As a MAI designated appraiser who completes right-of-way, acquisition and disposition appraisals, I have encountered a variety of situations where property owners are unaware of the complex process involved in a full or partial taking of private property. During this process, the appraiser can in fact assist the property owner in making sure they achieve the best possible outcome when selling their property to a government agency.
For example, once a state agency has determined that property is needed for public use, the property owner does not have an option to simply refuse the sale of their property. However, the government is required to ensure they compensate the owner fairly and cannot place any undue burdens or hardships on the property owners during this process. Thus, when the state claims private property through eminent domain, the property owner can have an impact on getting the best deal possible.
Here are some ways that property owners can make sure they are justly compensated, in the case of a state claim to their property:
Feasibility Research Group (FRG) has been selected to provide Appraisal Services for the District of Columbia Housing Authority.
University Heights, OH (April 3, 2019) — FEASIBILITY RESEARCH GROUP (FRG), a real estate appraisal and consulting firm based in Northeast Ohio, has been selected for Appraisal Services with the District of Columbia Housing Authority.
The District of Columbia Housing Authority requires professional appraisal services to support its Office of Capital Programs. The programs that FRG will support include the appraisal of mixed income, mix use development, public housing apartments.
“FRG looks forward to supporting the District of Columbia Housing Authority with their appraisal needs” said Gregory Williams, MAI and FRG‘s Owner and Managing Director. “FRG’s appraisals will support DCHA’s initiative to provide livable housing to support healthy and sustainable communities.”
Feasibility Research Group (FRG) awarded multi-year contract to provide appraisal services for the Maryland Department of Housing and Community Development.
University Heights, OH (March 11, 2019) — FEASIBILITY RESEARCH GROUP (FRG), a real estate appraisal and consulting firm based in Northeast Ohio, has been selected for Appraisal Services with the Maryland Department of Housing and Community Development.
The Maryland Department of Housing and Community Development requires professional appraisal services to support its Business Lending Division. The programs that FRG will support include the appraisal of mixed-use commercial properties.
“We are excited to work with the state of Maryland’s Department of Housing and Community Development” said Gregory Williams, MAI and FRG‘s Owner and Managing Director. “Our commercial appraisal reports will be key in helping the Business Lending Division make sound lending decisions.”
It’s that time of year again. Tonight is the official kick-off of the NFL season with the Super Bowl champion Denver Broncos hosting the Carolina Panthers at the Mile High Stadium.
And after the excitement of the Cleveland Cavaliers winning the NBA Championship and the Cleveland Indians currently leading the American League, it’s only reasonable to hope that this will be the year of the Cleveland Browns. In the 2015 season, the Cleveland Browns finished tied for last place in the AFC, so being the Cleveland Brown’s year, here’s to hoping that they do better than last year.
Since 1999, the Cleveland Browns have played in the First Energy Stadium – a first-class, 67,000+ seat stadium paid for by both public and private dollars. In the United States, there are 226 stadiums with seating capacities ranging from 20,000 to 107,000. And of them, 31 are NFL stadiums – remember the New York Giants and Jets share the MetLife Stadium.
Funding, owning, maintaining and filling stadiums is a tough business and is a business that is reliant on having a marquee primary occupant. And when that occupant leaves, stadiums have little hope for survival. For example, the Detroit Silverdome was home to the Detroit Lions from 1975 until they moved to Ford Field in 2002. Four years after the Lions moved to downtown Detroit, the Silverdome closed and was demolished this past Spring. The majority of NFL stadiums are funded by taxpayers and when the primary tenant moves, the stadium eventually closes and the taxpayers are left holding the bag. Looks like this same scenario will happen in St. Louis. The Rams moved back to Los Angeles leaving the 70,000+ seat Edward Jones Dome empty. Taxpayers will be responsible for paying $12M per year until 2022 for on-going maintenance costs and to fulfill the original construction debt.
It’s a horrible feeling to think you are going to miss the last direct flight home. This was me, a Sunday evening last month, as I sat in traffic in Atlanta on I-85 attempting to travel 30 miles to Hartsfield-Jackson International Airport. Google Maps informed me that due to an accident, my originally scheduled 45-minute drive would now take 2 hours and 15 minutes. That extra hour and half added to my commute was the time allocated to return a rental car, get through security and tram it to my gate. As I crept along, all I could think about was how much I wished I’d taken the MARTA (Metropolitan Atlanta Rapid Transit Authority).
Usually when I travel to the greater Atlanta area, my transportation preference is the MARTA. During the week, MARTA trains leave a station every 10 minutes and on the weekend every 20 minutes. On top of that, my ride from the last stop on the red line to the airport takes about 45 minutes and costs me $2.50. Quite a savings in time and money.
Yes, the mall is still the best place to buy an anniversary gift, especially if your wedding anniversary is the day that you are doing the shopping. I recently celebrated my wedding anniversary. And as I have every year, I purchased my wife’s anniversary gift just in time.
Despite the rise in online purchases, shopping centers still account for over half of retail sales in the U.S. However, the shopping mall experience has changed a lot in the last 25 years. Today, there are roughly 1,000 enclosed malls and approximately 400 upscale lifestyle centers. These lifestyle centers are often serving as a suburban downtown providing retail, entertainment and community.