Economic Outlook Part I: The challenges ahead for 2024 | Jax Daily … – Jacksonville Daily Record

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 […]

Saxum Real Estate continues filing plans for more than 800-acre … – Jacksonville Daily Record

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 […]

Hot times for cold storage in Northeast Florida | Jax Daily Record – Jacksonville Daily Record

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 are more costly than ever in Northeast Florida – Jacksonville Today

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) […]

Top Industrial Leases Recognized for Jacksonville (Florida) – CoStar Group

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 […]

Nonprofit developer buys affordable housing in Arlington – Jacksonville Today

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. […]

This Week in Jacksonville: Business Edition, the real estate market – WJXT News4JAX

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 […]

The Ins and Outs of Jacksonville’s Real Estate Market – Devdiscourse

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. sees opportunity in competitor’s … – Jacksonville Daily Record

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 […]

Wade Powers: The industrial market: Why it’s still safe bet in region … – Jacksonville Daily Record

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 […]

Summer showed spurt in permitting | Jax Daily Record – Jacksonville Daily Record

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 […]

GuideWell reaches $30 billion in revenue; ICE: Black Knight deal … – Jacksonville Daily Record

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 […]

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