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Residential Real Estate
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.
MoreHome construction weak both locally, nationally
February 16, 2011
IBJ Staff and Associated PressHome building in the Indianapolis area fell by more than 30 percent n January over the same month of 2010.
MoreWhitsett proposes 86-unit downtown apartment project
February 15, 2011
Tom HartonThe $7.2 million project, to be financed with affordable-housing tax credits, involves retrofitting the three-story former
Central Restaurant Products building to accommodate one- and two-bedroom apartments.
MoreGlick partners on $30M downtown apartment development
February 14, 2011
Cory SchoutenThe lead developer on a long-delayed proposal to redevelop the former Bank One Operations Center has landed a powerhouse partner:
apartment developer Gene B. Glick Co.
MoreTroubled DiRimini real estate development facing foreclosure
February 12, 2011
IBJ StaffThe 31-unit apartment project at the southeast corner of Capitol Avenue and St. Clair Street has been in limbo since city
officials found numerous building code violations.
MoreCity agency signs off on North of South site plans
February 10, 2011
Scott OlsonRegional Center Hearing Examiner gives blessing to the $155 million development's master plan. Site plans will go before the
Metropolitan Development Commission on March 2.
MoreLocal home sales fall again
February 10, 2011
IBJ StaffHome-sale agreements in the nine-county central Indiana region fell 12.2 percent in January compared to the same month in
2010, the ninth straight month in which year-over-year sales slumped locally.
MoreCouncil to vote on funding for North of South project
February 7, 2011
The City-County Council will consider Monday evening whether to allow the city to issue $98 million in bonds to finance a
portion of the controversial $155 million development.
MoreBrenwick turns over commercial sales, leasing at Village of West Clay
January 25, 2011
Tom HartonAmbrose Property Group, a commercial leasing and development company headed by former Duke Realty Corp. broker Aasif Bade,
took over for Brenwick, which is primarily a residential developer, at the beginning of the year.
MoreZionsville retirement village plans $32 million expansion
January 24, 2011
IBJ StaffHoosier Village Retirement Center in Zionsville announced plans Monday morning for a $32 million project that will expand
its campus and allow the center to add 50 full-time workers.
MoreHome building suffers another bad year, locally and nationally
January 19, 2011
IBJ Staff and Associated PressBuilding permits filed for new homes in the nine-county Indianapolis area rose just 2.6 percent in 2010, to 3,720. That’s
just 95 more homes than in 2009—the worst year for local home construction in more than a quarter century.
MoreMass Ave property owner gets foothold on Virginia Avenue
January 18, 2011
Tom HartonA downtown advocate who renovated and repopulated a commercial building on what was once a desolate stretch of Massachusetts
Avenue hopes to do the same on Virginia Avenue, where he just closed on the purchase of three contiguous commercial buildings
totaling 15,000 square feet.
MoreArea home-sales slump continues in December
January 12, 2011
Scott OlsonHome-sale agreements last month dropped 15.4 percent compared to December 2009, capping a year in which sales overall dropped
10.9 percent from the previous year.
MoreTrail Side funding finally closes
January 11, 2011
Tom HartonFinancing for construction of a $10 million, mixed-use building at 875 Massachusetts Ave. closed Dec. 22, allowing developers
to proceed with the project after a funding snag nearly killed it.
MoreLawmaker wants homeowners to pay for pond safety
January 9, 2011
Associated PressAn Indiana lawmaker worried about the dangers posed by retention ponds wants nearby homeowners to foot the bill of erecting
safety barriers such as guardrails.
MoreReport: Local apartment market strong in 2010
January 6, 2011
Scott OlsonOccupancy in the Indianapolis metro area grew last year to 90.8 percent, according to the latest annual market report compiled
by apartment brokerage Tikijian Associates. The downtown market, in particular, boasted strong numbers.
MoreReal estate startup hopes to raise millions in stock offering
December 30, 2010
Cory SchoutenA group of local entrepreneurs has filed plans with with the SEC to raise as much as $306 million to buy real estate assets
in a so-called "blind pool" stock offering.
MoreGlick partnership buys Maxwell apartment building
December 21, 2010
Scott OlsonGene B. Glick Co. and Milhaus Development LLC have purchased The Maxwell from Star Financial Bank. Located at 530 E. Ohio
St., the project originally was developed as condos by Kosene & Kosene.
MorePrudential Indiana adds two Coldwell Banker offices
December 20, 2010
Scott OlsonBringing Carmel and Avon offices under the Prudential brand should help the agency increase its presence in the metropolitan
area, particularly on the west side.
MoreU.S. home construction up after two months of declines
December 16, 2010
IBJ Staff and Associated PressLocally, building permits were up 17 percent in the nine-county area, from 222 in November 2009 to 259 in November 2010.
MoreArea home sales continue downward spiral
December 13, 2010
IBJ StaffHome-sale agreements in the nine-county central Indiana region dropped 17.5 percent in November compared to the same month
a year ago, the seventh straight month that year-over-year home sales have slumped.
More$7.5M Fletcher Arts project gets back on track
December 11, 2010
IBJ StaffDeveloper and architect Craig Von Deylen is finalizing plans for a mixed-use project just west of the intersection of Virginia
Avenue and East McCarty Street.
MoreCosmopolitan apartment fire prompts lawsuit
December 8, 2010
Scott OlsonThe insurer for Indiana Landmarks is suing developer Flaherty & Collins, claiming negligence in a blaze that partially destroyed
the apartment project and damaged the not-for-profit's adjacent headquarters.
MoreKeystone plans mixed-use project on Madison Avenue
November 23, 2010
Cory SchoutenA local developer is planning a $2 million mixed-use project for a vacant parcel along Madison Avenue just south of downtown.
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Laura-the festivals and tastings are free. What does is strengthen the sense of community with activities. What are those empty lots doing for the Village? it's sad you can't see the good that this progress can do for the area. No one is requiring anyone to shop there. I guess you'd rather see a Dollar store move in or no, we'd rather see the property stand empty b/c change is out of the question.
Read down to the part about Brizzi. Someone needs to subpoena his "purchases" of Red RockPictures and Cellstar and his corresponding bank records, I mean c'mon, I'd like to see his alcohol usage records, too. http://diana-vice.blogspot.com/2011_01_01_archive.html
Wonder if my neighborhood can advertise our "retention" pond and act like it is a beach too?
a new record at the '11 salebration until they realized that it was a futile effort to get their crapwagon moter and crapwagon car up speed. And then they just quietly slunk off into the night and never spoke of it again. Nothing to see here folks.
millions for putting a company's bumper sticker on one of its Lolas. But you gotta take what you can get.