|
|
Jacksonville Florida Real Estate
Source: Florida East Coast Industries, Inc.
ST. AUGUSTINE, Fla., Nov. 16 /PRNewswire-FirstCall/ -- Florida East Coast Industries, Inc. (NYSE: FLA - News; FECI), Board of Directors declared a quarterly dividend of $.07 per share on all issued and outstanding common stock, payable on December 14, 2006 to all shareholders of record as of November 30, 2006. Florida East Coast Industries, Inc., (FECI) headquartered in St. Augustine, FL, conducts operations through Flagler Development Group (Flagler) and Florida East Coast Railway, L.L.C. (FECR). FECI conducts its real estate operations through Flagler which owns, develops, leases and holds in joint ventures approximately 8.8 million square feet of Class-A office and industrial space, as well as an additional 1,056,700 square feet under construction. Flagler space consists of Class-A office and industrial properties, primarily in Jacksonville, Orlando, Ft.
American Realty Advisors Provides Mortgage Financing for St. Johns ...
GLENDALE, CA -- (MARKET WIRE) -- November 16, 2006 -- American Realty Advisors announced today the funding of a loan to finance St. Johns Town Center North, a brand new Class A community shopping center located at the interchange of I-295 and J. Turner Butler Boulevard, at the hub of Jacksonville's high-end retail, office and residential developments. The Property encompasses 98,900 square feet and is located adjacent to the existing St. Johns Town Center, a newly built, mixed-use development. Anchored by one of Florida's dominant grocers, the Property also has three out-parcels ground leased to Sun Trust, AmSouth, and Applebee's. The transaction was executed on behalf of one of American's commingled real estate funds. .
Rayonier Names C. David Brown, II to Board of Directors
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Rayonier (NYSE:RYN) announced today that C. David Brown, II, Chairman of the Florida law firm Broad and Cassel, has joined the Rayonier Board of Directors, effective November 1. Brown joined Broad and Cassel in 1980 and has been Chairman since 2000. As a member of the firm's real estate, land use and environmental law practice groups, his professional focus has been directed at organizing major corporate, real estate and governmental transactions. Brown is on the Board of Directors of Caremark Rx, Inc. (NYSE:CMX) and also is a member of the University of Florida Board of Trustees, appointed by Governor Jeb Bush in 2004. He served on the Florida Transportation Commission for five years, including two as Chairman. A graduate of the University of Florida, Brown has a B.S.
FLORIDA BUSINESS BRIEFS
Jacksonville-based rail operator and real estate company Florida East Coast Industries ( FLA) said third-quarter railway revenues rose 6 percent over last year due to higher prices and fuel charges, and operating profit improved. But CEO Adolfo Henriques warned the housing market slowdown is dampening business, and fewer shipments of automobiles signal reduced sales in that sector. After several years of above-average growth, he expects more moderate growth for the rest of this year and into 2007. The real estate business remained strong, with rental rates and demand rising. In total, company revenues rose to $107 million from $86.7 million last year. Net income was 38 cents per share, up from 32 cents. MORTGAGE FRAUD REPORTS RISE 35% OVER LAST YEAR Bank filings about suspected incidents of U.S.
|
|
