Commercial Real Estate Snapshot: a Review of 2014
By: Brad Dulas Supported by an improving economic outlook and employment growth, the commercial real estate market continued to note progress through the close of 2014. Although remaining relatively moderate, employment growth was experienced within most major markets and across most sectors during the year, as the unemployment rate continued to decline. Coastal markets and […]
Media covers high-profile Shenehon assignment
Shenehon Company has been retained by the City of Minneapolis as appraiser on a $50 million retrofit and upgrade of Nicollet Mall in downtown Minneapolis. Half of the project cost is being funded by the State of Minnesota and City of Minneapolis and the remaining portion will be assessed to property owners that benefit from […]
Corridor value methodology and professional standards
By: John T. Schmick (Note: The following is a summary of an article written by Shenehon appraiser John T. Schmick and Jeffrey K. Jones, MAI, Chief Appraiser of the Alabama Department of Transportation. The full article appeared in the Fall 2014 issue of Appraisal Journal . Appraisal Institute members and associate members may access the […]
Shenehon receives award for outstanding business valuation practices
The International Society of Business Appraisers (ISBA) has recognized Shenehon Company for its excellence and adherence to professional performance standards. Shenehon was recently awarded ISBA’s Gold Seal of Trust in Business Valuation. In presenting the award, the ISBA said, “Shenehon’s Business Valuation Unit is an outstanding example of a world-class business valuation firm.” Shenehon is […]
U.S. Labor Department looking closely at ESOP valuations
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, […]
Questionable Compensation for Temporary Easements
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 […]