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Tag Archives: real estate

On-demand-retail adding new niche for EastGroup

EastGroup Properties’ Steele Creek Commerce Park building in Charlotte offers a combination of warehouse and office space and is visible from Interstate 485.

By TED CARTER A warehouse distribution model Jackson’s EastGroup Properties conceived nearly 20 years ago has found itself well situated to benefit from today’s “must-have-it-now” retail demand. “People want stuff and they want it quick,” said Leland Speed, the soon-to-retire founder and chairman of the real estate investment trust, or REIT. He opened the doors of the public held company in ...

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Proposal to form business district languishes while County Line reels

county line map

By JACK WEATHERLY  The left-right combination of two major retailers leaving County Line Road has stunned the retail corridor, but has focused attention on how it’s doing in its fight to compete with newer challengers. Sam’s Club left Aug. 6 and Best Buy’s last day is Oct. 31. Meantime, a 75-page survey completed a year ago for the cities of ...

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COMMERCIAL FINANCE 701 — Enhancing a title policy with endorsements


Although often overlooked, title policy endorsements are an integral part of a commercial real estate title insurance policy.  These optional add-ons greatly enhance the coverage and protection provided to an insured owner or lender. My law partners Molly Jeffcoat Moody and Ben Williams, the usual authors of this column, discussed in a prior column the differences in title certificates, title ...

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Is commercial real estate really back? A Q&A

business processes

The National Association of Realtors  recently reported that sales of commercial properties rose 9 percent on a year-over-year basis, with the average estimated transaction hitting the $2 million mark, and residential sales in July 2015 remained at the highest pace since February 2007. Home sales have now increased year-over-year for 10 consecutive months and are 10.3 percent above a year ...

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Despite demands, Gulf Coast real estate on the upswing


By LYNN LOFTON  As with most things on the Mississippi Gulf Coast, the real estate market has experienced the ‘new normal’ since Hurricane Katrina in 2005. Factors other than the storm — including the national recession — also affected coastal real estate but the market is improving, according to Coast realtors. Deborah McGhee, owner/broker of McGhee Realty in Saucier, is ...

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Getting even in the metro: Commercial real estate supply & demand reaching equilibrium


By TED CARTER Metro Jackson’s commercial real estate market is headed toward a balance lost nearly a decade ago in the aftermath of Katrina and the Great Recession that followed a couple years later. The apparent return of market balance to the metro office, industrial, retail and lodging sectors is among the findings in the 2015 Midyear Viewpoint prepared by Integra ...

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Owner seeks $12.5 million for Pass Christian home


PASS CHRISTIAN — The Pass Christian home of Charles and Nancy Ramsey is the most expensive MLS-listed house in Mississippi at $12.5 million. “There are a lot of fine qualities to the home,” realtor Liz Hanson told The Sun Herald (http://bit.ly/1WckjXZ ). “They have a sitting room with a fireplace and an Italian carved mantel that’s just beautiful. The library has ...

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Landmark conversion to increase apartment total with 50 percent ownership sale


By TED CARTER  The sale of a half ownership in downtown Jackson’s Landmark Center is part of a plan to significantly increase the residential component of a conversion to mixed use for the glass-enclosed office building at Capital and Lamar streets. Jackson commercial real estate broker Brian Estes said selling Weinstein Nelson Developers LLC of Baton Rouge a stake in ...

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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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