Cologix taps into new lines for massive data bank center in Jacksonville
Sun, 01 Feb 2015 01:31:09 +0000
The expansion of a data center operator in Jacksonville in the past year is an example of how North Florida is becoming increasingly attractive to technology firms.
Cologix Inc.’s acquisitions of other technology firms coincides with a seemingly obscure technological development that could have long-reaching impact for business data and communication transmission between North America and South America.
Roger Bull's Sunday Business Notebook
Sun, 01 Feb 2015 01:30:33 +0000
Padgett Premiere Properties paid $3 million for the nine-story building at 1000 Riverside Ave. in October and already is making changes. What was called the FPIC Building is now becoming Summit Tower.
A $500,000 building permit was issued last week for renovation of the sixth, seventh and eighth floors. Summit Contracting Group, an affiliate of Padgett, will occupy those floors and the penthouse.
The company is moving about 70 employees from the Southside.
It's the Super Bowl of advertising, too
Fri, 30 Jan 2015 22:03:31 +0000
The price for a 30-second spot is higher this year, up $300,000 to $4.5 million. But ads for the Super Bowl are sold out, again.
That means NBC could collect more than $360 million for all those ads.
The ads have long since taken on a life of their own and become as much a part of the day and culture as the game itself. Mean Joe Greene swapping a jersey for a bottle of Coke. A young Darth Vader using the force to start a Volkswagen. Apple’s 1984 blow against Big Brother and “Where’s the beef?”
Swamp Head's new Gainesville brewery is built; grand opening set for Feb. 21
Fri, 30 Jan 2015 20:56:36 +0000
Swamp Head Brewery has completed construction of its new facility in Gainesville and plans a grand opening Feb. 21.
The 13,500-square-foot brewery and new 30-barrel brew system will allow Swamp Head to trip its production to 18,000 barrels a year, with enough expansion room to accommodate 50,000-barrel production.
The new brewery at 3650 SW 42nd Ave. includes a bigger version of its "The Wetlands" tasting room, with two separate bars, a growler filling station, 30 beer taps and larger resrooms.
Duval, Clay stand out as burgeoning housing rental markets
Thu, 29 Jan 2015 21:43:54 +0000
A report that analyzes the best rental markets for investors reveals that Florida has several counties considered especially hot for Millennials – those born between 1977 and 1992 – including Duval County.
RealtyTrac’s Residential Property Rental Report, which was released Thursday, ranks U.S. rental markets based on whether they are heavy with Baby-Boomers, Millennials or members of Generation X, or if they are considered a safe haven for investor cash.
How the Edgewood Bakery relationship with Jaguars owner Shad Khan went stale
Thu, 29 Jan 2015 21:24:24 +0000
Carol Rykalsky fought back tears several times as she talked about the dream of running Edgewood Bakery in Jacksonville’s Murray Hill neighborhood.
Less than a year after she and her husband, Tom, bought the bakery, which has been operating since 1947, with the help of Jacksonville Jaguars owner Shad Khan, Carol Rykalsky said the experience has turned into a nightmare. At the bakery Thursday on Edgewood Avenue, the eve of a court hearing that could decide the future of the business and who runs it, Carol Rykalsky said her future appears painful.
San Pablo apartments sell for $56.6 million
Thu, 29 Jan 2015 20:10:50 +0000
The Seagrass Apartments on San Pablo Road have been sold for the second time a little more than a year.
A South Carolina firm under the name Seagrass Apartment Complex Operating Co. LLC paid $56,628,000 for the 397-unit complex. Mesa Capital had paid $35.6 million for it in November 2013 before the complex was finished.
Mesa completed construction and Brian Moulder, the senior vice president of commercial broker CBRE who handled both sales, said the complex is 96 percent occupied.
Roger Bull: (904) 359-4296
$7 million renovation expands Brumos Lexus of Jacksonville
Thu, 29 Jan 2015 18:21:20 +0000
By Dan Scanlan
A $7 million renovation that almost doubled the size of Brumos Lexus of Jacksonville with more service bays and a car wash was celebrated with a grand opening Wednesday.
Begun in April 2013, the project at 10259 Atlantic Blvd. included demolition of the 42-year-old used-vehicle sales building next door and upgrades to the Brumos Collision Center behind it.
Thu, 29 Jan 2015 16:39:04 +0000
Beaches Business Association, noon, Jacksonville Beach Public Golf Course clubhouse, Penman Road. Speaker: Ken Jefferson, crime analyst for News 4 Jax, on Crimes Against Businesses in Duval County $8, lunch. (904) 476-0607 or bbajax.org.
Arlington Breakfast Networking Group, Jacksonville Real Estate Investors Association, 9 a.m., Cracker Barrel Restaurant, 438 Commerce Center Drive, Southside Connector, across from Lowe’s. (888) 545-7342 or jaxreia.org.
Saratoga Lake will once again feature a scenic view
Wed, 28 Jan 2015 22:02:55 +0000
Dear Call Box: Why are they draining a lake on University Boulevard, just north of its intersection with Atlantic Boulevard? It has lots of ducks and is a beautiful lake that’s been there for a long time.
Dear Call Box: I was driving along University Boulevard North when I noticed they were dredging a lake near the new bridge that’s being built from Arlington to the Southside. What can you tell me about it?
Jacksonville-based Rayonier Advanced Materials reports fourth-quarter loss
Wed, 28 Jan 2015 21:14:48 +0000
Rayonier Advanced Materials, which spun off from Rayonier last year, reported a net loss of $23 million or 55 cents a share for the fourth quarter. For the full year, the company reported a net income of $32 million or 75 cents a share.
The Jacksonville-based company, which makes specialty cellulose fibers out of wood, had sales of $248 million in the fourth quarter, compared to $282 million in the fourth quarter of 2013.
The problem, President and CEO Paul Boynton said, was simply supply and demand.
EverBank reports earnings increase despite decline in total income
Wed, 28 Jan 2015 19:53:38 +0000
EverBank Financial Corp. reported an 8 percent increase in earnings from 2013 to 2014, despite an almost 15 percent decline in total income.
The Jacksonville-based bank also boosted the volume of loans it originated by 12 percent between fourth quarter 2013 and 2014, according to an SEC filing posted Wednesday.
That includes a 20 percent increase for commercial loans, which CEO Rob Clements said the company has been focusing on because they have higher yields and are less prone to cyclical downturns than consumer loans.
12-story condo tower planned at Marina San Pablo with unit prices up to $2 million
Wed, 28 Jan 2015 17:59:37 +0000
Eight years ago, The Marina San Pablo tower sold out immediately, all 56 condominium units. Another condo tower was planned right next door. But then the housing market crashed and that land has sat empty since then.
Now a new condominium project has been announced for that site just off the Intracoastal Waterway near San Pablo Road and J. Turner Butler Boulevard.
Called Aphora at Marina San Pablo, it’s planned for 12 stories and 57 residences with prices $600,000 to $2 million. It will be waterfront within the marina and is being developed by Bove LLC and Remi Properties.
Florida Retail Federation withdraws suit against rule that allows breweries to sell their own beer
Tue, 27 Jan 2015 21:30:18 +0000
Last updated at: 1/31/2015 11:15:14 PM ET
A retail group has withdrawn its challenge to the state rules that permit breweries to sell their own beer. The Florida Retail Federation had filed a lawsuit to challenge the way the Department of Business and Professional Regulation issues licenses allowing craft breweries to sell their beer in tap rooms.
That rule dates back to the 1960s when Anheuser-Busch owned Busch Gardens and got permission to sell its beer there because it’s a tourist attraction.