Braxton
Braxton, MS · Real Estate
communityjournal.net
COMMENTARY They Finally Noticed the Neighborhood
JACKSON ADVOCATE — Neighborhoods across America have seen increasing numbers of homes purchased by investment companies, impacting local families. In response, Georgia Senator Raphael Warnock championed a new federal law to curb large private equity firms from acquiring single-family homes. This legislation, part of the 21st Century ROAD to Housing Act, aims to emphasize that homes are more than just investments.
jacksonadvocateonline.com
They Finally Noticed the Neighborhood
For years, neighborhoods across America have been changing right in front of our eyes. A home goes on the market. Before a local family has a chance to make an offer, it is purchased by an investment company located hundreds or even thousands of miles away. One house becomes five....
WLBT
‘Embarrassment of riches’: How much has AWS increased property values in Madison County?
The Clarion Ledger
Winning bid for historic Jackson Hilton Hotel 4 times greater than Marriott
There is likely a new owner of the historic Hilton Hotel in Jackson . That is the case after a winning bid of $6.3 million was placed Wednesday, June 24 during an auction at Rimarketplace.com that began on June 22. No winner has been officially announced. Bidding began at $1.8 million. The reserve was met when bidding reached $5.3 million. The 150,000-square-foot Hilton on County Line Road in Jackson was in receivership. The 276-room facility, which sits on 6.5 acres along I-55 north, was built in 1984 and updated in 2014. The Hilton is the largest hotel in Central Mississippi by number of rooms and square footage. It also has approximately 19,000 square feet of meeting space and comprehensive food and beverage amenities. The hotel was owned by AWH-BP Jackson Hotel LLC AWH but defaulted on a $49 million loan, according to BJ Patel of RI Marketplace. According to a person with knowledge of the details of the auction, there is still nearly $50 million owed on the property. The property also includes the 400-seat Drago's restaurant, which located there in 2014 and made more than $2.5 million in renovations to a 9,700-square-foot space, which sits adjacent to the Hilton.
bondoro.com
Filing Alert: Fondren Hill Apartments Owner Chapter 11
Chasseur Realty Investors-Jackson, LLC, owner and operator of the Fondren Hill Apartments in Jackson, MS, filed for Chapter 11 protection on Jul. 2 in the U.S. Bankruptcy Court for the District of New Jersey. The company reports $1 million to $10 million in assets and $10 million to $50 million...
WLBT
JMAA, city rests cases in airport takeover trial
JACKSON, Miss. (WLBT) - The city and Jackson Municipal Airport Authority rested their cases Monday in the airport takeover trial, but not before a battle over whether dozens of exhibits related to Sen. Josh Harkins should be submitted for judicial notice. Harkins was the main author of S.B. 2162, the...
WJTV 12
New affordable housing units open in Jackson
JACKSON, Miss. (WJTV) – A new affordable housing development is now open in northwest Jackson, as city leaders work to expand access to rental options for lower-income families. Officials held a ribbon-cutting ceremony at Woodcrest Apartments, located near I-220 at Northside Drive and Medgar Evers Boulevard, on Wednesday. The development added 64 units and is […]