Housing construction jumps to 9-month high
Housing construction rose in August to the highest level in nine months as a big surge in apartment building offset a decline
in single-family activity.
Housing construction rose in August to the highest level in nine months as a big surge in apartment building offset a decline
in single-family activity.
A local real estate veteran who had planned to retire has instead jumped back into the game with the purchase of two vacant
downtown properties he plans to convert to market-rate apartments.
The Historic Landmarks Foundation of Indiana is set to return to its headquarters in downtown Indianapolis tomorrow, six
months after a fire at a neighboring apartment project displaced the not-for-profit.
The Indiana Division of Aging wants to change Medicaid rates to nursing homes to reward quality care and penalize the lack
of it, leaving the industry divided over whether to support the groundbreaking rule or to seek revisions and a slower phase-in.
The Indianapolis Metropolitan Development Commission approved a 10-year tax abatement Wednesday afternoon for a controversial
public-private plan to redevelop a vacant downtown office building.
A troubled low-income housing project has a new owner with plans to redevelop the complex to better
connect with the Herron Morton Place neighborhood. Next door, Kroger has revived efforts to acquire
land and plan a new supermarket to replace a cramped, old-format location.
Bloomington Mayor Mark Kruzan believes this beloved college town loses a bit of its identity every time a national chain sets up shop.
Applications for home-building permits, a gauge of future construction, fell in September by the largest amount in five months.
Yats plans to open a new restaurant and bar concept in the first floor of the The Ambassador apartment building next to the
Central Library.
Just about every player in the real estate business—whether individual investor, private-equity fund or publicly
traded company—is trying to raise capital to take advantage of what they see as an inevitable shakeout in commercial
property.
Locally based Barrett & Stokely Inc. has taken over management of The Maxwell Apartments downtown at 530 E. Ohio St. The community
already is about 50 percent occupied.
Architect and developer Craig Von Deylen hopes to close by next week on the purchase of the Murphy Arts Center in Fountain
Square and is in the process of signing new tenants, including the Indianapolis Museum of Contemporary Art.
Four properties for sale along a two-block stretch of East Market Street downtown are likely to offer the first signs of what’s
in store for an area real estate brokers think will get a boost from the recent removal of the Market Street interstate ramp.
The city has agreed to hand over architectural artifacts from a landmark downtown building to a historic preservation group.
The city has agreed to hand over architectural artifacts from a landmark downtown building to a historic preservation group. The Historic Landmarks Foundation of Indiana plans to auction off pieces from the parapet that once stood atop the Indianapolis News-Goodman Jewelers Building along Washington Street. The building, just east of the Conrad Hotel, now is […]
Van Rooy Properties plans to spend $5.5 million renovating a 277-unit west side apartment complex that it acquired a month
ago in an unusual deal.
1380 Saylor LLC, an affiliate of Los Angeles-based real estate investment fund QVT Mount Auburn Capital LP, bought the 166-unit
Quail Run apartment complex in Zionsville. Bluestone Property Management, an owner and manager of apartments in the Midwest,
is an investor. The seller was Apartment Investment Management Co., one of the nation’s largest apartment owners. The
property was listed with Tikijian Associates, which brokered the deal.
The Commerce Department said Wednesday that construction of new homes and apartments fell 10.6 percent in October, to the
lowest level since April.
Multifamily housing may not benefit anytime soon from falling rates of homeownership.