Cornelius M. Alig, chairman and CEO of Mansur Real Estate Services Inc., filed for Chapter 7 protection, listing $11 million in personal debt he attributed to the prolonged slump in the real estate market.
Ball State University plans to build a $25 million hotel in a building that will also have student-housing space, conference rooms and two restaurants.
Pulte is tossing out the prior builder's playbook, which called for duplexes aimed at buyers 55 and older. Pulte rezoned the land to allow for single-family homes on larger lots. The resulting 123 home sites will accommodate ranch-style homes starting in the low $100,000 price range.
One of the most conspicuous local remnants of the condo crash—an unfinished $150 million South Carolina-themed community near Keystone at the Crossing—could finally be completed, as apartments.
Investment Property Advisors agreed to reduce the size of the apartment building from 26 stories to 10 stories and from 485 units to 319 units to help gain support from the city.
The 324-unit Lakes of Carmel apartment complex has been sold, a real estate broker involved in the sale announced Friday. Terms of the sale were not announced, but the property was previously sold in 2006 for $21.8 million.
Purchase agreements in the nine-county area increased 4.9 percent over March 2011. Existing home sales were up 13.3 percent in the first quarter of 2012 and have recorded year-over-year improvements for 11 straight months.
Newly confident buyers seeking to capitalize on low mortgage rates have discovered there’s a scarce supply of well-maintained existing homes for sale and are turning in larger numbers to new homes.
Plans call for the vacant, two-story former Bank One Operations Center at the northwest corner of Washington and East streets to be converted into a five-story apartment building with office or retail space on the first floor.
New-home permits in the Indianapolis metropolitan area rose 13 percent in the first three months of 2012 compared with the same quarter last year, bolstered by stronger activity in February and March.
Actual foreclosures sank to a five-year low in March, but the number of homes entering the foreclosure process is on the rise again.
A study commissioned by the office of Mayor Greg Ballard envisions a much more densely populated, walkable downtown core stretched by several blocks and supported by another Circle Centre mall's worth of retail and enough new office space to double the size of Chase Tower.
The Piccadilly, at 16th and Pennsylvania streets, will undergo a historically sensitive renovation of its 58 units.
A partnership of Flaherty & Collins Properties and Insight Development Corp. was awarded rental housing tax credits by the state that will be sold to finance construction of a 61-unit, $11.5 million apartment project at 555 Massachusetts Ave.
The Metropolitan Development Commission moved a vote on the proposal to April 18 after expressing concern that it didn’t have enough time to review plans that reduce the project from 26 stories to 10. The developer criticized the delay.
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Arteffects Inc. — Architectural Interiors 4420 N. Meridian St., 46208 (317) 927-0000 Professional interior designers: 2 Other professionals: 1 Services: cost-effective design that enables a desired lifestyle or business operation to occur in inspiring, purposeful ways Head(s) of local operations: Wayne Olander, president and design director Owner(s): Wayne Olander Headquarters city: Indianapolis Year established locally: […]
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At 10,000 square feet, Paul and Sarah Lushin’s sprawling French Country residence offers plenty of space for recreation and entertaining. It also serves as home base for the family’s quarter midget racing team.
Developers are catering to nontraditional renters by building units resembling upscale condos.
