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Real Estate & Construction

COMMERCIAL FINANCE 701 — Real property taxes – ad valorem and more

An observant, pragmatic and penny-pinching Benjamin Franklin once mused, “In this world nothing can be said to be certain, except death and taxes.” The quip distills the issue to its core, but taxes in today’s world are much more complex than Franklin’s succinct quote would suggest. This article is about ad valorem taxes on real property in Mississippi. Ad Valorem ...

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Ready, set, wait – Developers eager to begin work on historic preservation projects

By TED CARTER Mississippi’s historic preservation tax credits make it possible for Neil and Mike Juneau to look at the campus of Gulfport’s long-closed Department of Veterans Affairs hospital and see a Holiday Inn Resort surrounded by a community of apartments, shops, restaurants and offices. In Greenville, the tax credits allow Bill Boykin to see a new commercial life for the ...

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Hopeful signs for restoring state’s historic tax credits

By TED CARTER Preservationists across Mississippi and the professionals who lend their expertise to saving the state’s past say they are encouraged by support key legislators have signaled for renewing historic preservation tax credits in the 2016 session. That optimism is rooted in caution, however. The  Mississippi Heritage Trust in October put the tax credits tenth on the list of the ...

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Jackson CBD promoters cheer Forman Watkins’ move to Regions Plaza

By TED CARTER Regions Plaza’s future, as well as its bottom line, became considerably brighter with Tuesday’s announcement that law firm Forman Watkins & Krutz will occupy the upper four floors of the 22-story tower in downtown Jackson. The 29-year-old firm’s move from downtown’s City Centre into the 55,000 square foot space should be completed by late May or early June, ...

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Maron reappointed to panel

Adams and Reese Partner Elizabeth Maron has been reappointed by the Mississippi Supreme Court for a fourth term to the Mississippi Commission on Continuing Legal Education. She is president of the Commission. At Adams and Reese, Maron focuses her practice on employment law, education law, real estate transactions and general litigation. Maron has been selected by her peers among the ...

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JRA will hear proposal for Denver developer’s Farish St. restart

By TED CARTER The Jackson Redevelopment Authority has agreed to hear Denver developer Leroy Smith’s proposal to restart Jackson’s stalled Farish Street redevelopment as part of a $100 million investment he wants to make in downtown and West Jackson. To adhere to a Chancery Court order that the proposal be heard, former Farish Street developer David Watkins will make the ...

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Work on Jackson’s Capitol Art Lofts delayed

By JACK WEATHERLY  HRI Properties announced in April that it had secured financing for a $10.4 million renovation of a historic block across from the King Edward hotel on Capitol Street in Jackson. Construction of the Capitol Art Lofts, according to the New Orleans-based developer, was to start this fall. But Joshua Collen, vice president for development for HRI, said ...

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PHIL HARDWICK — The last resort for homes that won’t sell

The Smiths home had been on the market a long time. It was a beautiful property priced right, but it just seemed that it would not sell. The Smiths were desperate. Finally, they dug a hole in the front yard, planted an item and said a prayer. Their property sold the next week. The dream of just about every seller ...

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JRA expected to hear Denver developer’s Farish St. proposal at special meeting

By  TED CARTER The Jackson Development Authority has put the dormant Farish Street redevelopment on the agenda of a special meeting at 10 a.m. Wednesday. The action follows a Hinds Chancery judge’s order for Development Authority lawyers not to impede consideration of a possible deal on redeveloping the two block portion of Farish Street. The trial lawyer for the JRA ...

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Cathead Vodka moving to Farish Street in Downtown Jackson

Downtown Jackson is set to become the new home of Cathead Distillery with an early December opening in a 20,000 square-foot building on South Farish Street behind the Jackson Convention Center Complex. Cathead’s new location at 422 S. Farish St. formerly housed the Mississippi School Book Co. For the past five years, Cathead Distillery has been building its distribution and ...

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