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Residential Real Estate
Housing meltdown claims at least one homebuilder
December 26, 2009
Scott OlsonTwo more local homebuilders fell victim in 2009 to the prolonged meltdown of the housing market. Carmel-based
C.P. Morgan Communities LP closed in February, and Indianapolis-based Hansen & Horn Group Inc. is teetering on the edge
of bankruptcy.
MoreAIMCO rethinks sale of four apartment complexes
December 22, 2009
Tom HartonA Denver-based company that just sold its largest Indianapolis apartment complex has taken its four remaining local properties
off the market.
MoreGiant Heartland Crossing housing development hangs on
December 19, 2009
Kathleen McLaughlinShort sales and foreclosures in this 2,200-unit development began cropping up several years ago and continue today.
MoreLocal home builder placed in receivership
December 14, 2009
Scott OlsonA receiver appointed to manage the assets of financially troubled Hansen & Horn Group Inc. will recommend whether the Indianapolis-based
home builder should remain in business.
MoreArea home sales tick up
December 9, 2009
Scott OlsonHome-sale agreements in the nine-county Indianapolis area rose 3.3 percent in November, marking the third consecutive month
they've showed a year-over-year increase.
MoreKosene becoming full-service residential brokerage
December 8, 2009
Tom HartonKosene & Kosene is launching a full-service residential real estate brokerage, in part to counter a tough development
market.
MoreAsking price for Hilbert estate drops below $10M
December 7, 2009
Andrea Muirragui DavisAfter more than four years on the market, the Carmel estate built for Conseco Inc. founder Stephen Hilbert is listed at
$9.9 million—less than half of the original asking price and a third of the $30
million it was estimated to be worth in 2001.
MoreHansen & Horn insolvent, receivership next step for builder
December 3, 2009
Scott OlsonThe president of Hansen & Horn Group Inc. admitted in court Thursday that the troubled home builder is insolvent and agreed
to have a receiver appointed to operate the company.
MoreAttorneys drop troubled home builder Hansen & Horn
December 2, 2009
Scott OlsonIndianapolis-based Hansen & Horn Group Inc. is without legal representation after attorneys defending the troubled
home builder from a slew of lawsuits dropped it as a client.
MoreNeighborhood revitalization group calling it quits
November 24, 2009
IBJ StaffBOS Community Development Corp., created in 1982 to revitalize the Indiana Avenue and Midtown area, says its mission is accomplished.
MoreTroubled homebuilder's funds frozen after failing to pay judgment
November 24, 2009
Scott OlsonA Marion County judge has frozen certain Hansen & Horn Group Inc. funds after the Indianapolis homebuilder failed to pay
a $183,000 legal judgment. The move sheds light on the severity
of the company’s woes.
MoreHomeownership losing cachet due to housing bust, job losses
November 21, 2009
Cory SchoutenMultifamily housing may not benefit anytime soon from falling rates of homeownership.
MoreConstruction under way on downtown condo conversion
November 14, 2009
IBJ StaffThe Shelton, a five-story building on Delaware Street, is getting a $3 million makeover.
MoreNational, state foreclosure filings fall
November 12, 2009
IBJ Staff and Associated PressIndiana foreclosure filings were down only 1.5 percent in October from the previous month, but have fallen a whopping 18.5
percent from October 2008.
MoreLocal man gets 37 months in mortgage-fraud scheme
November 10, 2009
Cory SchoutenA federal judge has ordered an Indianapolis man to serve 37 months in prison and pay $1.7 million in restitution for his role
in a massive mortgage fraud scheme.
MoreTax credit helps boost area home sales 20 percent
November 10, 2009
Scott OlsonA federal tax credit that benefits first-time homebuyers is helping to bring home sales in the nine-county Indianapolis area
out of their funk.
MoreVan Rooy scoops up troubled complex
November 10, 2009
Tom HartonVan Rooy Properties plans to spend $5.5 million renovating a 277-unit west side apartment complex that it acquired a month
ago in an unusual deal.
MoreIURC conducts review of Centennial's telecom service
November 7, 2009
Chris O'MalleyEvery neighborhood has its battles, but the 1,017-resident Centennial subdivision in Westfield is embroiled in one of the
most unusual: a very public fight over the adequacy of its phone, Internet and video service.
MoreRCI to become Wyndham Exchange; says Carmel jobs are safe
October 31, 2009
Anthony SchoettleDespite a swooning economy that has hammered the time-share condominium industry over the last 18 months, Resort Condominiums
International continues to outperform its market. That’s not to say there hasn’t been some pain at
the company formerly headquartered in Carmel.
MoreCenter Township seeks redevelopment bids for former YMCA
October 28, 2009
Cory SchoutenThe owner of the vacant former Fall Creek YMCA along West 10th Street is seeking bidders interested in tearing down the building
and redeveloping the prime 2-acre site.
MoreLandmarks Foundation president is living with history
October 24, 2009
Katie MaurerAs president of the Historic Landmarks Foundation of Indiana, Marsh Davis is surrounded by history every time he goes to
work. It also greets him when he comes home. Davis and his family live in a 100-year-old Prairie-style, Meridian-Kessler Neighborhood
home that they have filled with Mission
furniture, family heirlooms and quirky artifacts.
MoreFewer home-building permits signal weakness ahead
October 20, 2009
Associated PressApplications for home-building permits, a gauge of future construction, fell in September by the largest amount in five months.
MoreVirginia homebuilder enters market
October 17, 2009
IBJ StaffHome-building powerhouse Ryan Homes is marketing lots in 10 subdivisions it has taken over from the defunct local builder
CP Morgan Communities.
MoreFirst-time buyer tax credit isn't moving pricier homes
October 17, 2009
Cory SchoutenThe incentive has not generated a hoped-for boost in sales of homes at higher price-points. About 30 percent of the sales
eligible for the tax credit are foreclosures, meaning the seller likely won’t buy another home.
MoreArea building permits fall for 23rd straight month
October 16, 2009
The number of building permits issued in the nine-county Indianapolis area fell 20 percent in September from the same time
last year, marking 23 consecutive months of declines.
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It's also across the street from Fogo de Chao and Morton's....
Yep, the haters are trying to make good news bad. I guess it is hard to get people to believe the series is dying when they are gaining new sponsors.
David Copperfield! I remember watching his specials on TV when I was little.
Don't forget this is next to an MMA gym, a pawn shop, and some abandoned spaces.
Good project for Zionsville - A group who has owned the property for many years has waited and worked patiently to bring highest and best use development to a major corridor, and mix that in with the great downtown you have. Win Win. All the Best to Pittman Partners and Zionsville.