Real Estate Counseling
Counseling assignments have included problem-solving solutions and answers to very specific questions involving commercial real estate. This includes general real estate values and trends within defined boundaries, historical buildings, Tax Increment Financing District, access related issues and the impact of zoning changes on property values. The following represents a sample of counseling assignments.
Southern Methodist University. Mr. McRoberts was selected by SMU to provide an opinion of the dominate or most probable price being paid for residential land within a geographic boundary defined by the client and within a stated transaction period. The opinion reached was used by SMU and the City of University Park in negotiating a land acquisition / disposition price for land desired by SMU for the George W. Bush Presidential Center – abandonment of streets, alleys and utility right-of-way(s).
Dallas Baptist University. This counseling matter involved a portion of the school campus, which was to be acquired for a national veteran’s cemetery. A written report and oral report was provided to the school.
Preservation Dallas. Provided counseling service to Preservation Dallas as it pertained to an “Application for Certificate for Demolition or Removal” of Dallas High School. Additionally the assignment involved various other related documents as provided by the property owner and their legal counsel to the Economic Review Panel for Dallas’ Landmark Commission. Expert testimony was provided to the panel on behalf of Preservation Dallas regarding findings and conclusions.
Department of Justice Canada and Revenue Canada. Services included the evaluation of a bulk-sale agreement involving residential condominiums in The Claridge. Research involved an eleven-year retrospective analysis of the Dallas condominium market. Development of an extensive transaction database enabled various variable sorts for statistical analysis so to examine and opine as to the validity of an investment forecast by a Canadian promoter. Professional testimony was given in Federal Tax Court in Toronto, Ontario.
Scharnhorst Ast & Kennard, PC. Determine the value enhancement for the 30-story SandRidge Tower (Oklahoma City) with the proposed installation of the RENOVATE Platinum Plus II window system by Berkowitz. The assignment was in a contractor construction dispute over HVAC issues and the window system was offered as a solution. Testimony was before an arbitration panel in Oklahoma City. The analysis calculated the energy savings based upon a case study analysis coupled with the monetized savings testing the cost / benefit for the Platinum Plus II window system versus the existing (1971) single-pane windows.
Jackson Walker, LLP. Prepared a benefits study for the redevelopment of the Mercantile Complex in downtown Dallas. Forest City Enterprises and their legal representation (Jackson Walker) were seeking over $70 million for the development / redevelopment of the building complex. Testimony was provided to the Downtown Connection TIF and Dallas City Hall.
Strasburger & Price, LLP. This consultation assignment involved a dispute over the value of a development partner’s interest in a property partnership. The assignment resulted in the interpretation of an employment contract between employer and employee. Assignment involved interpretation of legal real estate documents and expert testimony.
Kemper Financial Services. Conducted a market study of general land values for specific zoning categories in Las Colinas. In addition, assistance was provided in terms of a sell-out forecast for Kemper’s in-house cash flow model. Report was to be used internally by client for their evaluation of Dallas County Utility Reclamation District (DCURD) bonds.