Panama City Real Estate - St. Joe Co. in the news again…

Panama City Real EstateInteresting article from the Panama City News Herald:

A Fortune magazine article, posted on CNNMoney.com, listed St. Joe Co. as one of its best investment bets in 2008.

The article cited the Jacksonville-based company’s vast Florida real estate holdings, with 710,000 total acres and 310,000 acres 10 miles or less from the coast, as well as what it said was a relatively undervalued stock price.

It also cited a projected 33-percent population increase in Florida by 2020, based on U.S. Census figures, as well as the development of Panama City’ new airport and the area’s better-than-average home sales this year compared to the rest of the state.

This is a preview of Panama City Real Estate - St. Joe Co. in the news again…. Read the full post (140 words, 1 image, estimated 34 secs reading time)

Panama City Real Estate - St. Joe on the move again…

Panama City Real EstateAn article By Jeremy Morrison, Florida Freedom Newspapers reports that St. Joe has requested “various land-use changes, including rezoning, annexing and future land-use map amendments, to several parcels of St. Joe Co. land located along North Star Avenue, south of Nadine Road. ” Read the full article here.

This is very good news as we near the final court battle over the new international airport, scheduled to be decided on December 18, 2007.

If St. Joe is asking for rezoning, they may have plans to either sell the land to developers or develop it themselves.

This is a preview of Panama City Real Estate - St. Joe on the move again…. Read the full post (112 words, 1 image, estimated 27 secs reading time)
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