Home » Tag Archives: real estate (page 2)

Tag Archives: real estate

COMMERCIAL FINANCE 701: Title certificates, reports, commitments & policies: The difference may be your job!

EDITOR’S NOTE: Commercial Finance 701 is a continuing series on commercial loans written exclusively for the Mississippi Business Journal.  This series is geared to lenders, developers, investors and transactional attorneys. A distinguished Mississippi attorney once observed, “Words mean so much more when you know what they mean.”  In some cases, words just don’t mean what we think — like decimate, factoid, ...

Read More »

MAKING DREAMS COME TRUE — Mississippi bankers see increase in young homebuyers

By BECKY GILLETTE With rent going up in many areas, and employment rising as the economy improves, home buying is beginning to improve in some areas of the state. “Lower rates are improving housing affordability relative to rents, and many of the recent applicants think this is a good time to buy,” said Scott Dickey, mortgage division president, BancorpSouth, Tupelo. ...

Read More »

AWAITING ITS FATE: Gables complex may have to shrink to meet law

Having lost in a bid for a reprieve from Ridgeland city officials, The Gables apartment complex has started the new year with the prospect of having to demolish a number of units in order to meet new building density limits. A zoning law adopted last February designates apartment complexes with over 10 units an acre as nonconforming uses that must ...

Read More »

Ridgeland property rights tussle is expected to have wide impact

Four lawsuits challenging Ridgeland’s new multi-family zoning law are expected to have far-reaching implications for property rights and growth management in Mississippi. All of the suits – three federal and one state — allege unconstitutional infringements on property rights. Violations of the federal Fair Housing Act are alleged in one of the complaints while others allege Ridgeland seeks to reduce ...

Read More »

Group pushes for bill to disclose insurance costs by area

JACKSON — A group of lawmakers and residents from the Mississippi Gulf Coast are again pushing a bill that would require insurance companies to disclose, by geographic area, how much they are charging to insure property. The idea, which originated in Alabama, is meant to provide evidence to people who are fighting for lower insurance rates. The theory is that ...

Read More »

Challenging times ahead for Pearl’s manufactured home residents, apartment complex owners

A proclamation from Gov. Phil Bryant declaring October “Manufactured Home Month” noted the factory-built dwellings provide housing for 507,000 Mississippians. But there could soon be manufactured housing for far fewer people in Pearl, a Rankin County city of about 25,000 residents. Public safety and a desire to keep non-conforming land uses from “going on forever” are behind expansive zoning changes ...

Read More »

Madison rental ordinance dispute before Miss. Supreme Court

JACKSON — The Mississippi Supreme Court has agreed to review property owner Mike Crook’s challenge to a city of Madison ordinance he argues was designed to keep renters out of the Jackson suburb. Crook was convicted in 2011 of violating the ordinance and fined $600. The state Court of Appeals denied Crook’s appeal in 2014. City officials say Crook, a ...

Read More »

Westin developers aim high on room rates

Downtown Jackson’s hotel market has been on a rollercoaster of sorts over the past six years as occupancies fell to less than 40 percent some months and climbed into the high 60 percent range other months. Revenue per room — calculated by multiplying a hotel’s average daily room rate by its occupancy rate — has fluctuated significantly as well, dropping ...

Read More »

Judge dismisses challenge to Jackson’s $9M hotel loan

Any questions about the legality of the City of Jackson about $9 million to a developer of a downtown Westin Hotel won’t be answered anytime soon, if ever. Hinds Senior Circuit Judge Tomie Green late Tuesday dismissed Jackson lawyer Herb Irvin’s request for a declaratory judgment on whether Jackson would violate the Mississippi Constitution by putting up general fund money ...

Read More »