MGM MIRAGE reported its third quarter 2008 financial results. The Company earned $0.22 per diluted share from continuing operations for the 2008 third quarter compared to $0.62 in the prior year third quarter. Results for the 2008 quarter included a non-cash write-down of $30 million, or $0.07 per diluted share, related to the 36-hole Primm [...]

Traveling more than 3,000 miles is a big trip for anyone, but imagine doing it as Harry, a three-inch tall praying mantis.
Harry, the star resident of New Orleans’ newly opened Audubon Insectarium, will begin a three-week journey Oct. 31 when he hits the road for his educational tour titled Harry’s Big Adventure.
The trip, presented by [...]

Lured by congressionally authorized tax credits and other financial incentives after Hurricane Katrina, a procession of developers announced plans to build high-rises.
Adding to the tension for commercial investors: Construction and insurance costs have soared.
At least one big plan — a $400 million proposal by Donald Trump to construct the city‘s tallest building — is going [...]

Windjammer Condominium owners are free to sell their shares of one of the choicest parcels of waterfront property on the Biloxi strip, between the Beau Rivage and Hard Rock casinos.
Harrison County Chancery Judge Jim Persons ruled May 15 the property owners’ association is authorized to sell the 1.5-acre site to California developer Wilton-Henson Associates LLC, [...]

New Orleans — ARCS Commercial Mortgage Co., based in Calabasas Hills, Calif., is providing permanent financing for the conversion of a vacant building into 1201 Canal Apartments and Condominiums. Once complete, the property will feature 122 rental units and four condos. Located in the Krauss Building near the French Quarter of the city, the community [...]

John Tlapek bought a three-bedroom, three bath condo in the new Maryland Walk development in Clayton at 8025 Maryland Ave. for $1,226,483 from Clayton-based Conrad Properties on Jan. 10.
Unit #7K covers 2,819 square feet.
St. Louis-based real estate company Elizabeth Robb and Associates completed the sale.
Mr. Tlapek is a private equities investor and holds an executive [...]

LAUREL – A New Holiday Inn Express Hotel & Suites is scheduled to open Dec. 1 in Laurel, city officials said today.
A groundbreaking ceremony will be held at 10 a.m. Wednesday at the construction site at 2008 Jefferson St.
The three-story, 50,000 square foot hotel will have 81 guest rooms, including 20 deluxe luxury suites and [...]

The desperation buying after Hurricane Katrina in 2005 is over, but the real estate market in Tangipahoa Parish still sizzles.
More than $500 million in real estate transactions were recorded in 2006 for the parish and a small part of eastern Livingston Parish.
A total of 1,296 building permits for single-family homes for the rural areas were [...]

LAS VEGAS Gambling giant M-G-M Mirage says its fourth-quarter profit more than doubled on a fully operational Beau Rivage casino, profits from condominium sales and Hurricane Katrina insurance recoveries.
Net income jumped to 201.6 (M) million dollars — or 69 cents per share.
That compares with 97.8 (M) million dollars or 33 cents per share during the [...]

Mayor A.J. Holloway on Monday vetoed the Biloxi City Council’s decision to grant a height variance for a 29-story condominium building in west Biloxi.
“I think the public is telling us that this project seeks too much of a variance over the existing 175-foot ceiling,” Holloway said.
The City Council last week approved a waiver for the [...]

The city’s public housing agency plans to ask a judge to bar anyone from entering projects without permission and will file claims against some who are trying to avert the buildings’ demolition.
Officials say damage from Hurricane Katrina has left thousands of apartments in housing projects unsafe.
Yesterday, attorneys for the Housing Authority of New Orleans e-mailed [...]

The federal government hopes to talk 100 of the country’s top firms into bringing 100 jobs each to New Orleans to help the city recover from Hurricane Katrina, the head of the federal recovery operation said.
The object is to help rebuild the city’s middle class, Donald Powell, the Federal Coordinator for Gulf Coast Rebuilding, told [...]