REOC San Antonio
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Kim_Gatley
Kim Gatley
S
enior Vice President & Director of Research at REOC San Antonio

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Pearl-like Development Planned for Eastside

Eastside developmentCity Council approved zoning changes that will allow local developer Efraim Varga and investment partners to construct a multi-block, mixed-use complex in the Eastside’s Denver Heights. A $43.5 million improvements package was approved in January 2015 that is slated to improve connectivity to the Henry B. Gonzalez Convention Center expansion and Hemisfair Park.

The neighborhood, plagued with crime and vagrancy, stands to undergo a revitalization similar to that which the Pearl brought to the crumbling brewery complex just north of downtown. …Read Entire Post

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Whataburger buys property next to North Side headquarters

whataburger_concordWhataburger has bought a 2.4-acre property with a three-story building next to its North Side corporate headquarters through a subsidiary controlled by company executives.

The San Antonio-based burger chain bought the building at 400 Concord Plaza Dr. last month from OI Rehab LP, according to county property records. The 50,000 square-foot building is currently home to the Orthopaedic Institute.

…Read Entire Post

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Cyber Growth Plan for Port San Antonio

PSA Phase 1 planRoland Mower, Port San Antonio president, and the Port’s Executive Vice President for Business Development Jim Perschbach are working with many others on a vision for attracting cyber companies.

The first phase of an 80,000 sq. ft., $15 million tech office complex would be fully customizable with enviable features geared toward tech and cyber companies.

Imagine secure office spaces wired for the latest technology and Google Fiber with floor plans designed for your company’s size and needs. …Read Entire Post

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Call me: $11.2 million GM Financial facility to employ 490

Plans for GM Financial at Westover Hills

Plans for GM Financial at Westover Hills

Work begins this month on GM Financial’s $11.2 million call center facility in Westover Hills.

Four months after the center was first announced, the company has submitted a permit to start construction on a two-story facility at 3302 N. Ellison Dr.

The facility will be about 100,000-square-feet and will add 490 full-time jobs within five years. Overall, 700 jobs will eventually be added by GM.

…Read Entire Post

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Accenture inks $128M in federal contracts, adding 300 jobs in San Antonio

Accenture's newest San Antonio location at 10931 Laureate

Accenture’s newest San Antonio location at 10931 Laureate

International consulting firm Accenture Federal Services expects to add 300 new jobs in San Antonio before the end of the year, the Virginia-based firm announced this week.

To accommodate expected growth and expansion, Accenture recently added a new facility to its San Antonio inventory with a lease of more than 45,000 square feet at 10931 Laureate to backfill space previously occupied by Harland Clarke. …Read Entire Post

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Local construction sector posts 10 percent jump in employment figures

big bite excavatorAt a time when most Texas cities didn’t even break into the top 100, San Antonio had the No. 38 spot.

That was the Alamo City’s ranking, according to the November 2015 employment report by Arlington, Va.-based Associated General Contractors of America. San Antonio ranked No. 38 — out of a total of 358 metros — as a result of its construction industry adding 4,800 jobs over the past 12 months — going from 46,900 …Read Entire Post

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Construction spending at seven-year high; worker shortage limits gains

craneConstruction spending hit $1.1 trillion in September, its highest level since March 2008.

That’s according to an analysis by Associated General Contractors of America, which pointed out the number would have been even higher if it weren’t for a shortage of construction workers.

There were only 479,000 unemployed construction workers in September, the smallest total for that month in 15 years, Simonson noted. …Read Entire Post

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Alorica to expand San Antonio workforce; plans to create 160 new jobs

JobsAlorica Inc., a global company based in Irvine, California, that provides customer management and outsourcing solutions, plans to create 160 new jobs for one of its newer San Antonio facilities. Those hires will further boost an Alamo City workforce of about 2,500 personnel.

The plan is to try and fill the bulk of the 160 new positions before the end of the year. …Read Entire Post

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San Antonio leads Texas in construction job growth

big bite excavatorPent-up demand and uncertainty in the Eagle Ford Shale have pushed San Antonio to the top of the stack in terms of statewide construction employment growth.

According to a report from the Associated General Contractors of America, San Antonio posted the largest increase in construction employment in the year between August of 2014 and 2015 throughout the state of Texas. The mere fact that the city …Read Entire Post

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San Antonio’s unemployment fell to 3.7 percent in March

texasUnemployment in the San Antonio-New Braunfels metropolitan area dropped to 3.7 percent during the month of March, according to labor market data figures released by the Texas Workforce Commission.

This is down from San Antonio’s 3.8 percent unemployment rate in February and down from 4.9 percent during March 2014.

Statewide, Texas’ unemployment rate fell to 4.2 percent in March — its lowest level since July 2007. This is down from 4.3 percent in February and down from 5.4 percent in March 2014. …Read Entire Post

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