Steve Parent, MAI, SR/WA, R/W-AC, PMP, SRA, AI-GRS, AI-RRS

VAS - Senior Vice President

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Professional Experience

Associated Office

Location

500 Capitol Mall
24th Floor
Sacramento, CA 95814

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As CBRE’s leader of Right of Way for the Western Region, Steve is responsible for business development, pursuit management, recruiting, team building, technical leadership, quality assurance, and delivery. He is actively growing the business line within thirteen states through collaboration with local leadership in service to our clients by leveraging CBRE’s industry-leading people, data and technology.

Steve has a broad-based background including engineering, program management, project management, business development, strategic planning, commercial brokerage, real estate investment, and property management. Steve has managed right of way and/or appraisal contracts for California High Speed Rail, Ben Franklin Transit, City of Bend, Oregon DOT, Washington DOT, Idaho Transportation Department (ITD), New Mexico DOT, Utah DOT, Caltrans, the San Diego Association of Governments (SANDAG), City of Idaho Falls, San Diego Gas & Electric, North County Transit District, Southern California Gas, Southern California Edison, City of Santa Ana, City of Los Angeles, the Los Angeles Department of Water and Power, Riverside County Transportation Commission, and Sacramento Municipal Utilities District, to name a few. His appraisal experience involves right-of-way valuation projects, partial acquisitions including fee, permanent, and temporary easements, and property types including retail, office, industrial, multi- family residential, single family residential, mixed-use, agricultural, railroad corridor, telecommunications, renewable energy, UASFLA (Yellow Book). In the last ten years, Steve has managed and appraised more than 2,000 properties affected by public projects including: transportation, heavy / light / high-speed rail, gas transmission, electric transmission, water transmission, flood protection, telecom, and renewables. He also has extensive appraisal review experience having completed more than one hundred appraisal reviews, been declared as an expert witness, been deposed, and testified at trial. Steve is an active speaker on topics related to right of way appraisal, acquisition, and land valuation.

Years of Experience:

  • Project Management: 30
  • Appraisal: 20

Education

  • MBA, University of Cincinnati, Operations Management & Finance, 1999
  • BS, University of Cincinnati, Mechanical Engineering, 1992

Licenses / Designations

  • Certified General Real Estate Appraiser: CA, AZ, NV, HI, CO, OR, WA, MT, WY, NM, UT, ID, AK, TX
  • CA Real Estate Broker License #01433367
  • MAI, SRA, AI-GRS, AI-RRS Designations, Appraisal Institute
  • Senior Right of Way Agent (SR/WA), International Right of Way Association (IRWA)
  • Right of Way Appraisal Certification (R/W-AC), IRWA
  • Project Management Professional (PMP), Project Management Institute (PMI)

Professional Affiliations / Accreditations

  • Chapter Past President of the Appraisal Institute
  • IRWA Member of Chapters 1, 11, 27, 38, 57, 67, board experience in multiple chapters
  • At-large member of the IRWA International Transportation Committee

Project Experience

Idaho Transportation Department (ITD)

Hitt Road / US 26 widening and intersection improvement project. Steve appraised 18 properties. The appraisals were full and partial acquisitions, for fee and easement rights. Delivery was completed in 6 weeks from NTP.

Madison County West Side Frontage Road Project. Steve appraised 17 properties. The project involves the installation of a frontage road on the west side of Highway 20 in the Rexburg, ID area. Acquisitions involved permanent and temporary rights including fee and temporary construction easements. Delivery was completed in 6 weeks from NTP.

Pipeline Project – Colorado and Wyoming

Steve led CBRE’s West team in appraising 110+ properties for a national pipeline company. Delivery of all appraisals covering 50+ miles of right of way took place in just 3 weeks. CBRE’s Right of Way appraisal division, using resources from multiple regions including the West and South Central, delivered appraisals covering 330+ properties spanning 270 miles of right of way in Colorado and Wyoming in just 4 weeks.

California High-Speed Rail Authority

Steve recruited, hired, and led the entire appraisal services function involving approximately 70+ employees and subconsultants appraising approximately 350 unique properties. He was the appraisal manager for the initial rail segment through the Central Valley. Steve was responsible for the delivery of the appraisal documents, quality reviews, management, and valuation-related communication with the acquisition teams. Urban property impacts were significant and involved very complex partial acquisitions with uneconomic remnant and severance damage quantification. Rural property impacts were significant including agricultural permanent plantings (orchards and vines), row crops, with crop loss and other severance damage considerations. Steve also managed the appraisal and appraisal review efforts associated with approximately ten environmental land mitigation appraisal assignments.

Highway Project – Ketchikan, Alaska

Steve is leading a team in appraising 100+ properties for Alaska Department of Transportation. Partial acquisitions include permanent and temporary easements from commercial, industrial, and residential properties.

San Diego Association of Governments (SANDAG)

Mid-Coast Corridor Transit Project (MCCTP). Steve served as MCCTP Appraisal Manager and assembled and led a team of 50+ employees and subconsultants to deliver over 60 appraisal and appraisal review assignments in support of the extension of the existing San Diego Light Rail Trolley from north of the Old Town Transit Center to the University of California San Diego campus in University City. Acquisitions included fee, permanent easement and temporary easements. Some of the larger parcel values involved institutional investment grade assets with values exceeding $100 million dollars. Complicated damage and benefit analysis was completed involving impacts associated with elevated light rail construction adjacent to retail, office, and multi-family residential properties.

Nevada Irrigation District (NID), Nevada County CA

Banner Cascade and Cement Hill Pipeline Projects. Steve led the 10+ employee team to appraise several hundred properties affected by water pipeline projects in Nevada County, CA located approximately 60 miles northeast of Sacramento. Permanent and temporary easement rights were ultimately acquired by NID.

Southern California Edison, Riverside and San Bernardino Counties

West of Devers Project (WOD). Steve’s role as Relationship Manager and Appraisal Manager included the delivery of approximately 150 appraisal assignments in support of Edison’s West of Devers Upgrade Project. He managed the appraisal and research teams and interfaced with the Prime Contractor and SCE for the project. The Devers Project Upgrade will replace and upgrade existing electrical infrastructure within and adjacent to the existing electric transmission right of way. The team completed approximately 80% of the appraisal deliverables in just three months. Valley South Sub transmission Project (VSSP). As Client Relationship Manager and Appraisal Manager for the 90-parcel project, Steve managed the appraisal and research teams and interfaced with the Prime Contractor, SCE, and outside SCE legal counsel. This project involves modification of SCE’s existing Valley 500/115kV Substation, the construction of a new overhead 115kV sub transmission line, replacing conductors, relocating distribution facilities at Triton and Valley Substations.

Southern California Gas

PSEP Program, Land and Right of Way Department. As the Appraisal Manager, Steve appraised properties throughout SoCalGas’ 20,000 square mile service territory that spans from the CA Central Valley to the US / Mexico border. His responsibilities involved partial acquisitions seeking permanent utility easements, temporary access, and construction easements for approximately 80 properties.

Sacramento Municipal Utility District (SMUD)

Various Projects. As the Client Relationship Manager and Appraisal Manager, Steve led several projects throughout SMUD’s service territory. For example, the Solano Phases 3 and 4 Wind Energy Development Projects, involved open space land located in Solano County. Rights appraised included fee, permanent easement, and temporary easement rights to facilitate installation of necessary facilities to gather electricity produced by Wind Turbine Generators in order to sell the electricity back to the Pacific Gas & Electric grid.

Riverside County Transportation Commission (RCTC)

Mid-County Parkway Project. Managed appraisal and appraisal review assignments in support of RCTC’s Mid-County Parkway Project, a 14-mile highway proposed in Riverside County, CA.

Sacramento and West Sacramento Area Flood Control Agency (SAFCA and WSAFCA)

Levee Improvement Projects. Steve provided appraisal services for multiple projects and properties located along the existing river levee where SAFCA and WSAFCA needed to acquire permanent and temporary easement rights to make levee improvements.

Airport Expansion Project – Phoenix, AZ – Sky Harbor

Steve provided appraisal services for properties affected by the proposed airport expansion project.

Pipeline Project – Flagstaff, AZ

Steve provided appraisal services for a residential property affected by a proposed pipeline easement.

Oregon Department of Transportation – Oregon

Steve provided appraisal services for multiple ODOT projects for over 100+ properties. Partial acquisitions included fee, permanent and temporary easements.

Oregon, City of Bend

Steve provided appraisal services for a sewer interceptor project affecting five properties. Partial acquisitions included permanent and temporary easements.

Ben Franklin Transit, WA

Steve is providing appraisal services for multiple properties affected by transit projects. Acquisitions typically include fee and easements.

Sound Transit BRT Project - Seattle, WA

Steve provided appraisal services for a commercial property affected by the proposed Bus Rapid Transit Project.

Idaho Transportation Department (ITD)

Steve provided appraisal services involving 18 properties affected by the US 26 / Hitt Road (25th East) project.

Idaho Transportation Department (ITD) / Madison County

Steve provided appraisal services involving 17 properties affected by the US 20 Frontage Road Project.

City of Idaho Falls, ID

Steve appraised a rail line corridor in Idaho Falls that the City was contemplating acquiring from a rail operator.

City of Napa, CA

Steve appraised 10+ properties affected by partial acquisitions associated with the Jefferson Street utility undergrounding project.

Sonoma County, CA

Steve has delivered or is working, on multiple partial acquisition appraisals on bridge projects in Sonoma county, including Wohler, and Watmaugh bridges.

Mariposa County, CA

Steve has delivered multiple partial acquisition appraisals on bridge projects in Mariposa County, including the Buckeye Road Bridge over Mariposa Creek Project and the Oak Road Bridge over Bear Creek Project.

Wyoming

Steve has delivered market studies and provided consulting services in multiple counties in WY.

Montana

Steve has delivered market studies and provided consulting services in multiple counties in MT.

SB DBE/DVBE Subcontractors

Government Leverage, Inc.

Chapman & Patton

Marcus H. Bole