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 There is a disconnect in the public and private markets and across sectors. Some small disconnect isn’t anything new but there’s been a significant repricing on public assets since COVID while valuations on the private side didn’t moved as much, especially earlier in 2020. That said, the positive vaccine news increased valuations by the end last year which has closed some of the gap between the private market and the public market.
But the divergence in pricing across sectors remains. Retail properties, for example, have been hardest hit. Retail sees the immediate link between the revenue a tenant makes in a store and the rent it pays for that store space. Meanwhile, Industrial properties have continued to be very strong and even accelerated in some markets.
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 CPS Energy recently sold its Navarro Building to Los Angeles-based BH Properties for $22.3 million. The building and garage, located at 146 Navarro St., is situated across the street from its former headquarters at 145 Navarro.
Built as a seven-story parking garage for HemisFair ’68, CPS Energy has been the building’s sole occupant since the event, adding three stories of office space above the garage in 1987.
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 Amazon Fulfillment Center – Schertz Hines recently purchased the 1,262,294-square-foot Amazon fulfillment center in Schertz. The new owner reportedly spent $129.2 million for the colossal Class A warehouse. The sale is the company’s fourth global logistics purchase this year.
The facility is situated at 6000 Schertz Parkway, just west of Interstate 35 and 20 miles northeast of downtown San Antonio. …Read Entire Post
 1101 Sentry Gateway Microsoft Corp. recently acquired a 95,000-square-foot office building near several other local facilities it owns on the city’s Far West Side.
The company bought the property at 1101 Sentry Gateway from Sansa II LLC. The seller owned the building for less than a year before the transaction. It bought the property in January of 2020 from the city of San Antonio. The city owned it since 2012 for use as a CPS Energy data center. …Read Entire Post
GrayStreet Partners, a local developer, purchases San Antonio’s former Lone Star Brewery for $14.45 million.
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 Click article link below to watch video As part of REBusinessOnline’s Finance Insight series, Charles Cronin of Axiom Capital Corp. recently discussed how the longest upcycle in history is impacting the lending environment.
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Worldwide commercial real estate investment volumes increased by 10% in the fourth quarter of 2019, to $245 billion.
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