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New York-Based Investor Buys Four-Building Office Complex for $29.6 Million
New York-based investment firm Rose & Berg Realty purchased the Summit at Southpoint Office Complex in Jacksonville, Florida for $29.55 million, or about $113 per square foot. Rose & Berg acquired the four-building campus from Bluerock Real Estate...

Mayo Clinic to Double Size of Phoenix Campus, Expand Florida Medical Center
Mayo Clinic is adding 1.3 million square feet to its campus in Phoenix's Paradise Valley. Nonprofit medical provider The Mayo Clinic plans almost $800 million in construction projects at its two major Arizona and Florida campuses, including almost doubling...

Sears to Sell Three Florida Stores, Distribution Center
The Sears store in Daytona Beach, Florida, is one of three being listed for sale. Sears Holdings is unloading 2.35 million square feet of real estate across Florida, including the state's largest industrial building, as the struggling national retail...

Silverman Joins Prime Realty as Associate Director
Jayna Silverman was hired as an associate director for Prime Realty, Inc., a Jacksonville, Florida-based brokerage firm. In her new role, Silverman will predominantly focus on office and multifamily property sales and leasing across Northeast Florida...

Memphis-Based Folgeman Teams Up with Dallas Investor to Buy Apartments in Florida, South Carolina
Memphis, Tennessee-based multifamily investor Fogelman Properties teamed up with investment firm Thackeray Partners to buy two apartment complexes across the Southeast in two separate transactions totaling $67 million. The two properties the joint...

Prime Realty Promotes Clark to Senior Vice President
Jacksonville, Florida-based brokerage firm Prime Realty promoted Matthew Clark to senior vice president. Clark focuses on third-party leasing and marketing for retail, office and mixed-use developments, site selection for regional and national tenants...

Medical, Educational and Religious Uses Fortify Southeastern Shopping Centers
Alex Munoz, managing director with Atlanta-based retail real estate firm, The Shopping Center Group. Courtesy: The Shopping Center Group.On the eve of the International Council of Shopping Centers' Florida conference, an expert who oversees 360 properties...

Lowe’s to Close All 99 Orchard Hardware Stores
Lowe's will close all Orchard Supply Hardware stores by the end of February. Lowe’s Cos. said it will close all Orchard Supply Hardware stores nationwide in the wake of stagnant sales as the retailer embarks on a review of its real estate portfolio...

Jacksonville’s Economy Brings the Heat
Northern Florida is having a bit of a moment. The two strongest jobs markets in the nation, among markets with at least 1 million people, are Orlando and Jacksonville. Both metropolitan areas have come into their own this cycle with job growth topping...

Myers Apartment Group Pays $50.7 Million for 260-Unit Portiva in Jacksonville
West Palm Beach, Florida-based Myers Apartment Group purchased the 260-unit Portiva multifamily complex from the property’s developer, Birmingham, Alabama-based Liv Development LLC. Myers Apartment Group also secured a $36.2 million acquisition loan...

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