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Real Estate & Construction

Major expansion projects

Ole Miss eyes future with new and expanded facilities across campus   The University of Mississippi (UM) is in the midst of major expansion with the construction of two new residence colleges, a new law school and an expanded baseball stadium. Between $170 and $180 million is being invested in ongoing construction projects at the university, according to Ian Banner, ...

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Home builders voice concerns

RIDGELAND — Home builders in Arkansas, Louisiana and Mississippi participating in a teleconference conducted by the National Association of Home Builders (NAHB) today said they are worried that the recent improvements they have been seeing in home sales are beginning to fade with the approach of the expiration of the $8,000 tax credit for first-time home buyers Dec. 1. Citing ...

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FNC splashes up new website

OXFORD — Mortgage technology company FNC Inc. has launched its new corporate website at www.fncinc.com. Using three primary menu options, viewers can now navigate the site based on their specific industry, the solution they need or the exact FNC product needed to solve pain points. From the site, they can also explore pages by following the site’s breadcrumb design, find ...

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HUD approves state's CDBG-R program

The U.S. Department of Housing and Urban Development (HUD) has approved the State of Mississippi’s plan to administer the Community Development Block Grant-Recovery (CDBG-R) Program, which is funded through the American Recovery and Reinvestment Act of 2009. Approximately $8 million has been allocated to the state to implement the program.

 “The Community Development Block Grant-Recovery Program will promote economic recovery ...

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EastGroup buys facilities

JACKSON — EastGroup Properties has acquired three business distribution buildings containing 227,000 square feet in Dallas for a combined purchase price of $6.675 million. The buildings, which will be renamed Interstate Distribution Center V, VI and VII, are located in the city’s close-in northwest submarket along the Stemmons Freeway. They were constructed in 1979-81 and are presently 87 percent occupied ...

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Broadband study's findings released

WASHINGTON — A new U.S. Department of Agriculture (USDA) economic analysis has found that rural communities with greater broadband Internet access had greater economic growth than areas with less access. The study, “Broadband Internet’s Value for Rural America” by economists at USDA’s Economic Research Service, compared counties that had broadband access relatively early (by 2000) with similarly situated counties that ...

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Non-residential construction still slumping

Private non-residential construction spending fell by 0.5 percent in June, according to the August 3 report by the U.S. Census Bureau. On a year-over-year basis, private non-residential construction is down 4.8 percent from June 2008. Overall, total non-residential construction spending, including both private and public, is up 0.1 percent from May 2009 to $711.9 billion, but down 0.7 percent from ...

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16th Section land revenues soar

JACKSON — In just one year, the Secretary of State’s Office reports that 16th Section land revenues have skyrocketed 42 percent and put $22.8 million additional into the hands of Mississippi’s school children. “These numbers show our new system of posting the leases on the secretary of state’s website, arming our school boards with current financial information and personally reviewing ...

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Stirling Properties makes top 20

JACKSON — Commercial Property News has ranked Stirling Properties as one of the most powerful brokerage firms for 2009. Stirling Properties, which is based in Convington, La., and has an office in Jackson, ranked 20th among the CPN-Nielsen Most Powerful Brokerage Firms. “Stirling Properties is proud to be placed among this list of prestigious, powerful real estate companies in the nation,” ...

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Eley Guild Hardy recognized

BILOXI — Eley Guild Hardy Architects recently  received an Honor Citation in the Architecture/New Construction Category for its design of St. Mark’s Episcopal Church in Gulfport from the Mississippi Chapter of the American Institute of Architects (AIA). According to the Mississippi AIA website, the honor citation is “awarded to projects worthy of recognition because of design quality.” A jury comprised ...

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