Bob Gutzman

Director, Valuation and Advisory Services

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Professional Experience

Associated Office


400 S Hope Street
25th Floor
Los Angeles, CA 90071

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Bob Gutzman, MAI, is a Director and has been actively engaged in commercial real estate valuation and consulting services since 1993. He is a member of the Valuation & Advisory Services Group in Downton Los Angeles and is also a member of CBRE’s National Litigation Support Practice. Mr. Gutzman’s valuation experience includes all of California. He has also completed appraisal/consulting assignments in Hawaii, Nevada, Arizona, Idaho, New York, New Jersey, Wisconsin, Minnesota, Florida, etc.

Mr. Gutzman has experience providing real estate appraisals, consultations, and reviews for attorneys, financial institutions, developers, individual and corporate property owners, and governmental agencies. His appraisal experience encompasses a wide variety of property types including office buildings, retail centers, industrial properties, multi-family buildings (including low-income), golf courses, self-storage facilities, hospitality properties, gas stations, auto dealerships, vacant land (including underwater land parcels), skilled-nursing and assisted-living facilities, single-family residences, schools, studios, subdivisions, easements, and special-purpose properties.

He has extensive litigation experience having completed appraisals for bankruptcy and foreclosure, eminent domain actions, title defect cases, class actions, tax appeals, arbitrations, and easements. He has also testified in both Federal and State Supreme Court (civil and criminal) as an expert witness.

Prior to joining CBRE in 1993, Mr. Gutzman was an economist/expert witness in forensic economics.


  • Occidental College, Bachelor of Arts in Economics
  • Appraisal Institute, Ongoing Continuing Education

Pro Affiliations / Accreditations

  • Appraisal Institute
    • Designated Member (MAI), No. 11482
    • Litigation Certificate Program, Certificate of Completion
  • Certified General Real Estate Appraiser, State of California, No. AG025646

Representative Assignments

  • Neverland Ranch Valuation of a 2,700-acre estate in Santa Barbara County for foreclosure purposes.
  • Rialto Industrial Property Partial taking of a 300-acre property by Caltrans.
  • Grauman’s Chinese Theatre Ground lease valuation.
  • Family Portfolio Valuation of 850 California properties owned by a family trust.
  • Downtown L.A. Properties Multiple properties valued in connection with bankruptcy/foreclosure proceedings.
  • Saks Fifth Avenue Rent survey for very high-end Beverly Hills property.
  • Multiple Property Portfolio Valued numerous properties in Northern and Southern California relating to major confidential settlement talks/potential litigation.
  • Stonepine Estate 300-acre estate in Carmel Valley, Monterey County.
  • Ten-Property Portfolio Valued multiple properties in San Bernardino County in connection with a potential litigation matter.
  • Other Examples Appraised high-identity properties such as the Bradbury Building, Pacific Design Center, medical offices on the Huntington Hospital Campus, Hilton La Jolla Torrey Pines, Harry Houdini’s estate, large industrial facilities and apartment properties, David Murdock’s ranch, the Norton Simon and Hammer museums, high-end boutique retail properties, etc.

Clients Represented

  • Arent Fox
  • Blank Rome
  • City of Burbank
  • Fannie Mae
  • FDIC
  • Frandzel Robins Bloom & Csato
  • Irell & Manella
  • Kiesel Boucher & Larson
  • Kaiser Foundation Hospitals
  • L.A. Dept. of Water & Power
  • Loeb & Loeb
  • Meyer, Olson, Lowy & Meyers
  • Oliver Sandifer & Murphy
  • Perkins Coie
  • Preferred Bank
  • Quinn Emanuel Urquhart & Sullivan