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Homeownership also the newly American dream

Census Bureau: 51.5% of foreign-born residents own a home in U.S. – 59.5% in Fla. It ranges from 63.4% in Jacksonville to 57.5%

Foreclosure inventory falls 10% in one year

Lender Processing Services: November Mortgage Monitor report by Jacksonville-based LPS finds national foreclosure inventory drop

Market Trend: Jacksonville’s Industrial Vacancy Decreases Slightly to 10.1% in Q4 2012

The Industrial vacancy rate in the Jacksonville market area decreased to 10.1% at the end of the fourth quarter 2012. The vacan

Market Trend: Jacksonville’s Industrial Deliveries and Construction in Q4 2012

During the fourth quarter 2012, three buildings totaling 41,808 square feet were completed in the Jacksonville market area. This

Country Inn & Suites Trades for $2.1 Million

Kapil Bavabhai acquired the Country Inn & Suites at 7035 Commonwealth Ave. in Jacksonville, FL, from Navin Patel for $2.18 milli

Equity Residential Traded 2 Multifamilies for $47.5M

Equity Residential sold two adjacent garden-style apartment properties in the Jacksonville, FL, suburb of Orange Park to Tampa-b

Market Trend: Net Absorption Positive 512,271 SF for Jacksonville’s Industrial Market in Q4 2012

Net absorption for the overall Jacksonville Industrial market was positive 512,271 square feet in the fourth quarter 2012. That

Jacksonville Real Estate Brokers Win CoStar Power Broker Awards

The annual CoStar Power Broker Awards have been announced and the winners include several top firms and real estate brokers in J

HGTV giving away home, car and $100K cash

Jacksonville-area buyers could avoid a mortgage altogether. “Smart Home” is 2,400-square feet and comes with a 2013 GMC Denali.

Oviedo mixed-use project underway

LandSouth Construction, a Jacksonville-based general contractor specializing in multifamily housing, has started work on Park Pl

NAI Hallmark Adds to Jacksonville Team

Carmen Mantay joined NAI Hallmark Partners in Jacksonville as a broker. She will specialize in the selling and leasing of medica

Suppy Source leases 69,098 SF In Deerwood Distribution Center

The Supply Source has signed a long-term lease to occupy 69,098 square feet at 8500 Baycenter Road, Jacksonville, FL.

The Deerw

CoreLogic: 2012 big year for home price increases

Prices rose in six Florida cities tracked by the index, varying from a low of 3.5% in Jacksonville to a high of 13.5% in Miami.

Everbank’s Gulliford To Succeed Citrano at CBRE

CBRE’s longtime managing director Jim Citrano went outside the firm to recruit the next leader of its Jacksonville office, selec

169,000 SF Jacksonville Industrial Building Sells for $5M

Compass Rose Foundation, Inc. purchased the property located at 8813 Western Way in Jacksonville, FL from CoFe Properties, LLC f

300,000-SF Jacksonville Industrial Building Trades for $2.9 Mil.

Dupuy Storage Florida LLC purchased 5550 W 5th St in Jacksonville, FL from Zell & Zell for $2.9 million.

The 300,000-square-foo

C2C Solutions is Latest Coup for Downtown Jax

Downtown Jacksonville gained a prime corporate tenant last week after Medicare claims processing firm C2C Solutions announced pl

May sees big drop in mortgage delinquencies

Jacksonville-based LPS: The number of at-risk mortgages dropped 15% since Dec. 2012, and is now at its lowest level in 11 years

Jenks Joins Cushman & Wakefield Jacksonville

Cushman & Wakefield appointed Traci Jenks as a senior director in its Jacksonville office. She joins the office brokerage servic

Market Trend: Jacksonville’s Office Vacancy Decreases to 12.6%

The Jacksonville Office market ended the second quarter 2013 with a vacancy rate of 12.6%.

The vacancy rate was down over the

Everbank Financial Expanding Jacksonville Office Space

Everbank Financial Corp. signed a 62,798-square-foot lease at 301 W. Bay St. in Jacksonville.

Everbank will expand to occupy t

Market Trend: Jacksonville’s Retail Vacancy Decreases to 7.8%

The Jacksonville retail market did not experience much change in market conditions in the second quarter 2013.

The vacancy ra

Jacksonville Industrial Building Sells for $4.7M

Marjam Supply Co. purchased 9444-9446 Florida Mining Blvd. E. in Jacksonville, FL from Industrial Realty Group for $4.7 million,

Market Trend: Jacksonville’s Industrial Vacancy Decreases to 8.9%

The Jacksonville Industrial market ended the second quarter 2013 with a vacancy rate of 8.9%.

The vacancy rate was down over

Saddlebrook Landings Sells in Jacksonville

MLG Capital and Landings Real Estate Group purchased Saddlebrook Landings, a multi-unit residential complex at 3020 Christopher

Market Trend: Jacksonville’s Office Deliveries, Construction and Inventory

During the second quarter 2013, three buildings totaling 51,211 square feet were completed in the Jacksonville market area.

Th

Coldwell Banker Commercial Benchmark Hires Sistare

Coldwell Banker Commercial Benchmark named Joseph “Chip” Sistare III as a sales associate in its Jacksonville office.

As a par

The Markets At Town Center Trades For $135M

Hines Global REIT acquired The Markets at Town Center in Jacksonville, FL from Pinehill Investment Co. for $135 million.

The ni

Market Trend: Jacksonville’s Retail Deliveries, Construction and Inventory

During the second quarter 2013, 11 buildings totaling 83,662 square feet were completed in the Jacksonville retail market.

Ove

Market Trend: Jacksonville’s Industrial Deliveries, Construction and Inventory

During the second quarter 2013, two buildings totaling 92,170 square feet were completed in the Jacksonville market area.

This

Multifamily Asset Trades in East Jacksonville

Michaelson Group Real Estate acquired the Huntington at Hidden Hills in Jacksonville, FL from a joint venture for $12.5 million,

Market Trend: Select Top Three Jacksonville Office Leases Signed in Q2 2013

The select top office lease signed during the second quarter of 2013 in the Jacksonville market was at 100 N Laura St. in the Do

Law Firm Leases Space In EverBank Center

Law firm Liles, Gavin & George is moving its shingle from one downtown Jacksonville building to another.

Currently at 225 Wate

Market Trend: Select Top Three Jacksonville Industrial Leases Signed in Q2 2013

The select top industrial lease signed during the second quarter of 2013 in the Jacksonville market was at 8691 Jesse B. Smith C

Investor Buys 1.51 Acres in Jacksonville Beach

A private investor acquired 1.51 acres of commercial land at 1315 2nd Ave. in Jacksonville Beach, FL for $1.68 million.

The pro

Fort Family Investments Sells Multifamily Property for $33M

Fort Family Investments sold the 260-unit, multifamily property at 13401 Sutton Park Dr. S. in Jacksonville, FL, to Atlanta-base

Supervisor of Elections Takes 50,000 SF in Jacksonville

The Supervisor of Elections leased 50,000 square feet in the industrial facility at 1 Imeson Park Blvd., Building 100 in Jackson

Johnson Development Sells Jacksonville Warehouse for $26.5M

Exeter Property Group, a real estate investment firm out of Pennsylvania, purchased the industrial facility at 9767 Pritchard Rd

Vershave Joins NAI Hallmark Partners

Megan Vershave has moved from Atlanta to Jacksonville to join NAI Hallmark Partners as a broker. In her new role she will focus

AT&T Renews Lease In Bell South Bldg. in Jacksonville

AT&T Wireless renewed its lease at the BellSouth Building, located at 10375 Centurion Pkwy. in Jacksonville, FL.

The BellSouth

Rebounderz Expands to 39,642 SF in Jacksonville

Rebounderz, a state of the art family entertainment center, added 15,700 square feet to its location at 14985 St Augustine Rd. i

Market Trend: Jacksonville’s Vacancy Decreases to 12.5%

The Jacksonville Office market ended the third quarter 2013 with a vacancy rate of 12.5%.

The vacancy rate was down over the p

Private Investor Buys 5990-SF Building in Jacksonville

A private investor acquired a 5,990-square-foot retail building in Jacksonville, FL for $1.3 million, or about $309 per square f

New Owner Closes On Jacksonville Embassy Suites

San Diego-based Prospect Street Hotel Partners purchased a 277-room Embassy Suites Hotel in Jacksonville, FL for $8.8 million, w

Investors bought 14% of U.S. homes in Sept.

RealtyTrac: 62% of Jacksonville sales were all-cash with high number (23%) bought by investors. Miami (69%) and Tampa (62%) also

University Center Trades for $3M in Jacksonville

A West Hollywood property investment firm acquired the approximately 44,000-square-foot retail center located on University Blvd

Trophy Multifamily Asset Sells in Jacksonville for $53.3M

Miami-based Crescent Heights closed on its acquisition of The Strand, a 295-unit apartment building located at 1401 Riverplace B

Hayden Cutler Co. Sells Lem Turner Shopping Center

Hayden Cutler Co. sold the retail property located at 3200 Armsdale Rd. in Jacksonville, FL, to a partnership consisting of two

Market Trend: Jacksonville’s Vacancy Stays at 7.9%

The Jacksonville retail market did not experience much change in market conditions in the third quarter 2013.

The vacancy rate

Jacksonville’s Park View Place Sells for $2.2M

Mandarin Collision Center acquired Park View Place at 6226 Barnes Rd. S. in Jacksonville, Fla. from The Dore Group for $2.2 mill

Sims Crane & Equipment Pays $1.3M for Jacksonville Industrial Site

Sims Crane and Equipment Co., a Tampa-based premier crane and equipment provider, acquired the 7,000-square-foot industrial site

Market Trend: Jacksonville’s Vacancy Decreases to 9.2%

The Jacksonville Industrial market ended the third quarter 2013 with a vacancy rate of 9.2%.

The vacancy rate was down over t

QR Capital Sells 186-Unit Multifamily Complex in Jacksonville

QR Capital sold a multifamily complex in Jacksonville, Fla. to Pacifica Cos. for $6.6 million, or approximately $35,000 per unit

Jacksonville Industrial Bldg. Trades for $3.5M

An affiliate of the Conser Group acquired the 285,000-square-foot industrial building at 8451 Western Way in Jacksonville from D

Market Trend: Jacksonville’s Retail Deliveries, Construction and Inventory

During the third quarter 2013, seven buildings totaling 50,934 square feet were completed in the Jacksonville retail market.

O

George Moore Chevrolet Sells Beach Blvd. Property

TriBridge Residential, a leader in multifamily real estate, purchased the retail property at 711 Beach Blvd. in Jacksonville Bea

Market Trend: Jacksonville’s Industrial Deliveries, Construction and Inventory

During the third quarter 2013, no new space was completed in the Jacksonville market area.

This compares to two buildings tota

Jacksonville Denny’s Changes Ownership

A private investor purchased a Denny’s restaurant located at 8215 Dix Ellis Trl. in Jacksonville, FL. The restaurant was purchas

Year In Review: 2013’s Top CRE News in Jacksonville

CoStar News continued to cover the biggest deals and dealmakers in commercial

Schmidt Investments Sells 9282 Atlantic Blvd.

Sholes Properties purchased the retail building at 9282 Atlantic Blvd. in Jacksonville, FL, from Schmidt Investments for $1.15 m

RealtyTrac: All-cash sales hit new high in Nov.

Fla. led the nation in Nov.: 62.7% of all sales were cash; nationally, it was 42%. Jacksonville and Cape Coral-Fort Myers hot fo

Southeast Rigging Purchases Jacksonville Industrial Bldg

A private investor sold the 40,000-square-foot industrial building at 429 Talleyrand Ave. in Jacksonville to Southeast Rigging f

Market Trend: Jacksonville’s Office Vacancy Increases to 12.7%

The Jacksonville Office market ended the fourth quarter 2013 with a vacancy rate of 12.7%.

The vacancy rate was up over the p

Oak Hill Village Shopping Center Sells for $6.85 Million

Equity One sold the Oak Hill Village Shopping Center at 7628 103rd St. in Jacksonville, FL to Slate Properties for $6.85 million

Market Trend: Jacksonville’s Retail Vacancy Decreases to 7.4%

The Jacksonville retail market experienced a moderate improvement in market conditions in the fourth quarter 2013.

The vacanc

U.S. home flipping up 16% in 2013

Average gross profit: more than $62,000. Jacksonville saw a 92% year-to-year flipping increase, while Tampa saw one of the bigge

Market Trend: Jacksonville’s Industrial Vacancy Stays at 9.2%

The Jacksonville Industrial market ended the fourth quarter 2013 with a vacancy rate of 9.2%.

The vacancy rate was unchanged ov

Multifamily Bldg Trades for $8.7M

Eagle Property Capital acquired Cross Creek at 1441 Manotak Ave. in Jacksonville, FL from Castle Hill Partners for a little more

Lingerfelt To Lease and Manage 2.1 Million-SF Jacksonville Portfolio

A joint venture comprised of South Norwalk, CT-based Greenfield Partners and Somerset Properties out of Ambler, PA, tapped Linge

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