Arbitration

Rainier Tower Site
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

Two acre, one block site

Improved with office building and ground level retail

For market rent arbitration

Redmond

Overlake neighborhood, in the SR-520 corridor

122,103 sf GBA

For Microsoft Corporation

Proctor Building
Class A Office Building

Services including analysis of lease language, as well as value consulting. Scope of value consulting included analysis of lease rates at comparable office properties, a survey of market participants, and review of subject offers. Conclusions used in market rent arbitration, to determine lease renewal rate.

Astronic Electronics Systems
Light Industrial Building

Consultation with owner regarding pre-arbitration settlement range, and evaluation of tenant position. Appraisal of market rent of office, warehouse and light assembly space, taking into account lease renewal language.

Redmond

Willows Commerce Park

Two story industrial building

98,000 sf

For arbitration
of lease renewal rate