Home » NEWS » Real Estate & Construction (page 187)

Real Estate & Construction

Construction material costs rise

WASHINGTON — After eight months of decline, prices of construction materials increased 0.5 percent in May 2009. However, prices are still down by 5.3 percent on a year-over-year basis. Construction materials trending higher include fabricated ferrous wire, up 0.5 percent, marking the first increase since October of last year. On a year-over-year basis, prices are up 0.1 percent. Prices for ...

Read More »

Katrina recovery project underway

BAY ST. LOUIS — The Washington Street Project, seen as a major component of Bay St. Louis’ Hurricane Katrina recovery efforts, has begun. The $3-million initiative was funded by Mississippi’s federally-sourced Katrina recovery program. “The Washington Street Project is another excellent example of the state stepping aside and letting the local community plan and prioritize its needs in the ongoing ...

Read More »

Katrina recovery funds approved

MISSISSIPPI GULF COAST — Sen. Thad Cochran (R-Miss.) announced funding for Mississippi to assist in continued Hurricane Katrina recovery. The funding was approved through the FY 2009 Supplemental Appropriations bill, which was agreed to by the Senate-House Conference Committee. Funding details are: • $439 million for Mississippi’s barrier islands — Funds will be used to fortify and restore the islands, ...

Read More »

HCDC moves into new office

GULFPORT — The Harrison County Development Commission (HCDC) has relocated its office on Intraplex Parkway in Gulfport. HCDC’s new mailing address is 12281 Intraplex Parkway, Gulfport, 39503. The phone number, (228) 896-5020, and fax number, (228) 896-6020, will remain the same. Created in 1958, the HCDC is the lead economic development agency for Harrison County, including the cities of Pass ...

Read More »

With some people paying more than three times what they were, affordable insurance plagues Coast’s recovery

  Nearly four years after Hurricane Katrina, the Mississippi Gulf Coast remains a shell of its former self. While many challenges have been met, the lack of affordable insurance continues to plague the region’s recovery. Mississippi Insurance Commissioner Mike Chaney said that insurance rates, particularly on the residential side, vary greatly from street to street on the Coast. Property owners ...

Read More »

LEED v3 is so new many architects still are unfamiliar with it

In late April, the U.S. Green Building Council (USGBC) rolled out its next version of  the Leadership in Energy and Environmental Design (LEED) green building certification system. Dubbed LEED v3, it builds on the fundamental structure and familiarity of the existing rating system (LEED v2.2) while incorporating new technology and addressing priorities such as energy usage and CO2 emissions. LEED v3 ...

Read More »

Taylor outraged over testimony

JACKSON — Rep. Gene Taylor (D-Miss.) is pointing to testimony given June 9 before the Mississippi Supreme Court as proof that his multi-peril insurance legislation should become law. According to Taylor’s Office, in oral arguments before the Mississippi Supreme Court insurance company USAA admitted that it shifted its own costs to the federal government’s National Flood Insurance Program (NFIP). In ...

Read More »

Pierce honored with SBLA

HATTIESBURG — William Carey University and the Area Development Partnership honored Dennis Pierce, owner of Dennis Pierce Inc. and PierCon Inc. with the Small Business Leadership Award (SBLA) during the Small Business Leadership Luncheon held on the Hattiesburg campus of William Carey. The SBLA recognizes the important contributions of small businesses to the economic, social and cultural life of the ...

Read More »

State Farm staying off Coast

ACROSS MISSISSIPPI — A little more than two years after suspending the writing of new homeowners policies in Mississippi, State Farm is again writing new policies, except in the coastal counties of Hancock, Harrison and Jackson. New policyholders will pay a little more for their policies. A roughly 3.9 percent statewide rate increase was approved by Insurance Commissioner Mike Chaney. ...

Read More »

Capital One gets more NMTC funds

NEW YORK — Capital One Bank has received an award of $90 million in New Markets Tax Credits (NMTC) to support the bank’s lending and encourage investments in underserved communities in a number of states, including Mississippi. The allocation was awarded through the U.S. Treasury Department’s Community Development Financial Institutions (CDFI) fund to Capital One Community Renewal Fund, LLC, a ...

Read More »