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Tag Archives: real estate

Bill Hankins named a 2014 CoStar Power Broker

William F. “Bill” Hankins has been named a 2014 CoStar Power Broker by CoStar Group, Inc., a leading provider of commercial real estate information, analytics and online marketplaces. The annual industry award recognizes distinguished professionals in commercial real estate brokerage by highlighting the achievements of the firms and individual brokers who closed the highest transaction volumes in commercial property sales ...

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County Line Road, Northpark Mall fighting to hold their own

Northpark Mall, built in 1985, has lost some prestige tenants in recent years, but its owner, Simon Property Group, says it is "laser focused" on improving the portfolio of tenants.

By JACK WEATHERLY  County Line Road is in a holding pattern in more than one way these days. Known for its infamous traffic, the mile-and-a-half, four-lane street that connects Interstate 55 and Old Canton Road, has lost several major stores in the past few years, and is about to lose more. Meantime, the “anchor” of the retail corridor, the 950,000-square-foot ...

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Fastest rising rents in US? Jackson, Mississippi

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WASHINGTON — Home rental prices are climbing across much of the United States — with the biggest gains coming from not from New York or San Francisco but Jackson, Mississippi, and Portland, Maine. Real estate data firm Zillow said Tuesday that prices nationally climbed a seasonally adjusted 4.3 percent in May from a year ago. Rents still are rising at ...

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Pearl hopes to distinguish its ban on filling mobile home lots from Richland’s

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By TED CARTER A Mississippi Supreme Court ruling that struck down a similar land-use policy in Richland has not dissuaded Pearl from heading to court to stop Grove Acres Mobile Home Community from refilling vacant lots. The city’s elected leaders have authorized City Attorney James Bobo to continue to defend the mobile home ban in Madison-Rankin Circuit Court and to appeal ...

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COMMERCIAL FINANCE 701 — Loan guaranties: Skin in the game

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M any a furl-browed borrower has questioned a bank’s need for guaranties.  The borrower – excited about his can’t-miss venture – may be slightly offended that the bank even thinks a guaranty is necessary and, contradictorily, hesitant to put his net worth on the line.  Today’s bank – making loans at historically low rates but all too cognizant of several ...

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READY TO ROLL — House building on verge of breakout in Mississippi

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By JACK WEATHERLY  The housing market in the Jackson area and across the state is in the first phase of a rise in construction. Residential permits in Mississippi for one- and two-unit dwellings rose 15.7 percent for the first four months of 2015 compared with the corresponding period last year, according to the U.S. Census Bureau on Wednesday. Several factors ...

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A caution light for Pearl, Ridgeland on land-use?

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Supreme Court decision could be obstacle to cities’ efforts to redo rental property law By TED CARTER The May 14 Mississippi Supreme Court ruling in a Richland mobile home park case reinforces the belief that state and constitutional law protects non-conforming land uses, says the lawyer who won the case and others who watched it closely. The lawyers were not alone ...

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COMMERCIAL FINANCE 701 — Tax credits: key programs and select acronyms

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T ax credit programs cannot be credited with the conception of the term “acronymophobia” – an irrational fear of acronyms – but the phobic population grows with each new program.  Three popular tax credit acronyms for developers are LIHTC, NMTC and HTC. These letters represent incentive programs, which account for about $8.5 billion of annual U.S. credited federal taxes. All ...

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COMMERCIAL FINANCE 701: Basel III, HVCRE & real estate loans

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  Sitting atop the Alps, Switzerland managed to eschew both World Wars, flout the fluctuating Euro, and fleece wide-eyed tourists with opened arms.  Of late, however, the multilingual country has exported more than chocolate: from Lausanne, the controversial Iranian nuclear treaty negotiations, and, more on point for us, from Basel, Switzerland, a series of confounding financial regulations innocuously referred to ...

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Beth Hansen: A healthy real estate market means a healthy economy

    In a recent meeting with Beth Hansen, CEO of the Mississippi Association of Realtors, we discussed Mississippi’s real estate market and its recovery from the shock of the housing crisis. “A healthy real estate market generally means a healthy and growing economy,” she said.  “And while we still have significant challenges, we’re seeing a good recovery from the ...

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