The real estate appraisal industry, like most industries, is stuck in old thinking. Perhaps the worst of this thinking is the term and concept of Neighborhood. Most people correctly understand neighborhood as a collection of homes and perhaps businesses near their homes. Google images of neighborhood and you get what most people imagine a neighborhood [...]
Picture this: Two side-by-side five-acre interior (not corner) lots with 500 feet of frontage. The lots are located on a major highway and are improved with two identical steel frame and masonry buildings, 100,000 square feet in size with 32 foot ceilings. One building is zoned for retail use, suitable for occupancy by a "big [...]
You have probably heard that the Panama Canal is being expanded. What you may not know is what that means to New Jersey. The Panama Canal now handles Panamax ships, meaning ships equal to the maximum capacity of the existing Panama Canal. After the expansion, the Canal will be able to handle Post Panamax ships [...]
