Archive for the ‘REAL ESTATE – Market Sector’ Category

City sees building permits soar during first quarter

CORINTH — Building permit activity in the first three months of the year was sharply higher in Corinth. The Daily Corinthian reports the Corinth School District’s softball complex accounted for about two-thirds of the quarter’s total of $4.356 million. In the same quarter a year ago construction permits totaled $555,350. CIG Contractors obtained a permit for [...] [...]

Full Spectrum scales back to focus on Old Capitol Green ‘one block at a time’

by Ted Carter Published: May 10,2013

Tags: Full Spectrum South, Old Capitol Green

Developer sets sights on 2.74-acre retail-and-residential project just south of Pascagoula Street A once far-reaching plan to redevelop nine city blocks below Mississippi’s Old Capitol has been scaled back to a single mixed-use building on 2.74 acres just south of Pascagoula Street. Branded by developer Full Spectrum South as 1822 Square at Old Capitol Green [...] [...]

Browse through the May 10th digital edition

by MBJ Staff Published: May 10,2013

Tags: 2013 Southern Gaming Summit, FC&E, Hal & Mals, online gaming, Southern Pipe

In this week’s MBJ, read about the unease that has set in as Hal & Mal’s owner contemplates life under a new landlord. There is much more, including our coverage of the Southern Gaming Summit in Biloxi, and more … » Southern Pipe turns 75 » FC&E becomes national player in less than a decade [...] [...]

Unease sets in as Hal & Mal’s owner contemplates life under new landlord

by Ted Carter Published: May 10,2013

Tags: Downtown Jackson, Hal and Mals, Hal White, landlord, Malcolm White

Malcolm White says he wants the business to ‘stay and continue to be the cultural center of the redevelopment of downtown but insists: ‘We want our lease back.’ Malcolm White says he always hoped to own the train depot that he and his late brother Hal restored and made the home of downtown Jackson food [...] [...]

State Farm appeals Katrina-related whistleblower lawsuit ruling

GULFPORT — State Farm Fire and Casualty Co. has asked a judge to void a jury’s finding that the company defrauded the government involving a policyholder claim after Hurricane Katrina. Motions filed in U.S. District Court in Gulfport also seek a new trial The verdict came in April in a whistleblower lawsuit against the Illinois- [...] [...]

Hailstorm does estimated $22M worth of damage to state buildings

METRO JACKSON — The Mississippi Law Enforcement Officers Training Academy in Pearl isn’t the most aesthetically appealing place to train officers these days, its director, Pat Cronin, concedes. The March 18 hailstorms that struck metro Jackson destroyed 87 law enforcement and civilian vehicles parked at the academy when the storms hit, punched holes in roofing [...] [...]

Officials mulling building codes for unincorporated areas

OXFORD — Some buildings in unincorporated areas of Lafayette County may soon have to be constructed according to building codes, though officials are still working on the details. A code has not been adopted. However, county supervisors have appointed a committee to work out details of what will be in the building code Proposals to [...] [...]

City counts $1.2M from hospital investment after year one

by Associated Press Published: May 5,2013

Tags: city government, Commercial Real Estate, health care, hospital, investment, medical, medicine, real estate

OXFORD — The city of Oxford’s investment of the proceeds from the sale of Baptist Memorial Hospital-North Mississippi has earned about $1.2 million its first year. The city hired Glenmede in 2012 to handle the investment of the money. The Oxford Eagle reports the market value as of March 31 was $32 million. It was $30 [...] [...]

Downtown iconic hotel going on auction block

by Associated Press Published: May 5,2013

Tags: auction, bankrupt, bankruptcy, convention, hospitality, hotel, lodging, meeting, sale, sell

JACKSON — A May 22 online auction will determine the future of a downtown Jackson landmark. Auctioneer Benny Taylor tells the Mississippi Business Journal (http://bit.ly/113wahW) that several prospective bidders toured the eight-story Edison Walthall Hotel this past week. The hotel has been closed since early 2010 after burst water pipes extensively damaged the lower floors. [...] [...]

State officials concerned about La. levee plan

by Associated Press Published: May 5,2013

Tags: flood, flooding, levee, real estate, state agency, state government

SOUTH MISSISSIPPI — Secretary of State Delbert Hosemann says he’s worried that a proposed levee in Louisiana could place low-lying areas of south Mississippi in danger of flooding. Hosemann told The Sun Herald he’s concerned about a proposal being considered to build a 24-foot barrier levee near Lake Pontchartrain in Louisiana. The plan is one of several [...] [...]

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