Business Blog

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 [...]

Foreclosure rates in Jackson decreased for the month of September over the same period last year, according to newly released data from CoreLogic. The CoreLogic data reveals that the rate of Jackson area foreclosures among outstanding mortgage loans was 2.04 percent for the month of September 2012, a decrease of 0.26 percentage points compared to [...]

At a time when the housing industry needs an infusion of hope, the demographic gods are poised to unleash what some realtors, lenders and builders say will be the industry’s salvation: waves of young Hispanic workers and families hungry for houses of their own. For the moment, however, holding back that salvation are such economic [...]

CBD promoters keeping fingers crossed Department of Revenue will lease 200,000 square feet at Landmark Center Downtown Jackson’s office vacancy rate languished at 27 percent at the end of the third quarter, a worrisome figure that has changed little in the nearly three years since the departure of such major tenants as the Butler Snow [...]

Should Mississippi legislators decide to build a new home for the state Department of Revenue, a state-owned parcel north of Smith-Wills Stadium on Lakeland Drive is the top-ranked site in a site-selection study performed by national real estate company Cushman & Wakefield. The 10-acre property between the Educational Research Center along Ridgewood Road and the [...]

Plaintiff seeks release of financial documents, accuses Parkway of forging e-mail attachment JACKSON – At a recent hearing a judge ruled the case in which the former CFO of Parkway Properties Inc. (NYSE: PKY) alleges wrongful termination and fraud will be tried June 4. The judge did not rule on disagreements about the plaintiff’s expert [...]

JACKSON — Parkway Properties, Inc. (NYSE: PKY) announced today that Mr. William R. Flatt has resigned as Executive Vice President and Chief Operating Officer effective October 15, 2011. Additionally, the Board of Directors has approved the promotion of Mr. M. Jayson Lipsey to Executive Vice President and Chief Operating Officer effective the same date. Jayson [...]

New CEO, poor stock performance and missed earnings Parkway Properties’ headquarters will remain in Jackson at least for now, and a new Orlando, Fla.-based CEO will take the company reins Jan. 1. About 100 days after its combination with Eola Capital LLC, Parkway Properties Inc. announced CEO Steve Rogers’ retirement and succession by Eola chairman [...]

Longtime Parkway Properties CEO Steve Rogers has announced he is stepping down at the end of the year. MBJ-TV recently visited with Rogers and his successor Jim Heistand to talk about the history and future of the Jackson-based public commercial real estate company.

By Amy McCullough Attorneys for Mississippi Valley Title, the Bank of Forest and Heritage Bank gave opening statements yesterday for the long-awaited Evans trial in U.S. Bankruptcy Court for the Southern District of Mississippi. Judge Neil Olack will rule on the case. There is no jury, and proceedings will continue through Friday (March 4). The [...]