Peppermill Farms seeks to keep housing affordable
The affordable housing complex’s owner plans to pump $23 million into major renovations, more than double the 40-year-old property’s valued worth.
Residential Real Estate
Articles
Old National Bank settles allegations of redlining against Black Indy residents
The bank was accused in a lawsuit earlier this year of providing disproportionately fewer mortgages to Black borrowers, closing branches in predominantly Black neighborhoods and giving Black people less information during the mortgage-application process.
Evictions on the rise months after federal moratorium ends
Eviction filings in Indianapolis were 49% below average in August but just 7% below average in the first 11 days of December, according to Eviction Lab at Princeton University.
Apartment developer plans $25M project on North Meridian Street
TWG Development LLC is in discussions with city zoning and planning officials for the 125-unit project, which would be developed on the east side of the road in the 1800 block of North Meridian Street.
Glick philanthropy buys 7 affordable-housing projects for $56M
In addition to two Indianapolis communities, the acquisition involved properties in Bedford, Bloomington, Lebanon, New Albany and Shelbyville.
Onyx+East plans $3.5M townhome project in heart of Fountain Square
The project, called FSX—shortened from “Fountain Square Ten”—is planned for a narrow site at 1003 Prospect St., which currently houses two drive-thru ATMs for PNC Bank. The units each will have a two-car garage and rooftop deck.
Fishers District developer breaking ground on adjacent 242-unit rental home community
With an initial price tag of $63 million, the 25-acre community east of Ikea has since been renamed Slate at Fishers District.
Area homebuilders see third straight monthly drop in permit filings
The recent slump has slowed what had been a torrid pace for the local home-construction industry. Permit filings are still easily on pace to have their biggest year since 2005.
Area existing-home sales tumble 8.7% as prices escalate
Sales of existing homes in central Indiana fell for the third time in four months in October amid skyrocketing prices and tight inventories.
Millennials, Gen Z put pets first in search for housing
Providing pet accommodations has become a top priority for apartment complexes seeking younger tenants, and new-home construction is also seeing an uptick in pet-friendly perks.
IBJ Podcast: ‘Old-school’ agent Matt McLaughlin hits $1 billion in career home sales for Tucker
Host Mason King sat down with McLaughlin to learn how he closed so many sales, what makes his approach different and what he thinks about central Indiana’s red-hot real estate market.
Apartment building on North Meridan sells for $11.4M
The 195-unit Meridian Towers Apartments on the near-north side of Indianapolis has been sold to an out-of-state development partnership that plans to renovate the property.
10 tips to sell your house during cold weather
The market has tilted severely toward sellers. But if you want to get the best price and the quickest deal, there are still a lot of things you need to do to make an off-season listing stand out.
Treasury says rental assistance helped stop eviction wave
The number of households receiving emergency rental assistance has increased steadily in recent months, with no major increase in evictions despite the expiration of the federal eviction moratorium, the Treasury Department said.
Demand swamps units at new disabled housing projects
Three developments have opened this fall: one just south of Indianapolis International Airport, one on the near-east side, and one in Fishers. A fourth is planned for Whitestown.
Area homebuilders see second straight monthly drop in permit filings
Despite the September decline, single-family building permit filings are still on pace to have their biggest year since 2005.
Sales of Indianapolis-area existing homes see September decline
Sales in central Indiana fell for the second time in three months last month as prices continued to escalate and inventories remained low.
Sales of Indianapolis-area existing homes bounce back in August
On a year-to-date basis, closed sales in central Indiana are up 6.6%, to 25,349, compared with 23,776 in the first eight months of 2020.
Henke Development plans expansive clubhouse for Zionsville’s Holliday Farms community
Westfield-based Henke Development Group had its development plan for a nearly 79,000-square-foot clubhouse featuring a slew of golf- and non-golf-related amenities approved this week by the Zionsville Plan Commission.
RE/MAX claims franchisee steered brokers to competitor
Denver-based RE/MAX LLC and RE/MAX Integrated Regions LLC filed a complaint in federal court last month against James “Jimmy” Dulin and The Hamilton Group Inc., which does business as RE/MAX Ability Plus.