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.
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.