CoStar compiled their list of stories on trends and transactions considered to be the most interesting and newsworthy in the San Antonio market over the past 12 months.
Check out CoStar’s Year in Review: 2013 Top CRE News in San Antonio (CoStar, 12-30-13)
It appears more people are following the old saying about not being born in Texas but getting here as fast as they could. And many of these transplants are planting roots in Bexar County.
The Texas Association of Realtors (TAR) recently released its 2013 Texas Relocation Report, based on data from the National Association of Realtors and U-Haul.
One of the highlights of the report is that more people are moving in than moving out. In fact, the number of families moving in to Texas outnumbered the number of families moving out by a total of 10,326 households. …Read Entire Post
Texas has been named the No. 1 state in the country for doing business by Area Development Magazine.
“In Texas, we understand that in order for our economy to thrive, government must get out of the way and let businesses get to work,” Gov. Rick Perry says. “Our free market principles, low taxes, fair courts and smart regulations are an attractive combination for employers across the country. …Read Entire Post
Source: The Daily Beast
San Antonio was recently listed among America’s hotspots based on economic indicators, quality-of-life factors and demographic trends.
According to the Daily Beast, “Hot” cities, which they call aspirational cities, are most likely Southern, culturally vibrant, modest sized, long on jobs, and short on traffic. …Read Entire Post
Labor Day weekend traditionally marks the end of summer travel season, and many stores put on sales and promotions to lure customers to splurge on clothes, school supplies, toys, electronics and sundry other items one last time.
Labor Day might be the most underrated shopping holiday, according to a recent survey conducted by online coupon site RetailMeNot.com. …Read Entire Post
Xceligent, Inc., a leading provider of proactively researched commercial real estate information and marketing solutions, is pleased to announce that CBRE Group, Inc., Colliers International, and Jones Lang LaSalle Americas, Inc. have signed multi-year agreements for Xceligent researched products. The agreements provide for access to the Xceligent platform in all existing and future US markets, including the 100+ markets to be launched as part of Xceligent’s national rollout of its comprehensive research solution. …Read Entire Post
Click to check out the San Antonio Business Journal’s slideshow of this year’s best deals in commercial real estate.
…Read Entire Post
What are the top issues affecting the real estate market in 2013?
Click to review the latest Top 10 Issues Affecting Real Estate 2013 list compiled by The Counselors of Real Estate (CRE), a Chicago-based organization that evaluated global economic conditions and domestic priorities which are impacting or have the potential to impact the country’s real estate sector over the coming year. …Read Entire Post
Property values in Bexar County are up, with commercial real estate posting some of the biggest increases. Overall, values in Bexar County — with about 648,000 properties — will rise about 5 percent.
Commercial properties will see the biggest spike, with about a 12 percent rise in values. Residential properties will see an approximately 2 percent bump. That means many property owners will pay more in taxes, which means local school districts and governments will collect more from ad valorem taxes.
Still, even though the real estate market is rebounding, a number of areas are still seeing foreclosures — a factor the appraisal district uses to set property values — while other communities go mostly unscathed.
The double-digit jump for the commercial market was an expected outcome as it continues its rebound. Apartment buildings are at the top of the sector with values increasing about 20 percent.
“There’s still a significant amount of challenge in the market, especially in some pockets,” said Kim Gatley, a vice president at commercial real estate firm NAI REOC San Antonio. “And definitely, property by property, there are issues that would mitigate the appraised increase. But overall, as the economy improves and leasing continues, the natural outcome is that it increases value.” …Read Entire Post