Landauer Valuation & Advisory, a division of Newmark Grubb Knight Frank (NGKF), announced that it has opened its office in Washington, D.C, headed by valuation expert Dennis Duffy, MAI.
Mr. Duffy was previously a founding principal with RCDH & Co., a firm he successfully managed since 1990. As part of Landauer, Mr. Duffy and his team will leverage NGKF’s national platform to access information and a broad array of services and solutions for clients focused in the Washington and mid-Atlantic region.
“Our professionals have become the appraisers of choice in Washington’s high-stakes transactions market, and have an unrivaled history of valuing assets in landmark deals throughout the metropolitan area’s submarkets,” Mr. Duffy said. Key executives in the Washington office include Bill Bott, CFA, Joe Buttarazzi, MBA, and Tony Miller.
The Washington team’s recent valuations include The Homer Building, Washington Harbor, Tysons Center Mall, 812 North Moore St. (Rosslyn), the Science Applications International Corp. (SAIC) headquarters, and Penrose Square Apartments, as well as highly complex valuations of unique properties including most of Pentagon City, many of the major land PUDs around D.C. Metro, and a planned unit development adjacent to John Hopkins Hospital in Baltimore.
“As part of Landauer Valuation & Advisory, we now leverage the experience and resources of a national platform, enabling us to better serve our clients here and to extend their reach with the same quality and level of service in the other markets in which they do business,” Mr. Duffy said.
For more than two decades, Mr. Duffy has valued some of the D.C.-area’s highest profile real estate across the spectrum of commercial property types. He has served as an expert witness on property cases before the D.C. Superior Court and other judiciary bodies in the region, and has taught the skills of his trade at the Real Estate Institute of New York University and at the Appraisal Institute.
Landauer Executive Managing Director Jerry Sanders, MAI, MRICS, said, “Everyone from investors to lenders and lawyers in the Washington area seeks out Dennis Duffy’s team to deliver accurate valuations that will stand up to rigorous scrutiny. The firm was the obvious choice for Landauer’s entry to the market and fits our strategic plan to selectively build comprehensive, local-market expertise in all major markets.”
Jimmy Kuhn, NGKF president and head of NGKF Capital Markets, said the company’s expanding platform is creating employment opportunities in Washington and other markets across the country, both in the valuation group and in other capacities at NGKF.
“We have a superior organization and the best tools available, and we are actively recruiting professionals who can put those resources to work for our clients,” Mr. Kuhn said.
Before launching RCDH & Co., Mr. Duffy worked as a principal for national real estate appraisal firm Joseph J. Blake & Associates, where he served as regional manager for the Northeastern U.S. and then created the company’s D.C. office. He had previously worked as a vice president in the appraisal department of William A. White & Sons in New York City.
NGKF added Landauer’s commercial real estate appraisal and valuation consulting expertise to its extensive list of client services in 2012. The new Landauer Washington office will provide valuation, research and specialty consulting for institutional and non-institutional commercial real estate and will support the company’s portfolio valuation practice. The capital-area team enjoys a robust business on the transaction side of valuation, supporting buyers and sellers of commercial properties, and operates a specialty practice focused on data centers.
About Landauer Valuation & Advisory
Landauer Valuation & Advisory, a division of Newmark Grubb Knight Frank, provides appraisal, valuation and consulting services to REITs, pension funds, insurance companies, investment advisory and management companies, special servicers, corporations, owners and investors, developers, nonprofit organizations and government agencies, attorneys and financial institutions. Founded in 1946, Landauer is one of the longest lasting and most respected brands in the commercial real estate appraisal and specialty consulting industry.
With regional hubs in Miami, Los Angeles, Chicago, New York, Atlanta and Washington, D.C., Landauer Valuation & Advisory offers single asset and portfolio valuations; market analysis and feasibility studies; partial interest valuations; and lease, cost and debt analysis, for all types of commercial real estate, including multifamily, office, industrial, retail, hotels and resorts, special purpose, and vacant land. Structured around the most current and accurate data available, state-of-the-art technology and proprietary systems, Landauer professionals consistently work with sophisticated real estate clients to deliver objective and insightful solutions to the most complex real estate problems in the marketplace.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank (NGKF) is one of the world’s leading commercial real estate advisory firms. Together with its affiliates and London-based partner Knight Frank, NGKF employs more than 11,000 professionals, operating from more than 340 offices in established and emerging property markets on five continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. Its integrated services platform includes leasing advisory, global corporate services, investment sales and capital markets, consulting, program and project management, property and facilities management, and valuation services. A major force in the real estate marketplace, NGKF serves the local and global property requirements of tenants, landlords, investors and developers worldwide. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc. (NASDAQ: BGCP), a leading global brokerage company primarily servicing the wholesale financial and real estate markets. For further information, visit www.bgcpartners.com.