by Associated Press Published: May 14,2012
Tags: Commercial Real Estate, construction, development, homes, houses, land, municipal government, property, proposals, real estate, residences, residential real estate, residents, riverfront, rtetail
PASCAGOULA — The Pascagoula Redevelopment Authority is soliciting proposals from developers for the city’s riverfront site, an office, retail and residential development. Jim Estabrook, chairman of the authority, tells The Mississippi Press the request for proposals is a significant move toward a goal of having construction start in five months. The authority is seeking proposals [...] [...]
by MBJ Staff Published: April 30,2012
Tags: economy, home prices, homeowners, homes, houses, real estate, recession, residences, residential real estate, residents
OXFORD — FNC’s latest Residential Price Index (RPI) indicates that U.S. residential property values continued to show signs of persistent weakening, ending in February with a seventh consecutive month-to-month decline. Despite sharply rising activities in existing home sales and new housing starts from a year ago, prices on non-distressed home sales (excluding foreclosure auction sales, [...] [...]
JACKSON — The Molpus Woodlands Group (Molpus) was selected as Real Asset Manager of the Year at the Money Management Intelligence magazine’s 11th Annual Public Pension Fund Awards held in San Diego, Calif. The award recognizes Molpus’ outstanding achievements during the year, including increasing its managed assets, including raised capital, to approximately $1.76 billion. One [...] [...]
TUPELO — Churchill Mortgage of Brentwood, Tenn., is opening its first physical branch in Mississippi, located on East Main Street in Tupelo. The new Mississippi team brings 30 years of mortgage and banking experience to Churchill Mortgage. Brandy Schulz will serve as branch manager, bringing more than 12 years of industry expertise. Prior to joining [...] [...]
by Associated Press Published: April 5,2012
Tags: bills, lawmakers, laws, leases, legislation, legislative, legislators, Legislature, outdoors, piers, real estate, state government, tidelands
MISSISSIPPI GULF COAST — The Mississippi House has given final passage to a bill that would block Secretary of State Delbert Hosemann from charging for leases for residential piers bordering state waters. Gulf Coast residents and their legislators have been tangling with Hosemann over his claim that landowners bordering state waters must pay yearly lease [...] [...]
OXFORD — The latest FNC Residential Price Index (RPI) indicates that U.S. home prices declined steadily in the last half of 2011. Since July 2011, prices on non-distressed properties (excluding foreclosure sales, REO sales, and short sales) have fallen 4.5 percent — averaging nearly 1.0 percent per month. The persistent downtrends in home prices are [...] [...]
JACKSON — The Overby Company has been selected by the City of Jackson to assist with the comprehensive marketing and development of the former Dillard’s Building.The Overby Company will list the price of the site based on its marketability, similar sales in the area and statutory requirements, recommend a projected timeline for the sale and [...] [...]
by Associated Press Published: April 4,2012
Tags: casinos, Conventions, entertainment, gambling, gaming, hospitality, hotels, lease, lodging, meetings, municipal government, real estate, restaurants, tourism, tourists, visitors
D’IBERVILLE — The city of D’Iberville will share in the profits of Oyster Bay Casino if the resort is built. The city council yesterday agreed to lease the waterfront land on the Back Bay near the Jackson County line. City Manager Michael Janus told The Sun Herald the city’s parcel is needed to make the [...] [...]
by Associated Press Published: April 2,2012
Tags: bankrupt, bankruptcy, casinos, Commercial Real Estate, gambling, gaming, hospitality, hotel, lodging, real estate, tourism, tourists, visitors
NATCHEZ — Bankruptcy court filings show that a creditor is buying the Grand Soleil Hotel and proposed casino property for about $5.6 million. The Natchez Democrat reports RJB Financing, LLC will pay with about $4.1 million cash and a $1.5 million letter of credit. In May 2011, businesses reportedly owed a total of $1.6 million [...] [...]
by Associated Press Published: April 2,2012
Tags: acquisition, bankrupt, bankruptcy, bed and breakfast, cultural tourism, historic, hospitality, lodging, plantation, purchase, real estate, tourism, tourists, visitors
NATCHEZ — A New Orleans hotel management company is purchasing Monmouth, a historic plantation property. The Natchez Democrat reports New Orleans Hotel Consultants, a hotel management company, is taking over operations at Monmouth after United Mississippi Bank initiated foreclosure proceedings on the property Feb. 29. Warren Reuther, president of New Orleans Hotel Consultants, declined to [...] [...]
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