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Explore key valuation topics, economic trends, and industry developments—offering insights to help clients stay informed and make confident decisions.

Trends in Price to Earnings Ratios for Public and Private Companies
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Uniquely Priced Assets: Professional Sports Teams
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Are You Asking the Right Appraisal Question?
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Frequently Asked Questions on Tax Increment Financing (TIF)
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External Obsolescence Issues in Guardian Energy, LLC vs. County of Waseca (Heard in State of Minnesota Supreme Court)
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Supply Chain Crisis
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State of the Real Estate Market
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Reuse of Existing Structures
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COVID Impact on Valuations
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Rising Inflation in America
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Inflation Update
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Comparing Controlling Interest Transactions – Common Mistakes Valuation Analysts Make When Using the Controlling Interest Transaction Method to Value a Business
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New Legislation Allows Appraisers to Perform Evaluations
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COVID-19 and Currency Circulation
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The Complexity of Valuing Greenhouses
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Valuing Companies and Real Estate During COVID-19
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Economic Forecast 2020
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Market Insights: Condominiums
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Market Insights: Opportunity Zones
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Market Insights: Household Debt
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Market Insights: Apartment Market
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State of the Real Estate Market Highlights
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Minneapolis Mulls Renter Protections
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Spotlight on South Loop
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Waterfalls and Hurdle Rates in Real Estate Private Equity
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A Window of Opportunity
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Bitcoin, Blockchain, and Banks
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Waving, not Drowning
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Economic Benefits Provided by Municipal Liquor Stores
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Dude, Where’s My Premium? The S Corporation Premium After the Tax Cuts and Jobs Act
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Highest and Best Use
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Net Lease Rental Agreements: Investment Potential and Risk Factors
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Bubblewatch: A Glimpse into the Minneapolis-St. Paul Metropolitan Apartment Market
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Retooling older buildings: A popular trend for urban office space
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Retooling Older Buildings: A Popular Trend for Urban Office Space
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2016 Q4 Economic and Real Estate Wrapup and a Look Ahead
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Economy and Real Estate Market View – Q3 2016
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Shenehon Vessel on Lake Superior – Is There a Connection to Shenehon Company?
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Solar Energy: Balancing Interests in Real Property
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Three named to Shenehon Center’s MN Real Estate Hall of Fame
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Measuring a Company’s Risk of Bankruptcy
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The Complexity of Valuation Standards: Making Sense of the Acronyms
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Economy Market View Q2 2016
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John Schmick articles noted in Spring 2016 issue of Appraisal Journal, called “important”
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Real Estate Taxes: Calculation, Methodology and Trends
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The Condition of Business and Real Estate Asset Values
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Economy Market View – 2015 Recap
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Retail Market – 2015 Recap
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The Economy is so Bad That…
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Credibility in the Tax Court
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St. Thomas University Creates Real Estate Hall of Fame
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How is Value Created?
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Industrial Market – 2015 Recap
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Retail Market – 2015 Recap
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Office Market – 2015 Recap
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Apartment Market – 2015 Recap
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Tax incentive for conservation easement donations made permanent
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Market View Q3 2015
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Latest Valuation Viewpoint newsletter is available online
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Waterfront Residential Market Marches Toward Full Recovery
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MN Building owners invited to take part in ENERGY STAR Challenge
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Market View Q2 2015
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Update – Nicollet Mall reconstruction assessment
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Market View Q1 2015
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Are there any prevalent trends in discounts? It depends.
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Shenehon Analyst Joshua Johnson interviewed by Morgan & Westfield
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Commercial Real Estate Snapshot: a Review of 2014
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Media covers high-profile Shenehon assignment
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Corridor value methodology and professional standards
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Shenehon receives award for outstanding business valuation practices
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U.S. Labor Department looking closely at ESOP valuations
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Questionable Compensation for Temporary Easements
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Shenehon Company appraiser will be published in The Appraisal Journal
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Morningstar discontinues the Ibbotson SBBI Valuation Yearbook at the end of 2013
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Construction Defects May Reduce Property Values in an Entire Neighborhood
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Can a Single Market Indicator Predict Rental Demand?
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Office Rents in Downtown Minneapolis and Other Major Markets
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Estimating Real Estate Taxes
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Inflation: Your Wallet and the Overall Economy
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Market Insights
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Successful Property Tax Appeals are Based on Solid Evidence: 200 Levee Drive LLLP v. County of Scott
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Real Estate and Partial Interest Valuation
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A Persuasive Special Assessment Appeal
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Appraising Development Projects During Challenging Economic Times
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Is Assessed Value Based on Market Rent or Contract Rent?
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Testing Minnesota Statute 117.186 as It Relates to Business Damages (Loss of Going Concern) in Condemnation
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Appropriate Use of the Development Cost Approach in Condemnation
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Real Estate ‘Use Value’ in Business Enterprises
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The Real Estate Investment Market
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Cap Rates Fluctuate with the Market – By John G. Flaherty
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Summary of: State of Minnesota vs. Union Pacific Railroad, et al.
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Investment Properties: Valuing Partially Completed Construction Projects
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Recessionary Market Alters the Timeline for Development Projects
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Court of Appeals Notes that District Court Relied on Shenehon Company’s Appraisal
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Recent Court Decision Affirms a Broader Scope for Discounts
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Valuing the Private Company in a Recession
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Bob Strachota to Chair IBA’s Board of Governors
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Residential Home Market Update
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Relying on Non-Expert Witnesses Can Be Costly
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How do Adverse Market Conditions Affect Lease Renewals?
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Does Your Partnership Entity Pass the Validity Test for Estate Tax Purposes?
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Applying the Principle of Consistent Use
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Beyond the Headline: Housing Starts Data
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Appraising Railroad Corridors: Misconceptions about Across-the-Fence Methodology
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Using Demographics to Answer Valuation Questions
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Shenehon Company advised the Minnehaha Creek Watershed District
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Minnesota Ranks High
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The Run Up in the Dow: Is it Sustainable?
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The Importance of an Expert Witness
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Overhead Utility Crossings: Is the Impact Based on Perception or Reality?
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The Recession is Over: Should Someone Inform the Real Estate Industry?
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Central Corridor: Underlying Valuation Issue
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Federal Rules of Evidence Change
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Recent Decline in Transaction Multiples
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Central Corridor Issues
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CapX2020 and ‘Buy the Farm’
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Fair Market Value versus Distressed Value
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Off-Site Parking & The Tax Court
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Mergers and Acquisitions Commentary
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Revitalizing an Urban Landscape
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Appraising Luxury Homes
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Valuation Viewpoint Newsletter volume 13, Number 2 fall 2008
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Valuation Viewpoint Newsletter Volume 20, No. 1, March 2015
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Valuation Viewpoint Newsletter Volume 20, No. 2, September 2015
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Valuation Viewpoint Newsletter Volume 21, Number 1 May 2016
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Valuation Viewpoint Newsletter Volume 21, Number 2 September 2016
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Valuation Viewpoint Newsletter Volume 22, Number 1 January 2017
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Valuation Viewpoint Newsletter Volume 22, Number 2 Summer 2017
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Valuation Viewpoint Newsletter Volume 22, Number 3 Fall 2017
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Valuation Viewpoint Newsletter Volume 22, Number 4 2017 in Review
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Valuation Viewpoint Newsletter Volume 23, Number 1 Spring 2018
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Valuation Viewpoint Newsletter Volume 23, Number 2 Summer 2018
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Valuation Viewpoint Newsletter Volume 23, Number 3 Fall 2018
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Valuation Viewpoint Newsletter Volume 23, Number 4 2018
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Valuation Viewpoint Newsletter Volume 24, Number 1, Spring 2019
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Valuation Viewpoint Newsletter Volume 24, Number 2 Summer 2019
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Valuation Viewpoint Newsletter Fall 2019 Vol 24 No 3
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Valuation Viewpoint Newsletter Winter/Spring 2020 Vol 25 No 1
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Valuation Viewpoint Newsletter Summer 2020 Vol 25 No 2
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Valuation Viewpoint Newsletter Fall/Winter 2020 Vol 25 No 3
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Valuation Viewpoint Newsletter Summer/Fall 2021 Vol 26 No 1
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Valuation Viewpoint Newsletter No 2 Volume 27, Winter 2021/22 Vol 27
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Valuation Viewpoint Newsletter Summer/Fall 2022 Vol 27 No 3
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Valuation Viewpoint Newsletter Volume 28, Number 1, Winter 2024-25
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Reuse of Existing Structures
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COVID Impact on Valuations
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Rising Inflation in America
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Trends in Price to Earnings Ratios for Public and Private Companies
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Damages During Road Construction Projects
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  • Adaptive reuse of existing properties continues to be an interesting development opportunity in the Twin Cities, particularly in downtown Minneapolis. However, the data suggests that not all opportunities are equal. The simple example is the continued conversion of aged warehouses and offices in the North Loop, where conversion to residential uses has been well established for years.

  • The price to earnings ratio (P/E) is one of the most widely used metrics in the valuation of companies. As the name suggests, the P/E ratio is calculated by dividing the price of one share of a company’s...

  • One of the major talking points over the past year has been rising inflation in the United States economy. Whether it be at the gas pump, grocery store, or in workplace wages...