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Real Estate & Construction

Dick's Sporting Goods set for Madison opening Friday

Source: Mattiace Properties press release MADISON — Dick’s Sporting Goods, Stein Mart and Best Buy are set for a grand opening Nov. 12 in the city of Madison. The Forum at Madison Grandview, on the south side of Highway 463 at I-55, is a community power center already home to Malco Theater and Miskelly Furniture. The stores are scheduled to ...

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Cleveland gets money for boulevard

JACKSON — The city of Cleveland will receive $1.1 million for construction of a boulevard and trail to venues at Delta State University in Cleveland. U.S. Sen. Thad Cochran, R-Miss., says the project is designed to alleviate traffic through residential areas. Cochran says the funding is part of $3.3 million from the Federal Highway Administration for four projects in Mississippi. ...

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Company working to revitalize Meridian

MERIDIAN — A Jackson economic development consulting agency has been hired by the city of Meridian to revitalize the downtown area. Mayor Cheri Barry tells The Meridian Star that the city has hired Watkins Development, which rebuilt the King Edward Hotel in Jackson, to come with a plan to develop all of Meridian, including downtown, over the next 10 years. ...

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Proposed sign law in Clinton criticized

CLINTON — Clinton business owners are making it clear how they feel about a proposed city sign ordinance that restricts height and other characteristics of their best advertisement. Jackson attorney James Peden told the Clinton Planning and Zoning Commission at a recent hearing, if the ordinance is adopted, the city would be shooting itself economically in the foot. In the ...

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Foreclosures up in Jackson, Gulfport-Biloxi

Two Mississippi areas – Jackson and Gulfport-Biloxi – recorded increases in foreclosure actions against delinquent homeowners during the third quarter, a national tracking organization said Thursday. Irvine, Calif.-based RealtyTrac surveyed actions against homeowners behind on their loans, ranging from an initial notice of default to outright lender repossession. Although Jackson and Gulfport-Biloxi posted double-digit increases from the second quarter, they ...

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Existing-home sales up again in September

Source: National Association of Realtors WASHINGTON — Existing-home sales rose again in September, affirming that a sales recovery has begun, according to the National Association of Realtors®. Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, jumped 10.0 percent to a seasonally adjusted annual rate of 4.53 million in September from a downwardly revised 4.12 million ...

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MSU building to be leased for Cotton Mill Marketplace

STARKVILLE — The state College Board has approved the lease of Mississippi State University’s Cooley Building to developers of the $64 million Cotton Mill Marketplace. The project is to include a 150-room hotel and buildings with a mixture of office, retail, residential and restaurant space along Mississippi Highway 12 in Starkville. The Cooley Building currently houses much of MSU’s physical ...

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U.S. housing construction expanding

Source: The Wall Street Journal’s Market Watch WASHINGTON — New construction of U.S. houses expanded for the third straight month in September, the Commerce Department estimated Tuesday. Starts rose 0.3% in September to a seasonally adjusted 610,000 annualized units, much stronger than the 578,000 pace expected by economists surveyed by MarketWatch. This is the highest level of starts since April. ...

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Chinese drywall settlement reached

Source: PR Newswire NEW ORLEANS — The Plaintiffs’ Steering Committee in the Chinese Drywall multi-district litigation and Knauf Plasterboard Tianjin (KPT) today announced a breakthrough settlement to remediate homes impacted by KPT’s drywall. The agreement establishes a demonstration remediation program, funded by KPT and a number of builders, drywall suppliers and their insurers. The program includes the removal of the ...

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