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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Texas manufacturing continues to expand

two 3d humans keep gears in handsTexas manufacturing continued to expand in July with production picking up and optimism about the future rising to its highest level since 2010, according to new data from the Federal Reserve Bank of Dallas.

Texas manufacturers made more goods this month and factories are using more of their capacity, according to the Texas Manufacturing Outlook Survey, which polled 113 manufacturers in the state. …Read Entire Post

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City Council to consider incentives for $150 million distribution center

fb_icon_sliceNext week, the San Antonio City Council will consider incentives for a proposed 1.5 million-square-foot distribution facility for retailer T.J. Maxx.

The facility would be the company’s sixth center nationwide and its largest. San Antonio is competing against other sites in Texas and in Louisiana. TJK, the brand’s parent company, is eyeing a 200-acre site on FM 1937 — South Flores Road — south of I-410 and east of Highway 281. …Read Entire Post

Pizza Patron moving HQ to San Antonio

The pizza chain with more than 90 locations and approximately 20 more under development nationwide is moving its headquarters to San Antonio. The headquarters will be moved from Dallas to San Antonio. …Read Entire Post

More retailers jumping on the sale-leaseback train with SA locations

Academy

Academy, one of the retailers participating in recent “sale-leaseback” transactions.

There are two questions a retailer faces before opening a new location — to own or to lease — but an increasing number of them are making a new choice once those locations are up and running.

Across San Antonio, retailers such as Academy Sports + Outdoors, CVS, Family Dollar (NYSE: FDO), Walgreens and Gold’s Gym are making sale-leaseback transactions that take certain properties off their books and into the hands of single-tenant investors. …Read Entire Post

Texas employment jumped 38,300 in September

increase_valueTexas added 38,300 net new jobs in September, leading the nation in job growth, the Texas Workforce Commission reported Friday. The state’s seasonally adjusted unemployment rate edged up to 4.8 percent in September from 4.7 percent in August. The national unemployment rate for September is 5 percent.

Texas led the nation with a 38,300 boost to payrolls, followed by a 30,000 advance in California, Bloomberg News reported, citing figures from the Labor Department. The tourism industry statewide had the largest gains with 17,900 new jobs. Professional and business services employment rose by 6,000 jobs last month. Construction employment went up for the third straight month by adding 3,400 jobs. …Read Entire Post

City targets to annex more than 1,200 acres

Along with developers and those working in real estate, the city of San Antonio is targeting high-growth areas as part of its plan to annex more than 1,220 acres of unincorporated territory.

Starting with the U.S. Highway 281 North commercial corridor the city’s Planning Commission on Wednesday is slated to discuss the annexation of 1,224 acres along the arterial highway beginning south of Marshall Road and Northwind Boulevard in Bexar County and continuing north along Highway 281 to about 1,800 feet shy of Ancestral Trail in Comal County.

The city of San Antonio is proceeding with plans to target the annexation of five high-growth areas, which have the potential to add millions of dollars to the city’s tax base. …Read Entire Post

Lenders shy away from commercial real estate

BankIconSmall banks reportedly are becoming reluctant to back commercial real estate as federal regulators scrutinize relaxed lending standards. The Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency have issued several warnings to commercial real estate lenders in an effort to get banks to strengthen loan terms, according to a report in The New York Times.

For small banks, commercial property loans are among some of their largest loans, so that guideline stands as a challenge. As smaller lenders move to sell off loans — and are reluctant to issue new ones — private equity funds and other institutional lenders are filling the void and moving in on the lucrative deals. …Read Entire Post

With no bids, Halliburton property in Alice pulled from auction

Halliburton to auction Alice facility.

Halliburton fails to find buyer during auction.

With no online bidders and nobody in attendance at an on-site auction, a 19-acre property owned by Halliburton Co. in the South Texas town of Alice remains unsold.

The 850 Commerce Halliburton property in Alice, Texas, will sell to the highest bidder at auction above an opening bid of $1 million. It is a 19-building industrial complex totaling more than 103,000 square feet of space used as main office/lab, multiple shops, indoor/outdoor wash rack buildings and covered storage. It has fenced parking with a gate and guard shack. …Read Entire Post

Children’s hospital pavilion to anchor new multistory Stone Oak development

Christus Santa Rosa begins new Stone Oak development.

Christus Santa Rosa begins new Stone Oak development.

Construction begins Tuesday on a three-story medical building in far North Central San Antonio that will give Christus Santa Rosa Health System and its Children’s Hospital of San Antonio greater brand awareness and a wider reach in the community. The 60,000-square-foot structure will be home to Christus’ new Children’s Hospital of San Antonio Health Pavilion-Stone Oak.

One of the key anchors of the pavilion will be the Children’s Hospital of San Antonio Emergency Center -Stone Oak on the first floor. The building, which will cost between $13 million and $14 million to develop, will house a variety of pediatric services and family practice groups. It will also provide new access to adult primary care and include office space for Baylor College of Medicine physicians. …Read Entire Post

BBVA makes big move downtown, shares future plans

BBVA plans to broaden marketshare in San Antonio.

BBVA plans to broaden marketshare in San Antonio.

Andrea Smith, the local CEO and market president of BBVA Compass, has a vision for the bank’s footprint in San Antonio. And it includes consolidating nearly 80 employees, including its wealth management and commercial banking divisions, to be centrally located downtown.

BBVA Compass, a subsidiary of Alabama-based BBVA Compass Bancshares Inc., recently announced plans to invest in 9,600 square feet for retail banking space and 19,000 square feet for a corporate office inside the Weston Centre, revitalizing a ground-floor retail location that was vacated by Bank of America several years ago. …Read Entire Post