Author Archives: Jim MacCrate

About Jim MacCrate

Real estate appraiser and valuation consultant for more than 30 years specializing in reviewing real estate appraisals, risk management and quality control.

Construction and Development Lending (Reprinted with Permission)

By Bill Moreland, Bank Reg Data This week BankRegData.com reviews Construction & Development lending. The review is a lot more complicated than I had originally considered, and therefore longer than my usual diatribes. While not an opus, it may feel … Continue reading

Posted in Land Valuation | Tagged , , , , , , | 1 Comment

POOR REAL ESTATE LENDING, UNDERWRITING, APPRAISAL REVIEW, FRAUD AND MISMANAGEMENT

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

LOOKING BACK AT THE LONG ISLAND INDUSTRIAL REAL ESTATE MARKET 2010

By Tom Attivissimo, CCIM and James R. MacCrate, MAI, CRE, ASA Overview Economic activity in the manufacturing sector expanded in March for the 20th consecutive month, and the overall economy grew for the 22nd consecutive month, say the nation’s supply … Continue reading

Posted in Industrial Properties, Real Estate Market Analysis | Tagged , , , , | 2 Comments

New York City Real Estate Taxes & Forecasting Cash Flow

By James R. MacCrate, MAI, CRE, ASA  Introduction  The local real property tax burden in New York City has been increasing constantly and represents a large percentage of the operating expenses associated with apartment buildings, office properties and other commercial … Continue reading

Posted in Appraisal Process, Real Estate Investments, Real Property Tax Assessments | Tagged , ,