Attorney General sues 2 firms over Super Bowl rentals
The lawsuit charges that Super Week Lodging and Major Event Rentalz took money up front without providing services or refunds.
Residential Real Estate
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State economy finally gaining traction
Leading indicators for Indiana’s economy are looking up: Banks are increasing lending, real estate developers are pulling the trigger on long-shelved projects, manufacturers are expanding, and consumers are even buying big-ticket items, including automobiles.
West-side apartment complex to house veterans
Lincoln Apartments is set to be built on the city’s west side, near the Richard L. Roudebush VA Medical Center. The project will be financed with $11 million in rental housing tax credits.
New-home construction off to mild start
Building permits filed in the nine-county Indianapolis metropolitan area totaled 194 in January, a 2-percent dip from the same time last year. But industry leaders are cautiously optimistic.
CityWay designed to integrate retail, housing, hotel, YMCA
Architects were told to push the envelope and integrate. Be mindful of where you are in the city and integrate well.
Developer plans $15.7M senior-living center on east side
The city of Indianapolis approved the project after accepting Mainstreet Property Group’s offer to purchase the property at 16th Street and Arlington Avenue for $912,500.
Foreclosure activity edges higher in January
Banks took back more U.S. homes in January than in the previous month, the latest sign that foreclosures are accelerating after slowing sharply last year. Foreclosures were up 69 percent in Indiana compared to January 2011.
Tax credits spur city apartment construction
Increase in federal funding helps developers finance projects that include mixed-income rental housing.
Home-sale agreements for Indy area jump in January
Sales of existing homes in the Indianapolis area are off to a strong start in 2012, with the number of sales agreements increasing 13.4 percent in January compared with the same month a year earlier.
Glick center receives $6.3 million federal grant
The funds will be used to construct a three-story, independent-living facility consisting of 50 one-bedroom units for low-income senior citizens at the neighborhood center on Indianapolis’ northwest side.
New mixed-use project holds promise for building across street
An 82-year-old downtown commercial building that’s had trouble luring tenants is suddenly positioned to thrive courtesy of an $85 million mixed-use project planned for a site right across the street.
Few in Indiana using state fund to avoid foreclosure
A state program created to help Indiana residents avoid foreclosure by providing them with 10-year loans is seeing few takers even though the state's foreclosure rate is among the highest in the nation.
Apartments rev up residential revival downtown
An apartment building spree downtown is getting fresh fuel with an $85 million mixed-use development that will be anchored by a Marsh grocery.
Builder’s bookkeeper gets 18-month sentence for theft
Kim Hutchison, 52, the former treasurer of Greenwood-based J. Greg Allen Builders and Princeton Homes, has been sentenced to 18 months in prison for allegedly stealing more than $446,000 from the now-closed companies.
Marsh to anchor massive new downtown development
A local developer plans to build a Marsh grocery store and hundreds of apartments in an $85 million project that would replace a block and a half of surface parking lots in the northwest quadrant of downtown.
Central Indiana home sales improved slightly in 2011
Closed sales last year inched up 1.2 percent in 13 area counties and jumped 18.3 percent from July through December, bolstered by a 7.2-percent increase during the last month of 2011.
Hundreds of houses available as Super Bowl rentals
Indianapolis-area homeowners are looking to cash in by opening up their homes to visitors for daily prices ranging from about $700 to $9,000, but demand may not come until participants in the big game are settled.
Falling home inventory suggests market is firming up
About 12,000 homes were listed for sale at the end of December in the nine-county central Indiana market, a roughly 18-percent drop from a year earlier.
State auctioning surplus farmland at height of market
Up for grabs are 670 acres of prime farmland southwest of Pendleton between Interstate 69 and U.S. 36.
Indianapolis-area home sales close year on the rise
Home-sale agreements increased 7.9 percent in the nine-county Indianapolis area in December, helping the region eke out an annual gain of less than 1 percent.