Home » Tag Archives: real estate

Tag Archives: real estate

National Apartment Association rep sees image problem for Ridgeland

The Van Mark Apartments in Ridgeland.

» Ole Miss professor doubts moves against apartments will be seen widely as negative By TED CARTER Ridgeland could be creating an image among commercial investors as a city that changes land-use rules as it goes along, the head lobbyist for the National Apartment Association says. The problem rests with the Ridgeland Board of Aldermen’s decision to apply new and ...

Read More »

COMMERCIAL REAL ESTATE — Mixed results ahead for office, industrial and hotel markets

Commercial RE graphic_feature_rgb

By TED CARTER Certain segments of metro Jackson’s office, hotel and industrial warehouse markets are heading into a promising year, but other segments of the same sectors won’t shake the remnants of the Great Recession. That’s a key forecast included in Integra Realty Resources/Jackson’s tri-county market “Viewpoint” for 2016. Stabilized rent rates and fewer vacancies are ahead for metro Jackson’s suburban ...

Read More »

COMMERCIAL FINANCE 701 — CRE loans, credit underwriting & the Feds in 2016

Risk-Graphic_feature_rgb

US banks didn’t have to wait long to learn the Feds’ thoughts on commercial real estate (CRE) loans in 2016.  On December 18, 2015, the trio of federal bank regulators – the Federal Reserve Board, FDIC, and the Comptroller of the Currency – issued a dismal harbinger entitled “Statement on Prudent Risk Management for Commercial Real Estate Lending.” The four-page ...

Read More »

CoreLogic buys Oxford appraisal software maker FNC for $475M

CoreLogic_Logo_13

OXFORD — Real estate information provider CoreLogic is buying Oxford-based FNC Inc. for $475 million. CoreLogic, based in Irvine, California, announced the purchase Thursday, saying it wants to integrate FNC’s real estate appraisal software into its products. “We expect property valuation to be an area of significant future domestic and international growth,” CoreLogic CEO Anand Nallathambi said in a statement. ...

Read More »

COMMERCIAL FINANCE 701 — Real property taxes – ad valorem and more

AdValorem-feature_rgb

An observant, pragmatic and penny-pinching Benjamin Franklin once mused, “In this world nothing can be said to be certain, except death and taxes.” The quip distills the issue to its core, but taxes in today’s world are much more complex than Franklin’s succinct quote would suggest. This article is about ad valorem taxes on real property in Mississippi. Ad Valorem ...

Read More »

PHIL HARDWICK — The last resort for homes that won’t sell

house for sale_feature_rgb

The Smiths home had been on the market a long time. It was a beautiful property priced right, but it just seemed that it would not sell. The Smiths were desperate. Finally, they dug a hole in the front yard, planted an item and said a prayer. Their property sold the next week. The dream of just about every seller ...

Read More »

FOCUS ON REAL ESTATE — Bouncing back: More sales, falling inventory create seller’s market in Jackson area

house for sale_feature_rgb

By LISA MONTI  Carol Stewart, president of the Central Mississippi Realtors’ group, sounded optimistic at the first of the year when the group released its market predictions for 2015. “After seeing so much improvement in 2014, the housing market seems poised for a real comeback in 2015,” Stewart said at the time. “Prospects are looking bright for homeowners and prospective ...

Read More »

FOCUS ON REAL ESTATE — Would you buy a home sight unseen? It’s becoming more popular in Mississippi

house for sale_feature_rgb

By LYNN LOFTON  There are all sorts of technology that make it easier to buy homes these days. In some cases homebuyers use technology to buy homes sight unseen. According to Business Wire, one in five buyers has made an offer on a home without having visited it in person. How prevalent is that practice in Mississippi? It hasn’t happened ...

Read More »

Consensus-building fares well for Colonial redevelopment

Rendering-img012_feature_rgb

By JACK WEATHERLY  Every misstep made by developers early this year appears to have become a stepping-stone toward winning the support of northeast Jackson residents for a proposal to turn the old Colonial Country Club into an upscale village. The area was in an “non-armed revolt” early in the year toward Colonial Jackson LLC’s effort to redevelop the 150-acre site ...

Read More »

State’s historic preservation office to ask for $60 million in new tax credits

Senatobia’s deteriorating French Hotel, built in 1858, is among the Mississippi Heritage Trust’s 2015 selections for the state’s 10 most endangered historic places.

By TED CARTER News that Mississippi had used up its $60 million in historic tax credits stunned Virginia Pace, a member of a development team seeking to convert downtown Jackson’s circa 1928 Edison-Walthall Hotel to a mix of apartments and retail. In a phone interview last spring, Pace sounded bewildered, not to mention disappointed, that she and her partners must wait ...

Read More »