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Hedden and Powell Lead National Teleconference
CREs Michael P. Hedden, managing
director, American Appraisal Associates,
Inc., New York City; and George W. Powell,
Jr., Esq., attorney, Duane Morris LLP,
Miami, recently led a national teleconference
on the topic of temporary construction and
preservation easements. Sponsored by
Lorman Education Services, the conference
focused on content presented by Hedden
and Powell with the goal of educating
property owners and attorneys about how,
within the context of eminent domain
takings, to value state and local easements to
ensure they are receiving just compensation.
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Glanville Addresses New PERE Real Estate Forum
Brian Glanville, CRE, MAI,
FRICS, managing director,
Integra Realty Resources,
Portland, Ore., was part of a
panel that addressed participants
at the recent, first-ever
PERE Real Estate CFOs
Forum, held in New York City. Glanville’s
panel discussed valuation issues in distressed
markets, including public versus private
valuation, best practices in valuation,
and the challenges of assessing value when
there are no public market comparables. The
Forum is a new, collaborative peer-to-peer
event for chief financial officers and members
of the finance, compliance, operational
and capital markets arenas.
- Brian Glanville, CRE |
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Cannon Addresses Attorneys at Conference in Miami
Michael Y. Cannon, CRE,
executive director, Integra
Realty Resources, Miami,
recently addressed attorneys
who attended the 22nd annual
Ralph E. Boyer Institute on
Real Property and
Condominium Law and Cluster Development,
a conference sponsored by the University of
Miami School of Law. Cannon’s presentation,
“The Real Estate Market—A Brave New
World: Reality vs. Recovery,” included a profile
of Greater Miami; observed economic
trends, including latest overall statistics in
housing, rental apartments, office, retail,
industrial and hotel sectors of the market; and
a commentary about who and what caused
the financial crisis and forecasts.
- Michael Cannon, CRE |
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Riggs Quoted in BusinessWeek.com
Kenneth Riggs, CRE,
president, CEO, Real Estate
Research Corporation,
Chicago, was quoted in the
November 5 cover page article
in BusinessWeek.com on
“Why This Real Estate Bust
is Different.” The article looked at possible
root causes of the real estate bust, including
unrealistic assumptions, layers of investors,
sky-high prices and possible fraud as reasons.
Riggs said, “The market won't fully
recover until 2020,” and in cases where “values
were over the top...maybe never.”
- Kenneth Riggs, CRE |
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Winius Wins Major Award from Lamda Alpha International
Walter Winius Jr., CRE, managing director, Integra
Winius Realty Analysts, Phoenix, recently was honored
in Chicago by Lambda Alpha International
with an International Fellow Award. The award
was in recognition of his distinguished career and
deep knowledge in the areas of national and international
land economics and valuation. The designation
is given to individuals for their outstanding achievements
in the field of land economics and for contributions to the
advancement of Lambda Alpha International’s goals, through
esteemed leadership and foresight.
Winius has owned and led Integra Winius Realty Analysts, Inc. in
Phoenix for more than 50 years. His work for hundreds of
Arizona clients has involved real estate appraisals, market identification
and analysis, demographic trend analysis, economic
trend analysis, absorption rates, project feasibility and land use
mix recommendations and valuation studies.
Additionally, Winius has worked on various international land
valuation processes in the emerging real estate markets in
Central and Eastern Europe, including Ukraine, Poland, Czech
Republic, Macedonia, Bulgaria, Romania, Hungary and
Slovakia. He assesses all classes of real property, including
resort, commercial, industrial, special purpose and agricultural.
He specializes in community development, litigation support
and bankruptcy reorganization and liquidation.
Winius was one of the founding members of the Lambda
Alpha International-Phoenix Chapter and has served as its
president. He also has served as national president of the
Appraisal Institute and has been active on several Urban Land
Institute committees. Currently, he is president of the Council
for Design Excellence for the School of Architecture at
Arizona State University.
- Walter Winius, CRE |
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Norris’ Firm Chosen to Appraise Land for Solar Power Plant
CRE Steven R. Norris’ firm, Norris Realty Advisors, of Pasadena, California, has been selected to determine the fair land rent for the land underlying one of the largest proposed utility-grade solar power plants in the U.S., which will be located in the Imperial County desert, west of El Centro, California. The site consists of 6,500 vacant desert acres. Dubbed "Solar Two," the project is proposed to be a 750-megawatt solar facility, and is one of the four largest proposed solar facilities in the U.S. Norris’ firm previously appraised the land underlying another of the state’s largest proposed solar facilities.
- Steven Norris, CRE |
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