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

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Methodist Healthcare buys 24 acres on far West Side

methodist healthcare logoMethodist Healthcare System of San Antonio has purchased 24 acres of vacant land at the crossing of Loop 1604 and Texas 151 on the fast-growing Alamo Ranch area, property records show.

The health care system, which operates more than a dozen hospitals in the area, already owns about 52 acres of vacant land at the intersection that it purchased in 2006. …Read Entire Post

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Christus pursuing regional expansion

christus_logoSan Antonio’s oldest hospital system is moving to add more facilities in this region as it seeks to stay in front of the population growth in and around the nation’s seventh-largest city.

Christus Santa Rosa Health System, which expects to complete work on the $150 million transformation of its downtown campus into the Children’s Hospital of San Antonio by the end of the year, has five free-standing emergency medical centers and is adding two more through the acquisition of a pair of Elite Care facilities. …Read Entire Post

Capital One closing San Antonio-area branches

capital-one-worst-redesign-2008Capital One Financial Corp. is closing its seven San Antonio-area branches in June as part of an ongoing consolidation of its banking network.

The McLean, Virginia, financial institution began notifying customers by mail this month of the impending closings. Federal law requires financial institutions to notify customers and regulators 90 days before closing a branch. …Read Entire Post

CPS Energy to sell riverfront property next to Lone Star Brewery

cps logoCity-owned utility company CPS Energy is selling nearly 12 acres of riverfront property in one of San Antonio’s hottest real estate markets.

The property is at the southern edge of the trendy Southtown neighborhood between the Union Pacific Railroad tracks and the west bank of the San Antonio River where it has 950 feet of frontage. The neighboring property that was once home to the Lone Star Brewery is being transformed into a $300 million mixed-use development that includes entertainment, retail and apartments. …Read Entire Post

Local partnership breaks ground on retail center

Valcor Commercial Real Estate and RFM Commercial took partnership to break ground last week on a 9,100-square-foot development. While that may not seem like much space for such a fast-growing area of San Antonio, there’s a reason the development is taking on a smaller scale — Valcor and RFM were considering their neighbors.

YMCA developed the land and is on an upcoming bond measure that would provide it with the funds to buy another 6 acres adjacent to its now-open facility to develop into sports fields. …Read Entire Post

Santikos sells 81 acres on far West Side

Santikos Enterprises has sold 81 acres of vacant land next to an H-E-B Plus on Potranco Road to a company linked to local developer John H. Roberts, property records show.

The property, just west of the corner of Potranco and Clover Creek roads, is one of the few remaining large patches of vacant land within Loop 1604 on the far West Side, where residential and commercial development is booming. The land is zoned for commercial use. …Read Entire Post

Woodside Capital Partners buys Ashford Oaks tower at Medical Center

The Dallas investment firm has purchased an aging 13-story office tower near the Medical Center with plans to renovate it into top-of-the-line office space. …Read Entire Post

Glazer’s lands buyer for Eastside facility

glazers-logoMultibillion-dollar beverage distributor Glazer’s has landed a buyer for its 111,860-square-foot industrial property in East San Antonio.

The Dallas-based company’s real estate arm, Glazers Real Estate LLC, sold the 3.68-acre property at 3030 Aniol St. to Stream Realty Partners for investment purposes. …Read Entire Post

CaptureRX signals future downtown SA market

capturerxThere were two significant elements of CaptureRx’s deal to move to downtown San Antonio: first, that it would be occupying office space in not one, but two downtown properties; and second, that the city should prepare for these types of large-scale announcements to be made a more often. …Read Entire Post

Brooks City Base plans for 75-acre industrial park

Brooks City Base has brought on Industrial Group Southwest to develop, build and lease the first 350,000-sqaure-foot building, which will precede five others ranging from 40,000 to 600,000 square feet.

Once completed, the Brooks Business Park will span nearly 75 aces at the former South San Antonio military base. …Read Entire Post