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Residential Real Estate
Central Indiana home sales improved slightly in 2011
January 24, 2012
Closed sales last year inched up 1.2 percent in 13 area counties and jumped 18.3 percent from July through December, bolstered
by a 7.2-percent increase during the last month of 2011.
MoreFalling home inventory suggests market is firming up
January 21, 2012
Cory SchoutenAbout 12,000 homes were listed for sale at the end of December in the nine-county central Indiana market, a roughly 18-percent
drop from a year earlier.
MoreHundreds of houses available as Super Bowl rentals
January 20, 2012
Scott OlsonIndianapolis-area homeowners are looking to cash in by opening up their homes to visitors for daily prices ranging from about
$700 to $9,000, but demand may not come until participants in the big game are settled.
MoreState auctioning surplus farmland at height of market
January 17, 2012
Tom HartonUp for grabs are 670 acres of prime farmland southwest of Pendleton between Interstate 69 and U.S. 36.
MoreIndianapolis-area home sales close year on the rise
January 13, 2012
Home-sale agreements increased 7.9 percent in the nine-county Indianapolis area in December, helping the region eke out an
annual gain of less than 1 percent.
MoreMetro home-building activity sinks again in 2011
January 11, 2012
Scott OlsonNew-home construction in the Indianapolis area slid in 2011, marking six straight year-over-year declines in residential building.
The 3-percent decrease in building permits, however, was the smallest decrease since 2006.
MoreLocal developer rescues 1913 apartment building from wrecking ball
January 3, 2012
Cory SchoutenA local developer and historic preservation group have teamed up to save a 1913 apartment building near the Children's Museum
from demolition.
MoreProgress slow on variety of metro area deals
December 27, 2011
Tom HartonMany projects we reported on here over the past year are still in progress, confirming that the real estate market is still
sluggish.
MoreReal estate meltdown leaves developers reeling
December 24, 2011
It was another rough year for the real estate sector in 2011, as the homebuilder Estridge filed for bankruptcy, strip-center
specialist Broadbent struggled to hold onto its headquarters, and Centre Properties faced a $43 million foreclosure suit.
MorePark Tudor land purchase puts stop to housing development
December 20, 2011
Tom HartonThe private school recently bought the 5.7 acres north of its campus that Dr. Bill Nunery, a local ophthalmologist, had planned
to develop into an upscale residential enclave known as Grace Hill.
MoreMetro home-building activity down in November
December 16, 2011
In the nine-county metropolitan area, the number of home-construction permits filed last month dropped to 225, a 13-percent
decrease from the same month in 2010.
MoreEast-side apartment complex target of $9M foreclosure
December 13, 2011
A Marion Superior Court judge has approved the appointment of a receiver to manage Lexington Park near North Post Road and
East 38th Street.
MoreCarmel office/retail complex hurt by road project gets second chance
December 13, 2011
Tom HartonMerchants Pointe, a two-building office/retail development at 116th Street and Keystone Parkway, is getting a fresh start
after major road construction drove away tenants and caused a previous owner to default.
MoreArea home-sale deals make November jump
December 12, 2011
The 7.2-percent increase last month in Indianapolis home-sale agreements marks the seventh straight month of year-over-year
increases, according to a report from F.C. Tucker Co.
MoreDeveloper plans 26-story tower along canal
December 10, 2011
Cory SchoutenValparaiso-based Investment Property Advisors wants to build an $83 million apartment project for college students on one
of the last available parcels along downtown’s Central Canal.
MoreKeystone Towers redevelopment could start in April
December 7, 2011
Scott OlsonThe first phase of the $22.5 million project, dubbed The Point on Fall Creek, would involve the construction of 58 apartments.
Another 80 units would follow, complemented by a retail component.
MoreEx-Speedway boss plans 4-lot subdivision on north side
December 6, 2011
Scott OlsonFormer Indianapolis Motor Speedway CEO Tony George and his wife had tried unsuccessfully to sell their 12-acre wooded estate
and now are planning to divide the land into a four-lot subdivision.
MoreNew deals add to robust year in apartment sales
December 6, 2011
Tom HartonThe number of transactions has more than doubled compared with last year, a spike in deal flow caused by healthy occupancy
rates and a combination of ample supply and low borrowing costs.
MoreBuilder, developer partner in turnaround firm
November 29, 2011
Tom HartonProvidence Homes was started earlier this year by Mitch Davis, 42, a former vice president of the now-defunct CP Morgan Homes;
and Brian Mann, 44, managing partner of Mann Properties.
MoreFlaherty nears deal for Cosmopolitan investment
November 22, 2011
Cory SchoutenThe developer of downtown's Cosmopolitan on the Canal is nearing a deal to sell a stake in the building to an investor in
a move that could free up capital to launch a $24 million second phase.
MoreApartment project planned for south end of Monon
November 15, 2011
Tom HartonThe local arm of a California-based developer of affordable housing is planning to invest up to $10 million in a 60-unit complex
at 20th Street and the Monon Trail.
MoreDefault notices, home seizures climb in Indiana, nation
November 10, 2011
IBJ Staff and Bloomberg NewsIndiana outpaced the rest of the nation last month in the number of default notices sent to delinquent homeowners and the
amount of homes seized as U.S. foreclosure filings rose to a seven-month high.
MoreArea home-sale deals show another monthly increase
November 10, 2011
In the nine-county metropolitan area, sale agreements for existing homes climbed nearly 12 percent, to 1,541, in October,
an increase of 163 from the same month last year.
MoreArea residential building permits up in October
November 10, 2011
Scott OlsonDouble-digit increases in permit filings the past three months have residential construction activity in the Indianapolis
metropolitan area in position to surpass last year's pace.
MoreBuyers edging back into Indianapolis commercial real estate
November 5, 2011
Cory SchoutenMost buyers are bottom-fishers, investors looking for better returns or companies wanting their own building.
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We loved lakehouse and think the Arbor Village would be a great location. It is less than 2 miles from over 1000 rooftops in the 225,000 to over 1 million range. Many people could use the great fishers trail system to bike or walk there. Just an idea Scotty -- but maybe something closer to 3 Wiseman would good. The only microbrew in area is Ram (boring)
True, it's an ESPN production, but ESPN is just another name for ABC Sports, or what used to be ABC Sports since ABC Sports no longer exists as a name. ESPN=ABC Sports= ESPN. ESPN is, according to Forbes "the world's most valuable media property" worth $40 billion. Despite that, they fired 400 people this week.
The Prestige was a great flick.
Larry - even though the race is on ABC, ESPN does all of the work, so that is why ESPN is mentioned. Most sports on ABC are called something like "ESPN on ABC."
My oldest daughter graduated from IU with a Secondary Education degree. She graduated with honors and spent 3 years trying to find a teaching job in Indiana. Many of her fellow education degree graduates still don't have teaching jobs. As schools downsize and cut budgets, less teaching jobs are available. I'm not sure I see why we feel the need to bring more teachers to Indiana.