Integra-San Diego recently valued the going concern interest of a hotel resort property, consisting of 70,833 SF gross leaseable area on 5.75 acres. The property has 146 rooms, was built in 1981 and renovated in 2010. The purpose of the appraisal was for portfolio management.
In the first 6 months of 2016, IRR-San Diego’s Hospitality Valuation Group has completed 40 hospitality appraisal assignments, ranging from small, independently owned bed & breakfast motels, to full service, major chain luxury hotels. These 40 appraisal assignments have a combined real estate value of over $282 million, and a combined gross building area of 1.7 million square feet. The hotels were located throughout San Diego, Orange and Los Angeles counties, and other California locations, including Fresno, Santa Barbara and Santa Cruz. IRR-San Diego’s principal and Sr. Managing Director, Jeff Greenwald, MAI, SRA, ASA, AI-GRS, FRICS, is also licensed in Washington, Oregon, Arizona, Texas, New Mexico, and Georgia. Several of the 40 appraisal assignments completed were located in those states.
For further information on IRR-San Diego’s Hospitality Valuation Group or a copy of their brochure, please email firstname.lastname@example.org.
Integra Realty Resources – San Diego has just completed the appraisal of 20 properties for estate tax purposes with a combined real estate value of over $100,000,000. The properties, located in and around San Diego county consisted of 6 multi-tenant retail properties, 4 industrial properties and 1 industrial business park, 2 multi-tenant office properties, 1 medical office, 3 multi-family properties, and 2 hotel properties, with a combined square footage of over 500,000 SF.
Office Property – 6,500+ SF Rentable Area
73,000 SF Rentable Area on 4.30 Acres
66,416 SF Rentable Area – Part of 20 Property Trust Portfolio
Integra – San Diego has just completed the appraisal of a 22 story multi-tenant, high-rise office tower property in downtown San Diego. The entire building, including the ground-floor retail, and basement consists of 447,164 SF. The appraisal report was completed for a financial institution.
Class B Multi-Tenant Office High-Rise Containing 448,000 SF Rentable Area
Integra – San Diego recently completed an appraisal of the leased fee interest of an industrial property containing 76,988 SF of rentable area. The property was 100% leased at the time of the appraisal. Site area is 4.18 acres. This appraisal was completed for loan underwriting purposes for a financial institution
IRR-San Diego recently valued market value as is of the total assets of the business (MVTAB). This was a fee simple/leasehold interest, a going concern interest, specifically excluding monetary assets of cash and inventory of a 395-room full service hotel, with a site area of 10.41 acres, located adjacent to a major regional international airport. The appraisal was done for internal valuation purposes prior to a potential sale.
The subject property consists of 333 individual condominium units within a 574‐unit development known as Regents La Jolla. The 333 subject units are currently operated (rented) as luxury apartments. The improvements were constructed in 1999/2000 and a condominium map was recorded in 2005. 241 of the units in the project were sold as individual condominium units and were not included in this appraisal. The site area (for the
entire 574‐unit development) is 8.49 acres or 369,824 square feet. We valued the subject on an as is leased fee (rental) basis, as well as on a bulk basis assuming condominium sell‐out. 235 of the 333 units have been upgraded with superior quality interiors since the date of original construction. Appraisal done for a financial institution.
Jeff Greenwald, Principal and Senior Managing Director of IRR San Diego, has recently earned the AI-GRS designation from the Appraisal Institute. According to the website, the AI-GRS membership designation is held by appraisers who are experienced in general appraisal review. To become an AI-GRS member of the Appraisal Institute, an individual must: Read More
We are pleased to present copies of our recently released IRR Viewpoint 2015, Integra Realty Resources’ signature publication. In this annual edition, we provide market value trends for investment-grade real estate across the San Diego market. Read More
There are dozens and dozens of designations related to the real estate field. In fact, after a quick search on the National Association of Realtor’s website, we found over 20 designations listed for a variety of specialties. The real estate appraisal field has several designations, as well; however, it can be confusing to understand what these designations mean and (more importantly) how can they help you decide which appraiser to choose.
Integra Realty Resources (IRR), North America’s largest independent commercial real estate market research, valuation, and counseling firm, has been recognized for surpassing a major milestone in the commercial real estate valuation and appraisal industry. From January 2009 to date, IRR’s San Diego, CA hospitality specialty practice group has valued hotel and lodging properties with a combined appraised value exceeding $2 billion.