As Ned observed for MD, CA I believe is the same, an entity needs to be represented by an attorney.I wonder if he was signing as an individual or in the capacity of the entity he owned?  

You wondered about your asking price in relation to your investment and purchase; as much as we would all hope comparable properties drive FMV and decision making, I have observed realtors, buyers, and even appraisers use purchase history to frame negotiations.

I will observe, absorb and retain...  

Durham property crime rank since this is BP...) and note dcvb-nc.com redirects to http://www.durham-nc.com/ (Just my observations - not to be construed as a pitch, endorsement, opinion, etc., ...)

In my observation, there are two categories of people up there- 1.

Have you observed in your local market that discerning buyers may discount these spaces and not consider them as true GLA?

You get the benefit of the market jump when it comes back up But I have also found deals in the current market, where there was an information inefficiency in the market and it wasn't clear what a good deal it was to the average observer. 

The bank could also assume that yiu have a lot of those reserves that will be going out in payments to contractors or for materials on the projects that you are just completing.These are just my observations from where the bank may be coming from.

More details/observations below..In 2009 & 2010, I saw a large proportion of sold homes that were in very poor physical condition (REO's etc) and not ready to be occupied, which appeared to be weighing heavily downward on price indeces.

. :)Silicon Valley employees are generally well compensated based on my observation.