Is Artificial Intelligence (AI) affecting the Real Estate Appraisal market? Are Real Property Valuations more accurate from AI or from a licensed Certified General Appraiser? How will technology alter the demand for experienced Real Property Appraisers? These are some of the questions we will attempt to answer in this article. With real estate marketing websites…
On September 18, 2017, Toys R Us filed for Chapter 11 bankruptcy protection in order to restructure over $5 billion in long term debt. The goal was to restructure debt and close some stores. Because they filed prior to the Christmas shopping season, vendors became skittish and stores like Target and Walmart took advantage of…
Anaheim GardenWalk, a 455k SF retail center located in the heart of Orange County near Disneyland and the Anaheim Convention Center, is up for sale and on the market again. Anaheim GardenWalk opened for business in June 2008. This was merely three months before the stock market (DJIA) had the largest point drop in a…
A Commercial Real Estate Appraiser determines the market value of commercial real estate property. There are a number of actions that a RE appraiser must take in order to obtain that value, and he / she may have to defend that value in court. The following is a brief job description and education requirements of…
The Orange County Board of Supervisors will consider the proposed El Toro Parcel Development Plan for the 100-acre property. It is located just north of Interstate 5 and just east of California State Route 133 in and around Irvine, California. This 100-acre parcel is near Orange County Great Park and Irvine Spectrum Center. The real…
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Commercial real estate transactions and acquisitions are a comprehensive process in which a checklist can help make sure the process goes as smoothly as possible. Due diligence is part of every successful commercial real estate transaction. It is critical to have and review every important document necessary to evaluate and complete the commercial real estate…
Are comp or comparable photos necessary during a real estate appraisal, especially with websites like Google Maps, MLS, and Zillow? The short anwer is yes they are necessary. Would you want to send people to the Moon based on research from 20 years ago? This is a bit of an exageration, but the point should…
The number of real estate appraisers will significantly decrease over the next five years, which could mean longer waits, higher fees, and lower-quality property appraisals. There were 78,500 real estate appraisers working in the U.S. in 2015, which is down 20% from 2007. This could fall another 3% each year for the next decade. Much…
These 25 American men have earned their billions doing business in the real estate industry. Many of these men grew up with nothing. Others inherited their wealth and their businesses. George Argyros – $2 billion Resident of Newport Beach, California, George Argyros is a self-made man. Most of his wealth comes from real estate investments….