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

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Navistar plans $250M facility in San Antonio

The Illinois-based commercial truck and bus manufacturer recently announced its plans to build a production facility, which is expected to generate about 600 jobs.

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Cibolo is a go – Aisin AW greenlights $400 million project, 900 jobs

The Japanese automobile components and technology company, Aisin AW, has confirmed plans on a $400 million project. This comes at the heels of Toyota Motor Corp. announcement for its $391 million investment in its current San Antonio truck manufacturing plant.

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Toyota expanding manufacturing plant with $391M investment

Toyota plans to upgrade its manufacturing technologies within the plant, and the footprint may expand in some areas as a result. Although no timeline was provided, Toyota estimates its total investment in the plant will exceed $3 billion when complete.

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Windmill Investments purchases Cotter office building portfolio

Alamo Towers

Windmill Investments recently purchased the six-building portfolio and now the company’s founder and CEO, Daniel Carter, says significant changes will start to be seen at the properties.

Windmill Investments began in the Pacific Northwest in the early 1980’s, but a majority of its portfolio today is in Texas, prompting Carter to move its operations to San Antonio.

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Elevated lanes planned for IH-35 expansion

Courtesy TxDOT

The Texas Department of Transportation has unveiled plans for a 20-mile expansion of Interstate 35 that would make part of it a limited-access, non-tolled and double-decked freeway northeast of Loop 410 through Selma and Schertz.

First-phase construction on the $2.1 billion project is slated to begin around spring 2021 with completion expected in 2026 but the final phases have no timetable or dedicated funding yet, agency officials said. …Read Entire Post

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Parking deck planned near Bexar County courthouse

Bexar County Archives Building

Parking for multiple Bexar County facilities downtown will soon get easier.

The county confirmed plans to build an eight-story parking deck with ground-floor office space on a existing surface parking lot at 126 E. Nueva St., just behind the Bexar County Archives Building. The ground-floor office space will be reserved for county offices, though it is not known which departments will occupy the space.  …Read Entire Post

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Texas unemployment remains at all-time low

Texas’ unemployment rate held steady at 3.4 percent, matching the record-low rate set in June 2019, according to the Texas Workforce Commission. 

In July, the Texas economy added 35,200 seasonally adjusted Total Nonfarm positions. Texas employers added 323,300 jobs over the year.   …Read Entire Post

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Local real estate veteran Paul Fagan joins REOC

Paul Fagan, CCIM, SIOR

Local commercial real estate veteran Paul Fagan recently joined REOC San Antonio as its new executive vice president.

Fagan joins REOC from Cushman & Wakefield | San Antonio Commercial Advisors, where he had been a founding principal since 1989. With a career in commercial real estate spanning 38 years, Fagan will continue to provide advisory and brokerage services in his new position. Previously, Fagan has specialized in office and industrial properties. …Read Entire Post

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San Antonio ranks among leading metros for economic growth potential

San Antonio was recently listed among the top-ranked large metros for Economic Growth Potential in Business Facilities’ 15th Annual Rankings Report. Click to read full article: Atlanta, San Antonio, Phoenix Lead In Economic Growth Potential (Business Facilities, July 29, 2019)
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Japanese company to bring 900 jobs to Cibolo

AW Texas, Inc., a Japanese transmission maker owned by Fortune Global 500 company Aisin, plans to build a $400-million plant in Cibolo that will span approximately 500,000 square feet and bring 900 jobs to the Northeast San Antonio suburb.

Groundwork is expected to start September along the IH-10 frontage road at S Santa Clara Road across from the San Antonio Raceway. …Read Entire Post

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