Posts Tagged ‘lease’

UMMC gets lease approval, plans to start on new school building

GRENADA and JACKSON — The College Board has approved plans by the University of Mississippi Medical Center to lease Grenada Lake Medical Center. The board voted yesterday, as expected, to approve the lease. It runs for at least 20 years, but could be extended to 50. UMMC will take over the $37.4 million long-term debt […] [...]

UMMC to lease hospital; take on long-term debt

GRENADA — The University of Mississippi Medical Center plans to lease Grenada-Lake Medical Center for at least 20 years, paying for the lease by taking on the hospital’s $35 million in long-term debt. The College Board’s Finance Committee discussed the plan in a closed session today and the board is expected to vote tomorrow. The […] [...]

Court declines to hear dispute involving sale of business

PRENTISS COUNTY — The Mississippi Supreme Court has let stand an order that the sale of a Prentiss County business will await a local judge’s determination of its fair market value. The state Court of Appeals issued the ruling last year. The Supreme Court this past week declined to hear the case. Martha Crow and […] [...]

Mall tenants get termination notice; city working on relocation

GAUTIER — Tenants at Singing River Mall are scrambling for a new place to setup shop. The city of Gautier officials has sent out lease termination notices were sent out this week telling businesses they have to move out soon. One of those tenants is Phillip Henderson, who manages MaCnarb Gaming. The business hasn’t been […] [...]

Judge nixes plan to convert church into new city hall

DIAMONDHEAD — A Chancery Court judge has blocked the city of Diamondhead’s plans to purchase a Baptist church building as part of an estimated $1.6 million project to convert it into City Hall. The Sun Herald reports Judge Jennifer Schloegel ruled that since the lease-purchase agreement was finished after April 1, the project couldn’t move […] [...]

Tennessee company to discuss leasing hospital with supervisors

STARKVILLE — The Oktibbeha County Board of Supervisors meets Aug. 5 to discuss a 50-year lease proposal for OCH Regional Medical Center by Capella Healthcare. The Commercial Dispatch reports the Franklin, Tenn.-based company originally inquired about the status of OCH in an April 23 letter to board members. How much the company is offering 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 […] [...]

Supervisors vote yes to hospital contract; to hear from HORNE on study

NATCHEZ — The Adams County Board of Supervisors has voted to enter into what could be a half-million dollar a contract with Healthcare Management Partners. The Natchez Democrat reports the supervisors will hear Monday from the HORNE Group — which the county hired on behalf of Natchez Regional Medical Center — the results of a […] [...]

HARDWICK: Choosing the best lease as an entrepreneur

Whether you are a one person entrepreneur or the vice president of real estate for a national retail chain it is important to understand the basics of leasing, and the more common types of leases. In general, commercial and retail leases can be classified as a gross lease, a net lease or a percentage lease. […] [...]

Tenn. company makes unspecified offer to lease hospital

STARKVILLE — A Tennessee company has offered to lease OCH Regional Medical Center. Capella Healthcare vice president for acquisitions Doug Johnson confirmed to The Commercial Dispatch that the for-profit firm seeks a 50-year lease of the hospital. Johnson says Capella sought the lease in an April 23 letter to the Oktibbeha County Board of Supervisors. […] [...]

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