Residential Real Estate

Apex credits door-to-door pitch for windows-sales successRestricted Content

March 1, 2014
Andrea Muirragui Davis
The company eschews traditional—and expensive—mass marketing in favor of face-to-face solicitations.
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Indy officials work to strengthen rental-property inspection bill

February 19, 2014
Kathleen McLaughlin
A proposal under consideration by the Legislature would curb rental-property inspection programs, but local officials worked with its author to let cities set up landlord registries.
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Broad Ripple brokers propose office project on College Avenue

February 18, 2014
Scott Olson
Scott Lindenberg and Thomas Willey want to replace two rental homes they own just north of Kessler Boulevard with a 5,700-square-foot, two-story office building.
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Central Indiana home sales start year on chilly note

February 17, 2014
Scott Olson
Home-sale agreements plummeted 31 percent in January, likely due to the record snowfalls and cold temperatures.
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Symbol of Durham’s opulence heading for a sheriff’s saleRestricted Content

February 15, 2014
Greg Andrews
Tim Durham's 10,700-square-foot Geist home has languished on the market for years with an asking price of $5.5 million.
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First family gives TLC to little-used Brown County cabinRestricted Content

February 15, 2014
Kathleen McLaughlin
The Pence administration has overseen the six-figure renovation of a Brown County cabin that one political observer calls Indiana’s Camp David.
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Home starts flat in frigid January

February 13, 2014
Homebuilders filed roughly the same number of building permits in central Indiana last month, 300, that they did in January 2013. The severe winter weather has kept builders at bay, the Builders Association of Greater Indianapolis said.
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Developer plans Lockerbie residential project

February 4, 2014
Scott Olson
Chase Development plans to build six, four-story townhomes along with six more traditional houses on a 1.25-acre parcel between Michigan and North streets.
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Indiana plans $75M push to demolish abandoned homes

February 3, 2014
Associated Press
Lt. Gov. Sue Ellspermann announced the initiative Monday at the Statehouse. She said knocking down blighted and abandoned homes will help maintain property values and cut down on crime.
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Design of new downtown fire station to get first review

January 21, 2014
Scott Olson
Construction of the new fire station on East 10th Street would help clear the way for a $43 million apartment and retail project on Massachusetts Avenue where the Indianapolis Fire Department's headquarters now stands.
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Lilly Endowment awards $6.3M to Indy housing group

January 20, 2014
 IBJ Staff
The Indianapolis Neighborhood Housing Partnership will use the funds to help qualified residents purchase homes and revitalize their neighborhoods.
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Homebuilders enjoy best year since 2007

January 15, 2014
 IBJ Staff
Single-family building permits in the nine-county Indy metro area surged in December, ending a two-month decline in filings.
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Strong year for home sales ends on 4-month skid

January 14, 2014
Mason King
Home-sale agreements in central Indiana plummeted 18.6 percent in December, as the market continued a downward trend.
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21-acre Greenwood tract marketed for apartment development

January 14, 2014
Scott Olson
Developer J. Greg Allen had planned to build condominiums on the site before the housing market crashed. He relinquished the property to his lender, BMO Harris.
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Local attorney, developer Page files bankruptcy

January 8, 2014
Scott Olson
Paul J. Page was one of four principals of troubled Indianapolis-based condo firm Page Development, which spearheaded the Villagio at Page Pointe project at the south edge of downtown.
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Whole Foods-anchored project causes stir in Broad Ripple

December 28, 2013
Scott Olson
A local developer’s plan to build a $25 million mixed-use project in Broad Ripple anchored by a Whole Foods grocery met fierce resistance from neighborhood residents opposed to its size.
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City finally lands development for Market Square

December 28, 2013
Scott Olson
Flaherty & Collins Properties plans to build an $81 million, 28-story skyscraper in what would be the tallest new downtown development since the 34-story JW Marriott hotel opened in 2011.
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Bloomington defends tough smoke-detector ordinance

December 26, 2013
Associated Press
Property owners sued in July to block the law, which requires landlords to install hard-wired smoke detectors by 2019.
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Bill to target abandoned-home epidemic in Indiana

December 23, 2013
Chris O'Malley
Sen. Jim Merritt, R-Indianapolis, wants to shorten the amount of time vacant homes sit idle.
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Homebuilders see second straight drop in permit filings

December 17, 2013
 IBJ Staff
Despite the monthly decline, year-to-date permit filings are up 18 percent over 2012. This year's number through 11 months has already exceeded 2012's full-year total.
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Area home sales fall for third straight month

December 16, 2013
 IBJ Staff
Although area sales of existing homes are up 15.4 percent through the first 11 months of the year, the trend has reversed in recent months. Year-over-year sales have fallen in four of the last five months.
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Commercial blitz may follow Westfield's housing boom

December 14, 2013
Andrea Muirragui Davis
Poised for a development boom in those heady days before the real estate market collapsed, Westfield appears back on track for growth. Residential activity never stopped, but builders are picking up the pace in response to increasing demand. If history holds true, a commercial construction blitz will come next.
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Pressure on legislature to address abandoned homesRestricted Content

December 14, 2013
Chris O'Malley
Banks are pushing for reform to the state's process for home foreclosures.
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Whitsett pivots to market-rate apartment projects

December 7, 2013
Scott Olson
Next up is a renovation of the vacant Consolidated Building and a redevelopment of the Indianapolis Star headquarters property, both on North Pennsylvania Street. The projects will add 600 market-rate apartments to downtown.
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Indy firm proposes redevelopment of ISU towers

December 5, 2013
Associated Press
Indiana State University is putting on hold its plans to demolish two 15-story former residence halls on the Terre Haute campus after an Indianapolis-based developer proposed taking them over.
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  1. Uh, sorry Johnnie, but you are incorrect. Despite the assertions by yourself and various defenders and captains, sports attendance is NOT off significantly at most sporting events in the US. Variances in attendance has been in the range of single digits, both + & - for years now. MLB has had most of its best overall attendance nubers in the last decade, and that trend has been consistent for most major sporting events. The number one issue cited by most fans when asked about attendance is the overall cost of attending. The presence of HD and big screen televisions in home doesn't even register, as a factor for not attending an event. VALUE in the product is the key, and apparently is something lacking in the current ICS. What other explanation is there when with what is routinely touted as the "best" racing on the planet, fans are staying away in DROVES. A "close" title battle into the last event at Fontana, with the "cars and stars" of the ICS, and who showed up? MAYBE 8K. Sorry, but HD TV isn't to blame for that kind of fan apathy.

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