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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Ancira landholder buys 18 acres on Northwest Side

Ancira landholder buys 18 acres in Northwest San Antonio.

Ancira landholder buys 18 acres in Northwest San Antonio.

A company used as a landholder for Ancira Auto Group dealerships bought an 18-acre property last month along Loop 1604 on the Northwest Side.

The company, Bullish Resources Inc., bought the land between Leslie Road and Loop 1604, next to Gateway Fellowship Church, on May 24, county property records show. The land was appraised at $1.8 million this year. …Read Entire Post

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City considers permanently closing roads for Pearl development

Developers proposing to permanently close roads in Pearl area.

Developers proposing to permanently close roads in Pearl area.

Pearl developer Silver Ventures is asking the city to permanently close two streets on the Museum Reach across from Hotel Emma to make way for a new development. City Council will vote in August on whether to close Schiller Street and part of East Quincy Street and sell the land to Broadway SA Investors GP, a landholder for Silver Ventures, which developed the Pearl complex. …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

After years of trying, Pearl’s Silver Ventures now owns the Fox Motel site

Fox Motel property adjacent to The Pearl

Fox Motel property adjacent to The Pearl

Silver Ventures recently acquired the site at 302 Newell Ave., commonly known as the Fox Motel.

According to county property records, Silver used its Broadway SA Investors Group limited liability company to make the purchase. The same LLC is also used for sites under Pearl’s purview such as 401 Pearl Pkwy., 1801 Broadway and 102 W. Grayson.  …Read Entire Post

Sale for 114-acre tract along UTSA Blvd. closes for $20.3 million

realestateNearly a year after putting in a $20.3 million bid to pull a Northwest San Antonio site out of bankruptcy, California-based private investor Robert Schumacher has closed on the 114-acre tract along UTSA Blvd.

The deal closed on Dec. 30, 2015, and while no development plans have been announced, Schumacher said at the bankruptcy auction last March that he had been shopping around for land that provided enough space …Read Entire Post

Wal-Mart sells outparcel, opens door for new retail opportunities along Wurzbach Parkway

Walmart OutparcelsWal-Mart Stores Inc. has sold 1.46 acres of its Wurzbach Parkway property to Dallas-based Weitzman Group, paving the way for new retail development on the site.

Weitzman secured a $2.8 million loan from Independent Bank for the undeveloped site with frontage along Wurzbach Parkway, according to Real Capital Analytics.

The property, sold by Wal-Mart Real Estate Business Trust, was originally part of a near 19-acre tract the …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)

TAR sells off South TX portfolio

Texas American Resources (TAR) recently sold its existing production, proved reserves and Eagle Ford and Austin Chalk oil development opportunities on its 55,000 net acres of leasehold to an undisclosed buyer for $135 million.

The property is spread across four South Texas counties – Dimmit, Frio, La Salle and Zavala.

TAR still owns and operates over 100 producing wells in the Texas Panhandle …Read Entire Post

Rockspring Capital acquires 121-ac industrial site in Seguin

Houston-based Rockspring Capital recently announced the acquisition of a 121-acre industrial site in Seguin. The property is located off of Interstate Highway 10 near FM 464, adjacent to the Caterpillar engine plant which was built in 2010.

The land is reportedly ready for development and can accommodate a large industrial user or two or three smaller facilities.  …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