Home » NEWS » Real Estate & Construction (page 192)

Real Estate & Construction

Taylor writes letter to President

WASHINGTON — With President Obama’s upcoming visit to New Orleans tomorrow, Rep. Gene Taylor (D-Miss.) wrote the President urging the administration to reform the National Flood Insurance Program and revisit the Taylor-written Multiple Peril Insurance Act of 2009. Taylor says his act is a “proposed solution to the homeowner insurance crisis that is sweeping America’s homeowners throughout the Gulf and ...

Read More »

Contractors plead guilty to fraud

GAUTIER and BILOXI — According to the Attorney General’s Office (AGO), two Mississippians have pleaded guilty to home repair fraud on the Coast. 

Lee Andrew Thweatt, 50, of Gautier and doing business as L & S Construction, entered his plea Oct. 6 before Circuit Court Judge Robert Krebs in Jackson County. Thweatt was charged in a case where he was ...

Read More »

The Promenade holds grand opening

D’IBERVILLE — On Oct. 11, CBL & Associates Properties Inc. and Forum Development Group, LLC, held the grand opening for The Promenade, the 700,000 square-foot power center located in D’Iberville. It is the largest retail project in the Mississippi Gulf Coast since Hurricane Katrina. The first phase of The Promenade, totaling approximately 480,000 square feet, opened more than 96 percent ...

Read More »

Court rules in wind-versus-water case

According to USAA, the Mississippi Supreme Court has issued a unanimous decision in Corban v. USAA, settling once and for all the legal issues surrounding Hurricane Katrina claims in Mississippi, and confirming that USAA has handled Katrina claims correctly. “This ruling is a good decision for USAA as well as for Mississippi homeowners,” said Paul Berry, a spokesperson for USAA, ...

Read More »

MEMA gives update on storm's devastation

ACROSS MISSISSIPPI — The Mississippi Emergency Management Agency (MEMA) has given an update on the deaths, injuries and damage caused by storms that rolled through the state Oct. 9. MEMA reports one person was killed, two injured and seven are displaced after a tornado ripped through mobile homes in the Wayside community of Washington County. Several other counties reported damage. ...

Read More »

FNC reassures clients about compliance

In the past month, FNC Inc.’s corporate leaders have traveled coast-to-coast to assure their clients, many of the nation’s major mortgage lenders and servicers, that they need not worry about news of pending regulation changes. Rumors of new lending regulations have been prolific lately among financial news sources. Most recent are a HUD announcement requiring documented appraiser independence on all ...

Read More »

New disaster arbitration process launched

MISSISSIPPI GULF COAST — Certain applicants for federal public assistance funding resulting from damages incurred from hurricanes Katrina and Rita may participate in a new arbitration process pursuant to the American Recovery and Reinvestment Act of 2009, according to FEMA. The new arbitration system is designed to further recovery efforts by providing final adjudication of particular disputes involving projects in ...

Read More »

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 »