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Tag Archives: real estate

Central Mississippi a seller’s market for houses

By JACK WEATHERLY Central Mississippi continues to be a seller’s market for homes, with the median sales price rising 6.5 percent in July compared with a year earlier. The midpoint price of a house sold in that period rose to $189,000 from $177,500, according to the Central Mississippi Multiple Listing System. Also, days on the market were down 23.8 percent ...

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Trust says historic restorations bringing sustained economic dividends

By TED CARTER Three years ago, a John C. Stennis Institute of Government study concluded historic preservation in Mississippi does more than save old buildings. Saving the state’s past, the Mississippi State University-based institute said, carries the time-honored American virtue of making money. Specifically, each dollar of tax credits the state issues puts $2.45 into the pockets of workers and ...

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Payne happy to be serving his hometown

By CALLIE DANIELS BRYANT Tommy Payne Residing in Jackson is a third-generation Realtor, Tommy Payne, who is the broker associate and the promising successor to the 58-year old Payne Realty, which serves the Madison, Hinds, and Rankin counties. “I ‘grew up’ in the business you could say,” Payne said. “Having the chance to work with my dad and to be ...

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Margaritaville Resort amusement park ‘will reshape the traditional landscape of Biloxi’

By BECKY GILLETTE What could be more fun than hanging out at Jimmy Buffett’s Margaritaville Resort and Hotel in Biloxi? It might be enjoying the beachside amusement park that is currently planned next to the Margaritaville located on Point Cadet. Milton Segarra, CEO, Visit Mississippi Gulf Coast, said by definition amusement parks are exciting. That is even more true when ...

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Apartments to be built on Colonial Highlands project

By JACK WEATHERLY The silence has ended and dirt will be broken next year on the first part of the Colonial Highlands traditional neighborhood project in northeast Jackson. Dave Ellis, vice president for development with Birmingham-based Arlington Properties said Tuesday that the company will build 220 apartments on the 152-acre former Colonial Country Club. Arlington Properties built and manages the ...

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County Line at Ridgewood to get two restaurants

By JACK WEATHERLY The northwest corner of County Line Road at Ridgewood Road will soon awaken after years of dormancy. The busy intersection has had no reason to stop for a bite at the Ridgeland quadrant of the crossroads. One Ridgeland restaurant location has been vacant for two decades and another next to it that has been empty for several ...

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$345m Mississippi flood control project holds public hearing

More than 20 environmental groups have expressed opposition to an estimated $345 million Mississippi flood control project. News outlets report the Rankin-Hinds Pearl River Flood and Drainage Control District held a public hearing Tuesday in Jackson over the One Lake Project. It’s an attempt to prevent a flood like one that devastated the Jackson area in 1979. Critics argue damming ...

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Man pleads guilty to rigging bids at foreclosure auctions

Prosecutors say a businessman accused of conspiring to rig bids at public foreclosure auctions in Mississippi has become the sixth real estate investor to plead guilty in the investigation. The Sun Herald cites a U.S. Department of Justice statement as saying that Ivan Spinner pleaded guilty Monday in U.S. District Court to one charge of price fixing. Prosecutors say that from April ...

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