Real Estate Journal — Central PA — December 9 - 22, 2016 — 9C
www.marejournal.com
M id A tlantic
C entral PA
Bringing over 10 years of experience in the appraisal industry Chicorelli joins Principle Real Estate Consultants as Partner
Y
commercial appraisal work, assist with day-to-day com- pany operations, and serve as a critical leader of the firm’s continued growth. “As partner, I look forward to helping guide the firm’s continued growth while stay- ing true to the firm’s values of leadership, trust, innovation and guidance,” said Chicorelli. “This is an industry I am passionate about, so working with an innovative firm that combines industry experience with forward-thinking tech- nology to better meet client needs is a natural fit.”
Chicorelli holds an MAI designation from the Appraisal Institute. He is a member of the Maryland Chapter of the Appraisal Institute and will begin serving as the vice president of the Chapter in 2017. Chicorelli holds certified general appraiser licenses in Maryland, Virginia, Wash- ington D.C. and Delaware. He earned his master’s degree in environmental science from Johns Hopkins University and his bachelor’s degree in biology, along with a minor in chemistry, from Towson University. n
ORK, PA — Principle Real Estate Consul- tants , a full-service
Hlubb , founder and managing partner of Principle Real Es- tate Consultants. “Since then, we’ve seen continuous growth in both our team and clients. Michael’s expertise and dedi- cation to the appraisal field is a great asset, and we look forward to his leadership.” Chicorelli joins Principle with over 10 years of experi- ence in the appraisal indus- try. He most recently served as a senior appraiser with Valbridge Property Advisors | Lipman Frizzell & Mitchell. Prior to beginning his career in valuation, he worked as an
environmental engineer and consultant. Chicorelli has experience in valuations of various real estate property types including office build- ings, apartments, warehouse, flex buildings, residential subdivisions, schools, church- es, shopping centers, and mixed use properties. He has been qualified as an expert witness for numerous court cases including U.S. Federal Bankruptcy Court and the State of Maryland Tax Court. In his new role as partner of Principle Real Estate Consul- tants, Chicorelli will handle
real estate c o n s u l t i n g firm with of- fices in York; Ellicott City, Ma r y l a n d ; a n d t h e Washington D. C . a r ea , announ c e d
Michael Chicorelli
the addition of Michael Chicorelli, MAI of Elkridge, MD as partner. Since begin- ning operations in March 2015, the firm has tripled its team of experts to meet their growing client base in Maryland, Delaware, South Central Pennsylvania, D.C., and Northern Virginia. “In 2015, we launched as a small firm looking to make a big impact on how the indus- try does business,” said Ryan Leased property: An estate for years . . . clause can be provided to solve the problem. The owner will usually agree in this situation, since the alternate provision might be for a cancellation of the lease. A good counter-offer from the owner in this situationmight be a “right of approval” of a sub- tenant. There might be other things that the owner wants into the lease regarding the use, etc., of a sub-lease tenant. All must be negotiated. The Profits •Our example of the commer- cial space leased for $10,000.00 and sub-let for $11,300 showed a $1,300 a month cash flow. • One speculator, when look- ing through an area for a com- mercial property, noticed a well-located house with an owner’s “for rent” sign. He inquired and leased the house for his own use. A few months later, he moved from the prop- erty, but was able to sub-lease the house for a $500 a month profit. (Note: This is getting into a dangerous area. The original lessee would probably be liable for any damages to the home. Take care!) Daniel J. Alderman spe- cializes in office, industrial and commercial transac- tions in the Harrisburg Area for NAI CIR. n continued from page 7C
Made with FlippingBook - Online Brochure Maker