The recession officially ended more than two years ago. But the number of local construction jobs is still down 27 percent from 2007 levels. Will the industry ever feel relief? Some segments might not recover in a big way until 2013.
Paul M. Pittman, one of four principals in a troubled Indianapolis-based condo developer, filed personal bankruptcy this week.
Paul Estridge Jr. owes a list of creditors including banks, suppliers and vendors more than $50 million, but has assets of less than $5 million, he said.
Warren Buffett joined other investors and Indianapolis community leaders Wednesday morning for a ribbon-cutting ceremony at the $27 million East Village at Avondale apartment project.
A developer that wants to replace a vacant Irvington motel with an $8.7 million apartment building could get permission as early as next week to clear the site for redevelopment.
Eden Collaborative, the three-man company Adam Thies founded in 2004, is working to revitalize St. Clair Place on Indianapolis’ east side, among other projects.
Indiana has $221 million to give to unemployed people who are struggling to cover their mortgage payments. Recipients have to take part in job-training, go back to school, or agree to volunteer through HoosierCorps.
King Park Area Development Corp. is partnering with an Indianapolis developer on an $8.7 million residential project to improve a blighted parcel along the trail.
A great nephew says he's talking with people in Greencastle and two out-of-state locations about sites for his collection of Dillinger items and possibly the farmhouse that is now in Dillinger’s hometown of Mooresville.
Default notices sent to delinquent U.S. homeowners surged 33 percent in August from the previous month, a sign that lenders are speeding up the foreclosure process. Indiana saw an increase of 46 percent, a bigger rise than every state except California.
Home-construction permits in the Indianapolis metropolitan area climbed 23 percent in August thanks to a surge of activity in suburban counties.
Crown Property Group is issuing a request for proposals for two East Market Street buildings that now are used for office space.
Pending home sales in the nine-county metropolitan area climbed 7 percent in August compared with the same month a year ago, marking the fourth straight month of year-over-year increases.
Many neighborhood leaders have hailed Mayor Greg Ballard’s initiative to raze some 2,000 abandoned homes by the end of 2012 as a long-overdue means of tackling urban blight. But some residents and experts fear rampant demolition—without a clear plan for how to redevelop the properties—will fail to improve neighborhoods.
Johnson County officials have been working to buy about 40 flooded properties in an area a few miles west of Greenwood, so they can be demolished.
Kim Hutchinson, former treasurer of J. Greg Allen Builders and Princeton Homes, agreed to plead guilty to stealing $446,419. Her cooperation likely will result in a lighter sentence of 30 to 40 months.
Gene B. Glick Co.’s purchase of the 240-unit Thompson Village apartment complex on the south side is the most recent deal in a year full of apartment transactions.
Brian Eads faces a maximum of 30 years in prison by engaging in transactions of more than $10,000 with criminally derived proceeds from properties bought at sheriff’s sales.
A local developer has acquired the northwest corner of 86th Street and Keystone Avenue and is working on plans for a $40 million apartment and retail project.
For the third year in a row, Bif Ward has taken the top spot on IBJ’s annual list of All-Star Agents.
