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Tag Archives: Commercial Real Estate

Meadowbrook McRae’s building sits mostly empty, but full of potential

The old McRae’s building on Meadowbrook Drive in Jackson has sat mostly vacant since 2005, save for a small clothing store and a cash advance place. Just under 68,000 square feet of the total 86,000 square feet sits empty. An advocacy organization for the Fondren neighborhood has renewed its hopes that development of the building could turn north Fondren’s business ...

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With new building complete, what is to become of old hospital?

PICAYUNE — Now that the new Highland Community Hospital building has been completed, some Picayune residents may wonder what will become of the old location. Originally named Crosby Memorial Hospital, the site on Goodyear Boulevard was constructed by L.O. Crosby around 1955, said former Crosby Memorial Hospital Board member Jo Woods. Picayune only had a medical clinic to meet the ...

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Downtown group approves new design guidelines

TUPELO — The board of the Downtown Tupelo Main Street Association approved a new set of design guidelines Tuesday that members hope will help the district maintain its historic roots. The 87-page packet provides guidelines for commercial and residential projects that cover only the exterior of buildings. They cover everything from facade paint colors to awnings to store signage to ...

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Judge's ruling means fight to continue over marina site

BAY ST. LOUIS — The Murphy family’s legal battle over the future the marina site in Bay St. Louis will continue now that Secretary of State Delbert Hosemann’s motion to dismiss has been denied. Hancock County Circuit Judge Lisa P. Dodson ruled the secretary of state did not properly support the motion to dismiss the Murphys’ case with documentation. With ...

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State home sales improving but still a buyer’s market

While there is still no doubt it is a buyer’s market, Mississippi Association of Realtors (MAR) representatives from Jackson, the Coast and Northwest Mississippi report that home sales are improving and prices seem to be stabilizing. Home sales on the Coast are up so far this year from 2011. “Our last month tabulated was June and the Gulf Coast Multiple ...

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EastGroup's earnings up 44% on property sale gains

JACKSON — EastGroup Properties’ profit jumped in the second quarter on property sale gains. The real estate investment trust said quarterly profit rose to $8.1 million, or 28 cents per share. That’s up 44 percent from $5.6 million, or 20 cents per share, in the year-ago quarter. Analysts polled by FactSet had on-average predicted 23 cents per share. Profit jumped ...

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Supervisors vote down Old Capitol Green; project in doubt

JACKSON — Plans for a $1 billion revitalization project for downtown Jackson have been thrown into doubt because of a decision by Hinds county officials to back out. The proposed Old Capitol Green project included office, residential and retail space and a 450-space parking garage. The Clarion-Ledger reports county supervisors voted 3-1 to bow out of the project after a ...

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Activist: Coast city's water, air, soil polluted by industrial plants

MOSS POINT — Past and present industrial plants have contaminated the Moss Point area’s water, soil and air with toxic chemicals, damaging people’s health, says chemist and environmental activist Wilma Subra. Three plants spewed more than 200 tons of chemicals into the air before they closed, including 193 tons from the International Paper-Moss Point Mill that closed in 2001, she ...

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