Mississippi Business Journal » office space

Real estate firm sees earnings, revenue rise while debt falls

Associated Press — Mon, 22 Apr 2013 12:46:03 +0000

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 [...]

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Landmark offer $10 million higher than South Pointe’s

Ted Carter — Fri, 29 Mar 2013 17:30:18 +0000

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 [...]

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Department of Revenue workers thrilled with new home

Ted Carter — Fri, 29 Mar 2013 17:28:18 +0000

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: [...]

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Clinton’s South Pointe wins Department of Revenue headquarters bid

Ted Carter — Fri, 29 Mar 2013 02:54:39 +0000

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, [...]

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FNC index shows improving U.S. property values

MBJ Staff — Mon, 17 Dec 2012 18:08:50 +0000

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 [...]

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EastGroup’s earnings up 44% on property sale gains

Associated Press — Fri, 20 Jul 2012 22:53:46 +0000

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 [...]

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Firm ‘completely surprised’ by supervisors’ vote on Old Capital Green

MBJ Staff — Fri, 20 Jul 2012 15:14:33 +0000

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 [...]

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Supervisors vote down Old Capitol Green; project in doubt

Associated Press — Tue, 17 Jul 2012 15:01:54 +0000

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 [...]

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City again delays move of employees into Metrocenter

Associated Press — Wed, 30 May 2012 15:14:06 +0000

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 [...]

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EastGroup Properties sees increase in quarterly earnings

Associated Press — Wed, 15 Feb 2012 17:57:41 +0000

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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