REOC San Antonio
Commercial Real Estate Since 1974   
Kim_Gatley
Kim Gatley
S
enior Vice President & Director of Research at REOC San Antonio

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Singing Hills Bringing Much Needed Services to Bulverde Area

Singing-Hills_A1The Singing Hills mixed-use development experienced a busy 2017 filled with exciting new developments.  The results of 2017 activity will become more apparent in 2018 as new construction gets underway and new services are added to the growing Bulverde area.

Within the next few months, construction in the commercial portion of the Walmart-anchored project, which is located at US 281 & Hwy 46, will include a 288-unit Multi-Family project, The Pillar’s Christian Early Learning Center and a 60,000 square foot medical professional building.  …Read Entire Post

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San Antonio approves Echo East project

Echo-East-ProjectThe San Antonio City Council recently approved the sale of a vacant 10-acre tract at 301 Spriggsdale (near the corner of E. Commerce St.) to the George Gervin Youth Center for the development of a $63 million mixed-use project called Echo East.  The parcel is adjacent to 9.1 acres owned by the youth center.  …Read Entire Post

San Antonio housing market breaks record in 2017

San Antonio’s growing economy propelled the local housing market to another record sales year in 2017, but the supply of homes on the market remains extremely tight.

Home sales in the San Antonio-New Braunfels metro area increased by 3.8 percent in 2017 to a record 30,715, up from 29,596 in 2016, according to data recently released by the San Antonio Board of Realtors.  …Read Entire Post

Developers plan to revive master-planned community on South Side

Preserve_MedinaRiver_Community_Plan

New developers take over The Preserve at Medina River.

Two local developers plan to revive The Preserve at Medina River, a 530-acre master-planned community in the South Side of San Antonio that has languished since it was announced almost a decade ago. A new team of developers has taken control of the project, which never broke ground.

They expect to build 1,200 homes on the development over the next eight years or so, said Fermin Rajunov, who was one of the project’s original investors and is involved in a partnership that bought most of its land last month. …Read Entire Post

Pearl-like Development Planned for Eastside

Eastside developmentCity Council approved zoning changes that will allow local developer Efraim Varga and investment partners to construct a multi-block, mixed-use complex in the Eastside’s Denver Heights. A $43.5 million improvements package was approved in January 2015 that is slated to improve connectivity to the Henry B. Gonzalez Convention Center expansion and Hemisfair Park.

The neighborhood, plagued with crime and vagrancy, stands to undergo a revitalization similar to that which the Pearl brought to the crumbling brewery complex just north of downtown. …Read Entire Post

Colliers on the Hunt for $47M on Behalf of Texas Multifamily Developer

Proposed Villita Tower in downtown San Antonio

Proposed Villita Tower in downtown San Antonio

JMJ Development is sourcing $47 million in debt and equity for the construction of Villita Tower at 120 Villita St.

The 30-story, 201-unit, market-rate multifamily residential development is soon planned for this supply-constrained metro. Villita Tower capitalizes on the tight rental market of San Antonio.

Additionally, there will be 12,000 sf of commercial space, which will house three restaurants and a coffee shop.  …Read Entire Post

Singing Hills wins 2 Best in Commercial Real Estate Awards

Singing Hills

Singing Hills

Eleven development projects and transactions have been chosen as winners in 12 categories of the San Antonio Business Journal’s Best in Commercial Real Estate Awards.

For the developments and deals portion of the awards, a panel of judges considered nominations received and chose these winners in the following categories: …Read Entire Post

REOC facilitates sale of 780 acres north of San Antonio

4S Ranch Bulverde

4S Ranch Bulverde

Lennar Homes recently purchased 780 acres of land commonly known as 4S Ranch, located between Smithson Valley Rd., FM 1863 & Stahl Lane in the extra-territorial jurisdiction of Bulverde – a satellite community situated just north of San Antonio.  The seller, a group of local investors known as Stahl Lane, Ltd. and 633-4S Ranch Ltd., was represented by Kurt VanderMeulen and Joyce Jane Weedman of REOC Austin.  “The site, which is located next to Lennar’s Johnson Ranch master-planned community, is Master Planned for 1,800 single-family homes,” says VanderMeulen.

Click to read Lennar purchases 780-acre 4S Ranch in Bulverde, TX (PRWeb, 3-04-15)

San Antonio home prices hit record high in June

The median price for an existing single-family home hit a record high of $188,200 in June, up 5 percent compared to the same month last year, according to the San Antonio Board of Realtors (SABOR).

Activity also picked up. June sales totaled 2,474 – up 6 percent compared to June 2013 and a reversal of the decline posted last month.

The San Antonio market has recorded a total of 11,655 homes …Read Entire Post

Housing boom bigger in Texas

Texas, known for its open spaces and cheap property, is experiencing the types of real estate bidding frenzies seen in tightly built markets from New York to San Francisco as job gains generate a suburban land rush. Existing-home prices in Dallas and Houston are rising faster than at any time since the oil boom of the 1980s. Homebuilders, caught off guard by the ferocity of buyer demand, are exhausting construction-ready lots as they struggle to recruit workers to complete houses quickly.

The boom shows that the U.S. real estate market’s rebound is extending beyond areas such as Arizona, Florida, California and Nevada, where prices are …Read Entire Post