Indianapolis-area experts see bright spots amid ongoing real estate weakness
Health care shows signs of life, and multi-family buildings continue to hold their own, experts said during a recent IBJ Power Breakfast.
Residential Real Estate
Articles
Farmland sales go flat in suburban Indianapolis
The real estate bust and a drought in transactions make values all but impossible to gauge.
Builder’s lakeside home defies rustic expectations
Sparse interiors, vast windows and thoughtfully placed artwork define the look and feel of the Sundstrom home. Their minimalist approach gives top billing to the view and natural surroundings that originally persuaded the couple to relocate.
Local senior living manager makes $60.5M acquisition
Indianapolis-based Keystone Senior Living LLC has acquired a portfolio of 28 communities in Minnesota and Wisconsin, more than doubling the units it has under management.
3Mass resident sues developer over accessibility
A resident of the 3Mass condo development who uses an electric wheelchair is suing the developers for failing to provide handicap accessibility to a rooftop terrace.
Home sales continue to slump, but prices rise
Home-sale agreements in the nine-county area fell 22.8 percent in September when compared with the same month a year earlier, according to a report released Tuesday by F.C. Tucker Co.
White House doubts need to halt all foreclosures
A top Obama adviser questioned the need Sunday for a blanket stoppage of all home foreclosures, despite evidence that banks have used inaccurate documents to evict homeowners.
Economy too much for century-old lumberyard
A lumberyard and hardware store that survived the Great Depression and two World Wars has fallen victim to modern economic pressures and will close after more than a century.
Downtown praised for ‘livability’ but needs more residents
The past decade has seen roughly 5,000 more residents living downtown than in 2000, wooed by new condos and apartments within walking distance of growing retail and cultural attractions. There are now 25,000 downtown residents—but still a long way from the 40,000 city leaders want by the end of the next decade.
City not impressed with fixes proposed by Di Rimini developer
Developer Jeff Sparks met with city planners Oct. 1 to propose fixes to the apartment project at Capitol Avenue and St. Clair Street.
Lucas Oil owners to buy former Hilbert estate
Lucas Oil Products Inc. owners Forrest and Charlotte Lucas confirmed they were buying the property for $3 million at a news conference Wednesday afternoon. It will be used for “business activities and community functions.”
Estridge scales back Symphony development in Westfield
The Estridge Cos. said it is reducing Symphony from a planned 1,400 acres to a size that will closer rival the Carmel-based home builder’s 436-acre Centennial development, also in Westfield.
City meets deadline to get federal money for housing projects
The $29 million will be used to acquire and demolish or rehabilitate foreclosed and abandoned homes.
Developer seeks rezoning for Canal apartments
The city’s Division of Planning was set to hear a request Thursday afternoon by Valparaiso-based Investment Property Advisors LLC to rezone property near the Central Canal for a 150-unit apartment complex.
Schlage acquires Fusion door-hardware division
Schlage’s purchase of the Georgia-based company’s division gives it immediate access to the decorative door hardware and lock market, the company said.
Local building permits down again in August
The number of building permits filed in the nine-county metropolitan area dropped by 18 percent in August from the same time a year ago, falling from 354 to 290. The drop marks the third consecutive month permits have fallen.
Home construction jumps nationally
Housing starts are up 25 percent from their bottom in April 2009. But they remain 74 percent below their peak in January 2006.
U.S. homes lost to foreclosure up 25 percent this year
August makes the ninth month in a row that the pace of homes lost to foreclosure has increased on an annual basis. Banks have been stepping up repossessions to clear out their backlog of bad loans.
Bank suing Estridge Cos. for securities fraud
Bank of Indiana files complaint against the home builder, alleging it failed to repay a $1 million investment due June 30. The complaint further accuses law firm Krieg DeVault LLP of malpractice and breach of fiduciary duty.
Fishers becomes draw for seniors projects
One skilled-care facility is about to open and another will break ground this month.