Expert Details
Real Estate Disputes and the Calculation of Real Estate Damages
ID: 725109
Florida, USA
For the past 12 years, Expert has been an instructor of real estate at the University of Miami and Florida International University (FIU). Thirty plus years as a market and financial analyst allows for the calculation of fully supportable real estate damages.
He calculated and testified to a claim of $30M+ in damages due to a construction defect for a mixed-used (residential and retail) project.He calculated and defended a claim of $20M+ in damages due to a construction delay for a multi-use development.He calculated economic value in a commercial property successfully defeating a claim of inverse condemnation by the owners/developers of the property.He analyzed a claim of damages in the amount of $21.0 M brought against the county by a telecommunications company regarding the non-issuance of a special use permit.He calculated damages under varying development scenarios for a resort project denied permitting.
Education
| Year | Degree | Subject | Institution |
|---|---|---|---|
| Year: 1971 | Degree: MBA | Subject: Finance | Institution: Adelphi University |
| Year: 1969 | Degree: BS | Subject: Finance, Economics | Institution: Long Island University |
| Year: | Degree: Certificate Program | Subject: Real Estate Institute | Institution: New York University |
Work History
| Years | Employer | Title | Department |
|---|---|---|---|
| Years: 2001 to Present | Employer: Undisclosed | Title: President | Department: |
Responsibilities:Provides expert witness services to the legal professional specializing in broker standard of care, calculation of economic damages due to construction delays, temporary taking, eminent domain, commission disputes, and due diligence. Provides consulting services to the real estate profession including market feasibility studies, acquisition, and due diligence analysis. |
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| Years | Employer | Title | Department |
| Years: 1998 to 2001 | Employer: Berkowitz Dick Pollack & Brant | Title: Manager | Department: Consulting |
Responsibilities:Responsible for a variety of real estate consulting assignments including preparation of offering memorandums for Regulation D underwritings and pro formas. Assisted in raising equity funding for the purchase of the real property. Performed acquisition analysis and due diligence services for the purchase of commercial properties, with additional responsibility for retail property management and residential ad valorem tax appeals. Assisted in the purchase of nine retail and industrial properties valued. |
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| Years | Employer | Title | Department |
| Years: 1996 to 1998 | Employer: Rachlin Cohen & Holtz | Title: Associate | Department: Real Estate |
Responsibilities:Concentrated on business valuations and litigation support involving damage calculations, fraud investigations and due diligence reviews for real estate acquisitions. |
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| Years | Employer | Title | Department |
| Years: 1986 to 1996 | Employer: Appraisal & Real Estate Economics Associates, Inc. (AREEA) | Title: Vice President | Department: |
Responsibilities:Managed Real Estate Analysis Division with responsibility for completion of comprehensive market feasi¬bility studies, including discounted cash flow and investment analy¬sis, for all types of real estate developments. Also responsible for staff direction and development, overseeing workflow and produc¬tivity of employees, and other administrative duties. In addition, pro¬vided research, consulting services including construction damage calculations and expert witness services to the legal profession. |
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| Years | Employer | Title | Department |
| Years: 1983 to 1986 | Employer: Laventhol & Horwath | Title: Project Director / Real Estate Advisory Services | Department: Consulting |
Responsibilities:Responsible for timely and efficient completion of real estate consulting assignments including market and financial analyses of all land uses including residential, retirement housing, office, retail, industrial and mixed-use develop¬ments. Projects included: $250+ million resort development (encom¬passing one property within both the U.S. and Mexico) with residential and resort properties, and recreational facilities; joint pub¬lic/ private sector effort to encourage development activity in San Antonio, Texas. |
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| Years | Employer | Title | Department |
| Years: 1980 to 1983 | Employer: Reinhold P. Wolff Economic Research, Inc. | Title: Vice President / Director of South Florida Office | Department: |
Responsibilities:Consulted with clients, prepared detailed proposals and coordinated preparation of market and marketability studies for a wide range of proposed and existing real estate developments. |
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International Experience
| Years | Country / Region | Summary |
|---|---|---|
| Years: 1986 to 1986 | Country / Region: Jamaica | Summary: He conducted a market research assignment for the residential portion of a luxury resort. |
Career Accomplishments
| Associations / Societies |
|---|
| Miami-Dade County Bar Association, Broward County Bar Association, American Real Estate Society (ARES), American Academy of Economic and Financial Experts, National Association of Forensic Economics and the Urban Land Institute |
| Licenses / Certifications |
|---|
| Real Estate Brokers License - State of Florida Mortgage Brokers License - State of Florida |
| Professional Appointments |
|---|
| Full time instructor of real estate at Florida International University (FIU) |
Additional Experience
| Expert Witness Experience |
|---|
| He has 20+ years experience testifying in both federal and circuit courts regarding real estate disputes and the calculation of real estate economic damages. Real Estate Litigation: Expert is a trial experienced adjunct professor of real estate whose practice includes the calculation and/or review of economic damages, lost profits, Broker's Price Opinion (BPO), Realtor standard of care, insurance defense, due diligence, procuring cause, eminent domain, broker ethics, commission disputes, market research and demographic analysis. Advising counsel for both plaintiffs and defendants, Expert has testified in federal as well as the circuit court. He currently teaches real estate at the University of Miami and Florida International University (FIU). Expert has served as a review editor for Dearborn Real Estate Education. Real Estate Consulting: Conducting market feasibility studies encompassing all aspects of real estate development including residential (primary, secondary, “affordable” and retirement housing), office, retail, resort, and industrial properties ... investment analysis ... analyzing real estate investment plans and strategies in order to achieve financial goals ... discounted cash flow analysis … highest and best use analysis ... determining development strategies for multi-phased projects ... secure equity and debt financing… condemnation and adaptive re-use ... acquisition analysis ... EXPERT WITNESS EXPERIENCE: U.S. Court of Federal Claims Circuit Court - Miami-Dade County Circuit Court - Broward County Circuit Court - Martin County Circuit Court - Monroe County Circuit Court - St. Lucie County Circuit Court - Orange County Circuit Court - Polk County Circuit Court - Sevier County, Tennessee Circuit Court - Charlotte County Circuit Court - Pinellas County Circuit Court - Palm Beach County |
| Vendor Selection |
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| He utilizes word of mouth referrals in addition to belonging to and attending selected real estate committee events of the Miami-Dade County Bar as well as the Broward County Bar Association. |
| Marketing Experience |
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| He has been conducting research in conjunction with the preparation of real estate market feasibility studies for 25+ years. |
| Other Relevant Experience |
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| He is a full time instructor in the Real Estate Institute at Florida International University. |
Fields of Expertise
building code, building construction, building construction regulation, building design, building inspection, BOCA model code, patent claim construction, patent claim construction brief, commercial real estate, construction, construction claim, real estate, real estate contract, economic value, taking, eminent domain, insurance claim, property law, conversion (tort), earnest payment, commercial real estate practice, commercial real estate economics, Florida real estate, real estate economics, real estate dispute, broker dispute, condemnation valuation, building failure, construction defect, construction industry, construction schedule, construction inspection, real estate development, building (object), house, construction planning, construction cost