Archive for the ‘REAL ESTATE – Market Sector’ Category

Group pushes for bill to disclose insurance costs by area

JACKSON — A group of lawmakers and residents from the Mississippi Gulf Coast are again pushing a bill that would require insurance companies to disclose, by geographic area, how much they are charging to insure property. The idea, which originated in Alabama, is meant to provide evidence to people who are fighting for lower insurance […] [...]

Critics say Pearl out to eliminate mobile homes and apartments – not safeguard them

Pearl is taking dramatic — and some say unprecedented and unconstitutional – steps to rid the city of manufactured homes and to downsize existing apartment complexes. October brought requirements that manufactured home parks and rental complexes build community storm shelters able to accommodate all residents and withstand the force of a F-2 tornado. In addition, […] [...]

Challenging times ahead for Pearl’s manufactured home residents, apartment complex owners

A proclamation from Gov. Phil Bryant declaring October “Manufactured Home Month” noted the factory-built dwellings provide housing for 507,000 Mississippians. But there could soon be manufactured housing for far fewer people in Pearl, a Rankin County city of about 25,000 residents. Public safety and a desire to keep non-conforming land uses from “going on forever” […] [...]

Madison rental ordinance dispute before Miss. Supreme Court

by Published: January 12,2015

Tags: Business, Mike Crook, Mississippi, real estate, Supreme Court

JACKSON — The Mississippi Supreme Court has agreed to review property owner Mike Crook’s challenge to a city of Madison ordinance he argues was designed to keep renters out of the Jackson suburb. Crook was convicted in 2011 of violating the ordinance and fined $600. The state Court of Appeals denied Crook’s appeal in 2014. […] [...]

Westin developers aim high on room rates

by Published: January 9,2015

Tags: Business, hotel, Mississippi, NEWS, real estate, Westin

Downtown Jackson’s hotel market has been on a rollercoaster of sorts over the past six years as occupancies fell to less than 40 percent some months and climbed into the high 60 percent range other months. Revenue per room — calculated by multiplying a hotel’s average daily room rate by its occupancy rate — has […] [...]

Judge dismisses challenge to Jackson’s $9M hotel loan

Any questions about the legality of the City of Jackson about $9 million to a developer of a downtown Westin Hotel won’t be answered anytime soon, if ever. Hinds Senior Circuit Judge Tomie Green late Tuesday dismissed Jackson lawyer Herb Irvin’s request for a declaratory judgment on whether Jackson would violate the Mississippi Constitution by […] [...]

Deerfield Golf Club owners say club on par

by Published: January 9,2015

Tags: Business, Deerfield, Golf, Mississippi, real estate

By JACK WEATHERLY Mark Twain is credited with saying that “golf is a good walk spoiled.” If he were to stroll across the 150 acres that had been Jackson’s Colonial Country Club till it closed last year, the famed author’s musing might not be disrupted, save for navigating the tall weeds that have overtaken the […] [...]

Clinton office complex sold for $20.5 million

CLINTON — The Hertz Investment Group is adding to its dominant position in the metro Jackson office market. Hertz, based in Santa Monica, California, announced Friday that it has purchased the South Pointe Business Park in Clinton for $20.5 million. The 400,000 square-foot complex just south of Interstate 20 was built in 1996 as the […] [...]

Tanger Outlets involved in Southaven project

by Published: December 17,2014

Tags: Business, Mississippi, NEWS, real estate, retail

SOUTHAVEN — Outlet mall operator Tanger is expected to announce soon its involvement in a project in Mississippi. Southaven Mayor Darren Musselwhite says the public part of the project has been addressed. Southaven and DeSoto County officials several years ago approved a $15 million tax increment financing plan in which bonds will be issued to […] [...]

Former Lane Furniture plant sold for $1.45 million

by Published: December 15,2014

Tags: United Furniture Doug Hanby

United Furniture Industries has bought the 475,000-square-foot former Lane Furniture Industries in Verona for $1.45 million. Doug Hanby, United chief financial officer, said in a news release on Monday that the facility will used as a manufacturing facility for stationary furniture, and hopes to open it during the first quarter of next year. United Furniture […] [...]

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