Shenehon Company appraiser will be published in The Appraisal Journal
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 […]
Morningstar discontinues the Ibbotson SBBI Valuation Yearbook at the end of 2013
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 […]
Can a Single Market Indicator Predict Rental Demand?
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 […]
Office Rents in Downtown Minneapolis and Other Major Markets
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 […]
Estimating Real Estate Taxes
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 […]
Inflation: Your Wallet and the Overall Economy
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 […]