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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REOC Releases 2Q 2017 Retail Market Report

In the midst of what some economists are calling a retail meltdown, the San Antonio retail market maintained its sub-ten percent citywide vacancy rate and recorded gains in the second quarter which offset losses recorded in the first quarter.  The growing popularity of discount stores accounted for much of the gain; such as, Dirt Cheap […]

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REOC Releases 2Q 2017 Office Market Report

The San Antonio office market continued steadily on its positive trend in the second quarter accompanied by the delivery of 389,369 square feet of new office lease space.  The much anticipated Landmark One building (164,351 sf) came online at the intersection of Loop 1604 & IH-10 in the North West submarket with two signed tenants […]

REOC Releases 2Q 2017 Industrial Market Report

At first glance, the San Antonio Industrial market appears to have experienced a robust second quarter.  Upon closer inspection, however, the recorded 720,719 square feet of positive net absorption is somewhat misleading.  New construction delivered the Carrier Corp building (850,000 sf); the considerable gain from this one pre-leased facility concealed some sizeable vacancies.

REOC Releases 2Q 2017 Medical Market Report

The mid-year check up of the San Antonio medical office market remained steady and positive.  The survey of more than 7.2 million square feet of separately tracked medical-only office space revealed that the citywide vacancy rate remained relatively unchanged at 20.0% compared to 20.1% at mid-year 2016 as new inventory offset positive absorption. 

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.

Developers of Boerne mixed-use project score victory

The City of Boerne’s Planning and Zoning Commission voted 3-2 in favor of rezoning some 26.6 acres of land off Herff Road. The project which is being planned for the area, called Legacy at Cibolo, was formerly known as The Village at 17 Herff until a recent rebranding.

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.

Mixed-use project approved for Alamo Heights

A four-story, $40 million mixed-use development in the heart of Alamo Heights received unanimous approval from the Alamo Heights City Council earlier this week. The project by Argyle Residential will feature a 150-unit apartment complex and 5,100 square feet of retail space. The development is planned for a 1.41-acre triangular lot at 5514 Broadway Street.

New office park arrives in Boerne

The finishing touches are being put on Seven Oaks Professional Office Park, a new 32,500 square-foot Class A office project in Boerne. The complex has been advertised to companies looking for professional office and medical space. So far, the property already has a few tenants signed up, including a chiropractic firm, a dentist office, a […]