RESIDENTIAL, COMMERCIAL & MIXED
USE REAL ESTATE FEASIBILITY
CBRE Uptown Minneapolis, MN
apartment feasibility &
valuation services:
Market study, development
recommendations, feasibility and
valuation services for proposed
55-unit luxury apartment
community at Lake St. & Knox
Avenue near Lake Calhoun in
Minneapolis Uptown
neighborhood.
EL-AD U.S. HOLDING, INC. 250
West Apartments New York, NY:
Marquette Advisors provided an
appraisal for proposed
renovation and repositioning of
former office building to
multi-family residential in
Manhattan.
HINES INTERESTS Downtown
Minneapolis, MN apartment
feasibility:
Market study and development
recommendations for proposed
550-unit apartment community in
the North Loop neighborhood of
downtown Minneapolis,
Minnesota.
El-AD GROUP CANADA Residential
Condominium Development
Feasibility & Valuation
Toronto and Montreal, Canada:
Marquette Advisors provided
market studies, as-is and
prospective appraisals on behalf
of El-Ad related four major
residential condo developments,
including two in Toronto
(Emerald City and Maple Grove)
and two in Montreal (Cite Nature
and Nordelec).
GRANDBRIDGE REAL ESTATE CAPITAL
The West End Rental
Apartments Feasibility St.
Louis Park, MN:
feasibility study, including
complete development
recommendations and revenue
forecast for a proposed
apartment community in St. Louis
Park, MN.
VARDE PARTNERS Residential
Land Development Consulting
National Review :
Marquette Advisors provided
ongoing market research and
pricing/absorption forecasting
related to varied subdivision
investments held by Varde
Partners throughout the United
States.
SILVER POINT INVESTORS
Proposed Residential Subdivision
Development Park City, UT:
Complete appraisal via
discounted cash flow approach
for a proposed 250-acre master
planned community in Park City.
This development incorporated a
variety of single family and
townhouse products and varied
timeshare units.
ROTTLUND HOMES, WELSH CO., &
ROSEVILLE PROPERTIES Market
study for proposed Twin Lakes
mixed use development at County
C & Cleveland in Roseville, MN:
Market assessment and demand
analysis for
Twin Lakes,
a proposed mixed-use
redevelopment project at County
Road C and Cleveland Avenue in
Roseville, Minnesota. The
proposed development program
included 490 for-sale townhouse
and condominium units, 240 units
of senior housing, 317,000
square feet of retail and
restaurant space and 221,000
square feet of office space.
Marquette Advisors provided an
analysis current and projected
market conditions, and provided
a demand forecast for each of
the proposed development
components to determine whether
there was sufficient market
support for the project.
OPUS NORTHWEST, LLC Arbor
Lakes (Maple Grove, MN)
apartment feasibility:
Market feasibility study and
development recommendations for
a proposed luxury apartment
community within The Bridges
at Arbor Lakes in Maple
Grove, MN.
CENTRAL BANK Condominium
Valuation & Work-Out Analysis
Orono, MN:
Review and as-is valuation of
failed/partially complete
residential condominium
development in far western
suburb of Minneapolis.
K2 URBAN CORP Tallahassee, FL
residential demand analysis:
Market study, demand analysis
and economic impact consulting
for Evening Rose, a proposed
for-sale townhouse community in
Tallahassee, FL. Marquette
also provided due diligence and
advisory services in support of
a grant application submitted by
K2 Urban to the State of
Florida.
BADER DEVELOPMENT Market
Consulting The Ellipse
Apartments St. Louis Park, MN:
Project review and advisory
services related to unit mix,
features, amenities and
supportable rental rates for new
infill apartment property just
west of Lake Calhoun.
DUKE REALTY West End Mixed
Use Development, St. Louis Park,
MN:
Market assessment and
development recommendations for
a major mixed-use redevelopment
project on a site near the
I-394/Hwy. 100 interchange in
St. Louis Park, Minnesota.
Study included an analysis of
for-sale and rental housing,
hotel, retail and office
development components.
T.E. MILLER DEVELOPMENT Market
study and highest and best use
consulting, Richfield, MN:
Market study and development
recommendations for a proposed
33-acre redevelopment project at
I-35 and Penn Avenue in
Richfield, MN. MARQUETTE
provided a detailed assessment
of residential, retail, office
and lodging market trends and
provided specific phased
development recommendations for
this prime site along the I-494
strip in the Twin Cities metro
area.
HANS HAGEN HOMES Blaine, MN
rental housing feasibility:
Market study and consulting
services regarding proposed
rental townhomes and apartments
within
The Lakes
of Blaine.
LUPE DEVELOPMENT PARTNERS
Minneapolis condominium
consulting:
Downtown Minneapolis residential
condominium market consulting
and advisory services.
PEDEERSEN VENTURES Apple
Valley mixed use feasibility:
Market feasibility study and
detailed development
recommendations for a proposed
mixed use residential and retail
development in Apple Valley.
This development, known as
The Village at Founders Circle,
is being designed as a new
downtown for this suburban Twin
Cities community.
JPI STudent housing
Minneapolis student housing
analysis:
A study of the market potential
for a student housing project on
a site near the campus of the
University of Minnesota.
AIMCO Lake Calhoun,
Minneapolis area apartment
market:
Market study and due diligence
consulting on behalf of AIMCO in
evaluation of investment
opportunity in Lake Calhoun area
of Minneapolis
SHERMAN ASSOCIATES Sect. 42
apartment feasibility,
Minneapolis:
Market feasibility study for
proposed apartment development
near St. Anthony/Main in
Minneapolis.
ROTTLUND HOMES, St. Louis Park,
MN retail market consulting:
Site assessment and expert
opinion memorandum regarding the
potential for retail development
at 36th & Wooddale in
St. Louis Park, Minnesota.
STATE TEACHERS RETIREMENT SYSTEM
OF OHIO Regional apartment
market consulting:
A market assessment and demand
forecast for 1) the Twin Cities
regional apartment market, and
2) the downtown Minneapolis
apartment market.
INSIGNIA DEVELOPMENT GROUP
Downtown St. Paul condo
feasibility:
A feasibility study for a
proposed residential condominium
project, involving the
conversion of the Lowry
Professional Building, an office
building at 5th & St.
Peter in downtown St. Paul,
Minnesota.
Midland Mortgage Investment
Corporation,
Clearwater, Florida Washington
DC senior housing market study:
A feasibility study for a
proposed rental housing project
for seniors to be developed in
Washington, DC through the
Low-Income Housing Tax Credit
program.
COMMUNITY/REGIONAL REAL ESTATE &
HOUSING ASSESSMENTS
PORTLAND, OREGON BUSINESS
ALLIANCE AND PORTLAND
DEVELOPMENT COMMISSION
Comprehensive Downtown Portland
residential Market study &
economic impact analysis:
A comprehensive study of housing
market trends and a 5-year
demand forecast for housing by
price point in downtown
Portland, Oregon. The study
identified several barriers to
development of affordable
workforce housing in downtown
Portland, estimated the cost to
develop affordable housing and
the needed public subsidy to
support new construction.
Further, the analysis included
an economic impact study which
measured the economic benefits
of increasing the supply of
affordable workforce housing in
downtown Portland, and then
measured this impact against the
needed subsidy to support new
construction. The report
documented the return on
investment (workforce housing
development subsidies and
incentive programs) from the
standpoint of local government.
THE FAMILY HOUSING FUND, THE
MINNESOTA HOUSING FINANCE
AGENCY, THE METROPOLITAN
COUNCIL, AND THE MINNNESOTA
MULTI-HOUSING ASSOCIATION An
assessment of workforce
housing needs tin the Twin
Cities region:
A study of the economic impact
of the lack of affordable
workforce housing in the Twin
Cities Metropolitan Area. This
study measured the current and
future demand for affordable
housing in the metro area, as
well as cost to produce such
housing, the level of subsidy
required to support this
construction, and the return on
investment this investment.
BEAUFORT COUNTY, SOUTH CAROLINA
Comprehensive housing needs
assessment:
Completion of a for-sale and
rental housing needs assessment
with detailed 5-year demand
projections and development
recommendations by price/rent
and location for Beaufort
County, South Carolina. This
coastal South Carolina County
includes the Hilton Head area,
which has seen rapid resort and
high-end residential development
during the past five to eight
years. Meanwhile, a growing
share of the workforce is
effectively being priced out of
the local housing market, to the
point where many of the Hilton
Head area workforce is commuting
long distances to more
affordable housing in adjacent
counties. Marquette developed a
demand forecast and development
recommendations for Beaufort
County over a five year period,
assisted in identifying the
primary barriers to development
of affordable housing in the
county, and suggested strategies
for reducing or eliminating many
of these barriers in support of
affordable housing construction
in the years ahead.
JASPER COUNTY, SOUTH CAROLINA
Comprehensive housing needs
assessment:
Analysis of county-wide market
rate and affordable housing
needs. Marquette Advisors
quantified current and future
housing needs throughout the
county and evaluated the impact
of zoning and development
density upon residential
development feasibility and
affordability.
CITY OF ST. LOUIS PARK,
MINNESOTA Mixed use
development feasibility
analysis, Excelsior & France:
Market feasibility study and
development recommendations for
a proposed mixed-use
redevelopment project at
Excelsior Boulevard and France
Avenue in St. Louis Park.
SHERBURNE COUNTY, MINNESOTA
County-wide retail market
analysis and development
forecast:
Retail market analysis and
development forecast on behalf
of Sherburne County. This study
provided an assessment of
population, household and
employment growth trends, as
well as consumer spending
activity. MARQUETTE developed a
forecast of retail and office
space development and land
absorption, which will be
utilized by the County in
developing land use plans and
zoning throughout the County.
CITY OF RICHFIELD/HENNEPIN
COUNTY, MINNESOTA Richfield 66th
Street Corridor Plan:
Market study provided to guide
development of corridor master
plan for E. 66th
Street in Richfield.
CITY OF MINNEAPOLIS, MINNESOTA
Uptown Minneapolis Small Area
Plan:
Market study provided to guide
development of the Uptown Small
Area Plan. Marquette also
provided market and financial
review of several development
scenarios for multiple parcels
within the study area,
identifying the financial
viability of varied alternatives
and need for gap financing.
CITY OF HASTINGS, MINNESOTA
Hotel/banquet center
feasibility:
Market feasibility study related
to a proposed boutique hotel and
banquet hall on a redevelopment
site on the Mississippi River in
downtown Hastings, Minnesota.
Marquette provided a thorough
assessment of the market
realities related to the
potential for hotel and banquet
hall construction, which was
used by the Hastings HRA and
downtown business association in
developing a framework for the
redevelopment of its historic
downtown. In addition to
providing a comprehensive market
study, Marquette led numerous
public meetings, focus groups
and presentations in the
community.
CITY OF MINNEAPOLIS, MINNESOTA
Downtown Minneapolis housing
market study:
A feasibility study for a
proposed luxury high-rise to be
constructed in conjunction with
a new library and planetarium in
downtown Minneapolis, Minnesota.
CITY OF FRIDLEY, MN
Residential and retail
feasibility:
A feasibility study for a
proposed mixed-use redevelopment
project on a site in Fridley,
Minnesota. The proposed project
included 50,000 square feet of
street-level retail and
restaurant space, with
residential condominiums in the
upper three stories of two
proposed buildings.
IMPACT STUDIES
IONE BAND OF MIWOK INDIANS,
Plymouth, California:
An economic impact analysis
for a proposed casino
development in northern
California. The report
analyzed the economic and
the projected fiscal impacts
of the project.
JEMEZ PUEBLO, Anthony, New
Mexico:
An economic impact analysis
for a proposed casino
development on newly
designated trust land in
southern New Mexico. The
report analyzed the economic
and the projected fiscal
impacts of the project on
both the local and regional
area.
MINNESOTA INDIAN GAMING
ASSOCIATION, Cass Lake,
Minnesota:
Impact study on the economic
benefits of Indian gaming in
the State of Minnesota on
tribal, local and state
economies and tax revenue
generated to the state and
federal government, which
included onsite interviews
with each of the ten
participating MIGA tribes.
DOWNTOWN WICHITA, Wichita,
Kansas:
An economic impact analysis
for a proposed casino and
hotel development that was
used for lobbying purposes
to win gaming approval
within the state. The
report analyzed the economic
and social benefits of the
proposed project, as well as
the projected fiscal impacts
of the project.
THE AFFILIATED OREGON GAMING
TRIBES, Pendleton, Oregon:
Impact study on the economic
benefits of Indian gaming in
the State of Oregon on
tribal, local and state
economies and tax revenue
generated to the state and
federal government, which
included onsite interviews
with each of the six
participating Oregon tribes.
MINNESOTA RESTAURANT
ASSOCIATION, Saint Paul,
Minnesota:
Economic impact analysis on
the food service in the
State of Minnesota.
SODAK GAMING SUPPLIES, INC.,
Rapid City, South Dakota:
Analysis of the economic
benefits of Indian gaming in
the State of Minnesota,
based upon direct interviews
with all Minnesota tribes.
GREATER MINNEAPOLIS
CONVENTION & VISITORS
BUREAU, Minneapolis,
Minnesota:
Analysis of state tax
revenue increases generated
by the Minneapolis
Convention Center and
related projects.
UNIVERSITY OF ST. THOMAS,
St. Paul, Minnesota:
Analysis of the economic
impact of an expansion of
the Minneapolis campus of
the University of St. Thomas
and construction of a
multi-district K-12 magnet
school.
MECHOOPDA TRIBE, Chico, CA:
An economic impact analysis
for a proposed casino and
hotel development at a site
near Chico, California. The
report analyzed the economic
and social benefits of the
proposed project, as well as
the projected fiscal impacts
of the project.
LIBERTY ALLIANCE, LLC, Fort
Lee, New Jersey:
An economic impact analysis
for a proposed casino
project and ancillary
development including
lodging, retail, restaurant
and entertainment venues.
VALUATION GROUP COMMERCIAL
PROPERTIES
LAUTH GROUP NATIONAL RETAIL & OFFICE PORTFOLIO
VALUATION:
Completed summary appraisals
for a portfolio of over 50
building and land sites
throughout the United
States.
VARDE PARTNERS NATIONAL KMART PROPERTY PORTFOLIO
VALUATION:
Market value appraisal of
selected Kmart properties
nationwide.
BRISTOL AND TOWN SQUARE MALLS Bristol, VA and Owensboro,
KY:
Completed a market value
appraisal of the Bristol
Mall located in Bristol,
Virginia, as well as the
Town Square Mall located in
Owensboro, Kentucky.
THE MALL OF AMERICA Bloomington, MN:
Complete market value
appraisal of the 4,300,000
square foot Mall of America
in Bloomington, Minnesota.
BNC NATIONAL BANK, Bismarck,
North Dakota:
Appraisal of the BNC
Financial Center, a 26,000
square foot bank and office
building in Fargo, North
Dakota.
LINDQUIST & VENNUM, LLP Walgreens Valuations:
Market value appraisals of
two Walgreens stores,
located in San Antonio,
Texas and Gulfport, Florida.
HOLIDAY COMPANIES,
Minneapolis, Minnesota:
Appraisal of a Holiday
StationStore and truckstop
in Shakopee, Minnesota.
HOLIDAY COMPANIES: Appraisal of nine Holiday-owned-and-operated facilities
including the corporate
headquarters and a Fargo,
North Dakota facility.
EASTERN HEIGHTS BANK Woodbury, MN: A summary market value appraisal of this bank property located
on Currell Boulevard in
Woodbury, Minnesota.
NORTHLAND MEDICAL CENTER Duluth, MN: Market value appraisal of this 4-story, plus lower level
medical office building in
Duluth, Minnesota.
DAYTONS DEPARTMENT STORE Brooklyn Center, MN:
Limited market value summary
appraisal report for the
Daytons (renamed Marshall
Fields) Department Store
located in the Brookdale
Shopping Center in Brooklyn
Center, Minnesota.
LORING PARK OFFICE BUILDING Minneapolis, MN: Complete market value appraisal of 5-story, multi-tenant office
building in Minneapolis,
Minnesota.
CENTENNIAL LAKES MEDICAL CENTER Edina, MN:
Market value appraisal of a
six-level medical office
building located in Edina,
Minnesota.
FUR MART, INC Minneapolis, MN:
Complete market value
appraisal of a 7-story
multi-tenant office
building.
MISSABE BUILDING Duluth, MN:
Market value appraisal of
office building in Duluth,
Minnesota.
ST. LUKES PAVILION & PARKING RAMP Duluth, MN:
Complete market value As
Is appraisal of the St.
Lukes Pavilion, a 4-story
medical building and a
2-level parking ramp,
adjacent to the Pavilion, in
Duluth, Minnesota.
VALUATION GROUP INDUSTRIAL
PROPERTIES
US INDUSTRIAL PORTFOLIO:
Completed a summary market
appraisal for 13 industrial
properties for a total of
over 2.1 million square feet
of space located across the
United States.
CIT GROUP, INC Warehouse Building Industry, CA:
Market value appraisal of a
42,000 square-foot
office-warehouse facility in
Industry, California.
GVA GRIMLEY, Birmingham,
England:
Appraisal of two industrial
manufacturing buildings in
Ocala, Florida (30,000
square feet) and Sidney,
Ohio (250,000 square feet).
GVA GERMANY Manufacturing
facility, Ithaca, NY:
Appraisal of a 79,000
square-foot manufacturing
facility near Ithaca, New
York.
GVA GERMANY Buffalo, NY
and Toronto, ON industrial
valuations:
Appraisal of manufacturing
facilities operated by
Greenbelting Industries in
Buffalo, New York (26,000
square feet) and
Mississauga, Ontario (29,000
square feet).
THE 614 COMPANY,
Minneapolis, Minnesota
warehouse appraisals:
Appraisals of two industrial
warehouse buildings in
Roseville and Edina,
Minnesota, and a
retail-automotive repair
property in Richfield,
Minnesota.
ASSOCIATED BANK,
Minneapolis, Minnesota
warehouse appraisal:
Appraisal of the
Quincy Warehouse Building,
a 40,000 square foot
building in northeast
Minneapolis.
3M AUTOMOTIVE BUILDING Southfield, MI: Market value summary appraisal report of the approximately
174,000 square foot 3M
automotive building in
Southfield, Michigan.
RBOG PROPERTY CONSULTANTS, AMSTERDAM: Inspection report of seven US properties in five US cities for
Amsterdam consultant.
LAND OLAKES Industrial valuation, Minneapolis, MN:
Market value appraisal of a
milk replacer facility in
Minneapolis, Minnesota.
WENGER CORPORATION Owatonna, MN:
Complete market value
appraisal of an
approximately 434,000 square
foot manufacturing and
distribution facility in
Owatonna, Minnesota.
STEINER GROUP PRUDENTIAL Minneapolis, MN:
Appraisals of four
Prudential properties
located in the metropolitan
area of Minneapolis,
Minnesota.
TRUCAST Newberry, SC:
Inspection and valuation of
Trucast facility in
Newberry, South Carolina for
Barclays Bank plc, London,
England.
SHELDAHL CORPORATION Northfield, MN:
Market value appraisal of
the Sheldahl Corporation
Facility in Northfield,
Minnesota.
CUE PROPERTIES Roseville & Rosemount, MN:
Market value appraisals for
three warehouse properties
in Roseville and Rosemount,
Minnesota.
VALUATION GROUP -- HOSPITALITY,
GAMING & RELATED
PROPOSED PLAZA HOTEL & CASINO Las Vegas,
NV: Market study, financial projections, and complete going
concern valuation for proposed
luxury casino resort project on
the Las Vegas Strip. Proposed
development comprises more than
2,000 hotel rooms, along with
gaming, upscale retail center
and residential condominiums in
a variety of formats.
JACOBS ENTERTAINMENT, INC Carson City, NV.:
Complete going concern valuation
of Gold Dust West Casino and
Hotel in Carson City, NV.
Marquette Advisors also provided
detailed highest and best use
analysis related to adjoining
accessory land at the property.
THE PLAZA HOTEL New York, NY:
Market value appraisal of The
Plaza Hotel and The Plaza Retail
collection in Manhattan.
DOUGHERTY FINANCIAL,
Minneapolis, Minnesota: Complete, self-contained
market value appraisal report
for the Radisson Inn Hotel in
Roseville, Minnesota.
THE DOWNS AT ALBUQUERQUE, NM:
Feasibility study and valuation
services related to a proposed
new racetrack and gaming
facility east of Albuquerque,
NM.
JUBILEE GAMING ENTERPRISES,
Cripple Creek, Colorado:
Market value appraisal for a
large expansion of the Jubilee
Casino in Cripple Creek,
Colorado.
LCO CASINO, Hayward, Wisconsin:
Market value appraisal of the
LCO Casino and Hotel and
expansion land in Hayward,
Wisconsin.
THE CHAMBERS HOTEL
Minneapolis, MN: Comprehensive market study, feasibility
analysis, financial projections
and prospective appraisal for
this proposed boutique hotel
within the Hennepin Avenue
Theater District of downtown
Minneapolis.
HOLIDAY INN, Otsego, MN:
Fee simple market value
appraisal of a hotel and
waterpark development located in
the City of Otsego, Minnesota.
GREAT ADVENTURE HOTEL, Bellevue, NE:
Market value appraisal of the Great
Adventure Hotel located in the
Bellevue, Nebraska.
CASINO SAN PABLO, San Pablo, California:
Market value appraisal report
for proposed full-scale casino
facility near Oakland,
California.
DETROIT MOTOR CITY CASINO, Detroit, Michigan:
Advisors to a former partner of DMCC in a marriage
dissolution. Financial models
were developed to arrive at a
value estimate of the going
concern.
CLARIDGE HOTEL AND CASINO,
Atlantic City, New Jersey: Completion of a full and complete valuation of a 500 room
hotel, 2500 machine casino and
ancillary facilities.
RADISSON HOTEL: Complete, self-contained market value appraisal report
for full-service Radisson Hotel,
Roseville, Minnesota.
METROPOLITAN DEVELOPMENT,
Minneapolis, Minnesota:
Market value appraisal of the
prospective value of a proposed
luxury boutique hotel project,
known as
The Chambers Hotel,
in downtown Minneapolis.
SHERATON AIRPORT INN Bloomington, MN: Complete market value appraisal of a 252-room facility located
in Bloomington, Minnesota.
DOUBLETREE GRAND HOTEL Bloomington, MN: A complete, self-contained market value appraisal of a
14-story, 321-guest hotel
facility located in Bloomington,
Minnesota.
QUALITY INN & SUITES
Minneapolis, MN:
A complete, self-contained
market value appraisal of the
Quality Inn and Suites hotel
facility located in downtown
Minneapolis, Minnesota.
RAMADA INN Roseville, MN:
Prospective market value
appraisal for proposal Radisson
Hotel in Roseville, Minnesota.
GIANTS RIDGE GOLF & SKI RESORT Biwabik, MN:
Valuation and consulting
services regarding the Giants
Ridge Golf & Ski Resort in
Biwabik, Minnesota on behalf of
the State of Minnesota acting by
and through the Office of
Commissioner of Iron Range
Resources and Rehabilitation
Board.
VALUATION GROUP AVIATION
RELATED
EXCEL BANK Flying Cloud Airport, Eden Prairie, MN:
Market value appraisal of an
11,000 square-foot executive
hangar facility located at
Flying Cloud Airport in Eden
Prairie, Minnesota.
FIRST BANK & TRUST, -- FBO
Valuation Boeing Field,
Seattle, WA:
Appraisal of
Flight Center,
a Fixed Base Operator (FBO)
located on a 9.75-acre site on
Boeing Airfield in Seattle,
Washington. Included the
appraisal of the FBO, including
250,000 square feet of airport
ramp area, 30,000 square feet of
hangar space, 17,000 square feet
of office space, as well as
customer support, catering areas
and a 75,000 gallon fuel farm.
SOLBERG-HUNTERDON REGIONAL AIRPORT Readington, NJ:
Market value appraisal of this
airport facility located in
Readington, New Jersey.
SCOTTSDALE AIR CENTER Scottsdale, AZ:
Complete, self-contained market
value appraisal report for
fixed-base operator at
Scottsdale Airpark, Scottsdale,
Arizona.
KALAMAZOO AIRPORT, Kalamazoo, MI:
Market value summary appraisal
report for land and hangar space
at Kalamazoo Airport.
KANSAS CITY INTERNATIONAL AIRPORT TWA FACILITIES: Complete, self-contained, market value appraisals for TWA Flight
Simulator Facility, the TWO
Training Facility and the TWA
Cargo Facility in Kansas City,
Missouri.
NORFOLK INTERNATIONAL AIRPORT: Complete, self-contained, fair market appraisal of the Norfolk
International Airport in
Norfolk, Virginia.
MARYLAND HANGAR: Appraisal for leasehold market As Is and prospective
values of the Decrane Aircraft
Facility in Georgetown,
Delaware.
KALAMAZOO-BC T HANGARS:
Market value appraisal for 96
T-hangars within 10 buildings in
Kalamazoo, MI.
VALUATION GROUP -- MULTI-FAMILY
RESIDENTIAL
SYMPHONY TOWER Downtown Syracuse, NY:
Market value appraisal report
for stalled residential
renovation/redevelopment project
in Downtown Syracuse. Marquette
Advisors provided valuation of
the asset under several assumed
development scenarios, including
as-is and prospective
as-complete.
THE CEDARS OF EDINA APARTMENTS, Edina, MN:
Complete market value appraisal report for a 600-unit
apartment community in Edina,
Minnesota.
CASCADE PINES, Atlanta, GA:
Market value appraisal report
for 377-unit apartment community
in Atlanta, Georgia.
CROSSROADS APARTMENTS Waite Park, MN:
Market value appraisal of a
119-unit apartment complex in
Waite Park, Minnesota.
CEDAR POINTE AND CAMERSON GARDENS, Raleigh, NC:
Market value appraisal reports
and litigation support for two
properties with a total of 400
units in Raleigh, North
Carolina.
WELLS FARGO BANK, Minneapolis,
Minnesota:
Appraisal of the Park Village
Mobile Home Park in Litchfield,
Minnesota.
SOUTHFORK VILLAGE TOWNHOMES Lakeville, MN:
Complete market value appraisal
of 25 eight-unit building
clusters of a luxury rental
townhome community in Lakeville,
Minnesota.
BDC MANAGEMENT Minneapolis & St. Paul, MN:
Market value appraisals,
consulting and litigation
support for four apartment
communities with a total of 214
units in Minneapolis and St.
Paul, Minnesota.
PARK AT CITY WEST LUXURY APARTMENTS Eden Prairie, MN:
Complete market value appraisal
of 288 luxury apartments in six
buildings in Eden Prairie,
Minnesota.
VALUATION GROUP LAND
DEVELOPMENT LAND AT COLONIAL
DOWNS New Kent, Virginia:
Analysis of development
potential and valuation of 60
acres of excess land at Colonial
Downs.
MARINE ON ST. CROIX, MINNESOTA:
Market value appraisal report
for a 160-acre site on Big
Marine Lake near Scandia,
Minnesota. Market value as-is
in fee simple estate.
DORSEY & WHITNEY, LLP,
Minneapolis, Minnesota:
Appraisal of a 75-acre site in
Medina, Minnesota.
WOODINVILLE, WASHINGTON:
Market value appraisal of 12.5
acres of land in Woodinville,
Washington.
UNIVERSITY OF MINNESOTA:
Market value appraisal of land
valuations for nine University
properties in Minneapolis,
Minnesota.
TARGET STORE:
Market value summary appraisal
report of retail land for Target
Store, located in West St. Paul,
Minnesota.
IOWA GAMING AND RACING
COMMISSION Statewide Gaming
Market Analysis and Revenue
Forecast:
Provided a comprehensive
statewide gaming market
assessment projections of gaming
revenues for all existing
operations, potential new gaming
locations, and analysis of
varied development scenarios and
the impact of those scenarios
upon existing operations.
PROPOSED PLAZA HOTEL & CASINO
Las Vegas, NV:
Market study, financial
projections, and complete as-is
and prospective valuation for
proposed luxury casino resort
project on the Las Vegas Strip.
Proposed development comprises
more than 2,000 hotel rooms,
along with gaming, upscale
retail center and residential
condominiums in a variety of
formats.
GENTING GROUP RESORTS WORLD
CASINO AT AQUEDUCT, Queens, NY:
Market study and revenue
projections for gaming
development at Aqueduct.
Marquette Advisors provided
detailed gaming revenue
projections under numerous
scenarios, assuming competitive
entries in the Catskills region
of New York and in neighboring
states.
JACOBS ENTERTAINTMENT, INC.
Casino/Hotel Valuation, Carson
City, NV:
Complete going concern valuation
of Gold Dust West Casino and
Hotel in Carson City, NV.
Marquette Advisors also provided
detailed highest and best use
analysis related to adjoining
accessory land at the property.
PENINSULA GAMING Casino
Feasibility Studies, Ft. Dodge
and Des Moines, IA:
Market study and financial
projections for proposed new
casino developments in Fort
Dodge and Des Moines, IA.
MINOR VENTURES, LLC Gaming
Market Assessment Suburban
Baltimore Maryland:
Market study, financial
projections for potential casino
in Anne Arundel County,
Maryland.
RENAISSANCE RESORTS
INTERNATIONAL CORPORATION,
Bermuda:
Comprehensive consulting
services for all aspects of
financing and development for a
proposed residential, gaming,
and resort project on the
island of Bermuda, at the site
of the former U.S. Naval
Refueling Base, Mid-Atlantic
Fleet. Marquette conceptualized,
programmed, and negotiated all
aspects of this development,
including $300m USD
capitalization structure.
PINNACLE ENTERTAINMENT Kansas
City Gaming Market Analysis:
Market study, development
recommendations and financial
projections for a proposed
resort gaming complex in
Wyandotte County, KS.
ISLE OF CAPRI, Casino Hotel
Market Studies - Kansas City and
Boonville, MO:
Market studies and financial
projections for proposed hotels
to be added to the Isle of Capri
Casinos in Kansas City and
Boonville.
FRENCH LICK CASINO, French Lick,
IN:
Market analysis, financial
projections and valuation
consulting on behalf of the
casino development team. This
project involved a major
renovation of the West Baden
Springs Hotel, the construction
of a new hotel, convention
center, and gaming complex, as
well as additional resort
amenities such as two
championship golf courses and an
upscale full-service spa.
NEMACOLIN WOODLANDS RESORT,
Farmington, PA:
Market study, financial
projections and economic impact
study for a proposed new casino
at this luxury resort in
southwestern Pennsylvania.
GREEKTOWN CASINO, L.L.C.,
Detroit, Michigan:
Feasibility study and economic
impact analysis for a proposed
casino complex in downtown
Detroit. Completion of all
financial and economic impact
input for submissions to the
City of Detroit in the RFP
process resulting in the award
of one of only three authorized
casino development agreements to
the client.
BECKER GAMING GROUP, Las Vegas,
Nevada:
Market study and financial
projections for a major
expansion of Arizona Charlie's
casino, bingo hall and hotel in
Las Vegas. Feasibility and
economic impact study for a
proposed riverboat casino in
Jefferson City, Missouri.
DUBUQUE DIAMOND JO CASINO,
Dubuque, Iowa:
Feasibility study for the
addition of a hotel to the land
based development of an existing
riverboat casino.
LADY LUCK GAMING CORPORATION,
Las Vegas, Nevada:
Market studies and financial
projections for a casino hotel
in Biloxi, Mississippi and a
casino expansion and hotel
addition in Lula, Mississippi.
Market study, financial
projections and market value
appraisal for a proposed hotel
connected to a riverboat casino
in Bettendorf, Iowa.
CASINO AMERICA, INC., Biloxi,
Mississippi:
Analysis of Mississippi Gulf
Coast gaming market and
subsequent strategic
recommendations and financial
projections for expansion of the
Isle of Capri Casino and Resort
in Biloxi, Mississippi.
Completion of similar strategic
analyses for Isle of Capri
Casino in Lake Charles,
Louisiana and Isle of Capri
Casino & Hotel in Bossier City,
Louisiana.
CLARIDGE GAMING, INC., Atlantic
City, New Jersey:
Market study, project
positioning and financial
projections for a proposed
casino resort development on the
Las Vegas Paiute Indian
Reservation in Las Vegas,
Nevada.
PRAIRIE MEADOWS RACETRACK, Polk
County, Iowa:
Feasibility study for the
financing of a complete track
renovation and installation of
1,100 slot machines, including
estimates of the impact upon
pari-mutuel handle.
GREATER DUBUQUE RIVERBOAT
COMPANY, Dubuque, Iowa:
Market analysis and projection
of total market gaming revenue
for installation of slot
machines at Dubuque Greyhound
Park.
WOODLANDS RACETRACK, Kansas
City, Kansas:
Feasibility study, economic
impact analysis and expert
testimony in bankruptcy
proceedings for the conversion
of the Woodlands Racetrack into
a full scale Class III Indian
casino.
SUPER G INVESTMENTS, Deadwood,
South Dakota:
Feasibility study and business
plan for a proposed casino and
resort in Deadwood.
MARKET & FEASIBILTIY CONSULTING
- TRIBAL GAMING
NAVAJO NATION, Window Rock, New
Mexico Comprehensive market
analysis, revenue forecast, site
review and development
recommendations for Arizona and
New Mexico
:
Market studies, feasibility
analyses and economic and social
impact analyses for the
development of five gaming
operations and related lodging
and other ancillary development
on tribal land in Arizona and
New Mexico. Marquette Advisors
analysis and recommendations
were utilized by the Navajo
Nation Gaming Enterprise (NNGE)
in the formulating a development
strategy for gaming facilities
on Navajo Nation land in both
states. The Marquette analysis
included a review of numerous
sites and development scenarios
and provided locational and
facility recommendations for
optimal market penetration and
revenue performance.
RUMSEY BAND OF WINTUN INDIANS,
Brooks, CA:
Market study, financial
projections and consulting
related to ongoing gaming
operations by the Rumsey Indian
Rancheria of Wintun Indians and
potential expansion of gaming
and resort components at the
Tribes Cache Creek Casino
in Brooks, California.
ST. REGIS MOHAWK TRIBE
PROPOSED CATSKILLS CASINO
RESORT, Monticello, NY:
Market study and financial
projections for a proposed
gaming facility and hotel
proposed by the St. Regis Mohawk
Tribe for New Yorks Catskills
Region.
TULALIP TRIBES, Tulalip, WA:
Feasibility study, financial
advisory services and
development consulting for a
proposed full-scale destination
resort project including casino,
hotel, convention center, golf
course and retail development on
a site just north of the Seattle
metropolitan area.
KICKAPOO TRADITIONAL TRIBE OF
TEXAS, Eagle Pass, TX:
Market study, development
recommendations and financial
projections for a proposed
casino expansion and major
lodging development at the
Kickapoo Lucky Eagle Casino in
west Texas.
POINTE MOLATE CASINO RESORT
DEVELOPMENT San Francisco, CA:
Market study, development
recommendations, financial
projections and feasibility
analysis for proposed major
resort, gaming, retail and
residential development fronting
San Pablo Bay near the
Oakland-San Rafael Bridge.
SPOKANE TRIBE OF INDIANS,
Welpinit, WA:
Market study, financial
projections and economic
benefits study for a proposed
2,000-position gaming facility
and an attached 200-room hotel
in the West Plains area near the
Spokane International Airport.
JEMEZ PUEBLO, Anthony, New
Mexico:
An economic impact analysis for
a proposed casino development on
newly designated trust land in
southern New Mexico. The report
analyzed the economic and the
projected fiscal impacts of the
project on both the local and
regional area.
ROUTE 66 CASINO, LAGUNA, New
Mexico:
Marquette Advisors was engaged
to identify a broad range of
amenities appropriate for this
highly visible casino located on
a major trans-continent
interstate near Albuquerque.
Concepts investigated included
hotel, conference center,
tourist-oriented retail,
destination retail, festival
grounds, bowling center,
childcare, cinema, RV park, and
a water park.
SOUTHERN UTE INDIAN TRIBE,
Ignacio, CO:
Feasibility study for proposed
new Sky Ute Casino Resort in
Ignacio, CO and a satellite
gaming facility near Lake Capote
in southwestern Colorado.
SAC & FOX TRIBE OF OKLAHOMA:
Market study analyzing the
Tribes existing gaming
operations and the potential for
redevelopment/repositioning
and/or expansion of those
facilities and the development
of additional gaming facilities
elsewhere in the region.
Saginaw Chippewa Tribal Nation,
Mount Pleasant, MI:
Feasibility study for proposed
expansion of gaming and resort
facilities at the Soaring Eagle
Casino and Resort in Mount
Pleasant, MI. Detailed analysis
of current facilities and
customer profile, assessment of
facilities and recommendations
regarding market-appropriate
expansion components for this
major resort complex.
HOTEL DEVELOPMENT AT GLACIER
PEAKS CASINO, Browning, Montana:
Hotel feasibility study with the
Blackfeet Tribe at the Glacier
Peaks Casino located in
Browning, Montana. Market
studies and financial
projections for a hotel to be
attached to the Glacier Peaks
Casino.
CONFEDERATED SALISH & KOOTENAI
TRIBES, Polson, MT:
Market study and financial
projections for gaming expansion
at the Tribes resort facility
on Flathead Lake, as well as a
full feasibility study and
recommendations for a gaming
facility north of Missoula, MT.
LITTLE RIVER BAND OF OTTAWA
INDIANS, Manistee, MI:
Feasibility study that
identified and evaluated six
alternative uses for vacant
casino building.
SOKAOGON CHIPPEWA TRIBE, Mole
Lake, Wisconsin:
Calculation of lost profits due
to casino closure, followed by
expert witness testimony.
LCO CASINO, Hayward, Wisconsin:
Completion of a market value
appraisal report for the LCO
Casino and adjacent expansion
land in Hayward, Wisconsin.
MILLE LACS BAND OF CHIPPEWA,
Onamia, MN:
Market study and feasibility
analysis for two casinos owned
by the tribe in support of bond
financing for infrastructure
improvement. Feasibility study
for a 180-room hotel addition
and event center to one casino
and a feasibility study for a
300-room hotel addition to the
other casino. Review of debt
coverage capacity under bond
covenants for both facilities.
Market study and appraisal of
Grand National Golf Course,
Hinckley, MN.
CASINO SAN PABLO, San Pablo, CA:
Feasibility analysis and
complete, self contained market
value appraisal report for a
proposed full-service casino
operation in the San
Francisco-Oakland Metropolitan
Area.
JACKSON RANCHERIA, JACKSON
CASINO, Jackson, CA:
Analysis of performance of
current casino and related
facilities, and potential impact
of additional competitive gaming
developments throughout the
competitive northern CA market.
Complete casino utilization
analysis, customer segmentation
by point of origin, and
financial projections under
varied scenarios.
REDDING RANCHERIA WIN RIVER
CASINO, Redding, CA:
Analysis of existing and
potential future market share
for Win River Casino.
Development of market
positioning analysis, facility
visitation and financial
projections under varied market
and development scenaris.
TULE RIVER TRIBE, Porterville,
CA:
Feasibility study for proposed
new Eagle Mountain Casino and
Resort near the Porterville
Airport. Also provided detailed
economic impact analysis on
behalf of the Tribe.
KLAMATH TRIBES KLA-MO-YA
CASINO, Chilquin, OR:
Market study and financial
projections for proposed hotel
and travel center development
adjacent to this Tribal casino
on State Route 97 in southern
Oregon.
NEZ PERCE TRIBAL ENTERPRISE
COMMITTEE, Lewiston, ID:
Master planning and market
advisory services related to
gaming, lodging, entertainment
and general real estate
development on Tribal lands in
Lewiston, Idaho.
JENA BAND OF CHOCTAW INDIANS,
JENA, LA:
Market study and financial
projections for both Class II
and Class III gaming facilities
in central Louisiana.
TREASURE ISLAND CASINO Red
Wing, MN:
Feasibility study for a 250-room
hotel addition to an existing
Indian casino near Red Wing,
Minnesota.
MECHOOPDA TRIBE, Chico, CA:
An economic impact analysis for
a proposed casino and hotel
development at a site near
Chico, California. The report
analyzed the economic and social
benefits of the proposed
project, as well as the
projected fiscal impacts of the
project.
THE AFFILIATED OREGON GAMING
TRIBES, Pendleton, Oregon:
Impact study on the economic
benefits of Indian gaming in the
State of Oregon on tribal, local
and state economies and tax
revenue generated to the state
and federal government, which
included onsite interviews with
each of the six participating
Oregon tribes.
COMANCHE, CHEROKEE AND CREEK
NATIONS OF OKLAHOMA:
Marquette Advisors was engaged
for separate assignments to
evaluate the impact that the
states proposed compacts would
have on the future cash flows
that each tribe would receive
from their casino operations.
In order to arrive at
projections of future cash flow,
the impact of competitive
racinos and charitable gaming
had to be evaluated. The tribes
relied on our economic analyses
in their decision to accept the
compacts.
CAMPO BAND OF MISSION INDIANS,
Campo, CA:
Market study and financial
projections for a hotel at the
Golden Acorn Casino and Travel
Center located in Campo,
California.
NORTHERN ARAPAHOE TRIBE,
Riverton, WY:
Feasibility study for a proposed
Class III gaming facility on the
Wind River Indian Reservation
near Riverton, Wyoming.
SEMINOLE TRIBE OF FLORIDA, INC:
Completion of financial
feasibility studies for a
proposed destination-oriented
casino and resort project in
south-central Florida. The
proposed project included a
gaming operation, hotel,
convention and entertainment
space, spa, and championship
golf course. Marquette Advisors
provided specific
recommendations regarding the
size and quality of the
facilities for the project, as
well as financial projections
for the first five years of
operation for the recommended
components.
AFFILIATED TRIBES, New Town, ND:
Feasibility study for a proposed
new casino and hotel complex on
the south shore of Lake
Sakakawea in west-central North
Dakota.
MECHOOPDA TRIBE, Chico, CA:
Market study and financial
projections for a proposed
casino and hotel development
near Chico, California.
GRAND CASINOS, INC.,
Minneapolis, Minnesota:
Market studies and projections
of gaming win for two Indian
casinos in Louisiana and two
dockside gaming operations on
the Mississippi Gulf Coast.
Market study, financial
projections and assistance in
preparing revenue assumptions
for the offering document for a
major mixed-use casino,
convention and golf resort
development in Tunica County.
PROPOSED PLAZA HOTEL & CASINO
Las Vegas, NV:
Market study, financial
projections, and complete as-is
and prospective valuation for
proposed luxury casino resort
project on the Las Vegas Strip.
Proposed development comprises
more than 2,000 hotel rooms,
along with gaming, upscale
retail center and residential
condominiums in a variety of
formats.
THE PLAZA HOTEL New York, NY:
Market value appraisal of The
Plaza Hotel and The Plaza Retail
collection in Manhattan.
THE CHAMBERS HOTEL
Minneapolis, MN:
Comprehensive market study,
feasibility analysis, financial
projections and prospective
appraisal for this proposed
boutique hotel within the
Hennepin Avenue Theater District
of downtown Minneapolis.
ANTELOPE POINT, Lake Powell
Page, AZ
Market study and financial
projections for a proposed hotel
development at the Antelope
Point Marina on Lake Powell,
near Page, AZ.
RADISSON HOTEL Roseville, MN:
Market value appraisal of
renovated full service hotel and
convention facilities in
Roseville, MN.
GREAT ADVENTURE HOTEL, Bellevue,
NE:
Market value appraisal of the
Great Adventure Hotel located in
the Bellevue, Nebraska.
CONSOLIDATED RAIL CORPORATION,
Pittsburgh, Pennsylvania:
Analysis of hotel development
potential and expert witness
testimony for a tract of land in
Columbus, Ohio in a taking
proceeding.
CASINO HOSPITALITY CORPORATION,
Minneapolis, Minnesota:
Market studies and financial
projections for casino hotels
attached to two Indian casinos
in Louisiana and two dockside
gaming operations in
Mississippi. Market studies and
financial projections for a
proposed Microtel in Turtle
Lake, Wisconsin and a proposed
Microtel in Eagan, Minnesota.
CASINO RESOURCE CORPORATION,
Elkhorn, Wisconsin:
Market Study and financial
projections and market value
appraisal for a proposed limited
service hotel in Hinckley,
Minnesota.
IOWA-ILLINOIS GAS AND ELECTRIC
COMPANY, Davenport, Iowa:
Market study for a proposed Quad
City Plaza Hotel in Davenport,
Iowa, developed by John Q.
Hammons.
CITY OF WAUSAU, Wausau,
Wisconsin:
Market study, financial
projections and analysis of
public funding alternatives for
a proposed exhibition hall and
convention hotel in downtown
Wausau.
CITY OF LACROSSE, LaCrosse,
Wisconsin:
Market Study and financial
projections for a proposed
convention hotel to be connected
to the LaCrosse Civic Center.
BEST WESTERN STEPHENSON HOTEL
-- Freeport, IL:
Appraisal of the full service
Best Western Stephenson Hotel in
Freeport, Illinois for possible
acquisition.
BEAR STEARNS, New York, New York:
Market value appraisal of $3.65,
56-room AmericInn Motel & Suites
located in Richfield, Minnesota.
CONVENTION, SPORTS & RECREATION
FACILITIES
CITY OF MARION, INDIANA
Proposed Ice Arena:
Market and financial feasibility
study for new sports arena and
event center in Marion, IN.
Market study evaluated the
marketability and likely
financial performance of the
arena, with a proposed USHL
minor hockey team as primary
tenant. Additional user groups
evaluated included universities
and colleges in the local
community and surrounding
region, as well as youth hockey
and figure skating. A detailed
analysis was also provided for
concerts, events and
conventions.
MINNEAPOLIS CONVENTION CENTER:
A feasibility study for a
proposed expansion of the
Minneapolis Convention Center.
ST. PAUL CIVIC CENTER:
Market study, financial analysis
and consulting services on
behalf of the St. Paul Port
Authority.
SEMINOLE TRIBE OF FLORIDA
Proposed Golf Course
Clewiston, FL:
Market study and financial
projections for a proposed gold
course in south-central Florida.
METROPOLITAN AIRPORTS
COMMISSION, Minneapolis,
Minnesota:
A feasibility study for a
proposed airport conference
center, along with consulting
services including the valuation
of the Gold Concourse, airport
terminal land, proposed
acquisition of new airport, and
condemnation related issues
regarding new north-south
runway.
CITY OF TROY, Troy, Michigan:
Feasibility study for a
convention center and performing
arts center. In addition to
market research and financial
projections for the two public
facilities, the need for
additional hotel rooms was
evaluated and appropriate
quality level, size, and
amenities were recommended.
CITY OF MANKATO, Mankato,
Minnesota:
Market study for a convention
center and arena to be used by
the community and Mankato State
University. Services included
interviews with area performing
arts groups, athletic programs
and state and regional
convention groups.
BLUE CHIP CASINO, Michigan City,
Indiana:
Market study for an expansion of
the casinos convention center
and the addition of a showroom.
