John Jacobs and a Cleveland-based partner have put a Friday deadline on offers for the 62-unit Richelieu apartments, a two-building
property at the intersection of North and East streets and Mass Ave.
Overseeing a portfolio filled with deteriorating loans is downright
excruciating, as lending officers who’ve lived through the carnage of the recession can attest. Rob Tolle apparently
cracked under the pressure.
Two high-profile apartment projects that were denied tax-credit funding in March recently were awarded the millions of dollars in credits they need to proceed.
Police have broken up a group of teenagers they believe robbed and beat residents of a west-side apartment complex. A 16-year-old
was arrested Thursday morning after a woman reported three youths robbed her at gunpoint while she was walking into her home
on Lakeview Drive. An officer spotted the suspects in a neighboring complex. They’re now trying to link the trio to
several other reports of burglaries, robberies and assaults at Port-O-Call Apartments.
Estridge Cos.’ subcontractors have invested $10 million into the firm led by COO Matt Cohoat and CEO Paul Estridge Jr.—an
infusion that paves the way for them to proceed with
a massive development in Westfield.
Auction turns up no buyers for the former home of the commanding general at Fort Benjamin Harrison and four condominiums at
the old Army base.
Will the latest ambitious downtown development proposal finally master the formula for transforming a downtown surface parking
lot?
Pittsburgh-based PNC Bank has filed to foreclose on the historic five-story Janus Lofts building at 240 S. Meridian St.
The Estridge Cos., a Carmel-based home builder, will present details of the massive project—mixing condos, apartments
and retail with a $15 million stadium—at a public hearing
Monday evening.
May saw a 17-percent decline in the single-family home market, which had benefited earlier in the year from federal tax credits.
It was the largest monthly drop in single-family construction since January 1991.
The developers repairing two long-vacant buildings at Washington and Meridian streets has released a new rendering of the
project.
Workers are restoring facades on two empty buildings along Washington Street just east of Meridian Street as part
of
a
retail
and residential redevelopment.
A local group has begun restoration of two long-vacant buildings along Washington Street just east of Meridian Street.
Indianapolis police are looking for two men who held up numerous people early Tuesday on the west side of Indianapolis. Police
say two of the victims were talking inside a car at the Cambridge Station Apartments of West 10th Street when they were approached
by the men with guns. The men took cash and cell phones before forcing an 18-year-old to open the door of a basement apartment.
The men then robbed three women in that apartment, taking money and cell phones. Police say one man also took an Xbox by shoving
it into a purple Hannah Montana bag. One suspect was wearing a rainbow polka-dot shirt. Both were wearing Jabbawockeez masks.
Fox59 will have more at 4 p.m.
Indianapolis developer Buckingham Cos. is in discussions to build a mixed-use development that could include apartments, shops,
office space, and a hotel and conference center.
The former home of the commanding general at Fort Benjamin Harrison and four condominiums at the old army base are being auctioned June 17, a reflection of the difficulty of selling high-end condos in a soft real estate market.
A former Indianapolis police officer suspected of setting a series of fires in apartments and vehicles has been charged with
six counts of arson. The charges filed Wednesday accuse 31-year-old Jesse Russell of setting fires in clubhouses of two apartment
complexes and in a vacant apartment in a third complex. Marion County prosecutors also say Russell set fire to a box truck
and the "Chicken Limo." Fox59 will have more at 4 p.m.
New U.S. Environmental Protection Agency rules force precautions on paint chips, dust.
A former elementary school built in 1905 is getting a new use for the second time since the last schoolchildren departed
in 1979.
Police say a fight over a girl was the possible cause of a shooting overnight that severely injured two 15-year-old boys.
The shooting happened about midnight in the courtyard at Linwood Square Apartments on the east side of Indianapolis. Police
say one of the boys was shot in the back, severing his spine. Detectives say the other was shot in the leg. Both were taken
to Riley Hospital. Police are looking for suspects.
