Appraisals
Featured Projects
McKool Smith of Dallas – Lake Las Vegas
Services: Retroactive Market Analyses/ Appraisal/ Expert Testimony
Location: Las Vegas, Nevada
Lake Las Vegas is a large master planned community in Henderson, Nevada. The community was planned for three golf courses, casinos, hotels and a variety of home types. The developer created a master plan that was not supported in the marketplace, but the developer obtained a $500,000,000 loan and dispersed the funds, leaving the project insolvent. The law firm of McKool Smith of Dallas, retained THK Associates, Inc. to prepare retroactive market analyses and appraisals for all the land uses, private and public golf courses, significant resort/residential uses, hotel, and retail commercial uses, to demonstrate the lack of market support and overvaluation of the community by their appraisers. Depositions were given and the case settled before trial. THK’s market feasibility and appraisal resulted in a very substantial settlement for the client.
HROP Law
Services: Appraisal/Expert Testimony
Location: Weld County, Colorado
THK Associates, Inc. represented seven landowners as an expert for HROP Law. The seven properties were being condemned by the Burlington North Santa Fe Railroad for a multi-modal container terminal rail facility. THK provided appraisals and assessments of damages, when applicable, for the seven properties. Five of the cases required depositions and three properties were tried by Commission or Jury. In each case, the award or settlement was significantly higher than what the BNSF Railroad initially offered.
Presidio Golf Course
Services: Golf Course Operations Analysis and Appraisal
Location: San Francisco, California
The iconic Presidio property, once a military operation, offered a multitude of uses including a championship golf course. The golf course was managed by a private operator with a long-term lease. As the lease was nearing expiration, THK Associates, Inc. prepared an extensive golf course market analysis and valuation of the facility to assist the Presidio in negotiating a more favorable lease.
Mullen Home – Archdiocese of Denver
Services: “As-Is” and “As-Redeveloped” Values
Location: Denver, Colorado
The Mullen Home property is owned by the Denver Archdiocese and was operated by The Little Sisters of the Poor for senior housing. After suspending operations for senior housing, THK provided an “As-Is” value and an “As-Redeveloped” value for the asset for planning purposes. The property is currently being used for affordable housing by The City and County of Denver and is slated for redevelopment for Senior Housing.
Private Client
Services: Estate Planning Appraisals
Location: Various States within the United States
THK assisted our client in appraising 34 properties across all asset classes in 10 states throughout the United States for estate planning purposes.
Flying Horse Development/Great Western Bank
Services: Multi Use “As-Is”, “As-Complete” and “As-Stabilized” Values
Location: Colorado Springs, Colorado
For financing purposes, THK provided value estimates at various stages of completion for existing and proposed lodging facilities, existing and proposed golf course facilities, residential lots, and clubhouse/recreational facilities for the Flying Horse and Flying Horse North communities.