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Commercial flourishing on Coast.

Publication: Mississippi Business Journal
Publication Date: 25-AUG-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
While residential construction on tile Mississippi Gulf Coast continues to ebb, new commercial contracts are flowing--to tile tune of $112 million in May alone for Gulfport, Biloxi and Pascagoula. Commercial projects in Pascagoula jumped from $2 million in May 2007 to $55 million the same month this year.

"Investors tell me this is the best investment market in the country right now," said Sam Ford, commercial specialist with Coldwell Banker Alfonso Realty Inc. ,who has worked in the real estate industry on the Mississippi Gulf Coast for 31 years. "Since Hurricane Katrina, we've seen a most unusual real estate market with changing trends, niche driven, with numerous federal and state lending and grant programs available. GO Zone funding has...

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