Homebuilders

Lender wants Hansen & Horn receivership terminated

May 6, 2010
Scott Olson
Salin 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.
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Tax-break deadline spurs spec homes in Parade

March 29, 2010
Scott Olson
This 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.
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Receiver: Insolvent Hansen & Horn should be liquidated

February 22, 2010
Scott Olson
The 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.
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Cincinnati-area builder Fischer expands to Indianapolis

January 12, 2010
Cory Schouten
Home 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.
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Housing meltdown claims at least one homebuilder

December 26, 2009
Scott Olson
Two 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.
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Giant Heartland Crossing housing development hangs on

December 19, 2009
Kathleen McLaughlin
Short sales and foreclosures in this 2,200-unit development began cropping up several years ago and continue today.
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Local home builder placed in receivership

December 14, 2009
Scott Olson
A 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.
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Hansen & Horn insolvent, receivership next step for builder

December 3, 2009
Scott Olson
The 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.
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Attorneys drop troubled home builder Hansen & Horn

December 2, 2009
Scott Olson
Indianapolis-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.
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Troubled homebuilder's funds frozen after failing to pay judgment

November 24, 2009
Scott Olson
A 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.
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Homeownership losing cachet due to housing bust, job losses

November 21, 2009
Cory Schouten
Multifamily housing may not benefit anytime soon from falling rates of homeownership.
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IURC conducts review of Centennial's telecom serviceRestricted Content

November 7, 2009
Chris O'Malley
Every 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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Fewer home-building permits signal weakness ahead

October 20, 2009
Associated Press
Applications for home-building permits, a gauge of future construction, fell in September by the largest amount in five months.
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Virginia homebuilder enters market

October 17, 2009
 IBJ Staff
Home-building powerhouse Ryan Homes is marketing lots in 10 subdivisions it has taken over from the defunct local builder CP Morgan Communities.
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Area building permits fall for 23rd straight month

October 16, 2009
The number of building permits issued in the nine-county Indianapolis area fell 20 percent in September from the same time last year, marking 23 consecutive months of declines.
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'Makeover' making another trip to central Indiana

October 7, 2009
 IBJ Staff
Popular ABC show 'Extreme Makeover: Home Edition' is returning to central Indiana.
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A pair of community banks see loan woes escalateRestricted Content

October 3, 2009
Greg Andrews
Community Bank of Noblesville and Blue River Bancshares Inc. of Shelbyville have seen loans sour at a rate that might have seemed unimaginable before the housing market tanked and the recession set in.
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Charter Homes owner gets 2-plus years for mortgage fraud

September 30, 2009
Cory Schouten
Charter Homes owner Jerry J. Jaquess has been sentenced to two-and-a-half years in prison and ordered to pay restitution of $825,000 for his role in a $20 million mortgage fraud scheme.
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Recession slows the creation of a self-contained Boone County communityRestricted Content

May 18, 2009
Kathleen McLaughlin
Creating a self-contained community on 1,700 acres of farmland could take much longer than the 15 to 20 years Duke Realty Corp. predicted.
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C.P. Morgan's demise puts 2,000 home sites on market already overwhelmed with landRestricted Content

March 9, 2009
Cory Schouten
The end of C.P. Morgan, the largest central Indiana builder for a decade, will throw 1,200 home lots and options for 800 more onto an already flooded land market.
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F.C. Tucker forms partnership with home-builder ShoopmanRestricted Content

March 9, 2009
F.C. Tucker Co. has entered into an agreement with Shoopman Home Building Group in which 21 Tucker real estate agents will staff model homes in seven communities Shoopman is developing.
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Portrait and Pasquinelli Homes winding down in IndianapolisRestricted Content

January 12, 2009
Cory Schouten
One of central Indiana's largest condominium builders may have to exit the market because of slowing demand and problems with financing. At peak, Chicago-based Portrait and Pasquinelli Homes was building 250 units per year in Indianapolis
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Davis Homes folds, other builders struggleRestricted Content

December 29, 2008
Cory Schouten
Davis Homes, one of the state's largest home builders, fell victim to the tough housing market, ceasing operations July 23.
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Builders challenge park fee in ZionsvilleRestricted Content

November 17, 2008
Zionsville Town Council members have until Nov. 17 to decide whether to appeal a judge's decision last month that invalidated the town's park-impact fee.
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SPECIAL REPORT: Charter Homes draws scrutiny for odd sales claims, multiple liens

August 25, 2008
Cory Schouten
Charter Homes owner Jerry Jaquess fancies himself a white knight for King Park, a neighborhood once known mainly for its rampant crime, boarded-up homes and vacant lots. But as he’s constructed a slew of homes and carriage houses there, the local builder has stirred up several lawsuits, dozens of liens and persistent questions about whether his business is legit.
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