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Kim_Gatley
Kim Gatley
S
enior Vice President & Director of Research at REOC San Antonio

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Bexar County listed among Top 10 Largest Growth Areas in the US

Top10From July 1, 2016, to July 1, 2017, six of the top 10 largest-gaining counties were in Texas — Bexar, Collin, Dallas, Denton, Harris and Tarrant.  Bexar County gained 30,831 new residents marking a 1.6% population increase over the year.

The remaining four counties on the list were Maricopa County, Ariz.; Clark County, Nev.; Riverside County, Calif.; and King County, Wash. Most of the nation’s 3,142 counties grew, with 57 percent gaining in the last year. …Read Entire Post

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Stevens Ranch retail project underway in Far West San Antonio

Stevens-Ranch-Floater-Bldg-with-Center-10-16-17_Scene-6Houston-based Weingarten Realty has started on the 25-acre retail part of the 2,400-acre Stevens Ranch community in the Far West sector. The site will include a 20,000-sf retail shell, five one-acre pad sites, and one 18.3-acre pad site.  Delivery is slated for the fall.

Tenants will include Supercuts, Quarry Nails, and Smilepoint Dental Group. Fulcrum Construction is the general contractor for the project, which was designed by Luna Middleman Architects.

Click here to read the full article: Weingarten Begins Work on 25-Acre Retail Project in San Antonio (Rebusiness Online, 4/16/18)

Singing Hills welcomes Vantage at Bulverde

VantageClick for more information on the mixed-use Singing Hills project in Bulverde.

Industrial park sold in heart of I-35 corridor

Enterprise Industrial Park

Enterprise Industrial Park

Colony Industrial, the industrial real estate arm of Colony NorthStar Inc., has bought the Enterprise Industrial Park for $52.1 million. Enterprise Industrial Park, at 17745 Lookout Rd. in Schertz, consists of two Class A light industrial buildings totaling 639,797 sf.

The buildings are 88 percent leased to nine tenants with a weighted average lease term remaining of 5.3 years. The two buildings, in the heart of I-35’s industrial corridor, neighbor such notable tenants as Amazon.com Inc.’s regional fulfillment center and Caterpillar.

Click here to read the full article: National commercial real estate investor buys industrial properties for $52.1M (San Antonio Business Journal, 4/11/18)

AT&T consolidating services; relocating to San Antonio

logo-att-color-trans-200x200AT&T Inc. is reducing its workforce in Houston and moving those jobs to San Antonio. The move affects 117 call center employees at 9051 Park West Dr. in Houston, and that location will close.

Those employees provide customer retention work to support AT&T’s legacy landline services.  All of the affected employees will be offered jobs in San Antonio, along with a relocation allowance. …Read Entire Post

Eagle Ford Shale Sale

texas_eagle_ford-oil-rigIrving-based Pioneer Natural Resources is selling part of its Eagle Ford Shale land holdings for $102 million. Denver-based Sundance Energy Inc. will buy the 10,200 acres that are valued at roughly $10,000 an acre.

The land is located in Atascosa, La Salle, Live Oak and McMullen counties in the western portion of Pioneer’s Eagle Ford Shale holdings. …Read Entire Post

GrayStreet proposes 20-story hotel and office tower next to the Pearl

Courtesy GrayStreet Partners

Courtesy GrayStreet Partners

Downtown developer GrayStreet Partners has proposed a 20-story hotel and office tower on Broadway that would exceed zoning regulations intended to protect the San Antonio River and would tower over nearby buildings at the Pearl. The 260-foot-tall tower at Broadway and Newell Avenue would be the tallest building along the booming lower Broadway corridor where developers are planning to construct several large-scale projects as the city rehabilitates the thoroughfare with $42 million from a city $850 million bond program that voters approved last year.

…Read Entire Post

CPS Energy to buy old Malibu site

Malibu Castle

Malibu Castle

CPS Energy agreed to purchase the Malibu Grand Prix & Castle site on the North Side for $6.8 million. The 14-acre property will be used to consolidate multiple CPS Energy worksites into one.

The board of trustees voted unanimously to approve the purchase of the property, which sits on the northern edge of the Interstate 10 and Loop 410 interchange.  …Read Entire Post

Registration open for 2018 Outlook for Texas Land Markets conference

The Real Estate Center’s 28th Annual Outlook for Texas Land Markets conference will be April 26-27. Registration is now open.

Experts will cover a variety of legal, economic, social, and natural resources issues influencing current land market dynamics. An optional TREC Legal Update 1 will be offered immediately following the conference.

The conference will be at the Omni Hotel at the Colonnade at 9821 Colonnade Blvd. Registration is $230 through March 26. With the optional legal update, the conference costs $250. After March 26, the price goes up by $20.

Click here for more information:28th Annual Outlook for Texas Land Markets (Real Estate Center, 2/26/18)

SAISD Sells Southtown Land to Pearl Developer

Courtesy Google Maps

Courtesy Google Maps

Broadway SA Investors GP, which developed the Pearl complex, will buy 4.74 acres south of downtown from the San Antonio Independent School District in a $14.5 million deal recently approved by the school board.

Silver Ventures plans to build small-scale residential properties on the parcel at the corner of Lavaca and Matagorda streets and a multi-use development at the eastern corner of East César E. Chávez Boulevard and South Alamo Street. …Read Entire Post