Posts Tagged ‘Commercial Real Estate’

Six months after EF4 tornado, work continues on recovery

HATTIESBURG — Saturday marked six months since an EF4 tornado tore through the Hattiesburg area, and volunteers from around the country still are pitching in to help repair and rebuild homes. Restore, Rebuild, Recover South Mississippi, also known as R3SM, is a long-term recovery agency created by the United Way of Southeast Mississippi after Hurricane […] [...]

Wind pool rate to go up 3.2% for homeowners, 5% on commercial policies

MISSISSIPPI GULF COAST — Insurance rates for the state wind pool are set to increase Dec. 1 on renewals and new policies. The Sun Herald reports a Mississippi Insurance Department filing shows owners of homes and mobile homes will see hikes of 3.2 percent, and commercial policies will go up 5 percent. Wind pool director […] [...]

City offers $210K for old Crosby Hospital property

PICAYUNE — The city of Picayune will offer up to $210,000 for the old Crosby Memorial Hospital property. The city council voted 4-2 this week to make the offer to the property owner, Southern Regional Corporation. The five-acre has been listed for sale since December 2012 and company is asking $237,000 for the property. The […] [...]

Caesar’s drops lease; cleanup begins at former Casino Magic site

BILOXI — Caesars Entertainment has dropped its lease on the Casino Magic property in East Biloxi and crews are cleaning out the tower. The Sun Herald reports city officials say they are frustrated that nothing is being done to demolish the abandoned casino project next door. Jerry Creel, Biloxi’s community development director, told the city […] [...]

JRA rejects request to release development deal with Tampa developer

Tampa’s Robinson Callen Development may soon have company in a quest to build a convention center hotel in Jackson. While Robinson Callen has a head start with its unsolicited $60 million proposal having received an official blessing from the Jackson Redevelopment Authority’s Board of Commissioners on June 25, Austin, Texas, hotel developer Journeyman Austin wants […] [...]

Businessman buys historic home, plans mixed-use development

HATTIESBURG — A Hattiesburg businessman is planning to renovate a building that was constructed in 1898 and says it will add three apartments and retail space to downtown. The Hattiesburg American says the building on Front Street is owned by local businessman Charles Price. Price said the entire building encompasses 3,600 square feet. The first […] [...]

Parkway move second blow to downtown Jackson this year

Parkway Properties will close its Jackson office by the end of this year. Parkway notified the office’s approximately 40 employees last week, a company spokesperson said. The real estate investment trust has its Mississippi offices in downtown Jackson’s One Jackson Place. It sold most of its Mississippi portfolio within the past couple years. The only […] [...]

Delta city using tax increment financing for improvements

GREENWOOD — The city of Greenwood has devised a plan to help private developers pay for street, lighting and other improvements to the public infrastructure — tax increment financing. The Greenwood Commonwealth reports the city council approved the plan last week. TIF is a public financing method that provides communities with a means to fund […] [...]

Developer submits plan for one-million-square-foot mall development

D’IBERVILLE — Plans for Gulf Coast Galleria — a million-square-foot mall with restaurants, shops and a hotel along Interstate 10 — have been submitted to the D’Iberville Planning Department. Developer Robert Mandal with Ramco Development tells The Sun Herald the mall will be more than 750,000 square feet, with the hotel and other buildings adding […] [...]

Supervisors hire HORNE to conduct hospital-sale feasibility study

NATCHEZ and JACKSON — The Adams County Board of Supervisors has selected the HORNE Group as the firm that will determine if the sale of county-owned Natchez Regional Medical Center is feasible. The Jackson-based certified public accounting and business advisory firm completed a similar study for the county in 2008. The feasibility study is the […] [...]

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