The Real Estate Lenders Association South Florida Chapter kicked off the Fall Season's Welcome Back series at Americana Kitchen Loews Hotels & Co in Coral Gables. Joseph Hatzell, MAI and Tracy Courtney from our BLAKE Miami team were in the mix, mingling with industry friends and clients. Up next in the national Welcome Back series are the RELA New York and Boston chapters, and Joseph J. Blake and Associates, Inc. is thrilled to be supporting these events as RELA National Sponsors. #RELA #RealEstateLenders #Blake #Valuation #Appraisal #Advisory #Networking #Sponsors
Joseph J. Blake and Associates, Inc.
Real Estate
Melville, NY 1,172 followers
Your National Valuation Experts
About us
For more than 75 years, Joseph J. Blake and Associates, Inc. has maintained high standards as one of the country's largest independent nationwide real estate valuation and consulting firms. Our company engages exclusively in providing real estate consulting services, valuations, technical services and due diligence to the global marketplace. Our clients principally consist of lending institutions, public and corporate pension funds, insurance companies, corporations, REIT's, JREITS (Japan), government agencies, the Wall Street securitization community, rating agencies, opportunity funds, developers, investors and other fiduciary oriented clients in need of independent, third-party real estate services. Our services are available for virtually all types of commercial property. Common property types include: apartment complexes, office buildings, shopping centers, industrial parks, telecom buildings, all forms of hospitality, mobile home parks, residential developments, timeshares, senior housing, health care and other forms of special use or going concern properties. Joseph J. Blake and Associates, Inc. maintains offices in Atlanta, Boston, Chicago, Dallas, Los Angeles, Miami, New York City, Orlando, Phoenix, San Antonio, San Francisco and Washington D.C.
- Website
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http://www.JosephJBlake.com
External link for Joseph J. Blake and Associates, Inc.
- Industry
- Real Estate
- Company size
- 51-200 employees
- Headquarters
- Melville, NY
- Type
- Partnership
- Founded
- 1946
- Specialties
- Real Estate Appraisals, Real Estate Market Studies, Real Estate Consulting, and Due Diligence Services
Locations
Employees at Joseph J. Blake and Associates, Inc.
Updates
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Time's almost up! We're just a day away from the Western States CREF Conference. Catch Brian Rapela, MAI, Managing Partner in San Francisco, and Kirsten Kurth, Managing Director of Business Development & Client Relations, at the ARIA Las Vegas from September 4th to 6th. A few meeting spots are still open - don't miss the opportunity to connect with the team! Email to schedule a meeting: [email protected] #WSCREF #WesternStatesCREF #Conference #BlakeValuation #CommercialRealEstate #CaliforniaMBA #Appraisal
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We are grateful to our clients, colleagues, and friends who joined us at BLAKE's Summer Happy Hour at the Classic Car Club of Manhattan this week! Thank you for your trust and partnership-here's to continued success together! #teamwork #teamspirit #clients #thankyou #customersatisfaction #grateful #growth #professionalism #partnership #valuation #appraisal #lenders #banks #finance
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We were pleased to be part of this major $47.5M financing transaction funded by Emerald Creek Capital. Our Midwest Regional team in Chicago Michael Maglocci, MAI, CRE, MRICS, ASA,IFAS and David Handley, MAI assisted in the underwriting process by providing market data intelligence and a market value appraisal of the remaining inventory of 169 unsold condo units totaling 189,648 square feet, situated on the top floors of a newly developed 41-story tower with Chicago River frontage. We are grateful to have been of service to Emerald Creek Capital, a long-standing client. Thanks to everyone involved! Please check out the Commercial Observer for details and commentary from ECC's Christian Galanti, CFA, who originated the $47.5 million loan alongside Matt Fantuzzi and Zvi Waldman. https://lnkd.in/g5dtQZeb #clientservice #appraisal #financing #valuation #mortgage #marketdata #marketvalue
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Seattle - We're Hiring! We are currently expanding our Pacific Northwest presence and are seeking an experienced MAI appraiser to lead this charge as Managing Director in Seattle/WA. This is an exciting opportunity with tremendous upside and a well-defined path to equity ownership. Please reach out to Brian Rapela, MAI/Managing Partner over LinkedIn to learn more about this exciting position! https://lnkd.in/eknnzRFW #hiring #valuation #blake #josephjblake #teamleader #businessdevelopment #appraisal #advisory #careergrowth
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Brian Rapela, MAI, Managing Partner at our BLAKE San Francisco office, attended the IMN Distressed CRE West Forum. See below his key takeaways. BLAKE Valuation and Advisory is staying on top of the most recent nationwide market trends to ensure continued, accurate valutions! https://lnkd.in/eUCtG42r
I recently attended the IMN Distressed CRE West Forum and here are my takeaways: ● Using title companies as a leading indicator, transaction activity has picked up in the past 6 weeks ● There was a significant uptick in loan queries in Q1 ● Bank balance sheets are improving and there is significant capital available ● Industrial and multifamily continue to be the preferred investments ● A primary multifamily concern is safety/security with package and auto theft rates on the rise (a 105% increase in such theft since 2017) ● Turnover costs for multifamily are almost always underestimated and “concession hopping” is becoming more commonplace resulting in increased expenses ● Rate decreases will help but liquidity is not the only issue; the rising tide will not lift all boats ● There are long-term tailwinds regarding rent growth across most property types ● Insurance expense growth is problematic with most investors underwriting 5% to over 10% annual growth in the near term. It is becoming cost-prohibitive in a rising number of markets ($1,600 per door quoted for a FL apartment complex!) ● Overall, most sectors are generally underbuilt which will be a positive in the longer term This bodes well for the market for the remainder of the year. The overall sentiment is that capital is ready to move and the recovery is expected to be quick. The appraisers at Blake Valuation and Advisory are keeping on top of the most recent market trends to ensure continued, accurate valuations. https://lnkd.in/gEAAmcGg
The Distressed CRE West Forum
imn.org
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Our colleagues Kirsten Kurth and Kenneth Szager, MAI had a great time meeting everyone at the National Council of Real Estate Investment Fiduciaries (NCREIF) Spring converence in Phoenix! https://lnkd.in/ey9mFFuQ
Managing Director of Business Development and Client Relations | Valuation Advisory, New York City at Joseph J. Blake and Associates, Inc.
Great meeting everyone at the National Council of Real Estate Investment Fiduciaries (NCREIF)'s Spring conference in Phoenix! The conference was filled with learning, connecting, exploring, and enjoying. The main topic of discussion was AI in commercial real estate, covering risks, mitigation, reliability, system bias, data privacy, regulation, and cost. While AI is still in the experimentation phase, it will be i.e. useful for analyzing commercial leases and other long forms within the legal space. Thanks to the @NCREIF research committee, Erin Patterson (she/her), and Jacob Anderson, we also had the opportunity to enjoy an early 6AM sunrise desert group hike with gorgeous views. Shoutout to Johnny Walker for showing us around Scottsdale's and Phoenix's hottest hospitality venues! The conclusion is clear: Embrace change and you'll be happy! #NCREIF #AIinRealEstate #ArizonaDesert #RealEstateInvestment #CommercialRealEstate #Valuation #Appraisal #Research #FundManagement #PrivateEquity #JosephJBlake #BlakeValuation
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We're excited to explore how AI is shaping real estate investing and to connect with industry leaders and fellow attendees at the National Council of Real Estate Investment Fiduciaries (NCREIF) Spring Conference 2024 next week in Phoenix/AR! Meet us at the Arizona Biltmore and connect with Kenneth Szager, MAI and Kirsten Kurth. #ncreif #investment #commercialproperties #realestate #fundmanagement #funds #portfoliomanagement #capitalmarkets #analytics #privateequity #investmentinsights #machinelearning #phoenix #ai
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Connect with Michael Maglocci, MAI, CRE, MRICS, ASA,IFAS from our Midwest-Chicago office at Bisnow Chicago's Capital Markets & CRE Finance forum today at the Swissotel Chicago. https://lnkd.in/eTC2k94s
Managing Partner at Joseph J. Blake and Associates, Inc.
I'm looking forward to attending Chicago Capital Markets & CRE Finance. To join me, click here https://lnkd.in/gfwtQMgW .
Chicago Capital Markets & CRE Finance
app.ingo.me
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The Northern CA office of Joseph J. Blake & Associates is pleased to have assisted in the valuation of this major 680-Corridor asset as part of the disposition process, paving the way for another large housing development in the ever-growing San Ramon market.
Lennar and Kennedy Lewis Buy San Ramon Site for 160 Homes
therealdeal.com