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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 Retail Leases Signed in Q2 2013
The select top retail lease signed during the second quarter
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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