Duane Burress is a senior research analyst with Newmark Valuation & Advisory. Based in the firm’s New York headquarters, Mr. Burress has participated in the value conclusions of hundreds of assets, including development sites and commercial, residential and community facility properties. He contributes high-level support in feasibility studies, rental reset reports, partial interest valuations, lost profits damage cases, retrospective valuations, urban renewal, and corporate and government planning projects. He has prepared broker’s opinion of values of fee simple interest, air rights transactions and credited market studies.
In addition, Mr. Burress has consulted in dozens of litigious matters for private, corporate and governmental clients, including air rights mechanisms used and/or proposed by the city of New York.
Mr. Burress has been with the firm for three decades. During this time, he has successfully created comprehensive databases for the company, including one of the largest land sales analysis databases in the New York City metro area. He is familiar with multiple commercial real estate databases, including those provided by national tech companies.
Well versed in New York City land values, air rights and zoning matters, Mr. Burress provided advisory services for the East Midtown zoning study of transferable development rights and for eminent domain assets on East 125th Street for the New York Law Department/New York City Economic Development Corporation. He also prepared studies for the Hudson Yards Redevelopment Agency on transferable development rights. Other New York City highlights include consulting to the New York City Economic Development Corporation, in addition to advising on the East Midtown rezoning proposal; Pacific Park (formerly known as Atlantic Yards) in Brooklyn; Queens West master-planned development; and on 155 apartment and commercial buildings held by Columbia University.
Mr. Burress has successfully completed real estate salesperson coursework.