This week Mike Drew, RESOURCE Senior Vice President, answered a few questions so we could learn more about him. Check it out below!

Why did you go into commercial real estate?

“When I was a student at Indiana University, my student counselor told me at the beginning of junior year that I would have to pick a major during my next semester. I walked out of his office and went next-door to the Real Estate Department to pick up literature about that major. My dad owned several single-family rental homes, so those rental homes sparked my interest in the real estate business. The move to Commercial was a choice I made because I preferred working business hours versus evenings and weekends in single-family.”

What is your favorite way to spend a weekend?

“Visiting with family & friends, walking, reading, driving, & restaurant meals. Working outside in the yard during this time of year is great too!”

What is your favorite part of your job?

“Working with interesting people (property owners & investors) and helping them solve problems and accomplish their goals.”

michael horrigan land investment

Thursday, April 23, 2020

INDIANAPOLIS, IN – The REALTORS® Land Institute has announced that Michael Horrigan, Vice President, RESOURCE Commercial Real Estate (rcre.com) of Indianapolis, IN has officially completed the organization’s course Land Investment Analysis on 3/17/2020.  The REALTORS® Land Institute provides the expertise, camaraderie, and resources that constitute the foundation for all land real estate professionals.

The course focuses on growing the broker’s competency in assisting clients throughout the land investment analysis process. In completing the course, Horrigan has demonstrated the expertise necessary to determine the current value of a property through a calculation that includes the internal rate of return, net present value, and mortgage payment. Topics the course covers include acquisition, operation, and disposition costs and equity.

Horrigan, who has long worked with real estate data, further developed his effectiveness in analyzing and evaluating data, including highest performance indicators, multipliers and ratios, rate of return, and more. These skills convert into valuable service to Horrigan’s clients, as he advises on the best use of a property.

About RESOURCE Commercial Real Estate

RESOURCE Commercial Real Estate (RCRE), Central Indiana’s largest locally-owned real estate brokerage firm, provides consultative commercial real estate solutions focused on building long-term relationships with customers and clients to ensure long-term success for their business. RCRE is proud to serve clients on Main Street who share common interest in assisting in providing future security and success for Indiana. Not only does RCRE offer a full portfolio of brokerage services for buyers, sellers, tenants, and landlords, but they also specialize in property management and receiverships, site selection and incentives procurement, investment services, auction services, and project management. RESOURCE Commercial Real Estate has the right focus, creates and implements the right plan, and brings the right hustle to deliver the right results.

 

More information can be found at www.rcre.com.

 

For media inquiries:

Libby Myers

Marketing Specialist

RESOURCE Commercial Real Estate

(317) 663-6081

libby.myers@rcre.com

###

Monday, March 16th, 2020

INDIANAPOLIS, IN – Mitch Doner, an Associate with RESOURCE Commercial Real Estate, has been appointed to the CCIM Institute’s Indiana Chapter Board of Directors as a Director at Large, effective immediately. Doner has been employed by RESOURCE for nearly two years and has been active in real estate brokerage since 2013. Prior to obtaining his license in 2013, Doner was active in real estate marketing for nearly five years and now focuses on brokerage in central and northeastern Indiana. Additionally, Doner specializes in distressed asset disposition within receiverships, short sales, and judicial sales for all asset types. He is currently finalizing the completion of the CCIM designation curriculum and is on schedule to qualify for and obtain the designation in late-2020.

Mitch Doner, RESOURCE Associate

About RESOURCE Commercial Real Estate
RESOURCE Commercial Real Estate (RCRE), Central Indiana’s largest locally-owned real estate brokerage firm, provides consultative commercial real estate solutions focused on building long-term relationships with customers and clients to ensure long-term success for their business. RCRE is proud to serve clients on Main Street who share common interest in assisting in providing future security and success for Indiana. Not only does RCRE offer a full portfolio of brokerage services for buyers, sellers, tenants, and landlords, but they also specialize in property management and receiverships, site selection and incentives procurement, investment services, auction services, and project management. RESOURCE Commercial Real Estate has the right focus, creates and implements the right plan, and brings the right hustle to deliver the right results.

More information can be found at www.rcre.com.

About the CCIM Institute
The CCIM Institute created the language of global real estate investment. Their courses and worldwide community deploy commercial real estate investment methodologies and tools that speed the pathway between opportunity, a go/no-go decision, and success for an asset, taught by instructors who are themselves industry leaders. Today, the organization, through its 50-plus chapters, continues to innovate best practices and elevate the commercial real estate professional through its core designation program to earn the CCIM pin – real estate’s most coveted credential – and its topical education courses offered through the Ward Center for Real Estate Studies. In addition, membership in the CCIM Institute includes the industry’s best technology and operational platform, allowing entrepreneurial and mid-sized businesses to compete with the largest multinational providers. Today, almost 70 percent of designees hold the title of owner, partner, principal, or president, representing an exclusive worldwide referral network of 13,000 members in 30 countries. Ultimately, CCIM represents a larger vision of the commercial real estate provider, leveraging investment analysis, opinions of value, and underwriting to become a leader in sourcing capital, building a cash-flow vehicle, and ultimately creating value.

More information can be found at www.ccim.com.

For media inquiries:
Libby Myers
Marketing Specialist
RESOURCE Commercial Real Estate
(317) 663-6081
libby.myers@rcre.com

###

Commercial real estate is never really what comes to mind when people first think about real estate. Most people I talk to jump to the idea of a big house and rarely ever consider the open lot, or the strip center downtown. Ultimately, commercial real estate is a highly underrated industry, making it the cornucopia for the business-minded. It is basically a wild west, untamed and full of potential, especially for younger generations.

There is a proliferation of information available for free on the internet. Whether you are buying a refrigerator or a house it is possible to learn a lot about pricing while you are still in your pajamas. Zillow is fast becoming one of the first stops for buyers and sellers of homes.

I am pleased to present the 2018 RESOURCE Semi-Annual Market Report, prepared by our outstanding research and marketing teams. Our annual report provides insight into the commercial real estate activity in the Central Indiana market.

This comprehensive tax bill has a variety of components that a ect both the single-family and commercial/multifamily industries. The bill preserves the ability to deduct up to $10,000 in property taxes and also preserves the mortgage interest deduction for both rst and second homes (though the cap on deductibility was lowered to $750,000).

From “Gettin’ in the Zone Hats” to weekly trainings, RESOURCE is honored to announce it is one of the 125 Best Places to Work in Indiana!