Newspaper article The Florida Times Union

Morning Briefs

Newspaper article The Florida Times Union

Morning Briefs

Article excerpt

ADDISON REAL ESTATE PICKS UP AFFILIATION

Addison Commercial Real Estate Inc. has become an affiliate of TCN Worldwide.

The Jacksonville-based brokerage firm recently announced its membership in TCN, a step CEO Duke Addition said was a logical one in its growth.

"We've done work outside North Florida, but now we have the propensity to do more because of all these affiliations," Addison said.

The 14-year-old firm specializes in office, industrial, retail, land and investment sales.

TCN has four other independent commercial real estate firms operating affiliate offices in Florida and a total of 61 offices worldwide.

Liz Flaisig/The Times-Union

WINN-DIXIE ELECTS NEW LEAD DIRECTOR FOR BOARD

Jacksonville-based Winn-Dixie Monday announced that Gregory Josefowicz has been elected lead director by the independent members of the Winn-Dixie Board of Directors.

Winn-Dixie emerged from bankruptcy in November 2006 with a new slate of eight independent directors and new Governance Principles that anticipated the selection of a Lead Director in September.

Josefowicz is the former president, chief executive officer and chairman of the board of directors of Borders Group Inc., the national book, movies and music retail company. In addition to serving on the Winn-Dixie Board, he is a director of Ryerson Inc., Telephone and Data Systems Inc., and PetSmart Inc., where he serves as the lead director.

The Times-Union

MICROSOFT DISCUSSING FACEBOOK INVESTMENT

Setting the stage for a possible bidding battle, Microsoft Corp. is mulling an investment in Facebook Inc. that would value the rapidly growing online hangout at $10 billion or more, according to a report published Monday.

Citing unnamed people familiar with the matter, The Wall Street Journal said Microsoft is holding preliminary discussions that could culminate in a $300 million to $500 million investment in Facebook, a Palo Alto social-networking site founded just 31/2 years ago. …

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