Monthly Archives: January 2014

JAXPort Future: Deepening Shipping Channel and Diversification

JAXPort’s recently released strategic plan includes two primary goals:  deepening the harbor’s shipping channel to allow to 47′ to allow for post-Panamax ships and diversifying its business.  Those diversifying efforts include: 1) a railyard to allow containers to be transferred directly from ships to trains instead of a trucking in-between; 2) being a leader in liquified natural gas distribution and delivery; 3) more trade opportunities with Caribbean and Latin American companies; and, 4) finalizing a plan for its waterfront land in Mayport.  Nate Monroe of The Florida Times-Union has the story.

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

Market Trend: Jacksonville's Retail Vacancy Decreases to 7.4% – CoStar Group.

Aetna Building Trades for $108/SF – CoStar Group

Aetna Building Trades for $55.5 Million – CoStar Group.

For U.S. Office Market, It Was a Very Good Year – CoStar Group

For U.S. Office Market, It Was a Very Good Year – CoStar Group.

Three New St. Johns Town Center Tenants

SJTC announced three new tenants at the upscale lifestyle center, Madewell, a women’s clothing unit of J. Crew; Tervis, the cup/tumbler/drinkware maker; and, Zoes Kitchen.  Roger Bull has the announcement in The Florida Times-Union.

More Apartments On The Way

Two new apartment communities are coming to the JAX, with 290 units at Abess Road just north of Atlantic and east of Kernan Blvd. from Davis Devlopment – after paying about $12k/u; and, Rohdie Group of New York that plans a 308-unit development at Flagler Center in South JAX.  Each are menioned in the Home section of Saturday’s issue of The Florida Times-Union.

2013 Home Sales Up 22%, Median Price up 15%

The Northeast Florida Association of Realtors released their 2013 annual report for 2013; the median price was up 15% to $153,400 and sales volume increased by 4,000 more homes, up 21.7%.  Strongest areas of sales were mostly in the outlying areas of the metro region – Baker County (up 53%), Nassau County (+46%), west Putnam County (+44%), Green Cove Springs (+39%) and Jax Beach (+37%).  Best selling homes were smaller sized ones.  Roger Bull of The Florida Times-Union has the story.

When It Comes To CRE, Banks Prefer to Lend, Not Lease – CoStar Group

When It Comes To CRE, Banks Prefer to Lend, Not Lease – CoStar Group.

Goodbye Building Slump? Construction Optimism Hits Five-Year High – CoStar Group

Goodbye Building Slump? Construction Optimism Hits Five-Year High – CoStar Group.

Oak Hill Village Shopping Center Sells for About $94/SF – CoStar Group

Slate Properties bought the Publix-anchored center from Equity One at about $93/SF, according to Karen Brune Mathis of The JaxDailyRecord.