Real Estate Damage Economics
Real Estate Damages involves studying the economic impact of detrimental conditions, including issues such as environmental contamination, construction and title defects, legal conditions, geotechnical problems, natural disasters and proximity effects. The economic damages associated with detrimental conditions amount to well over $50 billion annually nationwide. Additional, many frivolous claims allege damage where no legitimate damage has occurred, or that overstate damage impacts.
Our firm, Bell Anderson & Sanders LLC, specializes in real estate damage economics. We utilize advanced valuation methodologies to determine what impact, if any, a detrimental condition might have on property values. Our clients include government agencies; oil, insurance and utility companies; corporations; developers; lenders and property owners. We were retained on Hurricane Katrina, the Bikini Atoll Nuclear Test Sites, the World Trade Center and Flight 93 Crash Site, the largest climate, environmental and terrorist cases in the history of the world.