Forrest Lucas buying former Nancy Irsay estate
The founder of Lucas Oil Products has agreed to buy the nearly 40-acre spread on Ditch Road in Carmel, which sits next to the even more opulent property he bought in 2010.
Residential Real Estate
Articles
Pittman family properties in $2.4M estate could be auctioned
Heart surgeon John Pittman’s offspring have been feuding in court since September about how to handle real estate in Carmel and Zionsville.
Developer proposing 12-story student-housing tower downtown
Georgia-based Landmark Properties wants to build the project on a triangular surface lot along Indiana Avenue that it’s buying from a local developer.
Feud pits Highland Country Club against neighbors
Homeowners who live just south of the golf club’s southern border fret about the future of the White River bluffs if Highland proceeds with controversial plans to sell 20 acres for residential development.
Mass Ave project could aid revival of corridor cut off by interstates
A redevelopment of the prized IPS property along College and Massachusetts avenues would add more housing and retail options along the bustling corridor and push activity farther east.
Home sales surge in March as inventory remains tight
Home closings in 13 central Indiana counties climbed 9.2 percent compared with the same month last year, while average sale prices rose 3.4 percent.
Scott Jones offers rooms for rent in Carmel mansion
Tech entrepreneur Scott Jones has made Hawaii his primary residence, so he’s now renting rooms at his 30,000-square-foot Carmel mansion to lodgers through home-sharing site Airbnb.
Area home builders off to best first quarter since 2007
Indianapolis-area residential builders are off to their best start in almost a decade thanks to a big surge in new-home buying the past two months.
Existing homes sales still falling in tight market
Sales of existing homes in central Indiana showed a 2.5 percent decline in March, marking the 11th monthly decrease in the last year.
Developer plans $5.6M revamp, expansion of 16th Street apartments
Axia Urban has purchased the former Bon Air Apartments, between Meridian and Illinois streets, and is set to renovate the three structures, as well as build another.
Former real estate broker found guilty of forgery, theft
A jury convicted David Garden on 22 counts, including 11 counts of forgery and 10 counts of theft, for defrauding homeowners and renters.
Mother-daughter home rehab team lands series on HGTV
Mother-daughter team Karen E Laine and Mina Starsiak, who own Indianapolis-based renovation business Two Chicks and a Hammer Inc., scored their own television series on HGTV.
U.S. home prices rising faster than average incomes
U.S. home prices climbed at more than double the rate of incomes in January, a trend driven by tight supplies that could ultimately create affordability challenges.
Speedway looks to lure more development to Main Street
The town is accepting proposals to redevelop the last two parcels it owns on the street, which continues its transformation into a hub of retail activity.
Robin Run completes expansion
Robin Run, managed by Brentwood, Tennessee-based Brookdale Senior Living Solutions, added a three-story building that expands its assisted-living and dementia-care services.
Housing tax credits AWOL for Hamilton County projects
For the fifth consecutive year, Hamilton County has been shut out of federal tax credits for affordable housing projects, while nearby counties have had success in the competitive program.
Residential Real Estate: Marketplace
See what you can buy for $650,000 plus get the details on the most expensive house that sold in the past few months.
Home tour: Italianate home in Old Northside gets modern revamp
The 8,500-square-foot house owned by real estate agent Joe Everhart and Ken Ramsay served as a clubhouse for seven decades before the couple turned it back into a home.
Finding a newly built home for less than $250,000 is tricky
Industry experts point to a host of factors for the increasing shortage but say it’s mostly driven by the state’s property tax caps coupled with rising home-building fees charged by municipalities.
$4.6M project in Franklin could help transform city’s downtown
The city is partnering with a private developer to turn a former factory building into condominiums, retail and event center space—one of several projects that could help revitalize its downtown.