Today I will be attending the Indiana Commercial Board of Realtors Annual Conference Titled “Moving Indiana Forward.” I will try to post as often as possible. Please check back frequently and see what insights and comments I may have.
Breakfast and Keynote:
-President David Nugent BND Commercial LLC
-Big push for www.icrex.com
-Do not want Loopnet/Co-Star to dominate or control data. $$$ from brokers.
– Wants us the members to meet the local district rep. I have an opinion on that but that is for another day.
-Sitting at my table are some old friends Scott Rumble Coldwell Banker Shook. Andrew Gutwein and Dale my appraiser buddy from back in the day.
-Conference committee presentation. Brian Dell Summit Realty Group.
– Peeps already busting out the magazines and news papers. Who reads a newspaper?
-Main Presentation: Closing a Transaction Using Economic Incentives.
Larry Gigerich Managing Director,Ginovus LLC
-Defining the process and steps from a broker point of view.
-Goals ,site selection, agreements signed.
-Considerations for incentives. Capital investments ,new or existing jobs, wage of workers.
-Biggest project they look for .Life sciences and bio sciences.
-Indiana Economic Incentives. State, County, City.
-Examples of incentive programs. Tax abatement, Industrial Development Grant Fund, Venture Capital Tax Investment Fund.
– Financing. Industrial Revenue Bonds, Tax Increment Financing Bonds, SBA 504, SBA 7a.
-Timing is the most important factor to any deal and helps the process for accuracy and results.
Next Session: Ethics.
Jim Bittner Broker/Owner ReMax Real Estate Groups Anderson.
-Legacy Project: Super Bowl. Near Eastside Redevelopment
-Recognition of officers
-Announcement that it was a record number of brokers attending. Hmmmn.
-Realtor of the year Bill Ehert Sumitt Realty Group
-New President. Larry Mitchel Mitchel Apprasials
Brian Crist, Partner Ice Miller LLC
Jeff Abrams Partner,Benesch/Dann Pecar
Off to Atlanta and CoreNet!