Residential Real Estate

Veteran residential launches own real estate firmRestricted Content

March 30, 2013
 IBJ Staff
Joe Everhart, who had spent 20 years at the Sycamore Group, opened his own business at 716 Massachusetts Ave.
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Land prices creeping up after collapsing in bustRestricted Content

March 30, 2013
Scott Olson
Ultra-cheap residential land is disappearing quickly as home-building activity rebounds from the Great Recession.
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Boomerang comes back with plans for Noblesville subdivision

March 29, 2013
Andrea Muirragui Davis
A local developer is moving forward with plans to build a 144-lot subdivision in Noblesville—the first such project city officials have OK’d since approving another proposal for the same property in 2007.
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Desirable homes selling fast in Indianapolis areaRestricted Content

March 23, 2013
Cory Schouten
A confluence of circumstances has led to a spurt of sales that sometimes occur within days.
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Architect designs home to grow with his familyRestricted Content

March 23, 2013
Sam Stall
Architect Chris Lake’s Zionsville home is a work in progress, and probably always will be.
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At Home Quarterly: Marketplace

March 23, 2013
 IBJ Staff
Indianapolis-area statistics on home sales, demographic trends and more.
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Area home sales rose 8.1 percent in February

March 13, 2013
Purchase agreements for existing homes totaled 2,034 in February, up from 1,882 in the same month a year earlier, Indianapolis-based real estate agency F.C. Tucker Co. Inc. reported.
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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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