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VALUATION ISSUES: MICHIGAN B AND C RETAIL PROPERTIES

    Date: November 30, 2017   Location: Novi, MI
 
  Local Area Topics  
Category  Electives [E]  
Attendance Hours  8.0  
Current Price  $ 175.00 AI Price  
$ 200.00 Full Price  
    
 
  Location  
Name  Oaks Novi  
Address  27000 S. Karevich Drive  
City  Novi  
State  MI  
Zip  48377  
    
 
  Sponsor / Contact  
Chapter  Great Lakes
Website  www.glcai.com  
Contact Name  Joan E. Kaczor  
Email  jkaczor29@gmail.com  
Phone  (810) 364-5640  
Fax  (888) 587-5381  
 
  Description  
This eight hour seminar provides foundation and practical market information for assessors and appraisers facing valuation issues on retail properties.

The seminar reviews the national retail market including occupancy, rents, new construction and absorption. Issues affecting retail real estate including increase in internet sales, closures of retail chains and mall anchor stores are presented. Examples of troubled properties and successful retail developments plus several examples of competing malls are illustrated.

Definitions and characteristics of various shopping center types are presented together with the importance of understanding population, demographics and trade area.

The presents examples of sales from major and smaller markets across Michigan. Valuation issues including physical deterioration, functional and external obsolescence examples are presented. A case study of a strip retail center suffering high vacancy and poor absorption is presented together with potential valuation solutions.
 
  Audience  
General
 
  Disclaimer  
Cancellation Policy
  • Up To 15 days prior to program start date, refund in full.
  • 7 - 14 days prior to program start date, $50.00 cancellation fee.
  • Less than 7 days prior to program start date, forfeit of payment.
       


Program materials will be picked up at the site.
 
  Additional Information  
CLASS SCHEDULE: Check in: 7:45am-8:00am Class Begins: 8:30am.
Coffee & Tea in the morning & lunch is included.

 

 
















 
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