As we wrap up the second quarter of 2026, I’d like to thank our clients, attorneys, property owners, lenders, and industry partners for your continued trust in Simonson Appraisals. It has been another busy quarter filled with meaningful growth, exciting projects, and continued investment in our team. Strengthening Our Commitment to Clients In April, our…
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Consistency, Clarity, Credibility: Our Approach to Complex Assignments
In a stable real estate market or when appraising traditional commercial properties, there is a pretty standard appraisal process to follow to deliver a credible appraisal report. In recent years, we’ve continued to accept the invitation from numerous clients to appraise unique and highly complex valuation assignments. It’s required us to elevate our standards and…
Appraising Highway Right-of-Way Projects: Balancing Public Need with Property Owner Fairness
Over the last two years, Simonson Appraisals has completed multiple portfolio assignments for highway right-of-way (ROW) expansion and reconfiguration projects across Minnesota and North Dakota. These projects involved 20+ properties at a time, requiring consistent methodology, fast turnaround, and clear communication with engineering firms managing acquisitions on behalf of the state Departments of Transportation (DOTs). Our…
Case Study: Appraisal Helps in Significant Property Tax Savings Achieved for Full Service Hotel
Overview:Simonson Appraisals recently assisted in a property tax appeal involving a 200+ room full-service hotel in the Minneapolis/St. Paul metropolitan area. Our client was the property owner, who was represented by local property tax appeal attorneys. Simonson Appraisals conducted an appraisal report and was prepared to testify at trial. The case settled shortly before the…
MREJ Mid-Year Apartment Summit
Insights from the Simonson Appraisals Team Panel 1: Development in Minnesota The Itasca Project aims to add 18,000 new units annually to offset the slowdown from the Great Recession. In both 2024 and 2025, approximately 12,000 units are projected—about two-thirds of the target. Population growth in the Twin Cities has rebounded, with the region now…
Downtown Minneapolis CRE Market Update
Downtown Minneapolis, despite current headlines in real estate and news articles, remains a major driver of our economy and state. We need a thriving downtown economic engine. It spills out into every aspect of the economy and beyond. With many great speakers, here are my top distinctions from the Downtown Minneapolis Summit hosted by the…
Create More Impact, Fun and Time In Your Life!
In addition to being committed to the profession of appraising commercial real estate, our team is comprised of human beings seeking to continually improve across all facets of life. Whether its showing up as the best parent, partner or friend or striving to raise our standards of health and productivity, a steady commitment to constant…
Top 6 Commercial Appraisal FAQ’s
So, you are getting ready to request an appraisal on a potential commercial property deal but have a few questions before you decide on what appraisal company to use. We’ve compiled the top six most frequently asked questions about our industry and appraisal reports so that you can navigate the appraisal world with ease. Let’s…
MINNEAPOLIS MULTI-FAMILY TRENDS – IMPACTS OF 2020
Simonson Appraisals had a unique opportunity to do a deep dive in 2020 to develop an understanding of the impact of multiple factors affecting the Minneapolis apartment market. Our firm appraised a portfolio of apartment buildings in the Loring Park neighborhood in March 2020 two weeks after COVID-19 was announced as a global health pandemic….
2020 Banking and Construction Lending Trends for Minnesota
On March 11, 2020, the World Health Organization announced COVID-19 as a global pandemic (this day also happens to be my birthday so good or bad, it’s an easy date for me to remember). Since then, market uncertainty has caused commercial investors to increasingly worry whether their commercial appraisal analyses are accurate. At Simonson Appraisals,…