Home » NEWS » Real Estate & Construction (page 191)

Real Estate & Construction

Construction industry cuts more workers

Employment in the nonresidential construction industry fell by 13,000 jobs in September, according to the Oct. 2 employment report by the U.S. Labor Department. Since Sept. 2008, the nonresidential construction sector has lost 107,800 jobs, or 13 percent, and now stands at 710,700. The pace of job loss in heavy and civil engineering construction employment has been similar to the ...

Read More »

Fairpark redevelopment gains notice

TUPELO — A partnership between the Mississippi Department of Environmental Quality (MDEQ) and the City of Tupelo in redeveloping the Fairpark District has won a regional Phoenix Award. The award will be presented in November at the National Brownfield Conference in New Orleans and will recognize the redevelopment of the contaminated property at the old fairgrounds into the popular downtown ...

Read More »

Housing preservation grants awarded

AROUND MISSISSIPPI — The U.S. Department of Agriculture (USDA) is providing $9.8 million in grants to repair rural housing and make energy efficiency improvements in 48 states and Puerto Rico. The funds are being awarded through the USDA Rural Development Housing Preservation Grant program. Housing preservation grants ensure that rural single and multi-family housing stocks are adequate, meet current safety ...

Read More »

Commercial construction spending steadies

Private nonresidential construction spending was virtually unchanged in August, falling just 0.1 percent, according to the Oct. 1 report by the U.S. Census Bureau. However, compared to Aug. 2008, spending is down 10.5 percent. Total nonresidential construction spending, that includes both private and public, slipped 0.4 percent from July, and is down 4.7 percent from Aug. 2008 to $684.5 billion. ...

Read More »

SBA extends GO Loans

MISSISSIPPI GULF COAST — The U.S. Small Business Administration (SBA) is extending its Gulf Opportunity Pilot Loan Program (GO Loans) through Sept. 30, 2010. SBA launched the GO Loan Pilot in Nov. 2005 to provide expedited financial assistance to small businesses severely impacted by Hurricanes Katrina and Rita. Under the program, SBA provides 85 percent guarantees (90 percent under American ...

Read More »

Bill would extend homebuyer's tax credit

WASHINGTON — Rep. Travis Childers (D-Miss.) and Rep. Frank Kratovil (D-Md.) have introduced legislation designed to help families buy and sell homes and spur growth and stability in the American housing market. The Tax Credit Extension for Homebuyers with a Loss Deduction Incentive Act (H.R. 3640) will extend for one year the $8,000 home-buyer tax credit, expand the credit to ...

Read More »

Southeast Medical acquires property

FLOWOOD — Southeast Medical Properties I, LLC, an affiliate of Jackson-based Duckworth Realty, Inc., has purchased the 12,000 -square-foot former Baker Engineering building from Cress Realty Group for an undisclosed amount. The property, located at 2925 Layfair Drive in Flowood, will be renovated as a medical office facility for Jackson-based University Physicians, PLLC. Rick Wood and Jon Van Hoozer with ...

Read More »

Ridgway Lane offering new web site

JACKSON — Ridgway Lane and Associates has launched its new website, www.ridgwaylane.com. The site provides current and potential clients with information on the range of services offered by the company, a portal for homeowner association residents to connect with management services as well as a business-to-business portal for vendors. Visitors can browse through the site to connect with a broad ...

Read More »

Construction backlog increasing

WASHINGTON — Associated Builders and Contractors (ABC) reports that the nation’s Construction Backlog Indicator (CBI) for July rose 8.9 percent to 6.1 months from 5.6 months in June. The CBI is a gauge on the amount of construction work to be completed, measured in time, currently under contract. “While the magnitude of monthly increase was significant and impressive, June was ...

Read More »

Builder arrested for Katrina fraud

GULFPORT — A Louisiana man turned himself in to authorities after being indicted by a grand jury for home repair fraud, according Attorney General Jim Hood. James Randolph Helmes, 45, of Denham Springs, La., is charged with felony home repair fraud after allegedly being paid for work he failed to complete and/or never began. The home involved was located in ...

Read More »