Archive for the ‘REAL ESTATE – Market Sector’ Category

State buys more property on Gulf island for $8M

MISSISSIPPI GULF COAST — The state of Mississippi has bought 217 more acres of Cat Island to set aside for public use. About one-third of Cat Island is part of the National Park Service’s Gulf Islands National Seashore and BP purchased about one-third of the island following the 2010 oil spill from the Boddie family, [...] [...]

Students design home that makes power, water, food

STARKVILLE — Mississippi State University architecture students designed a sustainable home that can provide its own electricity, water supply and food for a family of four. In the final project of a sustainable design class, the students turned theoretical principles into a practical home and landscape. They designed all aspects of a self-supporting, modern homestead, [...] [...]

County borrowing to buy land from alternative fuels company

NATCHEZ — Adams County will borrow the $9 million it now needs to buy the former International Paper property from Rentech. County officials announced earlier this week they had reached a deal with Rentech for the 478-acre property. Officials tell the Natchez Democrat the board of supervisors will adopt a resolution to issue bonds for the [...] [...]

MSU study: Residents willing to pay for coastal restoration

GULF COAST — A new survey Mississippi State University finds more than 60 percent of Americans are willing to pay to restore Louisiana’s rapidly eroding Barataria-Terrebonne estuary. The Courier reports the survey found that respondents were willing to pay between $909 and $1,751 per household for coastal restoration projects. Added up, that could generate between [...] [...]

City now requiring rental owners to have license, inspection

MCCOMB — The city of McComb will soon require some rental property owners to obtain a privilege license and have their properties inspected. The Enterprise-Journal reports Mayor Whitney Rawlings broke a tie vote this week to approve the ordinance. It will require all rental property owners with three or more properties purchase what will likely [...] [...]

Hailstorm claims exceed $209M; Chaney expects more

METRO JACKSON — The latest report from Mississippi’s major insurance carriers on the March hailstorm to the Mississippi Insurance Department (MID) shows that both claim and payment numbers continue to rise. As of the April 15 reporting period over 56,000 homeowner and automobile damage claims have been filed and claims payments are at $209.4 million, [...] [...]

Delta city wants state’s permission to donate cottages

by Associated Press Published: April 25,2013

Tags: city government, donate, donation, home, house, nonprofit, real estate, residence, residential real estate

GREENWOOD — Officials have asked Gov. Phil Bryant to allow lawmakers consider during tomorrow’s special session a local bill to allow the city of Greenwood to donate small homes to a nonprofit organization for low-income housing. Similar legislation died during the 2013 regular session. The Greenwood Commonwealth reports the city has 26 Katrina cottages, small [...] [...]

County looking to buy land from alternative fuel company

NATCHEZ — Adams County officials are continuing talks on buying the former International Paper site from Rentech. The Natchez Democrat reports supervisors met Monday and board attorney Scott Slover said no decision has been made. The IP mill was once home to the area’s biggest employer but was shuttered in 2003. Rentech purchased the property [...] [...]

Real estate firm sees earnings, revenue rise while debt falls

JACKSON — EastGroup Properties’ profit rose in the first quarter as revenues rose and debt payments fell. The real estate investment trust said quarterly profit rose 32 percent to $7.2 million, or 24 cents per share in the three months ended March 31. That’s up from $5.4 million, or 19 cents per share, in 2012′s [...] [...]

Coast city to nearly double in size this weekend

by Associated Press Published: April 18,2013

Tags: annex, annexation, city government, fire, land, law enforcement, municipal, municipality, police, property, real estate, services

D’IBERVILLE — D’Iberville will nearly double in size Sunday when area it has annexed officially becomes part of the city. Police Chief Wayne Payne tells The Sun Herald his department has been working with the Harrison County Sheriff’s Office and will assume full law enforcement in the annexed area north of the city beginning at [...] [...]

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