What’s old is new again
On this nasty Friday, I’ve got a few updates on previous posts. Hope everyone has a nice weekend. Here goes:
What was Flagstar thinking?
Flagstar Bank has added yet…
Home » Search
Search Results
2,565 results for 'apartments'
- Sort By
-
Date
- Any Time
- Past Day
- Past Week
- Past Month
- Past Year
-
Custom Date Range
Articles
Housing slump puts Gramercy project in Carmel on hold:
The deteriorating housing market and Carmel’s plans to build more roundabouts have led The Buckingham Cos. to put the brakes on its ambitious Gramercy development project. The $500 million project set to begin in the spring now has no timetable. But when construction ultimately commences, it likely will begin with the commercial and retail portions rather than the home-building portion, as was originally planned, said Clyde Lee, a spokesman for the local developer. “They have revised the plans,” Lee said….
Right time for REITs?: Some predict beaten-down sector is ready for another winning streak
For seven years, real estate investment trusts delivered returns that clobbered the overall stock market. Then, last year, the winning streak came to an end. Between January 2007 and January 2008, REITs as a whole lost 24 percent of their value. An index of the companies took a bigger hit than most every other sector. Among local REITs, Duke Realty Corp. was the hardest hit, with its stock price falling 44 percent, from about $41 to $23, during the one-year…
Merrill Tower moving west
Developer Stephen Alexander isn’t fazed by a zoning setback for his $67 million West Merrill Tower. The Metropolitan Development Commission denied his request to vacate an alley…
Rendering for Mass Ave project
What do you think of the proposed replacement for a one-story, township-owned structure on Mass Ave? (Click for a larger version.) The $9 million plan, proposed by…
Businesses eager for canal to be a ‘selling point’ again: Water should be back – and sparkling – soon
For nearly five months, leasing agents at Canal Overlook Apartments have relied on photos and visual aids to show potential renters what a perk a canal view can be. If the would-be renters take a gander now, all they get is a view of a drained Central Canal and workers scraping out decades worth of slime. “It is usually a selling point, but [the cleanup] has been long and it smells bad,” said Lynn Grine, leasing manager for the 125-unit…
MONROE COUNTY
MONROE COUNTY More apartments for B-town Developers are working on plans for several new apartment projects in Bloomington. The college town adds new units virtually every summer, and the latest crop includes several infill projects-many of which will be built atop retail space. Bloomington businessman Rob Friedman has two projects in the works: a 9,400-square-foot […]
Flood of appeals expected after rushed biz property-tax assessment
In 2005, assessors valued the 559-acre Indianapolis Motor Speedway at $34.4 million for property tax purposes. According to
the latest Marion County reassessment, it now has a market value of $170 million. Thousands of other businesses also would
see extraordinary spikes in property values, according to an IBJ analysis of the latest assessment data.Real estate veteran Basile to retire
Frank Basile, one of the city’s veteran real estate executives, plans to retire May 1 after 33 years with Gene B. Glick Co., Glick announced today. Basile is senior vice president in charge of the company’s property management division. The Indianapolis firm manages 17,000 apartments in 11 states. “Frank helped to make our company a […]
Renovated Central Library spawns neighborhood revival
A local developer plans to spend up to $45 million building a “north village of downtown” on several parcels it has assembled
near the Central Library. Buckingham Cos. plans to build apartments, offices, restaurants and retail space-all surrounding
its headquarters in the three-story Stokely-Van Camp building at the southeast corner of Meridian and St. Joseph streets.Indy developers, out-of-town deals
Check out a few of the projects local developers are working on outside Indy:
Kite Realty Group broke ground this week on Eddy Street Commons, a mixed-use village…
Veteran apartment pro starts development firm: Sebree teaming with Thompson Thrift on venture
John Sebree is launching Watermark Residential as a partnership with the owners of Carmel-based Thompson Thrift, a development and construction firm best known for its retail strip center projects. Thompson Thrift was eager to diversify its business, and apartments are as attractive as ever: The subprime mortgage meltdown has reduced the volume of new single-family homes, and the condo market also is hurting. Meanwhile, apartment occupancy rates are sky high in many markets, including Indianapolis, and the prospects for rent…
Zender trying to sell 18 apartment complexes for about $40 million
A locally based property management firm is struggling to find a buyer for its downtown apartment complexes, even as the city’s
rental market continues to thrive. The privately owned Zender Family Limited Partnership, which was founded 38 years ago,
placed its 18-property apartment portfolio up for sale in November.Fun with tax abatements
A couple of development projects that would include tax abatements are up for hearings Wednesday at the Metropolitan Development Commission:
Community Hospital of Indiana Inc. plans to spend $3.7 million updating and expanding…
Update: Monon Place approved
The Metropolitan Development Commission approved a $15-million Broad Ripple redevelopment project by a 9-0 vote this afternoon, disagreeing with a handful of vocal remonstrators. In siding with the developer,…
Developers vie for property by Central Library
Two high-profile property developers are squaring off for the rights to transform a six-story apartment complex adjacent to
the Central Library downtown. Van Rooy Properties and Buckingham Cos. both submitted proposals to redevelop the Ambassador
apartments at 39 E. Ninth St., just north of the library.Rebirth for Ambassador?
Two local developers have submitted bids to redevelop the Ambassador apartments adjacent to the Central Library. Van Rooy and Buckingham both proposed mixed uses for the Ambassador building, with street-level retail and commercial…
Local apartment manager loses contract
Locally based Flaherty & Collins Properties has laid off several employees after losing a management contract for properties in Indiana, Ohio and Michigan. The move comes after California-based AIG Sun America elected to consolidate its property management operations, said Mark Conover, a Flaherty spokesman. The layoffs affected fewer than 10 people, a small portion of […]
Library officials delay Ambassador recommendation
Indianapolis-Marion County Public Library officials yesterday said they need more time to make a recommendation on who should redevelop two library-owned properties adjacent to its flagship downtown branch. Library officials have been reviewing three proposals for both the Ambassador apartment building and property the library owns at 815 and 817 N. Pennsylvania St., now home […]