Business Blog » Real Estate

Plywood panel maker Natron Wood’s new Louisville plant to hire 200

Ted Carter — Mon, 13 May 2013 22:20:53 +0000

Oregon-based plywood panel producer Natron Wood Products is moving into a vacant 250,000 square-foot building in Louisville and will create 200 new jobs as it begins operations. The plant represents a $10 million investment by Natron Wood Products, Gov. Phil Bryant said Monday at an official announcement of the plant in Louisville. Natron Wood’s Winston [...]

Drillers in Tuscaloosa Marine Shale region expect big savings from state tax cut

Ted Carter — Fri, 10 May 2013 22:05:51 +0000

JACKSON — Canadian energy company Encana estimates a new 80 percent state tax cut will save it up to $800,000 a year in oil and natural gas extraction taxes on wells it puts into production after July 1 in Southwest Mississippi’s Tuscaloosa Marine Shale development. Encana has six deep ground horizontal wells in the Tuscaloosa [...]

(UPDATED) Bryant gives drillers of horizontal oil & gas wells huge tax break

Ted Carter — Thu, 09 May 2013 20:52:50 +0000

JACKSON, MISSISSIPPI — Energy exploration companies that do horizontal drilling in Mississippi will pay 80 percent less in taxes next year on oil and gas they extract. The prospect of an economic bonanza from extracting shale oil from below ground in Mississippi, especially the southwest part of the state, led Gov. Phil Bryant to make [...]

Laundry processor creating 150 jobs in Columbia

Ted Carter — Wed, 10 Apr 2013 22:23:33 +0000

Pensacola, Fla.-based Crown Health Care Laundry Services Inc. will set up laundry processing operations in Columbia, a move that will create about 150 jobs for the South Mississippi community. The company, which provides specialized laundry services and linen rentals to the health care industry, will make a $6 million investment to establish the Columbia operations. [...]

CCIM forum to spotlight real estate economic forecast

Ted Carter — Wed, 03 Apr 2013 22:29:53 +0000

A forum titled “Commercial Real Estate an Economic Forecast” is on tab Thursday afternoon at the Mississippi Association of Realtors headquarters at 4274 Lakeland Drive. The forum presented by the Mississippi CCIM Chapter includes a panel discussion by Fountain Barksdale, Bank Plus; Jonathan Gould, Stonemar Realty; Paul Gunn, Watkins Eager Law Firm; Dr. Matthew Hill, [...]

Jackson area housing prices up nearly 4 percent

Ross Reily — Wed, 03 Apr 2013 12:08:21 +0000

In Jackson, home prices, including distressed sales, increased by 3.8 percent in February 2013 compared to February 2012. On a month-over-month basis, home prices, including distressed sales, decreased by 1.2 percent in February 2013 compared to January 2013. Excluding distressed sales, year-over-year prices increased by 6.2 percent in February 2013 compared to February 2012. On [...]

Landmark final offer for DOR HQ came in $10M above South Pointe’s

Ted Carter — Tue, 26 Mar 2013 22:47:45 +0000

With a 20-year-lease offer of $48.5 million on the table, downtown Jackson’s Landmark Center held a clear lead in the competition to become the new headquarters of the Mississippi Department of Revenue. Rivals South Pointe Business Park in Clinton and Diversified Technologies complex in Ridgeland presented offers of $51.4 million and $53.4 million, respectively. [...]

DOR workers thrilled about pending move

Ted Carter — Tue, 26 Mar 2013 17:58:26 +0000

Here’s proof that things can seem horribly bad one week and just peachy the next. On March 18, employees of the Mississippi Department of Revenue endured the ear-splitting sound of a hail onslaught banging on a tin roof and aluminum walls. Seven days later, they heard the wonderful words they’ve awaited for nearly two decades: [...]

Three Roberts hotels sold at bankruptcy auction; Walthall not included

Ted Carter — Mon, 25 Mar 2013 21:31:20 +0000

A hearing is set for April 3 in St. Louis to finalize the sale of three hotels owned by St. Louis-based Roberts Cos., owners of downtown Jackson’s shuttered Roberts Vista Hotel. The Jackson property, known for several decades as The Walthall, is not among the Roberts hotels to be sold April 3. The 85-year-old East [...]

(Update) Final price made Clinton’s South Pointe the pick for new Revenue Department HQ

Ted Carter — Mon, 25 Mar 2013 15:39:35 +0000

Aggressive last-minute price cutting did the trick for Clinton’s South Pointe Business Park in the competition to become the new home of the Mississippi Department of Revenue, the state says. The selection came down to price, with representatives of the former WorldCom headquarters presenting a lease offer too attractive to pass up, said Kevin Upchurch, [...]