Mississippi Business Journal » residential real estate

City, state to hold second sale of tax-forfeited property

MBJ Staff — Fri, 17 May 2013 12:07:06 +0000

GREENVILLE — Secretary of State Delbert Hosemann and Greenville Mayor John Cox are hoping the second round of tax-forfeited land sales in Greenville will be just as successful as the first. In a joint press conference, Hosemann and Cox announced the public sale of another 94 parcels of tax-forfeited land, valued at $210,000. “I would [...]

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Commission wants home to be national landmark

Associated Press — Thu, 16 May 2013 21:07:42 +0000

OXFORD — The Oxford Historic Preservation Commission wants the 165-year-old antebellum Shaw House registered as a national landmark so someone will buy and restore it. The home was built in 1848 by Oxford brick maker Dave Kennedy and has been in the Shaw family since 1929. It’s located on 5.8 acres of land and is [...]

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City sees building permits soar during first quarter

Associated Press — Sun, 12 May 2013 20:25:32 +0000

CORINTH — Building permit activity in the first three months of the year was sharply higher in Corinth. The Daily Corinthian reports the Corinth School District’s softball complex accounted for about two-thirds of the quarter’s total of $4.356 million. In the same quarter a year ago construction permits totaled $555,350. CIG Contractors obtained a permit for [...]

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State Farm appeals Katrina-related whistleblower lawsuit ruling

Associated Press — Thu, 09 May 2013 17:21:09 +0000

GULFPORT — State Farm Fire and Casualty Co. has asked a judge to void a jury’s finding that the company defrauded the government involving a policyholder claim after Hurricane Katrina. Motions filed in U.S. District Court in Gulfport also seek a new trial The verdict came in April in a whistleblower lawsuit against the Illinois- [...]

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Officials mulling building codes for unincorporated areas

Associated Press — Wed, 08 May 2013 11:31:46 +0000

OXFORD — Some buildings in unincorporated areas of Lafayette County may soon have to be constructed according to building codes, though officials are still working on the details. A code has not been adopted. However, county supervisors have appointed a committee to work out details of what will be in the building code Proposals to [...]

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City now requiring rental owners to have license, inspection

Associated Press — Fri, 26 Apr 2013 12:33:25 +0000

MCCOMB — The city of McComb will soon require some rental property owners to obtain a privilege license and have their properties inspected. The Enterprise-Journal reports Mayor Whitney Rawlings broke a tie vote this week to approve the ordinance. It will require all rental property owners with three or more properties purchase what will likely [...]

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Delta city wants state’s permission to donate cottages

Associated Press — Thu, 25 Apr 2013 11:18:08 +0000

GREENWOOD — Officials have asked Gov. Phil Bryant to allow lawmakers consider during tomorrow’s special session a local bill to allow the city of Greenwood to donate small homes to a nonprofit organization for low-income housing. Similar legislation died during the 2013 regular session. The Greenwood Commonwealth reports the city has 26 Katrina cottages, small [...]

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City gives owner of historic home more time for renovations

Associated Press — Wed, 17 Apr 2013 14:02:00 +0000

VICKSBURG — Beck House owner Robert Rosenthal has two more months to complete exterior renovations to the house and clean the property. The Board of Mayor and Aldermen granted the extension this week. The house is on the city’s list of dilapidated and overgrown lots. Rosenthal asked to have his building permit reinstated and wanted [...]

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FNC index shows U.S. property values rose again in February

MBJ Staff — Tue, 16 Apr 2013 12:18:46 +0000

OXFORD — The latest FNC Residential Price Index (RPI) indicates that U.S. property values rose again in February, continuing a trend that began in the spring of 2012, which has become widely recognized as the beginning of the housing market’s recovery. In February, the FNC RPI recorded a 28-month high after rising for 12 straight [...]

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Hertz targeting Regions building for apartments

Ted Carter — Fri, 12 Apr 2013 19:26:24 +0000

Downtown Jackson’s Regions building has borne many names in its nearly 85 years, but the 18-floor historic landmark may soon be called “home” for renters eager to live downtown. Developers for several years have eyed the circa 1928 office building for conversion to residential apartments. The challenges of lining up financing and securing the requisite [...]

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