Real Estate Development Expert Witness

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Real Estate Development Expert Witness

Provides Opinion & Testimony In:

Real Estate Economist, Economist Diminution of value real estate, Economist Historic trends real estate sales, Economist interest rates economy, Economist Division of assets, Economist real estate partnerships, Economist partnership separations, Economist Historic real estate development, real estate development future real estate development trends, Economist Viability proposed real estate developments, Economist Relocation costs in construction defect litigation, Economist DRE Department of Real Estate, Subprime mortgage analysis, Subprime mortgage research

Professional Experience

1982 – Present
Chief Consulting Economist
Economic and Financial Services Consulting Organization

Expert has almost 30 years ongoing experience in providing a wide
range of economic / finance / banking / real estate / valuation
consulting services on an efficient and cost effective basis,

In addition to providing significant economic / finance consulting
services, Expert has served as an expert witness for many of the
nation’s top law firms and hundreds of regional / local firms in over
1,500 cases (350+ depositions) on both sides of the aisle in 20+ states
since 1984.  Expert has served in many areas including – banking,
economics, economic damages, real estate, IP, securities, corporate
finance, healthcare and associated areas.

1977 – 1982
Vice President of Finance
Real Estate Development Company

Responsible for a wide range of real estate development activities
for – single family subdivisions, apartment projects, office buildings
and mixed use developments.  Oversaw origination and administration of
construction and development loans, joint ventures and creation of
Municipal Utility Districts (MUD’s).

1974 – 1977
Manager for Greek Shipper
Costas Lemos [dec’d]

Acquired, managed and developed a significant number of properties
and projects for the international billionaire Greek Shipper’s private
family real estate holding organization on an international basis.

1970 – 1974
Assistant Treasurer
New York Money Market Bank
New York, New York

Corporate Bank Officer and Manager for a significant Commercial Loan
Portfolio, with a specialization in New York City real estate and mid
market commercial lending.


Holder of four (4) degrees from New York University:

Doctorate  – Urban Economics (1980) Master of Arts  – Economics (1972)
Master of Business Administration  – Corporate Banking (1969) Bachelor of Science  – Corporate Finance (1967)

Economic / Finance Teaching Experience

2002 – Present
Adjunct Professor of Finance and Economics
University of Phoenix (Houston Division)

1984 – 2002
Adjunct Professor of Finance,
University of Houston, Graduate School of Business Administration

Corporate Board Memberships

Has served as Chairman of the Board of Directors for the Federal Home
Loan Bank of Dallas as Agent for the Federal Savings and Loan
Insurance Corporation of – Acadia Savings and Loan Association, French
Market Homestead Savings, Twin City Savings, First Savings of Louisiana.
1988- 1990.

Integrated Resource Technologies – Chairman – 1992-1995

Presently, Senior Consulting Economist and Member of Board of
Directors of a Publicly Traded Oil and Gas Corporation; 2005 to

Professional Licenses and Affiliations

  • Certified Forensic Loan Auditors – Mortgage Securitization Auditor Training Course 2011
  • Texas State Certified General Real Estate Appraiser
  • Texas Real Estate Broker
  • Registered Investment Advisor
  • Securities and Exchange Commission – Investment Advisors Act of 1940
  • Full Registration / General Securities (Series 7) License (1989 – 1993)
  • Texas Securities (Series 63) License (1989 – 1993)
  • Listed in all Editions of “Who’s Who In America” since the 45th  Edition
  • Certificate of Distinction – New York University  – 1980
  • Certificate of Academic Service – University of Houston – 1993


  • National Association of Business Economists
  • National Association of Real Estate Appraisers
  • American Academy of Economic and Financial Experts
  • American Law and Economics Association
  • Houston Business Economists
  • National Forensic Center
  • National Association of Forensic Economists
  • American Economic Association
  • North American Economics and Finance Association
  • Southern Economic Association
  • Western Economic Association
  • Finance Club (Affiliated with New York University)
  • Money Marketeers (Affiliated with New York University)


Founder and CEO of a Financial and Economic Consulting Organization
since 1982.  The Company Is experienced in many areas of – Economics,
Finance, Economic Damage Analysis (including Business and Technology
Losses), Banking, Business, ESOP and Business Valuations, Securities,
Healthcare, Fairness and Advisory Opinions, Intellectual Property
Valuations, Real Estate and Corporate Finance.

The company both prepares Institutional Economic / Finance Reports,
Feasibility Analysis, Corporate Business Plans and Provides Litigation
Support (having been qualified In both State and Federal Courts) in
the areas of – Economics, Real Estate, Banking, Corporate and IP
Valuations, Class Actions and Finance.

The Senior Economist is also a Speaker at Business, Economic, Banking and Real Estate seminars on a nationwide basis.

Representative Client List

Available Upon Request


Available Upon Request


Winter 2008 Newsletter

The ‘Real’ Real Estate Situation