Tuesday, September 18, 2007

Another auto industry announcement set

Gov. Haley Barbour will be in Tupelo on Tuesday morning, September 25, for another "major automotive industry announcement." The announcement is set for 10:30 a.m. at BancorpSouth Conference Center. Speculation is the announcement will be that a supplier to the new Toyota factory will be setting up its digs in the Harry Martin Industrial Park in north Lee County, near the current location of Hancock Fabrics headquarters. If this is where the next supplier lands, the north Lee County/South Prentiss County area will receive a major economic shot in the arm, especially the city of Baldwyn and the town of Guntown.

Thursday, September 13, 2007

Ole Miss enrollment levels off

Though university officials are publicly wiping a collective brow on this topic (glad the furious pace of growth has slowed), this will not be seen as good news for condo builders in the area. The condo market is already well overbuilt, IMO, and it's been getting tougher on apartment properties to meet occupancy goals having to compete with the condos. No, not all condos in Oxford are built for students, but a serious number have been built aiming for a piece of that market, and the slowing of enrollment growth at the school will not bode well for those developers. See the story on school enrollments here: http://www.djournal.com/pages/story.asp?ID=251430&pub=1&div=News

Tuesday, September 11, 2007

Azalea Gardens (Tupelo) under new management

I can't say I'm sad to see O'Malley's Property Management no longer in control of Azalea Gardens Apartments in Tupelo. I don't know of much that operated smoothly in the time that O'Malley's managed the property. The previous company, out of Montgomery, Alabama (the name escapes me) did a good job, given the difficulties that go along with managing that property anyway. But just from my standpoint as publisher of the Apartment Finder & Newcomers Guide magazine of Tupelo, O'Malley's was difficult to work with. In fact, the property was delisted from the Apartment Finder for lack of payment. It took nearly two years to receive payment on advertising. They finally did pay, so I can't say they defaulted, but that kind of payment history, as I understand it, was not limited to just me. Again, I do understand there are certain difficulties that go along with managing that apartment complex, but it just seemed like O'Malley's was hobbled from the start. Here's hoping the new management company, Apogee Companies of Boynton Beach, Fla., has much better luck. Azalea Gardens was an effort on the part of the city that was supposed to lead to a rejuvenation in the Ida Street area of town and cut down on crime and urban decay. Good management will keep that trend going, but poor management will unravel all the good that has been done.

Thursday, September 06, 2007

New manager at Campus Walk in Oxford

I learned today there is a new manager at Campus Walk Apartments in Oxford, Miss. Here is wishing Lynn Flowers the best of luck in her new position.

Wednesday, September 05, 2007

Update on new Tupelo properties

There's not much to print here at the moment. Two major rental properties have been announced in and around Tupelo since the announcement that Toyota would be building its next automotive assembly plant near here. I'll give you more details once I have them on what's going on with VistaRidge, the planned development across from the MDOT facility on North Gloster, and with the planed 216-unit property off McCullough Boulevard near Coley Road.

Beginning anew

This blog was started originally more than two years ago. Since then it fell into a deep sleep and wasn't disturbed. It's rested now and ready to be written on again. Watch for news involving Tupelo, Oxford and Northeast Mississippi in the days ahead.