Kentucky-based construction wholesaler expanding to Indianapolis
The Lexington-based company will occupy an 83,000-square-foot building on the northwest side of Indianapolis and plans to hire 30 workers over the next six months.
Residential Real Estate
Articles
City’s rebranded land bank aims to be more strategic in property redevelopment
Over the past several months, Indianapolis leaders have been staking colorful signs into the yards of city-owned vacant properties in what amounts to a promise to neighbors that they plan to put the properties back on the tax rolls.
Purdue plans to spend $70M for downtown Indianapolis apartment property
The market-rate apartment complex, which is almost fully leased, is a four-story, 400,000-square-foot property that occupies an entire city block.
Noblesville City Council OKs plan for more than 300 new houses
Fishers-based Boomerang Development LLC and the Indianapolis offices of David Weekley Homes and Lennar Homes of Indiana are involved in the project.
FTC sues Zillow, Redfin over deal it says suppressed competition in rental ads
The Federal Trade Commission argues said the companies’ “unlawful scheme” maybe reduce incentives for further competition, and could lead to higher prices and fewer choices for multifamily rental advertising customers.
Profit margin on flipping a home hits 17-year low, report says
A chronic shortage of homes on the market and heightened competition for lower-priced properties are helping drive up investors’ acquisition costs.
New-home applications see sharp August decline in central Indiana
The year-over-year decline in single-family building permits was the first since March in the nine-county area.
Existing-home sales in central Indiana see August jump
Improved mortgage rates and a larger selection of houses on the market led to an increase in home buying in the Indianapolis area last month.
Average rate on 30-year mortgage falls again, dips to lowest level in almost a year
Mortgage rates have been mostly declining since late July amid expectations that Federal Reserve would cut rates for the first time since last year.
Henke Development proposes community with 360 homes in Zionsville
If approved, Maple Lane Club of Bradley Ridge would be Henke Development’s fourth major residential project in Zionsville.
Carmel estate of late Colts owner Jim Irsay sold for $11.75M
The 9.4-acre property was listed July 30 for $12 million and a sale was pending five days later. The property bordering Crooked Stick Golf Club features a 25,843-square-foot main residence and a 2,700-square-foot guest house.
Average rate on a 30-year mortgage falls to lowest level in nearly a year
Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also fell.
Westfield City Council approves Onyx+East plan for 120 houses near Monon Trail
Plans call for houses in the 39-acre development to be priced from more than $500,000 to over $1 million.
Four years after first proposed, Monon 30 has one building open
Four years after the project was first proposed, the group is still submitting and altering plans for the rest of the project on several former industrial properties along the Monon Trail.
UPDATE: Indiana lakefront estate of Jim Irsay hits market for $19.9M
The nearly 6-acre estate includes an entertainment complex with bowling alley, an indoor pool house, a guest house and an eight-car garage. It is among at least four estates that were owned by Irsay to hit the market in Indiana since his death.
Developer updates plan for 300-plus houses on east side of Noblesville
Boomerang Development LLC previously introduced plans for 124-acre Parks at Crossroads in May, but councilors had concerns about the project.
Apartment project with 261 units of workforce housing planned on far-west side
Raceway Development Partners LLC intends to construct the six-building project on nearly 11 acres on the western edge of Marion County.
Former pharmaceutical exec’s Zionsville home hits market for $11.9M
The 18-acre estate features a 14,200-square-foot residence with five bedrooms and eight bathrooms, as well as a guest house.
New-home applications in central Indiana rise for 4th straight month
Hancock, Boone and Hendricks experienced significant increases in single-family building permits.
Multimillion-dollar estate sales present unique hurdles
A complicated and delicate dance takes place whenever an estate the scale of the one owned by the late Indianapolis Colts owner Jim Irsay hits the market as it did last month.