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Real Estate & Construction

FNC endorses Fannie Mae move

OXFORD — In response to inquiries from its mortgage lender and appraiser clients, officials of mortgage technology company FNC Inc. said they fully support Fannie Mae’s Announcement 09-14. The announcement requires lenders to submit electronic appraisal data when selling loans to Fannie Mae. FNC said it believes initiatives like this will contribute to better risk assessment and improved transparency in ...

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EOC officially in operation

HANCOCK COUNTY — Mississippi Gov. Haley Barbour and first lady Marsha Barbour were among special guests as officials at NASA’s John C. Stennis Space Center cut the ribbon on its new Emergency Operations Center June 2. Officials say the 78,688-square-foot facility is a giant leap forward in emergency operations and response capabilities, enabling critical integration by consolidating the center’s medical ...

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Parkway sells Texas facility

JACKSON — Parkway Properties Inc. has closed the fee simple sale of the 1717 St. James Place office property located in Houston, Texas. The gross sales price was $8.7 million; Parkway received net cash proceeds from the sale of approximately $8.4 million. The office building, built in 1975, is a 110,000-square-foot property that was 87.9 percent occupied at June 1. ...

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EastGroup enters Las Vegas

JACKSON — EastGroup Properties has acquired the Arville Distribution Center in Las Vegas, Nev., for a purchase price of $11.05 million. The purchase represents EastGroup’s entry in the Las Vegas market. Arville, which was constructed in 1997, is a two-building, business distribution complex containing 142,000 square feet and is located in the southwest submarket of the city. It is 77 ...

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Carey building new theatre

HATTIESBURG — William Carey University (WCU) will break ground for a new theatre June 5 at 10 a.m. on the Hattiesburg campus. The new black box theatre will replace the current one located on the first floor of Tatum Court. The private university, which is also planning to build a new College of Osteopathic Medicine on its Hattiesburg campus, said ...

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Katrina recovery program hits milsestone

MISSISSIPPI GULF COAST — With the opening of 262 new units today, the Mississippi Development Authority’s (MDA’s) Public Housing Grant Program, funded through Mississippi’s $5.4-billion federally provided Hurricane Katrina recovery package, has now finished more than 900 public housing units, and more are poised to become available in the coming weeks. “We said in April that we expect about 600 ...

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WCU gets $1M from Asbury Foundation

HATTIESBURG — William Carey University (WCU) has received a $1-million grant toward construction and operation of the proposed College of Osteopathic Medicine (COM) from the Asbury Foundation of Hattiesburg. “This generous gift from the Asbury Foundation is not only a gift to Carey, but to the people of South Mississippi who will eventually reap the rewards of newly trained doctors ...

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Piney Woods Pellets begins operations

WIGGINS — The Stone County Economic Development Council, Gov. Haley Barbour and others will celebrate the first official production day at Piney Woods Pellets in Wiggins June 2. Barbour will tour the facility and present a keynote address in celebration of the event. A public grand opening will be conducted later in June; details for that event will be forthcoming. ...

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New, expanded facilities top $2.4B

ACROSS MISSISSIPPI — According to the Mississippi Development Authority’s “New and Expanded Facilities Summary,” from January-April 2009 there a total of 68 new and expanded facilities announced statewide, which are expected to create an estimated 1,677 new jobs and represent an estimated capital investment of approximately $2.454 billion. There were 39 expansions announced, which are expected to create an estimated ...

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Crye-Leike celebrates award recipients

Pam Barr, Shari Lakey, Sheri Bryan, Laurie McClintock, Dan Grimmett, Vicki Freeze, and Julie Bishop of Crye-Leike, REALTORS in Jackson have received the company’s Multi-Million Dollar Club Award.  The recipients were honored for achieving multi-million dollar sales in 2008.

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