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Homebuilders
New-home construction off to mild start
February 23, 2012
Scott OlsonBuilding permits filed in the nine-county Indianapolis metropolitan area totaled 194 in January, a 2-percent dip from the
same time last year. But industry leaders are cautiously optimistic.
MoreBuilder'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.
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You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.
For those who let this information strike a nerve, remember that this is still the America that allows the freedom to achieve dreams and goals. Should you really chastise those who are given a perk on a deal that is supported by the consumer (that is until they don't like the deal anymore due to envy) or should the dream of rewards for working be looked at a little closer? I say lets stick to the deal, go to work,earn our keep, shoot for dreams, change our jobs to have that dream or shut up about others achievements ..............while we are still afforded this liberty of America !
Three Magi
Cats out of the bag. The object of the game is to get acquired. That means the company has no idea how to grow beyond a certain point. Email is a 1990s technology. I have laughed at this company since day one. Such a small bit player. If it was anywhere but here, it wouldn't be newsworthy.
Esther, Indy has passed Chicago in the local government corruption arena. Don't downgrade us. We're No. 1 in the Midwest.