Monthly Archives: January 2012


By James R. MacCrate, MAI, CRE, ASA Introduction One wonders how the current financial crisis developed in this country. After all, we have faced  numerous financial crises dating back to the early 1800’s. The financial institutions, regulators, accounting firms, credit rating agencies, and … Continue reading

Posted in Appraisal Reviews, Ethics, Real Estate Litigation Support, Residential Properties | Tagged , , , , , , , , , | 3 Comments

The Department Store Conundrum

By Maxwell O. Ramsland, Jr., MAI, CRE and Shannon M. Luepke Market value is the standard by which appraisers, assessors, and other valuation professionals conduct their practices. Market value versus price is an issue that has been debated for decades … Continue reading

Posted in Depreciation, Real Estate Valuation Methodology, Retail Stores | Tagged , , , , , , , | 1 Comment

Rates of Return on Office Buildings in Manhattan vs Other CBDs

By James R. MacCrate, MAI, CRE, ASA  Introduction No one can deny that Manhattan is an interesting city that attracts real estate investors from all over the world. Properties in Manhattan command higher prices per square foot and lower capitalization … Continue reading

Posted in Capitalization Rates, Discount Rates, Office Buildings | Tagged , , , , | 1 Comment

Real Estate Appraisal Scope of Work and The Appraiser’s Data Request

By James R. MacCrate, MAI, CRE, ASA Introduction The valuation of real property interests is an orderly process that has been developed over the years to produce credible results. This process defines the problem and the scope of work that … Continue reading

Posted in Appraisal Process, Uniform Standards of Professional Appraisal Practice | Tagged , , , , , , , , , , , , , , , | 2 Comments