Sales of higher-priced homes nationally have slowed to a glacial pace. In the Indianapolis area, the supply of homes for sale
above $1 million has risen from three year’s worth in 2007 to more than eight year’s worth, according to the Metropolitan
Indianapolis Board of Realtors.
Charter Homes owner Jerry Jaquess fancies himself a white knight for King Park, a neighborhood once known mainly for its rampant
crime, boarded-up homes and vacant lots. But as he’s constructed a slew of homes and carriage houses there, the local
builder has stirred up several lawsuits, dozens of liens and persistent questions about whether his business is legit.
Business partners Dan Adams and Bob Harton left a real estate franchise to start an agency of their own.
Home-sale agreements in the nine-county Indianapolis area dropped 3.1 percent in July over the same month a year ago, according
to a report released yesterday by F.C. Tucker Co.
Affordable
housing developers nationwide are facing a drastically weaker market for tax credits.
David A. Marsh, the former supermarket executive and current president of the Crystal Flash convenience store chain, could
lose his 11,800-square-foot mansion on Geist Reservoir over three defaulted loans.
The Children’s Museum of Indianapolis wants the city to tear down the old Winona Memorial Hospital so it can build a community park and outdoor learning center. A private firm that specializes in environmentally
impaired properties wants to turn the building into senior apartments.
Home-sale agreements in the nine-county Indianapolis area dipped 1.4 percent in June compared to the same month a year
ago, according to a report released today by F.C. Tucker Co.
The merger will give Keller Williams, which entered the local market five years ago, a foothold in Hamilton County, where
Brenwick Realty has been responsible for selling property in Village of WestClay.
The city has unveiled a dramatic plan for new housing and retail development to revitalize the old Market Square Arena site.
Despite some shortcomings, the project deserves a chance to give the stagnant area a boost.
A local architecture firm hopes to challenge hip Mass Ave with an arts-themed development in Fletcher Place. The $9 million
project would include apartments, retail and office space.
In the midst of a $1.2 million campaign to upgrade streets, sidewalks and other neighborhood infrastructure, a coalition of Irvington businesses and residents is launching a unique marketing campaign to tout the neighborhood’s recent enhancements and position it as an alternative to places such as Carmel, Zionsville, Geist and Noblesville.
Local leaders and, soon, a national team of experts, are quietly developing a strategy to revitalize Marion County’s biggest
concentration of brownfield sites and impoverished urban neighborhoods, centered at East 22nd Street and the Monon Trail.
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 local developer is hoping to convert an unfinished eight-story luxury condo project downtown into a mostly affordable apartment
building with its headquarters on the top floor.
Creating a self-contained community on 1,700 acres of farmland could take much longer than the 15 to 20 years Duke Realty
Corp. predicted.
Locally based Flaherty & Collins Properties plans to build retail and residential space on land that surrounds two downtown public housing towers.
Instead of buying and selling, investors with ready cash are buying houses at substantial markdowns, turning them into rental
properties and sitting tight until the market improves.
Sluggish condo sales have led developer Kosene & Kosene Residential to consider turning its latest downtown project, The
Maxwell,
into apartments.
F.C. Tucker Co. has entered into an agreement with Shoopman Home Building Group in which 21 Tucker real estate agents will
staff model homes in seven communities Shoopman is developing.
