Mississippi Business Journal » REAL ESTATE – Market Sector

County wants Entergy customer records; utility says it’s ‘fishing’

Associated Press — Thu, 13 Jun 2013 12:22:37 +0000

MADISON COUNTY — County officials are seeking customer information on 25,000 Madison County residents from Entergy Mississippi in an ongoing investigation of homestead exemption fraud, but the utility is fighting what it calls “a fishing expedition” in a case before the Mississippi Supreme Court. “The only thing we’re asking from Entergy are regularly kept business [...]

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Diamondhead exploring zoning change to allow for casino

Associated Press — Wed, 12 Jun 2013 14:45:00 +0000

DIAMONDHEAD — The Diamondhead Planning Commission will hold a meeting later this month to consider a zoning change to allow a casino at the site of the old Harbor House property. City manager Richard Rose tells The Sun Herald the meeting will be on June 26 at City Hall. The planning commission will hear from [...]

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City given tobacco warehouse seized by FBI

Associated Press — Tue, 11 Jun 2013 22:14:52 +0000

TUPELO — The federal government has handed over a downtown warehouse seized during FBI raids in 2009 to the city of Tupelo. The FBI, the U.S. attorney’s office and the U.S. Marshals Service made the announcement Tuesday. Authorities said in a news release that the 100,000-square-foot warehouse was forfeited as the result of an investigation [...]

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Ex-housing director pleading guilty to conspiracy to embezzle

Associated Press — Tue, 11 Jun 2013 17:46:33 +0000

SHELBY — The former director of a nonprofit housing agency has agreed to plead guilty to charges against her and testify against an ex-state employee. Linda Balducci of Shelby pleaded guilty last week before U.S. District Judge Michael Mills to one count of conspiracy to embezzle money. Court papers show that Balducci also will testify [...]

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Senators introduce bill aimed at keeping down flood insurance costs

MBJ Staff — Mon, 10 Jun 2013 15:41:33 +0000

WASHINGTON — U.S. Sen. Thad Cochran (R-Miss.) today joined Sen. David Vitter (R-La.) to introduce legislation to avoid flood insurance rate increases. Cochran is the primary cosponsor to the Responsible Implementation of Flood Insurance Reform Act, which was developed in response to increasing concerns from Mississippians about the prospect of significantly higher flood insurance rates [...]

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Realtors report better prices, sales in metro Jackson

Associated Press — Sun, 09 Jun 2013 20:06:27 +0000

JACKSON — The housing market is looking up in central Mississippi. The Clarion-Ledger reports that statistics from the Jackson Association of Realtors show higher prices and faster sales than a year ago. Board president Dorothy Thompson says people finally seem convinced they’ve survived the worst of the recession and can again make big-ticket purchases. The [...]

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Malco buys theatre complex, plans expansion to entertainment center

MBJ Staff — Wed, 05 Jun 2013 18:27:05 +0000

OXFORD — Malco Theatres has acquired the closed 10-screen movie theatre and outdoor amphitheater in the Oxford Commons development. Terms were not disclosed. In a release, Malco said it would also acquire adjacent property from Kenlan Development Company in order to double the size of the building, converting it to a family entertainment center including [...]

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With storms already brewing, Chaney urges insurance

Associated Press — Mon, 03 Jun 2013 20:22:41 +0000

JACKSON — Mississippi Insurance Commissioner Mike Chaney says people should review insurance policies as part of storm preparations as hurricane season approaches. Chaney says in a news release that most insurance companies won’t accept new applications after a designated hurricane or named storm enters the Gulf of Mexico. He says such a storm could develop [...]

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After complaints, city retooling rental housing code

Associated Press — Mon, 03 Jun 2013 12:03:30 +0000

AMORY — The City of Amory is redrafting a rental housing code to combat what officials say is blight and deterioration that many residents feel not only bring property values down, but signals a decline in the quality of living. “Rental housing is just one area of our problems, but we are focusing on it [...]

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Supervisors taking proposals for hospital-sale study

Associated Press — Sun, 02 Jun 2013 19:33:41 +0000

NATCHEZ — Adams County is seeking proposals from groups to complete a feasibility study to determine if the publicly-owned Natchez Regional Medical Center should be sold, leased or if nothing should change. The board of supervisors reached the decision this week after meeting with the hospital board. “We are not going to be able to [...]

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