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Residential Real Estate
Area 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.
MoreGrocery, housing projects could rejuvenate stretch of 16th Street
October 10, 2009
Cory SchoutenA troubled low-income housing project has a new owner with plans to redevelop the complex to better
connect with the Herron Morton Place neighborhood. Next door, Kroger has revived efforts to acquire
land and plan a new supermarket to replace a cramped, old-format location.
MoreArea home sales stronger, prices still down
October 9, 2009
Scott OlsonHome-sale agreements in the nine-county Indianapolis area ticked up in September, due in large part to first-time homebuyers
enticed by large tax breaks.
More'Makeover' making another trip to central Indiana
October 7, 2009
IBJ StaffPopular ABC show 'Extreme Makeover: Home Edition' is returning to central Indiana.
MoreCharter school may take over rest of former Herron Art Institute
October 3, 2009
Cory SchoutenPlans for residential development on the site stalled as the housing market plummeted and recession set in.
MoreA pair of community banks see loan woes escalate
October 3, 2009
Greg AndrewsCommunity Bank of Noblesville and Blue River Bancshares Inc. of Shelbyville have seen loans sour
at a rate that might have seemed unimaginable before the housing market tanked and the recession set in.
MoreCharter Homes owner gets 2-plus years for mortgage fraud
September 30, 2009
Cory SchoutenCharter Homes owner Jerry J. Jaquess has been sentenced to two-and-a-half years in prison and ordered to pay restitution of
$825,000 for his role in a $20 million mortgage fraud scheme.
MoreGeorges put north-side estate up for sale
September 28, 2009
IBJ StaffTony George and his wife, Laura, have put up for sale their 12-acre, wooded estate at 8030 Spring Mill Road on the north side
of Indianapolis.
MoreEntrepreneur hopes real estate venture will rebuild neighborhoods, fund charities
September 26, 2009
Kathleen McLaughlinDavid Sexauer has $250,000 and a list of about 120 properties he’d like to acquire from the city of Indianapolis.
MoreHistoric Landmarks returning to headquarters
September 24, 2009
IBJ StaffThe Historic Landmarks Foundation of Indiana is set to return to its headquarters in downtown Indianapolis tomorrow, six
months after a fire at a neighboring apartment project displaced the not-for-profit.
MoreNew owner to rehab two century-old apartment buildings
September 19, 2009
IBJ StaffA local real estate veteran who had planned to retire has instead jumped back into the game with the purchase of two vacant
downtown properties he plans to convert to market-rate apartments.
MoreFirst-time homebuyers boosting residential sales
September 16, 2009
Scott OlsonLow-priced homes and foreclosures are driving a large chunk of residential real estate sales in Indianapolis, largely due
to first-time home buyers taking advantage of a federal tax credit, according to a report released today by Re/Max of Indiana.
MoreApartments near downtown canal slated for rehab
September 15, 2009
Tom HartonA local real estate veteran who had planned to retire has instead jumped back into the game with the purchase of two vacant
downtown properties he plans to convert to market-rate apartments.
MoreArea home-sale agreements level off, prices still falling
September 10, 2009
IBJ StaffThe housing slump may be weakening in the nine-county Indianapolis area, if a report released today by F.C. Tucker Co. is
any indication.
MoreDowntown apartment complex expanding
September 5, 2009
IBJ StaffThe developer of The Waverley apartments downtown has filed plans to expand the complex because of high demand for one-bedroom
units.
MoreReal estate firm launches in rough waters
August 29, 2009
Kim PuckettBusiness partners Dan Adams and Bob Harton left a real estate franchise to start an agency of their own.
MoreLocal high-end home sales in deep slump
August 28, 2009
Scott OlsonSales of higher-priced homes nationally have slowed to a glacial pace. In the Indianapolis area, the supply of homes for sale
above $1 million has risen from three year’s worth in 2007 to more than eight year’s worth, according to the Metropolitan
Indianapolis Board of Realtors.
MoreAffordable housing developers struggle as key funding source disappears
August 24, 2009
Kathleen McLaughlinAffordable
housing developers nationwide are facing a drastically weaker market for tax credits.
MoreLoan defaults could cost David Marsh his Geist home
August 17, 2009
Cory SchoutenDavid A. Marsh, the former supermarket executive and current president of the Crystal Flash convenience store chain, could
lose his 11,800-square-foot mansion on Geist Reservoir over three defaulted loans.
MoreArea home sales, prices still falling
August 11, 2009
IBJ StaffHome-sale agreements in the nine-county Indianapolis area dropped 3.1 percent in July over the same month a year ago, according
to a report released yesterday by F.C. Tucker Co.
MorePlans emerge for Winona Hospital redevelopment
August 3, 2009
Cory SchoutenThe Children’s Museum of Indianapolis wants the city to tear down the old Winona Memorial Hospital so it can build a
community park and outdoor learning center. A private firm that specializes in environmentally
impaired properties wants to turn the building into senior apartments.
MoreMetro-area home sales dip in June
July 9, 2009
IBJ StaffHome-sale agreements in the nine-county Indianapolis area dipped 1.4 percent in June compared to the same month a year
ago, according to a report released today by F.C. Tucker Co.
MoreEDITORIAL: Project near MSA may be worth the risk
June 22, 2009
The city has unveiled a dramatic plan for new housing and retail development to revitalize the old Market Square Arena site.
Despite some shortcomings, the project deserves a chance to give the stagnant area a boost.
MoreBrenwick Realty merges with Keller Williams Realty
June 22, 2009
IBJ StaffThe merger will give Keller Williams, which entered the local market five years ago, a foothold in Hamilton County, where
Brenwick Realty has been responsible for selling property in Village of WestClay.
MoreCultural Trail spurs development plan along Virginia Avenue
June 8, 2009
Cory SchoutenA local architecture firm hopes to challenge hip Mass Ave with an arts-themed development in Fletcher Place. The $9 million
project would include apartments, retail and office space.
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So the Mayor adds another non value added layer to having a vehicle towed? Whereby the City Government RECIEVES AN ILLEGAL KICKBACK FROM A LGOISTICS COMPANY THAT SUBS THE WORK TO LOCAL TOW COMPANIES? What is the service the City performs for receiving the "tribute"? This is RICO!!!!! What a corrupt and unnecessary layer. What a dirtbag Mayor and his cronies.
Owner occupied housing. Clear enough?
So people think I am paranoid. It's from experience in dealing with puds requested by developers who make major donations themselves to representatives, have nice fund raisers for those running for office and hide through pac's. then there are the public relation firms. You will note some pr comments below. You there Clyde Lee? My opinion. Commercial along 421, great. Multifamily housing, terrible idea that will change the town. Senior condos or zero lot line homes west, great. I suggest keeping all entries to commercial areas at 421. All entries to owner occupied on sycamore. Will keep the traffic on sycamore down some. Two other things. You can't trust what will be there in 10 years. Steve builds quality stuff, but areas change over time. Look at the changes at the wall mart center at 86th and 421 over the last 10 years. Look at the apartments and neighborhoods behind St Vincent's. Raintree properties WILL decrease in value if commercial and multifamily goes in near. It has already been happening around the bridges area. The houses that have been sold recently are way below market. Several deals not closed due to the Illinois construction and the whole unsurety of the bridges. It's pretty simple, Zionsville will approve the whole thing because the city council has been groomed over a LONG period of time for this. I might even suggest some are in their position as a result of this.
Esta, do you have a dog in this fight? You seem to really want to knock anyone against this project. No, I didn't move to Indiana for the architecture. I moved here for that red barn in the field. The horses and fields of corn. A place that is NOT overdeveloped. There are plenty of nearby places in Indianapolis that could be REDEVELOPED instead.
RKW - OK, we get it, you're paranoid. The question is, are you paranoid enough? Greg - Yes, Pittman(s) is (are) at it again. They are developers, they build things. It's what they do. So when you go to work tomorrow, Greg, you're at it again too. Cliff - Really? You moved to Indiana for its progressive architecture? That's like moving to England for the cuisine. Zionsvillain - The house you moved to was once a field or woods. I'm willing to bet folks were upset when that ground was plowed under and a house was built. But I guess now that you are in, everything should stop? "My house was OK, but the next one is sprawl." SE Guy - Please don't paint us with such a wide brush. Most reasonable Zionsville residents welcome planned, measured development.