Seattle

Central Business District

  • 2 acre, one block site
  • Improved with office building and ground level retail

Appraisal and consulting for market rent arbitration

Rainier Tower Site
Land Lease - Downtown Block

Land is leased and improved with an office and retail tower. Appraisal addresses site value under three scenarios: highest and best use as if vacant and unimproved; as improved and having additional development capacity; and as improved with no additional development capacity.

Seattle

Central Business District

  • 2 acre, one block site
  • Improved with office building and ground level retail

Appraisal and consulting for market rent arbitration

Tumwater

Immediately south of City of Olympia

  • 24.7 acres
  • Five tax parcels
  • Improvements include 15 wells

For offer of just compensation by the Cities of Olympia, Lacey, and Tumwater

Olympia Water Rights
For Acquisition of Water Rights From Former Brewery Property

Purpose of the acquisition is to secure the water rights that were held by the brewery and its subsequent owner, a bottling company, and to have future use of the wells that are present on parts of the former brewery property. The Cities of Olympia, Lacey and Tumwater plan to acquire this land along with the water rights. Land improved with a total of 15 wells and a water tower.

Tumwater

Immediately south of City of Olympia

  • 24.7 acres
  • Five tax parcels
  • Improvements include 15 wells

For offer of just compensation by the Cities of Olympia, Lacey, and Tumwater

Seattle

Waterfront

  • 232 room luxury hotel
  • Four-story building constructed on Piers 67/68

Appraisal of Leasehold Interest

Edgewater Hotel
Valuation of Leasehold Estate

This full service boutique luxury hotel was originally constructed in 1962 for the World’s Fair.  It is subject to an aquatic lands lease with the DNR.  The current 30-year lease term began in 2001. The Sale Comparison and Income Approaches were both used to value this property, with the Income Approach being considered most relevant for the property type.

Seattle

Waterfront

  • 232 room luxury hotel
  • Four-story building constructed on Piers 67/68

Appraisal of Leasehold Interest