Baker Program in Real Estate Distinguished Speaker Series- Rick Latella, SHA P '10,'12 and Eric Lewis
Rick Latella entered real estate in 1975 in sales and residential appraising with Warren W. Orpen & Associates, a local real estate appraisal, brokerage and insurance firm. In 1977, he joined the New Jersey Division of Taxation as a Supervisor in the Local Property Tax and Public Utility Branch. While assisting and advising state taxpayers on a myriad of issues, he completed the necessary course work and required examination to become a Certified Tax Assessor in New Jersey. In 1980, he shifted to a career in commercial real estate valuation with Valuation Counselors Inc., a national multi-disciplined commercial and institutional valuation firm in their Princeton, New Jersey office. In1982, he was promoted to Senior Appraiser. Mr. Latella joined Cushman & Wakefield’s then-national headquarters in Philadelphia in 1983 as a Senior Appraiser. By the mid-to-late 1980s he began to develop a core specialization in retail valuation, with an emphasis on regional/superregional malls. His relocation to Cushman & Wakefield’s World Headquarters in 1988 directly addressed a need to better serve global capital providers and institutional clients that lend on significant retail properties. Recognizing this need, Mr. Latella helped establish Cushman & Wakefield’s first specialty appraisal practice in 1990 devoted exclusively to the retail asset class. Over the ensuing years Cushman & Wakefield’s Valuation & Advisory group has built its business model around specialization and now has over 20 specialty practices across a myriad of industries and property classes. He currently serves as Executive Managing Director, Practice Group Lead for the Retail practice group. This group is comprised of approximately 120 senior-level appraisers specializing in regional malls, department stores, and other major retail property types in 99 markets around the world. In 2014 the global team completed nearly 13,000 appraisals and his domestic team completed valuations on 14 of the top 20 sales and financing transactions in the United States. Mr. Latella’s appraisal and consulting assignments have been international in scope and have included a full array of property types, including commercial, industrial, multifamily residential, hotels and special-use properties such as hospitals and nursing homes. He is qualified as an expert witness in retail matters and testified in bankruptcy litigation cases. He has been a guest speaker before numerous real estate and advisory organizations throughout the world. Eric B. Lewis is the Executive Managing Director and Practice Lead of the Hospitality & Gaming group within Cushman & Wakefield’s Valuation & Advisory division. Global Hospitality & Gaming consists of approximately 41 senior valuation professionals dedicated to the hospitality industry. In 2015, the group was responsible for appraising properties valued at more than $96 billion, involving virtually every hospitality & gaming property type, including full-, limited-, and select-service hotels, conference centers, timeshares, fractionals, resorts, condominium hotels, traditional land-based casinos, racetracks, riverboat casinos, Native American casinos, and racinos. Work scope includes appraisals, feasibility studies, market surveys, litigation support, and investment analysis. Mr. Lewis has been dedicated to the hospitality field for more than 18 years. He has personally completed appraisal, advisory, and consulting assignments on all hospitality property types across the Americas, APAC and EMEA, and is a sought-after expert witness in hospitality-related litigation support cases.
Statler Hall 198
- Graduate Students
- Kathy Terry