Posts Tagged ‘purchase’

Court rules against businessman in tour bus case

TUPELO — The state Court of Appeals has upheld a ruling that Tupelo businessman Bill Kinard was competent when he agreed in 2011 to sell a tour bus at auction. For the past three years, Kinard and Larry Michael of Nashville have disputed debts associated with retrieval of the bus from Washington State in early […] [...]

Offer made for Natchez Regional Medical Center

NATCHEZ — Officials say an offer has been made for the purchase of the county-owned Natchez Regional Medical Center. Hospital Board chairman the Rev. Leroy White tells The Natchez Democrat the board will be meeting this week to discuss it with Healthcare Management Partners CEO Scott Phillips. HMP was hired last July to help facilitate […] [...]

Molpus Woodlands buys New York timberland

JACKSON — The Molpus Woodlands Group, LLC, a timberland investment management organization, on behalf of a client has purchased approximately 130,659 acres in New York for approximately $57,500,000. Located in St. Lawrence, Clinton, Franklin and Lewis counties in the north-central part of upstate New York, the property is almost entirely within the boundaries of New […] [...]

Illinois company buys Olive Branch shopping center

OLIVE BRANCH — Inland Real Estate Income Trust Inc. of Oak Brook, Ill., has acquired the 159,258-square-foot Wedgewood Commons Shopping Center in Olive Branch for a purchase price of $33.9 million. The property consists of four buildings and an existing structure suitable for the development of an additional 10,838 square feet of leasable space, increasing […] [...]

Ergon buys Bunge North America’s interest in joint venture

JACKSON — Ergon Inc.’s wholly owned subsidiary, Ergon Ethanol Inc., has acquired Bunge North America Inc.’s interest in and now owns 100 percent of Ergon BioFuels, LLC located in Vicksburg. Financial terms were not disclosed. Effective Dec. 31, 2013, Bunge-Ergon Vicksburg, LLC changed its name to Ergon BioFuels, LLC. Ergon BioFuels began as a joint […] [...]

Hard Rock Casino sells to Rhode Island company for $250M

BILOXI — A company from Rhode Island is buying the Hard Rock Hotel & Casino Biloxi for about $250 million. Twin River Worldwide Holdings of Lincoln, R.I., made the announcement yesterday. The sale is expected to be complete in June. The casino is currently owned by Premier Entertainment Biloxi LLC, a subsidiary of Leucadia National […] [...]

Board continues to negotiate with propsective hospital buyers

NATCHEZ — The attorney for Natchez Regional Medical Center’s Board of Trustees said he has been “encouraged” by the response the hospital has received from potential buyers in recent weeks. Though representatives of the county-owned hospital had at one time said they hoped to have a deal closed by the end of fall, trustees attorney […] [...]

County buys land in industrial park with RDA loan

COLUMBUS — Lowndes County will spend $5.5 million on three tracts of land at the GTR Global Industrial Aerospace Park. County administrator Ralph Billingsley tells The Commercial Dispatch that the county is using money borrowed from the Rural Development Authority in 2011. Billingsley says the county initially borrowed $13 million from the RDA to finance […] [...]

Chromcraft Revington sells to Colorado company

SENATOBIA — Sport-Haley Holdings has completed its $3.45 million purchase of furniture maker Chromcraft Revington. The company, which is based in West Lafayette, Ind., has a factory in Senatobia. Apparel maker Sport-Haley of Denver paid $2.7 million, and has promised to pay another $750,000 when Chromcraft’s plant in Delphi, Ind., is sold or mortgaged, or […] [...]

All American buys more stores, enters Alabama market

MADISON — All American Check Cashing has expanded its payday and title loan services into Alabama with the acquisition and purchase of five retail stores. Terms were not disclosed. The retail stores located in Bessemer, Clanton, Millbrook, Prattville and Selma, Ala., will bring the total of All American’s stores to 50. All retail stores acquired […] [...]

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