Search – Page 121 – Indianapolis Business Journal

Home » Search

Articles

Wishard owner fishes growing revenue stream: Health and Hospital Corp. buys 19th nursing home

May 30, 2005

The owner of Wishard Memorial Hospital added a 19th nursing home to its investment portfolio earlier this year, as it continues to pull revenue from a market filled with struggling competitors. Health and Hospital Corporation of Marion County purchased American Village Retirement Community, a complex of garden homes, apartments and a nursing home near the intersection of East 54th Street and Keystone Avenue, for $2.6 million, said Matt Gutwein, Health and Hospital president and CEO. Gutwein said the deal, like…

BEHIND THE NEWS: Big investors turn up heat on tiny Century Realty

May 23, 2005

Big money from the coasts has been pouring into one of the nation’s most obscure publicly traded real estate companies-India n a p o l i s – b a s e d apartment owner Century Realty Trust-helping to propel the sleepy stock more than 50 percent higher over the past year. Here’s a sure bet: The investors didn’t become interested because they’re suddenly enamored with 74-year-old Chairman Jack Bradshaw’s slow-and-steady management approach. Quite the opposite, says one of the…

Heartland Golf Cars and Equipment Co.: Golf cars have become hot commodity Local firm has ridden the trend to profitability ram said. He credits solid financing at startup as key to the success of Heartland. To anyone interested in starting a business, he

May 23, 2005

ram said. He credits solid financing at startup as key to the success of Heartland. To anyone interested in starting a business, he advises, “Don’t go into it on a shoestring. You have to have a business plan and be committed to working long hours. It’s not only working harder, it’s the workmanship, too. It may sound like an old clichÃ©, but it’s very true.” * Golf cars are no longer just for sport. These electric- or gasoline-powered cars may…

Stutz’s future includes condos: Developer envisions high-rise, nightclub as part of biz center

May 9, 2005

Stutz Business Center owner and visionary Turner Woodard last month rolled out a 10-year master plan for the Stutz that could bring condominiums, retail and a high-rise tower to the former auto-manufacturing plant at 10th Street and Capitol Avenue. Right now, Woodard concedes many of his plans are dreams. But with a blossoming life sciences corridor just to the west along the Central Canal, Woodard said he wants the 80-year-old Stutz to continue to be a hub of activity as…

Massive retail project on tee: Britton Golf Course buyers plan 85-acre development that could rival Clay Terrace

April 25, 2005

The development group that invested $16 million to buy Britton Golf Course in Fishers is pressing forward with its plan to convert the property into a retail center that would rival Clay Terrace in Carmel. The purchase earlier this month, following Fishers Town Council approval, represents the first significant real estate project for the group of local investors formed under the Britton Park Development LLC name. Bordering State Road 37 and East 131st Street, the 104-acre golf course is the…

King Memorial Park area readies for redevelopment: Local contractor wants to build 50 homes in near-north-side neighborhood

April 4, 2005

A local investment firm hoping to capitalize on a resurgent near-north side is planning a 50-home, privately funded redevelopment project in the blocks surrounding Martin Luther King Jr. Memorial Park. Homevestors LLC, led by husband and wife Jerry and Carole Jaquess, has applied for city approval to build 50 single-family homes between 16th and 22nd streets just south of Fall Creek Place. “It’s the next logical area” for redevelopment, said Jerry Jaquess, a general contractor. Jaquess’ partnership is not affiliated…

Rehabs help schoolhouses rock: Threatened properties receive new life as apartments

March 28, 2005

As several local developers have discovered, some of the functional design aspects of school buildings also make attractive components of a successful apartment building. At least two north-side elementary schools closed by Indianapolis Public Schools in the early 1980s have been transformed into apartment communities, and another developer has found a niche turning old high schools in some of the state’s smaller cities into senior housing. By keeping the historic character of the buildings and serving a lower-income population, these…

Barton House awaits renovation: Former nursing home to become housing

March 21, 2005

A long-vacant downtown nursing home is about to find new life as affordable housing. The Indiana division of the Salvation Army plans to convert the Barton House on the northeast corner of Delaware and Michigan streets into 30 apartments for lowincome families and space for some of the organization’s programs. The Salvation Army purchased Barton House and Carpenter apartments, its neighbor to the east, for about $500,000 each in late 1999, said Maj. Dennis Strissel, the Salvation Army’s divisional commander…

Ownership change draws near for Robin Run: NBA reorganization plan calls for sale to Brookdale

March 14, 2005

Robin Run Village, a northwest-side retirement complex, could start spring under new management if it and other National Benevolent Association properties are sold in the next few weeks as expected. Robin Run and 10 other NBA locations around the country are slated to become the property of Chicago-based Brookdale Living Communities. Brookdale’s parent, Fortress NBA Acquisition LLC, bid $210 million last year to buy the senior living locations from the bankrupt NBA for Brookdale, but the deal still has some…

Villaggio condos aim high: Proposed eight-story project targets downtown’s SE side

February 28, 2005

A developer with deep roots in the Fletcher Place neighborhood is setting its sights on an ambitious eight-story condominium project on the southeast side of downtown. Villaggio at Page Pointe calls for 65 condos ranging in size from 1,600 square feet to 4,300 square feet. Most units will sell for $265,000 to $530,000, with three penthouse units listed for more than $900,000. The first floor of the building will house about 20,000 square feet of retail space. A parking garage…

Mann seeks larger digs as growth strategy pays off: Busy developer eyes property for new headquarters

February 21, 2005

On Bash Street, off the beaten path from often-congested East 82nd Street, Mann Properties has quietly built a commercial real estate development business that is outgrowing its cozy quarters. The location in the developer’s secondoldest office park has served Mann well since the mid-1980s. But flanked on both sides by other companies, the space offers virtually no chance to expand, let alone any opportunity for increased visibility. So Managing Partner Brian Mann, 37, has brokered a deal to purchase 20…

Investment property deals becoming difficult to find: High demand, low interest rates create seller’s market Low cap rates Apartments attractive

February 21, 2005

VOICES FROM THE INDUSTRY: Learning the basic categories of investment real estate Property type New development or existing Risk of landlord responsibilities

February 21, 2005

Baby boomers, the wealthiest generation in the history of our country, are getting richer. Much has been written about the extraordinary transfer of wealth that will take place as the boomers take over the estates of their parents. As their assets grow, many are get ting more directly involved in the management of their money. Rather than sending all their cash to Wall Street or their bank, an increasing number of investors are allocating a portion of their portfolio to…

Keystone Towers in financial bind: Owner with grand plans faces foreclosure

February 14, 2005

The latest attempt to revive the 15-story Keystone Towers apartment complex appears to be in danger of derailing amid a threatened foreclosure and unpaid bills from contractors. The landmark complex at Allisonville Road and Fall Creek Parkway on the northeast side has been largely vacant since 2001, when previous owners defaulted on the mortgage and the property was sold at a sheriff’s sale. The apartment complex, built by local developer George Ginger in 1974 as the VIP Center, originally included…

New plan, player for tower: Facing deadline, developer hopes design shift lures buyers

January 24, 2005

Developers struggling to meet the pre-sale threshold for high-rise condos on the Market Square Arena site have tapped a Chicago firm to formulate a more marketable mix for the first phase. Mesa Development LLC is working with the team on a fee basis, said Terry Parrott, manager of Market Square Partners, which was chosen nearly a year ago to build twin 29-story, 225-unit condominium towers and 175,000 square feet of retail space on the four-acre site formerly occupied by Market…

January 3, 2005

The Carmel Redevelopment Commission recently voted unanimously to accept Keystone Groupâ€™s proposal to redevelop an entire city block in Old Town Carmel. The four-story mixed use development will include 150 luxury apartments, high-end shops and restaurants plus a…

« Previous 1 … 119 120 121

Search Results

2,416 results for 'apartments'

Pages

Business Cares: Corporate Social Responsibility 2023

Videos

Commercial Real Estate 2018: Apartments still hot

People

Mark McClelland

Articles

Wishard owner fishes growing revenue stream: Health and Hospital Corp. buys 19th nursing home

BEHIND THE NEWS: Big investors turn up heat on tiny Century Realty

Heartland Golf Cars and Equipment Co.: Golf cars have become hot commodity Local firm has ridden the trend to profitability ram said. He credits solid financing at startup as key to the success of Heartland. To anyone interested in starting a business, he

Stutz’s future includes condos: Developer envisions high-rise, nightclub as part of biz center

Massive retail project on tee: Britton Golf Course buyers plan 85-acre development that could rival Clay Terrace

King Memorial Park area readies for redevelopment: Local contractor wants to build 50 homes in near-north-side neighborhood

Rehabs help schoolhouses rock: Threatened properties receive new life as apartments

Barton House awaits renovation: Former nursing home to become housing

Ownership change draws near for Robin Run: NBA reorganization plan calls for sale to Brookdale

Villaggio condos aim high: Proposed eight-story project targets downtown’s SE side

Mann seeks larger digs as growth strategy pays off: Busy developer eyes property for new headquarters

Investment property deals becoming difficult to find: High demand, low interest rates create seller’s market Low cap rates Apartments attractive

VOICES FROM THE INDUSTRY: Learning the basic categories of investment real estate Property type New development or existing Risk of landlord responsibilities

Keystone Towers in financial bind: Owner with grand plans faces foreclosure

New plan, player for tower: Facing deadline, developer hopes design shift lures buyers