Housing group sues Buckingham over apartment accessibility
The National Fair Housing Alliance alleges in a lawsuit that four of the local apartment developer’s properties violate Fair Housing Act accessibility requirements.
Residential Real Estate
Articles
Deadline looms to refile for homestead tax break
The law, passed in 2009, says Hoosier homeowners will lose their deduction beginning in 2013 if they don’t complete and return a homestead verification form by Jan. 1.
Auction of Charlestown family farm tops $1 million
The auction of one of the oldest remaining family farms in southern Indiana was watched closely by farm and preservation advocates.
Strong finish to year giving home builders optimism
The number of single-family building permits filed in the nine-county area climbed 43 percent in November, the fifth straight month of year-over-year increases, according to the Builders Association of Greater Indianapolis.
Gas leaks force 29 from central Indiana apartments
Authorities have ordered the 29 residents of an Anderson apartment complex to leave their homes until gas leaks found in all five of its buildings can be repaired.
How 3 real estate entrepreneurs expanded during slowdown
Aasif Bade of Ambrose Property Group, Tadd Miller of Milhaus Development and Joe Whitsett of The Whitsett Group saw opportunity as many rivals retrenched.
Lawmaker seeks funding to tackle abandoned housing
State Rep. Ed Clere plans to introduce a bill that would give municipalities explicit powers to create land banks, which can sell surplus property for redevelopment. He also wants to include a revenue source to support land-bank operations and eliminate tax-foreclosure sales as a form of investor speculation.
$22M foreclosure suit targets local apartment complexes
The three complexes are Dogwood Glen Apartments on the city’s northwest side, Elmtree Park Apartments on the far-east side and Heathmoore Apartments on the southeast side.
Developer unveils 16-home project just east of downtown
The Re-Development Group Inc. bought a1.6-acre site at New York Street and Highland Avenue last May and will raze three 1960s-era office/warehouse buildings to make way for home construction in 2013.
Carmel project dogged by conflict questions
An executive ousted from the firm developing The Barrington in Carmel alleges that the $142 million retirement-community project was driven by conflicts of interest.
Area home-sale contracts rise 20 percent
Home-sale agreements in the nine-county Indianapolis area rose 20.6 percent in October, the 18th straight month of year-over-year improvement in sales contracts.
One Mass Ave project starts; another one is in limbo
Insight Development has begun building an $11.5 million, 61-unit apartment project at Massachusetts Avenue and East and North streets. But the fate of the second phase is up in the air because its financing had been tied to a project Insight and Flaherty & Collins Properties had hoped to develop across Mass Ave at the site of the Indianapolis Fire Department headquarters.
Documents raise questions about price of I-69 land purchases
An INDOT spokesman said the state sometimes has to shell out more than the appraised value to encourage land owners to sell.
Simon spared no expense with Manhattan residence
The $25 million purchase ranked as the 12th-largest residential sale in New York City last year, according to the real estate website Curbed NY.
Area home-building permit filings surge 46 percent
The Builders Association of Greater Indianapolis said October’s jump marked the biggest year-over-year increase this year. Activity was strongest in Hamilton and Hendricks counties.
Buffett-owned residential brokerage network to have presence here
Omaha-based Berkshire Hathaway Inc., through its HomeServices of America unit, bought a majority stake in the Prudential and Real Living real estate franchises from Brookfield Asset Management.
City bans bulk land-bank sales after lopsided deal with not-for-profit
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 plans new neighborhood in Anson
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.
Developer gets OK for second phase of apartment project
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.
At Home Quarterly: Housing marketplace stats
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.