Residential Real Estate

Home construction jumps nationally

September 21, 2010
Associated Press
Housing starts are up 25 percent from their bottom in April 2009. But they remain 74 percent below their peak in January 2006.
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Bank suing Estridge Cos. for securities fraud

September 16, 2010
Scott Olson
Bank of Indiana files complaint against the home builder, alleging it failed to repay a $1 million investment due June 30. The complaint further accuses law firm Krieg DeVault LLP of malpractice and breach of fiduciary duty.
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U.S. homes lost to foreclosure up 25 percent this year

September 16, 2010
Associated Press
August makes the ninth month in a row that the pace of homes lost to foreclosure has increased on an annual basis. Banks have been stepping up repossessions to clear out their backlog of bad loans.
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Fishers becomes draw for seniors projects

September 14, 2010
Tom Harton
One skilled-care facility is about to open and another will break ground this month.
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Area home sales still falling

September 9, 2010
Home-sale agreements in the nine-county area fell 23 percent in August. The decline marked the fourth straight month home sales have fallen in central Indiana.
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Estridge drops Westfield sports complex, still plans stadium

September 3, 2010
Scott Olson, Cory Schouten
The Estridge Cos. has withdrawn a proposal to build a massive youth sports complex in its master-planned Symphony development in Westfield.
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Van Rooy buys Greenwood apartment complex

September 3, 2010
Indianapolis-based company purchases 438-unit Westminster Apartments from court-appointed receiver. The listing price of the property was $8.2 million.
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Former Hilbert mansion draws local interest in auction

August 31, 2010
Scott Olson
Sealed-bid auction attracts a half-dozen bids from interested owners that are "more centrally located than you might think," said the listing agent.
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Groundbreaking nears for $4.5M apartment project

August 30, 2010
Cory Schouten
The 62-unit project called National Apartments on the Monon is the latest phase of the Martindale on the Monon redevelopment project, which began in 2005. The developer is Indianapolis-based Development Concepts Inc.
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Couple makes home in Ulen mansion built by town's founderRestricted Content

August 28, 2010
Katie Maurer
The talk of the town back in 1929, the Mediterranean-style house at 118 Ulen Blvd. is now simply home for husband and wife Gary Katona and Jennifer Jones-Katona, former Indianapolis city dwellers who retreated to the quiet "town within a town" 15 years ago.
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SHEATS: Make sure you're treating your windows right

August 28, 2010
Jeff Sheats
Well-designed window treatments can provide a multitude of benefits.
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Ward, Vargas take top All-Star Agent spots

August 28, 2010
IBJ has compiled its All-Star Agents lists annually since 1997. Agents are ranked by their sales volume over a two-year period.
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Reverie Estate buys another downtown Indianapolis apartment building

August 28, 2010
 IBJ Staff
The prolific developer of urban apartments plans to turn the building into an affordable artists’ community.
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Bid deadline looms for former Hilbert mansion

August 27, 2010
The 25,000-square-foot mansion once owned by Conseco Inc. founder Stephen Hilbert was listed five years ago at $20 million—and about half that in recent months. Now the property is being sold in a sealed-bid auction, and offers are due Friday.
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Nearly 7,000 Indiana homes weatherized with federal money

August 17, 2010
Associated Press
Indiana is now the 18th state to complete 30 percent of its goal, by retrofitting about 20,000 homes to make them more energy efficient.
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Area home sales slide again

August 11, 2010
July's 27-percent decline marked the third straight month that home sales have slumped in central Indiana following three straight months of improving sales spurred by generous federal tax credits.
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Lawsuit claims builder broke handicapped rights

August 10, 2010
Associated Press
The suit against SC Bodner Co. says 16 Bodner properties in eight states violate the Fair Housing Act.
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Bank trying to sell former home of Premier Properties founder

August 3, 2010
Cory Schouten
A Lake Clearwater mansion formerly owned by Premier Properties founder Christopher P. White is up for sale with an asking price of $1.48M.
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Wellness-based development would be first of kind here

August 3, 2010
Tom Harton
Satori Pointe is being marketed as a campus where medical offices, fitness-oriented retailers and residents would co-exist.
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Delta Faucet parent lowers forecast for housing starts

July 31, 2010
 IBJ Staff
The Carmel-based company backed off earlier predictions after a mid-year slow-down that could affect its sales.
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High-end home market hits foreclosure lullRestricted Content

July 24, 2010
Norm Heikens
Until this year, Indiana's foreclosure epidemic knew no demographic boundaries. But suddenly that’s changed. Since March, not a single foreclosure on a house priced at $1 million or more has been filed in the Indianapolis area—a possible sign of better times for uber-expensive homes.
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Financial upheaval produced war stories galoreRestricted Content

July 24, 2010
Norm Heikens
The foreclosure epidemic has left a wake of carnage in the Indianapolis area.
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Local investors make big bet on senior housingRestricted Content

July 24, 2010
J.K. Wall
With the first baby boomers set to turn 65 in six months, investments in senior housing are heating up. A group of Indianapolis-area professionals—including Mark Waterfill (left) and Tony Schantz—have banded together to launch three senior housing projects around the state, spending $49 million and looking to do more.
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Deadline approaches for Richelieu offers

July 20, 2010
Tom Harton
John Jacobs and a Cleveland-based partner have put a Friday deadline on offers for the 62-unit Richelieu apartments, a two-building property at the intersection of North and East streets and Mass Ave.
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Hilbert mansion to be auctioned

July 14, 2010
Kathleen McLaughlin
CNO Financial Group Inc. will resort to a sealed-bid auction to unload the lavish Hilbert mansion in Carmel, which has been on the market for five years. Its latest asking price was $9.9 million.
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