Indianapolis last year sold 154 properties from its land bank for $1,000 each to a novice not-for-profit, which immediately flipped them for a total $500,000 profit. More than a dozen have changed hands multiple times since then, making investors more than $1 million. (with interactive map)
PulteGroup Inc. has purchased 24 acres in the Anson development near Whitestown in Boone County and plans to build 36 homes. Long-range plans call for 255 homes on 145 acres.
Trinitas Ventures of West Lafayette plans to break ground next spring on a $20 million student housing project on Indiana Avenue with 214 units. The developer already has built 253 units on the site.
A look at housing sales, mortgage rates and home ownership trends. Also included are the most expensive home sold during the third quarter and examples of what $300,000 can buy.
Frank and Katrina Basile’s Lake Clearwater abode is (almost) filled with art from The Big Easy.
New-home construction is on track to rise more than 10 percent this year in the nine-county Indianapolis area.
David M. Parry was known a century ago for his hatred of labor unions and for the cars he built, but he also made his mark with the Golden Hill estate he organized near White River. Today, the home at 3650 Spring Hollow is for sale at $600,000. The house is in mostly original condition but needs a comprehensive restoration.
A directory of landscape companies in the Indianapolis area.
A directory of landscape architects headquartered in the Indianapolis area.
The most striking feature of a proposed $43-million development along Mass Ave is a Times Square-style electronic screen that would wrap around the building's corner and rise more than three stories.
Indianapolis-area apartment occupancy and rent rates should continue to grow in 2013, albeit at a slower pace, as developers finish more units and the single-family market picks up steam, the locally based apartment brokerage Tikijian Associates predicts in a new report.
Developers are one step closer to building a $9 million apartment project to replace a blighted former hotel in Irvington.
Home-sale agreements in the nine-county Indianapolis area rose 3.8 percent in September, the 17th consecutive month of improvement in sales contracts.
Home builders in the Indianapolis area filed 339 permits in September, bringing the total to 3,191 through the first nine months, an 11-percent increase from the same period last year.
The local developer has agreed to purchase the former Mitchell & Scott industrial complex in the 600 block of College Avenue and is in the process of pulling together a plan for the site.
Home-security and satellite-dish installer Defender Direct Inc. has acquired local heating, cooling and plumbing powerhouse Williams Comfort Air, creating a home-services company with nearly 2,200 employees and $335 million in annual revenue.
Teagen Development Inc. has a purchase agreement for the 6,600-square-foot building at 1101 N. College Ave., rescuing it from an attempt—since withdrawn—to demolish the structure.
A high-end apartment project and neighborhood retail center are scheduled to break ground soon as the first components of the retooled Fishers Marketplace development at State Road 37 and 131st Street.
The Whitsett Group plans to invest $6.5 million to convert the building on East 46th Street into 60 senior housing units. The Lawrence Township school district put the structure on the block, and Whitsett submitted the winning bid.
Mainstreet Property Group LLC plans to build a 100-bed facility at 16th Street and Arlington Avenue on nine acres where Raytheon Technical Services Co. LLC once operated.
