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Tag Archives: Commercial Real Estate

BRIAN ESTES — Preferred investment property types of high net-worth investors

In my last article, published in January, I addressed why high net-worth investors (HNWIs) should allocate to commercial real estate (CRE) as opposed to other alternative asset classes.  Those reasons included were: preservation of wealth; cash flow; appreciation; tax purposes and estate planning.  Although I went into detail in each of these reasons I didn’t touch on the types of ...

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BRIAN ESTES — Why high net-worth individuals should allocate to commercial real estate

High net-worth individual investors are currently faced with a dilemma on allocating their portfolio between stocks, bonds and alternative investments, including commercial real estate. The stock market has roared back over the past several years with double-digit returns for most investments based on several economic factors, including confidence that President Trump’s tax policies will be advantageous to investors. However, there ...

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Commercial real estate market signs optimistic

By NASH NUNNERY Improved job growth and a strong demand for multifamily housing in recent years has resuscitated the commercial real estate market, according to experts. And now with Donald Trump sworn in as America’s 45th president in 2017, what does this mean for commercial real estate in Mississippi? As with all new presidents, uncertainty abounds about a new political ...

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Mississippi firm buys AmeriPlex office/warehouse complex in Nashville

StateStreet Group of Jackson, a real estate investment and management firm, has purchased from developer Holladay Properties the 293,050-square-foot, four-building AmeriPlex office/warehouse complex for $26.3 million, the new owner announced today. Holladay and StateStreet Group represented themselves in the transaction. “AmeriPlex is a very desirable in-fill office/warehouse property in one of the best real estate markets in the country. It’s ...

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Stewart Speed taking his ‘Meridian’ rental concept to Mobile

By TED CARTER Jackson real estate developer Stewart Speed is exporting his “Meridian” rental apartment complex concept to Mobile after having nearly completed The Meridian at Fondren, a $33 million project on Lakeland Drive across from University of Mississippi Medical Center. Speed’s Jackson-based Leaf River Group will begin construction on the high-end Meridian at The Port apartment development this summer. The ...

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Developer bets on state historic tax credit fund renewal

By JACK WEATHERLY  HRI Properties LLC of New Orleans says it will not use any of $50 million from a venture capital fund to cap off its financing of its $10.4 million Capitol Art Lofts project in downtown Jackson. Instead, according to Tom Leonhard, HRI president and chief executive, it expects to get a $2 million state historic tax credit ...

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Baker Donelson set to open for business at One Eastover Center

By TED CARTER Baker Donelson is moving into the 126,000- square-foot One Eastover Center, a Class A building whose opening marks completion of the initial phase of the District at Eastover mixed-use development. More than 150 employees including nearly 80 attorneys will begin work March 28 in the firm’s new 70,000-square-foot office, which occupies three floors in the building at Interstate ...

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Metro Jackson office market closes year with more move-ins than departures

By TED CARTER Metro Jackson office tenants filled 50,824 more square feet than they vacated last year, a CBRE-Jackson survey of the second half of 2015 shows. The positive net absorption trend included downtown Jackson, where tenants leased 24,768 more square feet than they gave up, CBRE’s Jackson office reported. By contrast, the I-55/County Line Road submarket, which includes office buildings ...

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Planners unanimously back rezoning for Colonial Highlands

By JACK WEATHERLY The Colonial Highlands traditional neighborhood took a major step toward becoming a reality Wednesday when the Jackson Planning Board voted 10-0 to recommend the rezoning of the former 152-acre Colonial Country Club. The matter will be taken up by the City Council, which could close a stormy chapter in the effort to build what has been called ...

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Couple taking risk in creating cooperative workspace in historic downtown Jackson

By LISA MONTI  Attorney Matthew McLaughlin admits rehabilitating a historic building in downtown Jackson is a “pretty big leap of faith” for him and his wife, Shannon, to tackle. Shannon McLaughlin, an event planner who also does marketing and public relations, was looking for office space when the couple found two old buildings on North State Street. They needed major ...

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