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Tag Archives: real estate

COMMERCIAL FINANCE 701 — Enhancing a title policy with endorsements

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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

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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

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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

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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

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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

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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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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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