Posts Tagged ‘real estate’

AWAITING ITS FATE: Gables complex may have to shrink to meet law

Having lost in a bid for a reprieve from Ridgeland city officials, The Gables apartment complex has started the new year with the prospect of having to demolish a number of units in order to meet new building density limits. A zoning law adopted last February designates apartment complexes with over 10 units an acre […] [...]

Ridgeland property rights tussle is expected to have wide impact

Four lawsuits challenging Ridgeland’s new multi-family zoning law are expected to have far-reaching implications for property rights and growth management in Mississippi. All of the suits – three federal and one state — allege unconstitutional infringements on property rights. Violations of the federal Fair Housing Act are alleged in one of the complaints while others […] [...]

Group pushes for bill to disclose insurance costs by area

JACKSON — A group of lawmakers and residents from the Mississippi Gulf Coast are again pushing a bill that would require insurance companies to disclose, by geographic area, how much they are charging to insure property. The idea, which originated in Alabama, is meant to provide evidence to people who are fighting for lower insurance […] [...]

Challenging times ahead for Pearl’s manufactured home residents, apartment complex owners

A proclamation from Gov. Phil Bryant declaring October “Manufactured Home Month” noted the factory-built dwellings provide housing for 507,000 Mississippians. But there could soon be manufactured housing for far fewer people in Pearl, a Rankin County city of about 25,000 residents. Public safety and a desire to keep non-conforming land uses from “going on forever” […] [...]

Madison rental ordinance dispute before Miss. Supreme Court

by Published: January 12,2015

Tags: Business, Mike Crook, Mississippi, real estate, Supreme Court

JACKSON — The Mississippi Supreme Court has agreed to review property owner Mike Crook’s challenge to a city of Madison ordinance he argues was designed to keep renters out of the Jackson suburb. Crook was convicted in 2011 of violating the ordinance and fined $600. The state Court of Appeals denied Crook’s appeal in 2014. […] [...]

Westin developers aim high on room rates

by Published: January 9,2015

Tags: Business, hotel, Mississippi, NEWS, real estate, Westin

Downtown Jackson’s hotel market has been on a rollercoaster of sorts over the past six years as occupancies fell to less than 40 percent some months and climbed into the high 60 percent range other months. Revenue per room — calculated by multiplying a hotel’s average daily room rate by its occupancy rate — has […] [...]

Judge dismisses challenge to Jackson’s $9M hotel loan

Any questions about the legality of the City of Jackson about $9 million to a developer of a downtown Westin Hotel won’t be answered anytime soon, if ever. Hinds Senior Circuit Judge Tomie Green late Tuesday dismissed Jackson lawyer Herb Irvin’s request for a declaratory judgment on whether Jackson would violate the Mississippi Constitution by […] [...]

Deerfield Golf Club owners say club on par

by Published: January 9,2015

Tags: Business, Deerfield, Golf, Mississippi, real estate

By JACK WEATHERLY Mark Twain is credited with saying that “golf is a good walk spoiled.” If he were to stroll across the 150 acres that had been Jackson’s Colonial Country Club till it closed last year, the famed author’s musing might not be disrupted, save for navigating the tall weeds that have overtaken the […] [...]

Clinton office complex sold for $20.5 million

CLINTON — The Hertz Investment Group is adding to its dominant position in the metro Jackson office market. Hertz, based in Santa Monica, California, announced Friday that it has purchased the South Pointe Business Park in Clinton for $20.5 million. The 400,000 square-foot complex just south of Interstate 20 was built in 1996 as the […] [...]

Tanger Outlets involved in Southaven project

by Published: December 17,2014

Tags: Business, Mississippi, NEWS, real estate, retail

SOUTHAVEN — Outlet mall operator Tanger is expected to announce soon its involvement in a project in Mississippi. Southaven Mayor Darren Musselwhite says the public part of the project has been addressed. Southaven and DeSoto County officials several years ago approved a $15 million tax increment financing plan in which bonds will be issued to […] [...]

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