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The Real Estate Damages practice was founded by Randall Bell and Orell Anderson in 1992 at Bell & Associates, Inc. In 1997, they founded the Real Estate Damages practice at Price Waterhouse where they were joined by Mike Sanders. Soon after the merger with Coopers, the team established the practice at Bell Anderson & Sanders, LLC.

The practice has one of the largest Real Estate Damages libraries in the world, and each principal has testified in court as an expert witness. Some of the group’s significant assignments include:

World Trade Center: Consulted for the owner of the former World Trade Center site, the Lower Manhattan Redevelopment Corporation, as to the highest and best use of the site, as well as the economics of the site as a memorial.

Katrina Hurricane: Determined the economic damages caused by Hurricane Katrina, and related damages. Retained by an oil company.

Bikini Atoll Nuclear Test Sites: Retained by the Nuclear Claims Tribunal to determine the loss of use of islands and atolls resulting from nuclear testing on the Bikini Atoll.

Flight 93 Crash Site: Consulted with the owner of the Flight 93 Crash Site on September 11th.

Hawaii Tankfarm Leak: Computed losses for three major oil companies resulting from a tankfarm leak.

Via Estoril Landslide in Laguna Niguel: Computed damages caused by the sudden 125 foot drop of several homes.

Crime Stigma: Calculated economic damages caused by various crime scenes, including the Jon Benet Ramsey house, the Heaven’s Gate Mansion and the Nicole Brown Simpson Condominium.

Nebraska Floods: Estimated damages caused by building in a flood plain.

New Jersey Durham Woods Pipeline Explosion: Researched the market resistance (stigma) from a catastrophic pipeline explosion that destroyed numerous apartment buildings.

Landfills: Evaluated any impacts resulting from landfills and methane gas in Seattle, Los Angeles, Hawaii, and elsewhere.

Northridge Earthquake: Determined the property damage resulting on homes, commercial properties and industrial properties in the aftermath of the Northridge Earthquake.

Randall Bell, MAI

Mr. Bell specializes in real estate damage economics and valuation. This includes environmental, geotechnical, construction defects, natural disasters, eminent domain, leases and other conditions that may impact property values. He is experienced in diminution-in-value studies involving a wide variety of property types and damage issues for government, oil and utility companies and property owners.

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Orell Anderson, MAI

Principal with Bell Anderson & Sanders LLCs, Real Estate Damages Practice. Mr. Anderson is experienced in valuation and diminution-in-value issues involving commercial, industrial, subdivisions and vacant land properties, as well as single- and multi-family residences. Diminution issues include environmental contamination, soil or geotechnical construction conditions, eminent domain, natural disasters, construction defects, and tragedy.

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Michael V. Sanders, MAI, SRA

Mr. Sanders has extensive experience in the valuation and evaluation of real property for corporate clients, financial institutions, attorneys, public and governmental agencies, including vacant land, residential, commercial, industrial and special purpose properties. Mr. Sanders has performed real estate damage analysis involving a variety of detrimental conditions, specializing in value diminution associated with title issues, geotechnical failures, construction defects and proximity studies.

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