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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USAA buys Bank of America Plaza

The deal closed on Monday; while the sales price was not disclosed, the building was last appraised by Bexar County for $88 million. The 28-story tower at 300 Convent St. was last owned by two real estate investment companies: Talcott Realty Investors of Hartford, Connecticut, and Clarion Partners of New York.

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Medical building portfolio sells to out of town partnership

A partnership between Artemis Real Estate Partners, Ackerman & Co. and MLL Capital purchased a four-building medical office portfolio totaling 423,411 square feet, according to a press release. Two of the downtown San Antonio buildings, the Santa Rosa Professional Pavilion — which is 128,578 square feet — and the 123,324 square foot Rosa Verde Tower, […]

Broadway office development to cost $84.6 million

The mixed-use office and retail development will feature a 10-story South Tower, which will be approximately 221,000 square feet, and a 6-story North Tower totaling 123,000 square feet. A 10-story mixed office and retail development is set to replace the Sarma Building which previously sat at 1801 Broadway Ave.

Harris Bay to buy downtown San Antonio building

Real estate investment firm Harris Bay is under contract to buy the Commerce Building in downtown San Antonio and move its Texas office there, the firm announced Wednesday. Though the sale price was not disclosed, Bexar County’s latest appraisal of the 40,000 square foot, eight-story building at 314 E. Commerce St. was $2.875 million.

Plans for Light building going before HDRC

GrayStreet, one of the most active developers downtown, bought the Depression-era building in December from Hearst, the parent company of the San Antonio Express-News, and plans to turn it into 60,000 square feet of upscale office space with a rooftop restaurant.

Plans to redevelop 23 acres east Downtown

Up-and-coming urban builder GrayStreet Partners is undertaking its biggest project yet, redeveloping 23 acres of neglected land across Broadway from The Pearl that would rival the historic brewery’s makeover in size.

OCI moves headquarters to Brooks

South Korean-owned OCI Solar Power is moving its 15,500 sf headquarters from the Bank of America Plaza building to the Brooks headquarters of subsidiary Mission Solar Energy. It marks the latest move by OCI and solar panel manufacturer Mission Solar to save money less than five months after Mission Solar announced it was cutting its […]

BBVA’s new local corporate HQ downtown

The ground floor of the tallest building in San Antonio got a major facelift along with renovations for a new major banking tenant. After months of construction, with at least a $2 million price tag, the new BBVA Compass Inc. location in San Antonio is open for clients.

Economic development foundation to move HQ

The Weston Centre’s persistence has paid off as the San Antonio Economic Development Foundation has agreed to move its headquarters to the downtown office tower. The decision comes after nearly a year of negotiations between officials representing the economic development group and the urban high-rise.

Local Medical Company Spending $3 million in Renovations

Peripheral Vascular Associates, a local medical company that specializes in arteries and veins, is spending $3 million renovating an aging office building downtown for use as its new headquarters.