Archive for the ‘REAL ESTATE – Market Sector’ Category

Redevelopment underway in Delta of low-income housing

YAZOO CITY — Construction has begun on the redevelopment of Magnolia Crossing, an 86-unit housing development of single-family homes and duplexes for low-income families in Yazoo City. The Federal Home Loan Bank of Dallas (FHLB Dallas) and Bank of Yazoo provided Magnolia Crossing a $460,000 Affordable Housing Program (AHP) grant to assist with the renovations. […] [...]

New York firm buying majority interest in Tupelo mall, shopping center

TUPELO — Rouse Properties Inc., a New York-based owner and operator of enclosed regional malls, has entered a joint venture partnership with David Hocker & Associates Inc. to own and operate The Mall at Barnes Crossing, a single-level, 670,000-square-foot enclosed regional mall in Tupelo. The joint venture also includes Market Center, a 60,000-square-foot strip shopping […] [...]

DMR chief: Agency should not have purchased residential property

PASCAGOULA — The Mississippi Department of Marine Resources should not have bought a residential lot in 2010 from the parents of a woman who was then a manager in the agency, says agency’s the current leader. DMR executive director Jamie Miller told The Sun Herald there are still questions about the propriety of the land […] [...]

FLIPPING OUT — Flipping houses is popular in much of the country, but in Mississippi …

by Published: August 29,2014

Tags: Business, Mississippi, Re-Max Partners, real estate, RealtyTrac

Cash purchases of homes in the U.S. have reached an all-time high representing one in three purchases. And while many of those are people who are buying a personal home or second home, a significant number are purchasing the homes as investments either to offer as rentals or to “flip”. The idea is to buy […] [...]

PriorityOne buys mortgage lending offices; forms ‘Delta Division’

MAGEE — PriorityOne Bank has acquired new mortgage lending offices in Greenwood and Greenville, which have been dubbed the “Delta Division” of PriorityOne Mortgage. These offices will give PriorityOne Mortgage the ability to service cities and towns in the Delta region of Mississippi. Robert J. Barnes, president and CEO of PriorityOne Bank, said, “We are […] [...]

FNC launches modernized version of AppraisalPort

by Published: August 26,2014

Tags: AppraisalPort, FNC Inc, Jon Fisher, mortgage technology, real estate

OXFORD — Mortgage technology firm FNC Inc. has released a new version of its own product, AppraisalPort. “The new AppraisalPort platform is completely modernized. It’s one of the more advanced sites you’ll see, definitely in our industry and I believe in the technology world in general,” said Jon Fisher, managing director of product management at […] [...]

Diamondhead Casino Corporation wins site approval

DIAMONDHEAD — A 400-acre tract of land near the Bay of St. Louis just off of Interstate 10 near Diamondhead has been approved as a location for a casino. The Mississippi Gaming Commission gave site approval to Diamondhead Casino Corporation. The next time the casino will go before regulators is when financing is in place […] [...]

Judge rules for Fish and Wildlife Service in frog habitat case

NEW ORLEANS — A federal judge has ruled that U.S. Fish and Wildlife officials were within the law when they declared thousands of acres in Louisiana and Mississippi as “critical habitat” for the endangered dusky gopher frog. The case involved 1,544 acres in St. Tammany Parish and 5,000 acres in Mississippi named as critical habitat […] [...]

MBJ Special report: MDA numbers help with cities’ retail pitches

by Published: August 21,2014

Tags: Business, commercial development, Mississippi, real estate

Mississippi communities looking to land a big retailer such as Walmart or Target often give the Mississippi Development Authority a call. That is where they will get the retail sales numbers for their area broken down to nearly a dozen categories. The numbers, through “pull-factor” calculations, also give an idea of whether the buyers live […] [...]

MBJ Special Report: Cities learn value of partnering for retail

Mississippi’s mayors and county supervisor chairs relish putting on hardhats and grabbing a shovel for groundbreakings on new retail developments. But to get to that point, communities are learning they must shape partnerships with developers instead of depending on a developer’s determination to walk over hot coals in bare feet to get a project built. […] [...]

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