Area home sales rise despite higher prices, fewer choices
The total number of active home listings in the region dropped 18.9 percent on a year-over-year basis at the end of November. New listings were down 5.5 percent.
Residential Real Estate
Articles
Area home builders see another month of rising demand
The Indianapolis area is on pace to have its biggest year in new-home sales since 2007, when 7,331 building permits were filed.
TWG again seeking tax credits for delayed church project
The local developer has modified its plan and wants to build an affordable senior housing project on the far-east-side church property instead of in the church itself.
Large Castleton apartment complex sells for $44.6M
A California company bought the 512-unit Avery Point Apartments, which was finished in 1986 and consists of 58 two-story buildings.
Owner of esteemed golf course proposes ditching links, building mixed-use project
Redeveloping the Zionsville course—consistently ranked among the best in the country—could include 360 single-family homes and 200 multi-family housing units.
Residents object to third development plan near Westfield golf club
Westfield residents want to keep the city’s only public golf course open, but so far, any project that could do so hasn’t been able to tee off.
Lockerbie block poised for $25M in condo, apartment developments
The projects, proposed separately by Litz & Eaton Development LLC and Block 20 Development LLC, would be built on two empty lots and on property where an existing building sits.
Great Places 2020 organizers hope 2018 is transformative year
The effort, launched in late 2014, aims to mix private-sector investments with federal tax money to spark residential and commercial activity in five targeted Indianapolis neighborhoods.
Central Indiana home sales, prices soar as inventories shrink
Area home sales have risen on a year-over-year basis in 21 of the last 24 months.
CSI UIndy: School to use vacant house for forensic studies lab
In a partnership with the Indianapolis-Marion County Forensic Services Agency, UIndy criminal justice students will be able to comb through mock crime scenes in a realistic setting.
Legal tussles continue between Carmel developer, siblings
Two children of late heart surgeon and developer John N. Pittman have accused brother Steve Pittman of wrongly taking funds from a family-owned entity to invest in one of his projects. Their lawsuit is one of several proceedings filed over family assets.
Once-swanky downtown apartment building receives $5.7M makeover
The 88-year-old, seven-story Wyndham is available for occupancy after owner the Pearl Cos. bought the building and tore the interior down to its studs.
Area home builders see rebound in demand after off month
Permit filings are up 6 percent so far this year in the nine-county area compared with the first 10 months of 2016.
Mainstreet Health makes $425M acquisition, plans name change
Mainstreet Health Investments Inc., a company founded by Carmel-based Mainstreet Property Group, has reached a deal to acquire Care Investment Trust LLC, which owns 42 senior housing and care properties.
Proposed fee for Mile Square property owners attracts opposition
Downtown Indy is encountering resistance from some big property owners to its plan to create an economic improvement district that would raise about $3 million annually through a fee.
Habitat for Humanity plans 84-acre neighborhood
A Habitat for Humanity group is planning to build possibly hundreds of homes on an 84-acre site in Bloomington.
East-side housing project part of city’s effort to retain teachers
Teachers’ Village in the St. Clair Place neighborhood will consist of 21 new or rehabbed houses priced below market, with the help of about $3.1 million in subsidies.
Efforts to remake Brownsburg’s downtown in progress
Four projects totaling about $85 million, including three already under construction, will bring apartments, offices and retail space to a key stretch of Green Street.
Indianapolis house flipping company files for bankruptcy
The company says it doesn’t have the assets to repay clients and other creditors, leaving more than 120 parties who bought or sold homes through the firm in limbo.
Wi-Fi-enabled devices automate more houses
Smart-home products are poised to become a $60 billion global industry, according to research firm MarketsandMarkets. Yet consumers need spend only a few hundred dollars on each item to make their lives more automated.