The Santa Clara County Open Space Authority is under contract to purchase 1,831 acres of land nestled within Coyote Ridge. The land is owned by United Technologies Corp., an early Silicon Valley aerospace company. The $8.6 million purchase price was based on Neil Lefmann, MAI, and Valbridge | Hulberg & Associates’ appraisal of the site. The transaction is being called “the biggest deal” in the agency’s 20-year history.
For additional details, read the article in the San Jose Mercury News.
Norm Hulberg, MAI and Walter Carney, MAI will be speaking at the IRWA, Chapter 42 Second Annual Spring Conference to be held at the Santa Clara County Valley Transportation Agency (VTA) Auditorium in San Jose, on April 24, 2014.
Norm and Walt will be participating in the “Appraiser Shoot-Out,” a session where they, along with two other prominent local appraisers, will take opposing sides of the eminent domain condemnation process.
For additional details on all of the sessions and presenters, please refer to the conference brochure.
The Northern California Chapter of the Appraisal Institute’s 2014 Annual Spring Conference will be held at the Doubletree Hotel, at 1150 Ninth Street, Modesto, California, on Monday, March 10, 2014. The conference is the nation’s longest-running and best-attended one-day real estate appraisal education and networking event.
Norm Hulberg, MAI, will be presenting on various topics related to eminent domain, and John A. Hillas, SRA, will discuss the various nuances involved in analyzing comparable market data. And Richard N. Taylor, will be moderating a session providing an overview of the Central Valley commercial real estate market.
The conference features a series of important real estate, economic, and appraisal-related topics that we think you may find interesting, such as eminent domain, comparable market data selection and analysis, and green residential buildings. There will also be timely updates on the regional residential, agricultural, and commercial real estate markets. This year’s special guest speaker will be M. Lance Coyle, MAI, SRA.
For additional details regarding the session topics and all of the presenters, please refer to the Spring Conference Brochure.
The Northern California Chapter of the Appraisal Institute’s Annual Fall Conference will be held at the San Francisco Marriott Marquis on October 29, 2013. The conference is the nation’s longest-running and best-attended one-day real estate appraisal education and networking event.
Our appraisers will be presenting and moderating topics at the conference. Walter Carney, MAI, will be presenting on the topic of analyzing leases in valuation assignments, and Yvonne Broszus, MAI, will discuss the various nuances of ground leases. These sessions are moderated by John A. Hillas, SRA, and Josh Fronen, MAI.
The conference features a series of important real estate, economic, and appraisal-related topics that we think you may find interesting, such as business valuations, special purpose properties, Net Zero Energy buildings, valuing agricultural properties and water rights, and appraising high-end residential properties in a rebounding market. There will also be timely updates on the regional real estate market.
This year’s keynote speaker will be Catherine Austin Fitts, who will be presenting on trends in the global financial market and their impacts on the Bay Area real estate markets.
For additional details regarding the session topics and all of the presenters, please refer to the Fall Conference Brochure.
Walter Carney, MAI, will be speaking at CLE International’s 15th Annual Eminent Domain Conference, to be held at the Hotel Nikko in San Francisco, on November 7th and 8th, 2013. Walt will be presenting on the topic of “What’s in that Dirt: The Value of All That’s Being Taken.”
In addition to Walt’s presentation on easements, the conference presents a series of exciting and interesting topics, such as: transportation corridors, the relevance of CEQA, and other litigation related issues.
Visit CLE’s website for additional information about the conference and for registration.
Valbridge Property Advisors’ CEO, Rick Armalavage, and CTO, Calvin Cummings, visited the Valbridge | Hulberg & Associates Silicon Valley office last week. Rick and Calvin were in town for three days, negotiating a new software platform for our 58 national offices. The exec’s joined the local management team for dinner at the Capital Club.
Photo: Norm Hulberg, MAI, Rick Armalavage, MAI, Ryan Lorenzini, MAI, Yvonne Broszus, MAI, Ailsa Barrett, Calvin Cummings, MAI
We can now offer business valuations, as part of our many appraisal services. Business valuation appraisals are conducted by/within Valbridge Property Advisors | Armalavage Valuation, one of our partners in a 58-office nationwide appraisal firm, of which Hulberg & Associates is a part.
Additionally, we at Valbridge | Hulberg & Associates would like to extend our congratulations to Geri Armalavage, MAI, CBA, Chairman of the Board of Valbridge Property Advisors Board of Directors for her recent CBA (Certified Business Appraiser) designation. In fact, Geri is one of seven people to hold both the CBA and MAI designations. And she is also the first woman to do so. Congratulations, Geri! #business valuation, #appraisal
In the field of eminent domain, Rick E. Rayl, Esq., an attorney with Nossaman, LLP writes about the role of the jury within eminent domain matters.
Last week, California Appellate Court handed an eminent domain win to certain property owners this week in City of Perris v. Stamper. The key issues in the dispute involved a supposed dedication requirement on the value of the part taken. The appellate court ruled it was up to the jury -and not the trial court – to decide the impact of the dedication.
For further information, read Rick’s article entitled “The Continuing Effort to Define the Line Between Court and Jury Roles in Eminent Domain.”
Norman C. Hulberg, MAI
The Annual Spring Conference on March 25 in downtown Modesto featured some new speakers and several familiar ones as well. Once again, attendees have said it was one of the best they remember.
The Annual Spring Conference by the Northern California Chapter of the Appraisal Institute is the premiere real estate conference in the Central Valley of California. The conference began with its annual “State of the Profession” session featuring the California State Director of the Office of Real Estate Appraisers and the Appraisal Institute lobbyist in Sacramento, Mike Belote. The day long conference featured eight breakout sessions on various topics, and the keynote speaker during lunch was Michael P. Zagaris, CEO of PMZ, Inc.
This year there were over 125 attendees who enjoyed the informative speakers, visiting with exhibitors, and networking with each other.
Many thanks the 2013 Spring Conference Committee, the Nor-Cal Chapter Executive Director Lisa Estes and Chapter administrative assistant Pat Moore for their hard work over a ten month period leading up to the conference. The chapter would also like to thank our sponsors and exhibitors who helped make the day a success, including Marshall & Swift, LIA Administrators & Insurance Services, Valbridge Property Advisors, ParcelQuest, and the Appraisal Institute itself.