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Posts Tagged ‘Commercial Real Estate’

City targets more blighted buildings for demolition

BILOXI — Blighted buildings are coming down in Biloxi. The Sun Herald reports the city council approved inspections yesterday of six more blighted buildings, including the White House Hotel. Jerry Creel, community development director, says his department wants the owners of the White House to remove the steel beams on the west side of the hotel or [...] [...]

Casino developers to send lease agreement with city to commission

NATCHEZ — Roth Hill casino developers have been asked to send a copy of their finalized lease with the city of Natchez to the gaming commission because the recently proposed lease amendment ties the lease to the funding of the casino. The Mississippi Gaming Commission deputy director Eddie Williams tells The Natchez Democrat Natchez Gaming Enterprises, [...] [...]

Storm heavily damages historic structure; future uncertain

CORINTH — Part of a historic Corinth building that preservationists have been working to save was badly damaged by a storm. Much of the old Corinth Machinery building collapsed early Saturday after a storm moved through Corinth. New fencing was put up to keep people from getting too close to a building. Co-owner Terry Albright said it [...] [...]

Long-abandoned hospital could get new life

LUMBERTON — Assuming the legal language can be satisfactorily completed in time, the initial cleaning of the former Lumberton hospital could begin this spring. That would be the first step in determining whether the long-shuttered building could be renovated and turned into a personal care facility for the elderly that would be leased from the city. “That’s [...] [...]

Metrocenter awaits new vision

by Ted Carter Published: January 8,2012

Tags: 34-year-old mall, Commercial Real Estate, Metrocenter, U.S. Highway 80

On one hand, Nina Holbrook sees the departure of Sears as “one of the biggest hits Metrocenter has ever had.” But then she switches her perspective from U.S. Highway 80 corridor advocate to commercial real estate professional. With that comes the idea that big things could be in store for the 34-year-old mall. “It’s a great [...] [...]

Developer, city still negotiating over TIF financing

MADISON — GBT Realty Corporation of Brentwood, Tenn., was scheduled to present the final plans and variance requests at the Jan. 9 meeting of the city of Madison’s Planning and Zoning Commission for the proposed Madison Promenade, but has deferred its request over TIF financing issues. The roughly 26-acre first phase is located in the northeast [...] [...]

Parkway continues ’shift’ with sale of 15 buildings

by Associated Press Published: January 6,2012

Tags: Commercial Real Estate, mergers and acquisitions, office space, property, real estate, sale

JACKSON — Parkway Properties Inc. is selling 15 buildings for $147.5 million to Hertz Investment Group. The sale of structures in Jackson, Memphis, Tenn., and Richmond, Va., is part of a shift out of what Parkway now describes as “non-core” markets. Parkway said yesterday it would sell four buildings and a parking garage in Jackson, four [...] [...]

One Jackson gains Haddox Reid CPA firm

One Jackson Place has made a positive start for the new year with the CPA firm of Haddox Reid Burkes and Calhoun moving over from Regions Plaza to occupy the fifth floor space vacated by the U.S. Attorney’s Office. In moving across Lamar Street, Haddox Reid Burkes and Calhoun vacated the building that had been its [...] [...]

County to raze dozens of abandoned structures

by MBJ Staff Published: December 21,2011

Tags: abandoned, Commercial Real Estate, county government, demolition, grant, property, real estate

COAHOMA COUNTY — With grant support from the Walton Family Foundation, the Delta Bridge Project (DBP) in Coahoma County will fund the demolition of abandoned homes and buildings. Clean-up is expected to begin in the spring of 2012. Working with local leaders, the staff of Southern Bancorp Capital Partners (SBCP) has identified 40 dilapidated structures in [...] [...]

Grant awarded to renovate downtown property

MERIDIAN — With several historic county buildings downtown, Lauderdale County is likely to have its hands full when the time comes for renovations. Thanks to a grant from the Mississippi Department of Archives and History, a new study will show the county what it’s in for. The $108,000 grant will go toward a $135,000 study of five [...] [...]

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