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Real Estate & Construction

RVI announces sale of Tupelo’s Big Oaks Crossing

On June 30, Retail Value Inc. closed on the sale of Big Oaks Crossing in Tupelo for $21 million. Ninety percent of the net proceeds were used to repay mortgage debt associated with RVI with the remaining proceeds retained as cash. Subsequent to the transaction, RVI owns interests in 13 properties located in the continental U.S. and 12 properties in ...

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MMI, LRC2 offer update on Memphis hotel

By JACK WEATHERLY   Two Mississippi hotel firms have offered an update on their project in Memphis, a seven-story, 106-room project in Overton Square. The last steel has been put in place as a “topping out.” A ground-floor restaurant, the Complicated Pilgrim, and a rooftop bar, the Tiger and the Peacock, will be included, according to the firms, MMI Hotel ...

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Business, educational and religious groups throw support behind new state flag

By BECKY GILLETTE The state flag of Mississippi that incorporates an image of the Confederate battle flag has long been controversial. A voter referendum in 2001 to change the flag to something without racial overtones failed by a margin of two-to-one in a state where 37 percent of the population is black. Today, after the worldwide protests over the death ...

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Concord Capital sees virtue in older properties

» Jackson firm just added Knoxville CVS center to inventory By TED CARTER Duckworth Realty’s commercial real estate pros put the emphasis on newness with the District at Eastover office, retail and entertainment complex they developed just off Interstate 55 slightly north of Lakeland Drive in the middle of the last decade. But nowadays it’s properties with some age that ...

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Central Miss. houses are a ‘sellers market’

» Some going for above listed price By JACK WEATHERLY Buyers are snapping up houses in central Mississippi, sometimes paying more than the listed price. And houses are staying on the market for a shorter period, according to the Central Mississippi Realtors Association, which represents 10 counties. The median sales price rose 5.5 percent in May, compared with a year ...

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BRIAN ESTES — Mississippi’s Commercial Real Estate Exchange is a great tool

Since the middle of March most of the country has been dealing with the pandemic and the shutdown of the economy.  Here in Mississippi, most businesses didn’t shut down until early April, but remained shuttered for almost 6 weeks.  For most businesses (small and large), this has been a very difficult time both professionally and financially.  Now that the national ...

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Retail phase of Oxford Commons complete and leased

By JACK WEATHERLY The Blackburn Group has announced the completion of the Terrace at Oxford Commons, with 100 percent of the 16,000-square-foot retail center preleased. The Oxford Commons is a projected mixed-use traditional neighborhood of 1,500 to 1,600 residences – free-standing, condominiums, townhouses and apartments – on about 700 acres in the city of Oxford. All of the new businesses in the Terrace are planning to open in August or September. “It is ...

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Some projects for Mississippi district get ahead amid virus

Distance learning within a Mississippi school district has allowed construction workers to get ahead on several school renovation projects, according to the project’s manager. Vicksburg Warren School District buildings have been without students, teachers and staff since mid-March due to the coronavirus pandemic, The Vicksburg Post reported. Work is ahead of schedule at both high schools and two middle schools, according to Gary Bailey, ...

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Hotelier Chawla looking to a brighter future

Police matter, dissolution of alliance with Trump organization behind him   By JACK WEATHERLY Dinesh Chawla is looking to the future. Not the recent past. That is understandable, given the turn of events in the past year for the man who is looking forward to the opening of the Lyric Hotel in Cleveland. The luxury hotel, which will be a ...

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