OUR LATEST MARKET MICROSCOPE

Volume 3, Number 1 -- When Negotiations Fail, Expert Testimony Can Succeed. When a trial or arbitration is called for to settle a dispute around real estate valuation, the testimony of experts will often have an important impact on the outcome. Success in arbitrations or trials, however, usually involves more than solid expert testimony.

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RECENTLY COMPLETED ASSIGNMENTS

Litigation Support

Entire acquisition of historic 250 room, 200,000 square foot hotel building in downtown San Diego for federal courthouse expansion. Client was U.S. Justice Department. Negotiated settlement after depositions at within 3% of Lea Associates’ opinion.

Rent resetting for 10 year period of major telecommunications site in north San Diego County. Client was lessee. Recommended percentage rent differential of 160% as between appraisers. Neutral arbitrator decision 30% over Lea Associates opinion or 19% of total difference sought by lessor.

Entire acquisition of 44-unit SRO hotel by redevelopment agency client. 117% value opinion difference between appraisers. Jury verdict within 5% of Lea Associates’ testimony at trial.

Appraisal

Fair market appraisal for eminent domain of 400+ acre mixed use development site in Upland, California from which approximately 40 acres will be acquired in fee for the Route 210 freeway.

RECENT SPEAKING ENGAGEMENTS

California Redevelopment Association Legal Issues Symposium 2000 -- Subject: Impacts of Eminent Domain Law on Real Estate Appraisal

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