Session Descriptions

The following were the sessions from our 2016 conference. Take a look to see the variety of topics you can look forward to in 2017.

You will choose one session from each Early AM, Late AM, Early PM and Late PM (4 total)

Early Morning Sessions – 9:00-10:30AM

A – The Puget Sound Office Market: Where We’re Headed and How We Compare

Matthew Gardner, Chief Economist, Windermere Services Company
Damon McCartney, Senior Vice President, Broderick Group
Reid Rader, Vice President, Eastdil Secured
David Stinebaugh, Senior Vice President, CBRE – Capital Markets, Debt & Structured Finance
MODERATOR: John Parsons, Vice President, CBRE

The Puget Sound office market continues to gain momentum and become a major gateway market. Hear from market experts regarding current market trends and growth, and where we sit compared to other gateway markets. Additionally we will get an insight into how much gas is left in the tank as we move into record breaking times.

B – Valuing Proposed Construction

Mary Campos, MAI, SRA, AI-GRS, AI-RRS, Sr. Commercial Appraisal Job Manager, HomeStreet Bank
Mike Christensen, President, JK Monarch Fine Homes
Jeff Guyor, Residential Review Appraiser, Umpqua Bank

What are some of the unique challenges in valuing proposed construction and how do you address them in your report? Learn how perform a feasibility and lot residual analysis and what types of information to request from the lender/builder. We have two lenders and a builder who will share their experience and insights into appraising proposed homes.

C – Should I Be Appraising the Lot Next Door, Too?

Leslie C. Clark, Attorney, Phillips Burgess PLLC
Erica A. Doctor, Attorney, Phillips Burgess PLLC
Nicole M. Potebnya, Attorney, Phillips Burgess PLLC

The U.S. Supreme Court is poised to review the property law concept of ‘parcel as a whole.’ The outcome of the Court’s review could significantly impact the role of appraisals in property rights litigation, in monetizing environmental constraints, and in valuing real estate transactions. Attorneys practicing land use, environmental, and real estate law will keep you up to date on this evolving concept.

D – Alternative Dispute Resolution (ADR) and the Appraiser’s Role

Michael R. Garner, JD, Shareholder, Stokes Lawrence
David Hunnicutt, MAI, JD, Director, Integra Realty Resources
Allen Safer, MAI, Senior Managing Director, Integra Realty Resources

This breakout session will focus on the various aspects of Alternative Dispute Resolution (ADR) and the role that appraisers can and often do play in the respective disciplines. Particular emphasis will be on the recent Guide Note to Arbitration that was published by the Appraisal Institute, that outlines AI’s position on the role of appraiser in ADR, clarifying terminology, and identifying the parameters of conduct by an appraiser in their designated role in ADR.

Late Morning Sessions – 10:45-12:15PM

E – The Prospering Puget Sound Industrial Market

Bart Brynestad, Partner, Panattoni Development
Matt Buchanan, Development Manager, Panattoni Development
Jeff Forsberg, CCIM, Principal, NAI Puget Sound Properties
Erika Harris, Senior Planner, Puget Sound Regional Council
Jim Kidder, SIOR, Senior Vice President, Kidder Mathews
Tom Wilson, Director, Cushman & Wakefield Commerce
MODERATOR: Mitch Olsen, MAI, Vice President, CBRE

Learn from the perspective of active market participants as they discuss specific industrial markets and how the ever-changing Seattle landscape affects the overall market. Hear about current and anticipated trends including rental rates, absorption, new construction, pipeline inventory, capitalization rates, and overall investment parameters. Find out about supply and demand for speculative developments as a barometer for the long-term health of the industrial market.

F – WA State Real Estate Appraiser Program: Overview & Discussion

Dean Potter, MAI, SRA, AI-GRS, FRICS, President/Principal Appraiser, Dean Potter & Associates, Inc.
Dee Sharp, MPA, Program Manager, Real Estate Program, Business & Professional Division, WA State Department of Licenses

Multi-faceted presentation regarding the WA DOL Real Estate Appraiser Program including the history and current state of the program as well as activities of the Appraiser program and Real Estate Appraiser Commission. You’ll also hear about past, pending and future legislation, upcoming outreach initiatives and the Trainee Program.

G – Expert Witness Strategies for Success

Norman J. Bruns, Esq., Attorney, Garvey Schubert Barer
Michelle DeLappe, JD, LLM, CMI, Attorney, Garvey Schubert Barer
Miriam Woods, JD, LLM, Attorney, Garvey Schubert Barer

Discover what it takes to become an effective expert witness. Whether for administrative hearings, arbitrations, or trials, thorough preparation is key and starts with the appraisal report. A report prepared for litigation can differ in important ways from reports for other purposes. Learn about the different approaches for deposition, direct examination, cross examination, and rebuttal testimony. For the last several years in their tax litigation practice, the three panelists, including Mr. Bruns with over 30 years of trial experience, have prepared appraisers for success as expert witnesses.

H – Appraisal Institute Civic Health: An Engaged Membership Matters

Penny Crowe, SRA, ACOW President, Crowe Appraisal Company
Bill Garber, Dir. Of Government & External Affairs, Appraisal Institute
Patrick M. Lamb, MAI, President, Lamb Hanson Lamb Appraisal Associates, Inc.
Stan Sidor, MAI, Senior Vice President, Manager, Kidder Mathews
Justin Slack, MAI, SRA, AI-GRS, AI-RRS, FVP, Commercial Appraisal Manager, HomeStreet Bank

This session is designed to inform, connect and engage attendees to strengthen the understanding of the political process. The panel will teach us about the inner-workings of our relationships, dealings and interactions with lawmakers as well as their perspectives on issues that impact our professional lives on a local and national platform. We want to encourage an active exchange among our attendees and lobbyist and activist in government affairs to facilitate membership influence and leader accountability.

Early Afternoon Sessions – 1:45-3:15PM

I – Retail: The Continual Evolution

James Bach, First Vice President, CBRE, Capital Markets
Benjamin Conwell, Senior Managing Director, Cushman & Wakefield
Tracy Cornell, Retail Brokerage Consultant, JSH Properties, Inc.
Dan McGinnis, First Vice President, Advisory and Transaction Services, CBRE
Christopher Mealy, MAI, MRICS, ASA, Senior Director, Cushman and Wakefield
Laura Miller, Partner / Broker, Gibraltar investment Property Solutions

From Amazon.com to Zara, this session is all about retail and the trends occurring in the Seattle market. The session will explore a variety of retail topics including leasing trends, sales activity, tenant space requirements, ecommerce and its impact on real estate, capital markets and various other topics.

J – What’s New with the NWMLS

Debra Wuts, Office Manager, Northwest Multiple Listing Service

The MLS has been upgrading its systems over the past several years, see their new features including: marketing trends, exporting to excel, custom displays, regression, and a preview of Datamaster.

K – Mediation Preparation: Strengths, Weaknesses, Opportunities, and Threats

Jeffrey Beaver, Partner, Miller Nash Graham & Dunn
Judge Bruce Hilyer (ret), Hilyer Dispute Resolution
Larry Smith, Senior Legal Counsel, Sound Transit,
MODERATOR: Connor O’Brien, Associate, Miller Nash Graham & Dunn

A panel discussion focused on Strengths, Weaknesses, Opportunities and Threats analysis in preparation for mediation. Panel will consist of Condemnor’s Counsel, Condemnor and Mediator.

L – Commercial Reviewer Panel

Candi Coleman, MAI, Chief Appraiser, Umpqua Bank
Michael Lamb, MAI, SRA, AI-GRS, AI-RRS, Senior Appraisal Manager , BECU
D. Ryan McDonald, MAI, VP/Market Manager, Commercial Appraisal Services, Bank of America
Lisa Pugh, Appraisal Review Analyst, Kitsap Bank
MODERATOR: Aaron DeCollibus, MBA, Managing Director, CJM Advisors

The Reviewer panel will provide appraisers an opportunity to hear, first hand, from bank reviewers the most common issues arising in appraisals and how to avoid extensive review comments. A question and answer session will follow after the presentations.

Late Afternoon Sessions – 3:30-5:00PM

M – On the Brink or A Brave New World?

Kenneth Dudunakis, Sr. Managing Director, Berkadia
Stuart Oswald, Senior Vice President, NorthMarq Capital
Bryan W Meyer, Group Vice President, Essex Property Trust, Inc.
Joe Paar, Partner, Paar Development

As we push deeper into the cycle, are we teetering on the brink or have we fundamentally changed and the old models no longer apply? What are the current trends for multifamily? Will rents keep climbing? Is there any opportunity left? How are the institutional and private capital investors looking at Seattle as we continue to add new inventory? What impact has foreign money had on our economy? Learn from the people who are active in these markets.

N – Residential Assignment Analysis: Supporting the Adjustments

Denis A. DeSaix, MAI, SRA, Principal, Metrocal Appraisal

For the seasoned AND the newly licensed appraiser, we’ll demonstrate how to use quantitative and qualitative methods, combined with the appraiser’s judgment and market-knowledge, to make well-supported, reasonable and credible adjustments. Techniques include paired sales, trend/graphing, and limited regression. This is not an advanced regression-analysis course and most of the techniques used are familiar to many appraisers. You’ll have exposure to techniques that you can incorporate in your practice immediately.

O – The Valuation of Property in Development Scenarios – Eminent Domain Cases

Kinnon W. Williams, JD, Partner, Inslee Best Doezie & Ryder, PLLC

Eminent Domain cases require appraisers to value property at a certain point in time, sometimes with a highest and best use of development or re-development. In the real world, offers include a number of contingencies and time components to complete feasibility studies and development plans; however, going to court is a step into a surreal world where projects get completed in a nano second, businesses get relocated with ease, and million dollar buying decisions are made without much due diligence. How does an appraiser determine the value of property yet to be developed, account for time delays in closing, and development contingencies? Look at what assumptions you can make in an eminent domain case; when that takes you to the point of not appraising the property; factors to consider; and how to prevent your appraisal from being excluded.

P – South Puget Sound Region Market Conditions and Trends

Jim Jensen, Senior Director, Berkadia
Harrison Laird, Associate, CBRE
Jerome O’Leary, First Vice President, Kidder Mathews
Wilma Warshak, SIOR, Managing Partner and Founder, Washington Real Estate Advisors (WA-REA)
MODERATOR: Stan Sidor, MAI, Senior Vice President, Manager, Kidder Mathews

A panel of expert brokers serving the South Puget Sound regional market (Pierce and Thurston Counties) will provide an overview of current market conditions and trends for each of the key market sectors: office, retail, industrial, and multi-family.