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Homebuilders
Home 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.
MoreU.S. home construction up after two months of declines
December 16, 2010
IBJ Staff and Associated PressLocally, building permits were up 17 percent in the nine-county area, from 222 in November 2009 to 259 in November 2010.
MoreIndianapolis-area experts see bright spots amid ongoing real estate weakness
October 23, 2010
Health care shows signs of life, and multi-family buildings continue to hold their own, experts said during a recent IBJ
Power Breakfast.
MoreEstridge scales back Symphony development in Westfield
October 5, 2010
Scott OlsonThe Estridge Cos. said it is reducing Symphony from a planned 1,400 acres to a size that will closer rival the Carmel-based
home builder’s 436-acre Centennial development, also in Westfield.
MoreLocal building permits down again in August
September 22, 2010
Scott OlsonThe number of building permits filed in the nine-county metropolitan area dropped by 18 percent in August from the same time
a year ago, falling from 354 to 290. The drop marks the third consecutive month permits have fallen.
MoreHome construction jumps nationally
September 21, 2010
Associated PressHousing starts are up 25 percent from their bottom in April 2009. But they remain 74 percent below their peak in January 2006.
MoreBank suing Estridge Cos. for securities fraud
September 16, 2010
Scott OlsonBank of Indiana files complaint against the home builder, alleging it failed to repay a $1 million investment due June 30.
The complaint further accuses law firm Krieg DeVault LLP of malpractice and breach of fiduciary duty.
MoreEstridge drops Westfield sports complex, still plans stadium
September 3, 2010
Scott Olson, Cory SchoutenThe Estridge Cos. has withdrawn a proposal to build a massive youth sports complex in its master-planned Symphony development
in Westfield.
MoreWestfield's proposed Symphony development under review
July 8, 2010
IBJ Staff and Associated PressThe Westfield planning commission has asked city employees to further review the 1,400-acre mixed-use project that could include
thousands of homes, shops, a YMCA and a baseball stadium.
MoreTrustee asks for Hansen & Horn bankruptcy to be dismissed
June 28, 2010
Scott OlsonBeleaguered home builder doesn't appear to have funds available to pay an attorney to prepare
necessary paperwork for Chapter 7 liquidation, trustee says in court filing.
MoreSubcontractors come to Estridge's aid with $10M investment
June 26, 2010
Scott OlsonEstridge Cos.' subcontractors have invested $10 million into the firm led by COO Matt Cohoat and CEO Paul Estridge Jr.—an
infusion that paves the way for them to proceed with
a massive development in Westfield.
MorePotterhill Homes enters Indianapolis market
June 26, 2010
Scott OlsonA Cincinnati-based homebuilder’s expansion into Indianapolis marks the second time in six months a builder from the
Queen City has carved out space in the metropolitan area.
MoreResidential building activity levels off after surge
June 18, 2010
Scott OlsonThe number of building permits filed in the nine-county metropolitan area has been flat the past two months following a flurry
of activity leading up to the expiration of federal home-buying tax credits.
MoreLender wants Hansen & Horn receivership terminated
May 6, 2010
Scott OlsonSalin Bank argues that it wants to "control its own destiny" by selling 49 lots the homebuilder defaulted on rather
than have court-appointed receiver coordinate the sale.
MoreTax-break deadline spurs spec homes in Parade
March 29, 2010
Scott OlsonThis spring's Parade of Home is being held about two weeks earlier than normal to help builders lure homebuyers who want to
take advantage of federal incentives intended to give the residential real estate market a boost. Builders also are taking
chances on more spec homes.
MoreReceiver: Insolvent Hansen & Horn should be liquidated
February 22, 2010
Scott OlsonThe troubled home builder's $14.5 million in liabilities are twice as much as its assets, receiver tells Marion County judge,
who takes the recommendation under advisement.
MoreCincinnati-area builder Fischer expands to Indianapolis
January 12, 2010
Cory SchoutenHome builder hopes to sell as many as 200 houses in region this year. Fischer, which entered the Columbus, Ohio,
market in 2008 after buying subdivisions from retreating builders, is using the same strategy to establish a foothold in Carmel,
Westfield, Zionsville and Avon.
MoreHousing meltdown claims at least one homebuilder
December 26, 2009
Scott OlsonTwo more local homebuilders fell victim in 2009 to the prolonged meltdown of the housing market. Carmel-based
C.P. Morgan Communities LP closed in February, and Indianapolis-based Hansen & Horn Group Inc. is teetering on the edge
of bankruptcy.
MoreGiant Heartland Crossing housing development hangs on
December 19, 2009
Kathleen McLaughlinShort sales and foreclosures in this 2,200-unit development began cropping up several years ago and continue today.
MoreLocal home builder placed in receivership
December 14, 2009
Scott OlsonA receiver appointed to manage the assets of financially troubled Hansen & Horn Group Inc. will recommend whether the Indianapolis-based
home builder should remain in business.
MoreHansen & Horn insolvent, receivership next step for builder
December 3, 2009
Scott OlsonThe president of Hansen & Horn Group Inc. admitted in court Thursday that the troubled home builder is insolvent and agreed
to have a receiver appointed to operate the company.
MoreAttorneys drop troubled home builder Hansen & Horn
December 2, 2009
Scott OlsonIndianapolis-based Hansen & Horn Group Inc. is without legal representation after attorneys defending the troubled
home builder from a slew of lawsuits dropped it as a client.
MoreTroubled homebuilder's funds frozen after failing to pay judgment
November 24, 2009
Scott OlsonA Marion County judge has frozen certain Hansen & Horn Group Inc. funds after the Indianapolis homebuilder failed to pay
a $183,000 legal judgment. The move sheds light on the severity
of the company’s woes.
MoreHomeownership losing cachet due to housing bust, job losses
November 21, 2009
Cory SchoutenMultifamily housing may not benefit anytime soon from falling rates of homeownership.
MoreIURC conducts review of Centennial's telecom service
November 7, 2009
Chris O'MalleyEvery neighborhood has its battles, but the 1,017-resident Centennial subdivision in Westfield is embroiled in one of the
most unusual: a very public fight over the adequacy of its phone, Internet and video service.
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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.
Does the buyer get to keep the recent Accu-Chek J.D. Power award? Be careful, those Swiss cannot be trusted. Last June they pimped Mayor Ballard and former Governor Daniels at a media op, announcing plans to invest "$300 million at its Indianapolis headquarters, creating up to 100 new jobs by 2017," only to turn around and close the Roche Nutley, NJ facility and eliminate 1000 jobs there later the same week. It seems that healthcare can be innovated only as long as money is to be made. Right now Roche seems to have big eyes for China: there are many Chinese in China and potential billions in Swiss francs! Since Roche is having difficulty with US insurance companies swallowing the bill for overpriced cancer drugs (with debatable efficacy) why not sell insurance to the Chinese and market the drugs to them there? There is a name for these sort of business practices however proper decorum precludes it use in this forum.
Same kind of Luddites who oppose I-69. Guessing their 501(c)(4) application probably sailed right through the IRS.