Bay County Market Comments for Lynn Haven, Panama City, Panama City Beach

The St. Joe Co. has hired CB Richard Ellis Group, Inc. to assist with selling or leasing more than 1,000 adjacent to the new Northwest Florida Beaches International Airport for commercial development as reported from the Dow Jones Newswires.

The article further states: The company has been hurt by the housing downturn in Florida, which had been one of the hottest real-estate markets in the country. In 2008, St. Joe shut its home-building operations, slashed its work force to 200 from 1,500, and outsourced management of its hotels, golf courses and marinas.

The full article can be found here: St. Joe Acreage