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Residential Real Estate
Precedent joins ranks of battered developers
July 30, 2011
Cory SchoutenThe Precedent Cos.—the local developer of The Precedent Office Park, Mount Comfort Commercial Park and several upscale
residential communities in Hamilton and Johnson counties—is winding down operations in an out-of-court restructuring.
MoreSenior housing project replacing retail center
July 29, 2011
Cory SchoutenA run-down former retail plaza along Lafayette Road south of 30th Street will be torn down to make way for a senior housing
development.
MoreHousing agency buying its building for $2.1M
July 25, 2011
Scott OlsonThe City-County Council's Metropolitan Development Commission is set to hear a proposal Monday evening to allow IHA to purchase
its headquarters building at 1919 N. Meridian St.
MoreCity ready to take down 1,100 abandoned homes
July 18, 2011
Francesca JaroszWith the sale of its water and sewer utilities cleared by regulators, the city of Indianapolis is preparing to deploy $15
million to $25 million in funds from the deal into tearing down abandoned houses.
MoreDeveloper tries 'pocket' neighborhood in Carmel
July 16, 2011
Cory SchoutenA veteran local homebuilder is tearing up the suburban residential playbook with a new project in Carmel that offers tightly
spaced bungalows clustered around grassy courtyards.
MoreBush Stadium rehab is Watson's latest creative project
July 16, 2011
Katie MaurerLongtime Indianapolis developer launches spirited attempt to save baseball palace.
MoreHome sales pick up for second straight month
July 12, 2011
IBJ StaffSales agreements climbed to 1,967 last month, up from 1,694 in June 2010, according to a report released Tuesday by F.C. Tucker
Co.
MoreLocal homeowners trying to cash in on Super Bowl
July 11, 2011
Francesca JaroszThe approach of the 2012 Super Bowl has prompted some Indianapolis-area property owners to start looking for a chance to lease
their homes and condos for the big game.
MoreCarrier to invest $36.5M in local plant, create 276 jobs
July 6, 2011
Carrier Corp. has spent $32 million to upgrade equipment in Indianapolis and plans to invest another $36.5 million to start
a second production line, creating 276 jobs at the plant. The company is seeking a tax abatement to help offset the costs.
MoreLender's suit says homebuilder owes $12.8M on loans
July 5, 2011
Scott OlsonM&I Bank filed the suit against J. Greg Allen, charging he defaulted on two loans he took out to buy 73 acres of land on the
northeast corner of Emerson Avenue and County Line Road on Indianapolis' south side.
MoreLocal developer ready to start $18M project
July 1, 2011
Associated PressIndianapolis-based Buckingham Cos. is expected to start construction this summer on an $18 million, 146-unit apartment building
in downtown Columbus.
MoreQuail Run Apartments in Zionsville changes hands
June 29, 2011
Richmond, Va.-based McCann Realty Partners LLC bought the 166-unit complex with a $9.25 million loan. The sale marks the second
time Quail Run has changed ownership in the past two years.
MoreHousing agency breaking ground on $30M Lugar Tower project
June 29, 2011
The project includes renovations to the 15-story apartment building in downtown Indianapolis, as well as the construction
of two mixed-income buildings containing a total of 74 units at its base.
MoreOwner of several properties south of Mass Ave starts to divest
June 28, 2011
Tom HartonThe pending sale of two historic buildings and a vacant lot just south of Massachusetts Avenue is the first of what could
be several deals in the area as one of its largest property owners begins to divest its holdings.
MoreStartup takes on abandoned homes in Indianapolis
June 25, 2011
Francesca JaroszIndianapolis is in the early stages of expanding the practice of land banks, which allow government agencies and not-for-profits
to take over tax-foreclosed properties and put them back into productive use,. Land banks have shown positive results in states
such as Michigan and Ohio.
MoreCarmel home is not-your-average caddy shack
June 25, 2011
Katie MaurerMike and Sally Kerr can see directly to the past as they walk around their Southern plantation-style residence built completely
around the walls of Woodland Country Club's original club house.
MoreChambers quietly built Buckingham into real estate colossus
June 25, 2011
Cory SchoutenThe North of South mixed-use project in downtown Indianapolis is just the latest development for Brad Chambers, who started
out in the landscaping business.
More16 Park project helping to transform Indianapolis neighborhood
June 25, 2011
Scott OlsonThe first building of a new complex on near-north side is set to be completed in August
MoreMARR: Farewell to a long list of great colleagues and mentors
June 25, 2011
Danny Marr / Special to IBJSix people were key mentors and associates during real estate career in Indianapolis.
MoreHome builders close after alleged embezzlement scheme
June 23, 2011
Cory SchoutenTwo prominent area home builders have ceased operations after owner J. Greg Allen filed suit against two longtime executives,
alleging they've been stealing from the companies for years.
More$100M 'Bridges' project in Carmel wins approval
June 21, 2011
Cory SchoutenA proposal for a roughly $100 million mix of retail, office and apartments along Springmill Road south of 116th Street was
OK'd Monday night by the Carmel City Council after numerous concessions.
MoreDeveloper puts Cosmopolitan complex on block
June 20, 2011
Cory SchoutenThe Cosmopolitan on the Canal, a 218-unit upscale apartment complex in downtown Indianapolis that cost more than $33 million
to build, has been put on the market by Flaherty & Collins Properties.
MoreBids opened for Keystone Towers demolition
June 18, 2011
IBJ StaffQuotes came in way below city's $2 million budget.
MoreLender purchases Renaissance Bay in sheriff’s sale
June 16, 2011
Scott OlsonFort Wayne-based Star Financial Bank, which is trying to recover some of the more than $23 million it loaned for the condominium
project, submitted the only bid for it on Wednesday. The bank said several potential buyers are interested in the property.
MoreCentral Indiana home sales rise for first time in a year
June 15, 2011
Scott OlsonSales in the Indianapolis area rose 32 percent last month compared with the same time a year ago, reversing a year-long slump
in the residential market. But May 2010 home sales were down dramatically after the expiration of a special federal tax credit.
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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!