2015 Forty Under 40: Micah Hill
Micah Hill, 38, is director of for-sale marketing at Milhaus Development, and has added the role of builders association president.
Residential Real Estate
Articles
U.S. home sales fall off on decline of first-time buyers
The National Association of Realtors said Friday that sales of existing homes rose 2.4 percent last month. But over the course of the entire year, sales fell 3.1 percent.
Boyce promoted to chief exec at Defender Direct
Indianapolis-based Defender Direct Inc. has promoted president Jim Boyce to president and CEO, the residential security company announced Wednesday. Founder and CEO David Lindsey becomes chairman of the board.
U.S. homebuilders have best year since 2005
For all of 2014, U.S. builders started construction on 1.01 million new homes and apartments. It was the first time construction has topped 1 million since the height of the housing boom in 2005.
Area home sales suffer first annual slide since 2010
Existing home sales in the Indianapolis area fell 2.6 percent in 2014, breaking a string of three straight annual increases, real estate agency F.C. Tucker Co. said Thursday morning.
Central Indiana homebuilders have best year since 2007
Homebuilding activity slowed slightly in December, but 2014 still turned out to be the busiest one for builders in the area in seven years.
Blight-elimination bill targets tax-sale investors
Sen. Jim Merritt hopes that his bill would make tax sales a less attractive haven for investors, who he said lack incentives to maintain abandoned and vacant property.
Fire tears through $35M Fishers apartment project
Hamilton County firefighters battled a major blaze Tuesday morning that spread through a $35 million apartment complex that's under construction in Fishers at State Road 37 and 131st Street.
U.S. home sales dropped sharply in November
The combination of higher home prices and relatively stagnant incomes has reduced affordability and restrained buying activity.
Residents uneasy as violations stack up at park
The mobile home community has received more complaints than any other neighborhood in Johnson County, according to county health department administrator John Bonsett.
Local homebuilders have best November since 2007
Builders filed 386 single-family building permits in the nine-county metro area last month. That’s the highest number in November since 500 permits were filed seven years ago.
Sales of existing homes take November slide
The number of sale agreements for existing homes in the nine-county area in November fell 2.8 percent. A shrinking inventory led to higher sale prices.
Flaherty & Collins plans Kokomo apartments aimed at commuters
The Indianapolis-based developer has attracted city and state subsidies to build an upscale apartment development in Kokomo that will cost more than $20 million.
Fishers group snags $2.4M grant for assisted living project
The federal funding will enable AHEPA to convert 24 of 74 units at an area apartment complex into assisted-living housing for low-income disabled seniors.
Three village hubs marked for investment
Great Places 2020 targets intersections that can anchor city’s next walkable villages.
Old school buildings would get new lives under developer’s plans
TWG Development is converting the former Lawrence Central High School into senior apartments and is seeking tax credits to do the same to schools on College Avenue and Lafayette Road.
Area home sales stabilize after rough year
The number of home-sale agreements for the nine-county area in October rose a grand total of two from 2,170 in the same month last year. Sale prices, however, made strong strides.
West Clay legal tangle halts land sales
Last year’s residential building boom in the Village of West Clay has proven to be short-lived, as an ongoing dispute between the developer and its lenders halted land sales in the upscale Carmel neighborhood.
Area homebuilding permits make October jump
Marion County saw a 51-percent surge in permits in October, from 51 to 77. The county is 9 percent ahead of last year’s pace, with 689 filings during the first 10 months of the year.
Milhaus redeveloping Fletcher Place building for HQ
The apartment developer will spend $2.5 million to rehab the vacant building along Virginia Avenue as part of a project that will include 2,400 square feet of retail space.