Richard Latella

Executive Managing Director, Valuation & Advisory at Cushman & Wakefield, Inc.

Richard Latella

Richard Latella

Executive Managing Director, Valuation & Advisory at Cushman & Wakefield, Inc.

Biography

Mr. Latella entered real estate in 1975 in sales and residential appraising with Warren W. Orpen & Associates, a local real estate appraisal, brokerage and insurance firm. In 1977, he joined the New Jersey Division of Taxation as a Supervisor in the Local Property Tax and Public Utility Branch. While assisting and advising state taxpayers on a myriad of issues, he completed the necessary course work and required examination to become a Certified Tax Assessor in New Jersey. In 1980, he shifted to a career in commercial real estate valuation with Valuation Counselors Inc., a national multi-disciplined commercial and institutional valuation firm in their Princeton, New Jersey office. In1982, he was promoted to Senior Appraiser.

Mr. Latella joined Cushman & Wakefield’s then-national headquarters in Philadelphia in 1983 as a Senior Appraiser. By the mid-to-late 1980s he began to develop a core specialization in retail valuation, with an emphasis on regional/superregional malls and other complex retail asset types. His relocation to Cushman & Wakefield’s World Headquarters in 1988 directly addressed a need to better serve global capital providers and institutional clients that lend on significant retail properties. Recognizing this need, Mr. Latella helped establish Cushman & Wakefield’s first specialty appraisal practice in 1990 devoted exclusively to the retail asset class. Over the ensuing years Cushman & Wakefield’s Valuation & Advisory group has built its business model around specialization and now has over 20 specialty practices across a myriad of industries and property classes.

Over his career, Mr. Latella’s appraisal and consulting assignments have been international in scope and have included a full array of property types, including commercial, industrial, multifamily residential, hotels and special-use properties such as hospitals and nursing homes. He is qualified as an expert witness in retail matters and testified in bankruptcy litigation cases and has been a guest speaker before numerous academic institutions and real estate and advisory organizations throughout the world.

He currently serves as Executive Managing Director, Retail Practice Group Lead for the Americas. This group is comprised of approximately nearly 110 senior-level appraisers specializing in regional malls, department stores, and other major retail property types in over 75 markets in the Americas. In 2016 the team completed appraisals on over 7,500 properties led by the domestic team which completed valuations on nearly 50 percent of the top 200 sales and financing transactions in the United States as tracked by Real Capital Analytics.

Overview
RelSci Relationships

5131

Number of Boards

1

Number of Awards

14

Contact Data
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Relationships
RelSci Relationships are individuals Richard Latella likely has professional access to. A relationship does not necessarily indicate a personal connection.

Executive Managing Director at Cushman & Wakefield, Inc.

Relationship likelihood: Strong

Appraiser at Cushman & Wakefield of Connecticut, Inc.

Relationship likelihood: Strong

Vice Chairman & President, Equity Debt & Structured Finance at Cushman & Wakefield, Inc.

Relationship likelihood: Strong

President, Tri-State Region at Cushman & Wakefield, Inc.

Relationship likelihood: Strong

Executive Vice Chairman, Brokerage Services at Cushman & Wakefield, Inc.

Relationship likelihood: Strong

Executive Managing Director, Valuation & Advisory at Cushman & Wakefield, Inc.

Relationship likelihood: Strong

Senior Managing Director at Cushman & Wakefield, Inc.

Relationship likelihood: Strong

Former Chief Financial Officer, Executive Director at RELX Group Plc

Relationship likelihood: Strong

President at Cushman & Wakefield, Inc.

Relationship likelihood: Strong

Chief Information & Digital Officer at Cushman & Wakefield Plc

Relationship likelihood: Strong

In The News
Orange County Register (California)
January 3, 2021
PANDEMIC; Demise of malls greatly hastened
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Richard Latella
Executive Managing Director, Valuation & Advisory at Cushman & Wakefield, Inc.
Education
Attendee

Established in 1934, the NYU School of Continuing and Professional Studies (NYU-SCPS) is one of NYU's several degree-granting schools and colleges. The NYU School of Continuing and Professional Studies offers 17 graduate degree programs and 12 graduate certificates that provide grounding in high-growth disciplines encompassing diverse career paths. With more than 2,300 on-site and online courses, certificates, and intensives, NYU-SCPS is one of the world's leading providers of noncredit continuing education.

Bachelor of Science in Business Administration

The College of New Jersey (TCNJ) is a highly selective institution that is consistently recognized as one of the top comprehensive colleges in the nation. Founded in 1855 as the New Jersey State Normal School, TCNJ maintains the seventh highest four-year graduation rate among all public colleges and universities. It is ranked by Money as one of the top 15 public colleges “most likely to pay off financially,” and U.S. News & World Report rates it the No. 1 public institution among regional universities in the northeast.

Memberships
Member
Current

ULI, the Urban Land Institute, is a 501(c) (3) nonprofit research and education organization supported by its members. ULI Founded in 1936, ULI now have members worldwide, representing the entire spectrum of land use and real estate development disciplines working in private enterprise and public service. A multidisciplinary real estate forum, ULI facilitates an open exchange of ideas, information, and experience among industry leaders and policy makers dedicated to creating better places. Members say ULI provide information they can trust, and that ULI is a place where leaders come to grow professionally and personally through sharing, mentoring, and problem solving. With pride, ULI members commit to the best in land use policy and practice.

Affiliate Member
Current

Founded in 1957, ICSC is the premier global trade association of the shopping center industry. Its more than 60,000 members in over 90 countries include shopping center owners, developers, managers, marketing specialists, investors, retailers and brokers, as well as academics and public officials. As the global industry trade association, ICSC links with more than 25 national and regional shopping center councils throughout the world.

MAI Designated Member
Current

Appraisal Institute is a private company headquartered in Chicago, IL, with domestic subsidiaries. The firm operates as a professional association of real estate appraisers.The company says this about itself: The Appraisal Institute is a global professional association of real estate appraisers, with over 17,000 professionals in almost 50 countries throughout the world. Its mission is to advance professionalism and ethics, global standards, methodologies, and practices through the professional development of property economics worldwide. Organized in 1932, the Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable federal, state and local laws. Individuals of the Appraisal Institute benefit from an array of professional education and advocacy programs, and may hold the prestigious MAI, SRPA, SRA, AI-GRS and AI-RRS designations.

Career History
Executive Managing Director, Valuation & Advisory
1983 - Current

Cushman & Wakefield is a privately held commercial real estate services firm. The firm represents a diverse customer base ranging from small businesses to Fortune 500 companies. It offers a complete range of services for all property types, supposedly fully-integrated on a global basis, including leasing, sales and acquisitions, debt and equity financing, investment banking, corporate services, property management, facilities management, project management, consulting, appraisal and property tax services.

Senior Appraiser
Prior

Valuation Counselors Group, Inc., part of CBIZ, Inc., is an American company located in Chicago, IL. The firm provides business valuation services. It was acquired by International Alliance Services, Inc. on 03 Nov 97.

Professional
1975 - Prior
Boards & Committees
Board Member
Prior

OPERATION AND MAINTENANCE OF HISTORICAL SITES

Awards & Honors
Certified General Real Estate Appraiser in the State of Minnesota
Certified General Real Estate Appraiser in the State of New York
Certified General Real Estate Appraiser in the State of California
Events
Speaker
2008 Urban Land Institute Spring Council Forum

Speaker

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