As a commercial appraisal firm for over fifteen years, we have specialized in new commercial and residential developments, land acquisitions and feasibility studies for large regional and national developers doing business with our list of banking clients. We have spanned the five county Chicagoland area with projects ranging from 10 unit new single family home subdivisions in Hawthorn Woods, an 181 unit mixed use development incorporating town homes, condominiums and retail space in the City of Chicago, and multi-play golf courses in Crete, Illinois. Our firm has also recently completed the $32 million acquisition and assemblage of the nearly 18 sites located directly across from Wrigley Field for development of a new hotel and retail concept. In addition to our development background, we have valued several taverns, restaurants, single tenant and multi-tenant retail buildings, as well as, over 11.75 million square feet of industrial and flex space in the five county areas. We have incorporated leased fee valuations for net leased investments, including discounted cash flow analysis and capitalization rate selection, based on the strength and credit rating of a number of regional and national tenants. Our expertise continues into small apartment building valuation incorporating all of the latest Fannie Mae approved forms to large 300+ units federally sponsored HUD apartment complexes.
Dependent on the scope of work of each individual appraisal we perform, we utilize several verified information sources such as Costar Realty Services, the Northern Illinois Multiple Listing Service, Loopnet, Sidwell Maps, Assessor’s offices, Korpacz Investor Surveys and Marshall and Swift Cost Manuals. Our greatest asset however, is the relationships we have forged with many of the areas top producing commercial brokers, attorneys and landlords which allow us to receive up to the date verified information and continually have our finger on the pulse of Chicago’s real estate market. Lastly, as a boutique appraisal firm, all of the real estate is inspected by the principal appraiser, even in cases when the final report is completed by one of the firm’s associate appraisers.
