Colby Scruggs, MAI, currently serves as a Senior Vice President in the Newmark Valuation & Advisory’s Rutherford, New Jersey office, bringing more than 15 years of commercial real estate appraisal and consulting experience. Scruggs has substantial expertise in the valuation of commercial real estate properties including appraisals, market studies and feasibility analysis of a wide variety of property types. His experience includes apartment, mixed-use, condominium, retail, industrial, office and vacant land parcels throughout New Jersey with a specialization in multifamily, mixed-use and proposed development properties.
Scruggs joined Newmark after serving as a Senior Appraiser for seven years with CBRE, Inc. In this capacity, Scruggs was responsible for leading the multifamily specialty group within northern and central New Jersey.
Licenses and Designations
- MAI Designation, Appraisal Institute
- Certified general real estate appraiser in the states of New Jersey and New York
Education
Scruggs earned a Bachelor of Business Administration degree in finance with a focus on real estate from the University of Connecticut.