Archive for the ‘REAL ESTATE – Market Sector’ Category

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 […] [...]

Options for exprison site in Leflore County studied

GREENWOOD — Leflore County officials are looking for possible uses for the shuttered former Delta Correctional Facility after a bill to authorize placing state inmates there died in the Legislature. House Bill 1044 died in the Senate after Corrections Committee Chairman Sampson Jackson, DPreston, declined to bring it up for a vote. The Greenwood Commonwealth […] [...]

Zoning code change dropped after NE Jackson protest

By JACK WEATHERLY A proposed amendment to the Jackson zoning code that would have allowed commercial redevelopment in districts set aside for parks, golf courses, hospitals and churches across the city was removed from consideration Monday — to the applause of an overflow crowd at Jackson City Hall. Members of about a half-dozen northeast Jackson neighborhood associations were in […] [...]

COMMERCIAL FINANCE 701: Title certificates, reports, commitments & policies: The difference may be your job!

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. A distinguished Mississippi attorney once observed, “Words mean so much more when you know what they mean.”  In some cases, words just don’t mean what we […] [...]

Belhaven looks forward to University Village opening

by Published: February 16,2015

Tags: Belhaven University, Business, education, Mississippi, NEWS

JACKSON — Construction of a $7 million residence hall that began in September at Belhaven University is nearing completion, and students are looking foward to its availability in August. The three-story, U-shaped building will house 132 students, both men and women, in apartment-style units. Each unit will include four bedrooms, two full baths, a kitchen […] [...]

MAKING DREAMS COME TRUE — Mississippi bankers see increase in young homebuyers

By BECKY GILLETTE With rent going up in many areas, and employment rising as the economy improves, home buying is beginning to improve in some areas of the state. “Lower rates are improving housing affordability relative to rents, and many of the recent applicants think this is a good time to buy,” said Scott Dickey, […] [...]

The Meridian envisioned as catalyst for Jackson’s medical corridor development

by Published: February 12,2015

Tags: Business, Fondren, John Ditto, Mississippi, NEWS, real estate, Stewart Speed

By TED CARTER A nearly five-acre patch of land across Lakeland Drive from University of Mississippi Medical Center is about as close as a Jackson developer can get to a sure thing. At least that’s the way development partners Stewart Speed and John Ditto see the property and its potential for success as home to […] [...]

AWAITING ITS FATE: Gables complex may have to shrink to meet law

Having lost in a bid for a reprieve from Ridgeland city officials, The Gables apartment complex has started the new year with the prospect of having to demolish a number of units in order to meet new building density limits. A zoning law adopted last February designates apartment complexes with over 10 units an acre […] [...]

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