AVIATION Mark VanLoh CEO, Jacksonville Aviation Authority Mark VanLoh The primary economic issue is keeping up with the infrastructure needs of airports throughout the country. Nearly every month in 2023 broke passenger records. We can’t build quickly enough to address that growth. On some days every existing gate is occupied by an aircraft, restaurants […]
An almost 3.8 million-square-foot industrial park continues in review for more than 800 acres in North Jacksonville. The St. Johns River Water Management District is reviewing a Nov. 3 environmental resource permit application for the 811-acre Arnold Road Industrial Park by Saxum Real Estate, a privately held investment and development firm that also is completing […]
A $50 million cold-storage project in West Jacksonville will join Jacksonville’s refrigerated-freezer warehouse movement. Karis Cold and DSI South LLC ceremonially broke ground Nov. 9 on the speculative 265,264-square-foot freezer-cooler warehouse, called Jacksonville Cold, on 24 acres at 10105 Pritchard Road in Westlake Industrial Park. “We started this strategy of cold-storage speculative development in 2019 […]
Homes in Northeast Florida are more unaffordable now than they’ve ever been, according to data released this week. Fewer homes are selling; they’re sitting on the market longer; and prices remain high, the Northeast Florida Association of Realtors said in a news release. Jacksonville Today thanks our sponsors. Become one. .mw6s-0.x-section{margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:0px;border:0;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;z-index:auto;}.mw6s-1.x-row{z-index:auto;margin-right:auto;margin-left:auto;border:0;padding-top:1px;padding-right:1px;padding-bottom:1px;padding-left:1px;font-size:1em;}.mw6s-1 > .x-row-inner{flex-direction:row;justify-content:flex-start;align-items:stretch;align-content:stretch;margin-top:calc(((0px / 2) […]
CoStar has introduced a new market-based program recognizing the top sale and lease deals completed each quarter. All deals that closed during the previous quarter are evaluated by CoStar’s research team, the largest professional research organization in commercial real estate. The selected top deals and the real estate firms and individual brokers involved in each […]
A nonprofit housing developer has bought the Riverton Tower Senior Center in Arlington for $500,000. Ability Housing bought the 12-story tower at 5353 Arlington Expressway, which includes 120 units of affordable rental housing for people 62 and older. It once served as the primary campus for Jones College. Jacksonville Today thanks our sponsors. Become one. […]
Published: October 26, 2023, 8:38 AMUpdated: October 26, 2023, 8:45 AM We are talking real estate on This Week in Jacksonville: Business Edition. We sit down with Diana Galavis, President of Northeast Florida Association of Realtors, about the recent shift in real estate. Mortgages rates are high, home prices are stabilizing, so what does this mean for […]
Sitting at the nexus of the St. Johns River and the Atlantic Ocean, Jacksonville, Florida’s most populous city, is a melting pot of cultures, industries, and real estate trends. Its unique geographical location and dynamic community influence a real estate market that both reflects and shapes larger national patterns. In this comprehensive analysis, we dive […]
Rayonier Advanced Materials Inc., or RYAM, held an investor day Oct. 10 at the New York Stock Exchange to highlight its operations. However, a recent action by a competitor was the “top-of-mind issue” for the Jacksonville-based company, according to CEO De Lyle Bloomquist. Atlanta-based Georgia-Pacific announced Sept. 18 it is closing its cellulose products mill […]
Industrial development has been the strongest sector of commercial real estate for some time now. Wade Powers For several years, developers could not build warehouses fast enough to meet demand. With the population staying home during the pandemic, e-commerce exploded, creating the need for more distribution warehouses and faster delivery networks. Capital was cheap and […]
The third quarter was the best in 2023 for single-family house building permits, according to the Northeast Florida Builders Association. The association measures permits in Duval, Clay, Nassau and St. Johns counties. There were 3,488 permits issued July through September compared with 3,230 in the second quarter and 2,384 in the first quarter. That brings […]
River Crossing Strategy Group, a full-service lobbying and public affairs firm with offices in Trenton and Woodbridge, announced this week that it is opening an office in Jacksonville, Florida — one that will be led by the well-known and highly respected Tim White. White, a new Florida resident who has been with RCSG since 2016, […]
GuideWell Mutual Holding Corp., the parent company of health insurer Florida Blue, is the biggest company headquartered in Jacksonville. But as a mutual holding company that doesn’t publicly report financial results, we don’t often have a chance to know how big it is. However, as the company announced the appointment of a new chief financial […]
Dan Reynolds Photography/Getty Images It’s no surprise that Jacksonville, at the northern border of the Sunshine State’s Atlantic coast, is a hotspot for golf and beaches. But it’s also the most populous city in Florida. Yes, Jacksonville is much bigger than Miami, with a much lower cost of living, too — in fact, it ranked […]