LOS ANGELES – Global commercial real estate services firm Cushman & Wakefield has expanded its footprint in Southern California and beyond, assembling a team of eminent domain experts with vast experience in some of state’s largest public works projects.
Joining the Valuation & Advisory (V&A) team in Los Angeles will be four new hires with public right-of-way appraisal expertise, adding to V&A’s unique combination of industry-specific knowledge and global reach capable of serving all types of valuations.
The team will be led by Executive Directors Rick Donahue and Kevin Donahue (no relation), along with associates Mark Wallen and Denyse Neville. The entire team joins the Cushman & Wakefield global family from the firm Overland, Pacific & Cutler LLC (OPC) in Long Beach, Calif.
Rick Donahue, MAI, returns to Cushman & Wakefield with more than 35 years of experience in the appraisal of real estate and business properties, including right-of-way acquisition, tax dissolution, leased fee & leasehold interest, easements, and current value portfolio appraisals and reviews. Mr. Donahue has served public agencies, developers, investors, banks, portfolio advisors, utility companies, attorneys, fund advisors, non-profit companies, and private parties. Most recently, he was director of the appraisal team at OPC, where he oversaw the appraisal process for some of the largest public-works projects in the State of California.
Kevin Donahue, MAI, has more than 32 years of experience in real estate appraisal and appraisal management in Southern, Central and Northern California, serving both public and private clients, as well as providing expert testimony in right of way cases. Most recently, Mr. Donahue established and managed the appraisal team at OPC, where he worked on numerous large transportation projects including the State Route 91 Freeway widening project, the I-15/I-215 interchange project, the California High Speed Rail Project in Central California, the I-405 Freeway project and the I-10 Improvement Project.
Mark Wallen, has more than 17 years of experience working in professional environments. Since 2010, he has completed appraisal assignments of multiple property types including land, commercial, industrial, single and multifamily residences for public acquisition or estate planning purposes. Mr. Wallen has been involved in the appraisal of municipal- and county-owned properties and participated on large-scale public transportation and utility projects involving 20 or more properties.
Denyse Neville, has six years of experience as an appraisal assistant, analyst and technician working most notably on the I-405 Improvement Project in Orange County and the I-10 Corridor Project in San Bernardino County.
The hires are the latest in a string of key personnel acquisitions for Cushman & Wakefield’s Valuation & Advisory team. The V&A team valued over 31,740 properties in the U.S., valued at more than $1.16 trillion (USD) last year.
“I couldn’t be more excited to welcome this stellar team to the Cushman & Wakefield family in Southern California, where infrastructure needs and population growth will continue to drive this market,” said Michele Kauffman, Executive Managing Director in the Los Angeles office. “Their expertise will vastly bolster our reach in the region and immediately make us a leader in the appraisal of real estate for transportation and utility projects and in eminent domain cases for both the public and private sectors.”
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, advisory and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
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