Dallas, July 19, 2017 – BBG, a leading national commercial real estate valuation, advisory and assessment firm, today announced that it has appointed two real-estate industry veterans to Managing Director of the firm’s new offices in Miami and Tampa, Fla., which opened this month. The Florida offices bring BBG’s total number of offices to 24 nationwide.
BBG appointed Eric Hoening, MAI, to serve as Managing Director of the Tampa office, and Lee R. Smalley, MAI, as Managing Director of the Miami office. Both Hoening and Smalley will focus on growth and development of their respective offices including new client acquisition, client and staff management, and maintaining and cultivating the company’s culture.
With more than 25 years of industry experience, Mr. Hoening has extensive expertise in real-estate valuation, financial analysis, consultation, real-estate and tangible tax appeals, market and feasibility studies, highest and best-use analyses and appraisal review.
Prior to joining BBG, Mr. Hoening served as Director of Valuation and Advisory Services at JBM Institutional Multifamily Advisors, a Tampa-based brokerage specializing in asset disposition and equity placement for institutional multifamily assets. During his tenure at the firm, he was directly involved in transactions totaling 16,000 multifamily units and a sales volume of $1.65 billion.
Before JBM, Mr. Hoening worked as a Senior Appraiser at Tropical Realty Services (now called Franklin Street Valuation Advisory), a regional commercial appraisal firm headquartered in Tampa, where he focused on multifamily and hospitality valuations and consulting with additional engagements in other real-estate segments including retail, office, industrial, mixed-use and special purpose properties. Earlier, he held Senior Appraiser positions at Tampa-based Gillis & Associates, a litigation and eminent domain valuation appraisal firm, and R/E Marketing Consultants, a national commercial appraisal firm, also headquartered in Tampa.
With more than 15 years of experience, Mr. Smalley has performed numerous valuation assignments and analysis on a wide variety of property types in Miami-Dade, Broward County, Palm Beach and Monroe County and has a vast amount of experience and local knowledge of the South Florida real-estate market. He is also the University Relations Committee Chairperson for the South Florida Chapter of the Appraisal Institute and served as a Special Magistrate for the Miami-Dade County Value Adjustment Board.
Prior to BBG, Mr. Smalley was a partner with the Appraisal Research Center, a Miami-based commercial real-estate valuation firm, where he performed appraisals and analysis on a variety of commercial real-estate property types. In his duties as a partner at the Appraisal Research Center, Mr. Smalley was primarily responsible for the management and preparation of appraisal and valuation consulting assignments for a broad-based clientele. He was also involved in expanding the center’s capacity to perform and complete assignments more efficiently and to increase its bottom-line.
Before he founded his firm, Mr. Smalley was a Real Estate Analyst with Silver Hill Financial, a small-balance commercial mortgage lender. He was responsible for performing real-estate appraisal reviews for properties to be used as collateral on new loans and to assist the company with real estate-related issues, as well as provide support for operations and department functionality.
BBG CEO Chris Roach commented on the appointments of Hoening and Smalley: “We are extremely fortunate to have Eric and Lee join our expanding team of talented professionals. They are both outstanding leaders in their field and are uniquely qualified to provide the best solutions for our clients and to drive growth for our firm. Our decision to open offices in these two locations is predicated on providing the best service possible to meet clients’ demands in this thriving market, and Eric and Lee are more than capable of handling these responsibilities.”
Mr. Hoening commented: “I am excited to become part of an organization filled with industry leaders dedicated to working closely together to provide the right solutions to BBG’s clients. The experience and expertise that I have gained over the years working with clients and key market participants will play a key role in helping BBG achieve its growth strategy in Florida.”
Mr. Smalley commented: “BBG is a well-known and highly respected organization that is truly committed to providing a client-centric approach to the commercial real-estate industry. I am thrilled to be given this great opportunity and look forward to making significant contributions to BBG’s expansion in this area.”
BBG is a leading independent national commercial real-estate valuation, advisory and assessment firm headquartered in Dallas with 24 offices in key U.S. markets. BBG has achieved a reputation for personal attention, on-time delivery and deep expertise in multi-family, office, retail and industrial sectors. For more information about BBG, please visit www.bbgres.com.