City Securities’ lesser-known sibling sells
The parent of City Securities Corp. has sold its biggest subsidiary to a New York-based real estate holding company, a move that’s expected to give the niche operation room to grow.
Residential Real Estate
Articles
Developer plans $20M apartment project on Fountain Square block
Nearly an entire city block in Fountain Square soon could be redeveloped, with five old buildings getting torn down and a new five-story project springing up with retail space and 94 apartments.
Indiana gets more than $600,000 in federal housing grants
The money will be used to make repairs and improvements to public housing units, as well as providing housing counseling to struggling consumers.
Residential Real Estate: Marketplace
Housing Sales March 1 – May 31 MORE FROM IBJ Click here. The housing market is hot but the challenge is a lack of inventory, said F.C. Tucker Co. President Jim Litten. Currently, there are about 9,000 listings in central Indiana, although about 20 percent of those are under contract with an agent accepting […]
A home with a view
Charlie Brown and Louise Tetrick love the house they built on Geist Reservoir—especially the windows. Still, this home is for sale at $1.45 million through Berkshire Hathaway’s The Richwine Group.
Turnarounds rebound as home flippers get back in gear
Locally, the number of homes flipped in 2015 jumped 9 percent from the previous year. Nationally, 2015 marked the first annual increase in the percentage of homes flipped following four straight years of decreases
Homes selling at strongest pace nationally since 2007
Americans snapped up houses in May almost as soon as properties were listed, fueling the strongest sales rate in nearly a decade.
Existing-home sales surge in central Indiana
Existing-home sales in central Indiana jumped 18.6 percent in May as average sale prices ticked up and inventory dropped significantly.
Ten years after housing’s peak, U.S. more of a renter nation
Renters accounted for all of the 8 million-plus net households the United States added in the past decade. Home ownership has dipped to 63.5 percent, near a 48-year low.
Hot streak for Indy-area home builders extends into May
The last time area home builders filed more permits for May was in 2007, when they turned in 779.
Proposed $20M Carmel development includes steakhouse, town homes
Chuck Lazzara, who owns the Ritz Charles with his wife, has revealed plans for Monon and Main, a mixed-use project on the southwest corner of Main Street and the Monon Trail.
Indy picking up momentum as ‘walkable’ city, expert says
The challenge, according to an author of a study of pedestrian-friendly cities, is picking up ground on the dozens of major metro areas that also are making walkability a higher priority.
Flaherty & Collins walks the walk with move from suburbs to downtown
Responsible for a portion of downtown’s apartment boom, the developer hopes relocating to Regions Tower will attract the younger workforce it’s helping bring to the urban core.
Former Whitestown-based builders charged with $1.2M fraud
Police say Gary Ogle, 69, and Robert Fersch, 68, defrauded customers and subcontractors in Hendricks, Marion, Boone and Hamilton counties of $1.2 million.
New homes selling rapid fire at former Fort Ben
Builder David Weekley Homes is launching the second phase of its 74-lot Residences at Lawrence Village project more quickly than expected.
IPS board approves Hendricks’ $260M bid to redevelop Mass Ave site
The board followed an outside committee’s recommendation to accept Hendricks’ proposal to redevelop the land at College and Massachusetts avenues. The vote was not without debate, however.
Former real estate broker Garden sentenced to six years
David Garden was sentenced to six years in prison Wednesday after being found guilty last month of defrauding homeowners and renters on the city’s south side who were having financial difficulties.
Review panel picks Hendricks’ $260M proposal for IPS property
A committee tasked with recommending a bid to redevelop the Indianapolis Public Schools property at Massachusetts and College avenues announced its selection of the Wisconsin-based developer Tuesday evening.
Existing-home sales, prices climb in central Indiana
Existing-home sales in central Indiana jumped 12.4 percent in April as average sale prices rose slightly and inventory dropped significantly.
Local firm modernizes centuries-old yurt structures
Yurts have been a form of shelter for more than 2,000 years. But Indianapolis-based Yurts of America today builds them with materials that didn’t even exist back then.