Residential Real Estate
Glick center receives $6.3 million federal grant
February 9, 2012
The funds will be used to construct a three-story, independent-living facility consisting of 50 one-bedroom units for low-income
senior citizens at the neighborhood center on Indianapolis' northwest side.
MoreNew mixed-use project holds promise for building across street
January 31, 2012
Tom HartonAn 82-year-old downtown commercial building that’s had trouble luring tenants is suddenly positioned to thrive courtesy
of an $85 million mixed-use project planned for a site right across the street.
MoreFew in Indiana using state fund to avoid foreclosure
January 30, 2012
Associated PressA state program created to help Indiana residents avoid foreclosure by providing them with 10-year loans is seeing few takers
even though the state's foreclosure rate is among the highest in the nation.
MoreApartments rev up residential revival downtown
January 28, 2012
Cory SchoutenAn apartment building spree downtown is getting fresh fuel with an $85 million mixed-use development that will be anchored
by a Marsh grocery.
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.
MoreMarsh to anchor massive new downtown development
January 24, 2012
Cory SchoutenA local developer plans to build a Marsh grocery store and hundreds of apartments in an $85 million project that would replace
a block and a half of surface parking lots in the northwest quadrant of downtown.
MoreCentral Indiana home sales improved slightly in 2011
January 24, 2012
Closed sales last year inched up 1.2 percent in 13 area counties and jumped 18.3 percent from July through December, bolstered
by a 7.2-percent increase during the last month of 2011.
MoreFalling home inventory suggests market is firming up
January 21, 2012
Cory SchoutenAbout 12,000 homes were listed for sale at the end of December in the nine-county central Indiana market, a roughly 18-percent
drop from a year earlier.
MoreHundreds of houses available as Super Bowl rentals
January 20, 2012
Scott OlsonIndianapolis-area homeowners are looking to cash in by opening up their homes to visitors for daily prices ranging from about
$700 to $9,000, but demand may not come until participants in the big game are settled.
MoreState auctioning surplus farmland at height of market
January 17, 2012
Tom HartonUp for grabs are 670 acres of prime farmland southwest of Pendleton between Interstate 69 and U.S. 36.
MoreIndianapolis-area home sales close year on the rise
January 13, 2012
Home-sale agreements increased 7.9 percent in the nine-county Indianapolis area in December, helping the region eke out an
annual gain of less than 1 percent.
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.
MoreLocal developer rescues 1913 apartment building from wrecking ball
January 3, 2012
Cory SchoutenA local developer and historic preservation group have teamed up to save a 1913 apartment building near the Children's Museum
from demolition.
MoreProgress slow on variety of metro area deals
December 27, 2011
Tom HartonMany projects we reported on here over the past year are still in progress, confirming that the real estate market is still
sluggish.
MoreReal estate meltdown leaves developers reeling
December 24, 2011
It was another rough year for the real estate sector in 2011, as the homebuilder Estridge filed for bankruptcy, strip-center
specialist Broadbent struggled to hold onto its headquarters, and Centre Properties faced a $43 million foreclosure suit.
MorePark Tudor land purchase puts stop to housing development
December 20, 2011
Tom HartonThe private school recently bought the 5.7 acres north of its campus that Dr. Bill Nunery, a local ophthalmologist, had planned
to develop into an upscale residential enclave known as Grace Hill.
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.
MoreEast-side apartment complex target of $9M foreclosure
December 13, 2011
A Marion Superior Court judge has approved the appointment of a receiver to manage Lexington Park near North Post Road and
East 38th Street.
MoreCarmel office/retail complex hurt by road project gets second chance
December 13, 2011
Tom HartonMerchants Pointe, a two-building office/retail development at 116th Street and Keystone Parkway, is getting a fresh start
after major road construction drove away tenants and caused a previous owner to default.
MoreArea home-sale deals make November jump
December 12, 2011
The 7.2-percent increase last month in Indianapolis home-sale agreements marks the seventh straight month of year-over-year
increases, according to a report from F.C. Tucker Co.
MoreDeveloper plans 26-story tower along canal
December 10, 2011
Cory SchoutenValparaiso-based Investment Property Advisors wants to build an $83 million apartment project for college students on one
of the last available parcels along downtown’s Central Canal.
MoreKeystone Towers redevelopment could start in April
December 7, 2011
Scott OlsonThe first phase of the $22.5 million project, dubbed The Point on Fall Creek, would involve the construction of 58 apartments.
Another 80 units would follow, complemented by a retail component.
MoreEx-Speedway boss plans 4-lot subdivision on north side
December 6, 2011
Scott OlsonFormer Indianapolis Motor Speedway CEO Tony George and his wife had tried unsuccessfully to sell their 12-acre wooded estate
and now are planning to divide the land into a four-lot subdivision.
MoreNew deals add to robust year in apartment sales
December 6, 2011
Tom HartonThe number of transactions has more than doubled compared with last year, a spike in deal flow caused by healthy occupancy
rates and a combination of ample supply and low borrowing costs.
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.
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Members must realize if you stop paying your dues you will lose. Why else would your employer honor the rtw bill. Before you take this step think about what you may be giving up in the long run. Very little of your dues money goes to any dem candidate. YOu will never know how much your republican employer gives his party with money he could be paying the employee. Who will step up and demand better wages or benefits if you have no representation. Union is the way for a better life. Our carpenter union offers a 4 year apprenticeship and 2 year degree from Ivy Tech all paid for with union dues . This is a great opportunity for kids who cant afford schooling after high school. The same opportunity is there for any person,any age, either sex to provide a better living for their family. Pension, anuity, health insurance all for your dues. How is this a bad choice.
The FDIC is funded by assessments paid by banks, not taxpayers. That is not to say that bank customers don't ultimately pay the cost because, in the end, banks don't survive if they don't make profits.
SCB Bank's failure is expected to cost the government $33.9 million,dont you mean middle class another bailout our government has no money
Diogenes, the company did not call "pro-life" statements inflammatory. The IBJ article used the words "pro life."
All, the company did, is what it should do which is apologize profusely for offending people with a program that offered statements that support an infamous apartheid proponent, Dr. Verwoerd, suggest that sometimes rape is justified, and quote Biblical text to people, not looking for it.
If this is what you think is "insanity" then more companies need to behave insanely.
I totally disagree with $45mil being given to the state Attorney General's office. That money is a waste. All of the money should go to help the homeowners & the people who were foreclosed on. Why such a big percentage to state govt? They'll get to start another agency staffed with people who have new-found power & don't care about the people they serve. As soon as the program was announced, I knew the states would end up with a huge chunk of the money for themselves that would just be squandered. Or maybe Mitch Daniels will just happen to "find" another big chunk of money that was "posted in the wrong section of the state's books."