Residential Real Estate

Developer rolls out $40M plan for Keystone siteRestricted Content

August 27, 2011
Cory Schouten
A local developer has acquired the northwest corner of 86th Street and Keystone Avenue and is working on plans for a $40 million apartment and retail project.
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Forsells find hidden gemRestricted Content

August 27, 2011
Katie Maurer
Busy high-profile couple enjoys their ‘haven’ in the Watson-McCord area.
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Ward, Kucic take top All-Star Agent spotsRestricted Content

August 27, 2011
For the third year in a row, Bif Ward has taken the top spot on IBJ’s annual list of All-Star Agents.
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SHEATS: Kitchen, bath remodels add value, appealRestricted Content

August 27, 2011
Jeff Sheats
If done wisely, a well-designed kitchen and bathroom not only add value, but they also make life more convenient.
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Zionsville man charged with wire fraud, money laundering

August 26, 2011
Brian Eads faces a maximum of 30 years in prison by engaging in transactions of more than $10,000 with criminally derived proceeds from properties bought at sheriff's sales.
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Home-sale deals tick up in Indianapolis area

August 11, 2011
 IBJ Staff
Home-sale agreements in the nine-county Indianapolis area rose 3.6 percent in July from the same month a year earlier, marking the third straight month of year-over-year increases after 14 months of declining sales.
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Home construction permits dip in July

August 11, 2011
The number of permits filed last month in the Indianapolis metropolitan area declined to 305, a decrease of 4 percent from the same month in 2010, according to the Builders Association of Greater Indianapolis.
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North of South gets a new name: CityWay

August 3, 2011
Cory Schouten
The $156 million mixed-use development at Delaware and South streets in Indianapolis has a new name designed to reference both the project's downtown locale and the urban "way of life" it will offer.
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Not-for-profit building affordable housing in Brownsburg

August 2, 2011
 IBJ Staff
Sycamore Services Inc., which serves people with disabilities, has closed on $8 million in financing to build a 72-unit apartment community in Brownsburg.
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Precedent joins ranks of battered developersRestricted Content

July 30, 2011
Cory Schouten
The 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.
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Senior housing project replacing retail center

July 29, 2011
Cory Schouten
A run-down former retail plaza along Lafayette Road south of 30th Street will be torn down to make way for a senior housing development.
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Housing agency buying its building for $2.1M

July 25, 2011
Scott Olson
The 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.
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City ready to take down 1,100 abandoned homes

July 18, 2011
Francesca Jarosz
With 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.
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Developer tries 'pocket' neighborhood in CarmelRestricted Content

July 16, 2011
Cory Schouten
A 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.
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Bush Stadium rehab is Watson's latest creative projectRestricted Content

July 16, 2011
Katie Maurer
Longtime Indianapolis developer launches spirited attempt to save baseball palace.
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Home sales pick up for second straight month

July 12, 2011
 IBJ Staff
Sales 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.
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Local homeowners trying to cash in on Super Bowl

July 11, 2011
Francesca Jarosz
The 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.
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Carrier 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.
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Lender's suit says homebuilder owes $12.8M on loans

July 5, 2011
Scott Olson
M&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.
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Local developer ready to start $18M project

July 1, 2011
Associated Press
Indianapolis-based Buckingham Cos. is expected to start construction this summer on an $18 million, 146-unit apartment building in downtown Columbus.
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Quail 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.
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Housing 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.
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Owner of several properties south of Mass Ave starts to divest

June 28, 2011
Tom Harton
The 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.
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Startup takes on abandoned homes in IndianapolisRestricted Content

June 25, 2011
Francesca Jarosz
Indianapolis 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.
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Carmel home is not-your-average caddy shackRestricted Content

June 25, 2011
Katie Maurer
Mike 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.
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