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Tag Archives: real estate

9th HOA sues Mississippi real estate firm over missing funds

A ninth homeowner’s association is suing a Mississippi real estate company over missing funds. The Clarion Ledger reports the lawsuits filed against Ridgway Lane & Associates allege the company stole more than $1.6 million from Jackson-area HOA bank accounts. The lawsuits name the company, several John Does and the company’s president and vice president, David L. Lane and his son, David. W. ...

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SIGN OF SHIFT: $35 million Canton apartment complex under construction in Madison county

By JACK WEATHERLY If one assumes that proximity to the Nissan plant with its 6,500 workers explains the $35 million, 600-unit apartment complex under construction, one would be wrong. Not so, says Hugh Jarratt, staff attorney for the management arm of Lindsey Construction Co. of Fayetteville, Ark. “The bulk of the renters will not be Nissan employees,” Jarratt said of ...

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PHIL HARDWICK — Replacement reserves applies to everyone

Several years ago, an acquaintance purchased an apartment complex near the downtown area. It was built 20 years earlier at a time when it was the place to be for renters who worked downtown. He was a successful medical professional, and the apartment complex was his first investment. He remarked that he got a good deal, which was important to ...

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County planners keep pause on development over water issues

A north Mississippi county is keeping a moratorium on development in areas served by a water association plagued by complaints about discolored water. The Oxford Eagle reports the Lafayette County Planning Commission has voted to maintain the ban on new water connections in the part of the county served by the Punkin Water Association. Jason Frye is president of the ...

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Golf carts prove successful in Ocean Springs, Pascagoula

OCEAN SPRINGS — When city leaders in Pascagoula and Ocean Springs adopted their respective ordinances to allow the use of street-legal golf carts in their downtown areas, it’s unlikely they could have anticipated how successful that move would be. City officials, police chiefs and business owners alike are extremely pleased with how well the use of golf carts on city ...

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Colonial Highlands rebrands, starts with apartment complex

By JACK WEATHERLY The owner of what had been called Colonial Highlands has rebranded the mixed-use development as NorthRidge to “position the property for future growth,” and has sold a parcel of land to Birmingham-based Arlington Properties to build a luxury apartment community as a cornerstone in the 152-acre development in northeast Jackson. Terms of the deal were not disclosed ...

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BRIAN ESTES — Real estate investment strategies for high net-worth individuals

Most of my day is filled with conversations about commercial and investment real estate and the majority of the time I am discussing investment strategies with high net-worth individuals. Our discussions are mainly about which markets to invest in and what property type offers the best returns.  However, toward the end of the conversation I always try to steer the ...

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Nearly 90 disciplinary actions in Mississippi real estate

More real estate brokers and sales associates in Mississippi were sanctioned for violating state rules during the first six months of this year than for all of the previous two years combined. The Clarion Ledger reports the Mississippi Real Estate Commission has issued nearly 90 disciplinary letters this year. About 60 of them were for failure to disclose a misdemeanor ...

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