Delta Faucet adaps to new normal in homebuilding
The company's total employment is 1,345, down 43 percent from 2007.
Residential Real Estate
Articles
Trustee asks for Hansen & Horn bankruptcy to be dismissed
Beleaguered home builder doesn’t appear to have funds available to pay an attorney to prepare
necessary paperwork for Chapter 7 liquidation, trustee says in court filing.
Subcontractors come to Estridge’s aid with $10M investment
Estridge Cos.’ subcontractors have invested $10 million into the firm led by COO Matt Cohoat and CEO Paul Estridge Jr.—an
infusion that paves the way for them to proceed with
a massive development in Westfield.
Greenwood mobile home park sold to Illinois firm
Indy Mobile purchases 527-lot Friendly Village through a court-appointed receiver.
Fort Ben home, condos fail to sell at auction
Auction turns up no buyers for the former home of the commanding general at Fort Benjamin Harrison and four condominiums at
the old Army base.
RUBENSTEIN: New law may put limits on residential seller financing
A new federal law intended to enhance consumer protection and reduce fraud in the residential loan market may put the kibosh on seller financing of residential properties. This has huge implications for owners of rental housing.
Potterhill Homes enters Indianapolis market
A Cincinnati-based homebuilder’s expansion into Indianapolis marks the second time in six months a builder from the
Queen City has carved out space in the metropolitan area.
National new-home sales plunged to record low in May
Purchases of new homes in the United States fell in May to a record low as a federal tax credit expired, showing the market
remains
dependent on government support.
Wall treatments can make a big impact for small price
Interesting wall treatments can turn an ordinary room into an extraordinary room.
A slow time for fixer-uppers
Locally, the long-running FLIP program, or Fund for Landmark Indianapolis Properties, has seen a marked downturn in the
resale of historic buildings.
Study of local mortgage defaults shows benefit of counseling
A study by the Federal Reserve Bank of Chicago finds a strong correlation between pre-mortgage credit counseling and loan
performance after
comparing Indianapolis Neighborhood Housing Partnership clients with other low-income Marion County borrowers.
PNC foreclosing on Janus Lofts building
Pittsburgh-based PNC Bank has filed to foreclose on the historic five-story Janus Lofts building at 240 S. Meridian St.
Westfield residents to hear plans for $1B development
The Estridge Cos., a Carmel-based home builder, will present details of the massive project—mixing condos, apartments
and retail with a $15 million stadium—at a public hearing
Monday evening.
Durham’s Geist mansion listed for $5.5 million
Beleaguered local businessman Tim Durham’s Geist home is listed for sale with a $5.5 million asking price.
Residential building activity levels off after surge
The number of building permits filed in the nine-county metropolitan area has been flat the past two months following a flurry
of activity leading up to the expiration of federal home-buying tax credits.
Home construction sinks, building permits down
May saw a 17-percent decline in the single-family home market, which had benefited earlier in the year from federal tax credits.
It was the largest monthly drop in single-family construction since January 1991.
Developer facing legal action everywhere it has built condos
Three of the four principals in Page Development were in court June 8 to sift through the fallout from a $1.35 million judgment
against them. It’s only the tip of Page Development’s financial straits.
Long-vacant Washington Street buildings headed for revival
Workers are restoring facades on two empty buildings along Washington Street just east of Meridian Street as part
of
a
retail
and residential redevelopment.
Area home sales took big hit in May as credit expires
Pending home sales fell 31.5 percent last month, following expiration of the federal home-buyer tax credit.
Fort Ben home, condos headed to auction
The former home of the commanding general at Fort Benjamin Harrison and four condominiums at the old army base are being auctioned June 17, a reflection of the difficulty of selling high-end condos in a soft real estate market.