One of Palm Coast’s leading employers is purchased by a Princton, N.J. company November 18, 2006 – Big news for one of Palm Coast and Flagler County’s largest employer. PRINCETON AMREP Corp. (NYSE: AXR) in Princeton has agreed to acquire Palm Coast Data through its Kable Media Services subsidiary for $92 million. AMREP operates in […]
Target Stores is rumored to be coming to the Town Center site on SR 100 just east of Walgreen’s. November 17, 2006 – If you’ve driven along SR 100 west of the High School lately, you will have noticed that the parcel (about 160 acres) just before Belle Terre (behind Walgreen’s) has had a lot of […]
The Publix at the Belle Terre entrance to Town Center plans a Dec. 7th Grand Opening. November 17 – A December 7th opening is planned for a new Publix supermarket located at the primary Town Center entrance at Belle Terre Parkway. Developed by North American Properties, Inc of Cincinnati. It consists of the 80,000 SF Publix […]
National Association of Realtors® Surveys Boomers about retirement and housing plans November 16, 2000 – The roughly 78 million Americans born between 1946 and 1964 were surveyed by Harris Interactive in a study commissioned by the National Association of Realtors®. According to the Associations chief economist, David Lereah, baby boomers "are living longer and are […]
Everyone has noticed how fast the Flagler County real estate market has turned around. What does the market look like now? The inventory of unsold properties has risen sharply in all property categories. The number of potential buyers has shrunk. The number of properties sold is down significantly in all categories. Properties are on the […]
The current downturn in the economy is November 7, 2006 – In a question and answer session at the annual Charles Schwab Impact conference in Washington on November 6th, Alan Greenspan, former Federal Reserve Chairman said "The economy is obviously going through a significant slowing period, which as best I can tell is more than likely […]
November 7th City Council meeting will consider using eminent domain to obtain Rayonier Timberland p October 31, 2006 – The Friends of Golf Steering Committee, a local action group to promote availability of public golf in Palm Coast and Flagler County reports, in an email, that during the November 7th City Council meeting, a resolution will […]
My next move will be in an urn, but not soon. Here’s why we chose Palm Coast. October 30, 2006 – I grew up in Rochester, NY. I had a chance to move south, to Charleston, S.C., in the mid 80’s. In Charleston, I thought I had died and gone to heaven. To see why anyone would want […]
An important component in the price of a home is the value of the underlying land. Actual construction costs can rise for several reasons: General inflation in the economy Shortages of building materials Labor shortages Additional cost of upgrades in building codes Impact fees These all contributed to the run up in home value from 2001 to 2005. […]
Centex Destination Properties sells most of its local holdings. October 6, 2006 – Two days ago, I reported that Ginn had bought his way back into the Ocean Hammock Golf Course. Last night I heard that the deal is much bigger. The Ginn Company is purchasing the Ocean Hammock Golf Course, The Lodge at Ocean […]