Residential Real Estate

Skywalk adds architectural element to senior-housing project

September 24, 2013
Scott Olson
Two four-story structures, at the southwest and northwest corners of 30th and Clifton streets, will be built as part of a $10.7 million project that will include 57 units linked by an elevated walkway.
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IBJ Real Estate Power Breakfast transcriptRestricted Content

September 21, 2013
Indianapolis Business Journal gathered leaders in the state's commercial real estate and construction industry for a Power Breakfast panel discussion Sept. 13. The following is an unedited transcript of the discussion.
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Indianapolis apartment construction soars skywardRestricted Content

September 21, 2013
Scott Olson
The downtown rental market is booming, but is a slowdown coming?
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Colliers expands multifamily-brokerage teamRestricted Content

September 21, 2013
 IBJ Staff
The additions joining Michael Drew, who had been the office’s loan investment and multifamily broker, are team leader Michael H. Wernke, in addition to Cory Detamore, Evan Bryant and Maria Stein.
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U.S. home sales hit six-year high, but could slow soon

September 20, 2013
Associated Press
August sales reflect contracts signed in June and July, when mortgage rates were rising steadily. A Realtors group cautioned that buyer traffic dropped off significantly in August. That points to fewer sales in the fall.
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Indianapolis-area homebuilding filings rise 13 percent

September 18, 2013
 IBJ Staff and Associated Press
Single-family-building permit filings in the nine-county area saw their 14th straight month of year-over-year increases in August, the Builders Association of Greater Indianapolis announced Wednesday.
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Area home sales creep up after faltering in July

September 16, 2013
 IBJ Staff
The 3-percent bump last month was cause for relief after pending agreements in July broke a two-year streak of gains.
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Noblesville to developers: Pay fee, cut open space near parks

September 14, 2013
Andrea Muirragui Davis
Common Council members this month approved changes in the city’s land-use law that will allow residential developers within a half-mile of public parks to set aside less property as open space—for a price.
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Investor home purchases raise rental concerns

September 7, 2013
Associated Press
Thousands of houses in Indianapolis and surrounding counties have been bought by investors in the past year, driving up prices and fueling residents' worries about what the future holds for their neighborhoods.
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Whitsett changes name; Milhaus launches divisionRestricted Content

September 7, 2013
The Whitsett Group LLC has changed its name to TWG Development LLC, and Milhaus has created a division to manage properties it develops.
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City targets east-side parcel for housing development

September 3, 2013
Scott Olson
The city hopes to seek bids to redevelop land along East Washington Street that is part of the four-acre P.R. Mallory industrial complex. Real estate experts say an affordable housing project might make the most sense.
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New homebuilders take root in Indy after downturn

August 31, 2013
Scott Olson
Out-of-state builders scooped up lots during the housing downturn, and now are watching their gambles pay off as they become major local players.
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Carmel home has a room for everythingRestricted Content

August 31, 2013
Sam Stall
Rich and Renee Ackley's home live both large and small, large because of its 10,000 square feet, and small because of its "fairy garden."
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Indianapolis-area housing statistics

August 31, 2013
A detailed look at home sales and demographics.
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Wynkoop is top-selling local real estate agentRestricted Content

August 31, 2013
Scott Wynkoop placed first for a second year in a row in IBJ’s annual list of All-Star Agents. Wynkoop sold $56.9 million worth of homes in 2011 and 2012, up from the $45.7 million he sold in 2010 and 2011.
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Bif Ward leads real estate teams list yet againRestricted Content

August 31, 2013
Count ’em. Five years in a row that Bif Ward has led the All-Star Teams. In 2011 and 2012, the F.C. Tucker Co. team raked in $104.5 million, up from $94.5 million in 2010 and 2011.
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Johnson County, Franklin near end of buyouts after 2008 flood

August 30, 2013
Associated Press
After the final buyouts, a total of 107 homes will have been razed with about $8.5 million in federal funds.
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Developers roll out pair of homeless-housing projectsRestricted Content

August 24, 2013
Scott Olson
Two proposals to add much-needed downtown housing for the homeless have the support of city officials, but one of the projects is drawing stiff resistance from neighbors concerned that it will create a host of safety issues.
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City files nuisance suits against apartments

August 20, 2013
Mason King
The two west-side apartment complexes have generated more than 3,200 police runs since 2008, according to the lawsuits. One owner told IBJ on Tuesday he would work with the city to make improvements.
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$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?Restricted Content

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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