Jay F. Booth, MAI, CRE

Based in Portland, Oregeon, Jay F. Booth, MAI, CRE, currently serves as Newmark Valuation & Advisory’s Regional Managing Director for the Western U.S. and Specialty Practice Co-Leader for the national Retail & Regional Malls Practice. His responsibilities include spearheading business development efforts, recruiting elite valuation professionals, and ensuring outstanding client service.

As co-leader of the Retail & Regional Malls Specialty Practice, Booth guides a team dedicated to providing cutting-edge valuation services to commercial banks, developers, corporations, individual property owners, public agencies, insurance companies and legal firms. Focusing on a broad range of retail properties, including super-regional malls, lifestyle centers, and community shopping centers, his team provides valuation services for some of the most complex assignments in the world.

Booth brings a diverse range of experience from his 31-year tenure at Cushman & Wakefield, where he held the position of Senior Managing Director of Valuation & Advisory in the Pacific Northwest. His career, which began in New York in 1993 before moving to Portland, Oregon, in 1998, has been characterized by a series of leadership roles, particularly within the retail practice.

Prior to joining Cushman & Wakefield, Booth was an Associate with Appraisal Group, Inc. in Portland, Oregon from 1990 to 1993. AGI was a regional valuation and advisory firm that later became Columbia Consulting Inc., specializing in all property types, including industrial, office, retail centers, and special-use properties. At AGI, Booth also performed extensive work on market analyses and supply and demand studies.

Professional Affiliations

• Affiliate Member, International Council of Shopping Centers, ICSC
• Member, Experience Review Panel, Appraisal Institute, 2006-2008
• Vice Chair, National Admissions Appeal Board, Appraisal Institute (2003-2005)

Licenses and Designations

• MAI Designation, Appraisal Institute
• Member, The Counselors of Real Estate
• Certified General Real Estate Appraiser in the following states:
  • Colorado – CG100013948
  • Hawaii – CGA-1264
  • Idaho – CGA-2312
  • Oregon – C000929
  • Montana – REA-RAG-LIC-14022
  • Washington – 1101056

Professional Achievements

• Presentations/Guest Speaker:
  • “Retail Market Trends” – Moderator, Fall Real Estate Conference 2023, Greater Oregon Chapter of the Appraisal Institute, Wilsonville, OR
  • “Excess Land v. Surplus Land” – 2021 Client Presentation
  • “U.S. Retail Market” – 2020 Client Presentation
  • “What’s Next For Retail Real Estate” – Panelist, 2020 Wells Fargo Commercial Real Estate Briefing Series, Private Client Group
  • “Current Retail Market Trends” – Moderator, Fall Real Estate Conference 2012, Seattle Chapter of the Appraisal Institute, Seattle, WA
  • “Retail Industry Overview and Valuation Issues” – C&W WebEx Seminar, approved by the Appraisal Institute for continuing education

• Booth has qualified as an expert witness in the following courts:
  • Oregon Tax Court, Magistrate Division, Property Tax
  • United States Bankruptcy Court, Northern District of California, San Jose Division
  • Supreme Court of the State of New York, County of New York

• Arbitration/Expert Testimony Experience:
  • Fair Market Rent Determination and Arbitration, Land/Ground Lease Underlying Commercial Building, Confidential U.S. Pacific Southwest Location (2022)
  • Fair Market Rent Determination and Arbitration, Grocery Store, Portland OR (2022)
  • Fair Market Rent Determination and Arbitration, Land/Ground Lease Underlying Office Building, Confidential U.S. Pacific Southwest Location (2022)
  • Fair Market Rent Determination and Arbitration, Land/Ground Lease Underlying Community Shopping Center, Portland OR (2021)
  • Fair Market Rent Determination and Arbitration, Department Store at Top 10 Super-Regional Mall, Confidential Pacific Southwest Location (2019)
  • Fair Market Rent Determination and Arbitration, Grocery Store, Portland OR (2017)

• Special Awards:
  • C&W Top Valuation & Advisory Professional, Portland (1999, 2006, 2008, 2021, 2022, 2023)

Education

• Master of Science in Real Estate, New York University
• Bachelor of Science, Willamette University
• Overseas Study
  • Xiamen University (China)
  • Kookmin University (South Korea)
  • Tokyo International (Japan)