Engagements

Please review previous engagements. If your company has a real estate problem, chances are good that we have addressed and solved a similar problem, so call (972) 669-4999 for a free consultation.

Litigation Support

  • Research, deposition, and courtroom testimony for cases described under specific topics of Appraisal, Appraisal Review, Assessment, Brokerage, Contract, Environmental, Lost Earnings/Profits, and Market Analysis.

Appraisal

  • Retail, industrial, office, and land.
  • A utility and an internationally renowned domed stadium.
  • One of the largest real estate portfolios in the United States.
  • Trading floor of the Chicago Mercantile Exchange.
  • An industrial facility and a church activities building in Lubbock, Texas.
  • Gasoline pipeline construction at a sensitive body of water in El Paso, Texas.
  • Assisted in negotiating price of multiple waterway crossings by cable, natural gas, and oil companies in El Paso.
  • Appraised major land portfolio in Palm Springs, CA.
  • Appraised important office building in Irvine, CA.

Appraisal Review

  • Approximately 100 reviews of appraisals on properties throughout the United States, including public utilities, hotels, apartments, land, offices, and shopping centers and malls.
  • Referee for appraisals of lease renewals by Exxon, Inc.
  • Exposed unprofessional practices of other appraisal “professionals.”
  • Reviewed appraisals by a major firm in litigation by FDIC.
  • Reviewed portfolio appraisals for retailers in bankruptcy.

Assessment

  • Provided professional assistance in successfully challenging the assessed tax valuations on land, industrial property, and apartments.
  • Contrasted accounting for inventory with inventory valuation for a major manufacturer, a parts reseller, and three large national retailers.

Brokerage

  • Prepared report on fiduciary obligation of broker to client for selling land at residential price subject to commercial rezoning.
  • Provided reports on lost earnings from injured real estate brokers.

Contract

  • Testified as to a city’s obligation to purchase a utility subject to financing provisions.

Course Development

  • Appraisal case course for the American Society of Appraisers.
  • Real estate fundamentals course for a Big Five accounting firm to offer to its real estate industry specialists.
  • Real Estate Investment course for American Institute of CPAs.

Damages

  • Caused by flood of major office building.
  • Caused by contract to build 1,000 housing units withdrawn.

Environmental

  • Conducted preliminary investigations as to asbestos awareness within office buildings.
  • Determined stigma associated with proximity to landfills.
  • Provided research and testimony on behalf of a major oil company concerning gasoline leak migration to shopping center.

Finance

  • Reviewed portfolios of major institutional real estate investors.
  • Estimated damages due to disregard of loan commitments on the World Financial Center, a trophy office building in New York, known worldwide.
  • Performed cash equivalent analysis for major hotel in California at above-market price and below-market municipal revenue bond financing.
  • Provided testimony concerning financing available for shopping center in Louisiana.

Land Use

  • Demonstrated for a city how 7,000 acres of land within a major airport would have been developed if not for the airport.
  • Report on value and use of property subject to partial condemnation.

Lost Earnings/Profits

  • Estimated present value of lost earnings due to personal injury.
  • Estimated present value of lost profits of retail businesses due to street construction in the Dallas Central Business District.
  • Estimated lost profits to apartment rehabilitator in lender liability dispute.
  • Report on value of services in zoning and annexation efforts.

Market Analysis

  • Performed market analysis of six apartment complexes in Dallas area for a major REIT.
  • Performed market analysis of planned unit developments in Fort Worth and San Antonio.
  • Performed market analysis of an office building in the Houston Central Business District.

Misappropriation of Investment Funds

  • Research and report on the syndication of the Madison, a landmark New York office building, by Prudential Bache.
  • Research and report on certain land flips in Texas under litigation by RTC.

Taxation

  • As subcontractor of a HUD grant to a major university to understand residential leaseholds, conducted extensive research that resulted in the introduction of a tax bill by Senator Inouye of Hawaii.
  • Co-authored the unique Dictionary of Tax Terms and Barron’s Guide to Tax Terms, published by Barron’s Educational Series.
  • Analyzed umbrella REIT taxation of basis carryover, services provided, and retention of REIT status in case involving enterprise value of regional mall.

Teaching

  • Taught two courses for the World Bank in Russia; for the American Society of Appraisers in Slovenia; and in various U.S. cities.
  • Taught two courses as adjunct professor, Southern Methodist University.
  • Featured as speaker for graduates of University of Minnesota–St. Cloud.

Terminology

  • Applied definition of the term redevelopment from co-authored dictionary to lease application.

Writing

  • Prepared new editions of nine books in five years, including three business-section best sellers.
  • Added six new titles in five years.

Zoning

  • Report concerning highest and best use of property downzoning from apartments to single family.

 


Jack P. Friedman, Ph.D., CPA, ABV, MAI, ASA, CRE, FRICS
1147 Park Avenue
River Forest, IL  60305
Tel: (708) 657-4264


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