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May 17


Austin real estate round-up: Feb. 9 and St. Joe Declines After Florida Developer Announces Plans to Explore Sale PDF Print E-mail
The 360 Mortgage Group LLC leased 12,573 square feet at the Four Points Centre " a LEED Gold-certified, 333-acre master planned project at the intersection of FM 2222 and RM 620. Britt Reed of Transwestern represented 360 Mortgage Group in the deal. Four Points Centre, which is owned by Thomas Properties Group, was represented by Brett Arabie and Mark Greiner of Oxford Commercial. Enplas Tesco Inc. leased 1,239 square feet at The Terrace at 2801 Via Fortuna Drive. Arabie of Oxford Commercial represented Enplas Tesco in the transaction. The Terrace was represented by David Putman of Aquila Commercial. Four independent sales directors with Mary Kay Cosmetics have signed an 893-square-foot lease for an office condo called The Pink Spot! at 13284 Pond Springs Road, Suite 301. The landlord, Bruno and Lana Lartigue, were represented by Paul Ott of The Paul Ott Co., and the tenant was represented by Victor L. Henry of ESG Realty Advisors LLC. [Read the full article]

Bruce R. Berkowitz, managing member and founder of Fairholme Capital Management LLC. Source: Fairholme Capital Management LLC via Bloomberg St. Joe Co., the Florida developer criticized by hedge-fund manager David Einhorn, fell 7 percent in New York trading after the company said it hired Morgan Stanley to explore a possible merger or sale. St. Joe will consider a new business plan, partnerships, joint ventures, alliances, asset sales and acquisitions, the Watersound, Florida-based developer said yesterday in a statement. The announcement came a month after Bruce Berkowitz and Charles M. Fernandez of Fairholme Capital Management LLC, the company(TM)s biggest shareholder, were named to the board. Berkowitz and Einhorn have placed opposing bets on St. Joe, the largest private landholder in northern Florida. [Read the full article]

The traders are watching a potential battle that’s brewing at land developer St Joe [ JOE 26.70  +0.33 (+1.25%) ]. Get all the details in this web extra. Watch the video now!This content is only available online - you won't find these trades on TV. ______________________________________________________Got something to to say? Send us an e-mail at This e-mail address is being protected from spambots. You need JavaScript enabled to view it and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send those e-mails to This e-mail address is being protected from spambots. You need JavaScript enabled to view it . The traders are watching a potential battle that’s brewing at land developer St Joe [ JOE 26.70  +0.33 (+1.25%) ]. Get all the details in this web extra. Watch the video now!This content is only available online - you won't find these trades on TV. [Read the full article]

The St. Joe Company (NYSE:JOE - News) announced today that it will release its results for the fourth quarter and full year 2010 on February 24, 2011, before the market opens.St. Joe(TM)s earnings press release and supplemental information package will be posted on the Investor Relations section of the Company(TM)s website at www.joe.com.The Company will host a conference call on February 24, 2011 at 10:30 am (EST) to discuss results of the fourth quarter and year ended December 31, 2010. To access the conference call, please phone 866-400-0018 (for domestic calls) or 913-981-5521 (for international calls) approximately ten minutes before the scheduled start time. You will be asked for a Confirmation Code which is: 4761490. St. Joe will also webcast the conference call on the Company(TM)s website. [Read the full article]
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