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Tag Archives: real estate

MDA denies developer more time, other considerations on Renaissance

By JACK WEATHERLY As reported earlier, the Mississippi Development Authority gave developer Andrew Mattiace four more years to build the $96.7 million expansion of the Renaissance at Colony Park in Ridgeland. But the developers subsequently asked for more time and other considerations. Refusal to grant the four-year extension would have posed a major obstacle to the expansion, which already had ...

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Hertz ready to step in with City Centre conversion to hotel

  By TED CARTER A continued absence of progress on a Jackson convention center hotel could create an opening for Hertz Investment Group to convert downtown’s City Centre, a two-tower office complex, into a convention hotel. The only snag is a pair of tenant leases that do not expire until 2017 and 2018, according to Jim Ingram, executive VP and ...

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Pearl won’t allow utilities hookups to vacant residential rental units

By TED CARTER The City of Pearl’s refusal to allow restoration of utilities services to apartment units after they are vacated has left landlords worried they soon won’t be able to pay their bills. An estimated 150 rental units throughout the city are vacant and landlords have no idea when they can begin filling them, said Steve Maulding, who along with ...

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Planners unanimously back rezoning for Colonial Highlands

By JACK WEATHERLY The Colonial Highlands traditional neighborhood took a major step toward becoming a reality Wednesday when the Jackson Planning Board voted 10-0 to recommend the rezoning of the former 152-acre Colonial Country Club. The matter will be taken up by the City Council, which could close a stormy chapter in the effort to build what has been called ...

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JRA selects EDT as top choice for convention hotel developer

By TED CARTER Washington, D.C.-based Engineering Design Technologies has been named the preferred developer for a downtown Jackson convention center hotel. The selection of EDT’s $75.5 million proposal came at Wednesday’s meeting of the Jackson Redevelopment Authority, capping a request for proposals process that began last spring. EDT and its local team, Mississippi Developers LLC, beat out Red Leaf Development of ...

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US home prices rise at a solid clip in December

WASHINGTON — U.S. home prices increased at a solid clip in December, helped by a healthy job market and low mortgage rates. The Standard & Poor’s/Case-Shiller 20-city home price index rose 5.7 percent from a year earlier, same as the annual increase in November. Prices rose 11.4 percent in Portland, Oregon; 10.3 percent in San Francisco and 10.2 percent in ...

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Central Mississippi real estate market feeling momentum

By LISA MONTI  Last year, the central Mississippi real estate market had some highs and lows, but Realtors in the 10-county area believe 2015’s momentum could translate to good things in 2016. One high point in December’s market report from the Central Mississippi Realtors members showed that new listings increased 12.5 percent to 433 from the previous December. “Usually December ...

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National Apartment Association rep sees image problem for Ridgeland

» Ole Miss professor doubts moves against apartments will be seen widely as negative By TED CARTER Ridgeland could be creating an image among commercial investors as a city that changes land-use rules as it goes along, the head lobbyist for the National Apartment Association says. The problem rests with the Ridgeland Board of Aldermen’s decision to apply new and ...

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COMMERCIAL REAL ESTATE — Mixed results ahead for office, industrial and hotel markets

By TED CARTER Certain segments of metro Jackson’s office, hotel and industrial warehouse markets are heading into a promising year, but other segments of the same sectors won’t shake the remnants of the Great Recession. That’s a key forecast included in Integra Realty Resources/Jackson’s tri-county market “Viewpoint” for 2016. Stabilized rent rates and fewer vacancies are ahead for metro Jackson’s suburban ...

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