Posts Tagged ‘Downtown Jackson’

Landmark’s future under new owner is anyone’s guess

» Mystery man said to have placed winning bid for Jackson office building The new owner of Jackson’s Landmark Center is reported to be of foreign descent, though Central Business District leaders say the buyer’s plans for the vacant seven-story Capitol Street building are a mystery. The building sold at a minimum bid auction for […] [...]

New buyer interest in Jackson’s Landmark Center after UMMC drops deal

A potential new buyer is ready to seek a deal on downtown Jackson’s Landmark Center now that the University of Mississippi Medical Center no longer wants the vacant office building. The Hertz Investment Group, owners of 1.2 million square feet of metro Jackson office space, wants to be 100 percent sure UMMC is out of […] [...]

UMMC drops purchase of downtown Jackson’s Landmark Center

by Published: June 16,2014

Tags: Business, Downtown Jackson, JACKSON, Mississipi, real estate

The University of Mississippi Medical Center’s purchase of the Landmark Center — a deal considered a much-needed game changer for downtown Jackson — is dead, UMMC officials say. » UPDATED: New buyer interest in Jackson’s Landmark Center after UMMC drops deal UMMC officials say they ceased negotiations with owners of the 366,500 square-foot building after other […] [...]

Banking Department looking for new home in metro area

by Published: May 2,2014

Tags: banking, Business, Downtown Jackson, finance, Mississippi

Downtown Jackson could lose a state agency with the pending move of the Mississippi Department of Banking & Consumer Finance from the Woolfolk Building next store to the capital. Banking Commissioner Jerry Wilson said the agency is willing to remain downtown if a suitable space of around 12,000 square feet and 85 parking spaces is […] [...]

With most financing in hand, Capitol & West developers looking for a 2014 opening

by Published: October 4,2013

Tags: Business, capital, Downtown Jackson, Mississippi

» Transformation of the circa 1934 federal courthouse at  245 E. Capitol St. will rely heavily on federal and state historic tax credits By Ted Carter Financing of the slightly more than $20-million conversion of the James O. Eastland Federal Courthouse in downtown Jackson to mixed-use residential will be completed as soon as the bank […] [...]

UMMC in talks to make Jackson’s Landmark home for 300 workers

Downtown’s long vacant Landmark Center is the preferred choice of the University of Mississippi’s Medical Center for a new workplace for around 300 information technology workers and other support staff. The governing board of the Mississippi Institutes of Higher Learning would have to approve UMMC’s purchase of the 340,000 square-foot building, which is on the […] [...]

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

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 […] [...]

Court-appointed receiver finding interest in former Edison Walthall Hotel

A court-appointed receiver is in talks with several prospective buyers of downtown Jackson’s Roberts Vista Hotel, currently shuttered and awaiting repairs from water damage. The hotel is known more commonly in Jackson as The Walthall, for Civil War figure Edward Cary Walthall, whose name it bore upon opening 85 years ago. As it has several […] [...]

Landmark closing pushing Central business district office vacancy to historic level

Downtown Jackson’s office vacancy rate will head toward 40 percent with the shutdown of the Landmark Center once master tenant AT&T vacates at the end of the year, says John Barton, a Parkway Properties senior vice president and senior asset manager who participated in the Parkway’s quarterly office market surveys until the company ceased doing […] [...]

Downtown Jackson sees DOR move as key remedy to empty office space

by Published: November 6,2011

Tags: Downtown Jackson, real estate

Downtown Jackson’s office vacancy rate languished at 27 percent at the end of the third quarter, a worrisome figure that has changed little in the nearly three years since the departure of such major tenants as the Butler Snow law firm, HORNE CPAs and a large piece of Regions Bank’s operation. All along, Central Business […] [...]

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