Douglas L. Nickel, MAI, FRICS, serves as an executive vice president with Newmark’s Valuation & Advisory practice in Wilmington, Delaware. Actively engaged in real estate valuation and consulting since the mid-1980s, Mr. Nickel has expertise in valuation and counseling on all major types of real estate, including commercial, industrial, office, mixed-use, multihousing and special-purpose properties, with particular expertise in the valuation of investment-grade real property. He has performed specialized real estate valuations on air rights and avigation easements; cold storage/refrigerated facilities; sand, gravel and rock quarries; golf courses; sports facilities and fieldhouses; self-storage facilities; student housing; and road racing facilities. Mr. Nickel’s clients have included investment firms, law firms, lenders, corporations, private investors, institutions and public agencies. He has performed valuations for financing, equity participation, due diligence, condemnation, right-of-way acquisitions and litigation support. Mr. Nickel has also completed valuations and market studies for proposed, partially constructed, renovated and existing structures.
Prior to joining Newmark, Mr. Nickel served as a senior managing director in the Wilmington, Delaware office of Integra Realty Resources. Newmark acquired the Wilmington office and several other IRR offices in 2017.
PROFESSIONAL AFFILIATIONS:
- Member, Delaware Council on Real Estate Appraisers (state licensing board), 2013 - 2019
- Chairman, 2016 - 2019
- Vice chairman, 2015 - 2016
- Member, Appraisal Institute (MAI)
- Board of directors, Delaware chapter, 2009 - 2013
- President, Delaware chapter, 2007 - 2008
- Member, Delaware Association of Appraisers
- Board of directors, 2010 - 2013
- President, 2010 - 2012
- Fellow, Royal Institute of Chartered Surveyors, Fellow (FRICS)
- Certified general real property appraiser, state of Delaware
- Certified general appraiser, Commonwealth of Pennsylvania, state of Maryland, state of New Jersey (inactive)
Mr. Nickel is also qualified as an expert witness in U.S. Bankruptcy Court (Eastern District of Pennsylvania, District of Maryland, District of New Jersey), U.S. District Court (Eastern District of Pennsylvania, Southern District of Florida), State of Delaware Court of Chancery, State of Delaware Superior Court and New Jersey Tax Court, as well as in various local courts and boards.
A frequent guest speaker at meetings of appraisal and civic organizations, Mr. Nickel most recently took part in a panel discussion at the March 2017 meeting of the REAL Professionals Network for senior-level commercial real estate professionals. In 2015, Mr. Nickel discussed condemnation and the valuation process as a member of a panel convened by the environmental law firm of Archer & Greiner. Two years earlier, he was a co-speaker on motorsports facility valuation issues at AI Connect, the Appraisal Institute’s annual meeting.
Mr. Nickel regularly lends his expertise to academic and professional associations. Most recently, he served as a panelist on the assessor oral examinations board of New Castle County, Delaware. Mr. Nickel also was a guest lecturer on real estate finance at the University of Delaware in 2014, 2015 and 2016. In 2014, he was a guest lecturer on real estate capital markets at Villanova University.
Mr. Nickel earned a Bachelor of Arts degree in economics from the University of Richmond. He also has successfully completed numerous real estate and related courses and seminars sponsored by the Appraisal Institute and others.