Residential Real Estate

One Mass Ave project starts; another one is in limbo

November 13, 2012
Tom Harton
Insight Development has begun building an $11.5 million, 61-unit apartment project at Massachusetts Avenue and East and North streets. But  the fate of the second phase is up in the air because its financing had been tied to a project Insight and Flaherty & Collins Properties had hoped to develop across Mass Ave at the site of the Indianapolis Fire Department headquarters.
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Simon spared no expense with Manhattan residenceRestricted Content

November 10, 2012
Greg Andrews
The $25 million purchase ranked as the 12th-largest residential sale in New York City last year, according to the real estate website Curbed NY.
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Area home-building permit filings surge 46 percent

November 8, 2012
The Builders Association of Greater Indianapolis said October's jump marked the biggest year-over-year increase this year. Activity was strongest in Hamilton and Hendricks counties.
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Buffett-owned residential brokerage network to have presence here

November 6, 2012
Tom Harton
Omaha-based Berkshire Hathaway Inc., through its HomeServices of America unit, bought a majority stake in the Prudential and Real Living real estate franchises from Brookfield Asset Management.
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City bans bulk land-bank sales after lopsided deal with not-for-profit

November 3, 2012
Cory Schouten
Indianapolis last year sold 154 properties from its land bank for $1,000 each to a novice not-for-profit, which immediately flipped them for a total $500,000 profit. More than a dozen have changed hands multiple times since then, making investors more than $1 million. (with interactive map)
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PulteGroup plans new neighborhood in Anson

November 1, 2012
PulteGroup Inc. has purchased 24 acres in the Anson development near Whitestown in Boone County and plans to build 36 homes. Long-range plans call for 255 homes on 145 acres.
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Indy-area homebuilding bouncing backRestricted Content

October 27, 2012
Cory Schouten
New-home construction is on track to rise more than 10 percent this year in the nine-county Indianapolis area.
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Bringing New Orleans home to IndianapolisRestricted Content

October 27, 2012
Katie Maurer
Frank and Katrina Basile's Lake Clearwater abode is (almost) filled with art from The Big Easy.
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At Home Quarterly: Housing marketplace stats

October 27, 2012
 IBJ Staff
A look at housing sales, mortgage rates and home ownership trends. Also included are the most expensive home sold during the third quarter and examples of what $300,000 can buy.
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History on the block: 3650 Spring Hollow

October 27, 2012
 IBJ Staff
David M. Parry was known a century ago for his hatred of labor unions and for the cars he built, but he also made his mark with the Golden Hill estate he organized near White River. Today, the home at 3650 Spring Hollow is for sale at $600,000. The house is in mostly original condition but needs a comprehensive restoration.
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Indianapolis-area landscape architects directory

October 27, 2012
 IBJ Staff
A directory of landscape architects headquartered in the Indianapolis area.
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Indianapolis-area landscape companies directory

October 27, 2012
 IBJ Staff
A directory of landscape companies in the Indianapolis area.
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Developer gets OK for second phase of apartment project

October 26, 2012
Scott Olson
Trinitas Ventures of West Lafayette plans to break ground next spring on a $20 million student housing project on Indiana Avenue with 214 units. The developer already has built 253 units on the site.
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Focal point for Mass Ave project: Huge electronic screen

October 25, 2012
Cory Schouten
The most striking feature of a proposed $43-million development along Mass Ave is a Times Square-style electronic screen that would wrap around the building's corner and rise more than three stories.
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Report: Apartment gains could cool in 2013

October 23, 2012
Cory Schouten
Indianapolis-area apartment occupancy and rent rates should continue to grow in 2013, albeit at a slower pace, as developers finish more units and the single-family market picks up steam, the locally based apartment brokerage Tikijian Associates predicts in a new report.
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Developer secures financing for $9M Irvington project

October 18, 2012
 IBJ Staff
Developers are one step closer to building a $9 million apartment project to replace a blighted former hotel in Irvington.
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Area home-sale deals rise for 17th straight month

October 15, 2012
 IBJ Staff
Home-sale agreements in the nine-county Indianapolis area rose 3.8 percent in September, the 17th consecutive month of improvement in sales contracts.
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Metro-area building permits rise in September

October 10, 2012
Home builders in the Indianapolis area filed 339 permits in September, bringing the total to 3,191 through the first nine months, an 11-percent increase from the same period last year.
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Milhaus buying site for more downtown apartments

October 9, 2012
Tom Harton
The local developer has agreed to purchase the former Mitchell & Scott industrial complex in the 600 block of College Avenue and is in the process of pulling together a plan for the site.
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Defender Direct acquires Williams Comfort Air

October 3, 2012
Scott Olson
Home-security and satellite-dish installer Defender Direct Inc. has acquired local heating, cooling and plumbing powerhouse Williams Comfort Air, creating a home-services company with nearly 2,200 employees and $335 million in annual revenue.
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Developer targets long-empty College Avenue retail building

October 2, 2012
Tom Harton
Teagen Development Inc. has a purchase agreement for the 6,600-square-foot building at 1101 N. College Ave., rescuing it from an attempt—since withdrawn—to demolish the structure.
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Fishers Marketplace gets new life under Thompson Thrift

September 25, 2012
Tom Harton
A high-end apartment project and neighborhood retail center are scheduled to break ground soon as the first components of the retooled Fishers Marketplace development at State Road 37 and 131st Street.
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Indianapolis set for sweeping zoning overhaulRestricted Content

September 22, 2012
Cory Schouten
Code dating to 1969 to be updated to encourage density, sustainability and mass transit.
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VON DEYLEN: Stay the path toward revitalized Fountain SquareRestricted Content

September 22, 2012
Craig Von Deylen / Special to IBJ
What most people consider Fountain Square is actually a combination of three neighborhoods: Fountain Square, Fletcher Place and Holy Rosary. In 2005, I started working on my first project in this area, and it has changed the direction of my professional path in just about every way possible.
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Senior housing slated for old Lawrence school building

September 21, 2012
Scott Olson
The Whitsett Group plans to invest $6.5 million to convert the building on East 46th Street into 60 senior housing units. The Lawrence Township school district put the structure on the block, and Whitsett submitted the winning bid.
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  1. OK Larry, let's sign Lance, shore up the PG and let's get to the finals.

  2. A couple of issues need some clarification especially since my name was on the list. I am not sure how this information was obtained and from where. For me, the amount was incorrect to begin with and the money does not come to me personally. I am guessing that the names listed are the Principal Investigators (individual responsible for the conduct of the trail) for the different pharmaceutical trials and not the entity which receives the checks. In my case, I participate in Phase II and Phase III trials which are required for new drug development. Your article should differentiate the amount of money received for consulting, for speaking fees, and for conduct of a clinical trial for new drug development. The lumping of all of these categories may give the reader a false impression of physicians just trying to get rich. The Sunshine Law may help to differentiate these categories in the future. The public should be aware that the Clinical Trial Industry could be a real economic driver for Indiana since these revenues supports jobs and new job creation. Nationally, this account for 10-20 billion which our State is missing out on to a large degree. Yes, new drug and technology development has gotten most of the attention (e.g. CTSI, BioCrossroads, etc.) However, serious money is being left on the table by not participating in the clinical trials to get those new drugs and medical devices on the market!!!! I guess that this is not sexy enough for academia.

  3. The address given for the Goldfish Swim Club is the Ace Hardware, is it closing?

  4. Out of state management and ownership. If Kite controlled it, everything would be leased. Of course, due to the roundabout, there is limited access to the south side of 116th now also. Just have to go down to the light.

  5. Hey smudge, You're opposed to arresting people for minor crimes? Sounds great! We should only focus on murders and such, right? Let's stand around and wait until someone shoots someone before we act. Whatever we do, we should never question anyone, frisk anyone, or arrest anyone unless they are actively engaged in shooting or stabbing. Very sound!

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