Mr. Bell specializes in real estate damage economics and valuation. This includes environmental, geotechnical, construction defects, natural disasters, eminent domain, leases and other conditions that may impact property values. He is experienced in diminution-in-value studies involving a wide variety of property types and damage issues for government, oil and utility companies and property owners. 
 

  Randall Bell's Qualifications - PDF

Graduate Studies:
UCLA    MBA Degree - Real Estate

Professional Studies:
Appraisal Institute: MAI Designation
UCLA Certificate in Real Estate, Extension Program

Undergraduate Studies:
BYU    BS Degree - Finance and Accounting
 

LICENSES AND
MEMBERSHIPS

Property Owners Manual

Home Owners Manual

Bottom Line Results Owners Manual Press
 

Mr. Bell has completed considerable research in the field of property damages and detrimental conditions. These include Chernobyl, Hiroshima, the 1960 Chile Earthquake, the 1964 Alaska Earthquake, the World Trade Center Bombing, the Oklahoma City Bombing, the Jarrell Texas Tornadoes, Mt. St. Helen’s Volcano, the Royal Gardens Subdivision destroyed by the Hawaii Volcanoes, the Manoa Hawaii Landslides and many others.

His career has been profiled by the Wall Street Journal, Today’s Realtor, the Los Angeles Times, the Associated Press, The San Francisco Chronicle, People Magazine, and The Chicago Tribune and by all major networks, including 20/20 and CNN. He has been quoted by USA Today, the New York Times, Harper’s Magazine, Time Magazine, and US News and World Report, as well as the media in Europe, Australia and Japan.

Selected consulting assignments include:

Nuclear Testing:   Retained by the Nuclear Claims Tribunal to determine the damages caused by radioactive contamination as a result of nuclear testing on the Bikini Atoll in the Marshall Island.

Avila Beach Oil Spill:   Computed damages caused by a 300,000-gallon spill. According to a front-page article in the Los Angeles Times, Avila Beach is one of California’s largest contamination cases. Contacted by both plaintiff and defendant in the case.

Via Estoril Landslides in Laguna Niguel:    Computed damages caused by the sudden 125-foot landslide that destroyed seven ocean-view homes.

Crime Scene Stigma: Consulted in calculated economic damages caused by various crime scenes, including the Jon Benet Ramsey house, the Heaven’s Gate Mansion in Rancho Santa Fe and the Nicole Brown Simpson Condominium.

Nebraska Floods: Estimated damages caused by residential construction within a flood zone.

Airport Noise: Calculated the diminution in value caused by the proposed construction of airports in Hawaii, Washington, California and Texas.

Oil Refinery: Studied the diminution in value resulting from an oil refinery leak in Long Beach. Retained by ARCO.

New Jersey Durham Woods Pipeline Explosion: Researched the attributes of market resistance (stigma) associated with a catastrophic pipeline explosion that destroyed eight apartment buildings.

Hawaii Tankfarm Leak: Computed the diminution in value resulting from a tank farm leak in Maui, Hawaii. Retained by Chevron, Shell and Unocal.
 

The Analysis of Environmental Case Studies
  The Appraisal Journal

The Impact of Detrimental Conditions on Property Values
  The Appraisal Journal

Diminishing Diminution: A Trend in Environmental Stigma
  Environmental Claims Journal

Basic Due Diligence
  Environmental Claims Journal

The Impact of Airport Noise on Residential Real Estate
 The Appraisal Journal

The Impact of Megan’s Law on Real Estate Values
  Valuation Insights and Perspectives

Ten Standard Classifications of Detrimental Conditions
  Right of Way Magazine

Quantifying The Diminution In Value Due To Detrimental Conditions: The Theory and Application to Environmentally Contaminated Properties
  Environmental Claims Journal

Medical Office Building Appraisal
  The Appraisal Journal

Assessing Diminution in Value - A Methodology for Categorizing Detrimental Conditions
  Right of Way

Detrimental Conditions: A Profile of Valuation Methodologies with Environmental Contamination, Crime Scene Stigma and Natural Disaster Case Studies
  Paper presented to the National Symposium of the Appraisal Institute in Washington DC.

Valuation of Contaminated Property
  The Bureau of National Affairs, Inc.

Real Estate Disclosure Seminar: Author and instructor of a one-day seminar published and sponsored by the Appraisal Institute that addresses the responsibility of appraisers, brokers and agents to make a full disclosure of the known conditions associated with a property.

Detrimental Conditions Seminar  Author and instructor of a one-day seminar published and sponsored by the Appraisal Institute.

This seminar illustrates a valuation methodology for categorizing numerous Detrimental Conditions (i.e., environmental contamination, natural disasters, geotechnical issues, construction defects, market conditions, imposed conditions, etc.) and quantifying the diminution in value. It has been approved in all 50 states by each appraisal licensing agency and the California State Bar for continuing education credit, and has been taught nationwide.

The RED Report, which summarizes the methodologies taught in the seminar, has been translated into Spanish, French, Chinese, Russian, Japanese, German and Portuguese.
  

ADA; Absorption; Airport Noise; Asbestos; Benign Issues; Bonds; Condemnation; Construction Defects; Crime Scene Stigma; Deferred Maintenance; Easements; Earthquake; Economic Decline; EMF; Environmental Contamination; Flood Damage; Geotechnical; Landfills; Litigation; Market Conditions; Natural Disasters; Neighboring Construction; Pipeline Explosion, Riots; Sewage Treatment Plant; Soil Subsidence; Traffic Noise; Tunneling; View Diminution
  

Fee Simple Interest; Leased Fee Interest; Lease Hold Interest; Sandwich Interest; Majority & Minority Fractional Interests
 

Absorption Studies; Acquisition; Bankruptcy; Bond Financing Construction Loans; Diminution in Value; Disposition; Divorce Settlement; Donation; Environmental Effect Studies; Estate Settlement; Excess Land; Exchanges; Fair Value Issues; Feasibility Studies; Foreclosure; Ground Lease Renewal; Highest and Best Use Analysis; Income Tax Appeal; Investment Analysis; Judicial Foreclosure; Review Appraisal; Lease Negotiations; Lease Renewals; Litigation Support; Loan Review; Market Trend Studies; Mortgage Lending; Negotiation; Partnership Dissolution; Portfolio Evaluation; Property Tax Appeal; Redevelopment Zone Studies; Refinancing
 

Stigma and Its Impact or Real Estate Values  
   Keynote Speaker
   The National Association of Real Estate Editors,  Las Vegas, Nevada

The Valuation of Environmentally-Impacted Properties 
   Brownsfield Symposium
   Irvine California

Detrimental Conditions - A Profile of Valuation Methodologies with Environmental, Crime Scene Stigma and Natural Disaster Case Studies
   The National Symposium of the Appraisal Institute
   Washington, DC

Property Damage Analysis for a REO Portfolio 
   Western States Loan Servicing Conference
   California Mortgage Bankers Association
   Las Vegas, NV

The Analysis of Detrimental Conditions
   Keynote Presentation - International Conference  
   Union Panamericana de Asociaciones de Valuacion, Cusco, Peru

High-Profile Disasters and the Impact on Real Estate Values  
   The National Symposium of the Appraisal Institute, San Antonio, Texas

Real Estate Damages: Analytical Tools and Their Application to High-Profile Case Studies  
   International Real Estate Society Conference
   Kuala Lumpur, Malaysia
  

Expert Witness Testimony Involving Contaminated Properties  
   Appraisal Institute - Southern California Chapter

Contamination, Natural Disasters & Crime Scene Stigma 
   Orange County Bar Association

Ethics and the Appraiser   
   Appraisal Institute - Southern California Chapter

Diminution in Value: A Focus on Environmental Contamination, Natural Disasters and Stigma Damages 
   San Diego Bar Association

Researching and Reporting Detrimental Conditions 
   Multiple lectures to employees of COMPS, Inc. nationwide

Real Estate Investment Strategies   
   Newport Beach Rotary Club

Environmental Contamination & Natural Disasters Workshop  
   Appraisal Institute - Southern California Chapter

The Valuation of Environmentally Impacted Properties 
   Block Environment & Jeffer, Mangels, Butler & Marmaro

The Impact of an International Airport on Real Estate Values  
   El Toro Reuse Planning Authority

The Financial Analysis of Investment Grade Properties 
   Guest Lecturer at Cal-State Fullerton

The Valuation of Asbestos-Contaminated Properties
   International Right of Way Association

Airports, Stigma and Property Values 
   Trabuco Canyon Community Association

Technical Aspects of the Appraisal of Medical Properties
   Appraisal Institute - Los Angeles Chapter

The Appraisal of Estate Homes 
   Appraisal Institute - Southern California, San Diego and  Ventura Chapters

Market Resistance Towards Damaged Properties
   Appraisal Institute - Fresno Chapter

Real Estate Damages Valuation Methodologies 
   Summer Seminar Spectacular – Disneyland Hotel,  Southern California Chapter of the Appraisal Institute

High Profile Disasters and Property Damages 
   Orange County Appraisal Society
   Orange County Assessor’s Office

The Appraisal: Diminution in Value Methodologies 
   Chicago Title Company
   Western Division Claims Conference

Due Diligence
   The Center for Advanced Property Economics
   Symposium on Property and Environmental Damages
   Toronto, Canada
 

Direct Line: (949) 497-7607
Office:        (949) 497-7600
Fax:           (949) 497-7601
E-Mail:       Bell@RealEstateDamages.com