

About
Expert Advisors
The London Group
We have analyzed, packaged and achieved capital for a wide variety of real estate projects. Clients who are actively pursuing, developing and investing in projects have regularly sought our advice and financial analysis capabilities.
Our experience ranges from large scale, master planned communities to urban redevelopment projects, spanning all land uses and development issues of all sizes and types. These engagements have been undertaken principally throughout North America and Mexico.
The London Group also draws upon the experience of professional relationships in the hospitality, retail, appraisal, development, legal services, and financial placement fields as well as its own staff.
Real Estate experience includes strategic consulting for investors, lenders, developers and public agencies.
Assignments and projects have included economic analyses and master planning of apartments, retail centers, office, industrial, hotel, mixed-use projects and large-scale residential master plan developments.Clients include investors, financial institutions, public agencies, major corporations, small businesses and individual developers.
Projects include financial feasibility and market economic analysis for acquisition and disposition, strategic and business planning, portfolio analysis, mixed use assessment, litigation consulting and workout programs, deal and lease negotiations.Services
Development + Investment
London Group prepares residential and commercial market and financial feasibility studies. We also analyze real estate investments for prospective investors and prepare investment packages to assist in the marketing of real estate projects and portfolios. Our practice focuses on the states of California, Arizona and Nevada. Our clients include major developers and institutional investors in both the residential and commercial fields.
Economic + Fiscal Impact
Studies of this type are often mandated by government entities to determine the economic benefits of a new project. The studies generate economic data that documents the benefits of the project and also calculates the number of jobs produced, both during and after completion.
The London Group has performed economic and fiscal impact studies for a variety of public and private clients. Studies of this type are often mandated by government entities to determine the economic benefits of a new project. The following are a few of the aspects of these studies.
- Revenue generation projections for new or repositioned projects.
- Tax and exaction revenue to municipalities as a result of new project.
- On- site Job Generation during construction and after completion.
Litigation Support
For the past 20+ years, The London Group, Principal, Gary London has served as an expert witness in a myriad of real estate-related litigation, both on behalf of defense and plaintiff. Cases inevitably relate to varying opinions on economic losses or gains, market conditions or competency of one or more of the parties. We also provide litigation support for arbitrations and mediations.
- Expert Witness – Deposition and Trial Testimony for: Valuation, Damages, Proper Professional Practices and Industry Standards
- Supporting Research & Analysis – Assist Attorneys in Case Strategies, Asset Valuation, Calculated Damages, Financial Feasibility and Proforma Analysis, Market Trends and Conditions
- Mediation – Negotiate Settlements on Real Property Disputes, Negotiate Settlements for Damages and Loss of Value
Estate Planning
As the real estate world gains in complexity, we have become far more involved in the determination of real estate asset disposition, dissolution of marital assets, family real estate ownership strategies and succession planning. We work with attorneys, estate planners, financial planners and accountants to solve complex real estate matters.
- Succession planning for families and businesses
- Developing strategies on real estate holdings to meet changing goals
- Dissolution of marital assets and allocation of holdings
- Analysis of portfolios and strategies for the future
- Valuation of investments, properties in development and limited partnership interests
Negotiation
Gary London is an experienced deal negotiator. Clients regularly benefit from his negotiating skills to achieve the best financial outcome. Applying our firm’s market research and financial analysis capabilities as the backbone, Mr. London has negotiated:
- Urban deals-Analyzed and sold/ City blocks
- Large land deals: organized the sale and phased take down of master plan sites
- Commercial buildings: Mr. London negotiated and sold a high-rise commercial office building
- Portfolio sales: analyzed, organized, packaged and sold real property portfolios on behalf of family trust
- Investment portfolios: analyzed, prioritized and helped to consummate large portfolio purchase and 1039 exchanges
Additional Services

Market Analysis + Feasibility Studies
Supply | Site Assessment, Existing Inventory and Future Development of Competitive Projects
Demand | Demographic Segments, Absorption & Pricing Trends, Economic Environment
Reconciliation | Project Pricing, Market Timing & Capture, Competitive Positioning Strategy

Financial Analysis + Structuring
Financial Feasibility | Project Returns, Debt, Equity & Mezzanine Structures, Residual Land Value
Customized Models | Project Underwriting, Sensitivity Analysis, Development Alternative, Partnership Waterfalls
Fiscal Impact | Sales & Property Tax Generation, Employment Creation and Multiplier Studies, Tax Increment Allocation and Use of Funds

Strategic Advisory
Due Diligence– Financial Statement Audit, Lease Audit, Underwriting, Pricing/Rent Projections, Proforma Analysis, Calculated Residual Acquisition Value
Asset Management– Portfolio Analysis, Investment Strategy, Implementation Strategy, Acquisition/Disposition, Financial Structuring, Cost/Benefit Analysis
Entitlement/Development– Market Analysis, Phasing & Absorption, Financial Structuring, Entitlement Processing, Project Management
Project Design – Product Type & Mix, Finish & Amenity Recommendations, Identification of Target Market, Sales Strategies

Entitlements
- Interpret complex municipal code constraints and create a politically feasible entitlement strategy
- Define and engage key community stakeholders and public officials
- Provide representation at public hearings
- Build a team of specialists and manage them along a critical path to entitlement
- Negotiate concessions while protecting the project’s financial feasibility
- Manage the submittal process through multiple agencies and time lines

Capital Access
Package deals and locate capital utilizing our relationships with existing clients and institutions who are looking for unique real estate opportunities, while constantly building our network of capital providers.
Leadership

Strategic Alliances
LG augments its in-house expertise with professional alliances in specialty areas




Norm G. Miller
Ernest W. Hahn Chair / Emeritus Professor of Real Estate Finance
760.473.1668
nmiller@san diego.edu
619.269.4010 | 1184 Santa Barbara St, San Diego, CA 92107
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