Area’s second-largest apartment property sells for record $171M
The 1,261-unit complex on nearly 90 acres at Shadeland Avenue and 75th Street was purchased March 31 by Cleveland firm Pepper Pike Capital Partners.
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Central Indiana fair housing group files suit against senior living developer
The lawsuit alleges Clover Group violated federal accessibility requirements at 38 properties in Indiana, New York, Ohio and Pennsylvania.
DeHaan estate could see new uses with zoning change
A zoning change would open the door for a number of new uses on the 152-acre property along the White River.
Ball State kicks off plans to revitalize Village district, build performance venue
The university hopes to bolster the declining business-and-culture district by creating a center for theater and dance and green-lighting an Ohio firm to develop a hotel, apartments, retail spots, and spaces for office and research work.
Residential Real Estate: Marketplace stats for March 25, 2022
A limited inventory of houses available for purchase has been driving up prices across the region, an ongoing trend that began about two years ago.
Tight market means heartbreaking house hunts, especially for first-time buyers
Central Indiana homes typically exit the market after only five days, according to Zillow, with the average Indy metro house priced at about $255,000 as of February—up 20.5% from last year.
Luxury apartments to open soon in former AT&T building
A local developer’s $80 million conversion of a 20-story office building into luxury apartments is the largest project of its kind downtown.
Area homebuilders off to slow start in 2022 despite demand for houses
Supply-chain issues, labor shortages and a lack of suitable lots are holding back sales, according to the Builders Association of Greater Indianapolis.
Downtown apartment property sells for more than $120 million
The acquisition by Indianapolis-based Zidan Management Co. is believed to be the largest single-property apartment sale in Indiana history.
Home values soared during the pandemic, except for these Black families
Just one lower appraisal could affect the cumulative wealth of an entire community, according to a new Biden administration report on the causes, extent and consequences of property misvaluation.
U.S. plan aims to end racial, ethnic bias in home appraisals
The plan contains 21 steps to improve oversight and accountability, including a legislative proposal to modernize the governance structure of the appraisal industry.
Demand for vacation homes continuing to rise
The value of homes in nine of the top 10 most popular vacation towns are appreciating faster than the typical U.S. home, according to Zillow.
Biden administration to release plan to stop bias in home appraisals
The plan contains 21 steps to improve oversight and accountability, including a legislative proposal to modernize the governance structure of the appraisal industry.
Seattle firm to acquire part of Carmel-based Residential Warranty Services for $33M
Porch says it plans to acquire Residential Warranty Services’ home-warranty and home inspector software and services businesses. The deal is expected to close next quarter.
Existing-home sales hold steady in central Indiana amid rising prices
The median price for homes sold in the area last month was up 13.6%, to $253,245, compared with $223,000 in February 2021.
Local developers planning $60M apartment, retail project on Cultural Trail in Fountain Square
The site of a one-story, nondescript building in Fountain Square used sparingly for local White Castle operations soon could house a five-story building with nearly 200 apartments and six street-level storefronts.
New Lakeside Pointe, Fox Club owner to commit $7M to repairs, Rokita says
The dilapidated Lakeside Pointe at Nora and Fox Club apartment complexes in Indianapolis could see major improvements soon, Indiana Attorney General Todd Rokita announced Thursday.
Tony Stewart’s home, 415-acre hunting getaway, on market for $30M
The racing legend’s property in central Indiana includes a 20,000-square-foot luxury log-built house with an adjacent nine-acre lake.
Troubled Lakeside Pointe apartment complex acquired
Lakeside Pointe at Nora apartment complex—under threat of a city nuisance lawsuit—has a new owner. The former owner owed more than $225,000 for 600-plus housing code violations at the complex.
Treasury: Most COVID rental aid went to low-income residents
The Treasury found that more than 40% of tenants getting help were Black and two-thirds of recipients were female-headed households.