Fall Conference 2019 Reference

Friends of the Conference
  • Thank you Steve Price, MAI for becoming a Friend of the Conference!
  • Thank you Barbro Hines, MAI, SRA for becoming a Friend of the Conference!
  • Thank you Chad Johnson, MAI for becoming a Friend of the Conference!
  • Thank you Matt Minarch, MAI for becoming a Friend of the Conference!
  • Thank you Mitch Olsen, MAI for becoming a Friend of the Conference!
  • Thank you Mike Rock for becoming a Friend of the Conference!
  • Thank you Lauren and David Hunnnicutt, MAI, AI-GRS for becoming Friends of the Conference!
  • Thank you Jim & Elly Walker for becoming Friends of the Conference!
  • Thank you Mark S Roberts for becoming a Friend of the Conference!
  • Thank you Vincent Healy, SRA for becoming a Friend of the Conference!
  • Thank you Michelle Wade & Shannon Tiegs for becoming a Friend of the Conference!
  • Thank you Mark Thurston, MAI for becoming a Friend of the Conference!
  • Thank you Todd Henderson, MAI, AI-GRS, MRICS for becoming a Friend of the Conference!
  • Thank you Brian Vincent, MAI, AI-GRS for becoming a Friend of the Conference!
  • Thank you David Beck, MAI, AI-GRS for becoming a Friend of the Conference!
{"effect":"fade","fontstyle":"normal","autoplay":"true","timer":4000}

The 2019 FALL REAL ESTATE CONFERENCE IS NOW COMPLETE.

Looking forward to Seeing you at:

2020 FALL REAL ESTATE CONFERENCE

October 9th, 2020

WASHINGTON STATE CONVENTION CENTER

2019 Highlights

SEPTEMBER 27TH, 2019

WASHINGTON STATE CONVENTION CENTER

[tab title=”Keynote Speakers”]

2019 Keynote Speakers

Steve Williams

Executive Managing Director

Real Capital Analytics

Originally from Liverpool in UK, Steve is Executive Managing Director of NY-based global data provider Real Capital Analytics. In this role, he divides his time between the USA, Europe and AsiaPac advocating market transparency as a catalyst to inward capital investment.
Steve is a Past President of the Royal Institution of Chartered Surveyors and currently sits on its Management Board. He frequently guest lectures at Universities and edits for several peer-reviewed publications. He is a Board member of the International RE Society (IRES) and a former Chair of the Appraiser Qualifications Board.  In his earlier career, Steve was an MAI with his own appraisal practice, Williams Appraisers, in North Carolina.  Steve is a Freeman of the City of London. Last year he authored Grumps Guide To London, a humorous but informative guide for first-time visitors.

 

Matthew Gardner

Chief Economist

Windermere Real Estate

Mr. Gardner is responsible for analyzing and interpreting economic data and its impact on the real estate market on both a local and national level. Matthew has over 30 years of professional experience both in the U.S. and U.K.
In addition to his day-to-day responsibilities, Matthew sits on the Washington State Governors Council of Economic Advisors; chairs the Board of Trustees at the Washington Center for Real Estate Research at the University of Washington; and is an Advisory Board Member at the Runstad Department of Real Estate at the University of Washington where he also lectures in real estate economics.
Matthew is one of a select number of economists who provide their housing market forecasts to Reuters for their U.S. Housing Market Poll and he also participates in Zillow’s Home Price Expectation Survey.
Matthew received his undergraduate degree from St. Johns College, Oxford where he read economics and he holds graduate degrees in economics & econometrics from the London School of Economics.

 

[/tab]
[tab title=”2019 Session Highlights”]

2019 Session Information

Take a Look at what was offered in the Sessions.

 

Early Morning Sessions | A, B, C, D | 9:00 AM – 10:30 AM

A. Commercial/Office: Office Market Indicators: Where are we now and where are we headed?

Commercial/Office: Office Market Indicators: Where are we now and where are we headed?

Session Summary

Current state of the market, comparisons of regional market to comparable national markets, what/who are the biggest influencers, what do current trends suggest about where we are and where we are headed, what market indicators might an appraiser look at when determining the condition of the market?

Presenters:

Julian Rondello (Moderator), Senior Appraiser, McKee Appraisal

Cavan O’Keefe, Senior Managing Director, Newmark Knight Frank (NKF)

Laura Ford, Executive Vice President, Colliers International

Will Frame, Vice President, Kidder Mathews

B. Residential Emerging Density – Accessory Dwellings (ADUS/DADUS)

Residential: Emerging Density – Accessory Dwellings (ADUS/DADUS)

Session Summary

ADUS/DADUS are growing in popularity as owners and builders try to increase living units to meet demand. Builders, Architects, designers and planners sill discuss costs regulations, the permit process, current legislation and design options.

Penny S. Crowe, SRA (Moderator), Owner, Crowe Appraisal Company

Presenters:

Karen DeLucas, Lead Designer, Ross Chapin Architects

Stefan Hansmire, Owner, Hansmire Builder

Sheri Newbold, Owner, live-work-play

Bruce Parker, Owner, microhouse

Sage K. Saskill, Architect/Owner, S.A.G.E. Designs NW Architecture Studio Incorporated

C. Legal: “Floating Easements” – Fact or Myth

Legal: “Floating Easements” – Fact or Myth

Session Summary

This presentation will explore the genesis of what is referred to as floating easements which distinguish periods of active versus inactivity and if there is actual market evidence that such easements exist.

Presenter:

KINNON W. WILLIAMS, Inslee Best

D. US Appraisal Standards and how they relate to global standards (International Valuation Standards)

US Appraisal Standards and how they relate to global standards (International Valuation Standards)

 Session Summary

The session will have the top executive directors from the Appraisal Foundation, and from the International Valuation Standards Council.  The presentation will be on how the US standards relate to the global standards, and how they differ.  What to do if a client calls out an international standard, and how to comply.

Scott Biethan, MAI, CRE FICS, (Moderator) McKee Appraisal and Consulting

Presenters:

James Gavin, Managing Director, Real Estate Advisory Group, Duff & Phelps, LLC

Tom Boyle, MAI, Chief Appraiser, U.S. Bank

Late Morning Sessions | E, F, G, H | 10:45 AM – 12:15 PM

E. Industrial: Regional and Local Industrial Market – Demand Still High, While Growth Expands South

Industrial: Regional and Local Industrial Market – Demand Still High, While Growth Expands South

Session Summary: The regional and local industrial market explored through the perspective of active market participants.  Learn about specific industrial markets and how the ever-changing city landscape affects the overall industrial market. Panelists will discuss current and anticipated market 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.

Mitch Olsen, MAI (Moderator) Vice President, CBRE, Seattle, WA

Presenters:

Jim Kidder, SIOR, Senior Vice President, Kidder Mathews

Justin Carlucci, Partner, Bridge Development Partners

Tom Wilson, Director, Cushman & Wakefiled/Commerce office

Jeff Forsberg, Principal- CCIM, NAI Puget Sound Properties

F. Appraisal Aerial Inspection using a drone

Appraisal Aerial Inspection using a drone

Session Summary

This case study involves an appraisal assignment where airspace approval is required for an aerial inspection. Different information, resources and apps will be discussed to perform a successful drone operation. Topics to be discussed include: Registering the drone, Airspace Classification, LAANC, weather, NOTAM (Notice to Airman), remote pilot certification, operational rules for commercial real estate operations, Part 107 FAA knowledge exam and safety training class.

Presenter: Lamar H. Ellis, MAI, SRA, President, Drone Education Services

G. Legal: Environmental Conditions and Their Potential Impacts on Property Value: Taking a Critical Look

Legal: Environmental Conditions and Their Potential Impacts on Property Value: Taking a Critical Look

Session Summary

The presentation will cover the impact of the presence of critical areas and contamination on a property and potential development solutions for both. We will engage in a deep dive into critical areas ordinances in various jurisdictions across the state and their potential effects on development. The presentation will also include case studies and an overview of takings analyses. Additionally, we will examine the effect of contamination on properties, the potential liability involved, and an overview of the path to cleanup.

Learning Objectives

  • Increase knowledge of jurisdiction specific regulations and their impact on property development
  • Review case studies on critical areas ordinances in various jurisdictions
  • Increase knowledge of environmental contamination clean up processes, liability, and potential solutions

Presenters:

Rosemary Boelens, Attorney, Phillips Burgess PLLC

Kent Van Alstyne, Attorney, Phillips Burgess PLLC

H. Opportunity Zones

Opportunity Zones

 Session Summary

This session will provide insight into opportunity zones, and how they attract a specific kind of investors, and how they can transform a given area.  Discuss investor opportunities within Opportunity Zones and how CityBldr proprietary software can overlay maps of Opportunity Zones with local municipality zoning maps, then identify the Highest & Best Use of the site and then connect the ideal improvement with the ideal investor.

Mari Sorenson, MAI (Moderator) Principal, McKee Appraisal

Mari joined McKee Appraisal in 2008.  She has performed appraisals on a variety of property types including all main stream commercial segments, multifamily properties, and special purpose facilities, as well as vacant commercial and residential land.  Appraisal assignments have included new and proposed construction, assemblage value, condominium sell-off, market rent arbitration, appraisal review, appraisal consulting, and eminent domain appraisal involving full and partial acquisitions and valuation of both temporary and permanent easement rights.  She graduated Magna Cum Laude from Cornell University in Ithaca, New York with a Bachelor of Science degree in Communication.

 Presenters:

Brendan McAuliffe, MPAcc, Senior Manager, Berntson Porter & Company, PLLC

Bryan Copley, CEO and Co-founder at CityBldr

Early Afternoon Sessions | I, J, K, L | 1:45 PM – 3:15 PM

I. Retail: 20/20 Retail in Focus

Retail: 20/20 Retail in Focus

Session Summary

This session will provide a summary of market trends in 2019 and focus on where we are headed into 2020. Retail has faced many challenges in the past decade, from tenants downsizing space requirements, increases in online shopping, and national bankruptcies that have plagued many shopping centers with the loss of their anchor tenants. What are landlords doing to combat these issues? What will future retail shopping centers look like? What can landlords expect when it comes to splitting vacant boxes and how to deal with potential dead space? New centers are obtaining sizable rents from national tenants; how can B centers compete? Where is the retail market headed into 2020?

Chris Mealy, MAI, MRICS, ASA (Moderator) Senior Vice President, Newmark Knight Frank (NKF)

Presenters:

Daniel Tibeau, MAI, Associate, CBRE

Alan Prince, CFO, Visconsi Companies

Erinie Velton, JSH Properties

Connor McMahon. Broker, First Western Properties

J. Residential: Green Building – Finance to Construction A Panel Discussion

Residential: Green Building – Finance to Construction A Panel Discussion

Session Summary

This Panel discussion will cover a wide range of Green Building topics from top industry professionals. Topics range in scope from Energy Efficient Mortgages to statistics on recouping investment. Green building is a hot topic in the real estate industry and includes a variety of rules and regulations to navigate, including; new houses and renovating older home, zoning changes, HERS ratings and net zero energy homes. Each professional on this panel will bring a unique perspective to cover all aspects of Green Building.

Penny S. Crowe, SRA (Moderator), Owner, Crowe Appraisal Company

Presenters: 

Daimon Doyle, MCGP, GMB, CGP, CAPS, Product Development Manager, Lexar Homes

Sam Lai, Co-Founder, Board of Directors & Chief Acquisitions Officer, Green Canopy Homes

Dave Porter, Sales Manager, Loan Depot

K. Stories from the Trenches: What an Appraiser Should Know About Larger Parcels and the Unit Rule

Stories from the Trenches: What an Appraiser Should Know About Larger Parcels and the Unit Rule

Session Summary

This presentation will have a panel discussion format with condemnation attorneys. Audience members are encouraged to ask questions of the panel. The purpose of this session is to gain tips to guide the appraisers through the valuation process.

Presenters:

Jacqualyne J. Walker, attorney at Miller Nash Graham & Dunn

Amber Louis, attorney at Miller Nash Graham & Dunn

Tara O’Hanlon, attorney at Miller Nash Graham & Dunn

L. Market Disruptors

Market Disruptors

Session Summary

What is causing real estate markets to change?  We will be looking at emerging trends in the real estate market and what is causing disruption and change.  Property tech, Airbnb and other market disruption trends.

Presenters:

Scott Biethan, MAI, CRE FICS, McKee Appraisal and Consulting

Stacy W. Marchesano, Attorney, Garvey Shubert Barer

Simon Stevenson, Chair of the Runstad Department of Real Estate, University of Washington

Steve Williams, Executive Managing Director, Real Capital Analytics

Late Afternoon Sessions | M, N, O | 3:30 PM – 5:00 PM

M. Multifamily Discussion Panel

Multifamily Discussion Panel

 Session Summary

The Multifamily Session will include speakers from various sides of the multifamily world. Armand Tiberio leads the Affordable Housing Team with CBRE and will speak on the current status of affordable housing transactions and where the affordable housing market is headed. Ben Johnson is a top broker with Berkadia. Ben will speak on the current state of the institutional multifamily market with respect to cap rates and trends in that sector. George Petrie is CEO of Goodman Real Estate. George will speak on the current multifamily development cycle and where Seattle is headed with respect to new construction. Lastly, Dan Piantanida is with GP Realty. GP Realty is one of the largest Mortgage Brokers in the Puget Sound area. Dan will speak some on the financing markets as they relate to multifamily. Dan will also speak on his specialty, which is Micro Housing. This relatively new market niche has become a very large portion of the construction of the multifamily market over the last decade. Dan will be speaking on the dynamics of Micro Housing and its position in the market.

John A. Campbell, MAI, CMI, (Moderator) Senior Valuation Services Director, Colliers International

Presenters:

George Petrie, CEO, GRE

Armand Tiberio, Vice Chairman, CBRE Affordable Housing

David Sorensen, Senior Director, Berkadia Investment Sales

Dan Piantanida, Principal, GP Realty Finance, Inc.

N. Residential Metro Study: Economic Impacts on Residential Housing, Current Trends and Market Forecasts

Residential Metro Study: Economic Impacts on Residential Housing, Current Trends and Market Forecasts

 Session Summary

Learn how national and local economics affect the residential housing market.  This industry expert will also provide an in depth look at new construction focusing on the Puget Sound area including market history, inventories, pricing, and current trends relating to lot size, design, quality and amenities.  Other topics will include the resale market, in-fill development, home ownership rates, housing affordability, market forecasts, and are we poised for a repeat of 2008.

Presenter: Todd Britsch, Economist – Metrostudy Regional Director

O. The Value of What: Getting the Ownership Rights Right in Real Property Appraisals

The Value of What: Getting the Ownership Rights Right in Real Property Appraisals

Session Summary

In recent years, the concept of the estate in the real property being valued has given rise to heated debates among appraisers, property tax lawyers, and assessing authorities. The issue also arises in the context of loan underwriting and eminent domain where fee simple appraisals are common. The Appraisal of Real Estate has long featured a discussion of the subject in the context of “the bundle of rights.” On March 1, 2019, the Appraisal Institute issued an Exposure Draft of Proposed Guide Note on this topic. In May, 2019, the International Association of Assessing Officers (IAAO) Fee Simple Task Force released for exposure its paper, “Setting the Record Straight on Fee Simple.” This session provides recommendations in light of the latest developments in this area for those working with “fee simple” appraisals.

Presenters:

Michelle DeLappe, Attorney/Principal, Garvey Schubert Barer

Stephen Davis, Attorney/Shareholder, Greenberg Traurig

[/tab]

 

 

[/tab]

[tab title=”Registration”]

Registration is Open!

Register Individual

Register Presenter

Register Group

Each attendee is responsible for reading the “Attendance Requirements for CE Credit” information outlined below and adhering to the listed requirements.

If you are a presenter, committee member, or a sponsor using a free registration, please email aisea@qwestoffice.net for registration promo code.

GROUP REGISTRATION

Sign up by September 28 – $225 per person
After September 28 – $250 per person

Available for 4 or more individuals registering together. Group registrations are not refundable. Substitutions allowed.

Please submit registration information online then contact the office with payment information (at this time it is not possible for you to make your payment online directly).  You may also submit registration and payment via postal mail. If your group is paying using multiple cards/checks, you MUST submit all payment info AT ONE TIME. Please do not have your group attendees contact us individually. Mail-in forms must be postmarked by September 14 to allow time for receipt and processing (mail-in registrations after that date cannot be guaranteed). After September 14, please register online.

INDIVIDUAL REGISTRATION

Sign up by September 21 – $250 per person
After September 21 – $300 per person

Register online if paying with a credit card or complimentary registration, or by postal mail if paying by check. Mail-in forms must be postmarked by September 14 to allow time for receipt and processing (mail-in registrations after that date cannot be guaranteed). After September 14 please register online.

OTHER REGISTRATIONS & DONATIONS

Government Group Registration

For government employee group rates (for 4+ government employees) please contact the chapter office.

Friend of the Conference Donation – $100

Donate online with credit card or by postal mail with check. Every visitor to our chapter website will see your name listed as a Friend of the Conference, as will every attendee at the conference itself. DOES NOT INCLUDE CONFERENCE REGISTRATION.

IMPORTANT INFORMATION

Attendance Requirements for CE Credit

To receive CE credit for this event, attendees MUST be present and sign and initial the sign-in sheets for ALL of the following:

  • 8:00AM breakfast speaker presentation
  • 1 Early AM session
  • 1 Late AM session
  • 1 Early PM session
  • 1 Late PM session

ATTENDEES WILL SIGN AND INITIAL A TOTAL OF FIVE (5) TIMES. 

If an attendee fails to sign ALL FIVE (5) sheets, we CANNOT give credit. Attendees are individually responsible for making sure they sign each sheet. Students should not be late or leave early; if they are late or leave early, they WILL NOT receive credit. Partial credit is not available.

100% attendance is required for all Appraisal Institute education programs. This follows Appraiser Qualifications Board minimum criteria requirements. A “classroom hour” is defined as 50 minutes out of each 60 minute segment. A 10-minute break per hour is allowed and a student would meet the 100% attendance requirement.

Cancellation Policy

Written cancellations received by Friday, September 28 are subject to a $45 cancellation fee. We regret that refunds cannot be made for cancellations received after that date; however, substitutions may be made up until the morning of the conference.

Group registrations are non-refundable; however, substitutions for group registrants may be made up until the morning of the conference. Contact the chapter office at (206) 622-8425 or aisea@qwestoffice.net to make a substitution.

Contact Information

E-mail to:
aisea@qwestoffice.net
Mail to:

Appraisal Institute
c/o HomeStreet Bank
8050 15 th Avenue NW
Seattle, WA 98117

Mail-in items must be postmarked no later than September 14 to allow time for receipt and processing. Registrations mailed after September 14 cannot be guaranteed.

After September 14 please register online or by contacting the chapter office directly at (206) 622-8425 or aisea@qwestoffice.net

Confirmations

All registered attendees will receive an e-mail confirmation one week prior to the conference reminding them of their session choices and the event schedule.

Full conference tuition fee includes conference handout materials, continental breakfast, lunch, refreshments, and admission to post-conference reception. 

Disclaimer

We reserve the right to substitute speakers or panelists due to circumstances beyond our control. If you have a disability and may require some accommodation, please notify us in writing at least two weeks in advance and we will arrange for reasonable accommodation.

[tab title=”  Details & Specifics  “]

Date

Friday September 27, 2019

Schedule

7:00 – 8:00 AM
Registration/Continental Breakfast

8:00 AM
Morning Keynote Speaker*

9:00 AM – 12:15 PM
Morning Sessions*

12:15 PM
Luncheon Keynote Speaker

1:45 – 5:00 PM
Afternoon Sessions*

5:00 – 6:30 PM
Post Conference Networking Reception

*Attendance and sign-in at these sessions is required in order to receive CE credit.

Location

Washington State Convention & Trade Center
Sixth Floor
800 Convention Place
Seattle, WA 98101-2350

Click here for parking directions & information
Click here for floor plan of the 6th floor

Other Important Information

Attendance Requirements

To receive CE credit for this event, attendees MUST be present and sign and initial the sign-in sheets for ALL of the following:

  • 8:00AM breakfast speaker presentation
  • 1 Early AM session
  • 1 Late AM session
  • 1 Early PM session
  • 1 Late PM session

ATTENDEES WILL SIGN AND INITIAL A TOTAL OF FIVE (5) TIMES. 

If an attendee fails to sign ALL FIVE (5) sheets, we CANNOT give credit. Attendees are individually responsible for making sure they sign each sheet. Students should not be late or leave early; if they are late or leave early, they WILL NOT receive credit. Partial credit is not available.

100% attendance is required for all Appraisal Institute education programs.  This follows Appraiser Qualifications Board minimum criteria requirements. A “classroom hour” is defined as 50 minutes out of each 60 minute segment. A 10-minute break per hour is allowed and a student would meet the 100% attendance requirement.

Continuing Education Credit

Washington – 7 hours CE  – APPROVED
Idaho – 7 hours CE – APPROVED
Oregon – 7 hours CE – APPROVED
Alaska – 7 hours CE – APPROVED

As a reminder, partial credit is not available. Please see Attendance requirements above.

Certificate Policy

The Seattle Chapter aims to distribute attendance certificates for chapter-developed events such as this within approximately one week of the end of class. As a reminder, partial credit is not available. Please see Attendance requirements above.

If you need your certificate expedited, you must let the chapter office know prior to the start of the conference so that arrangements can be made.

WA Bar Association CLE Credit

Attendees may seek individual credit from the WA State Bar Association.

Session Presentations

Subject to presenter approval, session PowerPoint presentations will be made available online following the Fall Real Estate Conference. Not all sessions may be made available.

[/tab]

 

UA-59925310-1