Archive for the ‘Real Estate Quarterly’ Category
This is a specific focus of a weekly MBJ edition.
The 25 acres that once made up the Rapids on the Reservoir water park have been designated for a new life as a commercial development, but the location is hardly a sure bet as a viable shopping destination, real estate professionals say. Too much commercial space is already going begging in the communities near the [...] [...]
CB Richard Ellis reports Memphis office market still seeing limited demand; large transactions help absorption on industrial space side. The third quarter brought Memphis its first up-tick in asking rental rates since 2008, going from $9.52 to $9.64, a survey by the Memphis office of national commercial real estate firm CB Richard Ellis showed. CB [...] [...]
Greenville attorney Bill Walker draws from real-life experience with fraudulent real estate scheme On a cold February night, with hunting season over and the weather too cold for fishing, Greenville attorney Bill Walker decided to write a book on a subject he knew all too well: mortgage fraud. Around 2001, Walker began taking on the [...] [...]
BancorpSouth’s Memphis borrowers stayed solvent longer, delaying in loan repairs Regional bank BancorpSouth attributes much of the earnings pain it is enduring today to high-quality big-money borrowers in metro Memphis who ran out of money later in the real estate bust than did others. “Because of borrowers we were dealing with, we dealt with issues in [...] [...]
Trustmark’s Richard Hickson isn’t quite sure what to make of Memphis. The chairman & CEO has wrestled more with real estate loan problems in Florida. But Tennessee, especially Memphis, occupied a lot of his attention in the last quarter. The past quarter impaired loans in Memphis and the rest of Tennessee forced the Jackson-based Trustmark [...] [...]
by Ted Carter Published: August 29,2010
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Overall, area is down, but Downtown Jackson and Lakeland area lead the way with positive commercial absorption numbers Jackson’s downtown office leasing rebounded from a 14,000 square-feet negative space absorption in the first quarter to end the second quarter with positive absorption of 5,000 square feet, data gathered by Parkway Properties show. The Central Business [...] [...]
by Amy McCullough Published: August 29,2010
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Poor home sales taking a beating as blame is placed on new regulations Should environmentalists be concerned about banks’ carbon footprints? “Trees are dying,” said a loan originator at a small Jackson bank while pointing to a stack of home loan applications, each three inches thick. They used to be one-fourth of an inch, she [...] [...]
by Ted Carter Published: August 29,2010
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Some are calling it a Catch-22, others compare it to the chicken-and-egg debate, but the bottom line is customers with great credit are being denied the opportunity to buy houses A team of Palo Alto, Calif., researchers announced a couple of weeks ago that they’ve solved the Rubik’s Cube riddle in a series of 20 [...] [...]
by Ted Carter Published: August 29,2010
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Greenville real estate broker Betsy Alexander last week broke down the days the last three houses she sold stayed on the market: 358, 258 and 199. By most measures, that’s a long time to wait for a closing. But in Greenville’s stagnant and saturated market moving houses at that clip can put you ahead of [...] [...]
Madison broker associate specializes in helping people design and build their homes from the start Shellye Beach was encouraged to enter a career in real estate by an agent she hired to sell her first home. “I was selling my first home, and the woman I listed it with encouraged me to get in the [...] [...]
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