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Residential Real Estate
Area home sales rise for 20th straight month
January 15, 2013
IBJ StaffHome-sale agreements in the nine-county Indianapolis area jumped 12.2 percent in December, marking a 20th straight month of
gains and capping off a strong year for residential real estate.
More$1.5M plan to salvage Di Rimini nears finish line
January 15, 2013
Cory SchoutenThe bank that owns the hulking pile of code violations known as Di Rimini at the southeast corner of Capitol Avenue and St.
Clair Street is poised to invest more than $1.5 million to finish the ill-fated project.
MoreDeveloper settles suit with Hudson condo residents
January 14, 2013
The complaint alleged that Hudson residents in 2011 began noticing cracks in the first-floor walls and ceiling of the downtown
condominium, in addition to noticing a slope in the floor.
MoreArea homebuilding hits highest mark since 2008
January 9, 2013
Scott OlsonThe number of home construction permits in the Indianapolis area jumped 16 percent last year, marking just the second year-over-year
increase in filings since 2005.
More$30M Keystone mixed-use project seeks city approval
January 8, 2013
Tom HartonHendricks Commercial Properties wants to build a five-story, L-shaped building with more than 36,000 square feet of ground-level
retail space and 130 high-end apartments on the upper floors.
MoreU.S. banks to pay $8.5B in mortgage settlement
January 8, 2013
Associated PressHundreds of thousands of Americans stand to benefit from the latest mortgage-abuse settlement, but consumer advocates say
U.S. banks may be getting the best of the deal.
MoreArea home-sale agreements rise for 19th straight month
December 17, 2012
Home-sale agreements in the nine-county Indianapolis area jumped 14.2 percent in November, marking the 19th straight month
the number of pending sales has increased.
MoreHome seizures by banks rise in Indiana, nationally
December 13, 2012
IBJ Staff, Bloomberg News, Associated PressHome repossessions rose in 29 states and the District of Columbia in November, led by an increase of 96 percent in Indiana.
However, the number of homes starting on the path to foreclosure declined to the lowest level in six years.
MoreFormer NBA player Henderson gets city OK to build home
December 12, 2012
Scott OlsonFormer Indiana University and NBA basketball player Alan Henderson got approval to build a home on Indianapolis’ north
side in spite of fierce opposition from neighbors.
MoreHousing group sues Buckingham over apartment accessibility
December 11, 2012
Scott OlsonThe National Fair Housing Alliance alleges in a lawsuit that four of the local apartment developer's properties violate Fair
Housing Act accessibility requirements.
MoreDeadline looms to refile for homestead tax break
December 10, 2012
Scott OlsonThe law, passed in 2009, says Hoosier homeowners will lose their deduction beginning in 2013 if they don't complete and return
a homestead verification form by Jan. 1.
MoreHow 3 real estate entrepreneurs expanded during slowdown
December 8, 2012
Cory SchoutenAasif Bade of Ambrose Property Group, Tadd Miller of Milhaus Development and Joe Whitsett of The Whitsett Group saw opportunity
as many rivals retrenched.
MoreStrong finish to year giving home builders optimism
December 7, 2012
Scott OlsonThe number of single-family building permits filed in the nine-county area climbed 43 percent in November, the fifth straight
month of year-over-year increases, according to the Builders Association of Greater Indianapolis.
MoreGas leaks force 29 from central Indiana apartments
December 6, 2012
Associated PressAuthorities have ordered the 29 residents of an Anderson apartment complex to leave their homes until gas leaks found in all
five of its buildings can be repaired.
MoreLawmaker seeks funding to tackle abandoned housing
November 24, 2012
Kathleen McLaughlinState Rep. Ed Clere plans to introduce a bill that would give municipalities explicit powers to create land banks, which can
sell surplus property for redevelopment. He also wants to include a revenue source to support land-bank operations and eliminate
tax-foreclosure sales as a form of investor speculation.
More$22M foreclosure suit targets local apartment complexes
November 21, 2012
Scott OlsonThe three complexes are Dogwood Glen Apartments on the city's northwest side, Elmtree Park Apartments on the far-east side
and Heathmoore Apartments on the southeast side.
MoreDeveloper unveils 16-home project just east of downtown
November 20, 2012
Tom HartonThe Re-Development Group Inc. bought a1.6-acre site at New York Street and Highland Avenue last May and will raze three 1960s-era
office/warehouse buildings to make way for home construction in 2013.
MoreCarmel project dogged by conflict questions
November 17, 2012
Kathleen McLaughlinAn executive ousted from the firm developing The Barrington in Carmel alleges that the $142 million retirement-community project
was driven by conflicts of interest.
MoreArea home-sale contracts rise 20 percent
November 14, 2012
Home-sale agreements in the nine-county Indianapolis area rose 20.6 percent in October, the 18th straight month of year-over-year
improvement in sales contracts.
MoreOne Mass Ave project starts; another one is in limbo
November 13, 2012
Tom HartonInsight Development has begun building an $11.5 million, 61-unit apartment project at Massachusetts Avenue and East and North
streets. But the fate of the second phase is up in the air because its financing had been tied to a project Insight
and Flaherty & Collins Properties had hoped to develop across Mass Ave at the site of the Indianapolis Fire Department
headquarters.
MoreSimon spared no expense with Manhattan residence
November 10, 2012
Greg AndrewsThe $25 million purchase ranked as the 12th-largest residential sale in New York City last year, according to the real estate
website Curbed NY.
MoreArea home-building permit filings surge 46 percent
November 8, 2012
The Builders Association of Greater Indianapolis said October's jump marked the biggest year-over-year increase this year.
Activity was strongest in Hamilton and Hendricks counties.
MoreBuffett-owned residential brokerage network to have presence here
November 6, 2012
Tom HartonOmaha-based Berkshire Hathaway Inc., through its HomeServices of America unit, bought a majority stake in the Prudential and
Real Living real estate franchises from Brookfield Asset Management.
MoreCity bans bulk land-bank sales after lopsided deal with not-for-profit
November 3, 2012
Cory SchoutenIndianapolis last year sold 154 properties from its land bank for $1,000 each to a novice not-for-profit, which immediately
flipped them for a total $500,000 profit. More than a dozen have changed hands multiple times since then, making investors
more than $1 million. (with interactive
map)
MorePulteGroup plans new neighborhood in Anson
November 1, 2012
PulteGroup Inc. has purchased 24 acres in the Anson development near Whitestown in Boone County and plans to build 36 homes.
Long-range plans call for 255 homes on 145 acres.
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These higher rates Co. e about only because physicians are now hospital employees. otherwise physicians couldn't charge these rates and share the windfall with the hospital. Community/rural hospitals probably not buying physicians practices and thus weren't getting the windfall anyway.
The incentive for poor people to get themselves off public assistance and "no longer be poor" is even with help...they're STILL POOR! Being poor, even with some assistance, isn't all that pleasant. (I speak from experience) It's a stubborn myth that poor people, who are on public assistance, are sitting in the lap of luxury. You should try living on just those "freebies" that you mentioned and see how meager they actually are. By the way, I didn't mean you had to buy/own a puppy...just pet one. :)
As near as I can tell the minority has ZERO constitutional obligation to offer a quorum to the majority. A requirement for quorum was inserted into the constitution so that tyrannical majorities could not simply shove through odious and objectionable legislation (which is exactly what they did.) By allowing a tyrannical majority to charge fines against the minority for exercising their constitutional prerogative to deny quorum the court as made a mockery of constitutional governance in the state of Indiana.
The voters elected the Reps to make a vote not walk out on the vote. They had to the right to exercise their opinion and vote "no" to the bill. Let me ask you this if you walked out of your job for 5 straight weeks would you get paid? Would you even have a job to go back to? If any elected official walks out on the people they should be arrested for stealing tax dollars from the public. They were elected to do a job and not leave when the job gets stuff.
I have been to several of their locations in Pennsylvania and always go in for 1 item and leave with a basket full of things. I'm very happy they decided on Indiana, now if only they would put the other store in eastside.