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 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, Hoening has extensive expertise in real estate valuation, financial analysis, consultation, complex sensitivity modeling, discounted cash-flow analysis, real estate and tangible tax appeals, market and feasibility studies, and best-use analyses and appraisal review.
Prior to joining BBG, 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 multifamily assets. During his tenure at the firm, Hoening was directly involved in transactions totaling approximately 16,000 multifamily units and a volume of $1.65 billion.
Before JBM, 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 in other areas including retail, office, industrial, mobile-home parks, mixed-use land and special purpose properties. He also led the firm’s expansion by opening an office in Key West. Earlier, he held Senior Appraiser positions at Tampa-based Gillis & Associates, a commercial appraisal firm, and R/E Marketing Consultants, a national commercial appraisal firm, also headquartered in Tampa.
With more than 15 years of experience, Smalley has performed numerous appraisal assignments and analysis on all property types in Miami-Dade, Broward County, Palm Beach and Monroe County.
Prior to BBG, Smalley was the owner of 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.
Before he founded his firm, Smalley was a Supervisory Appraiser at Miami-based Armada Appraisal Co., where he was responsible for managing accounts and handling client relations, supervised trainee appraisers, and was involved with numerous commercial real estate appraisals.
He also has held leadership positions with the Appraisal Institute.
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.”
Hoening commented: “I am excited to become part of a group of exceptionally talented and highly dedicated professionals 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 real estate professionals will play a key role in helping BBG achieve its growth strategy in Florida.”
Smalley commented: “In a relatively short amount of time, BBG has emerged as 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.”