Residential Real Estate

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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Ruth Lilly's Crows Nest estate listed at $2.9 million

July 13, 2010
The late philanthropist's gated property at 555 Kessler Blvd. in Crows Nest includes a 7,726-square-foot home with indoor pool, a guest house of about 2,000 square feet and formal gardens.
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Indianapolis-area homes sales decline 10 percent

July 12, 2010
 IBJ Staff
However, average home-sale prices for the area sprouted 7 percent from the same month a year earlier, to more than $159,000.
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Van Rooy sweeps national maintenance 'Olympics'

July 10, 2010
 IBJ Staff
Three of the local firm's employees beat 3,000 contestants nationwide at a competition in New Orleans.
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City receives $4.9 million for homeless initiatives

July 9, 2010
Federal funds will help provide 69 additional beds in three Indianapolis locations, including a large apartment complex on the east side.
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Westfield's proposed Symphony development under review

July 8, 2010
 IBJ Staff and Associated Press
The Westfield planning commission has asked city employees to further review the 1,400-acre mixed-use project that could include thousands of homes, shops, a YMCA and a baseball stadium.
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Delta Faucet adaps to new normal in homebuildingRestricted Content

July 3, 2010
Kathleen McLaughlin
The company's total employment is 1,345, down 43 percent from 2007.
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Trustee asks for Hansen & Horn bankruptcy to be dismissed

June 28, 2010
Scott Olson
Beleaguered home builder doesn't appear to have funds available to pay an attorney to prepare necessary paperwork for Chapter 7 liquidation, trustee says in court filing.
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Subcontractors come to Estridge's aid with $10M investment

June 26, 2010
Scott Olson
Estridge Cos.' subcontractors have invested $10 million into the firm led by COO Matt Cohoat and CEO Paul Estridge Jr.—an infusion that paves the way for them to proceed with a massive development in Westfield.
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A slow time for fixer-uppers

June 26, 2010
Katie Maurer
Locally, the long-running FLIP program, or Fund for Landmark Indianapolis Properties, has seen a marked downturn in the resale of historic buildings.
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Wall treatments can make a big impact for small price

June 26, 2010
Interesting wall treatments can turn an ordinary room into an extraordinary room.
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Potterhill Homes enters Indianapolis marketRestricted Content

June 26, 2010
Scott Olson
A Cincinnati-based homebuilder’s expansion into Indianapolis marks the second time in six months a builder from the Queen City has carved out space in the metropolitan area.
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RUBENSTEIN: New law may put limits on residential seller financingRestricted Content

June 26, 2010
Clifford Rubenstein
A new federal law intended to enhance consumer protection and reduce fraud in the residential loan market may put the kibosh on seller financing of residential properties. This has huge implications for owners of rental housing.
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Greenwood mobile home park sold to Illinois firm

June 24, 2010
Indy Mobile purchases 527-lot Friendly Village through a court-appointed receiver.
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Fort Ben home, condos fail to sell at auction

June 24, 2010
Cory Schouten
Auction turns up no buyers for the former home of the commanding general at Fort Benjamin Harrison and four condominiums at the old Army base.
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National new-home sales plunged to record low in May

June 23, 2010
Bloomberg News
Purchases of new homes in the United States fell in May to a record low as a federal tax credit expired, showing the market remains dependent on government support.
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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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