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Marshall & Stevens, established in 1932 by innovators, remains a firm of innovators. While we have grown in size, stature, and reputation, we continuously have had the singular focus of providing high quality, independent valuation consulting services to business and property owners, shareholders, boards of directors, trusted advisors, management, lenders and government agencies located throughout the world.
Our in-house experts support clients’ critical business decisions by valuing intangible assets, such as businesses and intellectual property, and tangible assets, including real estate and capital equipment, for purposes ranging from transactions to estate planning, litigation support and beyond. Whether we are engaged to provide a fairness opinion for a public transaction, litigation support or a seemingly straightforward real estate appraisal, we consistently pioneer concepts to enable our clients to accomplish their goals.
As an employee owned and managed firm with eight offices throughout the U.S., we are organized to serve the needs of our clients in a timely and cost-effective manner.
Historical Timeline
Notable People, Valuation Assignments, and Industry Events
1932 Earl P. Marshall founds Marshall Valuation Service in Los Angeles.
1936 Robert W. Stevens teams with Earl P. Marshall to form Marshall & Stevens.
1936 Earl P. Marshall and Robert W. Stevens among the founding members of the American Society of Technical Appraisals (ASTA). Stevens named first president of ASTA, forerunner of the American Society of Appraisers (ASA).
1944 Marshall & Stevens values Howard Hughes-Kaiser aerospace manufacturing complex in Culver City, CA.
1949 Marshall & Stevens acquires General Appraisal Company founded by General G.W. Goethals, the lead engineer on the construction of the Panama Canal.
1952 The American Society of Technical Appraisers (ASTA) joins with the Technical Valuation Society of Appraisers to form the American Society of Appraisals (ASA).
1957 Earl P. Marshall named to the American Society of Appraisers College of Fellows.
1967 Marshall & Stevens assists the government of Nicaragua on a national property tax consultation assignment.
1967 Marshall & Stevens appraises over 24 million acres (38,000 square miles) of land and associated mineral rights for Native American Tribes.
1968 Merle Atkins joins Marshall & Stevens as a real estate appraisal trainee in Chicago office.
1974 Merle Atkins of Marshall & Stevens manages the valuation of city of New York assets in connection with the city's refinancing.
1979 Marshall & Stevens selected as the arbitrating appraiser in the breakup of AT&T.
1979 Marshall & Stevens performs the first real estate tax-oriented sale/leaseback appraisal, for Loeb Capital Corporation.
1986 A.D. Shiach of Marshall & Stevens is elected vice chancellor of ASA College of Fellows.
1987 Appraisal Foundation is established.
1989 Federal Institutions Reform, Recovery and Enforcement Act enacted, including Title XI - Real Estate Appraisal Reform Amendments.
1989 Marshall & Stevens' president, Bob Kerslake, testifies at a Senate hearing in Washington in support of appraisal reform.
1992 Marshall & Stevens’ management and employees purchase the company.
1995 AT&T selects Marshall & Stevens for national real estate appraisal alliance.
1999 Chris Hitselberger joins Marshall & Stevens as director of national cost segregation practice.
2004 Alfred King named Vice Chairman of Marshall & Stevens.
2004 Marshall & Stevens values over 1,000 properties located in five continents for a religious organization’s insurance purposes.
2005 Louis Yorey, MAI, ASA joins Marshall & Stevens as Vice President of its national real estate appraisal practice.
2006 Christopher Louis, ASA named Vice President of Marshall & Stevens' national financial valuation practice.
2006 Marshall & Stevens' Cost Segregation practice is sold to CB Richard Ellis.
2006 Gregg Dight, ASA, was named Vice President of Marshall & Stevens national Capital Asset Valuation (machinery and equipment) practice.
2007 William E. Cline joins Marshall & Stevens as Chief Financial Officer.
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