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Tag Archives: Commercial Real Estate

Metro Jackson office market closes year with more move-ins than departures

By TED CARTER Metro Jackson office tenants filled 50,824 more square feet than they vacated last year, a CBRE-Jackson survey of the second half of 2015 shows. The positive net absorption trend included downtown Jackson, where tenants leased 24,768 more square feet than they gave up, CBRE’s Jackson office reported. By contrast, the I-55/County Line Road submarket, which includes office buildings ...

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Planners unanimously back rezoning for Colonial Highlands

By JACK WEATHERLY The Colonial Highlands traditional neighborhood took a major step toward becoming a reality Wednesday when the Jackson Planning Board voted 10-0 to recommend the rezoning of the former 152-acre Colonial Country Club. The matter will be taken up by the City Council, which could close a stormy chapter in the effort to build what has been called ...

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Hattiesburg’s Turtle Creek Crossing sells for $48.1 million

Stirling Properties of New Orleans has closed on a $48.1 million purchase of Hattiesburg’s Turtle Creek Crossing. Sterling called the acquisition the largest in the history of the 40-year-old commercial real estate company. The 39.9-acre retail center situated on the “going home” side of heavily traveled U.S. Highway 98 covers 295,000 square feet and is across from Turtle Creek Mall. ...

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COMMERCIAL REAL ESTATE — Mixed results ahead for office, industrial and hotel markets

By TED CARTER Certain segments of metro Jackson’s office, hotel and industrial warehouse markets are heading into a promising year, but other segments of the same sectors won’t shake the remnants of the Great Recession. That’s a key forecast included in Integra Realty Resources/Jackson’s tri-county market “Viewpoint” for 2016. Stabilized rent rates and fewer vacancies are ahead for metro Jackson’s suburban ...

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WAKEUP FOR NEW LEASING — CBRE sees metro Jackson office market rebound lasting into 2016

By TED CARTER Metro Jackson’s office market recently awoke from a slumber that began early in the New Year, though downtown Jackson continued its years of lethargy, an office space survey by CBRE’s Jackson office found. The CBRE report predicts metro Jackson’s office leasing rebound will extend through the rest of the year and into 2016. “Most U.S. markets are improving ...

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Ikea confirms plan for Memphis store

IKEA, the world’s leading home furnishings retailer, today proposed plans for a possible store in the City of Memphis and Shelby County, Tennessee that could increase the Swedish retailer’s presence in the Southeastern United States as its first store in the state. The potential store could open as early as Fall 2016 and is contingent upon receiving all governmental approvals. ...

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Diamondhead Casino Corporation wins site approval

DIAMONDHEAD — A 400-acre tract of land near the Bay of St. Louis just off of Interstate 10 near Diamondhead has been approved as a location for a casino. The Mississippi Gaming Commission gave site approval to Diamondhead Casino Corporation. The next time the casino will go before regulators is when financing is in place and the project is ready ...

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HARDWICK — Commercial real estate leases — pros and cons

There are three basic categories of commercial real estate leases. In this column we will explore the pros and cons of each to help you decide which one is right for you and your business. Let’s begin by pointing out that a lease is a contract. In general, all contacts involving the sale of real estate or contracts that take ...

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Tornado-torn town to dedicate new government facility

SMITHVILLE — The town of Smithville is dedicating its new government complex, the last municipal building to be rebuilt after a 2011 deadly tornado. The Monroe Journal reports the event will run from 2 p.m. to 4 p.m. today with a speech by Mississippi first lady Deborah Bryant. Tours will follow. Officials broke ground for the building on Mississippi Highway ...

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