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Project Outline
Peter K. Shorett, MAI, CRE, CCIM provided
valuation services and litigation support to the Seattle Monorail
Project. Numerous properties along the Green Line were analyzed and
fair market value estimates were established for properties that were to
be used for Monorail stations. Many of the property owners contested
Seattle Monorail Project’s offers to purchase, resulting in significant
litigation support provided by our firm in support of our value
conclusions. While we worked directly with Seattle Monorail Project, we
interacted with their counsel and right-of-way agents to assist a smooth
transition in the pursuit of Seattle Monorail Project’s acquisition of
station sites.
Services Provided
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Market value estimates
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Litigation support
How GVAKM Added Value
We provided
independent, third-party valuations and strategic consultation regarding
the valuation of the properties and potential litigation actions to
Seattle Monorail Project representatives specific to potential value
challenges. Because of our services, none of the condemnation actions
ever went to trial with all cases settling out of court either through
negotiation or mediation.
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