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Real Estate & Construction

Mississippi Concrete Association elects new president

The Mississippi Concrete Association elected Victor McMillan of B & B Concrete Co., Inc. as the 2020 MCA President on Feb. 11. He was installed as president of MCA during its recent Winter Meeting at Hyatt Place in Ridgeland. Victor is part of the leadership team of B & B Concrete Co., Inc. where he has worked for 5 years. ...

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Rippy joins BankPlus Commercial Real Estate Group

BankPlus recently announced the addition of Tracy Rippy to the Commercial Real Estate Group in Mobile as Senior Vice President & Regional Commercial Real Estate Officer. Tracy Rippy joins BankPlus with over 18 years of banking experience. Tracy’s most recent six years of experience has been as Senior Vice President and Commercial Real Estate Relationship Manager at Trustmark Bank. Prior ...

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BRIAN ESTES — Commercial Real Estate Year-In-Review for 2019

As the New Year (2020) is already underway, I recently had discussions with several commercial real estate professionals about the ups and downs of the commercial real estate market in 2019. Overall, the commercial real estate market did well in 2019; however, it was certainly based on property type and location.  There was a lot of continued interest in commercial ...

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Building concerns prompt street, sidewalk closures in Oxford

Structural concerns have led to some street and sidewalk closures in downtown Oxford, city officials said. Construction issues were discovered during a renovation project at a building on South Lamar Boulevard, creating concerns about safety, The Oxford Eagle reported. The matter has also led to discussion about the building’s future. Chef John Currence is in the midst of a renovation project to ...

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Suburban office space absorption headed for positive range; industrial in expansion mode

By TED CARTER Tenants of metro Jackson’s suburban office market are expected to begin filling up space at a pace that exceeds new vacancies, an outcome the market failed to achieve two of the past three years. Credit a 10-year slowdown in new office construction for increased prospects that net absorption will move into a positive range and stay there ...

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Metro retail real estate on a roll, survey finds

New construction accompanied by 2nd and 3rd chances for older properties   By TED CARTER Metro Jackson’s retail development market is in a recovery year created by vacant space filling up and lease rates staying in place. So concludes a close look at the metro retail market by Integra Realty Resources Inc. and detailed in its annual “Viewpoint” report for ...

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Home builder confidence high, but cost and availability of homes are issues

By BECKY GILLETTE The current mood of home builders in Mississippi and across the country is better now than it has been since the Great Recession, said David Saulters, immediate past president of the Home Builders Association of Mississippi (HBAM) and owner of Sigma Companies and RE-MAX Real Estate Partners in Hattiesburg. “It took a long time for the construction ...

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NEZAT: Coast condo market is a more secure investment

By LYNN LOFTON The condominium market on the Mississippi Gulf Coast is alive and well. No high rise buildings have been constructed recently, but sales for the existing units are steady and there is some non-high rise construction underway. The realtors interviewed agree that the most-in-demand location is on or overlooking the beach. “The last condo we constructed on the ...

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Construction deadlines tied to financial help in Madison project

» Project could begin by the end of 2020, but ‘substantial’ work must begin by end of 2021 By JACK WEATHERLY In asking the city of Madison for financial help in building the ballyhooed Madison on Main project, the developer, Greenstone Ventures Inc. of Atlanta, will have to meet certain deadlines. That’s according to the general agreement between the city, ...

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Latest set of plans submitted for Tupelo’s Gateway Landing project

By DENNIS SEID / Daily Journal TUPELO • The latest set of plans have been submitted to the city of Tupelo’s development services department for Gateway Landing, a 240-apartment complex with parcels for other tenants to be built at the Interstate 22-McCullough Boulevard intersection. The project is a collaboration with Fusion Hospitality and Heritage Hospitality Group. Work is expected to begin ...

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