Jacksonville shipping authorities say Puerto Rico financial meltdown unlikely to impact interests there
Sat, 04 Jul 2015 21:12:10 +0000
As Puerto Rico’s financial woes continue to deepen each day, many in Jacksonville’s shipping and port industries are watching the crisis unfold with keen interest.
“We have always viewed Puerto Rico as a long-term proposition for us,” said Brian Taylor, CEO of JaxPort. “It is a trade that has 3.6 million people that consume goods of which 95 percent of them arrive by maritime transportation.”
The U.S. territory’s government is swamped with $72 billion in public debt.
Sunday Notebook: Riverside draws more attention from Miami investor
Sat, 04 Jul 2015 20:10:19 +0000
Miami real estate broker and investor Jeff Morr continues to buy up little chunks of Riverside. In April he bought the office building at 2008 Riverside.
In the last couple of weeks he added the four-store building at 813 Lomax St. and the Fans and Stoves Antique Mall building at 1059 Park St., paying $475,000 and $1,250,000, respectively.
The Lomax Street strip has three tenants: Hair Peace, Sin City Smoke and Bakery Ribault, which hasn’t opened yet. Bakery owner Alex Podlyas said the change in ownership slowed him down, but he’s still expecting to open this summer.
Mike Davidson Ford becomes a Coggin
Thu, 02 Jul 2015 20:30:53 +0000
Mike Davidson Ford is now part of Coggin Auto Group
Asbury Automotive Group of suburban Atlanta, which owns Coggin, paid $13 million for the Atlantic Boulevard dealership and its body shop on Mill Creek Road.
The 80-year-old dealership generates about $90 million a year in revenues and has already been rebranded as Coggin Ford.
It joins six other Coggin dealerships in Jacksonville with a seventh in St. Augustine.
Asbury has not responded to the Times-Union’s questions about changes and impact of the sale.
Channel 4 to launch Jacksonville arts & entertainment show in fall
Thu, 02 Jul 2015 17:24:42 +0000
WJXT TV-4 will be adding new locally generated programming in the fall and it will be aimed directly at the arts and entertainment community.
WJXT General Manager Bob Ellis confirmed Thursday to the Times-Union that hiring is already underway to bring on more on-air and production personnel to generate the show. Ellis acknowledged the program is still in the planning stages but it will reflect the television station’s claim that it is “The Local Station.”
Solid hiring, lower U.S. unemployment rate, but wages flat
Thu, 02 Jul 2015 15:41:45 +0000
WASHINGTON — U.S. employers added jobs at a solid pace in June, and the unemployment rate fell to 5.3 percent, a seven-year low. But wages failed to budge, and other barometers of the job market painted a mixed picture.
The economy gained 223,000 jobs last month, and the unemployment rate fell from 5.5 percent in May, the Labor Department said Thursday. But the rate fell mainly because many people out of work gave up on their job searches and were no longer counted as unemployed, which may reflect rising discouragement.