Blog

  • shutterstock_242515840-low Look ahead at 2017Derek Gilliam Reporter, Jacksonville Business Journal The commercial real estate market in Jacksonville saw marked improvements in 2016 as rents inched up and vacancy decreased in every major sector. However, no single sector dominated the headlines last year. The industrial developers started speculative development for the first time since the great recession and the emergence […]

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  • 5245 Commonwealth Ave Newmark Grubb Phoenix Realty Group Brokers Sale of 588,000 Sq. Ft. Warehouse in Jacksonville, Fla.Jacksonville, Fla. (July 7, 2016) — Newmark Grubb Phoenix Realty Group (NGPRG) recently completed a $10.5 million sale of a 588,000 square foot industrial facility located at 5245 Commonwealth Avenue, in Jacksonville, Fla. Tower Investments, LLC of Woodland, Calif., purchased the building from FT-WD Property LLC. Formed in 1989, Tower Investments, LLC is a real […]

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  • Three Growth Factors to Consider in Office DesignBy Scott Henley Office design is the great equalizer in the workplace. Unless your team is entirely remote or mobile, your office design will impact your bottom line because it impacts your greatest investment area – human capital.

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  • Why Your Company Should Establish Real Estate Performance Measures TodayBy Scott Henley If your company leases or owns space, it may be time to consider establishing key performance indicators (KPIs), measurable values that demonstrate how effectively your portfolio is performing. Knowing these values, for instance, may help companies discover where they can improve operations or help assess the best locations for moves or acquisitions—often […]

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  • How Employee Productivity Impacts the Open Office Investment TrendBy Scott Henley If your company decides to densify its office space by putting more employees into fewer square feet, make sure you’re in an industry suited to open office plans. The latest research from Newmark Grubb Knight Frank shows that savings achieved as a result of densification may easily be wiped out by a […]

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  • How Major Changes to the Supply Chain Will Transform Corporate Real EstateBy Scott Henley As the supply chain increasingly turns to automation, there will no doubt be an impact on the workforce. In fact, recent McKinsey & Company research suggests as many as 45% of activities individuals are paid to perform can be automated by adapting currently demonstrated technologies, representing about $2 trillion in annual wages. […]

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  • Five Best Practices for Real Estate OptimizationBy Scott Henley When you own or occupy a sizable real estate portfolio, it’s easy for efficiency to get lost in the shuffle—you may be throwing away money that could instead be used to increase your bottom line. In order to keep the portfolio thriving and profitable, it may be time to consider an optimization […]

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  • Rob Whitmire - Portrait Web Rob Whitmire Joins Newmark Grubb Phoenix Realty Group as Senior Vice PresidentJacksonville, Fla. (February 25, 2016) — Rob Whitmire has joined Newmark Grubb Phoenix Realty Group (NGPRG) as Senior Vice President with a primary focus on specializing in retail investment sales representing institutional buyers, high net worth individuals and private investment companies. Prior to joining Newmark Grubb Phoenix Realty Group, Mr. Whitmire was a Partner and […]

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  • SH-RP-Funding RP Funding building out in BaymeadowsBy Karen Brune Mathis, Managing Editor, Daily Record At least $400,000 in renovations are proposed at the Prominence office park in Baymeadows for RP Funding, which intends to open a servicing center that will expand to 150-175 employees. CFO Jon Woods said RP Funding expects a further $100,000 investment in furniture and equipment. He anticipates […]

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  • Dan Stover - Portrait - Web Newmark Grubb Phoenix Realty Group Represents FIDELITONE in 48,000 SF LeaseJacksonville, Fla. (February 24, 2016) — Newmark Grubb Phoenix Realty Group’s (NGPRG) First Vice President Dan Stover represented FIDELITONE in a new 48,000 square foot lease located at 7022 AC Skinner Parkway, Jacksonville, Fla. Dan Santinga of Lingerfelt Commonwealth Partners represented the landlord. FIDELITONE will utilize the space for warehouse storage and distribution. Mr. Stover has a […]

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