Village of West Clay developer suspending operations
Brenwick Development Co. claims a switch in lenders has halted about $7 million in land sales in the mammoth mixed-use community in Carmel. The firm has filed suit against the banks.
Residential Real Estate
Articles
Red Cross rethinking downtown HQ design, delaying land swap
Re-examination of the scope of the not-for-profit group’s project has stalled progress on a three-way property exchange that would clear the way for a massive apartment project on Massachusetts Avenue.
Durham’s Geist mansion goes back to the bank at auction
Lender JPMorgan Chase & Co. took possession of convicted Ponzi schemer Tim Durham’s Geist mansion Thursday after the property failed to draw an offer higher than the bank’s base bid of $2.24 million.
Apex credits door-to-door pitch for windows-sales success
The company eschews traditional—and expensive—mass marketing in favor of face-to-face solicitations.
Rose’s plan for $80M Carmel project moves forward
Edward Rose Properties’ proposal to develop an $80 million mixed-use project near Old Meridian and Main streets is heading to City Council for consideration.
Technology opens doors for growing Zionsville window dealer
Zionsville-based Apex Energy Solutions is reporting a decade of double-digit annual growth and company founder Michael Foit has licensed his trademarked “Flipside” selling strategy and proprietary technology to independent operators in more than a dozen markets.
Indy officials work to strengthen rental-property inspection bill
A proposal under consideration by the Legislature would curb rental-property inspection programs, but local officials worked with its author to let cities set up landlord registries.
Broad Ripple brokers propose office project on College Avenue
Scott Lindenberg and Thomas Willey want to replace two rental homes they own just north of Kessler Boulevard with a 5,700-square-foot, two-story office building.
Central Indiana home sales start year on chilly note
Home-sale agreements plummeted 31 percent in January, likely due to the record snowfalls and cold temperatures.
First family gives TLC to little-used Brown County cabin
The Pence administration has overseen the six-figure renovation of a Brown County cabin that one political observer calls Indiana’s Camp David.
Symbol of Durham’s opulence heading for a sheriff’s sale
Tim Durham’s 10,700-square-foot Geist home has languished on the market for years with an asking price of $5.5 million.
Home starts flat in frigid January
Homebuilders filed roughly the same number of building permits in central Indiana last month, 300, that they did in January 2013. The severe winter weather has kept builders at bay, the Builders Association of Greater Indianapolis said.
Developer plans Lockerbie residential project
Chase Development plans to build six, four-story townhomes along with six more traditional houses on a 1.25-acre parcel between Michigan and North streets.
Indiana plans $75M push to demolish abandoned homes
Lt. Gov. Sue Ellspermann announced the initiative Monday at the Statehouse. She said knocking down blighted and abandoned homes will help maintain property values and cut down on crime.
Design of new downtown fire station to get first review
Construction of the new fire station on East 10th Street would help clear the way for a $43 million apartment and retail project on Massachusetts Avenue where the Indianapolis Fire Department’s headquarters now stands.
Lilly Endowment awards $6.3M to Indy housing group
The Indianapolis Neighborhood Housing Partnership will use the funds to help qualified residents purchase homes and revitalize their neighborhoods.
Homebuilders enjoy best year since 2007
Single-family building permits in the nine-county Indy metro area surged in December, ending a two-month decline in filings.
Upstart developer battles nursing home establishment
Mainstreet Property Group CEO Zeke Turner, the son of Republican state Rep. Eric Turner, is fighting a bill that would halt construction of nursing homes in Indiana.
Strong year for home sales ends on 4-month skid
Home-sale agreements in central Indiana plummeted 18.6 percent in December, as the market continued a downward trend.
21-acre Greenwood tract marketed for apartment development
Developer J. Greg Allen had planned to build condominiums on the site before the housing market crashed. He relinquished the property to his lender, BMO Harris.