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Residential Real Estate
Veteran custom homebuilder taking prefabs downtown
June 15, 2013
Scott OlsonUrsula David is out to dispel the perception that modular homes are little more than glorified double-wides. David, who started
Ursula David Homes 20 years ago, is concentrating on a new project, Indy Mod Homes, and is targeting an unlikely place for
the prefabs—the urban core.
MoreGovernments helped fuel nursing-facility developer's rise
June 15, 2013
Kathleen McLaughlinCarmel-based Mainstreet Property Group has built 13 nursing homes in Indiana and Illinois since 2008. Six of the dozen Indiana
properties benefited from municipal-backed credit or tax breaks, and a seventh received a reduced-impact fee. Mainstreet also
received $345,000 in state economic incentives.
MoreCity won't take back suspect properties sold by Land Bank
June 14, 2013
Kathleen McLaughlinThe city of Indianapolis won't try to take back properties that were sold by its Indy Land Bank to suspect not-for-profits
or to Naptown Housing Group LLC, in which former land bank director Reggie Walton is alleged to be a silent partner.
MoreOut-of-state developer pitches $75M Carmel project
June 11, 2013
Andrea Muirragui DavisBaltimore-based Atapco Properties wants to redevelop 34 acres of land at Carmel Drive and Guilford Road, converting a portion
of the commercial property to residential use with hundreds of apartments.
MoreHomebuilders extend streak with 23-percent surge in permits
June 11, 2013
IBJ StaffSingle-family building permits rose 23 percent in the nine-county Indianapolis area in May, the 11th straight month of year-over-year
increases.
MoreBank gives Indy $1.4M to settle discrimination complaint
June 7, 2013
Associated PressThe settlement results from a complaint that alleged Wells Fargo's properties in white neighborhoods were much better
maintained and marketed than properties in minority areas.
MoreFraud victim says he was duped twice over land bank house
June 6, 2013
Kathleen McLaughlinJoseph Satterfield says he paid twice for his residence at 624 Congress Ave., but he still doesn’t have his hands on
the deed to the house that was held by the Indy Land Bank.
MoreBuckingham set to redevelop Carmel shopping center
June 4, 2013
Scott OlsonThe Carmel Marketplace on East Carmel Drive is directly south of the Mohawk Hills apartment complex, which Buckingham hopes
to start redeveloping as part of its long-awaited Gramercy project late this year.
MoreApartment business good in IU's hometown
May 28, 2013
Associated PressBloomington's average apartment rent was $892 last year, up nearly $60 in two years.
MoreHomebuilder focuses on 'pocket' communities near Carmel attractions
May 25, 2013
Andrea Muirragui DavisTwo Carmel natives operate Old Town Design, which is building small neighborhoods of new Craftsman-style homes in and near
downtown Carmel's old neighborhoods.
MoreBroad Ripple project takes heat at Village meeting
May 24, 2013
IBJ StaffJeering and catcalls greeted officials from Browning Investments, which has proposed the $18 million residential and retail
development along the Central Canal.
MorePittman pitches $90M mixed-use project for Zionsville
May 22, 2013
Andrea Muirragui DavisOne of the highest-profile tracts of undeveloped land in Zionsville could be transformed into a commercial and residential
hub if Pittman Partners' 62-acre project gets the town’s blessing.
MoreKessler Mansion neighbors balk at business uses
May 15, 2013
Dan HumanAn Indianapolis City-County Councilor is looking into the possibility of zoning violations at the massive north-side property.
The mansion will host a camp for entrepreneurs in June.
MoreNancy Irsay puts party pavilion, home on market for $3.7M
May 14, 2013
Scott OlsonDozens of small charities have used the pavilion in south Carmel to host events, paying far below market rates.
MoreArea homes sell at faster clip
May 13, 2013
Purchase agreements for existing homes in the Indianapolis area increased 13.2 percent in April. Home sales have jumped in
each of the first four months of the year.
MoreScam artist receives 34 years for home-sale scheme
May 10, 2013
IBJ StaffShela Amos, 57, led victims in Indianapolis to believe they were legitimately purchasing vacant homes that Amos did not actually
own.
MoreArea homebuilding permit filings surge 41 percent
May 9, 2013
IBJ StaffSingle-family building permits filed in the nine-county Indianapolis area rose again in April, the 10th straight month of
year-over-year increases.
MoreCity code enforcement rethinks rental housing strategy
May 9, 2013
Kathleen McLaughlinIndianapolis is reconsidering plans for cracking down on negligent landlords through a rental-housing registry after the Legislature
enacted a one-year moratorium on new fees.
MoreBrowning exec Dye joining The Whitsett Group
May 7, 2013
Scott OlsonDennis Dye will become a partner at Whitsett, a prolific developer of affordable housing. He has served two stints at Browning
totaling about 20 years.
MoreStadium Lofts apartment project nears opening day
May 4, 2013
Scott OlsonThe unusual nature of the redevelopment and its location are driving strong leasing activity.
MoreIndiana foreclosure prevention program expanding
April 17, 2013
Associated PressState officials estimate that about 10,000 Indiana homeowners will get help in making their mortgage payments under an expansion
of a federally funded foreclosure prevention program.
MoreConstruction begins on $16M downtown apartment project
April 16, 2013
Scott OlsonThe property at 800 N. Capitol Ave. is receiving a total rehab from two local developers that are retrofitting the building
with 111 apartments.
MoreGrowth in area home sales hits March slowdown
April 12, 2013
The 1.2-percent improvement last month followed healthier jumps of 17.2 percent in January and 8.1 percent in February.
MoreArea homebuilding permits jump 10 percent
April 10, 2013
IBJ StaffSingle-family building permits filed in the nine-county Indianapolis area rose again in March, the ninth straight month of
year-over-year increases.
MoreExisting-home sales market surging 15 percent across Indiana
April 9, 2013
Associated PressThe housing market has spiked so much in some places that real estate agents are turning to Facebook and going door-to-door
looking for prospective sellers because of a shortage of houses for sale.
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Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.
Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.
I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.
The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!