Bowery Valuation

Meet Sophia Bierstein — Bowery Valuation’s People Operations Assistant! Sophia just joined Bowery and has already made an incredible impact with her incredible energy and a can-do spirit! She plays a key role in recruiting new associates, managing some key operational tasks, and keeping our offices running smoothly day to day. Before Bowery, Sophia worked as a Production Assistant on Blue Bloods (yes, that Blue Bloods!), where she sharpened her organizational and multitasking skills in a fast-paced environment. We’re thrilled to have her on board — welcome, Sophia! 👏

We are excited to announce the addition of seven new associates to the Bowery Valuation team! These talented individuals have successfully completed their initial training and are ready to contribute to our mission of delivering fast, high-quality reports with exceptional client service. We are thrilled to have them on board and look forward to their contributions to the team! Please join us in welcoming: Eian Carbone Timothy Arabas Victoria Peykar Francis O'Connor Hector H. Serena Recinos Jacob Allmon

📢 New Office Alert 📢 We’re thrilled to welcome Lee Smalley, MAI to the Bowery team as the Managing Director of our #Miami office! With over 20 years of experience in the appraisal profession, Lee has an impressive track record in valuing a diverse range of property types, from commercial and residential properties to special-purpose venues like marinas, waterparks, and entertainment facilities. His deep industry expertise, entrepreneurial background as the founder of The Appraisal Research Center, and role as a trusted advisor and expert witness make him an incredible addition to our growing team. Also joining the Miami team is Richard Paez, who brings a wealth of knowledge and experience, further strengthening our presence in the region. Welcome to Bowery, Lee and Richard – we’re excited for the future of our Miami office under your leadership and expertise! 🚀 #WelcomeToTheTeam #CRE

🎃 Happy Halloween, everyone! 🎃 Bowery Valuation loves a good bracket competition! Last year, we had a Sweet Sixteen showdown to determine our favorite candy, with Reese's claiming victory. This Halloween, we kept the tradition alive by hosting a Spooky Sixteen movie bracket challenge featuring 16 iconic films. After some thrilling rounds and close calls, we finally have a new Halloween movie champion: Ghostbusters! Perhaps the biggest upset was Hocus Pocus not advancing past the first round! 😱 Big thanks to everyone who voted and brought the Halloween spirit! 👻

With Grace Kim, MAI, AI-GRS, leading the way, our #Seattle office has quickly become a leader in the Pacific Northwest's #CRE appraisal market. Grace and her team combine deep local expertise with our cutting-edge, tech-enabled processes to deliver accurate, easy-to-read reports. Reach out today—we’d be happy to provide a sample report so you can see the quality for yourself! https://lnkd.in/gBqkMh43

Last week, the Federal Open Market Committee (#FOMC) voted to lower the federal funds rate by 50 basis points (bps) to a target range of 4.75% to 5%. Updated projections from the FOMC suggest that the Fed will cut rates by another 50 bps through year-end (bringing target rates to the low-to-mid 4% range by year end 2024) while also cutting roughly 100 bps through 2025 (bringing target policy rates to the low-to-mid 3% range by the end of 2025). The reduction to the overnight lending rate and less upward pressure on the 10-Year Treasury will contribute to modestly lower borrowing costs for investors with elevated levels of dry powder awaiting deployment. Where do you see transaction volume trending next year?

Our spotlight on #California continues! We're thrilled to share that year-to-date, we've appraised for over 100 clients, with nearly half of them being first-time engagements. Even more encouraging, over 90% of these #newclients have already sent RFPs for additional projects! It's clear that the #commercialrealestate landscape continues to offer opportunities for those who are ready to seize them. Reach out today to start working with our California team! inquiries@boweryvaluation.com or (650) 409-1592 #localexpertise #nationwide #CRE #valuations

Our #California office, opened just two years ago, has rapidly become a significant player in the #CREappraisal market. Led by Bryson Young, MAI, we offer the same high-quality reports that our clients have come to expect from us nationwide, with impressively fast turnaround times. Request a sample report by emailing inquiries@boweryvaluation.com or filling out this short form: https://lnkd.in/gBqkMh43

We are proud sponsors of the NY State Bar Association Family Law Section Annual Meeting in Boston, taking place July 11-13. Connecting with our valued clients and meeting potential new ones is always a highlight. You can find our Michelle Zell at her table full of goodies, including these adorable Bowery baby bibs. #FamilyLaw #NYSBA

Our #Seattle team had an amazing mid-day work break exploring the city's history on the #UndergroundTour. They enjoyed great weather and even better company! #GreatTeam #WorkLifeBalance #SummerinSeattle