PRESENT POSITION
As owner/appraiser of Valentine Appraisal and Associates, I specialize in real estate and closely-held business valuations.

PROFESSIONAL AFFILIATIONS
I am a certified general appraiser in California (AG006526), an MAI designated member of the Appraisal Institute, an accredited senior appraiser, real property/urban, of the American Society of Appraisers, and a senior member of the International Right of Way Association, and a member of the Forensic Expert Witness Association. I served as Treasurer in 1993, Secretary in 1994, President-Elect in 1995, and President in 1996 of the International Right of Way Association, Chapter 1, Los Angeles. I am a licensed real estate broker in California.

EXPERIENCE
I have been exclusively appraising real estate and closely-held businesses since 1983. My experience includes reviewing and appraising residential, commercial, industrial, agricultural, transportation corridors, and other special use properties in California, other parts of the United States and in Mexico.

Appraisals are prepared for sale, purchases, insurance, lease, financing, income tax, assessment appeals, condemnation, allocation of purchase price, estate and corporate planning. I have also performed extensive economic feasibility studies, business valuations and real estate market analyses for proposed development of urban real estate, real estate investments, cash flow analyses, and economic projections.

EMPLOYMENT
I am owner of Valentine Appraisal & Associates and have been a Professor, teaching appraisal classes, at the College of the Canyons in Santa Clarita, California. Prior experience includes thirteen years of being owner/partner of a Valentine Appraisal & Associates, four years with Marshall and Stevens in Los Angeles, the second largest appraisal firm in the Country, five years with Southern Pacific Transportation Company appraisal departments in San Francisco and Los Angeles, and two years with a private valuation firm in Fresno, California.

 

EDUCATION
I hold a B.S. in Business Management from Brigham Young University, Provo, Utah, and have completed numerous courses and seminars sponsored by the American Society of Appraisers, and by the Appraisal Institute including Business Valuation, Real Estate Appraisal Principles, Basic Valuation Procedures, Standards of Professional Practice, Capitalization Theory and Techniques (Parts A and B), Case Studies in Real Estate Valuations, Discounted Cash Flow in Subdivision Analysis, and Valuation Analysis and Report Writing, Advance Partial Acquisition, Highest and Best Use and Market Analysis, Non-Residential Demonstration Appraisal Report Writing, Litigation Appraising: Specialized Topics and Applications, passed the Non-Residential Demonstration Report and the Comprehensive Exam for the MAI designation. I have successfully completed courses and seminars sponsored by the International Right of Way Association including Easement Valuation, Right-of-Way Valuation, Engineering, Real Estate Law, Group Communications, Bargaining Negotiations, and Valuation of Contaminated Properties, and Uniform Appraisal Standards for Federal Land Acquisitions Also, I attended the Expert Witness Summit, a seminar sponsored by the Forensic Expert Witness Association, and I am certified to use the Yellow Book for federal land acquisitions. I have obtained the Certificate of Completion for the Valuation of Conservation Easements Certificate Program developed with the approval of the Land Trust Alliance. And I have also successfully completed CCIM Courses, CI 101, Financial Analysis for Commercial Investment Real Estate; CI 102, Market Analysis for Commercial Investment Real Estate; CI 103, User Decision Analysis for Commercial Investment Real Estate.

INSTRUCTOR
I taught advanced real estate appraisal courses at the College of the Canyons and have presented numerous seminars for the IRWA on various appraisal topics.

PUBLISHED ARTICLE
“Appraising a Transportation Corridor”, International Right of Way Magazine, November/December 1998; “A Practical Approach in Appraising a Pipeline Easement”, International Right of Way Magazine, March/April 2008

COURT TESTIMONY
I have been a qualified expert witness in Superior Court and the United States Bankruptcy Court

TAX APPEAL HEARING
I have presented cases before both the Los Angeles and Orange County Boards.

FOREIGN LANGUAGE
I speak Spanish fluently.

INDUSTRIAL SPECIALIZATIONS
Agriculture
Automotive dealers and service stations
City, State and Federal Governments
Commercial banks
General building contractors
Golf courses
Hospitals
Hotels and motels
Insurance agents, brokers and service
Legal services
Manufacturing industries
Mortgage bankers and brokers
Office and clinics of medical doctors
Pipelines
Railway
Schools
Subdividers and developers
Transportation corridors

PARTIAL LIST OF CLIENTS PERSONALLY SERVED

Asset Management

Coopers & Lybrand Sigma
Emerson Asset Management Group
Equity Assets Management
Independent One Asset Management

Automotive

Arrow Volvo
Cerritos Ford
Thorson GMC
Toyota Motor Credit Corp.

Financial Institutions

American Security Bank
Antelope Valley Bank
Bank of Santa Clarita
Bank One
Citizens Business Bank
Citizens Commercial Bank
East West Bank
First Financial Credit Union
First Valley National Bank
Foothill Independent Bank
GMAC Mortgage
Home Bank
Santa Barbara Bank & Trust
Sumitomo Bank
Sun Country Bank
Universal Bank
United National Bank
Wells Fargo Bank

Government

City of Alhambra
City of Culver City
City of Industry
City of Lancaster
City of Los Angeles
City of Mission Viejo
City of Oxnard
City of Palmdale
City of Pasadena
City of Riverside
City of Santa Barbara
City of Santa Clarita
City of Santa Monica
City of Santa Paula
City of Temecula
Concord Redevelopment Agency
Federal Deposit Insurance Corporation
Helix Water District
Los Angeles County Metropolitan Transportation Authority (LACMTA)
Port of Los Angeles
Riverside County Transportation Commission
State of California

Hospital/MOB

Anaheim General Hospital
Bay Harbor Hospital
Megan Medical Center
Oak Grove Institute
Procto
Unihealth
Westminster Medical Group

Industrial

Aero Kraft Tools, Inc.
Bullet Freight Systems
ConocoPhillips Company
GTE
Memorex/Telex Incorporated
Nalco Chemical
Packaging Corporation of America
Southern California Edison
Southern California Gas Company
Union Pacific Railroad

Legal

Arter and Hadden
Demetriou, Del Guercio, Springer & Moyer
Kane, Ballmer & Berkman
Latham and Watkins
Sullivan, Workman & Dee

Retail

Pier 1 Imports
Sears, Roebuck & Co.
Target
Alpine Unified School District
El Segundo Unified School District
La Mirada Unified School District
Mount San Antonio Community College
West Covina Unified School District

Syndication

Cerritos Investment Group
G.E. Capital Investments
MIG Realty Advisors
Property Holding Co.
SHL Properties Realty Advisors
The CIT Group

Miscellaneous

Catellus Development Corp.
Center Land Company
LKS Investment
Pettit & Martin
San Thomas Properties
State Compensation, Inc.
Temple Investments

PARTIAL LIST OF SPECIAL APPRAISAL ASSIGNMENTS

4 Advertising Billboard Signs near LAX – Fair market rent for advertising on the high-end billboard signs and market rents to the land owners to assist the client in new lease negotiations, Los Angeles, CA (LACMTA)

Acreage – 1300 acre parcel, Boy Scouts of America Reservation, Los Angeles County, CA (City of Industry)

Best Western Executive Inn – a 134 room motel built in 1988 and located in Roland Heights, CA, (Textron Financial Corp.)

Car Wash and Two Cell Site Towers- Leased fee interest of two cell site towers, a 2,916 square foot car wash building, land improvements, furniture, fixtures, equipment, going concern value for acquisition purposes, Los Angeles, CA (CRA-LA)

Civic Center – feasibility analysis of 7 buildings equaling 146,747 square feet, built between 1923 and 1977, Corona, CA (City of Corona)

Contaminated Improved Industrial Property– 24,032 square foot industrial building built in 1967 with hydrocarbons in soil and in groundwater, Los Angeles, CA (ConocoPhillips)

Countryside – a proposed 53 unit residential planned development on 4.95 acres in West Covina, (East-West Federal Bank)

Eminent Domain for Airport Expansion – 2 parcels and improvements, Riverside, CA. (City of Riverside)

2 Parcels for Eminent Domain – presently improved with a surface parking lot on Hollywood Boulevard, Hollywood, CA (City of Los Angeles)
Multiple Tenant Business Park for Eminent Domain – for a partial take to construct an interchange project for the Golden Valley Road, Santa Clarita, CA (City of Santa Clarita)

Open Space Land for Eminent Domain – for a partial take along the west side of San Fernando Road in order to construct a public road extension at the Via Princessa over pass, Santa Clarita, CA (City of
Santa Clarita)

Retail Building and Lumber Yard for Eminent Domain – for the expansion of the Jan Heidt Metrolink Station, Santa Clarita, CA (City of Santa Clarita)

5 Improved Properties and 1 Vacant Lot for Eminent Domain – including two industrial buildings, one retail store, two mixed use properties and one vacant lot along Fair Oaks Avenue in Pasadena for the development of Heritage Square, Pasadena, CA (City of Pasadena)

Industrial Manufacturing Facility for Eminent Domain – for the development of a material recovery transfer station, City of Industry, CA (City of Industry)

Automobile Sales Lot for Eminent Domain – for expansion of the adjacent auto dealership, Alhambra, CA (City of Alhambra)

A portion of an existing Transportation Corridor for Eminent Domain – for an underground transverse crossing, Anaheim, California (The Gas Company)

A portion of an existing Transportation Corridor for Eminent Domain – for a surface and subsurface easement, Salt Works Station, Los Angeles, CA (The Gas Company)

Avigation Easement – including 6 improved properties at the Fullerton Municipal Airport, Fullerton, CA (City of Fullerton)

5 Commercial Properties for Eminent Domain – including a restaurant, an office building, an auto service garage, a cleaners and a parking lot, Alhambra, CA (City of Alhambra)

Car Wash for Eminent Domain – for a proposed library on Sunset Boulevard, Los Angeles, CA (City of Los Angeles)

Industrial Property for a Partial Taking for Eminent Domain – at Soto Street and Washington Boulevard for part of the North End Segment of the Alameda Corridor Project (Alameda Corridor Engineering Team)

Manufacturing Facility for Eminent Domain – on Santa Barbara Street for the Santa Paula Branch Line Recreational Trail (City of Santa Paula)

3 Parcels for Eminent Domain – including a residential duplex, single family dwelling and a vacant lot for the development of a court house, Palmdale, CA (City of Palmdale and Kane, Ballmer & Berkman)

25 Parcels a 1 Residential Dwelling for Eminent Domain – for expansion of the Marie Kerr Park, Palmdale, CA (Security Land and City of Palmdale)

36 Parcels for Eminent Domain – for preliminary study, including single family dwellings, multiple residential apartments, and office buildings, Palmdale, CA (City of Palmdale)

Dairy Farm – on an 18.66 acre site with 250 cow milking facility in Fresno, CA. (Vivenzi Family)

Devine Farm – 81 acres of almond and Clingstone peach orchard located in Fresno, CA. (Devine Farms, Inc.)

Fractional Interest – 26.94 acre citrus farm, Redlands, CA.. (Nullin Family Trust)

Golden Cheese Company – one of the largest cheese manufacturing facilities in the western United States encompassing nine buildings equaling 146,011 square feet on 28.47 acres in Corona, CA. (Bank of Tokyo)

Great Western Bank Corporate Campus – four detached buildings built in 1992. They include a ten story Class A office building, a parking structure, an employment center, and a child care center in Chatsworth, CA. (Great Western Bank)

Grocery Store – 48,950 square foot, single story structure built between 1955 and 1988, Covina, CA (Marketplace Properties)

Hudson Respiratory Care Facility – including three detached manufacturing buildings equaling 244,253 square feet on 29.30 acres located in Temecula, CA. (Hudson Respiratory Care, Inc.)

Historical Property – A 2-story, Queen Anne style structure with a gross living area of 3,513 square feet, built in 1892 with a detached 376 square foot fast food restaurant, built in 1959, in Pasadena, CA .(City of Pasadena)

Imperial School – a former school site of 5.66 acres in El Segundo, CA. (El Segundo Unified School District)

Landlocked single family dwellings – 2 detached dwellings built in 1991, Los Angeles, CA. (FDIC)

La Palma Medical Office Center – including two detached Class B medical office buildings on the campus of the La Palma Medical Center in La Palma, CA. (Unihealth America)

Lake Jennings Reservoir – including the reservoir, dam, pumping stations and pipeline right-of-ways located in San Diego, CA. (Helix Water District)

Los Angeles Toy District – 21,922 square feet retail building built in 1990, Los Angeles, CA. (Foothill Independent Bank)

Memorex/Telex Research and Development Center – four attached modules containing 367,860 square feet on a 49.99 acre site located in Tulsa, OK. (Davis Polk and Wardwell)

Mexico – Amtech Reliable Elevator Co. manufacturing facility, including four detached buildings equaling 135,251 square feet on a 11 acre site in Rosorito, B.C., Mexico. (ABM Industries)

Oak Gove Institute – a proposed 72,998 square foot adolescent residential treatment center located on 8.87 acres in Murrietta, CA.. (Oak Grove Institute)

Parks – four city parks located in Temecula, CA. (City of Temecula)

Partially completed single family residential developments – Rancho Cucamonga, CA. (FDIC)

Proposed completed single family subdivision – La Canada, CA. (Foothill Independent Bank)

Proposed 34-unit apartment building – Los Angeles, Ca. (Foothill Independent Bank)

Review– appraisal review report of the benchmark land value study of industrial lots, acreage, port frontland, backland and water parcels owned by the Port of Los Angeles (Port of Los Angeles)

Riverside Community Hospital Medical Office Buildings – two detached Class A medical office buildings three and five stories high equaling a total area of 119,204 square feet. (Aid Association for Lutherans)

Shopping Center – 113,879 square foot, two-story structure, built in 1954, El Monte, CA (GMAC Mortgage)

Southmark Financial Center – a ten story Class A office building built in 1984 located in Long Beach, CA. (SHL Properties, Realty Advisors)

  1. mile taking for a subsurface easement – a proposed 10-foot wide pipeline easement, Blythe, CA. (So. Cal.

Gas Company)

  1. mile transportation corridor – for acquisition purposes, Lakewood, CA. (So. Cal. Edison)

4-Mile Transportation Corridor – for a proposed recreation trail located in Sonoma, CA. (SPTCo)

5-Mile Transportation Corridor – for street widening located in Vasalia, CA. (SPTCo)

  1. mile pipeline – along the So. Cal. Edison transportation corridor, Long Beach, CA. (So. Cal. Gas Company)

37-Mile Transportation Corridor – located between Bakersfield and Taft for proposed freight and passenger service, Kern County, CA. (Kern Council of Governments and ICF Kaiser Engineering & Construction Co.)

87.93-Mile Transportation Corridor – Between Lone Pine, Inyo County and Searles Station, Kern County, CA (Union Pacific Railroad)

13,000-Mile System-wide Transportation Corridor – as part of a small and efficient appraisal team. I personally appraised much of the property in California, Texas, Louisiana, Arkansas and in Missouri for sale purposes for the Southern Pacific Transportation Company. (SPTCo)

 

REVIEW APPRAIALS

Waterfront Beach Resort Site – I completed a technical review of the appraisal to estimate the market value rent adjustment fort the subject property. (City of Huntington Beach, CA)

125.66 Acres, Angeles National Forest – the land located in the area known as “Lopez Canyon” area, consisted of ten contiguous parcels of land. The purpose of the report was to establish Fair Market Value of the subject. (Mountains Recreation and Conservation Authority)

ExxonMobil Permit in the Port of Los Angeles – I was to evaluate the completeness, accuracy, relevance, appropriateness and reasonableness of the work under review. (Alan, Williford & Sealek Inc)

Single Family Residence – located in Santa Clarita, unincorporated area. I reviewed the appraisal for possible litigation. (Ropers, Majeski, Kohn & Bentley)

18.28 Acres in Baldwin Hills – along the west side of La Cienega Boulevard. The report was to set forth my opinion of the quality, completeness, accuracy, and appropriateness of the work under review. (Buss-Shelger Associates)

19 Single Residence Homes – located in Bakersfield, CA. Evaluation of the methods and procedures utilized by the appraisers to determine if those methods and procedures were sound and reasonable. (Ropers, Majeski, Kohn, & Bentley)