Archive for the ‘REAL ESTATE – Market Sector’ Category

Developers converting historic buildings into mixed-use facilities

HATTIESBURG — If Daniel Jussely and Rob Tatum have their way, downtown Hattiesburg soon will be a cultural hub of “urbanite lifestyle” in Mississippi. As co-owners of Hub City Lofts, Jussely and Tatum are rejuvenating two of the Hub City’s oldest buildings, converting them into more than 50 loft-style apartments and more than 14,000 square [...] [...]

Commission eyeing unauthorized changes to historic structures

by Associated Press Published: May 19,2013

Tags: Commercial Real Estate, commission, culture, historic, history, preservation, preservationist, real estate

GREENVILLE — Historic preservationists are trying to figure out how to keep the owners of historic buildings in Greenville from making unauthorized changes. The discussion was sparked by the unauthorized removal of the stucco facade of a downtown building earlier this month, the Delta Democat Times reports. Owners didn’t get a city permit or consult [...] [...]

FNC index: Housing sees 13th consecutive price increase

OXFORD — The latest FNC Residential Price Index (RPI) shows the U.S. housing market continued to recover, recording in March the 13th consecutive price increase. In recent months, the ongoing housing recovery has maintained its pace with steady and persistent gains in home prices despite signs of continued job market weakness and soft economic growth, [...] [...]

City, state to hold second sale of tax-forfeited property

GREENVILLE — Secretary of State Delbert Hosemann and Greenville Mayor John Cox are hoping the second round of tax-forfeited land sales in Greenville will be just as successful as the first. In a joint press conference, Hosemann and Cox announced the public sale of another 94 parcels of tax-forfeited land, valued at $210,000. “I would [...] [...]

Commission wants home to be national landmark

OXFORD — The Oxford Historic Preservation Commission wants the 165-year-old antebellum Shaw House registered as a national landmark so someone will buy and restore it. The home was built in 1848 by Oxford brick maker Dave Kennedy and has been in the Shaw family since 1929. It’s located on 5.8 acres of land and is [...] [...]

Real estate company paying $1M for compromising wetlands

HANCOCK COUNTY — A Mississippi corporation has pleaded guilty to illegally filling wetlands near Bay St. Louis. Hancock County Land, LLC entered the plea yesterday and agreed to pay a $1-million fine and take remedial measures for two felony violations of the Clean Water Act., said U.S. Attorney Gregory K. Davis and Assistant U.S. Attorney [...] [...]

Defunct casino to be moved; cost could rise depending on ‘crud’

by Associated Press Published: May 15,2013

Tags: auction, bankrupt, bankruptcy, casino, Commercial Real Estate, counrt, demolition, gamble, gambler, gaming, judge, scrap

VICKSBURG — By late August, Vicksburg’s downtown City Front will be without a floating casino for the first time since 1993 if the winning bidder at an auction April 25 for the former Grand Station Casino follows through on a bankruptcy court-ordered sale of the vessel. What happens to the spot beyond late summer is [...] [...]

MDA adds $40M to Katrina fund for omitted neighborhoods

MISSISSIPPI GULF COAST — The Mississippi Development Authority has added $40 million to the post-Katrina Neighborhood Home Program to reach eligible residents initially left off the list. Under the program, contractors are repairing Katrina-damaged homes not covered by previous disaster assistance. Jon Mabry, chief operations officer of MDA’s recovery division, told The Sun Herald 1,200 [...] [...]

Owners selling Elvis’ ranch; want it to be tourist destination

HERNANDO — A group of Elvis Presley fans wants to preserve the memory of the king’s cowboy side by finding a buyer for a DeSoto County ranch to make it a destination for visitors. Elvis bought the roughly 150-acre Circle G ranch in 1967 as a place to ride horses and get away from Graceland. [...] [...]

County buying four flood-proned homes through MEMA

PEARLINGTON — Hancock County’s buy-out program has finally gotten off the ground. Four homes in the Pearlington community are currently in the process of being purchased through the Mississippi Emergency Management Agency program. County leaders tell WLOX-TV they will have up to $10 million to purchase as many repetitive loss properties as they can. Supervisor [...] [...]

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