Joseph D. Pasquarella, MAI, CRE, FRICS, is senior managing director and market leader for the Philadelphia office of Newmark’s Valuation & Advisory services platform. In this role, Mr. Pasquarella provides leadership of the valuation and advisory services operations as well as business development and oversees a team of appraisers with a market area that includes the eastern half of Pennsylvania, the southern half of New Jersey and Delaware.
Mr. Pasquarella has led numerous teams of experts in the valuation of portfolios of multiple properties throughout the United States. He has extensive experience in the valuation of major retail and office buildings, warehouse and distribution facilities, multifamily residences, parking garages, hotels and vacant land. Mr. Pasquarella’s clients have included life insurance companies, financial institutions, investors, developers, pension fund advisors, law firms, accounting firms, Fortune 100 companies and government entities at all levels. In addition to appraisals, feasibility studies and portfolio valuations, Mr. Pasquarella has provided expert testimony for general litigation, ad valorem assessment appeals, bankruptcy and land development.
Actively engaged in real estate valuation since 1973, Mr. Pasquarella began his real estate career in the real estate investment department of the Prudential Insurance Company of America. In 1980, he formed his valuation and advisory firm, which focused on the valuation of major investment properties for leading financial institutions and feasibility studies for major development properties. Mr. Pasquarella also served from 1999 to 2013 as an adjunct assistant professor of Real Estate at Temple University’s Fox School of Business. He was a founder of Integra Realty Resources and served on its board of directors from 1999 to 2013.
- MAI designation, Appraisal Institute
- CRE designation, the Counselors of Real Estate
- Fellow, Royal Institute of Chartered Surveyors (FRICS)
- General appraiser, Commonwealth of Pennsylvania, states of New Jersey and Delaware
- Licensed associate real estate broker, Commonwealth of Pennsylvania
Additionally, Mr. Pasquarella is qualified as an expert witness in U.S. Bankruptcy Court; the Courts of Common Pleas in Montgomery and Philadelphia counties; and the Boards of Assessment Appeals in Bucks, Chester, Delaware, Montgomery and Philadelphia counties. Mr. Pasquarella is currently serving his second four-year term as chairman of the Pennsylvania Board of Certified Real Estate Appraisers.
Mr. Pasquarella earned his Master of Science degree in real estate from the Wisconsin School of Business at the University of Wisconsin-Madison and his Bachelor of Business Administration degree in real estate from the Richard J. Fox School of Business and Management at Temple University. He has also successfully completed numerous real estate and valuation courses and seminars sponsored by the Appraisal Institute, accredited universities and others.