Residential Real Estate

Monthly home-building permits still on the rise

March 13, 2013
Area home-building activity continues to improve as the number of single-family permits filed in February jumped 30 percent from the same period last year.
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Stonegate Mortgage raising new round of fundingRestricted Content

March 2, 2013
Norm Heikens
Fast-growing Indianapolis company is pushing to fill a vacuum in the housing market.
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Local housing projects get $3.4M boost from tax credits

March 1, 2013
The Indianapolis developments include new apartments for seniors, the developmentally disabled and homeless veterans, using sites such as Fort Harrison and the former Central State grounds.
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Carmel family members accused of securities fraud

February 26, 2013
Scott Olson
The Indiana securities division accuses Charles Blackwelder, Chad Blackwelder and Cara Grumme of defrauding elderly investors in a scheme to sell ownership interests in rental properties.
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Ironworks project gets key city approval

February 26, 2013
Tom Harton
The city's Metropolitan Development Commission approved a Wisconsin developer's plan for a $30 million apartment and retail project to be built on the site of the former Woodfield Centre retail strip.
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Three years after opening, Indiana Design Center fillsRestricted Content

February 23, 2013
Norm Heikens
Tenants include interior designers, artists, kitchen cabinet firms.
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Bankruptcy stops condos' auction

February 18, 2013
Dan Human
An Indianapolis developer’s last-minute bankruptcy filing halted the auction of a struggling downtown condominium project.
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Indy-area home sales off to strong start in 2013

February 15, 2013
 IBJ Staff
Home-sale agreements in the nine-county Indianapolis area spiked 17.2 percent in January compared to the same month a year earlier, suggesting last year's housing recovery continues to gain momentum.
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Drywall contractor charged with underpaying employees

February 15, 2013
Dan Human
An Indianapolis drywall contractor faces criminal charges that he underpaid his employees working on a government housing project, and then falsified documents to cover it up, the Marion County Prosecutor's Office announced Friday.
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Home-building permit filings continue to climb

February 12, 2013
Area home-building activity continues to improve as the number of single-family permits filed in January jumped 55 percent from the same period last year.
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Downtown projects face crucial hurdles

February 12, 2013
Tom Harton
Two downtown apartment projects seek critical government approvals in the next month, while  another commercial project is on track to start this year.
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Long-struggling condo development going to auction

February 5, 2013
Tom Harton
The mostly two-bedroom units represent the bulk of the ill-fated Chatham Kynett Court project at 716 N. East St. in the Chatham Arch neighborhood.
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Marion County assessor bracing for more tax appeals

January 23, 2013
Scott Olson
Marion County property-tax appeals from the 2012 assessment are due Monday and will add to a backlog of roughly 27,000 existing appeals from previous years that the office is continuing to wade through.
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Flock plans overhaul of Old Northside apartments

January 22, 2013
Cory Schouten
Flock Real Estate Group plans to spend more than $1 million to renovate side-by-side Old Northside apartment buildings in the firm's largest solo project to date.
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Area home sales rise for 20th straight month

January 15, 2013
 IBJ Staff
Home-sale agreements in the nine-county Indianapolis area jumped 12.2 percent in December, marking a 20th straight month of gains and capping off a strong year for residential real estate.
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$1.5M plan to salvage Di Rimini nears finish line

January 15, 2013
Cory Schouten
The bank that owns the hulking pile of code violations known as Di Rimini at the southeast corner of Capitol Avenue and St. Clair Street is poised to invest more than $1.5 million to finish the ill-fated project.
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Developer settles suit with Hudson condo residents

January 14, 2013
The complaint alleged that Hudson residents in 2011 began noticing cracks in the first-floor walls and ceiling of the downtown condominium, in addition to noticing a slope in the floor.
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Area homebuilding hits highest mark since 2008

January 9, 2013
Scott Olson
The number of home construction permits in the Indianapolis area jumped 16 percent last year, marking just the second year-over-year increase in filings since 2005.
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$30M Keystone mixed-use project seeks city approval

January 8, 2013
Tom Harton
Hendricks Commercial Properties wants to build a five-story, L-shaped building with more than 36,000 square feet of ground-level retail space and 130 high-end apartments on the upper floors.
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U.S. banks to pay $8.5B in mortgage settlement

January 8, 2013
Associated Press
Hundreds of thousands of Americans stand to benefit from the latest mortgage-abuse settlement, but consumer advocates say U.S. banks may be getting the best of the deal.
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Area home-sale agreements rise for 19th straight month

December 17, 2012
Home-sale agreements in the nine-county Indianapolis area jumped 14.2 percent in November, marking the 19th straight month the number of pending sales has increased.
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Home seizures by banks rise in Indiana, nationally

December 13, 2012
 IBJ Staff, Bloomberg News, Associated Press
Home repossessions rose in 29 states and the District of Columbia in November, led by an increase of 96 percent in Indiana. However, the number of homes starting on the path to foreclosure declined to the lowest level in six years.
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Former NBA player Henderson gets city OK to build home

December 12, 2012
Scott Olson
Former Indiana University and NBA basketball player Alan Henderson got approval to build a home on Indianapolis’ north side in spite of fierce opposition from neighbors.
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Housing group sues Buckingham over apartment accessibility

December 11, 2012
Scott Olson
The National Fair Housing Alliance alleges in a lawsuit that four of the local apartment developer's properties violate Fair Housing Act accessibility requirements.
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Deadline looms to refile for homestead tax break

December 10, 2012
Scott Olson
The law, passed in 2009, says Hoosier homeowners will lose their deduction beginning in 2013 if they don't complete and return a homestead verification form by Jan. 1.
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  1. These liberals are out of control. They want to drive our economy into the ground and double and triple our electric bills. Sierra Club, stay out of Indy!

  2. These activist liberal judges have gotten out of control. Thankfully we have a sensible supreme court that overturns their absurd rulings!

  3. Maybe they shouldn't be throwing money at the IRL or whatever they call it now. Probably should save that money for actual operations.

  4. For you central Indiana folks that don't know what a good pizza is, Aurelio's will take care of that. There are some good pizza places in central Indiana but nothing like this!!!

  5. I am troubled with this whole string of comments as I am not sure anyone pointed out that many of the "high paying" positions have been eliminated identified by asterisks as of fiscal year 2012. That indicates to me that the hospitals are making responsible yet difficult decisions and eliminating heavy paying positions. To make this more problematic, we have created a society of "entitlement" where individuals believe they should receive free services at no cost to them. I have yet to get a house repair done at no cost nor have I taken my car that is out of warranty for repair for free repair expecting the government to pay for it even though it is the second largest investment one makes in their life besides purchasing a home. Yet, we continue to hear verbal and aggressive abuse from the consumer who expects free services and have to reward them as a result of HCAHPS surveys which we have no influence over as it is 3rd party required by CMS. Peel the onion and get to the root of the problem...you will find that society has created the problem and our current political landscape and not the people who were fortunate to lead healthcare in the right direction before becoming distorted. As a side note, I had a friend sit in an ED in Canada for nearly two days prior to being evaluated and then finally...3 months later got a CT of the head. You pay for what you get...

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