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Residential Real Estate
Financial upheaval produced war stories galore
July 24, 2010
Norm HeikensThe foreclosure epidemic has left a wake of carnage in the Indianapolis area.
MoreLocal investors make big bet on senior housing
July 24, 2010
J.K. WallWith the first baby boomers set to turn 65 in six months, investments in senior housing are heating up. A group of Indianapolis-area
professionals—including Mark Waterfill (left) and Tony Schantz—have banded together to launch three senior housing
projects around the state, spending $49 million and looking
to do more.
MoreDeadline approaches for Richelieu offers
July 20, 2010
Tom HartonJohn Jacobs and a Cleveland-based partner have put a Friday deadline on offers for the 62-unit Richelieu apartments, a two-building
property at the intersection of North and East streets and Mass Ave.
MoreHilbert mansion to be auctioned
July 14, 2010
Kathleen McLaughlinCNO Financial Group Inc. will resort to a sealed-bid auction to unload the lavish Hilbert mansion in Carmel, which has been
on the market for five years. Its latest asking price was $9.9 million.
MoreRuth Lilly's Crows Nest estate listed at $2.9 million
July 13, 2010
The late philanthropist's gated property at 555 Kessler Blvd. in Crows Nest includes a 7,726-square-foot home with indoor
pool, a guest house of
about 2,000 square feet and formal gardens.
MoreIndianapolis-area homes sales decline 10 percent
July 12, 2010
IBJ StaffHowever, average home-sale prices for the area sprouted 7 percent from the same month a year earlier, to more than $159,000.
MoreVan Rooy sweeps national maintenance 'Olympics'
July 10, 2010
IBJ StaffThree of the local firm's employees beat 3,000 contestants nationwide at a competition in New Orleans.
MoreCity receives $4.9 million for homeless initiatives
July 9, 2010
Federal funds will help provide 69 additional beds in three Indianapolis locations, including a large apartment
complex on the east side.
MoreWestfield's proposed Symphony development under review
July 8, 2010
IBJ Staff and Associated PressThe Westfield planning commission has asked city employees to further review the 1,400-acre mixed-use project that could include
thousands of homes, shops, a YMCA and a baseball stadium.
MoreDelta Faucet adaps to new normal in homebuilding
July 3, 2010
Kathleen McLaughlinThe company's total employment is 1,345, down 43 percent from 2007.
MoreTrustee asks for Hansen & Horn bankruptcy to be dismissed
June 28, 2010
Scott OlsonBeleaguered home builder doesn't appear to have funds available to pay an attorney to prepare
necessary paperwork for Chapter 7 liquidation, trustee says in court filing.
MoreSubcontractors come to Estridge's aid with $10M investment
June 26, 2010
Scott OlsonEstridge Cos.' subcontractors have invested $10 million into the firm led by COO Matt Cohoat and CEO Paul Estridge Jr.—an
infusion that paves the way for them to proceed with
a massive development in Westfield.
MoreA slow time for fixer-uppers
June 26, 2010
Katie MaurerLocally, the long-running FLIP program, or Fund for Landmark Indianapolis Properties, has seen a marked downturn in the
resale of historic buildings.
MoreWall treatments can make a big impact for small price
June 26, 2010
Interesting wall treatments can turn an ordinary room into an extraordinary room.
MorePotterhill Homes enters Indianapolis market
June 26, 2010
Scott OlsonA Cincinnati-based homebuilder’s expansion into Indianapolis marks the second time in six months a builder from the
Queen City has carved out space in the metropolitan area.
MoreRUBENSTEIN: New law may put limits on residential seller financing
June 26, 2010
Clifford RubensteinA new federal law intended to enhance consumer protection and reduce fraud in the residential loan market may put the kibosh
on seller financing of residential properties. This has huge implications for owners of rental housing.
MoreGreenwood mobile home park sold to Illinois firm
June 24, 2010
Indy Mobile purchases 527-lot Friendly Village through a court-appointed receiver.
MoreFort Ben home, condos fail to sell at auction
June 24, 2010
Cory SchoutenAuction turns up no buyers for the former home of the commanding general at Fort Benjamin Harrison and four condominiums at
the old Army base.
MoreNational new-home sales plunged to record low in May
June 23, 2010
Bloomberg NewsPurchases of new homes in the United States fell in May to a record low as a federal tax credit expired, showing the market
remains
dependent on government support.
MoreStudy of local mortgage defaults shows benefit of counseling
June 22, 2010
Peter SchnitzlerA study by the Federal Reserve Bank of Chicago finds a strong correlation between pre-mortgage credit counseling and loan
performance after
comparing Indianapolis Neighborhood Housing Partnership clients with other low-income Marion County borrowers.
MorePNC foreclosing on Janus Lofts building
June 22, 2010
Cory SchoutenPittsburgh-based PNC Bank has filed to foreclose on the historic five-story Janus Lofts building at 240 S. Meridian St.
MoreWestfield residents to hear plans for $1B development
June 21, 2010
Scott OlsonThe Estridge Cos., a Carmel-based home builder, will present details of the massive project—mixing condos, apartments
and retail with a $15 million stadium—at a public hearing
Monday evening.
MoreDurham's Geist mansion listed for $5.5 million
June 19, 2010
IBJ StaffBeleaguered local businessman Tim Durham's Geist home is listed for sale with a $5.5 million asking price.
MoreResidential building activity levels off after surge
June 18, 2010
Scott OlsonThe number of building permits filed in the nine-county metropolitan area has been flat the past two months following a flurry
of activity leading up to the expiration of federal home-buying tax credits.
MoreDeveloper facing legal action everywhere it has built condos
June 12, 2010
Cory SchoutenThree of the four principals in Page Development were in court June 8 to sift through the fallout from a $1.35 million judgment
against them. It's only the tip of Page Development's financial straits.
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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!