Monthly Archives: November 2013

Microsoft has a bricks and mortar location on the First Coast

Microsoft now has a bricks and mortar location on the First coast. The store is now officially open for business at the St. Johns Town Center just in time for the holiday season. The store opened for business Friday, Nov. 22nd, a few weeks following the opening of Nordstrom Rack. Later this week, highly anticipated Moxie Kitchen + Cocktails is scheduled to open for business at the Town Center.

http://m.bizjournals.com/jacksonville/news/2013/11/22/thousands-of-techies-gamers-turn-out.html?r=full

Walgreens opens nation’s first net zero energy store

Very interesting… Walgreens opened what is believed to be the first “net zero energy” retail store in the US. The store is located in Evanston, Ill. and features (among others special features) two wind turbines, 850 solar panels and a geothermal system that is buried 550 feet underground. Estimates show that the store will use 200,000 KWH of electricity per year, while it produces about 220,000 KWH annually.

Walgreens opens nation’s first net zero energy store | Chain Store Age.

Jacksonville’s September, October unemployment numbers (finally) released

The federal shutdown kept Florida’s unemployment figures from being released until just now. Below is a summary. All counties around Jacksonville show improvements. View more: http://m.bizjournals.com/jacksonville/news/2013/11/22/jacksonvilles-september-october.html?r=full

  • Baker: 5.7 percent in October; 6.2 percent in September
  • Clay: 5.7 percent in October; 5.9 percent in September
  • Duval: 6.4 percent in October; 6.8 percent in September
  • Nassau: 5.5 percent in October; 5.8 percent in September
  • St. Johns: 4.9 percent in October; 5.2 percent in September

REIT Investors, Analysts Debate Potential Impact from Expected Tapering, Higher Interest Rates – CoStar Group

Interesting article about the impact of increasing interest rates from the REIT perspective.

REIT Investors, Analysts Debate Potential Impact from Expected Tapering, Higher Interest Rates – CoStar Group.

Shoppes On Riverside coming to Brooklyn Area

Shoppes On Riverside coming to Brooklyn Area

Proposed Site Plan released from Regency Centers

Its Official… Shoppes on Riverside coming to Brooklyn Area

More exciting news for Brooklyn/Riverside area- Shoppes on Riverside to be anchored by Fresh Market. Preliminary Site Plan unveiled.

“‘Urban infill is going to happen here, and we’re just excited to be a part of it,’ said Regency Centers’ CEO Martin ‘Hap’ Stein. ‘As the city continues to grow, and grow both in population and grow in sophistication, we’ll get the benefits from that growth — jobs will come here, and it will continue to happen here.'” Jacksonville Business Journal

View the proposed site plan here: http://hosted-p0.vresp.com/457050/273be17a1a/ARCHIVE

Colliers 2014 Global Investor Sentiment Report is Now Available

According to the report…”High global investor confidence fuels plans to expand, particularly in safe-haven cities”.

Some surprising insights from the report:

  • 70% of all respondents worldwide plan to expand their property portfolios.
  • US investors are most ambitious on an international front.
  • Globally, there is strong demand amid greater levels of risk tolerance.
  • Canadian property investment in the US continues to surge.

To read the full report, click here

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

Market Trend: Jacksonville’s Office Deliveries, Construction and Inventory – CoStar Group.

According to CoStar Data, Jacksonville’s Office Deliveries for 2013 were as follows:
During Q3, 2013- three buildings totaling 14,902 square feet
During Q2, 2013- three buildings totaling 51,211 square feet
During Q1, 2013- one building totaling 6,390 square feet

According to CoStar Data, there was 98,523 square feet of office space under construction at the end of Q3, 2013. This includes a 93,750 square foot building on Max Leggett Parkway and a 4,773 square foot building on Blanding Boulevard. Both of these two projects are 100% pre-leased.

Some of the most notable 2013 deliveries include: 7826 Ozark Dr, a 31,650-square-foot facility that delivered in second quarter 2013 and is now 100% occupied, and 1865 Lime St – Phase 2, a 11,300-square-foot building that delivered in second quarter 2013 and is now 81% occupied.

REIT Investors, Analysts Debate Potential Impact from Expected Tapering, Higher Interest Rates – CoStar Group

View the full CoStar article here: REIT Investors, Analysts Debate Potential Impact from Expected Tapering, Higher Interest Rates – CoStar Group.

QR Capital Sells 186-Unit Multifamily Community at $35k/u – CoStar Group

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

“Eagles Pointe Apts. is a 186-unit, 22-building apartment complex located at 3501 Townsend Blvd. The building was constructed in 1972 and sits on an 11.68 acres site in the Arlington submarket. The property traded with 92% occupancy.”

For the full story, visit the link below

QR Capital Sells 186-Unit Multifamily Complex in Jacksonville – CoStar Group.