Archive for the ‘REAL ESTATE – Market Sector’ Category

Real Estate Forum panelists: Lenders, investors hungry for deals on residential rentals in Miss., elsewhere

By TED CARTER Such Mississippi cities as Ridgeland and Pearl are fed up with multi-family residential complexes to the point they want to retroactively zone them out of existence. But the market for such developments across Mississippi and the rest of the South is white hot and likely to grow even hotter, said commercial real estate […] [...]

Chancery Court’s interpretation of ‘public use’ will guide ruling on Westin money

By TED CARTER  How “public purpose” should be defined under Mississippi’s urban renewal laws is a question Hinds Chancery Judge Michael Singletary is thinking over. The question is at the heart of a challenge to the use of tax dollars as collateral for loans on a Westin hotel planned for downtown Jackson. In a hearing […] [...]

(WITH VIDEO) Funding secured for Capitol Art Lofts in downtown Jackson

By JACK WEATHERLY Two years after HRI Properties announced that it would convert historical, vacant buildings into 31 loft apartments in the 200 block of West Capitol Street in Jackson, it said on Tuesday it will move forward with the project now that it has the funding. The delay was caused by the unavailability of […] [...]

Jackson-area Habitat dedicates 600th house

by Published: April 9,2015

Tags: Business, Habitat for Humanity, McRae's, Mississippi, NEWS

Habitat for Humanity Mississippi Capital Area celebrates a major milestone on today with the dedication of its 600th house.  Known as the McRae Build, the 600th house is funded by the Selby and Richard McRae Family Foundation. The HFHMCA Board of Directors and staff will honor McRae and the McRae Family at the dedication, scheduled […] [...]

JACK WEATHERLY: Finding a house, defending a neighborhood, finding a voice

by Published: April 8,2015

Tags: Business, column, JACKSON, Mississippi, NEWS

We covered much of the metro Jackson area in our search for what would become our fifth home around the South (sixth if we count the apartment with access by rickety wooden outside stairs where we first lived). A white brick, one-story house built in 1963 kept making the cut. Two conical evergreen shrubs rising […] [...]

COMMERCIAL FINANCE 701: Negotiating commercial loans — Is there an app for that?

» EDITOR’S NOTE: Commercial Finance 701 is a continuing series on commercial loans written exclusively for the Mississippi Business Journal.  This series is geared to lenders, developers, investors and transactional attorneys.   This new digital world has re-wired us for instant gratification. We have no patience.  We want an “app” for everything.  Unfortunately, negotiating a […] [...]

Hearing about Chinese drywall damage scheduled for April 28

NEW ORLEANS — A lawyer says last week’s $3.2 million payment for Chinese drywall damage to seven houses is a good sign for thousands of others in at least six states. Plaintiffs’ attorney Russ Herman says it now seems a matter of proving damages for up to 4,000 other people who sued Taishan Gypsum Co. […] [...]

Office occupancy edged up throughout Metro Jackson

Vacancies in Metro Jackson’s office market dropped by 1.9 percent last year as the Central Business District and other sub-markets achieved a net absorption of 129,612 square feet of previously vacant space, the CB Richard Ellis Jackson office reports. The increased leasing brought the market-wide vacancy rate to 21.4 percent, according to the CBRE Office […] [...]

Supermarket incentives for distressed communities die in House

Tax credits have helped to bring grocery markets back to New Orleans after Katrina, including Circle Food Store on Bernard Not this year. Mississippi House members let a bill die last week that would have created incentives for supermarkets to open in under-served areas. The legislation, Senate Bill 2840, was seen as a way to […] [...]

People in the South move more than those in other US regions

by Published: March 18,2015

Tags: Business, Census Bureau, Mississippi, NEWS

ORLANDO, Fla. — Southerners moved a bit more last year than people who lived in any other region of the United States. New figures released Wednesday by the U.S. Census Bureau show that 12.5 percent of people in the South moved from 2013 to 2014. They moved either within their county, from one home to […] [...]

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