Robert J. Wetmore
Mr. Wetmore has more than twenty-five years of experience in counseling and valuation work for public and private clients in California and throughout the United States. He is a Senior Principal in the San Francisco office.
Key Role
Mr. Wetmore has provided disposition consulting, land lease and valuation services on many of the West’s high profile public/private partnership projects, including Fort Ord in Monterey County, Yerba Buena Gardens in San Francisco, and California Plaza in downtown Los Angeles.
Areas of Specialization
Asset Management/Public Facilities
Mr. Wetmore has recently assisted the General Services Administration of the US Government in review of financial implications of alternatives for relocation of the US Geological Service from Menlo Park to UC Santa Cruz. He has provided similar services to the City of Los Angeles in respect to a proposal to construct 600,000 SF of office space for the city, and to the State of California for DMV headquarters.
Valuation and Land Lease Analysis
Mr. Wetmore is extensively involved in valuations for complex real estate situations, often involving land leases or built properties designated for rehabilitation. Recent examples include historic buildings designated for rehabilitation at the Presidio of San Francisco, valuation of air rights over the ballroom of the Marriott Hotel at Yerba Buena Gardens in San Francisco, and renovation/reuse of the Walter Scott department store and adjacent properties in downtown San Diego.
Additional Areas of Specialization
Water-Oriented Development
Mr. Wetmore has been consultant to the Ports of Seattle, San Francisco, and Oakland, to the Los Angeles County Department of Beaches and Harbors, the City of Coronado, and the City of Sausalito.
Mr. Wetmore has directed the Firm’s financial modeling of Dana Point Harbor development for the County of Orange, which will be a basis for redevelopment of land and waterside uses at one of the largest recreational harbors on the West Coast.
He has assisted the County of Los Angeles in the renegotiation of main land leases, and redevelopment, at Marina Del Rey.
Transit-Oriented Development
Mr. Wetmore is a consultant to the Bay Area Rapid Transit District (BART) in respect to development at several BART Stations, including evaluation of office, residential, and retail uses on property owned by the District. He has performed similar services for the Los Angeles Community Redevelopment Agency and the Metropolitan District Transit Board in San Diego.
Expert Witness Testimony
Mr. Wetmore has represented Keyser Marston clients in various legal and administrative proceedings.
Portfolio Analysis
Mr. Wetmore headed up Keyser Marston’s review of a $2 billion portfolio of properties for which the client, a subsidiary of the Xerox Corporation, had provided surety.
Professional Credentials
Mr. Wetmore is a speaker at the Community Redevelopment Association (CRA), the University of California (Berkeley) School of Urban Design, and seminars sponsored by Keyser Marston Associates, Inc. He has been a frequent contributor to Urban Land magazine, published by the Urban Land Institute. He is a State Certified Real Estate Appraiser (SCREA), State of California, and a member of American Society of Real Estate Counselors. Mr. Wetmore is a graduate of Princeton University (Phi Beta Kappa and magna cum laude graduate) A.B. and holds a master’s degree in European History from University of California, Berkeley.