Daily Record Financial News &
Friday, June 5, 2015
Vol. 102, No. 140 • One Section
35¢ www.jaxdailyrecord.com
End of public access shows
City, Duval school system taking over channel on Comcast For 35 years, Dick Kerekes wore a spotted dog suit, hood with ears, collar and mask while reviewing local community theater on public access television. “The Amazing but Humble Watch Hound” is one of the longest-running local access programs in Duval County. But his show, and many others, will soon come to an end. Comcast has notified producers of 60 local programs that effective June 20, the public access portion of the Public, Education and Government Channel 99 will provide only content from the City of Jacksonville and Duval County Public Schools. The canceled shows include “Hispanic Issues Today,” “JaxPort Review,” “Kosher Kowboy,” “Legal Issues Facing Jacksonville,” “Rotary News Network,” and “Understanding Islam.” The city will continue to proA full list of canceled vide live coverage public access shows. of City Council, standing commitPage A-4 tee meetings and other city television programming, including content provided by the Parks, Recreation & Community Development Department and the independent authorities. The public school system will continue to provide live coverage of school board meetings. But the lineup of locally produced programs focused on topics such as music, legal issues, politics, religion and programming for seniors is signing off for the last time. Under the terms of the first franchise agreement between the city and the original cable television provider, the cable company was required to, at no charge, provide and staff a studio for use by the public. The city also was granted use of
What is going on in Hemming Park?
A young girl comes barreling down the stairs at Hemming Park to watch Sam Colella, 14, of Springfield, Va., and Flynn Nyman, 12, of Corvallis, Ore., practice on their extreme pogo sticks Thursday afternoon. The two boys will take part in Pogopalooza today and Saturday. The annual world championships of Xpogo is built around freestyle competition, where riders attempt their best routines on custom courses.
One Enterprise Center foreclosed
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Photo by Fran Ruchalski
By Max Marbut Staff Writer
The 22-story One Enterprise Center was transferred to its lenders in May after a foreclosure sale.
File photo by Karen Brune Mathis
By Karen Brune Mathis Managing Editor Downtown’s 22-story One Enterprise Center, which lost its major bank tenant four years ago, is in the hands of its lenders following foreclosure. A certificate of title was filed May 11 transferring ownership of the office tower to 225 Water Street West Holdings LLC. That company’s sole member is U.S. Bank National Association, the trustee for the lenders. CWCapital Asset Management of Bethesda, Md., was the special servicer. “It was a straightforward foreclosure, no interesting back story,” said attorney Richard Thames of Thames Markey & Heekin in Jacksonville, who represented U.S. Bank. CWCapital Asset Management declined comment. A lawyer for the former owner, HUB OEC Properties LLC, did not respond to an email requesting comment. HUB OEC Properties LLC’s principal address is in Chicago. HUB Properties Trust,
a member of the group, is in Newton, Mass. Plenty of office space is available on the Downtown Northbank. In the first quarter, Central Business District vacancies generally ranged from about 21 percent overall to 26.3 percent specifically on the Northbank, according to real estate firms. And a lot of space is available at One Enterprise Center, a Class A office tower with a 56 percent vacancy rate, according to CBRE Inc. CBRE rents space in the building and serves as its leasing and management firm. It declined comment about plans for the Mathis continued on Page A-2
FIS emerges as possible SunGard buyer By Mark Basch Contributing Writer SunGard filed plans for an initial public offering Wednesday, as expected. But unexpectedly, Jacksonvillebased Fidelity National Information Services Inc. has emerged as a possible buyer of the financial software company before the IPO, according to a Wall Street
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Journal story Friday. The newspaper reported that several companies have expressed interest in buying SunGard, including Fidelity National Information Services, or FIS. The story gave no other details about FIS’ interest, but said a sale agreement would need to be reached before SunGard begins marketing the IPO, likely in September.
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The Wall Street Journal story attributed the information to “people familiar with the matter.” FIS also provides technology services to financial institutions, so SunGard would be a fit for its business. Wayne, Pa.-based SunGard was previously a publicly traded company but was acquired by a group of private equity firms for
$11 billion in 2005. According to its IPO filing, the private equity firms would maintain voting control of the company after the stock sale, but it does not say how much stock would be sold to the public. SunGard, which has about 13,000 employees worldwide, has had operations in Jacksonville since acquiring a local computer services firm called Corbel & Co.
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in 1996. The company has been operating under the name SunGard Data Systems Inc. but filed for the IPO simply under the name “SunGard.” SunGard had revenue of $2.8 billion last year and $671 million in the first quarter this year. mbasch@baileypub.com (904) 356-2466
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