Weekly News Roundup for July 2, 2015

These are some of the stories we’ve been following this week.

The Supreme Court ruled 5-4 to overturn a U.S. Environmental Protection Agency (EPA) air pollution rule, saying that the agency didn’t adequately consider the costs. The rule setting limits on mercury, arsenic, and acid gas emissions from coal-fired power […]

Fracking Can Damage Property Values

Last month a jury awarded a Texas family nearly $3 million, including $275,000 for the loss in market value of their property, in a lawsuit against a gas company that was using fracking techniques near their home. It was the first case involving fracking to go to trial, but it’s […]

Measuring Stigma in an Alpaca Herd

Typically Greenfield Advisors works on projects focused in real estate, but from time to time we are asked to use our valuation skills in other contexts. One context that we found to be particularly interesting was when we were asked to measure the financial impacts of the stigma of […]

Valuation of Brownfield Properties

This chapter examines the valuation considerations for brownfields and other contaminated real estate, including issues such as stigma, appraisal standards and methods, and incorporates the impacts of the 2002 Brownfields Amendments on valuation practice. Additionally, this chapter presents examples of value-added opportunities in brownfield development, with a focus on […]

Construction Defects: The Appraisal Challenges

This presentation discusses some of the current appraisal challenges in valuing properties with construction defects, as well as trends on the horizon.
Presenter: John A. Kilpatrick
Presented at the Construction Defects and Insurance Coverage Conference, March 2011.
Click here to download the full presentation.

Construction Defects — Appraisal Challenges

This paper discusses some of the current appraisal challenges in valuing properties with construction defects, as well as trends on the horizon.
Author: John A. Kilpatrick

Click here to download the full article.

Valuing Brownfields

The appraisal adds significantly to the overall brownfield evaluation and potential adaptive reuse in numerous ways. The appraisal can and should be viewed as a decision-making tool to optimize financial decisions regarding brownfields. This chapter illustrates key elements of the appraisal analysis, thus highlighting important impacts on brownfield redevelopment […]

The Impact of Transit Corridors on Residential Property Values

Most of the literature on transit corridors, such as superhighways and tunnels, focuses on the positive externality of transit access (e.g., interstate access, transit station) and fails to isolate the negative externality of the corridor itself. This empirical study examines two situations: one with both access benefits and negatives, […]

Construction Defects and Stigma

Properties suffering from construction defects exhibit a diminution in value resulting from both the actual cost to cure as well as the residual stigma losses. In the unremediated state, the sum of these should equal the diminution in market value, while post-remediation there is significant evidence of continued stigma. […]

Valuation Implications of EIFS

John A. Kilpatrick is an analyst with Mundy & Associates, a Seattle-based firm of economic, market, and valuation analysts. The firm performs valuation services for litigators in various areas of law. This commentary is an excerpt of a presentation Kilpatrick made at Mealey’s Construction Defects Conference in December 2000 […]

The Brownfield Challenge

Most appraisers can agree on four key points about valuing brownfields:

Contamination poses an issue that must be considered in the appraisal process.
Proximate contamination significantly impairs property values.
Multiple impairment mechanisms are at work, including actual cost-to-cure, increased ongoing maintenance costs, and stigma.
The valuation process is complex, often requiring advanced valuation approaches […]