Residential Real Estate

National, state foreclosure starts on the rise

August 9, 2012
Bloomberg News, Associated Press
The number of homes that received an initial notice of default — the first step in the foreclosure process — increased 6 percent in July compared to the same month last year. Foreclosure starts rose 83 percent in Indiana.
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CityWay sells out first phase of apartments

July 26, 2012
Cory Schouten
Developer Buckingham Cos. has taken deposits for all 100 apartments in the first phase of its $155 million CityWay project at Delaware and South streets in downtown Indianapolis.
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Large Broad Ripple apartment complex slated for $10M renovationRestricted Content

July 21, 2012
New owner of property bought out of foreclosure seeks city revenue bonds, state low-income housing tax credits.
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Area home-sale agreements show June increase

July 16, 2012
 IBJ Staff
Home-sale agreements in the nine-county Indianapolis area were up nearly 5 percent in June compared to a year ago, the F.C. Tucker Co. announced Monday afternoon. Year-to-date sales contracts through the first six months are up 13.4 percent.
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Area sees June dip in residential building permits

July 16, 2012
Home builders filed fewer building permits in the nine-county Indianapolis area last month, but filings are still up through the first six months of 2012.
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Developers prefer low-rise apartments in downtown IndianapolisRestricted Content

July 14, 2012
Scott Olson
Building codes add more expense to high-rise projects.
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Firm pitching Super Bowl rentals in Indy ordered to pay up

July 12, 2012
Associated Press
An Indianapolis judge has ordered a Phoenix-based home rental company to pay nearly $218,000 for not providing promised services before the Super Bowl last February.
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More U.S., Indiana homes facing foreclosure risk

July 12, 2012
Associated Press
More than 1 million properties experienced foreclosure filings in the first half of 2012. Twenty states saw a first-half rise in foreclosure activity from the same time a year ago. Indiana had the biggest rise on a percentage basis, with a 32-percent increase in foreclosure activity.
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City launches extensive rezoning initiative

July 10, 2012
Tom Harton
The nearly $2 million effort, named Indy Rezone, is being steered by city planners, private developers, elected officials, architects, community activists and others.
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Board's ruling puts Fall Creek home sites back on marketRestricted Content

July 7, 2012
Cory Schouten
Buyers have quickly snapped up two home sites and the city might sell seven more on a stretch of Broadway Street where The Oaks Academy had hoped to build a soccer field.
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Building relationships pays off for contractor GrayRestricted Content

July 7, 2012
Andrea Muirragui Davis
Steve Gray Renovations grew during the remodeling industry’s worst downturn in more than two decades.
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Residents allege poor construction at another Kosene condo project

June 25, 2012
Cory Schouten
The homeowners association at the Packard condominiums plans to file a lawsuit this week against developer Kosene & Kosene Residential and other companies, alleging the 62-unit downtown building was "improperly constructed and is deteriorating."
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Indianapolis house is retreat and headquarters for designer, sculptor

June 23, 2012
Katie Maurer
It was on a long-ago trip to Hawaii that the couple decided to bring a little bit of vacation into their everyday lives, launching a design and construction process that would result in their dream home.
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Area real estate agents retool to stay relevant

June 23, 2012
Cory Schouten
With information booming online, agents are offering more services.
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DIRECTORY: Home Builders Directory

June 23, 2012
 IBJ StaffMore

History on the block

June 23, 2012
 IBJ Staff
This example of Jacobethan Revival architectural style, the Glossbrenner Mansion at 3202 N. Meridian St., is about to be listed for sale.
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Ryland purchases 504 local lots from home builder

June 21, 2012
California-based Ryland Group Inc., the Indianapolis area's third-largest home builder, said it bought the Indianapolis-area lots from Westport Homes.
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Whitsett's Lockerbie project will be market rate

June 19, 2012
Tom Harton
Whitsett was counting on selling state-issued affordable housing tax credits to finance the $27 million project, but it wasn’t among the projects awarded credits.
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16 Park developer to rebuild after 'heartbreaking' fire

June 18, 2012
Scott Olson
The Friday blaze engulfed a four-story, 28-unit apartment building due to open this fall as part of the $34 million 16 Park project. The Indianapolis Housing Agency says construction will resume as soon as possible.
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Cause, origin of apartment building fire undetermined

June 16, 2012
 IBJ Staff and Associated Press
The fire destroyed part of 16 Park, a $34 million affordable housing development that's intended to help spur a revival of the 16th Street corridor.
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Illinois Place apartments planned for former Winona site

June 13, 2012
Scott Olson
The $6.5 million project, led by the Children's Museum of Indianapolis, will include 50 apartment units, 22,000 square feet of commercial space and a 2-acre park. Construction could start by the end of the year.
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Central Indiana housing market enjoys strong May

June 12, 2012
Scott Olson
In May, pending sales of existing homes in the Indianapolis area increased 7 percent from the same month last year while building permits for new construction rose 20 percent.
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Area sees May surge in residential building permits

June 11, 2012
 IBJ Staff
New-home construction in the Indianapolis area rebounded last month from a poor April to post a big year-over-year increase.
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Bank seeks to foreclose on local apartment complex

June 4, 2012
The owners of Arbor Green Apartments on the city's northeast side owe nearly $15.9 million on a 2008 loan, according to court documents.
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Buckingham reviving Gramercy project with smaller plans

May 29, 2012
Kathleen McLaughlin
Buckingham Cos. has revived plans to redevelop the massive Mohawk Hills apartment complex in Carmel, but the latest version of its Gramercy project takes a huge step back from the original dense, urban-revival-style plan the developer proposed six years ago.
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  1. So much for Eric Holder's conversation about race. If white people have got something to say, they get sued over it. Bottom line: white people have un-freer speech than others as a consequence of the misnamed "Civil rights laws."

  2. I agree, having seen three shows, that I was less than wowed. Disappointing!!

  3. Start drilling, start fracking, and start using our own energy. Other states have enriched their citizens and nearly elminated unemployment by using these resources that are on private land. If you are against the 'low prices' of discount stores, the best way to allow shoppers more choice is to empower them with better earnings. NOT through manipulated gov mandated min wage hikes, but better jobs and higher competitive pay. This would be direct result of using our own energy resources, yet Obama knows that Americans who arent dependent of gov welfare are much less likely to vote Dem, so he looks for ways to ensure America's decline and keep its citizens dependent of gov.

  4. Say It Loud, I'm Black and Ashamed: It's too bad that with certain "black" entertainment events, it seems violence and thuggery follows and the collateral damage that it leaves behinds continues to be a strain on the city in terms of people getting hurt, killed or becoming victims of crimes and/or stretching city resources. I remember shopping in the Meadows area years ago until violence and crime ended make most of the business pack you and leave as did with Lafayette Square and Washington Square. Over the past 10 to 12 years, I remember going to the Indiana Black Expo Soul Picnic in Washington Park. Violence, gang fights and homicides ended that. My great grandmother still bears the scares on her leg from when she was trampled by a group of thugs running from gun fire from a rival gang. With hundreds of police offices downtown still multiple shootings, people getting shot downtown during Black Expo. A number of people getting shots or murdered at black clubs around the city like Club Six on the west side, The Industry downtown, Jamal Tinsley's shot out in front of the Conrad, multiple fights and shootings at the skating rinks, shootings at Circle Center Mall and shooting and robberies and car jackings at Lafayette Mall. Shootings and gang violence and the State Fair. I can go on and on and on. Now Broad Ripple. (Shaking head side to side) Say It Loud, I'm Black and I'm Ashamed.

  5. Ballard Administration. Too funny. This is the least fiscally responsive administration I have ever seen. One thing this article failed to mention, is that the Hoosier State line delivers rail cars to the Amtrak Beech Grove maintenance facility for refurbishment. That's an economic development issue. And the jobs there are high-paying. That alone is worth the City's investment.

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