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MBJ FEATURE

District at Eastover loft apartments bought by investment firm

By JACK WEATHERLY jack.weatherly@msbusiness.com About a year after the District Lofts apartments were completed, the 261-unit complex in Jackson’s District at Eastover was sold. The buyer, Passco Cos. LLC of Irvine, Calif., a private real estate investment firm, secured a $30.6 million loan from KeyBank, according to multifamilynews.com. But that is not the purchase price, said Breck Hines, a co-developer ...

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Colonial Highlands still awaits turning of dirt for apartments

By JACK WEATHERLY jack.weatherly@msbusiness.com Nearly three years ago, the city of Jackson approved a plan to redevelop the former 152-acre Colonial Country Club, but dirt has not been turned on the project. Arlington Properties of Birmingham said last August that it planned to build a 220-unit apartment complex on the property as the first phase of the mixed-use, traditional neighborhood ...

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Telematic devices can improve safety and reduce costs of insurance

By BECKY GILLETTE mbj@msbusiness.com Technology is changing the way the insurance industry operates, with some applications including telematic devices that are used to track the safety of drivers. There is some research, including a recent academic study published in the journal Marketing Science, that shows improvements in driver safety as a result of feedback provided by telematics devices, said Andre ...

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Coast veterinarian couple got SBA loan for expansion after being turned down by banks

By BECKY GILLETTE mbj@msbusiness.com Drs. Jennifer and Jeffrey Sutton, owners of the Gulf Coast Veterinary Emergency Hospital at 8144 E. Oaklawn Road, Biloxi, and Beach View Veterinary Hospital, 132 Porter Ave., Biloxi, went to nearly a dozen banks seeking funds to expand in 2006. While they had a good business they started in 2003, they were disappointed trying to get ...

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Ex-exec still incarcerated in Louisiana jail on fraud, bad-check charges

By JACK WEATHERLY jack.weatherly@msbusiness.com Roger Boggs, who announced plans for a $1.2 billion aluminum manufacturing plant for auto bodies in Columbus, then pulled up stakes and moved to Louisiana, announcing similar plans there, remains in jail in Lafayette, La., under $360,000 bond for bank fraud and passing bad checks. Sarah Pickering, a deputy sheriff at the Rapides Parish Detention Center, ...

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BILL CRAWFORD — Conservative Foster pushing for Medicaid reform

Successful DeSoto County small businessman Robert Foster is one of the more conservative members of the Mississippi Legislature, e.g. the American Conservative Union gave him a 95% “conservative” rating in 2018. Serving his first term as a state representative, Foster decided not to seek re-election but put his name on the ballot for governor. He said his experience these four ...

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Community foundations kick off tax-credit drive

By JACK WEATHERLY If it sounds too good to be true, it probably is. So goes the axiom. Yet that leaves open the possibility that it can be true. The seven community foundations of Mississippi asked the Legislature for $2.5 million in tax credits over five years to start the Endow Mississippi Program. The full amount was approved in the ...

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JACK WEATHERLY — ‘Bright Star’ shines at the New Stage

Steve Martin met someone at a cocktail party who wanted to compliment him on his play about Picasso meeting Einstein. It was “goo . . . RATE,” the partygoer said, avoiding damning Martin with faint praise. The legendary comedian, actor, banjoist and playwright’s latest stage effort, “Bright Star,” as presented by New Stage Theater in Jackson is goo . . ...

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