THURSDAY January 3, 2019
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Daily Record JACKSONVILLE
A TOUGH Daily Record
THE BASCH REPORT
YEAR FOR REGION’S STOCKS
2018’S BIGGEST JACKSONVILLE WINNER AND LOSER Of the 20 publicly traded companies headquartered in Jacksonville, Marker Therapeutics had the highest total return in 2018 (stock increase or decrease plus cash dividends paid) and ParkerVision the biggest decline.
Another prospect for a large warehouse
Hillwood reports unidentified company wants to lease a 1.5 million-square-foot distribution center at Cecil Commerce Center.
Daily Record 41% Daily Record JACKSONVILLE
Marker Therapeutics Inc. jumped 41 percent after merging with Jacksonvillebased TapImmune Inc. TapImmune was the surviving company in the merger but it changed the corporate name to Marker. The company is planning to relocate its headquarters to Houston, but Jacksonville remained the home office for 2018.
BY KAREN BRUNE MATHIS EDITOR
JACKSONVILLE
MARK BASCH CONTRIBUTING WRITER
With the Dow and S&P 500 falling about 6 percent in 2018, the performance of Jacksonville-area stocks also suffered.
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SEE BASCH, PAGE 6
-87%
ParkerVision Inc., a developer of wireless technology, had a disappointing rollout of its new home Wi-Fi product and its pending patent infringement lawsuits against major mobile technology manufacturers remain in limbo. ParkerVision finished the year trading below 20 cents for much of December.
f you’ve been paying attention at all to the stock market in the final weeks of 2018 (and it would be good for your blood pressure if you didn’t), you know it’s been a tumultuous time for your portfolio. The overall market’s worst year since the financial crisis 10 years ago ended with both the Dow Jones industrial average and S&P 500 stock index falling by about 6 percent. The performance of Jacksonville-based stocks reflects the overall market with only six of 20 publicly traded companies finishing with gains in 2018. However, the poor 2018 performance follows a terrific year for stocks in 2017, when both the Dow and S&P 500 indexes rose more than 20 percent. Even if your portfolio lost value in 2018, the
As it prepared to develop a warehouse for Wayfair Inc., Hillwood responded to another prospect this summer seeking a lease for a 1.5 million-square-foot distribution center at AllianceFlorida at Cecil Commerce Center. Boston-based e-commerce home-furnishings retailer Wayfair will lease a 1 million-squarefoot distribution center to be built at the Westside business park. Dallas-based Hillwood told the city Monday it also responded to a request for proposals from the larger prospect, which did not reach any decision about the proposed facility during the reporting period. As the master developer at AllianceFlorida, Hillwood must file quarterly activity reports with the city. The third-quarter report filed Monday was for July 1 through Sept. 30. The large prospect was not identified in the report. Hillwood also did not identify Wayfair in the third-quarter report but said it agreed to letterof-intent deal terms with a confidential prospect seeking to lease a 1 million-square-foot distribution facility. After that, Hillwood and the prospect began negotiating a definitive lease agreement and defining a detailed construction scope for the facility. At the end SEE WAREHOUSE, PAGE 6
ECONOMIC TRENDS
A comeback for frozen foods Acosta’s 2019 insights PAGE 3 VOLUME 106, NO. 33 • TWO SECTIONS