Home builder officially declares bankruptcy
Indianapolis home builder Hansen & Horn Group Inc. has officially declared bankruptcy after owners agreed to liquidate the
company earlier this month.
Residential Real Estate
Articles
Former Summit House apartment tower sold
The landmark apartment building at 38th and Meridian streets formerly known as Summit House has been purchased by a pair of Chicago investors who plan to invest “a significant amount of capital” into the 20-story tower.
Local luxury home sales jumped in February
Luxury home sales in central Indiana surged in February despite an overall decline in home sales, Re/Max of Indiana reported
Monday morning.
Carpenter Realtors trots out smart phone technology
Specialized bar codes will be on Carpenter materials ranging from print advertisements to yard signs.
Indianapolis Housing Agency pulls off big tax credit deal
City agency plans renovations, expansions at eight apartment properties.
Area home sales, prices show increase
The housing market could be awakening from its deep sleep, if February home-sale agreement figures are any indication.
Delta Faucet cutting 40 more jobs at Greensburg plant
The Carmel-based company said its decision to consolidate machining activities at a plant in Tennessee is driven by weak retail
sales and a sluggish housing market.
Huge tax-credit deal will fund rehab of 538 apartment units
The largest tax credit deal in state history will fund the rehabilitation of 538 apartments in four complexes owned
by the Indianapolis Housing Agency.
Magazine names Fishers ‘top affordable suburb’
The Bloomberg BusinessWeek survey gives the town north of Indianapolis high grades for “livability, safety, education, and economic performance.”
Judge signs off on Hansen & Horn liquidation
A court-appointed receiver can begin selling the assets of troubled home builder Hansen & Horn Group Inc., after a judge approved
its liquidation on Wednesday.
Mass Ave project works toward April approval
Trail Side on Mass Ave would include 69 one-bedroom apartments and about 23,000 square feet of ground-level retail space.
Construction spending falls again
Construction spending fell for a third straight month in January as a slight rebound in housing was not enough to offset widespread
weakness in a number of commercial areas.
Disagreement about parking delays project on Meridian Street
A local developer’s plans to renovate a long-vacant and graffiti-covered 1915 building have hit a snag.
Redevelopment planned for site of former juvenile facility
King Park Area Development Corp. is preparing to approach developers interested in submitting plans for the 1.8-acre site, the equivalent of about eight residential lots.
Restoration planned for landmark Old Centrum property
The Historic Landmarks Foundation of Indiana plans to acquire the Romanesque Revival former church and is considering moving
its headquarters there.
Receiver: Insolvent Hansen & Horn should be liquidated
The troubled home builder’s $14.5 million in liabilities are twice as much as its assets, receiver tells Marion County judge,
who takes the recommendation under advisement.
Metro-area home sales plummet
January home sales in the nine-county Indianapolis area fell 16.5 percent from the same month last year, according to a report
from Re/Max of Indiana. But the housing news wasn’t all bad. The average price of a home in the area jumped 12.1 percent.
Apartment developer plans 217 units in Lawrence
J.C. Hart Co. is designing plans for a $17 million upscale apartment community as part of the master-planned Lawrence Village
at the Fort.
Urban Land Institute chapter launches in Indianapolis
Chapter, heavily populated by developers, hopes to guide sustainable development.
Westfield lumber company part of acquisition
Hall & House Lumber Co. in Westfield will become part of one of the largest distributors of lumber and building materials
in the nation, once the purchase of its parent is completed next month.