The Recession is Over: Should Someone Inform the Real Estate Industry?

By: Robert J. Strachota It’s official! The National Bureau of Economic Research recently announced that the recession ended in June of 2009. However, most real estate professionals, including the majority of our clients, report that economic conditions for the real estate industry have worsened. On a positive note, of 170 major metropolitan areas in the […]

St. Thomas University Creates Real Estate Hall of Fame

By Scott Carlson, Finance & Commerce Reprinted with permission from Finance & Commerce. Aviation has one. So do bass fishing, radio broadcasting, professional hockey and rock music. Soon, there will also be a hall of fame for Minnesota real estate pros. The head of the Shenehon Center for Real Estate at the University of St. […]

Credibility in the Tax Court

By Timothy A. Rye, Appraiser Three recent tax appeal cases illustrate that comprehensive research and attention to detail are key components of credibility in the Tax Court. The burden of proof weighs heavily on the appraiser; indeed, it may make or break a case. To prevail in court, the appraiser must submit evidence that the […]

Overhead Utility Crossings: Is the Impact Based on Perception or Reality?

Shenehon Company is pleased to announce an upcoming article by John Schmick and Robert Strachota in the July/August 2010 issue of International Right of Way Association Magazine regarding compensation for Overhead Utility Crossings. The extensive infrastructure of utility pipelines and power lines in the United States ultimately creates situations where utility lines cross active railroad […]

The Importance of an Expert Witness

By: Wendy S. Cell In December 2009 Shenehon Company provided expert testimony on behalf of the city of Minneapolis (defendant) regarding the viability of a 21-story condominium project near Loring Park. The city council denied plaintiff’s application for two conditional use permits, two variances, and a site plan review for height, setback, and capacity. Plaintiff […]

Applying the Principle of Consistent Use

Shenehon Company is pleased to announce that the International Right of Way Association will publish an article by John T. Schmick in the May/June 2010 issue of Right of Way. John reviews what happens to value when the principle of Consistent Use is applied incorrectly. The basic concept is that land and improvements must be […]