Residential Real Estate

Transit, sustainable development likely to be themes in rescue of near-north neighborhoodRestricted Content

June 1, 2009
Chris O'Malley
Local leaders and, soon, a national team of experts, are quietly developing a strategy to revitalize Marion County's biggest concentration of brownfield sites and impoverished urban neighborhoods, centered at East 22nd Street and the Monon Trail.
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Panel handicaps market recovery chancesRestricted Content

May 25, 2009
Cory Schouten
A panel of five veterans of real estate and construction provided industry insights at IBJ's Power Breakfast May 1 at the Westin Indianapolis.
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Developer wants to turn project into apartments, officesRestricted Content

May 25, 2009
Cory Schouten
A local developer is hoping to convert an unfinished eight-story luxury condo project downtown into a mostly affordable apartment building with its headquarters on the top floor.
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Recession slows the creation of a self-contained Boone County communityRestricted Content

May 18, 2009
Kathleen McLaughlin
Creating a self-contained community on 1,700 acres of farmland could take much longer than the 15 to 20 years Duke Realty Corp. predicted.
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Flaherty selected to revitalize Barton, Lugar tower sitesRestricted Content

May 18, 2009
Locally based Flaherty & Collins Properties plans to build retail and residential space on land that surrounds two downtown public housing towers.
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Foreclosure investors shift to buy-and-hold strategyRestricted Content

April 6, 2009
Sam Stall
Instead of buying and selling, investors with ready cash are buying houses at substantial markdowns, turning them into rental properties and sitting tight until the market improves.
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Developer could turn Maxwell to apartmentsRestricted Content

March 23, 2009
Sluggish condo sales have led developer Kosene & Kosene Residential to consider turning its latest downtown project, The Maxwell, into apartments.
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F.C. Tucker forms partnership with home-builder ShoopmanRestricted Content

March 9, 2009
F.C. Tucker Co. has entered into an agreement with Shoopman Home Building Group in which 21 Tucker real estate agents will staff model homes in seven communities Shoopman is developing.
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Turn-of-century building could be saved from demolitionRestricted Content

February 23, 2009
The Salvation Army is rethinking a request to demolish a historic home it owns next to its headquarters at Michigan and Alabama streets.
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Housing market may have hit bottomRestricted Content

January 26, 2009
Sam Stall
Here's something that passes as good news for central Indiana's moribund housing market: Prices might hold steady this year, after falling nearly 7 percent from their 2006 peak.
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Penn Arts redevelopment hits funding snagRestricted Content

January 26, 2009
The Penn Arts apartment building at 16th and Meridian streets will stay vacant a while longer. A $3 million plan to transform the 82-unit apartment building into 45 fancier units has hit a snag that's become familiar to developers: No financing was available at advantageous terms
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Former hospital could become student housingRestricted Content

January 19, 2009
Cory Schouten
Ivy Tech Community College is working with private developers on an $18 million plan to turn the old St. Vincent Hospital on Fall Creek Parkway into a housing complex for Ivy Tech and IUPUI students.
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Portrait and Pasquinelli Homes winding down in IndianapolisRestricted Content

January 12, 2009
Cory Schouten
One of central Indiana's largest condominium builders may have to exit the market because of slowing demand and problems with financing. At peak, Chicago-based Portrait and Pasquinelli Homes was building 250 units per year in Indianapolis
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Davis Homes folds, other builders struggleRestricted Content

December 29, 2008
Cory Schouten
Davis Homes, one of the state's largest home builders, fell victim to the tough housing market, ceasing operations July 23.
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Apartment revitalization work begins in IrvingtonRestricted Content

December 22, 2008
Apartment developer Christopher Piazza has closed on financing for a $1.2 million renovation of a 1914 apartment building in Irvington.
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Lease-to-own options becoming more popularRestricted Content

December 8, 2008
Chip Cutter
With credit tight and the economy shaky, homeowners around the region are increasingly choosing to sell their properties on a lease-to-own basis.
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Kosene & Kosene embroiled in 62 lawsuitsRestricted Content

December 1, 2008
Cory Schouten
Indianapolis developer Kosene & Kosene is battling buyers over a $500 million condo project near Fort Myers.
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IndyFringe leads effort to build artists' apartmentsRestricted Content

November 10, 2008
Kathleen McLaughlin
Indy Fringe executive director Pauline Moffat and Gary Reiter, a board member of the Indianapolis Theatre Fringe Festival Inc., want to build an affordable live-work complex near Massachusetts Avenue.
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Real estate agents struggling from trickling home salesRestricted Content

October 13, 2008
Sam Stall

The downturn in the housing market isn't tough just on people trying to sell their homes. It's also tough on the people who want to help those people sell their homes--real estate agents. Locally, their ranks have thinned as more and more leave the field to search for better prospects.


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Tough economy touching all industries, but some are hurting more than othersRestricted Content

September 22, 2008
Anthony Schoettle, Cory Schouten

Stock markets are falling, jobs are disappearing, and the outlook for the economy seems grim. Banks, real estate developers, retailers and manufacturers are taking the worst hits, but all types of businesses in central Indiana are hurting. From health care to technology, education to philanthropy, every industry is trying to take the setbacks in stride.


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Developer betting on cottage homesRestricted Content

September 1, 2008
Cory Schouten

Buyers in Seattle, Milwaukee and even Bloomington have snapped up new cottage homes in developments that turn the McMansion trend on its dormer-decorated head. But will Indianapolis buyers have a similar appetite for the tiny energy-efficient homes clustered around community greens? A local developer is betting they will.


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SPECIAL REPORT: Charter Homes draws scrutiny for odd sales claims, multiple liens

August 25, 2008
Cory Schouten
Charter Homes owner Jerry Jaquess fancies himself a white knight for King Park, a neighborhood once known mainly for its rampant crime, boarded-up homes and vacant lots. But as he’s constructed a slew of homes and carriage houses there, the local builder has stirred up several lawsuits, dozens of liens and persistent questions about whether his business is legit.
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Charter Homes builder draws scrutiny for odd sales claims, multiple liensRestricted Content

August 25, 2008
Cory Schouten

Charter Homes owner Jerry Jaquess fancies himself a white knight for King Park, a neighborhood once known mainly for its rampant crime, boarded-up homes and vacant lots. But as he's constructed a slew of homes and carriage houses there, the local builder has stirred up several lawsuits, dozens of liens and persistent questions about whether his business is legit.

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Developers vie for property by Central LibraryRestricted Content

June 9, 2008
Chip Cutter
Two high-profile property developers are squaring off for the rights to transform a six-story apartment complex adjacent to the Central Library downtown. Van Rooy Properties and Buckingham Cos. both submitted proposals to redevelop the Ambassador apartments at 39 E. Ninth St., just north of the library.
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Zender trying to sell 18 apartment complexes for about $40 millionRestricted Content

June 2, 2008
Chip Cutter
A locally based property management firm is struggling to find a buyer for its downtown apartment complexes, even as the city's rental market continues to thrive. The privately owned Zender Family Limited Partnership, which was founded 38 years ago, placed its 18-property apartment portfolio up for sale in November.
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