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Tag Archives: real estate

Saving Mississippi’s past can brighten its economic future, Stennis report says

Paramount Theater Clarksdale

By TED CARTER  Supporters of efforts to replenish Mississippi’s historic preservation tax credits will have real numbers on economic benefits to point to as they set about persuading legislators to allocate new tax credits in 2016. They will present an economic impact report prepared by Mississippi State University’s Stennis Institute of Government and Community Development that concludes Mississippi gets huge ...

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PHIL HARDWICK — The most important clause in a real estate contract

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The typical real estate contract has tens, sometimes dozens, of clauses. Each is important, but there is one clause that is generally considered the most important clause in a real estate contract, and in all contracts for that matter. If you had to guess, which of the following would you say is the most important clause in a real estate ...

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On-demand-retail adding new niche for EastGroup

EastGroup Properties’ Steele Creek Commerce Park building in Charlotte offers a combination of warehouse and office space and is visible from Interstate 485.

By TED CARTER A warehouse distribution model Jackson’s EastGroup Properties conceived nearly 20 years ago has found itself well situated to benefit from today’s “must-have-it-now” retail demand. “People want stuff and they want it quick,” said Leland Speed, the soon-to-retire founder and chairman of the real estate investment trust, or REIT. He opened the doors of the public held company in ...

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Proposal to form business district languishes while County Line reels

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By JACK WEATHERLY  The left-right combination of two major retailers leaving County Line Road has stunned the retail corridor, but has focused attention on how it’s doing in its fight to compete with newer challengers. Sam’s Club left Aug. 6 and Best Buy’s last day is Oct. 31. Meantime, a 75-page survey completed a year ago for the cities of ...

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COMMERCIAL FINANCE 701 — Enhancing a title policy with endorsements

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Although often overlooked, title policy endorsements are an integral part of a commercial real estate title insurance policy.  These optional add-ons greatly enhance the coverage and protection provided to an insured owner or lender. My law partners Molly Jeffcoat Moody and Ben Williams, the usual authors of this column, discussed in a prior column the differences in title certificates, title ...

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Is commercial real estate really back? A Q&A

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The National Association of Realtors  recently reported that sales of commercial properties rose 9 percent on a year-over-year basis, with the average estimated transaction hitting the $2 million mark, and residential sales in July 2015 remained at the highest pace since February 2007. Home sales have now increased year-over-year for 10 consecutive months and are 10.3 percent above a year ...

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Despite demands, Gulf Coast real estate on the upswing

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By LYNN LOFTON  As with most things on the Mississippi Gulf Coast, the real estate market has experienced the ‘new normal’ since Hurricane Katrina in 2005. Factors other than the storm — including the national recession — also affected coastal real estate but the market is improving, according to Coast realtors. Deborah McGhee, owner/broker of McGhee Realty in Saucier, is ...

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Getting even in the metro: Commercial real estate supply & demand reaching equilibrium

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By TED CARTER Metro Jackson’s commercial real estate market is headed toward a balance lost nearly a decade ago in the aftermath of Katrina and the Great Recession that followed a couple years later. The apparent return of market balance to the metro office, industrial, retail and lodging sectors is among the findings in the 2015 Midyear Viewpoint prepared by Integra ...

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Owner seeks $12.5 million for Pass Christian home

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PASS CHRISTIAN — The Pass Christian home of Charles and Nancy Ramsey is the most expensive MLS-listed house in Mississippi at $12.5 million. “There are a lot of fine qualities to the home,” realtor Liz Hanson told The Sun Herald (http://bit.ly/1WckjXZ ). “They have a sitting room with a fireplace and an Italian carved mantel that’s just beautiful. The library has ...

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