Indianapolis businessman Tim Durham has treated Ohio-based Fair Finance Co. almost like a personal bank since buying it seven
years ago, and now he, his partners and related firms owe it more than $168 million, records show.
Startup real estate firm specializes in marketing, digital floor plans and site plans.
A panel of five veterans of real estate and construction provided industry insights at IBJ‘s Power Breakfast May
1 at the Westin Indianapolis.
A panel of five veterans of real estate and construction provided industry insights at IBJ’s Power Breakfast May 1 at the Westin Indianapolis. The panelists were: Mary Beth Kohart, a principal and vice president in the local office of Colliers Turley Martin Tucker; Danny Marr, a partner and principal broker for Veritas Realty; Andrew Morris, […]
Charter Homes recruited and paid buyers to take out inflated mortgages on dozens of central Indiana homes it built, promising to manage the properties as rentals and make payments for the owners, current and former Charter business partners say.
Residential real estate brokers are an optimistic bunch, finding plenty of room for hope even when the outlook is grim.
But lately, many of them are downright giddy, and for good reason: Evidence is mounting that a new $7,500
government incentive for first-time homeowners is starting to push buyers off the sidelines.
Former Conseco Inc. CEO Steve Hilbert says he isn’t the as-yet-unidentified individual who has reached an agreement to buy the Carmel mansion that he built in the 1990s. “We are not involved whatsoever in the purchase,” Hilbert told IBJ. “I have people on the street every day say, ‘Hey, are you going to buy that […]
An individual who does not yet want to be identified has reached an agreement to buy the Carmel mansion that once belonged to Conseco Inc. co-founder Steve Hilbert. This morning Judy Koehler, managing broker for Carpenter Realtors’ Fishers office, confirmed to IBJ that Carpenter Sales Associate Linda Genrich is representing the buyer in the transaction. […]
For Mike Wyman, a devastating fire that gutted the family home during his teen-age years laid the foundation for a rewarding career in construction. The 41-year-old Wyman climbed from carpenter to become a leader of projects at two of the city’s largest commercial developers before launching his own company in 2005. WDG Construction & Development Services Inc. on East Washington Street downtown has since grown into a firm that expects to top $30 million in revenue next year-double this year’s…
So many mortgage opportunities are available over the Internet that the unfolding woes of a single lender, American Home Mortgage Investment Corp., have caused relatively few problems in the Indianapolis area, real estate professionals say. Some buyers have been unable to close home purchases through the Melville, N.Y., giant, but the numbers appear to be […]
The inventory of central Indiana homes for sale is piling up, but the backlog so far hasn’t caused prices to fall, according to experts and industry statistics.
The Indianapolis Airport Authority has begun listing at www.indianapolisairport.com homes it acquired under its nearly decade-old “purchase assurance/sound insulation program.”
After sitting vacant for at least three years, the Illinois Building at the southeast corner of Market and Illinois streets is gaining attention as one historic preservation group tries to forestall any plans that might include tearing it down. The Historic Landmarks Foundation of Indiana added the building to its “10 Most Endangered” landmarks list earlier this year. The group said it’s ringing the alarm bells due in part to what Landmarks employees are hearing. “We have heard from a…
Union supporters have no plans to exterminate the giant rats that have become a common sight downtown, as they continue to pressure certain contractors to pay what they consider fair wages. That is the message from the Indiana/Kentucky Regional Council of Carpenters, the labor organization that has adopted the rodent as its mascot for a campaign targeting various downtown construction projects. Organizers said the effort is twofold: to create public awareness that union contractors are losing work, and to better…
A local investment firm hoping to capitalize on a resurgent near-north side is planning a 50-home, privately funded redevelopment project in the blocks surrounding Martin Luther King Jr. Memorial Park. Homevestors LLC, led by husband and wife Jerry and Carole Jaquess, has applied for city approval to build 50 single-family homes between 16th and 22nd streets just south of Fall Creek Place. “It’s the next logical area” for redevelopment, said Jerry Jaquess, a general contractor. Jaquess’ partnership is not affiliated…
A long-vacant downtown nursing home is about to find new life as affordable housing. The Indiana division of the Salvation Army plans to convert the Barton House on the northeast corner of Delaware and Michigan streets into 30 apartments for lowincome families and space for some of the organization’s programs. The Salvation Army purchased Barton House and Carpenter apartments, its neighbor to the east, for about $500,000 each in late 1999, said Maj. Dennis Strissel, the Salvation Army’s divisional commander…
Armed with a stack of market research chock full of industry sales figures, Tom Prall says he’s certain Carpenter Realtors will carry on just fine without any outside assistance. Prall has led the south-side residential real estate agency the past 30 years and recently guided its divestiture from national franchise GMAC, a division of Detroitbased General Motors Corp. With the contentious split behind him, the former Marine first lieutenant, who served in South Vietnam, is poised to navigate Carpenter through…
