For D. Brooks Holstein, opportunity is just around the corner, down the street or just off the interstate or anywhere else people head to buy something. Holstein has been a hunter of distressed retail centers for three decades, but the region’s deep and difficult commercial real estate slump has given him a much wider selection [...] [...]
Conventional wisdom says opportunities to buy distressed retail centers have been erased by the slow but steady economic rebound of the nation and region. An initial inspection of the retail landscape may support that thinking. But Bob Flowers, state director of the Alabama-Mississippi division of the International Council of Shopping Centers, thinks otherwise. “We think [...] [...]
by Associated Press Published: May 7,2012
Tags: home insurance, homeowners, homeowners insurance, homes, houses, hurricanes, insurance, residences, residential real estate, residents, severe weather, tropical weather, Weather, wind coverage
MISSISSIPPI GULF COAST — Traditional insurance companies are still generally avoiding coastal risks. But a few companies new to Mississippi’s coastal market are writing wind coverage for well-built homes near the waterfront. So are insurance carriers that are not licensed in Mississippi. Angelyn Treutel is an independent insurance agent and vice president of the agency [...] [...]
by Associated Press Published: May 7,2012
Tags: community development, culture, Heritage, historic, history, municipal government, residences, residential, residential real estate, residents, slave trade, slaves, townhouses
NATCHEZ — A developer wants to construct townhomes on land located next to the Forks of the Road historic site. The Natchez Democrat reports the Planning Commission voted 5-2 in January to approve a site plan for the 26-unit affordable townhouse development. Charter Companies of Oxford is the developer. Alderman Ernest “Tony” Fields says he [...] [...]
by Associated Press Published: May 6,2012
Tags: city council, councilmen, culture, demolition, fire, firefighters, firefighting, Heritage, histocial structure, history, mayor, municipal government, renovation
MOSS POINT — The old central fire station built in downtown Moss Point in 1926 has seen better days, but Mayor Aneice Liddell wants to save it. City council members had earlier voted to tear the hurricane damaged building down, but the mayor vetoed the action. “It could be something with retail, a restaurant; it [...] [...]
by Ted Carter Published: May 6,2012
Tags: Andrew Mattiace, Andy Stetelman, Best Buy, big box retail, Comvest Properties, D. Brooks Holstein, Dick's Sporting Goods, Fresh Market, GO Zone bonds, Jeff Speed, London & Stetelman, Mark Utley, Mattiace Properties, Michael's, Petco, Speed Commercial Real Estate, Utley Properties, William C. Smith III
Big box retailers are now doing what young children have always done when uneasy about things. They’re getting clingy, commercial real estate professionals say. So now you know why certain nationally branded stores are typically situated close to each other these days, they say. It’s part of a retail real estate trend called “co-tenancy” that [...] [...]
by MBJ Staff Published: May 2,2012
Tags: acquisition, casinos, Conventions, credit, financing, gambling, gaming, hospitality, lodging, meetings, mergers, purchase, restaurants, tourism, tourists, visitors
BAY ST. LOUIS — Las Vegas, Nev.-based Full House Resorts reports it has obtained financing commitments for new credit facilities totaling $75 million to fund the company’s acquisition of the Silver Slipper Casino. The financing will consist of a $55 million first lien credit facility and a $20 million second lien facility. Capital One N.A. [...] [...]
by MBJ Staff Published: May 1,2012
Tags: banking, Banks, community development financial insitution, financial institutions, homeowners, homeownership, homes, membership, residences, residential real estate
GULFPORT — Gulf Coast Renaissance Corp. was recently granted membership into the Federal Home Loan Bank of Dallas (FHLB Dallas). According to Renaissance Corp., a nonprofit organization focused on creating affordable homeownership opportunities and stimulating economic development through the small business sector, it is the first non-bank community development financial institution (CDFI) in the state [...] [...]
by MBJ Staff Published: April 30,2012
Tags: economy, home prices, homeowners, homes, houses, real estate, recession, residences, residential real estate, residents
OXFORD — FNC’s latest Residential Price Index (RPI) indicates that U.S. residential property values continued to show signs of persistent weakening, ending in February with a seventh consecutive month-to-month decline. Despite sharply rising activities in existing home sales and new housing starts from a year ago, prices on non-distressed home sales (excluding foreclosure auction sales, [...] [...]
by Associated Press Published: April 25,2012
Tags: casinos, Commercial Real Estate, Conventions, entertainment, gambling, gaming, hospitality, hotels, lodging, meetings, municipal government, restaurants, site approval
D’IBERVILLE — The D’Iberville Planning Commission has approved the site plan and variances for a $370 million resort proposed by Land Holdings. The Sun Herald reports the city council will vote on the project at its May 1 meeting. About 50 people who live around the casino site east of Interstate 110 turned out to [...] [...]
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