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JU Starts Work on New $8M College of Health Sciences Building

JU Starts Work on New $8M College of Health Sciences Building

As part of Jacksonville University’s $85 million ASPIRE campaign, work will soon start on the College of Health Sciences’ new building, meant to address the growing need of JU’s health sciences programs.…

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Microsoft to Create its First Retail Store in St. Johns Town Center in Jacksonville

Microsoft to Create its First Retail Store in St. Johns Town Center in Jacksonville

Rumors that Microsoft will build its first Jacksonville-area retail store have just been confirmed.…

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Liberty Property Trust Obtains LEED Certification for Property in Jacksonville

Liberty Property Trust Obtains LEED Certification for Property in Jacksonville

Liberty Property Trust has proudly announced that its 7259 Salisbury Road building has earned LEED certification from the U.S. Green Building Council (USGBC) under the New Construction™ rating system.…

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Centerline Funds $6.7M Fannie Mae Loan for Jacksonville M-F Property

Centerline Funds $6.7M Fannie Mae Loan for Jacksonville M-F Property

The 136-unit Pinewood Pointe Apartments has recently been refinanced by a $6.75 million Fannie Mae fixed-rate, affordable loan provided by Centerline Capital Group—a subsidiary of Centerline Holding Company.…

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Public-Private Partnership to Add ‘Central Park’ to Brooklyn, Jacksonville Development

Public-Private Partnership to Add ‘Central Park’ to Brooklyn, Jacksonville Development

A public-private partnership is looking to bring a signature park to historic Brooklyn and to increase the quality of life for residents of the city; Mayor Alvin Brown and Jen Jones—executive director of Jacksonville Unity Plaza Inc.—accepted the deed to the premiere ‘central park’ for Jacksonville at the construction site…

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Improving Jacksonville Industrial Market Attracts 1M SF Distribution Center

Improving Jacksonville Industrial Market Attracts 1M SF Distribution Center

Since the Jacksonville Business Journal first reported that a mystery firm is looking to develop a one million-square-foot distribution/warehouse center to the St. Johns Water Management District, this has been the talk of the entire local commercial real estate community.…

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Nordstrom Adds 35K SF Rack Store to Local Retail Options in Jacksonville

Nordstrom Adds 35K SF Rack Store to Local Retail Options in Jacksonville

After last year’s announcement that Nordstrom will be opening a 124,000-square-foot, two-level full-line store at St. Johns Town Center, the fashion retailer is now also planning a 35,000-square-foot Nordstrom Rack store at The Markets at Town Center in Jacksonville. The opening date has been set for fall 2013.…

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Omni Amelia Resort Unveils Outcome of Massive $85M Renovation

Omni Amelia Resort Unveils Outcome of Massive $85M Renovation

Omni Amelia Island Plantation Resort has opened its doors on March 5 to unveil the massive $85 million renovation that consisted of both extensive remodeling work on the entire building and the addition of 155 rooms.…

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NorthMarq Arranges $11.1M Mortgage for Two Orange Park M-F Properties

NorthMarq Arranges $11.1M Mortgage for Two Orange Park M-F Properties

Real estate financial intermediary NorthMarq has recently arranged a combined acquisition financing of $11.1 million two multifamily properties located in Orange Park, Florida. Financing was based on a 10-year term and a 30-year amortization schedule and was arranged for the borrowers…

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Rosemont Realty Adds 288KSF Office Complex for $31.75M

Rosemont Realty Adds 288KSF Office Complex for $31.75M

Marking its fifth Florida acquisition, Rosemont Realty, LLC has recently purchased the three-building Concourse office complex in Jacksonville. According to Financial News & Daily Record, the company—which specializes in commercial real estate acquisition and asset management—paid $31.75 million for the 288,147-square-foot property.…

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Parkway Agrees to Pay $130M for Flagler’s Deerwood Office Portfolio

Parkway Agrees to Pay $130M for Flagler’s Deerwood Office Portfolio

Continuing its recent buying spree, Orlando-based Parkway Properties is now eyeing a one million-square-foot office portfolio in the Deerwood submarket of Jacksonville, Florida. The company has entered into a purchase and sale agreement to acquire eight office properties from Flagler for $130 million or $128 per square foot.…

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FFG Expands Downtown Footprint, Signs 38K Lease in SunTrust Tower

FFG Expands Downtown Footprint, Signs 38K Lease in SunTrust Tower

Financial services corporation Foundation Financial Group is pursuing its aggressive development goals by increasing its presence in downtown Jacksonville. According to a recent announcement, the company has recently signed for 38,000 square feet in the SunTrust Tower, which will accommodate about 150 people per floor.…

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