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Tag Archives: real estate

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 ...

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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 ...

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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 ...

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Deerfield Golf Club owners say club on par

By JACK WEATHERLY Mark Twain is credited with saying that “golf is a good walk spoiled.” If he were to stroll across the 150 acres that had been Jackson’s Colonial Country Club till it closed last year, the famed author’s musing might not be disrupted, save for navigating the tall weeds that have overtaken the property. The new owners have ...

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Clinton office complex sold for $20.5 million

CLINTON — The Hertz Investment Group is adding to its dominant position in the metro Jackson office market. Hertz, based in Santa Monica, California, announced Friday that it has purchased the South Pointe Business Park in Clinton for $20.5 million. The 400,000 square-foot complex just south of Interstate 20 was built in 1996 as the headquarters for WorldCom. The Mississippi ...

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Tanger Outlets involved in Southaven project

SOUTHAVEN — Outlet mall operator Tanger is expected to announce soon its involvement in a project in Mississippi. Southaven Mayor Darren Musselwhite says the public part of the project has been addressed. Southaven and DeSoto County officials several years ago approved a $15 million tax increment financing plan in which bonds will be issued to pay for the infrastructure for ...

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Court hits David Watkins with $600,000 order over Retro Metro issues

  Jackson developer David Watkins must pay more than $600,000 in restitution and penalties for diverting money from a bond issue for converting the Metrocenter Mall’s former Belk’s store into City of Jackson office space. Chancery Judge Hollis McGehee ruled Thursday that Watkins had no authority to divert any of the $2.5 million in bond money intended for the Belk’s ...

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Foreclosures down, sales prices going up

There’s good news for various residential real estate markets around the state, presidents of three regional professional organizations report. Home foreclosures are down and the number of sales and average sales prices of homes have increased throughout Mississippi. “Our market is holding steady with a slight increase,” said Sandy Richardson, president of the Northwest Mississippi Association of Realtors. “We were ...

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Real Estate agents face changing policies as they learn how to protect themselves as they show houses

The murder in October of Arkansas real estate agent Beverly Carter brought attention once again to the need for real estate professionals to learn how to protect themselves. The National Association of Realtors, which designates September as Realtor Safety Month, has devoted a special section of its website to safety with videos, webinars and other resources for its members. Kathy ...

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