Expert Details
residential & commercial real estate economics: diminution of value, economic damages & mkt.studies
ID: 730759
California, USA
DEVELOPMENT EXPERIENCE
Co-founder of four firms that bought, built, rehabbed and operated more than three-dozen Southern California properties, valued in excess of $250,000,000.
Apartment rehab & development and condominium conversions; office and industrial buildings; custom homes and self-storage
LENDING EXPERIENCE
Past affiliations: Board Member- Equality Savings & Loan, Provident Capital Corp (Subsidiary of Provident Savings of Boston); Rancho Bernardo Savings & Loan; former Director of Real Estate Research, HomeFed Bank; organizer and original board member, 1st Pacific Bank
He has completed more than 500 market feasibility studies for developers, investors, and lenders. Topics include residential and commercial "for rent" and "for sale" properties including the preparation of investor packages. He routinely has 10-15 active litigation cases on a myriad of subjects but typically relating to the diminution of value and economic damages.
Education
| Year | Degree | Subject | Institution |
|---|---|---|---|
| Year: 1963 | Degree: MBA | Subject: Real Estate Economics | Institution: American University |
| Year: 1961 | Degree: MA | Subject: Statistics and Research | Institution: Stanford University |
| Year: 1960 | Degree: B..A | Subject: Business | Institution: American University |
Work History
| Years | Employer | Title | Department |
|---|---|---|---|
| Years: 2013 to Present | Employer: Undisclosed | Title: Legal and Forensic Accounting | Department: |
Responsibilities: An extensive National background in real estate development, real estate investment economics, lending and market analysis. He has completed a wide range of feasibility and valuation studies in the sale and rental housing, apartment, retail, office, industrial and hotel industries. He serves the legal and forensic accounting community with a broad range of services, including: Economic Loss and Diminution of Value: Strategies and Calculations Valuations of Residential and Commercial Properties Demographic and Market Trends Analysis Market and financial analyses of real estate developments and investments Portfolio dissolution, acquisition and disposition strategies Matrimonial and divorce allocation of properties |
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| Years | Employer | Title | Department |
| Years: 2011 to 2013 | Employer: London Group Realty Advisors | Title: Principal | Department: |
Responsibilities:He prepares studies and economic data for the firm's clientele.Provided consulting and expert witness services, drawing on his extensive background in development analysis and real estate development, and served as a mentor to the staff on real estate development investment issues. |
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| Years | Employer | Title | Department |
| Years: 1997 to 2011 | Employer: MarketPointe Realty Advisors | Title: Director of Economic Research | Department: |
Responsibilities:Directed economic studies for residential and commercial developers and investors and headed litigation support efforts. His practice focused on real estate development, rental housing, age restricted communities (including assisted living facilities), condominiums, condominium conversions, office, retail, hotel and industrial developments. He has also served as the Chief Economist for the California Building Industry Association and authored annual economic forecasts and other technical and demographic and economic “white papers” |
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| Years | Employer | Title | Department |
| Years: 1991 to 1997 | Employer: ConAm Economic Research | Title: President | Department: |
Responsibilities:Prepared economic studies for clientele and conducted expert witness assignments. Con Am Research provided a broad range of economic and demographic research, real estate feasibility studies, development impact studies, due diligence and litigation support to the private and public sector. The firm developed specific expertise in fiscal impact analysis and investment |
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| Years | Employer | Title | Department |
| Years: 1990 to 1991 | Employer: HomeFed Bank | Title: Director of Real Estate Research | Department: Credit Risk |
Responsibilities:Provided economic forecasting, demographic and market research studies, portfolio analysis and disposition strategies for Bank's $10+ billion bi-coastal asset management, lending and development portfolio. Also served on the Investment Committee of HomeFed Trust Co. and as advisor to the Bank's appraisal department. |
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| Years | Employer | Title | Department |
| Years: 1983 to 1990 | Employer: ConAm Management Corporation | Title: Director of Research | Department: |
Responsibilities:Directed market research assignments for firm's acquisition and management portfolio. Created marketing campaign and directed a $500,000,000 sales effort for public and private offerings through Wall Street firms. Responsible for market research, real estate acquisition and development strategies for firm's nationwide multi-family portfolio, and managed investor relations for the firm's limited partners. |
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| Years | Employer | Title | Department |
| Years: 1974 to 1983 | Employer: Sanford Goodkin and Associates | Title: Director | Department: |
Responsibilities:Directed feasibility and valuation studies for developers, property owners, lending institutions, litigation counsel, and governmental clients throughout the United States. |
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| Years | Employer | Title | Department |
| Years: 1971 to 1974 | Employer: American Housing Guild (predecessor to Con Am) | Title: National Director of Market Research | Department: |
Responsibilities: |
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Government Experience
| Years | Agency | Role | Description |
|---|---|---|---|
| Years: 2010 to 2010 | Agency: City of Vista, CA | Role: Consulant | Description: Prepared feasibility study for redevelopment area. |
| Years: 2007 to 2011 | Agency: City of Oceanside, CA | Role: Expert Witness | Description: Various cases involving real estate. |
| Years: 2000 to 2011 | Agency: City of San Diego | Role: Expert Witness | Description: Various cases involving real estate |
| Years: 1995 to 2011 | Agency: San Diego County | Role: Expert Witness | Description: Various cases involving real estate |
Career Accomplishments
| Associations / Societies |
|---|
| Past president, San Diego chapter, lambda alpha international, an elected honorary society ORGANIZATIONS Lambda Alpha International; SPIRE (Stanford Professionals in Real Estate); Building Industry Association of San Diego; San Diego County Apartment Association; Urban Land Institute |
| Professional Appointments |
|---|
| TEACHING EXPERIENCE Author, Statewide Curriculum, "Investing in Real Estate" Litigation Economics, CLE Course Creator and Instructor Authored and instructed courses at UCSD Extension, USD Burnham Moores Department of Real Estate; SDSU and National University: ➢ Real Estate Investment, Real Estate Development, Real Estate Feasibility, Condominium Conversion, Apartment Investments, Architectural Monuments, Trends in California Demographics University of San Diego - Instructor, CLE-approved Seminar on Litigation Economics. COMMUNITY ACTIVITIES Past President, San Diego Chapter, Lambda Alpha, an international honorary land economics society and international editor of Keynotes newsletter, Board member, Land Economics Foundation Advisory Board, UCSD Department of Land Planning and Real Estate Advisory Member and co-founder, UCSD Economics Roundtable Member, Board of Advisors, Burnham Moores Center of Real Estate, University of San Diego Past Board Member, San Diego Co. Apartment Association Member, Dean’s Advisory Board, School of Business, National University Member, Board of Trustees, La Jolla Country Day School (1992 - 2002) |
| Awards / Recognition |
|---|
| HONORS City of San Diego and County of San Diego declared: ( Expert Name) Day for service to the community Named an “international Fellow” of Lambda Alpha |
| Publications and Patents Summary |
|---|
| Write's regularly for San Diego Daily Transcript; regularly quoted in San Diego Union-Tribune, North County Times, San Diego Business Journal, etc. PUBLICATIONS: 5 PRESENTATIONS 20-30 speaking engagements annually to business, real estate, and community service and trade association |
Additional Experience
| Expert Witness Experience |
|---|
| Most of litigation experience is in superior courts in California and Nevada. Depositions completed: more than 100; trials more than 50. Assignments equally balanced between plaintiff and defense. |
| Training / Seminars |
|---|
| Taught real estate economics and development at UC San Diego for 30 years. Have also taught courses at University of San Diego and San Diego State University. Accredited for CLE in California. |
| Marketing Experience |
|---|
| Have devoted my career exclusively to real estate research and demographic analysis. |