October Meeting: Real Property Analysis of Big Box Sale Transactions

The October Chapter Meeting will be held on Wednesday October, 26, 2016 at 6:00 pm at LuNello's 182 Stevens Ave, Cedar Grove, NJ 07009 (Phone: 973-837-1660) [Map]. The Executive Meeting is scheduled for 6:00 pm followed by Dinner at 6:30. The guest speaker will be Brett A. Harrington President of the International Appraisal Company based in Upper Saddle River, NJ, who will talk about "The Dark Store Theory -- A Real Property Analysis of Big Box Sale Transactions"

Mr. Harrington, who took his B.S.in Finance at the University of Connecticut, specializes in property tax valuation, administration and consulting. He has participated in many programs and served on a number of committees for the Institute for Professionals in Taxation, where he is currently an instructor for the Real Property Tax School. He has also testified as an expert before local and state appeal boards across the country.

Mr. Harrington will present a data-driven study of over 200 Big Box sale transactions, analyzing leased fee vs. fee simple sales, subsequent use of vacant properties, and the impact of deed restrictions on sales. This is a hot topic of interest to all appraisers, especially real property and business valuation appraisers.

You won't want to miss this important and timely presentation. The program qualifies for two (2) hours of ASA Continuing Education Credit.

Dinner is $30 per person with a cash bar available. Please RSVP to Chapter Secretary Michael Lavelle via Evite, phone (201-265-3333 ), or email by Friday, October 21. Make checks payable to "ASA Northern New Jersey Chapter 73" and mail to Michael Lavelle, Appraisal Economics, 140 E. Ridgewood Ave, Paramus, NJ 07652.

NOTE: Appraisers attending this meeting may also be interested in attending the 2-Hour New Jersey Real Property Appraisal Law Course presented by the ASA Northern New Jersey Chapter​ on the same ​day, in the same location, starting at 4:00 pm.

If you plan to take the Course and attend the Meeting, send a check for $80 ($50 for tuition, $30 for dinner) to Paul Roberts, International Appraisal Company, 110 Pleasant Avenue, Upper Saddle River, NJ, 07458. But also RSVP regarding the Meeting to Chapter Secretary Michael Lavelle via Evite, phone (201-265-3333 ), or email by Friday, October 21.