Mergers and Acquisitions Commentary

By: Charles Miller, CBA The following bullet points are excerpts sourced from Strategic M&A Deals: Regions, Sectors and Structures, a May 2011 white paper prepared by Merrill Datasite and The Deal, LLC. In the publication, Merrill Datasite and The Deal surveyed 97 large-cap companies to determine their strategic acquisitions forecasts for the year ahead. With […]

Off-Site Parking & The Tax Court

In urban areas, office buildings, apartments, retail, and other such uses often lack sufficient on-site parking. In many situations, owners are permitted to fulfill their parking requirements with a nearby parking solution. The off-site parking lot and the subject property may have the same ownership, or the subject property may be permitted to use an […]

Fair Market Value versus Distressed Value

By Clay Shultz, ASA Senior Valuation Analyst Are you looking for a real life example of the difference between fair market value and distressed value? Look no further than the History Channel’s Pawn Stars. If you’ve never seen an episode, here’s a brief description: The setting is a Las Vegas pawn shop, which specializes in […]

CapX2020 and ‘Buy the Farm’

By: John T. Schmick Over the past ten years Minnesota statutes pertaining to the use of eminent domain powers have changed. Once biased towards the condemning authority, eminent domain laws are now more balanced and the rights of both property owners & government are considered. The most recent trend is to develop one set of […]

Central Corridor Issues

By:  John T. Schmick Development of Light Rail Transportation (LRT) along University Avenue in St. Paul has been front page news as pre-construction activity for the project, such as moving utility lines, begins. A recent article in the Highland Villager (Getting out while they can, Feb. 23-Mar. 8, 2011) highlights some of the problems created […]

Recent Decline in Transaction Multiples

By Charles A. Miller, CBA Sales price valuation multiples for small- to middle-market privately held companies have historically been fairly steady over time in many industries. However, the public capital markets experienced significant declines in 2008 and 2009 at the forefront of the recent recession; and the recession negatively impacted sales price multiples for privately […]