Photo courtesy of Bailey Hurley, Valley News Live

7:36 PM UPDATE: Valley News Live's Bailey Hurley tells WZFG News that the situation in the 900 block of South University Drive is now over. No further information is available at this time.

ORIGINAL: Officers are investigating an armed robbery that occurred in the 1400 block of 14 Avenue South, reported at 1:34 p.m., where the persons involved are known to each other.

A perimeter has been set up around a house in the 900 block of South University Drive where the suspect is believed to be.

No further information is available at this time.