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Real Estate & Construction

Five join White Construction

White Construction Co. has added five new employees. Hunter Hawkins is an estimator in the Jackson office. Hawkins is a Jackson native and a licensed pilot. He obtained his Construction Sciences degree from the University of Southern Mississippi in Hattiesburg. Teddy Evans is a superintendent in the Jackson office. He is a native of Crystal Springs and has 35 years experience ...

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Getting even in the metro: Commercial real estate supply & demand reaching equilibrium

By TED CARTER Metro Jackson’s commercial real estate market is headed toward a balance lost nearly a decade ago in the aftermath of Katrina and the Great Recession that followed a couple years later. The apparent return of market balance to the metro office, industrial, retail and lodging sectors is among the findings in the 2015 Midyear Viewpoint prepared by Integra ...

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Costco — a long time coming and not there yet

By JACK WEATHERLY It is no secret that Costco has had trouble trying to move into the metro Jackson market. Which is not to say that it hasn’t been recruited – openly in one case, and not so openly in another. Last year, its efforts to build a store on Lakeland Boulevard in Jackson were rebuffed by the city Planning ...

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COMMERCIAL FINANCE 701 — Appraisals, cap rates & loan dollars

An appraisal is one of the most significant obstacles to a competent developer’s obtaining a commercial loan.  Once received, the anticipated appraisal chiefly goes unread – except for a few critical numbers.  This article discusses appraisals, cap rates and loan dollars. What is an appraisal? Not surprisingly, the feds have their own definition of “appraisal.”  At 12 CFR 225.62, the ...

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Trial begins in 2012 slaying of Bay St. Louis businessman

BAY ST. LOUIS — The trial has begun in the trial of a man accused of killing an 83-year-old Bay St. Louis businessman three years ago. The Sun Herald reports that jurors this week began hearing opening statements and testimony from several witnesses in the trial of 45-year-old Glen Davis. Davis faces a life sentence without parole if convicted of ...

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Owner seeks $12.5 million for Pass Christian home

PASS CHRISTIAN — The Pass Christian home of Charles and Nancy Ramsey is the most expensive MLS-listed house in Mississippi at $12.5 million. “There are a lot of fine qualities to the home,” realtor Liz Hanson told The Sun Herald (http://bit.ly/1WckjXZ ). “They have a sitting room with a fireplace and an Italian carved mantel that’s just beautiful. The library has ...

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Madison County supervisors to hear new proposals for conference center

By TED CARTER The push for a conference center and privately funded hotel in Madison County has been mostly dormant the past 10 years. That could end Aug. 17 when the Board of Supervisors takes up a resolution to support a proposal from the county’s Economic Development Authority to explore a partnership with Holmes Community College for building a 63,000-square-foot center ...

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Landmark conversion to increase apartment total with 50 percent ownership sale

By TED CARTER  The sale of a half ownership in downtown Jackson’s Landmark Center is part of a plan to significantly increase the residential component of a conversion to mixed use for the glass-enclosed office building at Capital and Lamar streets. Jackson commercial real estate broker Brian Estes said selling Weinstein Nelson Developers LLC of Baton Rouge a stake in ...

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Long Beach approves Katrina slab ordinance

LONG BEACH — In 30 days, Long Beach residents will have to remove any slabs left behind on their property from Hurricane Katrina. Mayor Billy Skellie told local media the ordinance was approved by the board of aldermen on Wednesday and takes effect in 30 days. After that, once property owners are notified, they have to take action immediately to ...

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Job ad’s bogus pay figure for new JRA chief creates confusion

By TED CARTER A fraudulent Internet job posting that listed the annual pay for the next executive director of the Jackson Redevelopment Authority at $160,000 may have confused the final two candidates but won’t force a restart of the effort to fill the job. That’s the assessment the chairwoman of the Jackson Redevelopment Authority and the head of a search firm ...

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