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B. Riley Financial Launches Review of Strategic Alternatives for Appraisal and Retail, Wholesale & Industrial Solutions Businesses

Retrieved on:

Thursday, February 29, 2024

LOS ANGELES, Feb. 29, 2024 /PRNewswire/ -- B. Riley Financial, Inc. (Nasdaq: RILY) ("B. Riley" or the "Company") today announced that it has retained Moelis & Company LLC as an independent financial advisor to assist in its review of strategic alternatives for the Company's Appraisal and Valuation Services, and Retail, Wholesale & Industrial Solutions businesses (collectively formerly known as "Great American Group"), which could include a potential sale or other transaction.

Key Points:

B. Riley acquired Great American Group ("Great American") through a strategic combination in 2014.
This business is currently carried on the Company's balance sheet at a book value of approximately $35 million.
Strategic and financial buyers are looking to acquire specialized financial services that deliver robust free cash flow at attractive margins.
The Company does not intend to comment further regarding the review until it determines disclosure is necessary or advisable.

Appraisal Institute Board President Testifies Supporting Expanded Opportunities for Appraisers in Federal Land Management and Conservation Efforts

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Thursday, February 1, 2024

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WASHINGTON, Feb. 1, 2024 /PRNewswire/ -- Appraisal Institute Board President Sandra Adomatis, SRA provided expert testimony before the House Natural Resources Committee Subcommittee on Federal Lands in support of H.R.

Key Points:

WASHINGTON, Feb. 1, 2024 /PRNewswire/ -- Appraisal Institute Board President Sandra Adomatis, SRA provided expert testimony before the House Natural Resources Committee Subcommittee on Federal Lands in support of H.R.
The 2024 Appraisal Institute Board President also discussed the investment the Appraisal Institute is making to recruit and train new generations of professional appraisers, including the Appraisal Diversity Initiative (ADI), the Practical Applications of Real Estate Appraisal (PAREA) program and growing collaborations with colleges and universities.
Also noted was other pro appraiser legislation the Appraisal Institute is supporting such as the H.R.
The Appraisal Institute is the leading professional association of real estate appraisers.

The Appraisal Foundation Opens Call for Board of Trustees Members

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Wednesday, January 24, 2024

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The Board of Trustees provides financial support and oversight to the Foundation's two independent boards, the Appraiser Qualifications Board and the Appraisal Standards Board.

Key Points:

The Board of Trustees provides financial support and oversight to the Foundation's two independent boards, the Appraiser Qualifications Board and the Appraisal Standards Board.
The Board meets twice a year, and, while Trustees are reimbursed for travel expenses, they are not compensated for their time.
The Board of Trustees includes individuals from all appraisal disciplines, users of appraisal services, former appraiser regulators, academics, business leaders and community advocates.
The Appraisal Foundation believes that diversity enhances the quality of its boards.

Valbridge Property Advisors Names Pledger M. (Jody) Bishop III, MAI, SRA, AI-GRS, CRE Interim CEO

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Thursday, January 11, 2024

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CHARLESTON, S.C, Jan. 11, 2024 /PRNewswire-PRWeb/ -- Valbridge Property Advisors, the nation's largest independent commercial real estate appraisal firm, is pleased to announce the appointment of Pledger M. (Jody) Bishop III, MAI, SRA, AI-GRS, CRE, as Interim Chief Executive Officer. With a distinguished career spanning over 35 years, Bishop brings a wealth of expertise in real estate appraisal, with a particular focus on litigation work.

Key Points:

Valbridge Property Advisors, the nation's largest independent commercial real estate appraisal firm, is pleased to announce the appointment of Pledger M. (Jody) Bishop III, MAI, SRA, AI-GRS, CRE, as Interim Chief Executive Officer.
CHARLESTON, S.C, Jan. 11, 2024 /PRNewswire-PRWeb/ -- Valbridge Property Advisors, the nation's largest independent commercial real estate appraisal firm, is pleased to announce the appointment of Pledger M. (Jody) Bishop III, MAI, SRA, AI-GRS, CRE, as Interim Chief Executive Officer.
Known previously as Atlantic Appraisals, LLC and founded in 1986, it became the Valbridge Property Advisors | Charleston where Jody practices today.
Bishop will assume the role of Interim CEO effective January 1, 2024, overseeing the strategic direction and day-to-day operations of Valbridge Property Advisors.

McKissock Learning Announces the National Rollout of the Official 2024-2025 7-Hour On-Demand Update Course for Uniform Standards of Professional Appraisal Practice (USPAP)

Retrieved on:

Monday, October 2, 2023

McKissock Learning , the leading national provider of online education for real estate appraisers, today announced the rollout of the official 2024-2025 7-Hour National Update Course for the Uniform Standards of Professional Appraisal Practice (USPAP), written by The Appraisal Foundation.

Key Points:

McKissock Learning , the leading national provider of online education for real estate appraisers, today announced the rollout of the official 2024-2025 7-Hour National Update Course for the Uniform Standards of Professional Appraisal Practice (USPAP), written by The Appraisal Foundation.
McKissock Learning has been the exclusive provider of The Appraisal Foundation’s national on-demand USPAP update course since 2012.
“The Foundation is pleased to once again partner with McKissock to develop an on-demand version of the 2024-2025 7-Hour National USPAP Update Course,” said The Appraisal Foundation President Dave Bunton.
McKissock will also offer the 7-Hour National USPAP Update Course via livestream as well as an in-person classroom version.

Cindy Chance Named New Appraisal Institute CEO

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Friday, August 18, 2023

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CHICAGO, Aug. 18, 2023 /PRNewswire/ -- The Appraisal Institute, the nation's largest professional association of real estate appraisers, announces that Cindy Chance has been named Chief Executive Officer.

Key Points:

CHICAGO, Aug. 18, 2023 /PRNewswire/ -- The Appraisal Institute, the nation's largest professional association of real estate appraisers, announces that Cindy Chance has been named Chief Executive Officer.
"The heritage, integrity and professionalism of the Appraisal Institute spoke to me throughout the process of meeting with its leadership and highly engaged members," Chance said.
Chance most recently served as executive vice president and member of the Leadership Team of the Urban Land Institute, the world's leading professional association for commercial real estate.
Stay connected with the latest news from the Appraisal Institute:

Aloft Teases a Groundbreaking Appraisal Toolkit at Valuation Expo: A Glimpse into the Future of Real Estate Appraisals

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Monday, August 7, 2023

Technology, Construction & Property, Urban Planning, REIT, Landscape, Interior Design, Software, Other Construction & Property, Residential Building & Real Estate, The Writing on the Wall, Development, Department of Defense Cyber Crime Center, Appraisal, Multimedia, Engineering, Real estate, List of ship directions

Aloft , a visionary leader in real estate appraisal technology, has provided an exclusive first look of its upcoming Appraisal Toolkit at this year’s Valuation Expo.

Key Points:

Aloft , a visionary leader in real estate appraisal technology, has provided an exclusive first look of its upcoming Appraisal Toolkit at this year’s Valuation Expo.
This tantalizing glimpse into the future of property appraisals showcases a new direction in accuracy, efficiency, and innovation.
Aloft’s CEO, Travis Soukup , expressed his excitement about the teaser, saying, “We can't wait to reveal more of what we showed today at Valuation Expo.
Aloft is a technology company that brings modern solutions to the real estate valuation industry.

Appraisal Standards Board Responds to Public Feedback

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Thursday, February 16, 2023

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WASHINGTON, Feb. 16, 2023 /PRNewswire/ -- The Appraisal Standards Board today announced they plan to release a Fifth Exposure Draft of proposed changes to the Uniform Standards of Professional Appraisal Practice (USPAP) following feedback from appraisers, regulators and the public.

Key Points:

WASHINGTON, Feb. 16, 2023 /PRNewswire/ -- The Appraisal Standards Board today announced they plan to release a Fifth Exposure Draft of proposed changes to the Uniform Standards of Professional Appraisal Practice (USPAP) following feedback from appraisers, regulators and the public.
"The public comments we receive on every exposure draft are invaluable in helping us draft standards," said Appraisal Standards Board Chair Michelle Czekalski Bradley.
All exposure drafts are developed by the Appraisal Standards Board and released for public comment.
The Appraisal Standards Board will announce when the next exposure draft is available, including a public comment deadline and webinar to outline the proposed changes.

The Appraisal Foundation Opens Applications for Board of Trustees

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Thursday, January 19, 2023

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WASHINGTON, Jan. 19, 2023 /PRNewswire/ -- The Appraisal Foundation announced today that it is seeking qualified candidates to fill five at-large trustee positions for its governing body, the Board of Trustees.

Key Points:

WASHINGTON, Jan. 19, 2023 /PRNewswire/ -- The Appraisal Foundation announced today that it is seeking qualified candidates to fill five at-large trustee positions for its governing body, the Board of Trustees.
"The work of The Appraisal Foundation's independent boards would not be possible without the skillful guidance of the Board of Trustees," said David Bunton, president of The Appraisal Foundation.
The Board of Trustees provides financial support and oversight to the Foundation's two independent boards, the Appraiser Qualifications Board and the Appraisal Standards Board.
The Board of Trustees includes individuals from all appraisal disciplines, users of appraisal services, former appraiser regulators, academics, business leaders, as well as community and consumer advocates.

ALYSSA D. QUINLAN APPOINTED CEO OF HINDMAN

Retrieved on:

Monday, January 9, 2023

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CHICAGO, Jan. 9, 2023 /PRNewswire/ -- Hindman, a leading national fine art auction house with a global buyer base, has promoted Alyssa D. Quinlan to the role of Chief Executive Officer. She steps into the leadership role after three highly-successful years as Chief Business Development Officer, a period in which Hindman increased annual sales by 43%. In 2022, the company recorded its highest-ever annual sales total and expanded its presence to New York, its 16th location in the U.S.

Key Points:

She steps into the leadership role after three highly-successful years as Chief Business Development Officer, a period in which Hindman increased annual sales by 43%.
She returned to the auction sector in 2019, joining a newly re-launched Hindman, created from the merger of Leslie Hindman Auctioneers and Cowan's Auctions.
Jay Krehbiel, Co-Chairman and CEO of Hindman since 2018, appointed Quinlan as his successor in the CEO role.
In her new capacity, Quinlan oversees strategy and day-to-day operations for Hindman, which specializes in providing full-spectrum appraisal and auction services to private collectors, estates, and cultural institutions.