Item 17 - Public Hearing - Purchase and Sale Agreement for 1901 W. Walnut Street

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PROFILES - CBRE Recognition - Los Angeles Business Journal 2009 Nominee for Executive of the Year - Women Making a Difference, May 2009 - Designated one of Real Estate Southern California's 2006 Women of Influence, October 2006 Seminar Presentations - Corridors, Crops & Condemnation (IRWA National Conference in San Diego, June 2015) - Eminent Domain Appraisals: Pitfalls & Value -Added Services (RICS - Southern California Chapter, CPD Presentation, April 16, 2015) - Government Buildings (Appraisal Institute, Special Purposes Seminar, July 15, 2014) - The Trouble with Ignoring Building Code Violators (SCCAI 43'd Annual Litigation Seminar, Moderator, November 15, 2013) - Conflicting Mandates & Instructions Between USPAP, Yellow Book, & Caltrans Appraisal Guidelines (IRWA Annual Valuation Seminar, April 24, 2012) - Current Issues in Real Estate Appraisal (Lorman Education Services, live audio conference, March 8, 2012) - The Role of the Appraiser in Construction Defect Litigation: Measuring Damages from Construction Defects (MCLE- approved presentation, January 11, 2012, March 4, 2010, and February 10, 2010) Expert Testimony Ms. Finestone has qualified as an expert witness in real estate matters and has testified before: - Superior Courts: Los Angeles and Orange Counties - Arbitration Hearings: Los Angeles County - Tax Appeal Boards: Los Angeles and San Diego Counties Representative Appraisal Assignments - Appraisal of 50+ single-family residences (SFRs) impacted by the 1-405 Widening Project in Costa Mesa. The acquisitions all involve temporary construction easements (TCEs). This assignment required an analysis of temporary severance damages due to impacts to rear yards as well as a valuation of all site improvements in the TCE areas. Appraisal of 50+ commercial properties impacted by various types of partial acquisitions related to the 1-405. Some of the appraisals were extremely complex with significant severance damage studies required. - Multiple appraisal assignments for LACMTA included: - Appraisal of a 1.25-acre parcel improved with a Class A,12-story, medical office building constructed circa 1962, an adjacent one-story bank building and an attached four-story parking structure known as the Westwood Medical Plaza. It is located along the proposed Purple Line Subway Extension Project Corridor, specifically on the northeast corner of Wilshire Boulevard and Westwood Boulevard in the Westwood neighborhood within the City of Los Angeles. As part of this project, LACMTA is seeking acquire various permanent and temporary property interests, and to relocate existing tenants within the subject property. The purpose of this appraisal was to estimate the fair market value of the property interests (Parts Taken) to be acquired from the Larger Parcel and to make a determination as to the impact of the proposed acquisitions on the Remainder Parcel. - Appraisal of Wilshire Federal Building: Appraisal of a deep tunnel easement on the Wilshire frontage of the Federal Building as part of LACMTA's Purple Line extension. Consideration was given to the redevelopment potential of the site and the benefits to the remainder, as well as to the value of the parts taken. - Appraisal involving the valuation of partial acquisitions impacting the Westfield Mall in Century City as part of LACMTA's Purple Line extension. This assignment was challenging with respect to valuing the underlying land associated with the larger parcel. The property is unique due to its location and its size. Complexities involved determining the number of trips allocated to the site as this in part drives land value. Again, consideration was given to damages and benefits, as well as to the value of the parts taken. ©2025 CBRE, INC.