Boston-based Taurus Investment Holdings, a global private equity real estate firm, recently sold one of San Antonio’s most-recognizable office buildings. The Pyramid Building, located at 601 NW Loop 410, was acquired by an affiliate of Cleveland-based Boyd Watterson Asset Management tied to its Chicago office.
The price for the 220,820-square-foot property was undisclosed but the 6-acre property was last assessed at $37.4 million, according to the Bexar County Appraisal District. …Read Entire Post
The longtime owner of an abandoned quarry in Northwest San Antonio is moving forward with plans to build a massive warehouse at 
The third of five segments of the Texas Department of Transportation’s Loop 1604 expansion in San Antonio got underway recently. This phase of construction is part of TxDOT’s overall Loop 1604 North Expansion project aimed at improving 23 miles of Loop 1604 from Texas 16 (Bandera Road) to Interstate 35.
The latest construction includes $244 million of improvements from Interstate 10 to U.S. 281 to help reduce congestion and increase safety and mobility. The work involved in this latest segment will include expanding the main lanes to a 10-lane expressway, adding a high-occupancy vehicle lane in each direction, upgrading the Blanco Road intersection with a new diverging diamond design, improving the auxiliary lanes and ramps, and building accommodations for bicyclists and pedestrians. 
The new analysis of the impact of long-term remote work after the pandemic and its potential impact on cities indicates that more remote work means fewer commuters – and that means less revenue for cities and potential challenges for the commercial real estate sector. 
The headwinds caused by COVID-19 and the related shutdowns of various segments of the national economy has impacted the local real estate market, including skyrocketing lumber prices and other related construction costs, manufacturing delays, a slowdown in municipal approvals, changing consumer habits, record homebuilding starts and closings as well as shifting construction priorities by developers.
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.
CPS Energy recently sold its Navarro Building to Los Angeles-based BH Properties for $22.3 million. The building and garage, located at 
Despite the uncertainty in the air, some of San Antonio’s largest and most anticipated commercial developments are still set to finish this year.