Posts Tagged ‘real estate’

Real Estate Forum panelists: Lenders, investors hungry for deals on residential rentals in Miss., elsewhere

By TED CARTER Such Mississippi cities as Ridgeland and Pearl are fed up with multi-family residential complexes to the point they want to retroactively zone them out of existence. But the market for such developments across Mississippi and the rest of the South is white hot and likely to grow even hotter, said commercial real estate […] [...]

(WITH VIDEO) Funding secured for Capitol Art Lofts in downtown Jackson

By JACK WEATHERLY Two years after HRI Properties announced that it would convert historical, vacant buildings into 31 loft apartments in the 200 block of West Capitol Street in Jackson, it said on Tuesday it will move forward with the project now that it has the funding. The delay was caused by the unavailability of […] [...]

Jackson issues RFP in 3rd try for convention center hotel developer

The Jackson Redevelopment Authority is taking a third swing at getting a convention center hotel built. With the backing of Jackson Mayor Tony Yarber, the JRA late last month issued a Request for Proposals for a hotel of at least 300 rooms on Pascagoula Street across from the Jackson Convention Complex, an approximately 300,000 square-foot conventions […] [...]

State High Court, attorneys general have addressed public backing of private sector

By TED CARTER  A decision to dunk out of a deal with a private gas company 71 years ago could sink the City of Jackson’s plans to co-sign a loan for construction of a downtown Westin hotel. Those long ago circumstances and a stack of opinions from Mississippi attorneys general over the past 30 years […] [...]

AG opinions, legal precedent pose hurdles for deal to fund Jackson’s Westin Hotel

Chancery Court hearing challenging to Hinds County, JRA co-signing for hotel bonds   By TED CARTER A pledge of tax money as collateral for $30 million in bonds for a Westin Hotel in downtown Jackson has put the Hinds County Board of Supervisors and the Jackson Redevelopment Authority at odds with a state Supreme Court […] [...]

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. […] [...]

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 […] [...]

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 […] [...]

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, […] [...]

The Meridian envisioned as catalyst for Jackson’s medical corridor development

by Published: February 12,2015

Tags: Business, Fondren, John Ditto, Mississippi, NEWS, real estate, Stewart Speed

By TED CARTER A nearly five-acre patch of land across Lakeland Drive from University of Mississippi Medical Center is about as close as a Jackson developer can get to a sure thing. At least that’s the way development partners Stewart Speed and John Ditto see the property and its potential for success as home to […] [...]

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