Former downtown eyesore attracting tenants following major rehab
A 32-unit apartment project on Capitol Avenue, formerly known as the Di Rimini, is leasing up as new ownership finishes fixing all the flaws.
Residential Real Estate
Articles
U.S. pending home sales climb to nine-year high
More Americans signed contracts to purchase homes in May, as pending sales climbed to their highest level since 2006. Signed contracts, however, were down in the Midwest.
Developer pins comeback on $11B project
Sidelined real estate developer Christopher P. White is hoping to make a triumphant return with an $11 billion—yes, $11 billion—proposal for the GM stamping plant site and areas surrounding it.
Supreme Court upholds key tool for fighting housing bias
The Supreme Court handed a surprising victory to the Obama administration and civil rights groups on Thursday when it upheld a law used for more than four decades to fight housing discrimination.
Fountain Square abode is awash in color and playful touches
Fine artist Kyle Ragsdale grew up in Texas and spent years in New Mexico. But when it came time to put down roots in Indianapolis, where he’s lived since the 1990s, he chose the Fountain Square neighborhood.
Hidden gem: Bates-Hendricks neighborhood drawing attention
The blue-collar neighborhood adjacent to Fountain Square suddenly is becoming hip among first-time homebuyers.
Justices suspend Indy lawyer who ran $19M Ponzi scheme
Indianapolis attorney Charles Blackwelder already has pleaded guilty to a real estate scam in Hamilton County that involved more than 300 elderly Hoosiers.
Mixed-use Anson gains momentum after slow start
The Great Recession put the $1 billion Duke Realty Corp. project years behind schedule, but progress picked up again in 2011 and 2012. A tipping point for momentum was the long-anticipated Meijer store’s opening in 2014.
Indy-area home sales hit 4-percent skid in May
Home transactions in Hamilton County posted the biggest decline. But central Indiana sales for the first five months of the year are still up 9 percent from the same period last year.
Irvington officials seeking developer for high-profile parcel
They hope to attract a developer to construct a three-story building with a mix of retail and apartments on the lot along East Washington Street where a historic building once stood.
Local homebuilding activity slides for second straight month
Builders filed 497 single-family permits in the nine-county metropolitan area in May, a 6-percent decrease from May 2014. Permits have fallen on a year-over-year basis for two straight months and in three of the last four.
Mobile home operator accused of discrimination
The Fair Housing Center of Central Indiana this month filed the federal lawsuit against Shiloh Estates in Indianapolis and Colorado-based owner FR Community.
Local not-for-profit buying bulk of Zender apartment portfolio
Merchants Affordable Housing Corp. plans to spend at least $30 million to buy and rehab 10 buildings, most of them north of downtown.
Up-and-down year continues for home builders
Builders filed 492 single-family permits in the nine-county metropolitan area in April, the Builders Association of Greater Indianapolis said Friday. That's a 10-percent decrease from April 2014.
Central Indiana home sales show slight monthly increase
Area home-sale agreements are up 8.9 percent through the first four months of the year compared with the same time period last year.
Lombardo selling local lots to Fischer Homes
Michigan-based Lombardo Homes, which entered the Indianapolis-area market two years ago, is selling nearly 200 local home sites and wrapping up central Indiana operations.
Developer plans $11M apartment project near state fairgrounds
BWI LLC has purchased an industrial property near Fall Creek Parkway and East 38th Street and plans to convert the building into 49 affordable and market-rate units.
Pence passes law to address vacant housing
City officials in Indianapolis are applauding a vacant housing law signed by Indiana Gov. Mike Pence, despite the fact that it won't let municipalities hold banks responsible for upkeep on so-called “zombie homes.”
$32M student housing project proposed near White River
Annex Student Living LLC wants to build a six-story, 248-unit apartment building along West 10th Street on a four-acre parcel the company has agreed to buy.
More Americans spending at least half their pay on housing
The Great Recession caused waves of foreclosures and layoffs that pushed more Americans into renting. More than 36 percent of people now rent, compared with 31 percent before the recession began in late 2007.