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Real Estate & Construction

Tupelo’s Fairpark development adding tenants

By DENNIS SEID / Daily Journal TUPELO – The first two tenants have committed to a new Fairpark District development. Ross & Yerger is relocating its downtown Tupelo office on South Broadway to what will be called Fairpark Towers. Joining the Jackson-based insurance company’s office will be Century Construction and Realty Inc. Officials recently announced a public-private partnership between the city and ...

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Road Builders Association holds elections

The Mississippi Road Builders Association recently elected members to a three-year term:. Bradley Coker, Falcon Contracting Company (Columbus); Harold Hammett, Hammett Gravel Company (Lexington); Clint Estess, Dickerson and Bowen (Brookhaven); Terry Ausbern, Ausbern Construction Company (Okolona). Bob Phillips, Phillips Contracting Company serves as President. Joe Lauderdale, Sunbelt Sealing serves as 1st Vice President. Steven Warren, Warren Paving serves as 2nd ...

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Nearly 100 affordable homes planned for Mississippi city

OXFORD — A combination of nearly 100 “lease to own” townhomes, duplexes, and single-family detached homes has been planned to help house a Mississippi city’s area workforce. Oxford Eagle reported on Monday a public-private partnership’s recent $15 million awarding in competitive funding is the result of efforts over the years by Oxford and Lafayette County officials to address the difficulty of creating ...

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Home sales in central Mississippi down 4.5 percent

By JACK WEATHERLY House sales in the 10-county  Central Mississippi Multiple Listing System were down 4.5 percent in June from the previous year, primarily because of tight inventory, according to Central Mississippi Realtors. Consequently, the average sales price increased 2.1 percent, creating a market that slightly favors sellers. “Inventory remains extremely tight, but patience may pay off in coming months ...

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COMMERCIAL FINANCE 701: The Passing of LIBOR

The death knell for LIBOR officially sounded on July 27, 2017, when the UK’s Financial Conduct Authority broadcast it would cease maintenance of the internationally-used interest rate benchmark beyond December 31, 2021.  The surprise announcement was surprising only as to the timing of the press release and the sunset date.  The Wall Street Journal dissed the rate back in 2008 ...

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Contractor wins Firestone award

E. Cornell Malone Corp. has been named one of the winners of Firestone Building Products’ 2017 Gold Master Contractor award. The Jackson firm is in the top 2 percent of Firestone Building Products Red Shield Licensed Roofing Contractors. This is the 30th year for the program that honors Firestone Building Products licensed roofing firms in the U.S., Canada and Mexico ...

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IRR merger expands market expertise across Mid-South

Integra Realty Resources of Jackson and Gulfport, and Integra Realty Resources of Memphis have recently merged and made staffing changes. IRR offices in Jackson, Gulfport and Memphis are commercial real estate consultation services. The team now includes seven MAI-designated appraisal professionals, a mark of excellence in the field, and eight additional appraisal analysts on staff, along with experienced administrative support ...

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Dylan Whitt joins Crye-Leike in Tupelo

Dylan Whitt of Tupelo has become affiliated with Crye-­Leike’s Tupelo branch office. Whitt works with buyers and sellers in Lee, Itawamba and Prentiss counties. He specializes in residential real estate. Prior to joining Crye-Leike, Whitt served in the armed forces. He recently served in the Mississippi Army National Guard, including a deployment to Iraq in 2009 with the 155th Combat ...

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