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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. 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, […] 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. The brand new property at 9850 Doerr Lane, called Schertz 1, was finished in March and then bought by HPI in June. It sits on 15 acres and features loading docks on either side of the building. The purchase price was not disclosed. 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. 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. 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. City-owned utility company CPS Energy is selling nearly 12 acres of riverfront property in one of San Antonio’s hottest real estate markets. The property is at the southern edge of the trendy Southtown neighborhood between the Union Pacific Railroad tracks and the west bank of the San Antonio River where it has 950 feet of […] The Dallas investment firm has purchased an aging 13-story office tower near the Medical Center with plans to renovate it into top-of-the-line office space. In an effort to broaden its presence in San Antonio, Christus Santa Rosa Health System has struck a deal to purchase a pair of former Elite Care emergency medical centers — including one that previously had been shuttered. One of the Elite Care facilities now part of Christus’ growing ambulatory network is near U.S. Highway […] |
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