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Tag Archives: real estate

Hearing about Chinese drywall damage scheduled for April 28

NEW ORLEANS — A lawyer says last week’s $3.2 million payment for Chinese drywall damage to seven houses is a good sign for thousands of others in at least six states. Plaintiffs’ attorney Russ Herman says it now seems a matter of proving damages for up to 4,000 other people who sued Taishan Gypsum Co. Ltd. A hearing is scheduled ...

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Options for exprison site in Leflore County studied

GREENWOOD — Leflore County officials are looking for possible uses for the shuttered former Delta Correctional Facility after a bill to authorize placing state inmates there died in the Legislature. House Bill 1044 died in the Senate after Corrections Committee Chairman Sampson Jackson, DPreston, declined to bring it up for a vote. The Greenwood Commonwealth reports the bill would have ...

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New Orleans developer buys landmark in home town, Meridian

MERIDIAN — A New Orleans developer has bought a downtown Meridian landmark — the old Hulett Furniture Co. building. Tim Hester says he was looking to invest in his home town, The Meridian Star reports. “I grew up in Meridian, played football at Meridian High, but as a developer I’ve worked in Tupelo for the past 25 years,” Hester said. ...

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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, ...

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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. ...

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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 ...

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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 ...

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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 ...

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