Homebuilders
Builder's bookkeeper gets 18-month sentence for theft
January 25, 2012
IBJ Staff and Associated PressKim Hutchison, 52, the former treasurer of Greenwood-based J. Greg Allen Builders and Princeton Homes, has been sentenced
to 18 months in prison for allegedly stealing more than $446,000 from the now-closed companies.
MoreMetro home-building activity sinks again in 2011
January 11, 2012
Scott OlsonNew-home construction in the Indianapolis area slid in 2011, marking six straight year-over-year declines in residential building.
The 3-percent decrease in building permits, however, was the smallest decrease since 2006.
MoreMetro home-building activity down in November
December 16, 2011
In the nine-county metropolitan area, the number of home-construction permits filed last month dropped to 225, a 13-percent
decrease from the same month in 2010.
MoreBuilder, developer partner in turnaround firm
November 29, 2011
Tom HartonProvidence Homes was started earlier this year by Mitch Davis, 42, a former vice president of the now-defunct CP Morgan Homes;
and Brian Mann, 44, managing partner of Mann Properties.
MoreArea residential building permits up in October
November 10, 2011
Scott OlsonDouble-digit increases in permit filings the past three months have residential construction activity in the Indianapolis
metropolitan area in position to surpass last year's pace.
MoreBuyers edging back into Indianapolis commercial real estate
November 5, 2011
Cory SchoutenMost buyers are bottom-fishers, investors looking for better returns or companies wanting their own building.
MoreHomebuilder Estridge files for bankruptcy
September 29, 2011
Anthony SchoettlePaul Estridge Jr. owes a list of creditors including banks, suppliers and vendors more than $50 million, but has assets of
less than $5 million, he said.
MoreFormer real estate exec to plead guilty to wire fraud
September 6, 2011
Scott OlsonKim Hutchinson, former treasurer of J. Greg Allen Builders and Princeton Homes, agreed to plead guilty to stealing $446,419.
Her cooperation likely will result in a lighter sentence of 30 to 40 months.
MoreHome construction permits dip in July
August 11, 2011
The number of permits filed last month in the Indianapolis metropolitan area declined to 305, a decrease of 4 percent from
the same month in 2010, according to the Builders Association of Greater Indianapolis.
MoreDeveloper tries 'pocket' neighborhood in Carmel
July 16, 2011
Cory SchoutenA veteran local homebuilder is tearing up the suburban residential playbook with a new project in Carmel that offers tightly
spaced bungalows clustered around grassy courtyards.
MoreLender's suit says homebuilder owes $12.8M on loans
July 5, 2011
Scott OlsonM&I Bank filed the suit against J. Greg Allen, charging he defaulted on two loans he took out to buy 73 acres of land on the
northeast corner of Emerson Avenue and County Line Road on Indianapolis' south side.
MoreChambers quietly built Buckingham into real estate colossus
June 25, 2011
Cory SchoutenThe North of South mixed-use project in downtown Indianapolis is just the latest development for Brad Chambers, who started
out in the landscaping business.
MoreHome builders close after alleged embezzlement scheme
June 23, 2011
Cory SchoutenTwo prominent area home builders have ceased operations after owner J. Greg Allen filed suit against two longtime executives,
alleging they've been stealing from the companies for years.
MoreWork to begin on rare Washington Township home sites
May 31, 2011
Tom HartonThe transformation of a wooded ravine immediately north of Park Tudor School into an 11-lot gated community will bring to
market a rare commodity: a cluster of new-home sites in densely populated Washington Township.
MoreArea home-building activity shows April uptick
May 16, 2011
In the nine-county area, the number of building permits filed in April climbed to 361, an increase of 10 percent from the
same month in 2010.
MoreLocal developer seeks bankruptcy protection
April 29, 2011
Scott OlsonPlatinum Properties LLC, an Indianapolis upscale residential real estate developer, sought Chapter 11 protection on Monday,
listing several huge debts to prominent local businesses and business people.
MoreEstridge becomes division of national home builder
April 26, 2011
Scott OlsonThe Estridge Group, which had operated in the Indianapolis area since 1967, has become part of Houston-based David Weekley
Homes. Estridge had struggled in recent months to stay afloat during the severe housing downturn.
MoreLocal home-building activity still slumping
April 19, 2011
IBJ Staff and Associated PressHome-building permits filed in the Indianapolis area sank by more than 20 percent in March compared with the same month last
year. Still, signs show home construction both locally and nationally may be picking up.
MorePortrait Homes parent files for bankruptcy
April 11, 2011
Kathleen McLaughlinChicago-based Pasquinelli Homebuilding is seeking bankruptcy liquidation for all its business entities, including Portrait
Homes Indiana, which built hundreds of homes in the Indianapolis area.
MoreResidential developer declares bankruptcy
April 6, 2011
Scott OlsonJohn Swinehart, a former executive of Bruce Gunstra Builders Inc. who was involved in the Monon on Main project in Carmel,
is seeking Chapter 7 bankruptcy protection. He lists liabilities of $8.3 million.
MoreCondo sales lag in hot downtown apartment market
April 5, 2011
Cory SchoutenNew apartment projects carrying premium rents are popping up all over downtown, but the strong demand for urban living isn't
providing much of a boost for the condo market.
MoreHome builder Estridge promises to finish homes, fight on
March 19, 2011
Anthony SchoettlePaul Estridge Jr. says he’s in talks with three investors who are interested in keeping his company in business.
MoreEstridge: We need cash to survive
March 17, 2011
Anthony SchoettlePaul Estridge Jr. says potential investors have inquired about helping his homebuilding company. Without millions in capital
and a line of credit, the business could close within a week.
MoreEstridge again seeking investors to avoid closing
March 15, 2011
Scott OlsonThe Carmel-based homebuilder said Tuesday that it will shut down if outside investors or a line of credit aren't obtained
soon. The company previously received a cash infusion last June from a group of subcontractors.
MoreHome construction weak both locally, nationally
February 16, 2011
IBJ Staff and Associated PressHome building in the Indianapolis area fell by more than 30 percent n January over the same month of 2010.
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Poor little LadyJ! Typical Democommie. In case it got past you, the dems have totally screwed this country in the past 3+ years. We have a democommie in the White House who apparently never read the Constitution, while claiming to be a constitutional scholar. We had a democommie-controlled Congress (opposite of PROGRESS?)passing bills that "we'll have to pass before we know what's in it". This impostor president has violated the U. S. Constitution too many times to count. The Attorney General is a race-baiting gunrunner that refuses to stop illegal immigration. And, the head of NASA, a once-proud agency that put several men on the moon, is now our liason to the murderous Muslims. Great job, democommies! Sometimes I wish they really would try to take our guns.
Pat Bauer try t do right about the state but the Republican leader and all of them did not think of us. Only the money they will get from their rich corporation. Of Course the Democrats had union, so I won't vote for Bosma or whatever his name is.
Well you are talking about Republican, did all of the Damage in this state. Sure the Democrats did some but most is the Republican. The Republican set us back not going forward. Hurry passed bills won't listen to any amendment our way only. The Republicans drew up these district so they could win again. Which is a crying shame. I will not vote for any Republican and I got the list who voted for the RTW Bill and who didn't. Tired of the Republicans
Actually, it was Greenspan who encouraged the elderly to refinance their homes, using their equity to boost the economy after 9/11. In addition, it was George Bush and Barney Frank who jointly suggested that everyone should hold a piece of the rock. It was the Bush Administration, namely Treasury Secretary Paulson who deregulated Wall Street and Lenders such as Countrywide, Washington Mutual, Wachovia, Bank of America, and Wells Fargo. When the TARP Bailout Proposal went to Capitol Hill in October 2008, Treasury Secretary Paulson asked for, and received, full immunity from future prosecution, dating back to his time as CEO of Goldman Sachs, the co-recipient of the initial $350 Billion Dollar Tarp Bailout Payment for Wall Street, back in October 2008. It was the US Treasury and the Federal Reserve, both controlled by the Bush Administration, that created sub-prime mortgages, starting in 2004. Many members of the House and Senate, on both sides of the aisle, benefited from home mortgage refinancing. Banks, appraisers, and realtors pushed people into home mortgages they had no business accepting, based on claims that the housing market would only get better. Average Americans did not create Credit Default Swaps, I think those creations happened on Wall Street. Spend some time at the library, you will be shocked by what your research brings forth.
They need to pay their fines and the judge blocking the fines needs to be investigated. I'm sick and tired of democrats and their spending. We went broke with every dem as gov. too. Pat Bauer needs to go!