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William J. Ewing (Ewing). Ingram and Ewing prepared their report
in early 1987 and delivered it to Jacobs in April 1987. At the
time they prepared their report, Ingram had been active in the
field of real estate appraisal since 1946, and was a member of
the American Society of Real Estate Counselors, the American
Institute of Real Estate Appraisers, member and past-president of
the Menlo Park-Atherton Board of Realtors, and member and past-
director of the California Real Estate Association. Ewing had
worked as an independent appraiser since 1970 and was a candidate
for membership with the American Institute of Real Estate
Appraisers. Ewing testified at trial regarding the Ingram/Ewing
appraisal report.
Ingram/Ewing commenced their appraisal by breaking down the
Redwood City Fox into four “appraisal units”, which they valued
separately. The theater space was designated Unit A. The East
retail space, including the first floor and mezzanine, was
designated Unit B. The West retail space, including the first
floor and mezzanine, was designated Unit C. The Second and Third
floor office spaces, including space from the West retail area
for the elevator, staircase, and entryway vestibule, were
designated Unit D.
20(...continued)
William J. Ewing testified regarding the April 1987 appraisal of
the Redwood City Fox.
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