Posts Tagged ‘real estate’

Peoples records loss for quarter, full year

BILOXI — Peoples Financial Corporation (NASDAQ Capital Market: PFBX), parent of The Peoples Bank, reported a loss of $883,000 for the quarter and $538,000 for the full year ended Dec. 31, 2013, due primarily to actions on certain non-performing assets, announced Chevis C. Swetman, chairman and CEO of the holding company and the bank. Loss […] [...]

FNC index: Home prices continue moderate rise

by MBJ Staff Published: January 20,2014

Tags: FNC Inc, home, home price, house, real estate, Resendential Price Index, residence

OXFORD — The latest FNC Residential Price Index (RPI) shows U.S. home prices continuing to rise at a modest pace despite at a flatter rate when compared to the spring and summer months. This trend largely reflects a decline in housing activity. The index, constructed to gauge underlying property value based on non-distressed home sales […] [...]

New Coast baseball stadium attracting developers

BILOXI — A new baseball stadium in Biloxi could draw 350,000 people or more to the downtown each year, and those kinds of numbers are spurring the anticipated attention from developers and property owners. Jerry Creel, Biloxi’s community development director, tells The Sun Herald these are properties that haven’t drawn any calls in a long […] [...]

Coast enjoying second-home boom

by Lisa Monti Published: January 10,2014

Tags: Business, Gulf Coast, Mississippi, real estate

The Mississippi Coast, especially the western portion, is seeing a boom in the second-home market, which is returning after a post-Katrina dry spell. Louisianians from New Orleans, Baton Rouge and Lafayette are building or buying homes, many replacing ones lost in the 2005 storm. Some Realtors say the activity is a spillover from the red-hot […] [...]

Cochran ‘encouraged’ by effort to stop flood insurance reforms

WASHINGTON, D.C. – U.S. Sen. Thad Cochran (R-Miss.) says he is encouraged by the growing momentum for the Senate to consider bipartisan legislation he helped write to stop flood insurance reforms that are having unintended and harmful economic consequences throughout Mississippi and other states. Cochran met with dozens of local officials and business leaders in […] [...]

Supervisors say no to mayor’s request for records

MADISON — The Madison County Board of Supervisors has turned down a public records request from the mayor of Madison. Mayor Mary Hawkins Butler wants to see a study about restructuring the Lost Rabbit Public Improvement District outside city limits. The Clarion-Ledger reports that county officials said it would be premature to release the records […] [...]

City officials targeting blighted property

COLUMBUS — The City Council has appointed a task force to study Columbus’ problem with dilapidated properties and vacant lots. The Commercial Dispatch reported the request to set up a committee came from Councilman Kabir Karriem. He said the city needs to closely examine blighted areas and consider the possibility of incentives for redevelopment to […] [...]

Alabama developer pleads guilty to wetlands violations

by Associated Press Published: December 18,2013

Tags: bench, court, crime, ecosystem, environment, justice, law, legal, plea, real estate, wetlands, William R. "Rusty" Miller

HANCOCK COUNTY — A real estate developer accused of wetlands and Clean Water Act violations in Hancock County has pleaded guilty in federal court. The U.S. Department of Justice, in a news release, said William R. “Rusty” Miller, of Fairhope, Ala., pleaded yesterday to the unpermitted filling of wetlands near Bay St. Louis, in violation […] [...]

Supervisors call meeting to discuss Section 42 housing tax dispute

MCCOMB — Pike County supervisors want to meet with owners of Section 42 housing to settle a tax dispute that could cost the county thousands of dollars. Section 42 is housing, low-income apartment complexes whose developers get tax credits for building them. For years counties factored in the tax credits when calculating the apartments’ income […] [...]

Real estate developer to plead guilty to wetlands violation

HANCOCK COUNTY — A real estate developer set for trial on charges of wetlands and Clean Water Act violations in Hancock County has notified court officials he plans to plead guilty to a reduced charge. Federal court records show William R. “Rusty” Miller, of Fairhope, Ala., plans to accept a plea agreement on a charge […] [...]

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