Jacksonville Business News
BUSINESS NEWS
Bank of America Unveils Major Renovation Plans in Jacksonville
News Summary Bank of America is set to invest $6.48 million in renovations for its Jacksonville Operations Center located at 9000 Southside Blvd. The renovations, led by Marand Builders Inc.,...
Leadership Changes at Colliers in North Florida
News Summary Colliers U.S. has appointed Courtland Eyrick as the new Managing Director for North Florida, overseeing brokerage operations in Jacksonville and Gainesville. With over 25 years in commercial real...
Jacksonville’s New Connected Learning Center Opens for Community Education
News Summary AT&T has opened its first Connected Learning Center in Jacksonville at The Corner at Debs Store, aimed at improving internet access and educational resources for the Eastside community....
Pearl Square Project Set to Transform Downtown Jacksonville
News Summary The Pearl Square project in Downtown Jacksonville is progressing with a $10.52 million retail development that aims to revamp the area into a community hub. Construction will create...
Florida’s Housing Market in Turmoil: Rising Costs Hit Residents Hard
News Summary Florida’s housing market is facing a significant crisis as costs soar, impacting residents’ affordability. With home prices reaching an average of $393,500 and growing insurance premiums, many are...
Jacksonville’s Supermarket Transitions: Southeastern Grocers Restructures
News Summary Southeastern Grocers LLC undergoes significant restructuring amid changes in ownership and store conversions in Jacksonville. The sale of 400 stores to Aldi U.S. heralds a new era, with...
Jacksonville’s Allstate Campus to Become Affordable Housing
News Summary Jacksonville’s Allstate Campus office park is set to undergo a major transformation into ‘The Pondry’, a new community featuring multifamily housing with affordable units. This redevelopment is a...
Renovations Set to Transform Jacksonville’s JAX 2 Fulfillment Center
News Summary Amazon is investing $3.18 million to renovate its JAX 2 fulfillment center in Jacksonville, Florida. The renovations will enhance employee facilities and improve workspaces, including restrooms and break...
Financial Initiative Boosts Myrtle-Moncrief Corridor
News Summary Pinnacle Financial Partners has initiated a financing program to support commercial property owners in Jacksonville’s Myrtle-Moncrief Avenue B Business Corridor. This new funding initiative aims to alleviate financial...
Finance
Bank of America Unveils Major Renovation Plans in Jacksonville
News Summary Bank of America is set to invest $6.48 million in renovations for its Jacksonville Operations Center located at 9000 Southside Blvd. The renovations, led by Marand Builders Inc.,...
Jacksonville’s Supermarket Transitions: Southeastern Grocers Restructures
News Summary Southeastern Grocers LLC undergoes significant restructuring amid changes in ownership and store conversions in Jacksonville. The sale of 400 stores to Aldi U.S. heralds a new era, with...
Financial Initiative Boosts Myrtle-Moncrief Corridor
News Summary Pinnacle Financial Partners has initiated a financing program to support commercial property owners in Jacksonville’s Myrtle-Moncrief Avenue B Business Corridor. This new funding initiative aims to alleviate financial...
Jacksonville’s Record Financial Commitment of $74.1 Million
News Summary Jacksonville is facing a significant budget challenge as it prepares to allocate a record $74.1 million in economic development incentives for the next fiscal year. This financial commitment...
Partnership Aims to Revitalize Jacksonville’s Commercial Properties
News Summary A new partnership between Jacksonville and Pinnacle Financial Partners aims to provide essential support to commercial property owners, particularly in Northwest Jacksonville. This initiative focuses on short-term financing...
Fidelity National Financial’s Stock Soars in Jacksonville
News Summary Fidelity National Financial Inc. has seen a remarkable stock increase of 16%, diverging from a generally declining market. Analysts predict continued growth due to improved housing outlooks, positioning...
Jacksonville Residents Brace for Potential Utility Rate Hikes
News Summary Jacksonville is facing potential utility rate hikes as the JEA Board of Directors meets to vote on proposed increases to electricity, water, and wastewater rates. If approved, the...
Clearlake Capital Group Acquires Dun & Bradstreet for $7.7 Billion
News Summary In a major move for Santa Monica, Clearlake Capital Group L.P. has announced their plans to acquire Dun & Bradstreet Holdings Inc. in a deal valued at $7.7...
Jacksonville Faces Job Cuts as Major Companies Announce Layoffs
News Summary Jacksonville is facing significant job cuts as Wells Fargo and GuideWell announce layoffs affecting employees in the area. Wells Fargo will cut 90 jobs while GuideWell plans a...
CONSTRUCTION
Bank of America Unveils Major Renovation Plans in Jacksonville
News Summary Bank of America is set to invest $6.48 million in renovations for its Jacksonville Operations Center located at 9000 Southside Blvd. The renovations, led by Marand Builders Inc.,...
Pearl Square Project Set to Transform Downtown Jacksonville
News Summary The Pearl Square project in Downtown Jacksonville is progressing with a $10.52 million retail development that aims to revamp the area into a community hub. Construction will create...
Jacksonville’s Allstate Campus to Become Affordable Housing
News Summary Jacksonville’s Allstate Campus office park is set to undergo a major transformation into ‘The Pondry’, a new community featuring multifamily housing with affordable units. This redevelopment is a...
Major Road Improvements Underway in Jacksonville, Florida
News Summary Jacksonville, Florida is undergoing significant road improvements aimed at enhancing transportation. Projects include the widening of major interstates and drainage enhancements on local streets, with expected completion by...
New Mormon Temple Set to Open in Jacksonville
News Summary Jacksonville, Florida is preparing for the construction of a new Temple of the Church of Jesus Christ of Latter-day Saints. The first construction permit was issued in March...
Jacksonville Expands with New Amazon Warehouse Facility
News Summary Amazon is set to open a new 260,970 square foot warehouse in Jacksonville, bringing faster delivery services and job opportunities to the local community. This marks the company’s...
Downtown Jacksonville’s Gateway Jax Development Begins
News Summary The Gateway Jax development is set to transform downtown Jacksonville, starting with Block N11, which will feature 205 apartments and retail space. With a $2 billion investment over...
Gateway Jax Development Begins in Downtown Jacksonville
News Summary Construction has commenced on the Gateway Jax development project in Downtown Jacksonville, set to invest over $2 billion in revitalizing more than 30 acres. Led by Bryan Moll,...
EMCOR Group to Acquire Miller Electric Company
News Summary EMCOR Group is set to acquire Miller Electric Company for $865 million, enhancing its position in the electrical contracting industry. With Miller Electric’s rich legacy and expertise in...
Marketing
GOGO Charters to Launch New Routes in Jacksonville
News Summary Residents of Jacksonville can look forward to GOGO Charters arriving in late 2025, providing two daily bus service routes from Atlanta and Orlando. Featuring amenities like reclining seats...
Jacksonville Transportation Authority Welcomes New Leader
News Summary The Jacksonville Transportation Authority (JTA) has appointed Andrew C. Rodgers as its new Vice President – Chief Infrastructure Officer. With extensive experience in the region, Rodgers will oversee...
Jacksonville International Airport Expands Flight Offerings
News Summary Jacksonville International Airport (JIA) is expanding its flight offerings to meet growing passenger demand. This includes new domestic destinations such as Kansas City, as well as international routes...
Real Estate
Leadership Changes at Colliers in North Florida
News Summary Colliers U.S. has appointed Courtland Eyrick as the new Managing Director for North Florida, overseeing brokerage operations in Jacksonville and Gainesville. With over 25 years in commercial real...
Pearl Square Project Set to Transform Downtown Jacksonville
News Summary The Pearl Square project in Downtown Jacksonville is progressing with a $10.52 million retail development that aims to revamp the area into a community hub. Construction will create...
Florida’s Housing Market in Turmoil: Rising Costs Hit Residents Hard
News Summary Florida’s housing market is facing a significant crisis as costs soar, impacting residents’ affordability. With home prices reaching an average of $393,500 and growing insurance premiums, many are...
Jacksonville’s Allstate Campus to Become Affordable Housing
News Summary Jacksonville’s Allstate Campus office park is set to undergo a major transformation into ‘The Pondry’, a new community featuring multifamily housing with affordable units. This redevelopment is a...
Financial Initiative Boosts Myrtle-Moncrief Corridor
News Summary Pinnacle Financial Partners has initiated a financing program to support commercial property owners in Jacksonville’s Myrtle-Moncrief Avenue B Business Corridor. This new funding initiative aims to alleviate financial...
New Housing Development Proposed in Downtown Jacksonville
News Summary A partnership between Housing Trust Group LLC and Cathedral District Jacksonville has revealed plans for a mixed-income apartment community in downtown Jacksonville. The proposal includes 85 units, with...
Jacksonville’s Record Financial Commitment of $74.1 Million
News Summary Jacksonville is facing a significant budget challenge as it prepares to allocate a record $74.1 million in economic development incentives for the next fiscal year. This financial commitment...
Partnership Aims to Revitalize Jacksonville’s Commercial Properties
News Summary A new partnership between Jacksonville and Pinnacle Financial Partners aims to provide essential support to commercial property owners, particularly in Northwest Jacksonville. This initiative focuses on short-term financing...
Fidelity National Financial’s Stock Soars in Jacksonville
News Summary Fidelity National Financial Inc. has seen a remarkable stock increase of 16%, diverging from a generally declining market. Analysts predict continued growth due to improved housing outlooks, positioning...
