Archive for the ‘Real Estate Quarterly’ Category

This is a specific focus of a weekly MBJ edition.

BREAKING GROUND — Mississippi Land Bank sees growth in rural lending

by Published: June 6,2014

Tags: Business, Mississippi, Mississippi Land Bank, real estate

Business has been booming at Mississippi Land Bank, the 90-plus-year-old financial services provider whose staff specializes in lending for rural living and agricultural customers across the northern part of the state. Mississippi Land Bank is a private cooperative, owned by its borrowers through the purchase of stock. the amount of stock is determined by the […] [...]

Real Estate schools are seeing classes get older

by Published: February 17,2014

Tags: Business, education, Mississippi, real estate, school

While the number of real estate agents and brokers in Mississippi has declined by nearly a quarter since the recession began in 2007, many people are still interested in taking the training to become a licensed real estate agent. John Phillips, vice president of professional development\education director, Mississippi Association of Realtors (MAR), said over the […] [...]

Drop in agents, brokers stabilizing — Real Estate workforce had seen steady decline since 2007 recession

by Published: February 17,2014

Tags: brokers, Business, Mississippi, real estate

The recession has taken its toll on the number of licensed sales agents in the state. According to the Mississippi Real Estate Commission, active licenses for salespersons declined from 5,245 in 2007 to 3,655 in 2013. Licensed brokers declined from 4,512 in 2007 to 3,275 in 2013. The total number of licenses regulated dropped from […] [...]

Empty lots or opportunity waiting? Competitive communities have sites prepared and waiting for when business calls

by Published: November 8,2013

Tags: Business, industrial parks, Mississippi

It seems that nearly every town of any size in Mississippi has an industrial park, and some lay vacant for years. mainly growing weeds. There are literally thousands of acres that have been developed to attract industry. That can bring into question whether the purchase of land and installation of utilities — both costly prospects […] [...]

‘NO SITE, NO PROJECT’ — If you don’t have a product, you aren’t going to win the industrial park game

by Published: November 8,2013

Tags: Business, industrial parks, Mississippi

Developing industrial parks can cost a lot of money, and there are certainly never any guarantees of a return on the taxpayer’s investment. What are the pros and cons of deciding to invest in the infrastructure needed to attract industrial and business development? There is a saying: “No site, no project.” “Ready-to-go sites separate communities […] [...]

Developing large projects not for the weak

The complexities of developing a large-scale project from concept to ribbon-cutting aren’t for the faint-hearted. Dealing with plans, permits, titles and unimaginable obstacles can take years and even then, things can go awry on any given day and it’s back to the drawing board. And then there’s the courtship of tenants for retail space and […] [...]

Oklahoma storms have increased interest in home storm shelters

Seeing images of the almost unimaginable destruction from the tornado in Moore, Okla., has prompted a lot of people to make inquiries into building a storm shelter in their home. While there isn’t currently any money from the Federal Emergency Management Agency to help pay for storm shelters in Mississippi, Mississippi Emergency Management Agency Director […] [...]

Home sales rising in parts of the state

People in the real estate business aren’t exactly doing cartwheels, but in some areas of the state homes sales have picked up at an encouraging pace. “I will tell you from conversations with individuals around the state that things are looking up,” said Ken Austin, a Mississippi Coast Realty real estate agent who is president […] [...]

Singing River Mall going open air with new multi-million facelift

Change is coming to Singing River Mall in Gautier. Elements are being put in place to turn the aging traditional enclosed mall into an open air lifestyle shopping center in this city of 19,000 which draws shoppers from surrounding Jackson County. No construction start date has been named for the multi-million-dollar project. “There’s no definite […] [...]

Division of Underwood Properties provides third-party real estate services

by Published: May 31,2013

Tags: Micah McCullough, real estate, UCR Properties

At age 28, Micah McCullough likes what he’s doing and sees a bright future in it. He’s vice president and broker associate of Jackson-based UCR Properties, a division of the Underwood Companies. He helped start UCR Properties in 2009 to provide third party real estate services. “My day-to-day responsibility is overseeing our third party and […] [...]

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