Joseph Calvaneso joined Newmark Valuation & Advisory in 2019 and serves as a first vice president and the multifamily group leader for Michigan. Joseph has a decade of appraisal experience and has valued scores of properties within the core retail, office, industrial and multifamily property types as well as a wide variety of special-use properties.
Joseph has focused on the retail and multifamily sectors for the past several years. Within retail, he has appraised the full spectrum, from existing and proposed build-to-suit single-tenant net lease assets to shopping centers greater than 300,000 square feet. Additionally, his demonstration of knowledge requirement was for a multi-tenant retail shopping center. Joseph’s multifamily experience is just as vast, including existing and proposed market-rate housing, subsidized and LIHTC properties, student housing, and senior independent living facilities.
Although focused primarily in Michigan and the Midwest, Joseph has appraised, consulted or analyzed real estate in 13 states and Europe. He has provided guidance and opinions of value under a variety of scenarios, including market, insurable, disposition, liquidation, investment and go-dark values for acquisitions, dispositions, speculative development, build-to-suit development, distressed assets, fundamental market analyses, and completion and stabilization scenarios, among others.
Licenses and Designations
- MAI designated member, Appraisal Institute
- Certified general real estate appraiser, state of Michigan (License # 1201074008)
Joseph graduated with honors from Oakland University, where he earned a Bachelor of Science degree in finance. More recently, he completed the requirements of the Appraisal Institute’s continuing education program.