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Peter K. Shorett, MAI, CRE, FRICS

Executive Vice President
Valuation Advisory Services

Portrait

Career Summary

Peter Shorett entered private appraisal practice with Shorett & Riely in 1980 and was promoted to manager of the office in San Jose, California in 1985 and returned to practice at the Seattle office in 1990. Peter founded the Valuation Advisory Services division of Kidder Mathews in 1995.

In 1985 he was awarded his MAI designation by the American Institute of Real Estate Appraisers (now known as the Appraisal Institute) and earned his CRE (Counselor of Real Estate) designation in 1999. He is a certified member of the Commercial Investment Real Estate Institute (CCIM) and has completed the requirements under the continuing education program of the Appraisal Institute. In 2008 he became a Fellow of the Royal Institute of Chartered Surveyors (FRICS), an international designation denoting the highest standards of success, achievement and expertise in the real estate industry.

Peter has a widely diversified background in appraisal, market analysis and counseling in support of litigation, for the development, acquisition, sale, leasing and financing of major urban real estate throughout the continental Western United States, including the cities of Seattle, Portland, San Francisco and Los Angeles.

Property types studied include apartments, churches, shopping centers, office and industrial buildings, marinas, condominiums, convention hotels, motels, golf courses, parking garages, medical clinics, service stations, residential subdivisions, nursing homes, retirement apartments, vacant land and numerous special-purpose and single-use properties. Other assignments have included the valuation of leasehold interests, condemnation compensation, and market analysis and lease-up studies for various investors and business groups.

Court Experience

  • United States Bankruptcy Court
  • United States Federal Court
  • King County Superior Court
  • Kitsap County Superior Court
  • Pierce County Superior Court
  • Santa Cruz County Superior Court
  • Snohomish County Superior Court

Education

Business Administration, Western Washington University (1980)

Professional Licenses

  • State of Washington Certified General Real Estate Appraiser (No. 1100389)
  • State of Oregon Certified General Real Estate Appraiser (No. C000599)
  • State of California Certified General Real Estate Appraiser (No. AG014564)
  • Reciprocal agreements with other states as needed
T
206.205.0201
F
206.205.0220

601 Union Street, Ste 4720
Seattle, WA 98101

Select Client List

  • ATTORNEY/LAW FIRMS
  • Cairncross & Hemplemann
  • Ellis Li & McKinstry
  • Foster Pepper & Shefelman
  • Graham & Dunn
  • Hansen Baker Ludlow
  • Drumheller
  • Karr Tuttle Campbell
  • Lane Powell Speers Lubersky
  • Perkins Coie
  • Pillsbury Winthrop
  • Preston Gates & Ellis
  • Sperry & Ebberson
  • Stafford Frey Cooper
  • Stoel Rives
  • Tousley Brain & Stephens
  • Williams Kastner & Gibbs
  • Corporations/Property Owners
  • 3M Corporation
  • Albertsons, Inc.
  • Bekins Company
  • Bristol Meyers Squibb
  • City University
  • Clise Properties
  • Consolidated Restaurants, Inc.
  • Delta Airlines
  • Fred Hutchinson
  • Gai's Bakery
  • Goodale & Barbieri
  • Goodman Financial
  • Health Science Properties
  • Hertz Corporation
  • International Paper Company
  • KCTS Channel 9
  • Kilroy Industries
  • KMPG
  • Lindal Cedar Homes
  • Lone Star Northwest
  • McDonalds Corporation
  • Miller Brewing Company
  • Nitze-Stagen
  • Nobel House Hotels & Resorts
  • Northwest Airlines
  • Northwestern Trust
  • Olympic Resource Management
  • PACCAR
  • Pine Street Associates
  • Portac, Inc.
  • Rayonier
  • Seattle Seahawks
  • Skokomish Tribal Community
  • Southland Corporation
  • Swinomish Tribal Community
  • The Boeing Company
  • Unigard security insurance
  • Union Carbide
  • Vulcan, Inc.
  • Wesley Homes
  • YWCA
  • DEVELOPMENT COMPANIES
  • Bentall Corporation
  • Lincoln Property Co.
  • Opus
  • Quadrant
  • Sobrato Development Co.
  • Trammell Crow
  • Wright Runstad & Co.
  • FINANCIAL INSTITUTIONS/ LIFE INSURANCE CO's
  • AETNA Life Insurance Co.
  • Allstate Life Insurance Co.
  • Bank of America
  • CitiCorp
  • Coldwell Banker Financial
  • Crown Life Insurance Co.
  • Frontier Bank
  • GE Capital
  • Glaser Financial Group
  • Home Street Bank
  • InterWest Key Bank
  • L.J. Melody & Co.
  • Manufacturer's Hanover Trust Co.
  • New York Life
  • Pacific NW Bank
  • Riggs Bank of Washington, D.C.
  • Seattle Mortgage Co.
  • T. Rowe Price
  • The Union Bank of California
  • TIAA-CREF
  • Transamerica Insurance Co.
  • US Bancorp
  • Washington Capital Management
  • Washington Mutual
  • Wells Fargo Bank
  • GOVERNMENTAL AGENCIES/ PORT AUTHORITIES/ NON-PROFITS
  • City of Bainbridge Island
  • City of Half Moon Bay
  • City of Kirkland
  • City of Santa Cruz
  • City of Seattle
  • Dept. of Natural Resources(WA State)
  • General Services Administration
  • Internal Revenue Service
  • King County Dept. of Transportation
  • King County Property Services
  • King County Prosecutor's Office
  • Port of Anacortes
  • Port of Chelan
  • Port of Friday Harbor
  • Port of Port Townsend
  • Port of Renton
  • Port of Seattle
  • Port of Tacoma
  • Sound Transit
  • The Nature Conservancy
  • Trust for Public Land
  • United States Postal Service
  • Washington State Attorney General's Office

Affiliations

  • Member of Appraisal Institute (MAI)
  • Counselors of Real Estate (CRE)
  • Certified Commercial Investment Member (CCIM)
  • Fellow of the Royal Institute of Chartered Surveyors (FRICS)