Bank trying to sell former home of Premier Properties founder
A Lake Clearwater mansion formerly owned by Premier Properties founder Christopher P. White is up for sale with an
asking price of $1.48M.
Residential Real Estate
Articles
Delta Faucet parent lowers forecast for housing starts
The Carmel-based company backed off earlier predictions after a mid-year slow-down that could affect its sales.
New home sales up nationally, but pace remains slow
The housing market had boomed earlier in the year on the strength of federal tax credits. Since they have expired, the number
of people looking to buy has dropped even with the lowest mortgage rates in decades.
Financial upheaval produced war stories galore
The foreclosure epidemic has left a wake of carnage in the Indianapolis area.
High-end home market hits foreclosure lull
Until this year, Indiana’s foreclosure epidemic knew no demographic boundaries. But suddenly that’s changed. Since March,
not a single foreclosure on a house priced at $1 million or more has been filed in the Indianapolis area—a possible
sign of better times for uber-expensive homes.
Local investors make big bet on senior housing
With the first baby boomers set to turn 65 in six months, investments in senior housing are heating up. A group of Indianapolis-area
professionals—including Mark Waterfill (left) and Tony Schantz—have banded together to launch three senior housing
projects around the state, spending $49 million and looking
to do more.
Deadline approaches for Richelieu offers
John Jacobs and a Cleveland-based partner have put a Friday deadline on offers for the 62-unit Richelieu apartments, a two-building
property at the intersection of North and East streets and Mass Ave.
Homes lost to foreclosure on track to top 1 million this year
Nearly 528,000 homes were taken over by lenders in the first six months of the year, a rate that is on track to eclipse the
more than 900,000 homes repossessed in 2009.
Hilbert mansion to be auctioned
CNO Financial Group Inc. will resort to a sealed-bid auction to unload the lavish Hilbert mansion in Carmel, which has been
on the market for five years. Its latest asking price was $9.9 million.
Ruth Lilly’s Crows Nest estate listed at $2.9 million
The late philanthropist’s gated property at 555 Kessler Blvd. in Crows Nest includes a 7,726-square-foot home with indoor pool, a guest house of
about 2,000 square feet and formal gardens.
Indianapolis-area homes sales decline 10 percent
However, average home-sale prices for the area sprouted 7 percent from the same month a year earlier, to more than $159,000.
City receives $4.9 million for homeless initiatives
Federal funds will help provide 69 additional beds in three Indianapolis locations, including a large apartment
complex on the east side.
Van Rooy sweeps national maintenance ‘Olympics’
Three of the local firm’s employees beat 3,000 contestants nationwide at a competition in New Orleans.
Westfield’s proposed Symphony development under review
The Westfield planning commission has asked city employees to further review the 1,400-acre mixed-use project that could include
thousands of homes, shops, a YMCA and a baseball stadium.
Delta Faucet adaps to new normal in homebuilding
The company's total employment is 1,345, down 43 percent from 2007.
Trustee asks for Hansen & Horn bankruptcy to be dismissed
Beleaguered home builder doesn’t appear to have funds available to pay an attorney to prepare
necessary paperwork for Chapter 7 liquidation, trustee says in court filing.
Subcontractors come to Estridge’s aid with $10M investment
Estridge Cos.’ subcontractors have invested $10 million into the firm led by COO Matt Cohoat and CEO Paul Estridge Jr.—an
infusion that paves the way for them to proceed with
a massive development in Westfield.
Greenwood mobile home park sold to Illinois firm
Indy Mobile purchases 527-lot Friendly Village through a court-appointed receiver.
Fort Ben home, condos fail to sell at auction
Auction turns up no buyers for the former home of the commanding general at Fort Benjamin Harrison and four condominiums at
the old Army base.
RUBENSTEIN: New law may put limits on residential seller financing
A new federal law intended to enhance consumer protection and reduce fraud in the residential loan market may put the kibosh on seller financing of residential properties. This has huge implications for owners of rental housing.