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Real Estate & Construction

Auction of UA Northpark 14 building hits a snag

By JACK WEATHERLY An auction of the UA Northpark 14 movie theater building last Thursday failed to draw a bid, but the owner of the property said interest was shown in the 36,000-square-foot building on the Ring Road north of Northpark Mall. William McGuire of United Development Co. of Southlake, Texas, said Monday a glitch interfered with the attempt to ...

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Elevated pedestrian crosswalk to span Highway 90 at Beau Rivage

By BECKY GILLETTE Biloxi is going up. One of the busiest intersections on Highway 90, the intersection with Beau Rivage Resort & Casino and the MGM Park, is getting an elevated pedestrian crosswalk. The Beau Rivage Resort & Casino is the largest hotel in the state with 1,740 rooms. It is across the street from the MGM Park, home of ...

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First eClosings in Mississippi touted as a wave of the future

By BECKY GILLETTE While buying new property can be an exhilarating experience that may come after years of saving and dreaming, the closing process of shuffling and signing dozens of papers with leagues of fine print can be time consuming and annoying. Courtney Robbins, attorney with Luckett Land Title, said her company has championed the idea of making real estate ...

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Man pleads guilty to rigging bids at foreclosure auctions

Prosecutors say a businessman accused of conspiring to rig bids at public foreclosure auctions in Mississippi has become the sixth real estate investor to plead guilty in the investigation. The Sun Herald cites a U.S. Department of Justice statement as saying that Ivan Spinner pleaded guilty Monday in U.S. District Court to one charge of price fixing. Prosecutors say that from April ...

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COMMERCIAL FINANCE 701 — Real estate loans – HVCRE revisited

In the midst of all the recent investigations, pardons, Supreme Court rulings, and incessant breaking news, you might have missed a favorable change in federal banking law.  On May 22, Congress amended the Dodd–Frank Wall Street Reform and Consumer Protection Act (enacted in 2010), which revisions included significant tweaks to the High Volatility Commercial Real Estate (HVCRE) regulations governing commercial ...

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Fair Housing Act’s 50th anniversary to be observed

By MBJ STAFF To commemorate the 50th anniversary of the Fair Housing Act, three local professional real estate organizations, Central Mississippi REALTORS, the Women’s Council of REALTORS, and the National Association of Real Estate Brokers (NAREB) will offer an educational event on July 25 for real estate professionals in the Jackson metro area. The event is titled “Fair Housing: Myth ...

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Hattiesburg Clinic starts work on facilities  

By JACK WEATHERLY The Hattiesburg Clinic broke ground Wednesday for two facilities at its Tatum Park campus, located off Veterans Memorial Highway, Highway 11, in Hattiesburg. One is a two-story, 57,221-square-foot orthopedics and sports medicine building that will house clinical practice space for 14 orthopedic providers, a 9,000-square-foot physical therapy suite, community conference center and an imaging suite. The facility ...

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UA Northpark 14 building to go on auction block

By JACK WEATHERLY The UA Northpark 14 movie theater in Ridgeland will go on the auction block June 28. Regal Entertainment Group notified the movie house’s owner, United Development Co. Global in early 2016 that it was not renewing the lease. But it did. And as of Tuesday, Regal was still operating the theater. Now United Development wants to find ...

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Adams and Reese’s Ogletree elected a Fellow in ACREL

Adams and Reese Jackson office partner Gee Ogletree has been elected as a Fellow of the American College of Real Estate Lawyers (ACREL). Admission to the prestigious ACREL is by invitation only after a screening process with importance legal ability, experience, and high standards of professional and ethical conduct. Ogletree joined Adams and Reese in 1997 as a founding member ...

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McComb real estate office ranks top in the nation for 9th time

United Country Real Estate, headquartered in Kansas City, Mo., recently announced that United Country Real Estate-Gibson Realty and Land Company in McComb, ranked first in the nation out of more than 400 UCRE offices nationally for its sales in 2017. Owners/Brokers Scott Lindsey and Patrick Gibson accepted the award during UCRE’s Annual Training and Awards Convention in Nashville. Many of ...

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