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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Public-private partnership to bring new I-10 access road & mixed-use development to Seguin

 

IH-10 between FM 464 & Hwy 46, Seguin, TX

NewQuest Properties, the City of Seguin and the Seguin Economic Development Corp. have formed a new partnership to develop 545 acres of property.  NewQuest, a Houston-based developer, will build a new access road along Interstate 10 between State Highway 46 and FM 464 that will create new development opportunities in the city. NewQuest owns the land and the company plans to market 120 acres of property for retail, and the rest of the land for multifamily, office and light industrial tenants.  The name of the development will be the Seguin Commerce Center.

Click to read NewQuest investing in new infrastructure for Seguin development (San Antonio Business Journal, 6-29-12); for more information read the City of Seguin press release (6-15-12).

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Apartment construction boom under way in San Antonio

Rents are up, apartments are full, and developers are responding.  More than 4,000 new apartment units should hit the market in the San Antonio area this year, many of them with upscale amenities, as developers and investors respond to demographic trends and the difficulty that would-be first-time homebuyers are having qualifying for a mortgage loan. 

Apartment construction slowed in the wake of the 2008 financial crisis. But the research firm Austin Investor Interests expects, conservatively, 10,000 new units will open in theSan Antonio area in the next two years.

Click to read full article: Apartment construction boom under way in San Antonio (San Antonio Express-News, 2-8-12)

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1221 Broadway finally moving forward

1221 Broadway

For the past six years, we’ve all had to look at, explain and excuse the ugly, unfinished structure that sits along Broadway near the intersection of I-35 & I-37 but the complicated legal troubles have been hurdled and funding has been secured so that construction can finally restart.  …Read Entire Post

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NAR Market Summary

Commercial real estate sectors, hurt by weak job growth, are offering incentives in many areas that are conducive to business expansion, according to the National Association of Realtors®.  Read the full article (NAR, August 26, 2010)

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Commercial foreclosures rise

Foreclosures_croppedAccording to Foreclosure Listing Service, Inc., foreclosure postings for commercial properties in the San Antonio area jumped from 557 in 2008 to 863 in 2009 – an increase of 55%.  …Read Entire Post

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Private money sees opportunity in San Antonio Apartment market

To paraphrase Will Balthrope of Balthrope Group of the Marcus & Millichap National Multi-Housing Group – now is the best time to buy San Antonio apartment projects in the last twenty years, as quoted in the San Antonio Business Journal.  Although San Antonio hasn’t been as hard hit as areas such as Phoenix and Miami, there is a growing list of over-leveraged owners in position to sell.  This creates opportunity for buyers.  And the buyers in a position to take advantage of that opportunity aren’t the typical institutional investors but the private investors.  Read more (Distressed assets taking center stage among apartment investors: San Antonio Business Journal, June 19, 2009)

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