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Tag Archives: Commercial Real Estate

Supervisors to hear city's complaint over tax assessments

BILOXI — The Harrison County Board of Supervisors will hold a hearing next week on Biloxi’s complaints about tax assessments in the city. Officials say the city has lost millions since Hurricane Katrina because the Harrison County tax assessor has assessed some properties at $0 and other properties below where they should be. The Casino Magic hotel tower that was ...

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Six months after EF4 tornado, work continues on recovery

HATTIESBURG — Saturday marked six months since an EF4 tornado tore through the Hattiesburg area, and volunteers from around the country still are pitching in to help repair and rebuild homes. Restore, Rebuild, Recover South Mississippi, also known as R3SM, is a long-term recovery agency created by the United Way of Southeast Mississippi after Hurricane Katrina. The agency has teamed ...

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City offers $210K for old Crosby Hospital property

PICAYUNE — The city of Picayune will offer up to $210,000 for the old Crosby Memorial Hospital property. The city council voted 4-2 this week to make the offer to the property owner, Southern Regional Corporation. The five-acre has been listed for sale since December 2012 and company is asking $237,000 for the property. The Picayune Item reports that Paul ...

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Caesar's drops lease; cleanup begins at former Casino Magic site

BILOXI — Caesars Entertainment has dropped its lease on the Casino Magic property in East Biloxi and crews are cleaning out the tower. The Sun Herald reports city officials say they are frustrated that nothing is being done to demolish the abandoned casino project next door. Jerry Creel, Biloxi’s community development director, told the city council yesterday that a local ...

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JRA rejects request to release development deal with Tampa developer

Tampa’s Robinson Callen Development may soon have company in a quest to build a convention center hotel in Jackson. While Robinson Callen has a head start with its unsolicited $60 million proposal having received an official blessing from the Jackson Redevelopment Authority’s Board of Commissioners on June 25, Austin, Texas, hotel developer Journeyman Austin wants to submit a proposal as ...

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Businessman buys historic home, plans mixed-use development

HATTIESBURG — A Hattiesburg businessman is planning to renovate a building that was constructed in 1898 and says it will add three apartments and retail space to downtown. The Hattiesburg American says the building on Front Street is owned by local businessman Charles Price. Price said the entire building encompasses 3,600 square feet. The first floor will contain retail space, ...

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Parkway move second blow to downtown Jackson this year

Parkway Properties will close its Jackson office by the end of this year. Parkway notified the office’s approximately 40 employees last week, a company spokesperson said. The real estate investment trust has its Mississippi offices in downtown Jackson’s One Jackson Place. It sold most of its Mississippi portfolio within the past couple years. The only property it still owns in ...

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Delta city using tax increment financing for improvements

GREENWOOD — The city of Greenwood has devised a plan to help private developers pay for street, lighting and other improvements to the public infrastructure — tax increment financing. The Greenwood Commonwealth reports the city council approved the plan last week. TIF is a public financing method that provides communities with a means to fund redevelopment and infrastructure improvements. A ...

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Developer submits plan for one-million-square-foot mall development

D’IBERVILLE — Plans for Gulf Coast Galleria — a million-square-foot mall with restaurants, shops and a hotel along Interstate 10 — have been submitted to the D’Iberville Planning Department. Developer Robert Mandal with Ramco Development tells The Sun Herald the mall will be more than 750,000 square feet, with the hotel and other buildings adding 250,000 square feet more of ...

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