Weekly News Roundup for November 10, 2017

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

For the first time in five years, not a single trophy property in Sydney, Australia was sold to a foreign buyer. Analysts believe recent tax increases are keeping away buyers from other countries.
The Illinois Attorney General filed […]

Up, Up, and Away—Drone Use in the Real Estate Industry Takes Off

Last January we wrote about how drones could soon be changing the way that real estate professionals do their job. At the time, the National Association of Realtors released a statement that unmanned aerial vehicles (UAVs) (also referred to as unmanned aircraft systems or UAS)were not allowed for commercial […]

Weekly News Roundup for February 26, 2016

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

Last year acid mine drainage from the Gold King Mine rushed into the nearby Animas River, contaminating it with heavy metals. The mine is one of 46 mines that could soon be designated as Superfund sites to be cleaned […]

How Do We Appraise a Property with Dinosaur Bones and Other Fossils?

At Greenfield Advisors, we have built a reputation on our ability to value a wide range of assets, from contaminated properties to trophy properties, and from an alpaca herd to pharmaceutical royalties. One of the many interesting projects we have worked on over the last 40 years involved appraising a […]

Weekly News Roundup for June 26, 2015

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

Bi-partisan bills have been introduced in both the U.S. House and Senate to renew and reform the EB-5 immigrant investor visa program currently set to expire in September.

Commercial trophy property owners in Europe are looking to Chinese buyers, thanks […]

Weekly News Roundup for June 5, 2015

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

In Bank of America v. Caulkett, the Supreme Court unanimously ruled that homeowners who declare bankruptcy can’t void a second mortgage.

A local fisherman has filed a class action lawsuit against Plains All American Pipeline for the company’s negligence in […]

Weekly News Roundup for May 8, 2015

Here are a few of the stories we have been following this week.

Trophy properties had a great year last year. More properties valued over $100 million were listed in 2014 than in any previous year. You can learn more about trophy properties by reading our previous posts on the topic.

A Pennsylvania […]

A Look Inside Ranch Preservation Communities

If you missed my previous post on trophy property, the definition will bring you up to speed in a hurry:
“A trophy property is an investment grade property represented by value or price at the top 2.5 percentile of properties in its particular land use category and is distinguished by special […]

An Eminent Domain Case Affecting a Trophy Property, Part 2

As discussed in my previous post, a few years ago, a sanitation district used eminent domain to construct a large sewer pipe across the length of a property belonging to one of our clients. During an eminent domain action, the government entity acquiring the property must compensate the landowner for […]

An Eminent Domain Case Affecting a Trophy Property, Part 1

A few years ago, a sanitation district used eminent domain to construct a large sewer pipe across the length of a property belonging to one of our clients. Eminent domain is the right of government to take private property for public use after paying the owner just compensation. The […]

An Introduction to Trophy Property

Whether or not you’ve heard of the term “trophy property” before, an educated guess about its meaning will likely land you in the ballpark. Interestingly, trophy property is a relatively new designation. Prior to 2002, there was no definition provided in The Dictionary of Real Estate Appraisal, The Appraisal of Real […]