Posts Tagged ‘real estate’

Trustee wants Vantium to service Community Home loans

JACKSON — United States Bankruptcy Court for the Southern District of Mississippi has approved the request of Kristina M. Johnson, Chapter 11 trustee of the bankruptcy estate of Community Home Financial Services Inc., to retain Vantium Capital Inc. (d/b/a Acqura Loan Services) to service mortgage loans on behalf of the bankruptcy estate. Johnson’s appointment as […] [...]

State’s consumers in line for payments under SunTrust settlement

JACKSON — Attorney General Jim Hood says Mississippi consumers will be eligible for payments under a settlement between 48 states, the federal government and SunTrust. The U.S. Justice Department said yesterday the $968-million settlement resolves allegations that SunTrust underwrote and provided faulty mortgage loans. The federal government accused SunTrust of giving borrowers false and misleading […] [...]

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 […] [...]

Judge rules for city in dispute over bonds for church

DIAMONDHEAD — A judge has ruled Diamondhead officials can issue a $1.28 million public bond to buy the former church building they have has been using as city hall. The Sun Herald reports Harrison County Chancellor Carter Bise ruled in the city’s favor. The Diamondhead Taxpayers Association has objected to the bond issue. The city […] [...]

Baker Donelson’s new offices are expected to reflect company’s mission, image

by Published: June 13,2014

Tags: accounting, Baker Donelson, law, Mississippi, real estate

The Baker Donelson law firm June 25 on its new buiding in the District at Eastwood, not far from where the firm is presently located in northeast Jackson. “We have a great space now in two buildings that are connected by a walkway,” said Bill Painter, managing shareholder of the Jackson office of Baker Donelson. “But […] [...]

Report: State ranks third in U.S. in negative-equity homes

IRVINE, Calif — CoreLogic has released new analysis showing more than 300,000 homes returned to positive equity in the first quarter of 2014, bringing the total number of mortgaged residential properties with equity to more than 43 million. The CoreLogic analysis indicates that approximately 6.3 million homes, or 12.7 percent of all residential properties with […] [...]

Statewide building code welcomed, but some jurisdictions may opt out

by Published: June 6,2014

Tags: Business, construction, Mississippi, real estate

The Mississippi Legislature’s enactment of a statewide building code received a lot of support from the insurance industry, as well as the construction community in the state. But the legislation includes an opt-out clause allowing counties and cities to decline to participate, and that is a possibility for rural areas of the state that have […] [...]

BREAKING GROUND — Mississippi Land Bank sees growth in rural lending

by Published: June 6,2014

Tags: Business, Mississippi, Mississippi Land Bank, real estate

Business has been booming at Mississippi Land Bank, the 90-plus-year-old financial services provider whose staff specializes in lending for rural living and agricultural customers across the northern part of the state. Mississippi Land Bank is a private cooperative, owned by its borrowers through the purchase of stock. the amount of stock is determined by the […] [...]

HARDWICK — Commercial real estate leases — pros and cons

There are three basic categories of commercial real estate leases. In this column we will explore the pros and cons of each to help you decide which one is right for you and your business. Let’s begin by pointing out that a lease is a contract. In general, all contacts involving the sale of real […] [...]

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