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Tag Archives: Commercial Real Estate

Hosemann seeking penalties from developer for moving project funds

JACKSON — The secretary of state’s office is questioning whether Jackson developer David Watkins took funds from a mall project and diverted it to a project to build a new police station in Meridian. Secretary of State Delbert Hosemann is seeking administrative penalties plus restitution of $587,084. Watkins denied any wrongdoing during an administrative hearing that ended this week before ...

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Event looks to put businesses in vacant downtown buildings

Two economic development organizations and a public university have teamed up for an event aimed at matching businesses with available sites in Natchez. On Nov. 9, “Possibilities Tour: Turning Deserted Spaces into Dynamic Places” will be held from 2 p.m.-5 p.m. in downtown Natchez, and will showcase 12 vacant buildings on Main and Franklin streets that are available for sale ...

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City approves CarMax site; lawsuit to be dropped

TUPELO — The Tupelo City Council has cleared the way for a used car dealer to open near the city’s Mall at Barnes Crossing. The council voted yesterday to update the city’s development code and zoning map, the Northeast Mississippi Daily Journal reports. Used car chair CarMax had sued the city over its denial of permission for a location near ...

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Mall sale draws prospective buyers; owners asking $6.5M

JACKSON — A dozen potential buyers have expressed interest in Jackson’s Metrocenter mall since it hit the market Sept. 24. That’s according to the building’s broker. Listing price is $6.5 million. David Sewell, Metrocenter manager, tells The Clarion-Ledger day-to-day business at the 500,000-square-foot mall, which is Mississippi’s largest and once was the state’s premier shopping center, will not be interrupted. ...

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