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U.S. Air Force Awards Bomber Contract To Northrop Grumman

The pentagon has awarded the manufacture of the next generation stealth bomber to Northrop Grumman. Although the new bombers are being built in southern California, this decision is expected to have a significant economic impact on Brevard County. Local leaders are expecting Northrop Grumman to invest another $500 million in facilities, and add up to …

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Water transportation - Cruise ship

Disney bases 3 ships at Port Canaveral in early 2017

Disney Cruise lines is expanding its presence at Port Canaveral. As of early 2017, there will be three Disney ships calling the port home. Disney Fantasy will continue to sail seven-night Caribbean cruises. Disney Dream will have three and four night Bahama cruises. And beginning on January 29, 2017, Disney Wonder will begin sailing out …

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port Canaveral Commercial property

Port Canaveral named top cruise port

Cruise Critic, a subsidiary of tripadvisor.com, has named Port Canaveral as North America’s best home port for 2015. Besides the proximity to Orlando’s theme park, the site mentioned other reasons for its ranking: beaches, a campground, oceanfront dining, and a new Exploration Tower. They also mentioned its efforts to expand its facilities and promote increased …

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Help wanted sign

Jobless Rate

More people in the labor pool means more people without a job. The labor force rose by 1,069 people of the month from June to July. During that same time span, 689 people joined the ranks of the employed, while the number of unemployed rose by 380. The July jobless rate stood at 6.1 percent …

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Palm Bay Mayor election, 2016

Battery Company

Oakridge Global Energy Solutions Corp has cleared another hurdle in its plans to open 230,000 square foot manufacturing facility at the site of the former MC Assembly building on Kirby Circle. The Palm Bay City Council has followed the lead of Brevard County by unanimously approving a tax break of $11.95 million. The tax breaks …

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USSSA Space Coast Stadium - United States Specialty Sports Association

Sports Deal

Brevard County has finalized an agreement with the U.S. Specialty Sports Association, a youth sports organization that will bring tournaments to the Space Coast Stadium in Viera. The 20 year agreement will bring at least 175 days a year of sports events, baseball and softball. The Washington Nationals major league baseball team currently has their …

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Flood - Floodplain

Economic Review

According to the office of Economic and Demographic Research within the Florida Legislature, Florida’s growth rates continue to show progress, but “will take another year to climb completely out of the hole left by the recession”. Although Brevard County’s employment rate is lagging behind the rest of the state, other areas of Brevard’s economy are …

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Battery charger - Image

Tax Breaks

Brevard County has conditionally approved tax breaks for Melbourne-based Oakridge Global Energy Solutions Corp., a manufacturer of lithium batteries. The company is hoping the tax breaks will allow it to move into the former MC Assembly building on Kirby Circle in Palm Bay. They currently have 25 employees, but are expecting to expand to 1,000 …

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Harris Corporation

There was relief as Brevard County’s largest private sector employer confirmed that it will keep its headquarters in Brevard County. It was uncertain if the company would remain headquartered in Brevard, or move to McLean Virginia. While the move would have directly affected only the 400 Corporate employees, it would have left the status of …

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Property Values Rise

Brevard County’s total taxable property values are expected to jump 5.9 percent from 2014. The figures come from the Brevard County Property Appraiser’s Office, and they show significant gains in residential and commercial taxable property values in each of the county’s municipalities and in the unincorporated parts of the county. It’s the third straight year …

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Noteworthy Transactions

NOTEWORTHY RETAIL LEASE TRANSACTIONS AND/OR CURRENT-FORMER TENANTS Albertson’s Grocery Stores Bealls Department Stores Cingular Wireless Cold Stone Creamery Curves for Women Dominos Pizza E.R.A. Showcase Realty Firehouse Subs Game Stop Goodwill Industries Hair Cuttery (Creative Hairdressers) Jackson Hewitt Tax Services Keller-Williams Realty Harbor Freight Little Caesars Pizza Nature’s Table Café Petsupermarket Pinch-a-Penny Pool Supplies Pizza …

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Welcome John Stevely

JM Real Estate, Inc., announces that John Stevely, MAI has joined the JM team. Mr. Stevely comes to JM with an extensive background in commercial real estate, having received the MAI designation from the Appraisal Institute while working as an appraiser/associate with Irwin, StokesRobertson, located in the Orlando area.John has a master’s degree in Business …

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