Residential Real Estate

$11M Irvington apartment project entering second phase

August 20, 2013
Scott Olson
Irvington Lofts, a 50-unit affordable housing project, is slated to open in the fall, as construction begins on a nearly 6,000-square-foot adjacent medical office that will be occupied by Franciscan St. Francis Health.
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Adjacent Chatham Arch properties could attract redevelopment

August 13, 2013
Scott Olson
The roughly one-acre properties at 625 E. 11th St. and 602 E. 10th St. encompass an entire city block.
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Area home sales decline for first time in 2-plus years

August 13, 2013
Jeff Newman
The pace of home-buying has fallen due to higher mortgage rates, rising prices and lower inventories.
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Indianapolis-area homebuilding filings jump 35 percent

August 12, 2013
 IBJ Staff
Year-to-date, local single-family-building permit filings have risen 27 percent from the same period a year ago.
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Old Northside apartment projects reviving two buildings

July 23, 2013
Scott Olson
Flock Real Estate Group is investing $1 million to refurbish side-by-side apartment buildings at the northeast corner of 13th and Alabama streets, and Englewood Group is spending $3.6 million to convert a former church across the street.
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Will residential boom end commercial bust in West Clay?

July 20, 2013
Andrea Muirragui Davis
Residential construction is booming in The Village of West Clay, the already-sprawling Carmel development designed to mimic small-town life at the turn of the (last) century. But not everything has gone according to Brenwick Development’s ambitious plans. Two commercial nodes remain largely undeveloped, and one property owner’s legal woes led to several high-profile vacancies that have yet to be filled.
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Two Indy apartment complexes sell for $35 million

July 16, 2013
National investors have snapped up two apartment properties on the north side totaling 722 units. One complex is slated for a major rehab.
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Market Square project calls for $81 million, 28-story tower

July 16, 2013
 IBJ Staff
Flaherty & Collins Properties plans to build an $81 million, 28-story skyscraper on part of the former home of Market Square Arena in what would be the tallest new downtown development since the JW Marriott opened in 2011.
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Homebuilding permits rise for 12th straight month

July 16, 2013
Through June this year, 2,603 permits have been issued in the Indianapolis area, an increase of 26 percent compared to the first six months of 2012.
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City expected to tap Flaherty & Collins for former MSA site

July 15, 2013
Scott Olson, Cory Schouten
The prolific local developer Flaherty & Collins Properties is expected to land a deal with the city to build a residential and commercial skyscraper on part of the former home of Market Square Arena, multiple sources said Monday evening.
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City set to unveil Market Square project plans

July 15, 2013
Scott Olson
City officials will reveal the winner Tuesday morning from six teams that bid on redeveloping the downtown site. All proposed mixed-use projects, but they ranged in size from eight to 52 stories.
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Area home-sale agreements on the rise again

July 12, 2013
 IBJ Staff
Home-sale agreements in the nine-county Indianapolis area were up nearly 10 percent in June compared to the same month a year ago.
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Star negotiating HQ move to former Nordstrom at Circle Centre

July 10, 2013
Scott Olson
The newspaper's publisher confirmed it's closing in on a deal to occupy the space after IBJ reported earlier Wednesday that the Star was considering a move to Circle Centre mall.
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More upgrades in store for downtown's Cadillac Building

June 25, 2013
Scott Olson
The building owner is opening window coverings that had been sealed shut, a move that will make the property more attractive to a retailer. A huge apartment project underway nearby is giving the area a lift.
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Second-home sales rebounding with broader marketRestricted Content

June 22, 2013
Scott Olson
Buyers coming into the market range from retirees to wealthy executives and even modest earners.
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Symphony conductor Urbanski, wife settle in at CityWay

June 22, 2013
Sam Stall
The Indianapolis abode of Polish-born conductor Krzysztof Urbanski and his wife, Joanna, is nice but a bit on the small side—a 1,376-square-foot apartment inside downtown’s new CityWay development.
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Veteran custom homebuilder taking prefabs downtownRestricted Content

June 15, 2013
Scott Olson
Ursula David is out to dispel the perception that modular homes are little more than glorified double-wides. David, who started Ursula David Homes 20 years ago, is concentrating on a new project, Indy Mod Homes, and is targeting an unlikely place for the prefabs—the urban core.
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Governments helped fuel nursing-facility developer's riseRestricted Content

June 15, 2013
Kathleen McLaughlin
Carmel-based Mainstreet Property Group has built 13 nursing homes in Indiana and Illinois since 2008. Six of the dozen Indiana properties benefited from municipal-backed credit or tax breaks, and a seventh received a reduced-impact fee. Mainstreet also received $345,000 in state economic incentives.
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City won't take back suspect properties sold by Land Bank

June 14, 2013
Kathleen McLaughlin
The city of Indianapolis won't try to take back properties that were sold by its Indy Land Bank to suspect not-for-profits or to Naptown Housing Group LLC, in which former land bank director Reggie Walton is alleged to be a silent partner.
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Out-of-state developer pitches $75M Carmel project

June 11, 2013
Andrea Muirragui Davis
Baltimore-based Atapco Properties wants to redevelop 34 acres of land at Carmel Drive and Guilford Road, converting a portion of the commercial property to residential use with hundreds of apartments.
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Homebuilders extend streak with 23-percent surge in permits

June 11, 2013
 IBJ Staff
Single-family building permits rose 23 percent in the nine-county Indianapolis area in May, the 11th straight month of year-over-year increases.
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Fraud victim says he was duped twice over land bank house

June 6, 2013
Kathleen McLaughlin
Joseph Satterfield says he paid twice for his residence at 624 Congress Ave., but he still doesn’t have his hands on the deed to the house that was held by the Indy Land Bank.
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Buckingham set to redevelop Carmel shopping center

June 4, 2013
Scott Olson
The Carmel Marketplace on East Carmel Drive is directly south of the Mohawk Hills apartment complex, which Buckingham hopes to start redeveloping as part of its long-awaited Gramercy project late this year.
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Apartment business good in IU's hometown

May 28, 2013
Associated Press
Bloomington's average apartment rent was $892 last year, up nearly $60 in two years.
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Homebuilder focuses on 'pocket' communities near Carmel attractionsRestricted Content

May 25, 2013
Andrea Muirragui Davis
Two Carmel natives operate Old Town Design, which is building small neighborhoods of new Craftsman-style homes in and near downtown Carmel's old neighborhoods.
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  1. Those of you yelling to deport them all should at least understand that the law allows minors (if not from a bordering country) to argue for asylum. If you don't like the law, you can petition Congress to change it. But you can't blindly scream that they all need to be deported now, unless you want your government to just decide which laws to follow and which to ignore.

  2. 52,000 children in a country with a population of nearly 300 million is decimal dust or a nano-amount of people that can be easily absorbed. In addition, the flow of children from central American countries is decreasing. BL - the country can easily absorb these children while at the same time trying to discourage more children from coming. There is tension between economic concerns and the values of Judeo-Christian believers. But, I cannot see how the economic argument can stand up against the values of the believers, which most people in this country espouse (but perhaps don't practice). The Governor, who is an alleged religious man and a family man, seems to favor the economic argument; I do not see how his position is tenable under the circumstances. Yes, this is a complicated situation made worse by politics but....these are helpless children without parents and many want to simply "ship" them back to who knows where. Where are our Hoosier hearts? I thought the term Hoosier was synonymous with hospitable.

  3. Illegal aliens. Not undocumented workers (too young anyway). I note that this article never uses the word illegal and calls them immigrants. Being married to a naturalized citizen, these people are criminals and need to be deported as soon as humanly possible. The border needs to be closed NOW.

  4. Send them back NOW.

  5. deport now

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