Yearly Archives: 2009

Jackson, MS - August 18, 2009 - (RealEstateRama) -- EastGroup Properties (NYSE-EGP) today announced the acquisition of three business distribution buildings containing 227,000 square feet in Dallas for a combined purchase price of $6,675,000. The buildings, which will be renamed Interstate Distribution Center V, VI and VII, are located in the city's close-in northwest submarket along the Stemmons Freeway. They were constructed in 1979-81 and are presently 87% occupied by six customers. The buildings are projected to generate an annualized 9.2% yield at their current occupancy.

Attendees Will Receive Valuable Information about Buying and Owning a Home. Yazoo City, MS - July 17, 2009 - (RealEstateRama) -- The Mississippi Home Corporation (MHC) will hold a free Homebuyer Fair on July 28, 2009 at the B.S. Ricks Memorial Library, 310 North Main Street, in Yazoo City, MS from 4:00 p.m. until 7:00 p.m. The fair will be hosted by MHC, Suttlar Real Estate Company, the Esther Steward Buford Foundation, Fidelity First Mortgage, and USDA/Rural Development. Representatives of the host organizations will answer questions and provide valuable information about affordable purchasing programs, credit scores, and the home buying process in general.

Pearl, MS - July 8, 2009 - (RealEstateRama) — Mississippi Gulf Coast residents still in need of permanent housing because their lives were uprooted by Hurricane Katrina will soon have another way to obtain a Mississippi Cottage.

Jackson, MS - June 25, 2009 - (RealEstateRama) — EastGroup Properties (NYSE-EGP) announced today that it will hold its Second Quarter Conference Call and webcast on Thursday, July 30, 2009 at 11:00 A.M. Eastern Daylight Time. On the call, David Hoster, President and CEO, and Keith McKey, CFO, will review the second quarter results and discuss EastGroup's current operations.

Attendees Will Receive Valuable Information about Buying and Owning a Home. Marks, MS - June 18, 2009 - (RealEstateRama) — The Mississippi Home Corporation (MHC) will hold a free Homebuyer Fair on June 30th, 2009 at the Community House on Pecan St. in Marks, MS from 10:00 a.m. until 1:00 p.m.. The fair will be hosted by MHC, Quitman County Community Development Organization, and USDA/Rural Development. Representatives of the host organizations will answer questions and provide valuable information about affordable homebuying programs, credit scores, and the homebuying process in general.

Washington, DC - June 9, 2009 - (RealEstateRama) — Congressman Travis Childers (D-MS) announced that the Federal Housing Administration (FHA) will now allow homebuyers to apply the American Recovery and Reinvestment Act's $8,000 first-time homebuyer tax credit toward the purchase costs of a FHA-insured home. This will help stabilize North Mississippi's and the nation's housing market by stimulating home sales across the country.

Jackson, MS - June 02, 2009 - (RealEstateRama) — EastGroup Properties (NYSE-EGP) today announced the acquisition of the Arville Distribution Center in Las Vegas, Nevada for a purchase price of $11,050,000. Arville, which was constructed in 1997, is a two building, business distribution complex containing 142,000 square feet and is located in the close-in southwest submarket of the city. It is 77% leased to eight customers and is projected to generate an annualized 8.2% yield at its current occupancy.

Washington, DC - May 22, 2009 - (RealEstateRama) — Congressman Travis Childers (D-MS) joined colleagues on both sides of the aisle last night in voting for legislation to strengthen federal law enforcement agencies' ability to fight financial fraud, protect taxpayer money, and help prevent another economic crisis. The bill now heads to the President's desk for his signature.

WASHINGTON, DC - May 14, 2009 - (RealEstateRama) — U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to 10 storm-ravaged counties in Mississippi and provide support to homeowners and low-income renters forced from their homes following severe storms, flooding, and tornadoes in March.

GULFPORT, MS - May 5, 2009 - (RealEstateRama) — Today Gulfport resident Ralph Bougrand, 82, is the first person to purchase the Mississippi Cottage he received after Hurricane Katrina. The opportunity for Bougrand to own his cottage marks a significant step in post-Katrina recovery efforts and in converting temporary disaster housing into permanent homes along the Mississippi Gulf Coast

PEARL, MS - March 17, 2009 - (RealEstateRama) — Students at the new D’Iberville High School are safer every day thanks in part to Hazard Mitigation Grant funding provided by FEMA and administered by the Mississippi Emergency Management Agency.

PEARL, MS - March 12, 2009 - (RealEstateRama) — The Mississippi Emergency Management Agency strongly discourages people from purchasing Mississippi Cottages for housing at an auction in Louisiana next month because the units were damaged by Hurricanes Gustav and Ike

The Baldwyn Business Center www.baldwynbusinesscenter.com - unique for its warehouse, manufacturing and distribution capabilities, as well as its proximity to furniture, automotive, steel and consumer product firms in Northeast Mississippi - has completed substantial renovations a year following its acquisition by ProVisions, LLC.

Jackson, MS - March 02, 2009 - (RealEstateRama) — EastGroup Properties (NYSE-EGP)announced today that it is scheduled to present at the Citi 2009 Global Property CEO Conference. EastGroup's presentation is scheduled for Monday, March 2, 2009 at 3:55 p.m., EST

Biloxi, MS - January 30, 2009 - (RealEstateRama) —The Mississippi Home Corporation (MHC) today announced its new Growing a Greener Mississippi competition which will offer builders/developers statewide the opportunity to compete for $100,000 in prize money.