Residential Real Estate

Multi-family housing project slated for Monon Trail

September 20, 2011
Scott Olson
King Park Area Development Corp. is partnering with an Indianapolis developer on an $8.7 million residential project to improve a blighted parcel along the trail.
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Dillinger relative considers moving gangster's home

September 20, 2011
Associated Press
A great nephew says he's talking with people in Greencastle and two out-of-state locations about sites for his collection of Dillinger items and possibly the farmhouse that is now in Dillinger's hometown of Mooresville.
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Mortgage-default filings surge in Indiana, nation

September 15, 2011
Bloomberg News
Default notices sent to delinquent U.S. homeowners surged 33 percent in August from the previous month, a sign that lenders are speeding up the foreclosure process. Indiana saw an increase of 46 percent, a bigger rise than every state except California.
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Area home-construction permits rise in August

September 15, 2011
Home-construction permits in the Indianapolis metropolitan area climbed 23 percent in August thanks to a surge of activity in suburban counties.
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Owner of East Market Street buildings eyes apartment conversion

September 13, 2011
Tom Harton
Crown Property Group is issuing a request for proposals for two East Market Street buildings that now are used for office space.
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Home-sale agreements rise in Indianapolis area

September 12, 2011
Pending home sales in the nine-county metropolitan area climbed 7 percent in August compared with the same month a year ago, marking the fourth straight month of year-over-year increases.
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Critics: Wrecking ball won't fix Indianapolis neighborhoodsRestricted Content

September 10, 2011
Francesca Jarosz
Many neighborhood leaders have hailed Mayor Greg Ballard’s initiative to raze some 2,000 abandoned homes by the end of 2012 as a long-overdue means of tackling urban blight. But some residents and experts fear rampant demolition—without a clear plan for how to redevelop the properties—will fail to improve neighborhoods.
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Former real estate exec to plead guilty to wire fraud

September 6, 2011
Scott Olson
Kim Hutchinson, former treasurer of J. Greg Allen Builders and Princeton Homes, agreed to plead guilty to stealing $446,419. Her cooperation likely will result in a lighter sentence of 30 to 40 months.
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Johnson County still dealing with 2008 flood

September 6, 2011
Associated Press
Johnson County officials have been working to buy about 40 flooded properties in an area a few miles west of Greenwood, so they can be demolished.
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Hot apartment market sees robust sales

September 6, 2011
Tom Harton
Gene B. Glick Co.’s purchase of the 240-unit Thompson Village apartment complex on the south side is the most recent deal in a year full of apartment transactions.
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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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