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Tag Archives: Commercial Real Estate

Concord Capital sees virtue in older properties

» Jackson firm just added Knoxville CVS center to inventory By TED CARTER Duckworth Realty’s commercial real estate pros put the emphasis on newness with the District at Eastover office, retail and entertainment complex they developed just off Interstate 55 slightly north of Lakeland Drive in the middle of the last decade. But nowadays it’s properties with some age that ...

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BRIAN ESTES — Mississippi’s Commercial Real Estate Exchange is a great tool

Since the middle of March most of the country has been dealing with the pandemic and the shutdown of the economy.  Here in Mississippi, most businesses didn’t shut down until early April, but remained shuttered for almost 6 weeks.  For most businesses (small and large), this has been a very difficult time both professionally and financially.  Now that the national ...

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Retail phase of Oxford Commons complete and leased

By JACK WEATHERLY The Blackburn Group has announced the completion of the Terrace at Oxford Commons, with 100 percent of the 16,000-square-foot retail center preleased. The Oxford Commons is a projected mixed-use traditional neighborhood of 1,500 to 1,600 residences – free-standing, condominiums, townhouses and apartments – on about 700 acres in the city of Oxford. All of the new businesses in the Terrace are planning to open in August or September. “It is ...

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Metro Jackson seen avoiding major risks big markets are enduring

Survey finds trend of commercial real estate projects suspended or scrapped   By TED CARTER Huge numbers of commercial real estate projects across the country shut down for good will be part of any tally of economic casualties of the coronavirus pandemic. But look for the wreckage of metro Jackson’s abandoned projects to be less extensive than in larger markets, ...

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U.S. retail, office most squeezed by pandemic, survey finds

By TED CARTER Triage for various commercial real estate classes during a pandemic looks like this: Retail, office, multi-family and industrial warehouse-distribution, real estate executives, investors and lenders say in a new national survey. As part of the Covid Real Estate Impact Survey Report, a trio of Integra Realty Resources executives detailed projections for three commercial categories. Lance Jordan, managing ...

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Patience of commercial landlords to get summertime tests

PUMMELED IN MARCH, MISSISSIPPI RETAILERS BRACE FOR HISTORICALLY BAD MAY   By TED CARTER The period through the end of May is likely to determine the course commercial property landlords take in addressing tenants tardy on rent after government-ordered shutdowns over the coronavirus pandemic. “The next 40 days are absolutely critical,” said Brian Estes, a Jackson real estate investment specialist ...

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BRIAN ESTES — What impact will COVID-19 have on commercial real estate.

As I’m writing this column, my family and I have quarantined ourselves in our home with limited trips to the store, office and to see extended family. Unfortunately, both of my parents are recovering from cancer so I have not been able to visit either one of them for fear that I might possibly bring the virus unknowingly to them.  ...

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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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BRIAN ESTES — What is the current state of the commercial real estate market?

In my last article I briefly discussed the current state of the commercial real estate market and pointed out a few things that could be done ahead of the potential commercial real estate (CRE) downturn.  As a real estate practitioner, I frequently get asked what the current state of the real estate market is.  There are hundreds of articles published ...

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