MONDAY December 21, 2020
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Daily Record JACKSONVILLE
THE MATHIS REPORT
JetBlue to start nonstop service to Los Angeles
Daily Record JACKSONVILLE
Bank of America Tower sold in $75.5 million deal
The airline also will add nonstop flights to Raleigh-Durham, North Carolina.
Daily Record Daily Record JACKSONVILLE
BY MIKE MENDENHALL STAFF WRITER
Hertz Jacksonville One LLC. The Hertz Investment Group, a Californiabased real estate investment and management group that focuses on downtown revitalization, paid $88 million for the property in July 2014. Hertz sold the property for 14% less than it paid six years ago. The Duval County Property Appraiser
JetBlue Airways Corp. will offer nonstop flights from Jacksonville International Airport to Los Angeles International Airport and Raleigh-Durham International Airport beginning in early 2021. The Jacksonville Aviation Authority announced the West Coast and North Carolina state capital destinations in a news release Dec. 17. JetBlue’s daily nonstop service to LAX will start March 4 via a 162-seat Airbus A320, according to JAA. The flights will depart Jacksonville at 5 p.m. and arrive at LAX at 7:49 p.m. local time, according to the news VanLoh release. The JetBlue website shows fares as low as $78 one way. The return flight will depart Los Angeles at 8 a.m. and arrive in Jacksonville at 3:33 p.m. Securing nonstop West Coast destinations has been one of JAA CEO Mark VanLoh’s goals since he was named the administration’s chief executive in November 2018. “We worked 12 years to restore the JAX-LAX route since losing it as a result of the 2008 financial crisis,” VanLoh said in the news release. “Not only is Los Angeles one of our largest unserved destinations, we are one of theirs as well. This is a huge win.” VanLoh said that Northeast
SEE MATHIS, PAGE 3
SEE JET BLUE, PAGE 2
JACKSONVILLE
City of Jacksonville photo
The Bank of America Tower as seen from Klutho Park in Springfield north of Downtown. The 42-story, 617-foot-high building is the tallest in the city.
A New York City-based investor bought the 42-story high-rise Dec. 15.
KAREN BRUNE MATHIS EDITOR
Group RMC of New York City bought Jacksonville’s tallest office high-rise – the 42-story Bank of America Tower – and two other Downtown buildings Dec. 15 for $75.5 million. The other two structures are the adjacent Iberiabank building and a parking garage. Prime Finance Partners of Chicago financed the deal for almost $61.3 million. Group RMC bought the property through Jacksonville Tower Florida Realty LP from
Collins Road land sold for multifamily development Atlanta-based Hathaway Development paid $2.8 million Dec. 11 for a 16.95-acre site in West Jacksonville where it intends to develop a 312-unit multifamily project. The 4851 Collins Road site is less than a mile from Interstate 295 and Roosevelt Boulevard. It is 3 miles from a recently completed I-295 interchange, which provides access to the beltway while avoiding the Argyle Forest and North Orange Park roadways. CBRE Senior Vice President Cliff Taylor and Vice President Joe Ayers represented the seller, Bruce N. Orr, in the transaction.
VOLUME 108, NO. 25 • ONE SECTION