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GreenTech extends pact with Chinese automaker Jianghu to build all-electric cars

December 18, 2013

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In some of the first positive news to come out of GreenTech in several months, the McLean, Va., company which plans to build cars in Mississippi says it has extended its partnership with Chinese automaker Jianghui Automotive Co. Ltd. to develop and make a 4-door, all-electric vehicle for the North American market. GreenTech, with a […]

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FNC Index: October home prices up; pace slows

December 16, 2013

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OXFORD, Mississippi — U.S. home prices continue to rise in October despite signs of decreasing mortgage and home sale activity. The latest FNC Residential Price Index (RPI) shows October home prices are up, albeit at a slower pace than previous months. The index, constructed to gauge underlying property value based on non-distressed home sales, showed […]

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Commercial/multifamily mortgage debt posts largest increase since ’08

December 12, 2013

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Commercial/multifamily mortgage debt outstanding grew to its highest level in five years in the third quarter, increasing by $25.2 billion as all four major investor groups increased their holdings, a new report from the Mortgage Bankers Association (MBA) says. That is a 1 percent increase over the second quarter of 2013. Total commercial/multifamily debt outstanding […]

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D’Iberville debuts affordable housing community for 55-and-older residents

December 11, 2013

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D’IBERVILLE – As many municipalities across the country struggle to provide affordable housing for the aging Baby Boomer population, the Mississippi Gulf Coast has found a solution with the recent opening of Riverside, an adult waterfront community located in D’Iberville. Riverside was made possible through a unique private/public/non-profit partnership. Officials with Gulf Coast Renaissance Corp., […]

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Nationally, new home sales surge 25% in October

December 4, 2013

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home for sale pic

New home sales are surging, according to a report from the U.S. government on Wednesday. Sales of new single family homes jumped to a seasonally adjusted annual rate of 444,000 in October, up 25.4% from the previous month’s revised rate, according to the U.S. Department of Housing and Urban Development.

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Foreclosures dip statewide in September

November 26, 2013

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Foreclosure rates in Jackson dropped more than a half percentage point in September compared to the same month last year. Meanwhile, foreclosures statewide dropped by nearly two-thirds of a percentage point in September from September 2012, according to newly released data from CoreLogic, a California-based real estate research firm. The CoreLogic data shows that the […]

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Jackson Furniture to open 2 Mississippi plants, hire 250

November 25, 2013

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Jackson Furniture of Cleveland, Tenn., is expanding its manufacturing operations into Mississippi with the opening of plants in Itawamba County’s Mantachie and Union County’s Myrtle. The maker of motion and stationary furniture says it is investing $2 million and creating 250 jobs over three years at the two locations. Jackson Furniture will manufacture motion furniture […]

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UMMC’s Landmark purchase gets IHL nod

November 22, 2013

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A large user for the long-vacant Landmark Center on Capitol Street would inject some much-needed vitality into downtown Jackson, Central Business District leaders say.

A sizable chunk of downtown Jackson’s vacant office space will soon move to the occupied side of the ledger with the University of Mississippi Medical Center’s planned purchase of the Landmark Center. The two-year-wait for an occupant for the 366,500 square-foot building at the corner of Capitol and Lamar streets ended Thursday with UMMC getting […]

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Atlanta fast-food supplier reviving dormant Jackson distribution center

November 20, 2013

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JACKSON, Mississippi — A long vacant refrigeration and dry storage distribution center at Jackson’s Hawkins Field Industrial Park has a new owner that plans nearly $1 million in upgrades to the warehouse and the initial hiring of 30 warehouse workers and drivers. Atlanta-based Customized Distributors LLC will grow to 50 workers over the next two […]

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Smithville celebrates new domed gym-disaster structure as tornado recovery continues

November 15, 2013

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SMITHVILLE, Mississippi — Monroe County received a check for $1.4 million Friday to put toward the cost of building the Smithville school’s new monolithic dome gym, a tornado-resistant structure that replaces the gym destroyed on April 27, 2011 by an EF5 tornado that roared through the center of town, killing 16 people. The domed gym […]

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