Jacksonville

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.

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.

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.

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 of 220 Riverside, a mixed-use development aiming to revive Brooklyn.

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.

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.

Dalfen America Makes Opportunistic Investment in 240,000-Sq.-Ft. Distribution Center

Dalfen America Corp. recently acquired a 240,000-square-foot, Class A distribution center on Jacksonville’s Northside.