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Residential Real Estate
Estridge becomes division of national home builder
April 26, 2011
Scott OlsonThe Estridge Group, which had operated in the Indianapolis area since 1967, has become part of Houston-based David Weekley
Homes. Estridge had struggled in recent months to stay afloat during the severe housing downturn.
MoreBill would shift tax appeals in property owners' favor
April 20, 2011
Francesca JaroszA bill expected to be heard Wednesday in the Indiana House would give property owners appealing the assessed value of their
homes or buildings more clout in the fight.
MoreLocal home-building activity still slumping
April 19, 2011
IBJ Staff and Associated PressHome-building permits filed in the Indianapolis area sank by more than 20 percent in March compared with the same month last
year. Still, signs show home construction both locally and nationally may be picking up.
MoreIndianapolis-area home sales continue to slump
April 14, 2011
Sale agreements in the nine-county Indianapolis area fell 20 percent in March compared to the same month of 2010. Local home
sales have been in a downward spiral for nearly a year.
MoreForeclosure filings fall in state, nation
April 14, 2011
IBJ Staff and Bloomberg NewsForeclosure filings in Indiana dropped 36 percent in the first quarter from the year-ago period, and 27 percent nationally.
An industry report, however, attributes the decline to paperwork delays related to a documentation scandal.
MorePortrait Homes parent files for bankruptcy
April 11, 2011
Kathleen McLaughlinChicago-based Pasquinelli Homebuilding is seeking bankruptcy liquidation for all its business entities, including Portrait
Homes Indiana, which built hundreds of homes in the Indianapolis area.
MoreResidential developer declares bankruptcy
April 6, 2011
Scott OlsonJohn Swinehart, a former executive of Bruce Gunstra Builders Inc. who was involved in the Monon on Main project in Carmel,
is seeking Chapter 7 bankruptcy protection. He lists liabilities of $8.3 million.
MoreCondo sales lag in hot downtown apartment market
April 5, 2011
Cory SchoutenNew apartment projects carrying premium rents are popping up all over downtown, but the strong demand for urban living isn't
providing much of a boost for the condo market.
MoreMeridian Street buildings to get facelift
April 2, 2011
IBJ StaffA not-for-profit is partnering with a locally based developer to renovate two vacant apartment buildings near Meridian and
38th streets into specialized affordable housing.
MoreCity sells North of South bonds, locks in 5.2-percent rate
April 2, 2011
The city of Indianapolis went to the bond market last month to sell $97 million in debt for the $155 million North of South
hotel and retail project near the Eli Lilly and Co. campus.
MoreHigh-rise living in midtown Indianapolis
March 26, 2011
Katie MaurerAuthor Lorene Burkhart remains grounded despite her penthouse surroundings
MoreHousing group gets $6.3 million from Lilly Endowment
March 21, 2011
Sean MorrisonLilly Endowment Inc. is continuing its decades-long support of the Indianapolis Neighborhood Housing Partnership, awarding
the not-for-profit a $6.3 million grant to help low- and middle-income families become homeowners.
MoreHome builder Estridge promises to finish homes, fight on
March 19, 2011
Anthony SchoettlePaul Estridge Jr. says he’s in talks with three investors who are interested in keeping his company in business.
MoreEstridge: We need cash to survive
March 17, 2011
Anthony SchoettlePaul Estridge Jr. says potential investors have inquired about helping his homebuilding company. Without millions in capital
and a line of credit, the business could close within a week.
MoreLocal home construction plummets again
March 16, 2011
IBJ Staff and Associated PressHome-building permits filed in the Indianapolis area fell by more than 40 percent in February compared with the same month
last year. Nationally, builders broke ground last month on the fewest homes in nearly two years.
MoreAnother northwest-side apartment complex faces foreclosure
March 16, 2011
Lender Fannie Mae filed to foreclose on Inverness Apartment Homes, whose Vancouver-based owner allegedly owes $4 million on
a note that was due in February.
MoreEstridge again seeking investors to avoid closing
March 15, 2011
Scott OlsonThe Carmel-based homebuilder said Tuesday that it will shut down if outside investors or a line of credit aren't obtained
soon. The company previously received a cash infusion last June from a group of subcontractors.
MoreLocal home sales continue downward slide
March 11, 2011
Home-sale agreements in the nine-county Indianapolis area fell 16.7 percent in February compared to the same month in 2010,
marking 10 straight months of declining sales.
MoreNorthwest-side apartment complex faces foreclosure
March 2, 2011
Kathleen McLaughlinFannie Mae filed a lawsuit in Marion Superior Court Tuesday, seeking foreclosure and the appointment of a receiver at Arrowwoods
Apartments over an unpaid note of $4.56 million.
MoreBuilders offer new twist on move-up incentive
March 2, 2011
Kathleen McLaughlinInstead of offering to help would-be buyers of new houses sell their old homes, Marketplace is offering to become a rental
property manager for as long as six years.
MoreKey House Republican praises Obama housing plan
March 1, 2011
Associated PressThe Obama administration's plan to gradually dissolve ailing housing giants Fannie Mae and Freddie Mac and to shrink the
government's role in the mortgage market drew praise from House Republicans on Tuesday.
MoreNorth of South development to start this summer
March 1, 2011
Tom HartonNow that financing for Buckingham Cos.’ massive project has the city’s blessing, the local developer is turning
its full attention to construction of the 14-acre, mixed-use complex.
MoreLEADING QUESTIONS: Real estate maven keeps swinging
February 24, 2011
Mason King
How does the owner of F.C. Tucker Co. rally the troops during the home-sales slump? How did his tour in Vietnam reset
his course? Why is his desk always so clean? Talk to Jim Litten; he has answers.
Indiana home sales and prices rise in January
February 22, 2011
IBJ Staff, Associated PressThe median sale price of homes across the state rose to $100,000 during January, up 5 percent when compared to the same month
last year.
MoreComplaints spark IURC to limit telecom’s service territory
February 17, 2011
Scott OlsonE.Com Technologies LLC, which serves the large Centennial subdivision in Westfield, cannot expand its service territory without
the state agency's permission. Charges of anti-competitive behavior led to the decision.
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So the Mayor adds another non value added layer to having a vehicle towed? Whereby the City Government RECIEVES AN ILLEGAL KICKBACK FROM A LGOISTICS COMPANY THAT SUBS THE WORK TO LOCAL TOW COMPANIES? What is the service the City performs for receiving the "tribute"? This is RICO!!!!! What a corrupt and unnecessary layer. What a dirtbag Mayor and his cronies.
Owner occupied housing. Clear enough?
So people think I am paranoid. It's from experience in dealing with puds requested by developers who make major donations themselves to representatives, have nice fund raisers for those running for office and hide through pac's. then there are the public relation firms. You will note some pr comments below. You there Clyde Lee? My opinion. Commercial along 421, great. Multifamily housing, terrible idea that will change the town. Senior condos or zero lot line homes west, great. I suggest keeping all entries to commercial areas at 421. All entries to owner occupied on sycamore. Will keep the traffic on sycamore down some. Two other things. You can't trust what will be there in 10 years. Steve builds quality stuff, but areas change over time. Look at the changes at the wall mart center at 86th and 421 over the last 10 years. Look at the apartments and neighborhoods behind St Vincent's. Raintree properties WILL decrease in value if commercial and multifamily goes in near. It has already been happening around the bridges area. The houses that have been sold recently are way below market. Several deals not closed due to the Illinois construction and the whole unsurety of the bridges. It's pretty simple, Zionsville will approve the whole thing because the city council has been groomed over a LONG period of time for this. I might even suggest some are in their position as a result of this.
Esta, do you have a dog in this fight? You seem to really want to knock anyone against this project. No, I didn't move to Indiana for the architecture. I moved here for that red barn in the field. The horses and fields of corn. A place that is NOT overdeveloped. There are plenty of nearby places in Indianapolis that could be REDEVELOPED instead.
RKW - OK, we get it, you're paranoid. The question is, are you paranoid enough? Greg - Yes, Pittman(s) is (are) at it again. They are developers, they build things. It's what they do. So when you go to work tomorrow, Greg, you're at it again too. Cliff - Really? You moved to Indiana for its progressive architecture? That's like moving to England for the cuisine. Zionsvillain - The house you moved to was once a field or woods. I'm willing to bet folks were upset when that ground was plowed under and a house was built. But I guess now that you are in, everything should stop? "My house was OK, but the next one is sprawl." SE Guy - Please don't paint us with such a wide brush. Most reasonable Zionsville residents welcome planned, measured development.