Murrett of Colliers International nominated president of the Appraisal Institute
The Appraisal Institute has nominated James Murrett as the Appraisal Institute 2016 vice president. The Appraisal Institute is recognized as the leader in the real estate appraisal industry and is one of the oldest organizations of real estate appraisers in the world. Murrett is the executive managing director in the northeast United States for Colliers International Valuation & Advisory Services in Buffalo and has vast experience in the appraisal of a variety of properties for public, institutional and private clients throughout New York State and other parts of the United States. Murrett also has been a major contributor in appraisal education throughout the United States.
Bronx, NY Investment Property Realty Group (IPRG) closed the sale of 216, 218, 220 East 179th St., a development site located in the Mount Hope section of the city, for $3.735 million.
Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,