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Tag Archives: Brian Estes

Landmark conversion to increase apartment total with 50 percent ownership sale

Ladmark

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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The ‘Dollar Guys’ accelerating as other retailers hit the brakes

Admit it, you’ve said it after seeing a “Grand Opening” sign draped over a store awning: “Another day, another dollar (store).” What may have escaped your notice is that some of the new deep discount stores are getting a bit larger and showing up in more affluent locales. They’ve moved well beyond the retailing of household supplies and closeout items. ...

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Dealing on a lease becomes the art of the tug-of-war

Tenants shuffling around in search of long-term, attractive lease deals Metro Jackson’s office tenants are tending to stay put but are seeing a lot of “value alternatives,” a term the leasing trade applies to affordable opportunities to upgrade to a better space or move to larger quarters. Those value alternatives have to come in mighty sweet to prompt a tenant ...

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Slight occupancy decline, submarkets on the rise

Combined average rate drop of 10 cents leaves Metro landlords hoping the bottom has been reached Downtown’s Central Business District and the Highland Colony submarkets kept metro Jackson from achieving positive net absorption of office space in the third quarter, though more than a quarter million square feet counted in the downtown survey is not being actively marketed. The quarterly survey ...

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Market has landlords coveting their neighbor’s retail tenant

Recession and over-supply of space intensifies competition for tenants. In the give-and-take of retail space leasing in metro Jackson, today’s tenant takes and the landlord gives. With too many buildings either entirely empty or half empty, landlords are making deals they hope they don’t live to regret. And they are happy to take from their neighbors, knowing their neighbors won’t hesitate ...

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