Douglas L. Nickel MAI, FRICS, joined Newmark Valuation & Advisory in 2017 and currently serves as a executive vice president and market leader for Delaware. In this role, Doug is responsible for business development; aggressively recruiting top appraisal professionals; continuing to provide outstanding service to clients; third party appraisal review services; and overseeing a team of appraisers in the Delaware office of Newmark.
Doug has been actively engaged in real estate valuation and consulting throughout the state of Delaware and the Mid-Atlantic region since the mid‐1980s. Doug has expertise in valuation and counseling on all major types of real estate, including commercial, industrial, office, mixed-use, multifamily housing, lodging, residential and commercial land development and special-purpose properties, with particular expertise in the valuation of investment-grade real property. Doug has performed specialized real estate valuations on air rights and avigation easements; cold storage/refrigerated facilities; sand, gravel and rock quarries; golf courses, sports facilities and fieldhouses; self-storage facilities; student housing; and road racing facilities.
Doug’s clients have included investment firms, law firms, lenders, corporations, private investors, institutions and public agencies. He has performed valuations for financing, equity participation, due diligence, condemnation, estate planning, right‐of‐way acquisitions and litigation support. Doug has also completed valuations and market studies for proposed, partially constructed, renovated and existing structures.
Doug joined Newmark from Integra Realty Resources, where he most recently served as a senior managing director of the Wilmington, Delaware office. Newmark acquired the Wilmington office along with several other IRR offices in 2017.
- Member, Delaware Council on Real Estate Appraisers (state licensing board), 2013 - 2019
- Chairman, 2016 - 2019
- Vice chairman, 2015 - 2016
- Delaware Chapter of the Appraisal Institute
- President, 2007 - 2008
- Board of Directors, 2009 - 2013
- Delaware Association of Appraisers (Past Member)
- President, 2010 – 2012
- Board of Directors, 2010 - 2013
Licenses and Designations
- MAI designation, Appraisal Institute
- Fellow, Royal Institution of Chartered Surveyors (FRICS)
- Certified general real property appraiser, state of Delaware; Certified general appraiser, commonwealth of Pennsylvania and state of Maryland
Doug is also qualified as an expert witness in U.S. Bankruptcy Court (Eastern District of Pennsylvania, District of Maryland, District of New Jersey), U.S. District Court (Eastern District of Pennsylvania, Southern District of Florida), State of Delaware Court of Chancery, State of Delaware Superior Court and New Jersey Tax Court, as well as in various local courts and boards.
A frequent guest speaker at meetings of appraisal and civic organizations, Doug most recently took part in a panel discussion at the March 2017 meeting of the REAL Professionals Network for senior-level commercial real estate professionals. In 2015, Doug discussed condemnation and the valuation process as a member of a panel convened by the environmental law firm of Archer & Greiner. Two years earlier, he was a co-speaker on motorsports facility valuation issues at AI Connect, the Appraisal Institute’s annual meeting.
Doug regularly lends his expertise to academic and professional associations. Most recently, he served as a panelist on the assessor oral examinations board of New Castle County, Delaware. Doug also was a guest lecturer on real estate finance at the University of Delaware in 2014, 2015 and 2016. In 2014, he was a guest lecturer on real estate capital markets at Villanova University.
Doug earned a Bachelor of Arts degree in economics from the University of Richmond. He has also successfully completed numerous real estate and related courses and seminars sponsored by the Appraisal Institute and others.