Joseph R. Calvaneso, MAI, joined Newmark Valuation & Advisory in 2019 and serves as a First Vice President and the Multifamily Team Leader for Michigan. Joe has a decade of appraisal experience and has valued scores of properties within the core retail, office, industrial, and multifamily property types, as well as a wide variety of special-use properties.
For several years, he specialized in the retail and multifamily sectors. Within retail, Joe has appraised the full spectrum, ranging from build-to-suit single-tenant net-lease (STNL) assets existing and proposed to 300,000-SF+ shopping centers. Additionally, his demonstration of knowledge requirement was for a multi-tenant retail shopping center. His multifamily experience is just as vast, including existing and proposed market-rate housing, subsidized and LIHTC properties, student housing, and senior independent living facilities.
Though focused primarily in Michigan and the Midwest, Joe has appraised, consulted, or analyzed real estate in 13 states and Europe, providing guidance and opinions of value under a variety of scenarios including market, insurable, disposition, liquidation, investment, and go-dark values for acquisitions, dispositions, speculative development, build-to-suit development, distressed assets, fundamental market analyses, and completion and stabilization scenarios, among others.
Licenses and Designations
- MAI designation, Appraisal Institute
- Certified general real estate appraiser, state of Michigan (License # 1201074008)
Education
Joe earned a Bachelor of Science degree with a focus in Finance with honors from Oakland University.