Carmel project dogged by conflict questions
An executive ousted from the firm developing The Barrington in Carmel alleges that the $142 million retirement-community project was driven by conflicts of interest.
Residential Real Estate
Articles
Area home-sale contracts rise 20 percent
Home-sale agreements in the nine-county Indianapolis area rose 20.6 percent in October, the 18th straight month of year-over-year improvement in sales contracts.
One Mass Ave project starts; another one is in limbo
Insight Development has begun building an $11.5 million, 61-unit apartment project at Massachusetts Avenue and East and North streets. But the fate of the second phase is up in the air because its financing had been tied to a project Insight and Flaherty & Collins Properties had hoped to develop across Mass Ave at the site of the Indianapolis Fire Department headquarters.
Documents raise questions about price of I-69 land purchases
An INDOT spokesman said the state sometimes has to shell out more than the appraised value to encourage land owners to sell.
Simon spared no expense with Manhattan residence
The $25 million purchase ranked as the 12th-largest residential sale in New York City last year, according to the real estate website Curbed NY.
Area home-building permit filings surge 46 percent
The Builders Association of Greater Indianapolis said October’s jump marked the biggest year-over-year increase this year. Activity was strongest in Hamilton and Hendricks counties.
Buffett-owned residential brokerage network to have presence here
Omaha-based Berkshire Hathaway Inc., through its HomeServices of America unit, bought a majority stake in the Prudential and Real Living real estate franchises from Brookfield Asset Management.
City bans bulk land-bank sales after lopsided deal with not-for-profit
Indianapolis last year sold 154 properties from its land bank for $1,000 each to a novice not-for-profit, which immediately flipped them for a total $500,000 profit. More than a dozen have changed hands multiple times since then, making investors more than $1 million. (with interactive map)
PulteGroup plans new neighborhood in Anson
PulteGroup Inc. has purchased 24 acres in the Anson development near Whitestown in Boone County and plans to build 36 homes. Long-range plans call for 255 homes on 145 acres.
Developer gets OK for second phase of apartment project
Trinitas Ventures of West Lafayette plans to break ground next spring on a $20 million student housing project on Indiana Avenue with 214 units. The developer already has built 253 units on the site.
At Home Quarterly: Housing marketplace stats
A look at housing sales, mortgage rates and home ownership trends. Also included are the most expensive home sold during the third quarter and examples of what $300,000 can buy.
Bringing New Orleans home to Indianapolis
Frank and Katrina Basile’s Lake Clearwater abode is (almost) filled with art from The Big Easy.
Indy-area homebuilding bouncing back
New-home construction is on track to rise more than 10 percent this year in the nine-county Indianapolis area.
History on the block: 3650 Spring Hollow
David M. Parry was known a century ago for his hatred of labor unions and for the cars he built, but he also made his mark with the Golden Hill estate he organized near White River. Today, the home at 3650 Spring Hollow is for sale at $600,000. The house is in mostly original condition but needs a comprehensive restoration.
Indianapolis-area landscape companies directory
A directory of landscape companies in the Indianapolis area.
Indianapolis-area landscape architects directory
A directory of landscape architects headquartered in the Indianapolis area.
Focal point for Mass Ave project: Huge electronic screen
The most striking feature of a proposed $43-million development along Mass Ave is a Times Square-style electronic screen that would wrap around the building's corner and rise more than three stories.
Report: Apartment gains could cool in 2013
Indianapolis-area apartment occupancy and rent rates should continue to grow in 2013, albeit at a slower pace, as developers finish more units and the single-family market picks up steam, the locally based apartment brokerage Tikijian Associates predicts in a new report.
Developer secures financing for $9M Irvington project
Developers are one step closer to building a $9 million apartment project to replace a blighted former hotel in Irvington.
Area home-sale deals rise for 17th straight month
Home-sale agreements in the nine-county Indianapolis area rose 3.8 percent in September, the 17th consecutive month of improvement in sales contracts.