Archive for the ‘REAL ESTATE – Market Sector’ Category

Coast enjoying second-home boom

by Lisa Monti Published: January 10,2014

Tags: Business, Gulf Coast, Mississippi, real estate

The Mississippi Coast, especially the western portion, is seeing a boom in the second-home market, which is returning after a post-Katrina dry spell. Louisianians from New Orleans, Baton Rouge and Lafayette are building or buying homes, many replacing ones lost in the 2005 storm. Some Realtors say the activity is a spillover from the red-hot […] [...]

Cochran ‘encouraged’ by effort to stop flood insurance reforms

WASHINGTON, D.C. – U.S. Sen. Thad Cochran (R-Miss.) says he is encouraged by the growing momentum for the Senate to consider bipartisan legislation he helped write to stop flood insurance reforms that are having unintended and harmful economic consequences throughout Mississippi and other states. Cochran met with dozens of local officials and business leaders in […] [...]

Delta mayor indicted for false pretense, wire fraud

ROLLING FORK — The mayor of a small town in the Mississippi Delta has been indicted on false pretense and wire fraud charges related to his construction company’s invoices for grants to rehabilitate houses, according to court records. A Sharkey County grand jury charged Rolling Fork Mayor Eldridge “Butch” Walker in two separate indictments Monday, […] [...]

State reaches $7M settlement with Ocwen

JACKSON — Ocwen Financial Corporation of Atlanta and its subsidiary, Ocwen Loan Servicing, have agreed to a $2.1-billion joint state-federal settlement with Attorney General Jim Hood, 48 additional state attorneys general and the District of Columbia as well as the Consumer Financial Protection Bureau (CFPB). The settlement terms address servicing misconduct by Ocwen, and two […] [...]

Molpus Woodlands buys New York timberland

JACKSON — The Molpus Woodlands Group, LLC, a timberland investment management organization, on behalf of a client has purchased approximately 130,659 acres in New York for approximately $57,500,000. Located in St. Lawrence, Clinton, Franklin and Lewis counties in the north-central part of upstate New York, the property is almost entirely within the boundaries of New […] [...]

Development company donating roadway to Coast city

by Associated Press Published: January 7,2014

Tags: city of Diamondhead, development, donation, Purcell, Richard Rose, road, roadway, Triple Diamond Corporation

DIAMONDHEAD — City officials said they expect the donation of a road to open doors for development in the community on the Mississippi Coast. WLOX-TV reported the Purcell real estate development company is donating 1,000 feet of narrow roadway to the city. The donated segment begins behind the Rouses grocery store and ends at the […] [...]

Illinois company buys Olive Branch shopping center

OLIVE BRANCH — Inland Real Estate Income Trust Inc. of Oak Brook, Ill., has acquired the 159,258-square-foot Wedgewood Commons Shopping Center in Olive Branch for a purchase price of $33.9 million. The property consists of four buildings and an existing structure suitable for the development of an additional 10,838 square feet of leasable space, increasing […] [...]

Family looks to spur downtown revitalization

MCCOMB — The revitalization of downtown McComb is a long process requiring time, dedication and funds, but a local father-and-sons team plans to add a few new businesses to the block within the year. Benton, Greg and Neel Gibson bought the West Harlan Building on State Street in May to use for office space and […] [...]

Supervisors say no to mayor’s request for records

MADISON — The Madison County Board of Supervisors has turned down a public records request from the mayor of Madison. Mayor Mary Hawkins Butler wants to see a study about restructuring the Lost Rabbit Public Improvement District outside city limits. The Clarion-Ledger reports that county officials said it would be premature to release the records […] [...]

City officials targeting blighted property

COLUMBUS — The City Council has appointed a task force to study Columbus’ problem with dilapidated properties and vacant lots. The Commercial Dispatch reported the request to set up a committee came from Councilman Kabir Karriem. He said the city needs to closely examine blighted areas and consider the possibility of incentives for redevelopment to […] [...]

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