by Associated Press Published: February 1,2012
Tags: blight, buildings, Commercial Real Estate, community development, demolition, flooding, floods, hurricanes, municipal government, properties, real estate, severe weather, storm surge, tropical weather, Weather, wind
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 [...] [...]
by Associated Press Published: February 1,2012
Tags: amendment, casinos, Commercial Real Estate, construction, Conventions, gamblers, gambling, gaming, hospitality, hotels, lease, lodging, meetings, municipal government, real estate, restaurants, state government, tourism, tourists, visitors
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, [...] [...]
by Associated Press Published: January 30,2012
Tags: Commercial Real Estate, culture, damage, disaster recovery, histoiric preservation, historic building, history, natural disaster, preservation, real estate, rehabilitation, renovation, severe weather, tornadooes, Weather, wind
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 [...] [...]
by Associated Press Published: January 30,2012
Tags: flood insurance, homeowners insurance, hurricanes, insurance, real estate, severe weather, state government, storm surge, tropical weather, Weather, wind, Wind Pool
MISSISSIPPI GULF COAST — Members of Mississippi’s wind pool board are in London this week to seek low reinsurance rates — a key factor in the cost of policyholders’ premiums.
The Mississippi Press reports that the board left Saturday and are expected to return Friday.
The Mississippi Windstorm Underwriting Association is the insurer of last resort for [...] [...]
GREENVILLE — A housing agency director has received a month’s delay before she stands trial for allegedly taking kickbacks from a contractor and retaliating against a witness.
Ann “A.J.” Jefferson’s trial was moved from today to Feb. 29, The Delta Democrat Times reported.
Defense attorneys asked for the delay because of unspecified conflicts of counsel. Prosecutors did [...] [...]
SOUTHAVEN — Southaven Mayor Greg Davis co-owns an oceanfront Florida condominium with a developer who’s received more than $3.4 million through real estate deals with the city since 2008.
The developer, Chuck Roberts, more popularly known as the public address announcer at the University of Memphis Tigers basketball games, bought the $500,000 luxury condo with Davis [...] [...]
MADISON — Fitch Ratings has placed the ratings of Old Republic International Corporation’s (ORI) and its insurance company subsidiaries, including Mississippi Valley Title Insurance Company, on “Rating Watch Negative.”
Fitch reports: “The Rating Watch reflects uncertainty as to ORI’s ability to continue to avoid a covenant breach under its debt obligations in light of ongoing challenges [...] [...]
OXFORD — FNC’s latest Residential Price Index (RPI) indicates that U.S. home prices continued to decline despite recent signs of job recovery and rising home sales and new residential construction.
The continued price retreat is no surprise as the housing market remains constrained by high volumes of delinquent mortgages and foreclosures. November marks the fourth consecutive [...] [...]
MISSISSIPPI GULF COAST — Mississippi Gulf Coast home sales finished 2011 on an upswing, with average sales prices up $8,000 in December and more homes sold than at the end of 2010.
The Mississippi Gulf Multiple Listing Service report showed the average sales price of a home in South Mississippi was $124,694 in December.
That was $2,000 [...] [...]
FULTON — Fulton officials are moving forward with plans to clean up or demolish unkempt and abandoned houses throughout the city.
The Northeast Mississippi Daily Journal says 10 properties thought to be abandoned are being considered for demolition by the Fulton Board of Aldermen. They say the houses are dilapidated and pose health and safety concerns.
Regulations [...] [...]
Loading ...