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Worldwide commercial real estate investment volumes increased by 10% in the fourth quarter of 2019, to $245 billion.  Paul Fagan, CCIM, SIOR Local commercial real estate veteran Paul Fagan recently joined REOC San Antonio as its new executive vice president. Fagan joins REOC from Cushman & Wakefield | San Antonio Commercial Advisors, where he had been a founding principal since 1989. With a career in commercial real estate spanning 38 years, Fagan will continue to provide advisory and brokerage services in his new position. Previously, Fagan has specialized in office and industrial properties. …Read Entire Post
More than 200 of construction equipment dealer Holt Cat’s employees have moved into the company’s new three-story, headquarters since December 2017. The $24 million, 84,000-sf Class A office building is located off Loop 410 and East Southcross. The new headquarters enables employees who worked at separate buildings on the company’s 140-acre campus to be under one roof with room to grow. In addition to traditional offices, there are open workspaces, multiple conference rooms equipped with smart televisions, a fitness center, a high-tech cafeteria, an outdoor patio, and walking trails lined with the company’s antique equipment. Built in the early 1940s, Holt Cat’s campus predates Loop 410 by at least 18 years. Click here to read the full article: Holt Cat offers glimpse into life at new headquarters building (San Antonio Business Journal, 7-5-18)
Those employees provide customer retention work to support AT&T’s legacy landline services. All of the affected employees will be offered jobs in San Antonio, along with a relocation allowance. …Read Entire Post
Texas manufacturers made more goods this month and factories are using more of their capacity, according to the Texas Manufacturing Outlook Survey, which polled 113 manufacturers in the state. …Read Entire Post
The new cooling facility on the 5100 block of Rogers Road is expected to be completed in September. The facility is for cooling a 256,000 square foot data center in Westover Hills. It opened in 2015 and cost about $80 million to build, according to public documents. …Read Entire Post
Click to download Kim Gatley’s San Antonio CRE Market Update 2014. The cheap housing that San Antonio is known for is becoming harder to find. But as the real estate market continues to rebound, more luxury homes are being built and selling in the Alamo City. In 2009, houses priced less than $150,000 made up about one-third of homes being built in San Antonio, according to data from real-estate research firm Metrostudy. Last year, the construction of homes at that price point fell by more than half as 840 houses were built, accounting for about 10 percent of the annual starts. …Read Entire Post |
Just in time for summer travel, 
We certainly hope that it doesn’t come to this but it is somewhat comforting to know that according to a recent study by 
AT&T Inc. is reducing its workforce in Houston and moving those jobs to San Antonio. The move affects 117 call center employees at 9051 Park West Dr. in Houston, and that location will close.
Texas manufacturing continued to expand in July with production picking up and optimism about the future rising to its highest level since 2010, according to new data from the Federal Reserve Bank of Dallas.
