by Associated Press Published: April 22,2013
Tags: commercial real estater, debt, earnings, office space, profit, property, publicly traded company, real estate, real estate investment trust, revenue
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 [...] [...]
With a 20-year-lease offer of $48.5 million on the table, downtown Jackson’s Landmark Center held a clear lead in the competition to become the new headquarters of the Mississippi Department of Revenue. Rivals South Pointe Business Park in Clinton and Diversified Technologies complex in Ridgeland presented offers of $51.4 million and $53.4 million, respectively. But [...] [...]
Here’s proof that things can seem horribly bad one week and just peachy the next. On March 18, employees of the Mississippi Department of Revenue endured the ear-splitting sound of a hail onslaught banging on a tin roof and aluminum walls. Seven days later, they heard the wonderful words they’ve awaited for nearly two decades: [...] [...]
Aggressive last-minute price cutting did the trick for Clinton’s South Pointe Business Park in the competition to become the new home of the Mississippi Department of Revenue, the state says. The selection came down to price, with representatives of the former WorldCom headquarters presenting a lease offer too attractive to pass up, said Kevin Upchurch, [...] [...]
by MBJ Staff Published: December 17,2012
Tags: commercial, home, house, index, industrial, land, mortgage, office space, property, real estate, report, residence, resident, residential, value
OXFORD — U.S. property values continue to show signs of improvement, in line with indications of continued expansion in economic activity and better employment rates in recent months, according to FNC’s latest Residential Price Index (RPI). Favorable developments in the housing sector, including declining foreclosure activities and rising home sales, have contributed to the continued [...] [...]
JACKSON — EastGroup Properties’ profit jumped in the second quarter on property sale gains. The real estate investment trust said quarterly profit rose to $8.1 million, or 28 cents per share. That’s up 44 percent from $5.6 million, or 20 cents per share, in the year-ago quarter. Analysts polled by FactSet had on-average predicted 23 [...] [...]
by MBJ Staff Published: July 20,2012
Tags: city, Commercial Real Estate, community development, county government, developer, downtown, economic development, mixed-use development, municipal government, municipality, office space, real estate, residential real estate
JACKSON — Full Spectrum, the master developer of the proposed mixed-use project in downtown Jackson called Old Capital Green, reports the firm was surprised by a recent Hinds County Board of Supervisors vote that puts the project in doubt. The Hinds County Board of Supervisors voted July 16 to not support the development of the [...] [...]
by Associated Press Published: July 17,2012
Tags: Commercial Real Estate, community development, condominium, county government, development, downtown, mixed-use development, office space, real estate, residence, residential real estate, residents, retail, small business
JACKSON — Plans for a $1 billion revitalization project for downtown Jackson have been thrown into doubt because of a decision by Hinds county officials to back out. The proposed Old Capitol Green project included office, residential and retail space and a 450-space parking garage. The Clarion-Ledger reports county supervisors voted 3-1 to bow out [...] [...]
by Associated Press Published: May 30,2012
Tags: Commercial Real Estate, employees, malls, municipal government, office space, real estate, relocation, retail, shopping, workers
JACKSON — The city of Jackson is changing the date again for moving around 300 employees to the Metrocenter. The Clarion-Ledger reports the big move now will go down before the end of July. The relocation of a handful of city departments has now had at least six projected move-in dates. October 1 was pushed [...] [...]
JACKSON — EastGroup Properties says profits rose in the fourth quarter as occupancy increased and expansion continued. The real estate investment trust says quarterly profit rose to $6.4 million, or 24 cents per share. That’s up 30 percent from $4.9 million, or 18 cents per share, in the same three months of 2010. Analysts polled [...] [...]
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