This author has yet to write their bio.Meanwhile lets just say that we are proud Shenehon Company contributed a whooping 126 entries.
The U.S. government is increasing scrutiny of valuations of employee stock ownership plans (ESOPs), looking for inflated estimates of the worth of a company’s shares, according to an article in the June 23 Wall Street Journal. The Labor Department is plaintiff in 15 lawsuits related to ESOPs, with most of the cases claiming shoddy valuations, […]
By: Phillip J. Butler Shenehon Company has recently noticed a pattern where condemning authorities such as the Minnesota Department of Transportation, cities, and counties, establish temporary construction easements and want to compensate property owners in a way that is questionable and unreasonable. Private land taken for a public project is often acquired in one of […]
Congratulations to John Schmick, Vice President and Director of Special Projects at Shenehon Company. The Appraisal Journal, the appraisal profession’s premier technical and academic publication, has accepted an article submitted by Schmick and co-author Jeff Jones, MAI and Chief Appraiser of the Alabama Department of Transportation. The article challenges the widely accepted practice of using […]
By: Chris Olson, MBA Morningstar discontinued the publishing of its annual Ibbotson SBBI Valuation Yearbook at the end of 2013, so now what should valuation professionals use as a replacement? Currently, there are two leading sources to replace the outgoing SBBI data source. The first option is the Valuation Handbook by Duff & Phelps; this […]
By: Brad Dulas In any given year, a certain number of clients will ask an appraiser, land planner, consultant, or other estate professional to estimate how long it will take a planned apartment complex to reach stabilized occupancy or how long it might take an entire overbuilt apartment market to reach equilibrium in terms of […]
By: Chris Stockness In September 2013, Jones Lang LaSalle released a report on the most expensive streets for office space. Sand Hill Road, in Menlo Park, California, took top honors with an average full service rental rate of $110.76/sf. Nicollet Mall in Minneapolis, Minnesota, was 25th on the list, with an average full service rent […]
By: Wendy S. Cell and Robert J. Strachota As the commercial real estate market continues to recover, developers and investors are taking strategic positions in sought-after markets. Estimating real estate taxes is an important component during the due diligence phase of new construction or following the purchase of a property. Shenehon’s unique combination of real […]
The Personal Income and Outlays report for April 2013 was recently published by the Bureau of Economic Analysis. According to the data, the year-over-year inflation rate fell to an all-time low of 1.05% based on the core Personal Consumption Expenditures (PCE) price index, which excludes food and energy prices due to their volatile nature. This […]
By: Brad Dulas Despite a new construction pipeline indicating developers will deliver a wave of apartment properties to the region over the next several years, conditions in the Twin Cities apartment market remain tight, as healthy demand continues to support improving operating fundamentals. According to REIS, developers added 1,279 units to the local apartment inventory […]
In its latest release, the U.S. Census Bureau reported that total housing starts in December 2012 increased 36.9 percent over December 2011 to a seasonally adjusted annualized level of 954,000. This level is the highest reported since July 2008 and signals the housing market continues to improve. While this is a positive indicator for the […]