Residential Real Estate

Magazine names Fishers 'top affordable suburb'

March 5, 2010
 IBJ Staff
The Bloomberg BusinessWeek survey gives the town north of Indianapolis high grades for "livability, safety, education, and economic performance."
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Judge signs off on Hansen & Horn liquidation

March 4, 2010
Scott Olson
A court-appointed receiver can begin selling the assets of troubled home builder Hansen & Horn Group Inc., after a judge approved its liquidation on Wednesday.
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Mass Ave project works toward April approval

March 2, 2010
Tom Harton
Trail Side on Mass Ave would include 69 one-bedroom apartments and about 23,000 square feet of ground-level retail space.
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Restoration planned for landmark Old Centrum propertyRestricted Content

February 27, 2010
Cory Schouten
The Historic Landmarks Foundation of Indiana plans to acquire the Romanesque Revival former church and is considering moving its headquarters there.
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Redevelopment planned for site of former juvenile facilityRestricted Content

February 27, 2010
Cory Schouten
King Park Area Development Corp. is preparing to approach developers interested in submitting plans for the 1.8-acre site, the equivalent of about eight residential lots.
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Disagreement about parking delays project on Meridian Street

February 27, 2010
 IBJ Staff
A local developer’s plans to renovate a long-vacant and graffiti-covered 1915 building have hit a snag.
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Receiver: Insolvent Hansen & Horn should be liquidated

February 22, 2010
Scott Olson
The troubled home builder's $14.5 million in liabilities are twice as much as its assets, receiver tells Marion County judge, who takes the recommendation under advisement.
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Metro-area home sales plummet

February 22, 2010
January home sales in the nine-county Indianapolis area fell 16.5 percent from the same month last year, according to a report from Re/Max of Indiana. But the housing news wasn't all bad. The average price of a home in the area jumped 12.1 percent.
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Urban Land Institute chapter launches in IndianapolisRestricted Content

February 20, 2010
Cory Schouten
Chapter, heavily populated by developers, hopes to guide sustainable development.
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Apartment developer plans 217 units in Lawrence

February 19, 2010
Cory Schouten
J.C. Hart Co. is designing plans for a $17 million upscale apartment community as part of the master-planned Lawrence Village at the Fort.
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Westfield lumber company part of acquisition

February 16, 2010
Hall & House Lumber Co. in Westfield will become part of one of the largest distributors of lumber and building materials in the nation, once the purchase of its parent is completed next month.
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Law firm adds historic home to campusRestricted Content

February 6, 2010
Scott Olson
Plews Shadley Racher & Braun has finished a careful restoration of the Eden-Talbott House, continuing a strategy of shunning glass and steel.
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Ex-Indiana player Leary arrested in fraud case

February 5, 2010
Associated Press
The 39-year-old Leary was being held Friday in the Monroe County Jail in Bloomington on charges out of Allen County.
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Cincinnati investors buy apartment complex anchored by mansion

February 2, 2010
Tom Harton
Sundance Real Estate Holdings and other investors closed on the 37-unit Mansion Row apartments at 2550 Cold Spring Road on Dec. 30.
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Apartment developer investing $100M in Hamilton projects

January 30, 2010
Cory Schouten
Carmel-based developer J.C. Hart Co. is making a $100 million bet that luxury apartment communities will continue to thrive in Hamilton County, particularly along 146th Street.
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Employee buys Drexel Interiors from struggling parent firm

January 28, 2010
Peter Schnitzler
The east-side Indianapolis kitchen and bathroom remodeling shop is attempting to succeed as a solo operation following longtime employee Allen Weisenburger's decision to buy the operation rather than let it close.
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Report says Indiana home sales, prices on rise

January 25, 2010
Home sales statewide rose 4.1 percent in December compared with the same month in 2008, although Marion and Hamilton counties reported sizable slides.
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Affordable-housing group goes on apartment-buying bingeRestricted Content

January 23, 2010
Cory Schouten
Partners in Housing Development seized on a weak real estate market to acquire three urban apartment communities in the last 18 months.
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Salvation Army draws scrutiny for supplying homes to officersRestricted Content

January 23, 2010
Kathleen McLaughlin
In Indiana, the Salvation Army owns 34 residences, including 10 in Indianapolis with a combined value of $1.6 million.
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Farmland once targeted for housing still being plowedRestricted Content

January 23, 2010
Kathleen McLaughlin
Farmers who might have worried about losing their livelihood to new homes or retail have gotten a little breather.
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F.C. Tucker predicts modest rally for residential market

January 19, 2010
Cory Schouten
Central Indiana's housing market is on track to notch gains in the number of homes sold and the average sales price in 2010.
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Cincinnati-area builder Fischer expands to Indianapolis

January 12, 2010
Cory Schouten
Home builder hopes to sell as many as 200 houses in region this year. Fischer, which entered the Columbus, Ohio, market in 2008 after buying subdivisions from retreating builders, is using the same strategy to establish a foothold in Carmel, Westfield, Zionsville and Avon.
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Riley Towers expansion in works

January 12, 2010
Tom Harton
The owner of the Riley Towers apartment complex is preparing to develop a 54-unit extension of the landmark downtown property.
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Brokerage CTMT rebranding, dropping Tucker name

January 6, 2010
Cory Schouten
The city's largest commercial real estate brokerage is breaking from Colliers International and dropping Tucker from its moniker for the first time in more than 90 years.
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Ex-investor sentenced in Indiana mortgage fraud

January 5, 2010
 IBJ Staff and Associated Press
Robert A. Penn, 44, of Naples, Fla., received seven years in prison and was ordered to pay more than $11 million in restitution.
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  1. A Tilted Kilt at a water park themed hotel? Who planned that one? I guess the Dad's need something to do while the kids are on the water slides.

  2. Don't come down on the fair for offering drinks. This is a craft and certainly one that belongs in agriculture due to ingredients. And for those worrying about how much you can drink. I'm sure it's more to do with liability than anything else. They don't want people suing for being over served. If you want a buzz, do a little pre-drinking before you go.

  3. I don't drink but go into this "controlled area" so my friend can drink. They have their 3 drink limit and then I give my friend my 3 drink limit. How is the fair going to control this very likely situation????

  4. I feel the conditions of the alcohol sales are a bit heavy handed, but you need to realize this is the first year in quite some time that beer & wine will be sold at the fair. They're starting off slowly to get a gauge on how it will perform this year - I would assume if everything goes fine that they relax some of the limits in the next year or couple of years. That said, I think requiring the consumption of alcohol to only occur in the beer tent is a bit much. That is going to be an awkward situation for those with minors - "Honey, I'm getting a beer... Ok, sure go ahead... Alright see you in just a min- half an hour."

  5. This might be an effort on the part of the State Fair Board to manage the risk until they get a better feel for it. However, the blanket notion that alcohol should not be served at "family oriented" events is perhaps an oversimplification. and not too realistic. For 15 years, I was a volunteer at the Indianapolis Air Show, which was as family oriented an event as it gets. We sold beer donated by Monarch Beverage Company and served by licensed and trained employees of United Package Liquors who were unpaid volunteers. And where did that money go? To central Indiana children's charities, including Riley Hospital for Children! It's all about managing the risk.

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