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Tag Archives: real estate

JRA selects EDT as top choice for convention hotel developer

By TED CARTER Washington, D.C.-based Engineering Design Technologies has been named the preferred developer for a downtown Jackson convention center hotel. The selection of EDT’s $75.5 million proposal came at Wednesday’s meeting of the Jackson Redevelopment Authority, capping a request for proposals process that began last spring. EDT and its local team, Mississippi Developers LLC, beat out Red Leaf Development of ...

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US home prices rise at a solid clip in December

WASHINGTON — U.S. home prices increased at a solid clip in December, helped by a healthy job market and low mortgage rates. The Standard & Poor’s/Case-Shiller 20-city home price index rose 5.7 percent from a year earlier, same as the annual increase in November. Prices rose 11.4 percent in Portland, Oregon; 10.3 percent in San Francisco and 10.2 percent in ...

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Central Mississippi real estate market feeling momentum

By LISA MONTI  Last year, the central Mississippi real estate market had some highs and lows, but Realtors in the 10-county area believe 2015’s momentum could translate to good things in 2016. One high point in December’s market report from the Central Mississippi Realtors members showed that new listings increased 12.5 percent to 433 from the previous December. “Usually December ...

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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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COMMERCIAL FINANCE 701 — CRE loans, credit underwriting & the Feds in 2016

US banks didn’t have to wait long to learn the Feds’ thoughts on commercial real estate (CRE) loans in 2016.  On December 18, 2015, the trio of federal bank regulators – the Federal Reserve Board, FDIC, and the Comptroller of the Currency – issued a dismal harbinger entitled “Statement on Prudent Risk Management for Commercial Real Estate Lending.” The four-page ...

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CoreLogic buys Oxford appraisal software maker FNC for $475M

OXFORD — Real estate information provider CoreLogic is buying Oxford-based FNC Inc. for $475 million. CoreLogic, based in Irvine, California, announced the purchase Thursday, saying it wants to integrate FNC’s real estate appraisal software into its products. “We expect property valuation to be an area of significant future domestic and international growth,” CoreLogic CEO Anand Nallathambi said in a statement. ...

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COMMERCIAL FINANCE 701 — Real property taxes – ad valorem and more

An observant, pragmatic and penny-pinching Benjamin Franklin once mused, “In this world nothing can be said to be certain, except death and taxes.” The quip distills the issue to its core, but taxes in today’s world are much more complex than Franklin’s succinct quote would suggest. This article is about ad valorem taxes on real property in Mississippi. Ad Valorem ...

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