Archive for the ‘REAL ESTATE – Market Sector’ Category

Cochran: Land given to city from Trace will boost Natchez

NATCHEZ — U.S. Sen. Thad Cochran (R-Miss.) says the citizens of Natchez will benefit from the culmination of a legislative effort he started to convey surplus federal property from the Natchez Trace Parkway to the state of Mississippi. Cochran joined Natchez Mayor Butch Brown and other officials for a signing ceremony at which Natchez Trace […] [...]

City officials back off post-shooting rental price hikes

SOUTHAVEN — The city of Southaven has scaled back the rental for city-owned facilities. The city raised the rent after a shooting in July 2013 at the city’s Tennis Center. Mayor Darren Musselwhite tells The Commercial Appeal that officials decided they overreacted. He says they didn’t want to make the facilities too expensive for people […] [...]

Eminent domain hearing to be held over historic cemetery’s fate

MCCOMB — A historic cemetery in McComb will be the site of a court hearing this week. The eminent domain hearing was scheduled after area residents asked the city to take over and clean up Greenwood Cemetery. Judge John Price will convene the hearing tomorrow in the Pike County Courthouse, but will then move it […] [...]

Landmark Center’s sale price surprises bidder

Downtown Jackson’s Landmark Center has a new owner, having sold at a minimum bid auction for about $2.125 million on July 31 to an undisclosed buyer. The final bid price surprised the Hertz Investment Group, a prominent downtown Jackson office property owner which had sought to buy the  345,000-square-foot building vacated two years ago by […] [...]

Businessman involved in Frankel insurance scam dies at 81

CORINTH — Marvin Thurston Little, a colorful political figure in Mississippi and a Corinth businessman who got caught up in an insurance scam run by Martin Frankel, has died in a nursing home in Booneville. He was 81. Officials with Magnolia Funeral Home in Corinth say Little died Monday at Landmark Nursing Home in Booneville. […] [...]

Report: Mississippi sees biggest hike in home insurance premiums in U.S.

ACROSS MISSISSIPPI — Average annual home insurance premiums in Mississippi increased 15.5 percent during the second quarter of 2014, the largest hike of any of the 25 states that experienced increases, according to the HomeownersInsurance.com Premium Report. The average climbed to $1,170 a year. Nationally, premiums rose to $829 during the quarter, about 2.1 percent […] [...]

Walker sentenced to 18 months for fraud, conspiracy

HATTIESBURG — Ocean Springs businessman Scott Walker was sentenced yesterday to 18 months in federal prison for his role in defrauding the Mississippi Department of Marine Resources and the city of D’Iberville. U.S. District Judge Keith Starrett also ordered Walker to pay $390,000 in restitution, the amount he admitted netting through the two schemes, and […] [...]

Blue Cross, Habitat building home for Jackson family

Blue Cross & Blue Shield of Mississippi is building a home for a Jackson family as part of a Covenant Build project. The home at 1027 Gentry St. will provide a home for Latoya Eubanks and her two children. Blue Cross & Blue Shield of Mississippi’s Team Blue employees are providing 100 percent of the […] [...]

Pickwick Pines settles lawsuit; pays $260K

IUKA — Pickwick Pines Resort and its owner have agreed to pay $260,000 to settle a consumer protection lawsuit that the state attorney general filed in federal bankruptcy court. The Northeast Mississippi Daily Journal reports that the resort’s owner, David McMeans, will pay $10,000 to the attorney general’s Consumer Protection Fund. He also will pay […] [...]

Supreme Court rules for city in annexation case involving hospital

OXFORD — The Mississippi Supreme Court has upheld a state judge’s order that lets the city of Oxford annex the site of Baptist Memorial Hospital-North Mississippi’s new hospital. In March 2013, a Lafayette County chancery judge ruled in favor of several landowners who petitioned the court to allow Oxford to take in the property. The […] [...]

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