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Real Estate & Construction

Mississippi State juggling multiple projects

    Tim Muzzi has become a very good juggler over the years. He’s had to keep several multi-million dollar building projects in the air at one time. As associate director of university architect facilities management, which oversees planning, design and construction on the campus of Mississippi State University (MSU), Muzzi has his hands full. Currently, there are six major ...

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School of construction only U.S. program with dual accreditation

The School of Construction is humming along at the University of Southern Mississippi (USM) with three undergraduate programs and one master’s degree with direct application to the construction industry. The master of science in engineering technology degree offers emphasis areas in construction management and technology, architecture and construction visualization and logistics management and technology. The undergraduate degrees are listed as ...

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Steel costs highest ever; lumber does nosedive

There is good and bad news regarding construction material costs. Lumber costs are the lowest seen in a very long time; however, the price of steel is at an all-time high.   The high cost of steel, a lot of which is imported, is linked to strong activity in the commercial building sector, said Bob Hellenthal, executive director, Mid South ...

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Major expansion projects

Ole Miss eyes future with new and expanded facilities across campus   The University of Mississippi (UM) is in the midst of major expansion with the construction of two new residence colleges, a new law school and an expanded baseball stadium. Between $170 and $180 million is being invested in ongoing construction projects at the university, according to Ian Banner, ...

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Home builders voice concerns

RIDGELAND — Home builders in Arkansas, Louisiana and Mississippi participating in a teleconference conducted by the National Association of Home Builders (NAHB) today said they are worried that the recent improvements they have been seeing in home sales are beginning to fade with the approach of the expiration of the $8,000 tax credit for first-time home buyers Dec. 1. Citing ...

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FNC splashes up new website

OXFORD — Mortgage technology company FNC Inc. has launched its new corporate website at www.fncinc.com. Using three primary menu options, viewers can now navigate the site based on their specific industry, the solution they need or the exact FNC product needed to solve pain points. From the site, they can also explore pages by following the site’s breadcrumb design, find ...

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HUD approves state's CDBG-R program

The U.S. Department of Housing and Urban Development (HUD) has approved the State of Mississippi’s plan to administer the Community Development Block Grant-Recovery (CDBG-R) Program, which is funded through the American Recovery and Reinvestment Act of 2009. Approximately $8 million has been allocated to the state to implement the program.

 “The Community Development Block Grant-Recovery Program will promote economic recovery ...

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EastGroup buys facilities

JACKSON — EastGroup Properties has acquired three business distribution buildings containing 227,000 square feet in Dallas for a combined purchase price of $6.675 million. The buildings, which will be renamed Interstate Distribution Center V, VI and VII, are located in the city’s close-in northwest submarket along the Stemmons Freeway. They were constructed in 1979-81 and are presently 87 percent occupied ...

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Broadband study's findings released

WASHINGTON — A new U.S. Department of Agriculture (USDA) economic analysis has found that rural communities with greater broadband Internet access had greater economic growth than areas with less access. The study, “Broadband Internet’s Value for Rural America” by economists at USDA’s Economic Research Service, compared counties that had broadband access relatively early (by 2000) with similarly situated counties that ...

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Non-residential construction still slumping

Private non-residential construction spending fell by 0.5 percent in June, according to the August 3 report by the U.S. Census Bureau. On a year-over-year basis, private non-residential construction is down 4.8 percent from June 2008. Overall, total non-residential construction spending, including both private and public, is up 0.1 percent from May 2009 to $711.9 billion, but down 0.7 percent from ...

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