Fort Wayne-based Star Financial Bank, which is trying to recover some of the more than $23 million it loaned for the condominium project, submitted the only bid for it on Wednesday. The bank said several potential buyers are interested in the property.
Sales in the Indianapolis area rose 32 percent last month compared with the same time a year ago, reversing a year-long slump in the residential market. But May 2010 home sales were down dramatically after the expiration of a special federal tax credit.
Carmel Mayor Jim Brainard on Tuesday unveiled details of a multimillion-dollar project expected to create more than 200 construction jobs and 140 permanent positions over the next two years.
Indianapolis-based StreetLinks Lender Solutions plans to expand its operations, adding 150 employees by 2013, the real estate appraisal management services provider announced Friday morning.
One analyst even declared that, relative to disposable income, housing is more undervalued than at any time in the last 35 years. So it is an attractive time to buy a house if you plan to be a long-term owner.
A $150 million project that slammed head-first into the recession is slated for a sheriff's sale later this month.
The transformation of a wooded ravine immediately north of Park Tudor School into an 11-lot gated community will bring to market a rare commodity: a cluster of new-home sites in densely populated Washington Township.
In the nine-county area, the number of building permits filed in April climbed to 361, an increase of 10 percent from the same month in 2010.
Indianapolis-area home-sale agreements fell 36.4 percent in April compared to the same month last year, marking 12 consecutive months in which year-over-year sales have fallen.
The Indiana Historical Society will entertain its members in Ruth Lilly's former Indianapolis estate, Twin Oaks, under a contract with owners William and Laura Weaver, the society announced Tuesday.
One West Bank in California says it is owed nearly $3.3 million, and is seeking to foreclose on Red Mill Apartments near East 38th Street and North Franklin Road.
Platinum Properties LLC, an Indianapolis upscale residential real estate developer, sought Chapter 11 protection on Monday, listing several huge debts to prominent local businesses and business people.
Cicero-based developer Mainstreet Property Group LLC plans to build a $13.3 million senior health care center in Westfield. The 65,000-square assisted living facility will employ about 150 people when it opens in 2012.
The Estridge Group, which had operated in the Indianapolis area since 1967, has become part of Houston-based David Weekley Homes. Estridge had struggled in recent months to stay afloat during the severe housing downturn.
A bill expected to be heard Wednesday in the Indiana House would give property owners appealing the assessed value of their homes or buildings more clout in the fight.
Home-building permits filed in the Indianapolis area sank by more than 20 percent in March compared with the same month last year. Still, signs show home construction both locally and nationally may be picking up.
Sale agreements in the nine-county Indianapolis area fell 20 percent in March compared to the same month of 2010. Local home sales have been in a downward spiral for nearly a year.
Foreclosure filings in Indiana dropped 36 percent in the first quarter from the year-ago period, and 27 percent nationally. An industry report, however, attributes the decline to paperwork delays related to a documentation scandal.
Chicago-based Pasquinelli Homebuilding is seeking bankruptcy liquidation for all its business entities, including Portrait Homes Indiana, which built hundreds of homes in the Indianapolis area.
John Swinehart, a former executive of Bruce Gunstra Builders Inc. who was involved in the Monon on Main project in Carmel, is seeking Chapter 7 bankruptcy protection. He lists liabilities of $8.3 million.
