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San Antonio-New Braunfels

June 2014 San Antonio median home price sets record high! 

(7/21/2014)

SAN ANTONIO - The median price for an existing single-family home climbed 5 percent to a record high of $188,200 in June. In June 2013, the median price was $179,400, according to data from the San Antonio Board of Realtors (SABOR).

The number of homes sold increased 6 percent to 2,474, reversing a slide in May, when sales dropped 6 percent compared with the year earlier period.

Houses stayed on the market for 65 days in June, a better showing than June 2013, when homes stayed 74 days on the market before selling, SABOR said.

Year to date, 11,655 homes have been sold in San Antonio, a 3 percent increase over the same period in 2013, SABOR said.

Read more at the San Antonio Express-News.

​Solar energy firm, Alamo Colleges to train 270 workers 

(7/16/2014)

SAN ANTONIO - Texas Workforce Commission officials have awarded a $382,796 skills development fund grant to Mission Solar Energy LLC and Alamo Colleges to train 270 workers for the solar industry.

Trainees will learn how to work as cell/module production operators, facilities maintenance technicians and production equipment maintenance technicians. Once they finish their training, they will earn an average hourly wage of $14.76.

As part of its long-term contract with CPS Energy, Mission Solar has agreed to invest $100 million locally and create at least 800 jobs in San Antonio.

Mission currently is building a solar-panel manufacturing facility at Brooks City-Base that will supply 400 of those new positions.

Read more at the San Antonio Business Journal.

Kgb USA eliminating 225 jobs in San Antonio 

(7/15/2014)

SAN ANTONIO - Kgb USA Inc. has informed the Texas Workforce Commission that it plans to carry out a layoff in San Antonio. The call center company, which does business as Conduit Global, expects to eliminate 225 positions by August 31.

Conduit Global officials say the layoffs are a result of an unexpected cancellation of services by one of the company’s clients.

Read more at the San Antonio Business Journal.

San Antonio Commons at Concord Park office sold 

(7/15/2014)

SAN ANTONIO - Commons at Concord Park, a four-building, 108,000-sf office complex has been purchased by an affiliate of Brookwood Financial Partners.

The Commons at Concord Park is located on Sonterra Blvd. in the Stone Oak neighborhood within the North Central submarket.

The complex was completed in 2004 and is currently 77.6 percent occupied.

Read more at Globe St.

Nielsen's opinion adds 200 jobs in San Antonio 

(7/14/2014)

SAN ANTONIO - Nielsen Holdings is expanding its outbound call center in San Antonio. The New York-based global information and measurement company plans to hire more than 200 additional personnel for its Alamo City operations.

It will add 16,000 sf at its Piedras Dr. South facility to accommodate the expanded workforce.

Those new hires will obtain a variety of data for Nielsen’s client-specific studies.

Read more at the San Antonio Business Journal.

TeletonUSA to open San Antonio $17M pediatric institute 

(7/10/2014)

SAN ANTONIO - The $17 million, 45,000-sf Children’s Rehabilitation Institute of TeletonUSA is under construction on San Antonio’s Northeast Side.

The San Antonio institute is scheduled to be completed in late October. It is Teleton’s first such development in the U.S.

The Children’s Rehabilitation Institute of TeletonUSA is expected to see approximately 600 pediatric patients annually.

Read more at the San Antonio Business Journal.

Alzheimer’s facility opening in Stone Oak area in SA 

(7/10/2014)

SAN ANTONIO - The LaSalle Group is opening a new $10.7 million, 30,000-sf memory care facility in the Stone Oak area called Autumn Leaves. The facility will provide specialized care for 46 individuals living with Alzheimer’s, dementia and memory impairment.

Autumn Leaves is set to open on July 24 at 20271 Stone Oak Parkway in North San Antonio.

Read more at the San Antonio Business Journal.

Class A Lockhill Crossing underway in NW San Antonio 

(7/7/2014 6:45:00 AM)

SAN ANTONIO - The five-story, 127,000-sf Lockhill Crossing office development is underway. The Class A building is located on 17 acres in Northwest San Antonio at the southeast corner of Lockhill Selma and Loop 1604.

Stream Realty has leased 16 percent of the development. The development is scheduled to be completed in second quarter 2015.

Construction cost is estimated at almost $12 million. Lockhill Crossing will become the first speculative office space of its size to be built on the Northwest Side since 2008.

Read more at PRNewswire.

The Do Seum (Do Touch) underway in San Antonio 

(7/7/2014)

SAN ANTONIO - In a year, the Do Seum, the 65,000-sf tri-colored building under construction on Broadway, will be open as the new children’s museum. The Do Seum will be a hands-on sensory experience inside and outside.

The $46 million project is on track with building construction underway and landscaping of the additional 30,000 sf of outdoor space beginning in the next couple of weeks. Completion of that phase is scheduled for November, and exhibit installation will begin in December.

Once completed, the facility will be double the size of the current museum downtown. The Do Seum is set to open June 1, 2015; the San Antonio Children's Museum downtown will close March 31.

Both floors of the rust-colored center hall are for permanent exhibits including “Spy Academy,” “Little Town,” “Imagine It!” and “Innovation Station.”

Read more at the San Antonio Express-News.

San Antonio 315,000-SF senior living adds to building flurry 

(7/2/2014 1:15:00 PM)

SAN ANTONIO - Franklin Park Alamo Heights, a senior-living facility with independent living, assisted- and memory care units, is now underway at 230 W. Sunset.

The $30 million, 315,000-sf upscale project at the corner of Sunset and Everest will consist of 117 independent-living units, 64 assisted-living units and 40 memory care units.

When completed in early 2016, Franklin Park Alamo Heights will be the third senior living community in the Alamo City owned and operated by the Franklin Cos.

Read more at the San Antonio Express-News.

South Bexar County desal plant thirsts for $193M 

(7/2/2014)

ELMENDORF, BEXAR COUNTY - The City of San Antonio, the San Antonio Water System (SAWS) and the Texas Water Development Board have broken ground on what will become the largest inland desalination plant in the country.

Once the local desalination plant is completed and operational in 2016, SAWS will be able to pump salt water from the Wilcox Aquifer and treat it to produce 12 million gallon of drinking water per day. This will be enough water to serve an additional 40,000 families in the SAWS service area.

SAWS will expand the plant in phases in 2021 and 2026. Once fully built-out, the desalination plant will produce 30 million gallons of water per day.

The cost for phase one on the project will be $192.7 million. The price tag for the total project will be $411 million.

Read more at the San Antonio Business Journal.

San Antonio condo sales increase in first half 2014 

(7/2/2014)

SAN ANTONIO - The condo concept is gaining in popularity among Texas’ would-be homebuyers — including those looking to plant roots in San Antonio, according to the 2014 Condominium Mid-Year Sales Report by the Texas Association of Realtors (TAR).

Between January and May of this year, 271 condominiums were sold in San Antonio. That figure equates to an 18 percent jump from the number of condos sold the year prior.

The median price in the local condo market currently stands at $105,300 — a 9 percent gain from the same period in 2013.

To date, condos in greater San Antonio are spending 95 days on the market. There are currently 269 sales pending — a 25 percent increase from the number of pending closings the year prior.

Read more at the San Antonio Business Journal or the Texas Association of Realtors.

San Antonio Marriott Northwest sold, ready for makeover 

(7/2/2014)

SAN ANTONIO - The 296-room Marriott San Antonio Northwest Hotel has been acquired by Los Angeles-based Laurus Corp. Plans are to invest $16 million to upgrade the property.

The hotel, located near I-10 and Loop 410, has approximately 8,500 sf of meeting and banquet facilities — including a 6,084-sf ballroom.

It is the only full-service Marriott hotel in San Antonio not situated in the downtown area.

Read more at the San Antonio Business Journal.

San Antonio Westside Multimodal Transit Center approved 

(7/1/2014)

SAN ANTONIO - The Board of Directors of VIA Metropolitan Transit in San Antonio have approved the 90,000-sf second phase of the Westside Multimodal Transit Center.

The space is designed to draw people in for food, entertainment and leisure. When completed, the plaza will span an entire city block.

It will be surrounded by a metal and glass Grand Canopy that will be equipped with a photovoltaic panel that will be used to generate electricity for the majority of the facility’s lighting.

The entrance to the plaza will be located at the corner of Houston and Frio, adjacent the historic and newly renovated I&GN Station.

The project is expected to break ground during July.

Read more at Multi-Housing News.

NAR: San Antonio housing trends 1Q 2014 

(7/1/2014)

SAN ANTONIO - First quarter 2014 housing data have been released for the San Antonio market by the National Association of Realtors.

Local Price Trends
Price Activity San Antonio U.S. Local Trend
Current Median Home Price (1Q 2014) $169,300 $191,567 Prices continue to grow
relative to last year
1-year (4-quarter) Appreciation (1Q 2014) 8.0% 8.9%
3-year (12-quarter) Appreciation (1Q 2014) 14.0% 21.3%
3-year (12-quarter) Housing Equity Gain* $20,800 $33,633 Gains in the last 3 years
have extended the trend
of positive price growth
after the recession
7-year (28 quarters) Housing Equity Gain* $21,000 -$22,533
9-year (36 quarters) Housing Equity Gain* $45,700 -$8,000

*Equity gain reflects price appreciation only.

Click here for the NAR 1Q 2014 and 4Q 2013 San Antonio full report.

Source: National Association of Realtors courtesy of Prudential Ada Realtors.

Also see more Housing data under San Antonio Market Data Sources.

Norris Conference Centers nabs 33,000 SF at Park North 

(7/1/2014)

SAN ANTONIO - Norris Conference Centers has signed a long-term lease at Park North — the retail/entertainment complex spanning nearly 1 million sf along Loop 410, between Blanco Rd. and San Pedro Ave.

The company’s new facility will span more than 33,000 sf and will feature five meeting rooms and two premiere Red Oak Ballrooms.

The ballrooms have become a popular site for social events, including wedding receptions and corporate functions.

Read more at the San Antonio Business Journal.

365,000-SF Resolute Health opens in New Braunfels 

(6/30/2014 7:10:00 AM)

NEW BRAUNFELS - Resolute Health Hospital, spanning 365,000 sf and situated on 56 acres has opened in a newly developed area of New Braunfels. The $110 million, five-story structure sits on a 58-acre greenfield site.

The 128-bed for-profit hospital, near the New Braunfels Town Center at Creekside on FM 306, is owned by Resolute Health and its publicly-traded parent company, Tenet Healthcare Corp.

The network offers a discount program, ResoluteCare, for people with high-deductible health plans or who can't afford an insurance plan on the federal exchange and do not qualify for Medicaid. For a monthly fee, members get unlimited access to urgent and primary care services.

The new hospital, which has hired more than 350 employees since the beginning of May, will offer a full range of medical services, including emergency care, cardiac care, orthopedics, cancer treatment and obstetrics.

The new hospital is serving Comal, Guadalupe and Hays Counties. See previous story More skin on New Braunfels $110M hospital.

Read more at the San Antonio Express-News.

Presidium buys Sentinel Pointe in Midtown San Antonio 

(6/30/2014)

SAN ANTONIO - Presidium Group LLC has closed on the purchase of Sentinel Pointe. The 91-unit community is located at 1235 E. Mulberry Ave., in San Antonio’s burgeoning Midtown market.

Presidium plans to make a significant investment to reposition the complex — including rebranding the property.

Read more at the San Antonio Business Journal.

Unique 121-acre in purchased in Texas Triangle 

(6/27/2014)

SEGUIN - Rockspring Capital has purchased a 121-acre industrial, development-ready site. The property is located off of I-10 E, between a Caterpillar engine plant and Caterpillar general supplier, near the new SH 130 toll road.

The site is about 160 miles west of Houston, 40 miles from San Antonio and 50 miles from Austin.

The land can accommodate a large industrial user or two or three smaller facilities. “This property is development-ready and has close access to two main corridors. This is truly a unique find,” said Jim McAlister IV, President and CEO of Rockspring Capital.

Read more at Realty News Report.

San Antonio: more oil, gas unleash Southton Rail Yard 

(6/27/2014)

SAN ANTONIO - Southton Rail Yard, which opened six months ago to serve the Eagle Ford Shale, is already undergoing its first expansion.

The 300-acre rail transloading operation, located at Loop 410 South and I-37, is adding 6,000 feet of rail to its existing 25,000. It is also installing six new storage silos to supply sand energy-industry customers use during the hydraulic fracturing process that unleashes oil and gas from the shale.

Further expansion could be in Southton’s near future if the site lands two new tenants interested in taking truck shipments of Eagle Ford crude oil for transport to refining centers via rail.

Booming South Texas production has taxed pipeline infrastructure, requiring oil companies to transport much of their output by train.

Read more at the San Antonio Business Journal.

San Antonio mission: 1,100 cybersecurity jobs to Airmen 

(6/26/2014 8:00:00 AM)

SAN ANTONIO - The House Armed Services Committee has announced that 1,100 Airmen will be coming to the Alamo City.

Of those 1,100 jobs, 438 will be based at the Lackland Medina Annex, which will consist of one group and three squadrons.

Another 600-plus personnel will be based throughout San Antonio to support various cybersecurity missions. In addition, 64 leadership positions will be created as a result of this action.

Read more at the San Antonio Business Journal.

327 Sunset just rising in San Antonio 

(6/25/2014 6:15:00 AM)

SAN ANTONIO - A new multifamily community, to be known as 327 Sunset, is underway at 327 W. Sunset.

The Class A apartments of one-, two- and three-bedroom units at 327 Sunset will range in size from 612 sf to 1,540 sf. The gated community will feature a swimming pool, outdoor kitchens and a parking deck.

327 Sunset is the latest project in San Antonio from Flournoy, a development, construction and property management company based in Columbus, Georgia.

The first units are expected to be ready February 2015.

Read more at the San Antonio Express-News.

Walmart brings 150,000-SF store to San Antonio's West Side 

(6/24/2014)

SAN ANTONIO - Walmart Stores Inc. has celebrated the groundbreaking of its new store on the city’s West Side. Plans call for a 150,000-sf Supercenter to be located at 918 Bandera Rd., in the Woodlawn Lake community.

The Supercenter will bring a new fresh-food option and a full-service pharmacy to area shoppers. Just as important, however, is the fact that the store will create 300 jobs in the community.

Read more at the San Antonio Business Journal.

Mattress Firm beds down in double size S.A. operation 

(6/24/2014)

SAN ANTONIO - Mattress Firm, the Houston-based mattress retailer, is moving into a 70,000-sf warehouse at the Perrin Creek Corporate Center on the Northeast Side.

This move will double the size of its San Antonio operation.

The company's new distribution center is located at 9440 Ball St., Building 1.

Read more at the San Antonio Express News.

Sale of Villa Rosa Medical Plaza to American Healthcare 

(6/23/2014)

SAN ANTONIO - The 68,000-sf Villa Rosa Medical Plaza office building has been sold to American Healthcare Investors. Located in the South Texas Medical Center, the three-story structure is anchored by Christus Health and was formerly owned by L&B Realty Advisors.

The medical office building is situated on the Christus Santa Rosa Medical Center campus but has a long-term ground lease.

The building opened in 2010.

Read more at the San Antonio Business Journal.

288-Unit Vantage at Kitty Hawk sold in Converse 

(6/23/2014)

CONVERSE, BEXAR COUNTY - The 288-unit Vantage at Kitty Hawk, located at 7461 Kitty Hawk Dr., has been sold to a private party.

The community was 97 percent occupied at the time of the sale.

The seller was AOH-Vantage at Kitty Hawk LLC of San Antonio.

Read more at the San Antonio Business Journal.

Alamo City H-E-B adds fine dining with Stone Oak restaurant 

(6/20/2014 6:44:00 AM)

SAN ANTONIO - H-E-B has opened the company’s first full-service restaurant in San Antonio inside the H-E-B Market at Stone Oak in far North Central San Antonio.

Known as Oaks Crossing, the restaurant will serve lunch and dinner, Texas craft brews and a selection of wines. Diners will be able to order barbeque, Neapolitan-style pizzas, hot and cold sandwiches, salads, pasta bowls, Mexican food, hamburgers and desserts.

H-E-B Market at Stone is an 80,000-sf store located at 23635 Wilderness Oak. The store comes equipped with the company’s largest beer and wine section of all its San Antonio stores and expanded produce, deli and bakery departments.

The store and restaurant will employ some 350 people combined.

Read more at the San Antonio Business Journal.

Bexar County foreclosures hit 12-year low 

(6/20/2014 6:42:00 AM)

BEXAR COUNTY - The number of Bexar County properties headed to the foreclosure auction next month has hit its lowest mark in about a dozen years.

For July, 469 properties are listed for foreclosure, a 29.4 percent drop from July 2013, according to data from RexReport.com.

The number of distressed properties headed to the auction block is the lowest since September 2002. July marks 20 consecutive months with declining foreclosure postings, a trend that started in December 2012.

So far this year, there have been 3,744 foreclosure postings in Bexar County — an almost 30 percent drop from the first half of last year when there were 5,305 listings.

Foreclosure Postings Bexar County
  2012 2013 2014
July postings 1,173 664 469
Total postings
Jan.-July
8,398 5,305 3,744



Read more at the San Antonio Express-News.

San Antonio home prices up, inventory still low 

(6/19/2014 8:00:00 AM)

SAN ANTONIO - May brought another all-time high for the Alamo City housing sector, according to the May 2014 Multiple Listing Service report by the San Antonio Board of Realtors (SABOR).

As of May 30, the average price of a home in the greater San Antonio area stood at $225,114 — an all-time-high for the market.

Even at an average price of $225,000, homes in San Antonio are still selling — 9,179 homes have been sold since January.

As home prices continue to remain strong, the price per square foot has also increased to its highest — $102 and inventory remains low at 4.7 months.

Read more at the San Antonio Business Journal. Also see SABOR: home sales by units sold May 2014.

Seguin: Power Plant Grill(s) up dining in 1890's power plant 

(6/19/2014)

SEGUIN, GUADALUPE COUNTY - The old Municipal Power Plant will soon be humming with an electric atmosphere once again. The historic building that first supplied water and electric utility systems in the 1890’s has reopened its doors as The Power Plant Texas Grill.

Renovations to the property included a 3,650-sf new dining and restroom area, a 1,500-sf new kitchen area, renovations to the 4,250-sf existing building and a 5,600-sf new outdoor dining area. These renovations were estimated at $1.3 million according to the Texas Department of Licensing and Regulation.

While the restaurant is now open to the public, The Power Plant Texas Grill will hold a grand opening July 4 weekend.

Read more at the Seguin Gazette-Enterprise.

New WestRidge One in NW San Antonio full 

(6/18/2014 7:14:00 AM)

SAN ANTONIO - The new Class A WestRidge at La Cantera complex has been chosen as the global headquarters for Harland Clarke Holdings Corp. and its wholly owned subsidiary Harland Clarke.

The two firms will occupy all of WestRidge One with 129,000 sf.

A leading provider of marketing and education services and transaction solutions, Harland Clarke is slated to relocate its corporate offices to WestRidge One in late 2014.

WestRidge One is one of several buildings planned for the WestRidge at La Cantera development — a master-planned office park spanning 42 acres of land along La Cantera Parkway.

Read more at the San Antonio Business Journal.

Okla.-Panhandle Oil grabs land in South Texas 

(6/18/2014)

SAN ANTONIO - Oklahoma City-based Panhandle Oil and Gas Inc. has closed its $80.4 million purchase of a 16 percent interest in 1,775 net acres in the Eagle Ford Shale oil-and-gas formation.

The acreage block contains 63 producing wells, four in drilling or completion stage and 109 undeveloped locations inside South Texas' oil-rich LaSalle and Frio counties. Cheyenne Petroleum Co. will continue to serve as operator for the wells.

The Eagle Ford acreage in which Panhandle purchased a stake has proved reserves of 1.7 million barrels of oil, 1.7 million cubic feet of gas and 297,000 barrels of natural gas liquids.

Read more at the San Antonio Business Journal.

San Antonio International Airport finishes $36M project 

(6/17/2014)

SAN ANTONIO - San Antonio International Airport officials have announced that the $35.6 million renovations to Terminal A are ready to be unveiled.

The 30-year-old terminal now has a brighter and more modern look, with new finishes, fixtures and furniture. The terminal’s hold room, restrooms, ticket lobby, ticket counters, baggage claim area and food courts have also been updated, along with airport signage.

In late 2010, San Antonio International opened Terminal B. That four-level, $158 million project included construction of eight passenger gates.

Read more at the San Antonio Business Journal.

Univar delivers chemistry to Alamo Junction Rail Park 

(6/16/2014)

ELMENDORF, BEXAR COUNTY - Univar Inc., a world leader in the distribution of chemistry and related products and services, has broken ground on a new 52,000-sf facility that sits on 12 acres.

The facility, located in the Alamo Junction Rail Park, is currently under construction, and is expected to be operational by the end of the year.

Univar plans to expand its presence in Elmendorf during construction by relocating a few key employees and hiring approximately 20 people in the first year of operation.

For more information, see the press release from Univar.

Alternivest Healthcare claims 30 New Braunfels acres 

(6/15/2014)

NEW BRAUNFELS - San Antonio-based Alternivest Healthcare has purchased approximately 30 acres. The property is located at the southeast corner of FM 306 (Barbarosa Rd.) and FM 1101 across the street from Tenet Healthcare’s Resolute Health Hospital, which will open next month.

Alternivest plans for the site to be master-developed as an age-in-place destination, with a medical office building, skilled nursing facility and assisted-living/memory care facility.

Read more at Globe St.

For more information about Tenet Healthcare’s Resolute Health Hospital opening next month, see our story More skin on New Braunfels $110M hospital.

SABOR: home sales by units sold May 2014 

(6/13/2014 7:00:00 AM)

SAN ANTONIO - San Antonio Board of Realtors (SABOR) released home sales data for May 2014. Some quick facts include:

•  The median price of existing single-family homes increased to $175,000 up 4.8 percent vs. April 2014.
•  Existing single-family home sales increased 7.0 percent from April 2014 for a May 2014 total of 1,949 sold units.
•  Condos increased in price to $117,000 up 6.4 percent vs. April 2014.
•  Existing condo sales increased 7.5 percent in May 2014 over April 2014 for a total of 72 sold units.

Select region cities are represented below along with statistics from the SABOR MLS area as a whole.

SABOR May 2014 Regional Sales and Price Activity
MLS Wide Median Price
May 2014
Price Chg.
vs. May 2013
Units Sold
May 2014
Sales Chg.
vs. May 2013
SABOR
(single-family)
$175,000 4.8% 1,949 -10.6%
SABOR (condo) $117,000 36.8% 72 46.9%
Region Cities*        
San Antonio $168,000 7.7% 1,301 -14.7%
New Braunfels $180,500 -12.0% 92 16.5%
Schertz $180,000 4.7% 59 47.5%
Boerne $305,000 3.4% 57 -10.9%
Helotes $224,250 -18.5% 44 -4.3%
Cibolo $181,500 7.7% 40 -28.6%
Converse $125,000 10.1% 40 -18.4%
Canyon Lake $177,000 -9.2% 25 25.0%

*Region Cities' data include single-family only and represents eight select cities sorted by number of units sold.

See Housing under San Antonio Market Data Sources or see the full report from San Antonio Board of Realtors.

Springwood's Class B, 176-units sold in San Antonio 

(6/13/2014)

SAN ANTONIO - Calton Investments Inc. has purchased Springwood, a 176-unit, Class B community located at 1400 Gardina St. in the northwest submarket, from Blue Valley Apartments Inc.

The 30-year-old community is 90 percent occupied. Average rents range from $0.92 to $1.11 per sf. The community features one- and two-bedroom floor plans, ranging in size from 470 sf to 770 sf.

The garden-style community is situated on 5.1 acres. Property amenities include a park & ride nearby, clubhouse, handicapped modified, swimming pools and perimeter fence.

Read more at O'Connor & Associates.

Nexus Medical grabs 35,000 SF in New Braunfels 

(6/12/2014)

NEW BRAUNFELS - Nexus Medical Consulting has signed a long-term lease to occupy 35,000 sf at the Heritage Business Center at 1650 Independence Dr.

The Heritage Business Center was previously the headquarters for The Scooter Store — a provider of power chairs and mobility scooters that filed for Chapter 11 bankruptcy protection in April 2013.

The space will serve as the new headquarters for Nexus. The company headquarters were previously in the City of San Marcos since the company was founded in 2009.

In all, 120 employees will be making the move from San Marcos to New Braunfels. Ed Bolton, president of Nexus, says that the new space in New Braunfels can accommodate the addition of about 100 more employees — a threshold he expects the firm will meet within 18 months.

Heritage Oaks complex spans 192,000 sf — space that is spread out over a three-story building of 105,000 sf and a two-story building of 80,000 sf. Nexus will move into the third story of the larger building.

Read more at the San Antonio Business Journal.

$40M Solar park hot for Brackettville 

(6/12/2014)

BRACKETTVILLE, KINNEY COUNTY - North American Development Bank officials and OCI Solar Power LLC have signed a $40 million loan agreement that will finance the construction of the Alamo 4 Solar Park.

Construction has already begun and the solar park should go online in October 2014.

The project involves designing, building and operating a solar generating station of 39.6 megawatts of power. It will be built on two contiguous parcels of land totaling 633 acres.

The solar park will be connected via an existing transmission line to the Brackettville substation located next to the northwest corner of the site.

The amount of energy generated by this plant should be equivalent to 5,200 households. The solar power generated by the project will be purchased by San Antonio’s CPS Energy.

Read more at the San Antonio Business Journal.

Swedish H&M opens in The Shops at La Cantera in San Antonio 

(6/12/2014)

SAN ANTONIO - Hennes & Mauritz AB — the store better known as H&M — has opened with a 27,000-sf store in The Shops at La Cantera.

H&M’s La Cantera store features the Swedish retailer’s line of clothes for ladies, men, young ladies, young men and children.

The San Antonio shop features a store-within-a-store for its collections of accessories, sports apparel, maternity wear and plus-size.

Read more at the San Antonio Business Journal.

San Antonio Southside's master-planned Mission Del Lago sold 

(6/11/2014 6:31:00 AM)

SAN ANTONIO - Mission Del Lago — a master-planned community that spans 800 acres in South San Antonio — has been purchased by Austin-based SouthStar Development Partners Inc.

Mission Del Lago features the 17-mile Medina River Trail, the Jim Mattox Park and the Mission Del Lago Golf Course and clubhouse. The Julian G. Gallardo Elementary School is located onsite.

The original plan for Mission Del Lago called for 2,300 single-family homes. To date, the community boasts 500 residences and 850 multifamily units.

Mission Del Lago is the only master-planned golf-course community on the South Side.

Read more at the San Antonio Business Journal.

San Antonio: 100,000 SF One51 Office Centre announced 

(6/11/2014 6:29:00 AM)

SAN ANTONIO - Stream Realty announced its latest office development, the 100,000 sf One51 Office Centre. The building is situated on 8.3 acres at 10162 Hwy. 151 in the Westover Hills master-planned development.

This master-planned corporate environment provides energy-efficient systems including dual low-E glass windows, ample green space with mature trees to complement the landscape, and a floor plate design to accommodate tenants from 22,000 to 100,000 SF.

Parking will be at a 6:1,000 ratio. Stream expects to break ground this August.

Read more at PRNewswire.

REOC: San Antonio 1Q 2014 MOB 

(6/10/2014 6:45:00 AM)

SAN ANTONIO - The citywide medical office market experienced 77,204 sf of positive net absorption in first quarter, according to REOC San Antonio.

Although the addition of new space caused the citywide vacancy rate to tick up slightly to 17.2 percent compared to 16.8 percent last quarter, it stands slightly improved compared to 17.8 percent recorded a year ago.

The growing medical hub along the Hwy. 151 corridor in Westover Hills was a major contributor to the San Antonio medical office market in the first quarter.

Two new medical office buildings totaling 115,000 sf were delivered which raised the citywide inventory of medical-only office space to more than 6.5 million sf.

REOC San Antonio: 1Q 2014 MOB
All Types Citywide CBD Non-CBD
1Q 2014 1Q 2013 1Q 2014 1Q 2013 1Q 2014 1Q 2013
Inventory 6,511,864 6,379,293 1,012,037 1,012,037 5,499,827 5,367,256
Available 1,122,031 1,135,137 82,060 101,346 1,039,971 1,033,791
Vacant 17.2% 17.8% 8.1% 10.0% 18.9% 19.3%
Average Rent $23.83 $23.72 $20.78 $20.71 $24.40 $24.31
1Q Absorption 77,204 141,532 0 20,995 77,204 120,537


For the full report see REOC San Antonio Medical Office Buildings (MOB).

San Antonio energy boom doubles oil, gas jobs 

(6/9/2014 7:45:00 AM)

SAN ANTONIO - The number of San Antonio-area workers employed in oil-and-gas exploration, production and transportation has more than doubled since 2009 and the start of the Eagle Ford Shale energy boom.

At the end of April 2014, 9,537 people in the San Antonio-New Braunfels MSA worked in those fields, up 121 percent from the same month in 2009, according to data compiled by job-placement agency Workforce Solutions Alamo. The San Antonio metro area includes Bexar and seven surrounding counties.

At $93,607 per year, the oil-and-gas extraction industry boasted the highest annual average salary of the four categories in Workforce Solutions’ analysis, followed closely by oil-and-gas pipeline construction, which averaged $92,687 per year.

The remaining two categories — oil-and-gas support and oil-and-gas equipment manufacturing — averaged $78,244 and $59,216 respectively.

As the nearest big city to the 24-county Eagle Ford, San Antonio has benefited from its available workforce and infrastructure.

Major oilfield service companies including Halliburton and Baker Hughes have opened large campuses here, and homegrown companies including Lewis Energy Group also have drawn from the labor pool.

Read more at the San Antonio Business Journal.

REOC: San Antonio 1Q 2014 retail 

(6/6/2014 7:00:00 AM)

SAN ANTONIO - According to the survey of nearly 47 million sf of retail lease space, healthy tenant demand generated 288,308 sf of positive net absorption in the first three months of the year, according to REOC.

This absorption tightened the citywide vacancy rate to 10.1 percent compared to 10.3 percent in 4Q 2013 and 11.0 percent recorded in 1Q 2013.

At the close of 1Q 2014, the citywide average quoted triple net rental rate stepped back $0.18 compared to 4Q 2013 to settle at $16.42 per sf per year. However, the current average is up $0.82 compared to the 1Q 2013 for an upbeat annual increase of 5.3 percent.

REOC San Antonio: 1Q 2014 Retail
All Types Citywide CBD/South Non-CBD/North
1Q 2014 1Q 2013 1Q 2014 1Q 2013 1Q 2014 1Q 2013
Inventory 46,999,000 46,818,085 6,365,096 6,369,211 40,633,904 40,448,874
Available 4,736,494 5,151,056 743,030 835,171 3,993,464 4,315,885
Vacant 10.1% 11.0% 11.7% 13.1% 9.8% 10.7%
Average Rent $16.42 $15.60 $14.71 $14.57 $16.55 $15.70
1Q Absorption 288,308 -4,818 55,652 9,952 232,656 -14,770


See the full report at REOC San Antonio.

REOC: San Antonio 1Q 2014 industrial 

(6/5/2014 6:45:00 AM)

SAN ANTONIO - After turning in a tremendous performance in 2013, the San Antonio industrial market recorded a positive but measured start in 2014, according to REOC San Antonio.

According to the survey of nearly 33.7 million sf of industrial lease space, new leases and expansions inked in 1Q 2014 netted 230,787 sf of positive absorption.

1Q 2014 marked a twelfth consecutive quarter of positive net absorption.

Over that period, the citywide vacancy rate tightened from 13.2 percent to 6.7 percent — that is down from 6.8 percent in 4Q 2013 and 9.1 percent recorded in 1Q 2013.

With vacancy on the decline, rental rates are on the rise. The citywide average quoted triple net rental rate for industrial space increased to $7.58 per sf per year – up $0.19 or 2.6 percent compared to 1Q 2013.

REOC San Antonio: 1Q 2014 Industrial
All Types Citywide CBD Non-CBD
1Q 2014 1Q 2013 1Q 2014 1Q 2013 1Q 2014 1Q 2013
Inventory 33,668,050 32,015,187 233,395 233,395 33,434,655 31,781,792
Direct vacant 2,270,372 2,913,519 28,548 40,460 2,241,824 2,873,059
Vacant 6.7% 9.1% 12.2% 17.3% 6.7% 9.0%
Average rent $7.58 $7.39 $3.60 $3.48 $7.61 $7.43
1Q Absorption 230,787 318,855 0 0 230,787 318,855


For the full report and a submarket map, see REOC San Antonio.

Live Oak to root Hilton Garden Inn-Conference Center 

(6/4/2014)

LIVE OAK, BEXAR COUNTY - San Antonio-based Phoenix Hospitality Group (PHG) will take the lead on bringing a 139-room Hilton Garden Inn and Conference Center to the City of Live Oak.

The hotel will be located at the intersection of I-35, Pat Booker Rd. and Loop 1604 East — near to the Forum Shopping Center.

Counting the Forum's surrounding retail businesses, the new hotel construction and planned development at the now-demolished Live Oak Civic Center, this area will soon offer 1.5 million sf of shopping and restaurants, PHG officials said.

The Live Oak Conference Center will feature 14,000 sf of meeting, banquet and convention space, making it among the largest full service hotel and conference facility in north San Antonio.

The conference center alone will be able to accommodate up to 800 people, according to Ed McClure, PHG's chief executive officer.

PHG expects to break ground this summer, and have worked with the City of Live Oak on the project since last year.

Read more at MySA.com.

$50M Big Tex multifamily underway in San Antonio CBD 

(6/3/2014 7:00:00 AM)

SAN ANTONIO - Big Tex — a $50 million plan to turn the former Big Tex Grain Co. into an eclectic urban residential community — is underway.

Lifshutz Cos. LP and NRP Group LLC aim to turn the property that once housed a livestock-feed manufacturer and grain retailer and wholesaler into multifamily housing for the Central Business District.

Plans call for 336 units and 6,000 sf of ground-floor retail space.

Read more at the San Antonio Business Journal.

Microtel pops up in Kenedy 

(5/28/2014)

KENEDY, KARNES COUNTY - Hospitality Management Corp. (HMC) has announced the opening of a newly built Microtel Inn & Suites by Wyndham in Kenedy, one hour south of San Antonio. The Eagle Ford Shale oil and gas development is a powerful magnet for different kinds of businesses, including hotels.

The hotel is located at 333 N. Sunset Strip Dr., accessible from TX-181.

The new development is a 100 percent nonsmoking facility and offers 83 guest rooms. It marks the 16th hotel the company has acquired and managed in Texas.

Read more at Multi-Housing News.

Former church goes to Uptown Square 

(5/27/2014)

SAN ANTONIO - A new Class A office building has entered the local market. Known as Uptown Square, the multitenant property is located at 1270 N. Loop 1604 on the city’s far North Central Side.

The landlords converted the former Harvest Fellowship Community Church to create Uptown Square, which spans 36,478 sf.

The property already has one office tenant. Rialto Homes has signed a lease for 3,658 sf. The building leases at $17 per sf per year.

Read more at the San Antonio Business Journal.

San Antonio aircraft backlog to boost employment to 1,000 

(5/22/2014)

SAN ANTONIO - San Antonio-based GDC Technics Ltd., the former Gore Design Completions Ltd., may expand its local employment by as many as 350 over the next year based on a growing backlog of work installing custom interiors for head-of-state and corporate aircraft.

Based on the aircraft we’re expecting this year and 2015, we could get up to 1,000 people by this time next year,” GDC Sales and Marketing Director Joe Barrett said via phone from Switzerland’s EBACE 2014 trade show.

GDC, which last year renewed the lease on its 145,000-sf facility at Port San Antonio, remains committed to growing in the Alamo City, Barrett adds.

Barrett says GDC’s expanded service offerings could include engineering work, maintenance and major modifications including installation of new communication equipment. The company also could target work on specialized government aircraft such as surveillance planes

GDC currently employs 650 at Port San Antonio.

Read more at the San Antonio Business Journal.

Briggs Ranch Golf Club sells links in San Antonio 

(5/21/2014 6:00:00 AM)

SAN ANTONIO - Briggs Ranch Golf Club ownership has sold the links development at 13777 Briggs Ranch, located 20 miles west of downtown.

The golf course features bent grass greens and Zeon Zoysia fairways, the only ones of their kind in Texas.

A partnership led by Massachusetts-based Z Golf Properties LLC President and CEO Michael Zmetrovich has acquired the private club, which was developed in 2001. The new owners say club members can expect to see improvements to Briggs Ranch.

Tom Fazio designed the course.

Read more about the sale at the San Antonio Business Journal. To find out more, see Briggs Branch Golf Club.

San Antonio 1Q 2014 office REOC 

(5/21/2014)

SAN ANTONIO - REOC's first quarter 2014 survey of more than 28.4 million sf of office lease space. New leases and expansions inked this quarter helped to generate 335,672 sf of positive net absorption in the first three months of this year.

That is more than accumulated for all of last year and, particularly, a marked improvement compared to the flat performance recorded in 4Q 2013, which yielded less than 35,000 sf.

Overall, the citywide vacancy rate improved to 18.4 percent compared to 19.5 percent 4Q 2013 and 19.8 percent recorded in 1Q 2013. The citywide average cost for renting Class A space stands at $25.27 — up $0.40 or 1.6 percent compared to a year ago.

San Antonio 1Q 2014 Office Report*
All Classes Citywide CBD Non-CBD
1Q 2014 1Q 2013 1Q 2014 1Q 2013 1Q 2014 1Q 2013
Inventory 28,417,306 28,051,679 5,728,263 5,655,355 22,689,043 22,396,324
Direct Vacant 5,222,040 5,550,560 1,596,113 1,681,014 3,625,927 3,869,546
Vacant 18.4% 19.8% 27.9% 29.7% 16.0% 17.3%
Average rent $19.77 $19.34 $19.86 $19.36 $19.76 $19.34
1Q absorption 335,672 120,762 120,222 21,196 215,450 99,566
YTD absorption 335,672 120,762 120,222 21,196 215,450 99,566

Statistical information is calculated for multitenant office bldgs. 20,000 sf and larger (excluding single-tenant, owner-occupied, gov't and medical buildings.

For the full report see REOC San Antonio. For more stats, see Office under San Antonio Market Data Sources.

Homes selling faster than pancakes in San Antonio area 

(5/21/2014)

SAN ANTONIO, BEXAR COUNTY - Last month, 2,133 homes sold, according to the San Antonio Board of Realtors. That's the most in a single month this year and a 7.2 percent jump compared to the same month last year, when there were 1,989 home sales.

So far this year, there have been 6,814 home sales, a 4.7 percent jump from the first four months 2013.

In April, homes stayed on the market an average of 71 days, a 15 percent drop from the same time last year. Housing inventory held steady at 4.5 months, which indicates a favorable market for sellers.

The median home price for a single-family home also rose in April to $176,000. That's a 4.6 percent jump from last year when the median home price in April 2013 was $168,300. April marked 30 consecutive months with rising year-over-year sales prices.

Aside from steady job growth, San Antonio's housing affordability is what continues to drive the market.

San Antonio Area Home Sales: April 2014
April Home Sales April Median Home Price
2014 2013 Change 2014 2013 Change
2,133 1,989 7.2% 176,000 168,300 4.6%


Source: San Antonio Board of Realtors

Read more at the San Antonio Express-News. For more stats, see Housing under San Antonio Market Data Sources.

Aviator at Brooks City Base to take flight 

(5/19/2014 6:10:00 AM)

SAN ANTONIO - Brooks City Base will be collaborating with The PPA Group and locally based 210 Developers on a new multifamily project. Known as the Aviator at Brooks City Base, the project calls for the adaptive reuse of four structures that once served as living quarters for Air Force officers. Three new buildings will be constructed as well.

At buildout, Aviator will have 280 units ranging from 780 to 1,000 sf. Rents will range from $875 to $1,500 a month.

Construction on the complex is slated to begin in July. The project is scheduled to make its debut at the end of summer 2015.

The Aviator project is representative of a long-term play to turn Brooks into a thriving mix of residential, retail and commercial development.

Read more at the San Antonio Business Journal.

Landings, Belleza SA apartments to Pensam and Inland 

(5/19/2014)

SAN ANTONIO - The Landings at Brooks City Base has been purchased by Pensam Capital. While Inland Investments purchased Belleza at Cresta Bella.

The Landings at Brooks City Base is a 300-unit community is located at the corner of South New Braunfels and Sidney Brooks, on the grounds of the Brooks City Base development in Southeast San Antonio. The Landings debuted in 2012. To date, the complex is boasting an occupancy of better than 90 percent.

Belleza at Cresta Bella is an upscale 288-unit community located in the Cresta Bella area in Northwest San Antonio.

Both Pensam and Inland are the latest examples of the investor interest that continues to hone in on San Antonio’s apartment sector. The NRP Group LLC coordinated the sale.

Read more at the San Antonio Business Journal.

Rental rates in San Antonio hit record high 

(5/16/2014 8:15:00 AM)

SAN ANTONIO - The average rate for an apartment in the Alamo City is 99 cents per sf in first quarter, up nearly 4 percent from the same period last year, according to Austin Investor Interests.

Over the past four years, developers have built roughly 13,250 units in the San Antonio area. During that time, rents have jumped almost 20 percent.

Through 1Q 2014, construction started on 2,466 units, almost twice as many starts as 1Q 2013. An additional 1,520 apartments came on the market in 1Q 2014, a nearly 40 percent jump from 1Q 2013.

Despite the additional units, occupancy has not fluctuated much. Currently, the occupancy rate is 91.5 percent.

Top Five Rental Markets in San Antonio
Region Rental Rate* Occupancy
  Current Chg.** Current Chg.**
Downtown $1.50 5.3% 95% 7.3%
Far Northwest $1.23 3.7% 86.5% -3.5%
New Braunfels $1.10 4.0% 89.9% 2.9%
Northeast $1.10 5.1% 91.8% -3.0%
Far North Central $1.08 1.7% 90.4% -3.2%

*Rental rate represents the cost per sf.
**Change represents the percent change over the last four years.

Read more at the San Antonio Express-News. Don't miss the latest Multifamily trends under San Antonio Market Data Sources.

San Antonio a top renter market by Rent.com 

(5/16/2014)

SAN ANTONIO - In honor of May being National Moving Month, Rent.com and FlatRateMoving teamed up to create the Top 10 Cities for Renters on the Move. Four Texas cities made it into the top ten.

San Antonio came in at number 6 — behind Dallas-Fort Worth (number 5) and Austin (number 2), but ahead of El Paso, which took the number nine spot. Houston did not make the list.

The ranking highlighted San Antonio’s renowned River Walk and cultural venues like Artpace San Antonio.

Additionally, its population has grown by 4.2 percent since 2010 and has a vacancy rate of 9 percent — above the national vacancy rate of 8.2 percent.

Read more at the San Antonio Business Journal.

San Antonio bounces into ThinAir 

(5/13/2014)

SAN ANTONIO - ThinAir Trampoline Park, a 30,000-sf indoor recreation center, is set to open in Northwest San Antonio. The facility at 4902 Fredericksburg Rd. (next to Graham Central Station) will feature a large trampoline field, a trampoline dodgeball stadium and basketball hoops.

There will also be slacklines, foam pits and a Ninja Warrior obstacle course.

ThinAir will hold dodgeball tournaments, trampoline “airobics” classes and club nights with lasers and DJs.

The club will have a soft opening during the week of May 19 and the grand opening will be in June.

Read more at MySA.com.

Largest Candlewood lights up Fort Sam Houston 

(5/13/2014)

JOINT BASE SAN ANTONIO - What is to become the largest Candlewood Suites hotel in the world is progressing toward a scheduled open date in July 2014. The 153,685-sf Fort Sam Houston Candlewood Suites hotel is located in Joint Base San Antonio.

The expansive project will be five stories will turn into 310 studio and one-bedroom suites with fully equipped kitchens and generous work areas in each room.

Hotel amenities will include a swimming pool with patio pavilion, business and fitness centers, guest laundry facilities, a breakfast bar and on-post shuttle service.

The hotel development is part of Privatization of Army Lodging, an Army-led program established to revitalize on-post lodging facilities for service members, their families and all government travelers.

Read more at Multi-Housing News.

276 Homes headed to San Antonio’s I-10 corridor 

(5/13/2014)

FAR NORTHWEST SAN ANTONIO - KB Home has purchased 78 acres along the I-10 corridor on Old Fredericksburg Rd. and Ralph Fair Rd. for Mirabel, a community to contain 276 'Built to Order' homes. Development is scheduled to begin in September 2014, with a grand opening anticipated in spring 2015.

Mirabel will offer four one-story and 12 two-story floor plans ranging from 2,004 sf to 4,094 sf and featuring up to five bedrooms and three baths. Planned amenities include a community park and pool.

San Antonio’s Far Northwest submarket is known for its rolling Hill Country terrain, abundant attractions and top-rated schools. Mirabel will be a short drive to Northside ISD schools.

Read more at Business Wire.

The Reserves home-lot section opens in New Braunfels 

(5/13/2014)

NEW BRAUNFELS - Vintage Oaks has opened two model homes in The Reserve, its first home-lot neighborhood.

According to a news release, The Reserve at Vintage Oaks features homes from the $400,000s. Residents will have access to three pools, a lazy river and a clubhouse. The community also has neighborhood parks, athletic fields, tennis courts and miles of nature trails.

The Reserve will offer 14 floor plans ranging from 2,500 sf, with dozens of facades, features and finish options. All homes will be constructed on one-plus-acre home sites.

Read more at the New Braunfels Herald-Zeitung.

University Park Tech Center III, IV sold in San Antonio 

(5/12/2014)

SAN ANTONIO - Clarion Partners has purchased University Park Tech Center III and IV. The two Class A office buildings total 165,007 sf.

The two buildings are located within the University Park development, a 3.2 million-sf master-planned business park that spans 176 acres and sits 12 miles northwest of downtown San Antonio.

University Park Tech Center III and IV were developed in 2001 and 2002. The buildings are fully occupied by two tenants.

This is Clarion’s second acquisition in the University Park Tech Center. Previously, it purchased Tech Center I and II.

Read more at GlobeSt.com.

H-E-B progress on downtown culinary school 

(5/12/2014)

SAN ANTONIO - H-E-B is making progress on its planned culinary center and cooking school at the corners of South Flores and Arsenal St.’s near its headquarters.

A local design firm has filed architectural records for the second floor of the three-story facility at 641 S. Flores St. The grocer is building a commercial kitchen and about 20,000 sf of office space to train employees in the culinary arts while developing its own brand products and recipes.

H-E-B also will use the cooking school to prepare workers and design menus for its expanding restaurant business, which includes the full-service Oaks Crossing restaurant it will open next month in Stone Oak, adjacent to the store H-E-B is developing there.

The culinary school also should support the grocery chain's prepared-food offering and in-house restaurants.

The renovation cost is now at $9.6 million according to records from the Texas Department of Licensing and Regulation. The school is expected to open late summer 2014.

Read more at the San Antonio Express-News.

Texas Center for Athletes sells building in NW San Antonio 

(5/8/2014)

SAN ANTONIO - A subsidiary of Senior Housing Property Trust has purchased the Texas Center for Athletes, a 128,347-sf medical office building adjacent to the Spurs' training facility in Northwest San Antonio.

Located at 21 Spurs Ln. within the South Texas Medical Center, the four-story, Class A property was 98 percent leased at the time of the sale.

Built in 2006, the facility includes a surgery center, pharmacy, therapeutic spa and on-site deli.

Read more at Texas Real Estate Business.

KACO new energy brings HQ to San Antonio 

(5/7/2014)

SAN ANTONIO - KACO new energy, a global PV inverter manufacturer, is relocating its North American headquarters from Grass Valley, California. KACO is moving into its 60,000-sf manufacturing and office space located at 4036 Binz-Engleman Rd.

KACO new energy's 60,000-sf hub in San Antonio will increase the company’s ability to expand its workforce and manufacturing capacity to serve the North American as well as Central and South American customers.

The manufacturing and office space will provide a state-of-the-art inverter and skid production center with the capability to accommodate at least 200 staff.

By June 2014, KACO will have completed the relocation of its headquarters and current staff from California to Texas.

Source: KACO new energy.

San Antonio 17,000 apartments planned 

(5/7/2014)

SAN ANTONIO - The wave of new apartment projects taking shape in San Antonio is actually helping to underscore this real estate sector’s signature stability. There are currently 10,800 apartment units under construction in the San Antonio area.

More than 7,000 units are slated to break ground over the next 12 months.

Over the first three months of 2014, more than 1,500 new apartment units were added to the market. The occupancy rate, however, remains at a healthy 92 percent, according to Austin Investor Interests.

Read more at the San Antonio Business Journal.

1Q 2104 San Antonio retail net absorption positive 1.1M SF  

(5/2/2014)

SAN ANTONIO - The San Antonio retail market experienced a slight improvement in market conditions in first quarter 2014. The vacancy rate went from 5.7 percent in the previous quarter to 5.5 percent in the current quarter.

Net absorption was positive 1,123,200 sf, and vacant sublease space increased by 28,864 sf. Quoted rental rates decreased from 4Q 2013 levels, ending at $14.03 per sf per year.

A total of 34 retail buildings with 1,015,441 sf of retail space were delivered to the market in the quarter, with 750,325 sf still under construction at the end of 1Q 2014.

Read more at CoStar Group.

Alamo City construction employment slight uptick 

(5/1/2014)

SAN ANTONIO - San Antonio’s construction industry has gone from an impressive showing of adding nearly 2,000 employees, to a more modest increase of 500 employees, according to the Associated General Contractors of America (AGC).

As of March 31, 2013, local contractors were reporting 42,300 employees. A year later, the employment count stood at 42,800 — an increase of 1 percent.

By comparison, over the 12 months ended February 28, 2014, local contractors had added another 1,900 employees to their payrolls — that equates to a 5 percent increase in employment.

AGC tracks the employment losses and gains of 337 cities, and then ranks the cities based on these figures. As of February 2014, the San Antonio metro was ranked No. 84. A month later, the city came in at No. 181.

Read more at the San Antonio Business Journal. Also see more San Antonio numbers under the Texas Workforce Commission.

Trio of SurePoint Self Storage to San Antonio, Schertz 

(4/30/2014)

SAN ANTONIO, SCHERTZ - Local investors have turned dirt on a new self-storage facility at I-35 and FM 1103 in the City of Schertz, just northeast of San Antonio. The state-of-the-art 113,000-sf facility is scheduled to open in January 2015.

On San Antonio's Northwest Side, investors also plan to turn dirt on two other storage facilities in 2014. Plans are in place to break ground in July on a 110,000-sf facility at the corner of NW Military Highway and George Rd.

Work on a third self-storage facility, also spanning 110,000 sf, is slated to begin in December. The project will be located at the corner of Bulverde Pkwy. and Roseheart, on the far North Central Side.

All three facilities will be branded under the moniker SurePoint Self Storage.

Read more at the San Antonio Business Journal.

Valley Hi H-E-B ready for business 

(4/29/2014)

SAN ANTONIO - A new 97,000-sf H-E-B store in the Valley Hi community is open on San Antonio’s South Side.

Located at 368 Valley Hi Dr., the new H-E-B spans nearly two and a half times the size of the previous store.

The Valley Hi store also is representative of a larger building campaign the grocer has kicked off in the Alamo City. “This H-E-B is one of 11 stores we plan to open or majorly remodel in the San Antonio area this year,” says Kim Harle of H-E-B.

The new Valley Hi store will feature one of the largest in-house pharmacies in the company’s chain of stores; an in-house cafe; and expanded seafood, beauty and produce departments.

Read more at the San Antonio Business Journal.

Home production rising in the Alamo City 

(4/28/2014)

SAN ANTONIO - Single-family home production during the first quarter jumped 7 percent compared to the same period last year.

In 1Q 2014 San Antonio-area home builders started construction on 2,192 houses, according to Metrostudy. During the same period last year, builders started 2,048 homes.

The 1Q 2014 total puts area builders on track to start 8,526 homes this year. Last year, builders started construction on 8,505 homes.

Home buyers closed on 1,955 homes during 1Q 2014, a 4.3 percent jump from the same time last year when there were 1,875 closings. Area home buyers are on track to close on 8,256 houses, a 5.7 percent increase. Last year's total was 7,813.

Lot supply has increased for three consecutive quarters. Current lot inventory is 18,384, rising 8.1 percent over that time.

Read more at MySA.com.

150 Units on the Lookout in San Antonio 

(4/28/2014)

SAN ANTONIO – The Lookout at Comanche Hill, a 150-unit Class A multifamily project, is coming to the Alamo City. The property is located on an infill site on Nacogdoches Rd.

The Lookout will contain both one-bedroom, one-bath and two-bedroom, two-bath units. Amenities include a swimming pool, outdoor kitchen, exercise room and dog park.

Construction is slated to break ground this summer and will be completed in 2015.

Read more at GlobeSt.com.

EdenHill Rehab center to open in New Braunfels 

(4/28/2014)

NEW BRAUNFELS - The Fischer Rehabilitation Center at EdenHill Communities will soon open in May. The skilled rehabilitation unit features one-bedroom suites with private baths that have walk-in showers.

Construction on the center at McQueeney Rd. and County Line Rd. was estimated at $7.7 million, according to state licensing.

Therapists will work with patients on fall prevention, pain management, wound care and post-surgical recovery. The facility will also provide outpatient therapy services.

Source: EdenHill Communities

Read more at the San Marcos Daily Record.

Freetail Brewing rolls out the barrels in location 

(4/24/2014)

SAN ANTONIO - Construction is currently underway on Freetail Brewing Co.'s second location, a 30,000-sf brewery that will have the initial capacity to brew 6,000 barrels of beer annually. The brewery will have the space to scale up production to about 60,000 barrels annually.

Scott Metzger, founder and CEO of Freetail, says that the facility is about 50 percent complete and the company expects to be making beer in early June 2014.

Freetail’s craft beers are expected to hit the market in 22-ounce bombers by mid-summer in the San Antonio area and surrounding counties. Freetail looks to sell beer in cans by the fall.

San Antonio’s Freetail Brewing Co. has partnered with Silver Eagle Distributors, which will be the exclusive wholesaler of the brewery’s products.

Read more at the San Antonio Business Journal and MySA.com.

Haunted house part of San Antonio apartment lofts 

(4/22/2014)

SAN ANTONIO - Gordon Wise, the co-owner of the defunct Nightmare on Grayson haunted house near the Pearl, lives in a loft apartment he built inside a former meat-processing warehouse on East Commerce St.

Just down the hall from his 2,000-sf apartment is a fully operational haunted house and what Wise calls the world's only Ouija board museum.

Wise and his partners want to make more of these apartments available so they have started work to build other units — as many as 16 apartments.

Units will range in size from about 800-sf studios to 3,500-sf three bedroom apartments. Spaces are built with repurposed materials, and units have an industrial character with finishes such as exposed brick walls, air ducts and plumbing and polished concrete floors.

Rental rates will range from about 80 cents per sf to roughly $1 per sf. The average rental rate for an apartment in that area of the city is about 80 cents per sf, according to Austin Investor Interests.

Some units are expected to be done in a matter of weeks. Wise said the entire complex could be complete and filled in about a year.

Read more at the San Antonio Express-News.

Market Trend: San Antonio's office vacancy stays at 10.9% 

(4/18/2014 6:45:00 AM)

SAN ANTONIO - The San Antonio Office market ended first quarter 2014 with a vacancy rate of 10.9 percent. The vacancy rate was unchanged over the previous quarter, with net absorption totaling positive 146,700 sf in 1Q. That compares to positive 193,256 sf in 4Q 2013.

Vacant sublease space decreased in the quarter, ending the quarter at 139,794 sf.

Rental rates ended the first quarter at $19.36, a decrease over the previous quarter.

A total of 12 buildings delivered to the market in the quarter totaling 231,401 sf, with 629,446 sf still under construction at the end of the quarter.

This trend is compared to the U.S. National Office vacancy rate, which decreased to 11.5 percent from the previous quarter, with net absorption positive 21.68 million sf in 1Q. Average rental rates increased to $22.17, and 321 buildings delivered to the market totaling more than 16.1 million sf.

Source: CoStar Group

SABOR: home sales by units sold Mar. 2014  

(4/17/2014 8:00:00 AM)

SAN ANTONIO - San Antonio Board of Realtors (SABOR) has released home sales data for March 2014.

Select cities are represented below along with statistics from the SABOR MLS area as a whole.

Regional Sales and Price Activity
Area Median Price
  Mar. 2014
Price Chg.
vs. Mar. 2013
Units Sold
  Mar. 2014
Sales Chg.
vs. Mar. 2013
SABOR (single-family) $160,000 8.3% 1,519 -3.9%
SABOR (condo) $90,000 -11.5% 33 -17.5%
Region cities*        
San Antonio $155,000 9.2% 1,042 -5.4%
New Braunfels $160,000 4.5% 58 7.4%
Schertz $166,400 18.9% 38 137.5%
Boerne $245,000 -16.4% 36 -7.7%
Cibolo $184,000 6.4% 35 2.9%
Converse $113,550 3.2% 34 6.3%
Helotes $237,250 24.9% 30 -9.1%
Canyon Lake $228,750 43.0% 20 -16.7%
Seguin $147,500 -7.8% 20 -31.0%

*Data include single-family only and represent the nine cities with 20 or more units sold in March. 

Source: SABOR

See previous SABOR stories on NewsTalk Texas. More data are available under Housing in San Antonio Market Data Sources.

CoStar 1Q: San Antonio industrial vacancy decreases to 5.6% 

(4/16/2014)

SAN ANTONIO - The San Antonio Industrial market ended first quarter 2014 with a vacancy rate of 5.6 percent — down over the previous quarter. Net absorption totaled positive 1,444,267 sf in 1Q 2014, compared to positive 1,565,999 sf in 4Q 2013.

Vacant sublease space decreased in the quarter, ending the quarter at 128,088 sf. Rental rates ended 1Q 2014 at $5.75, an increase over the previous quarter.

A total of 14 buildings delivered to the market in the quarter totaling 1,194,091 sf, with 571,506 sf still under construction at the end of the quarter.

Read more at CoStar Group.

San Antonio home prices March up 10 percent 

(4/15/2014 6:45:00 AM)

SAN ANTONIO - As of March 2014, the average price of a home in San Antonio stood at $211,247 — a 10 percent increase over the average price of $192,589 reported March 2013, according to the San Antonio Board of Realtors.

The median price of a home in greater San Antonio now stands at $172,400 — an 8 percent increase from the median price of $158,900 posted a year ago.

The under-$200,000 market continues to be the strongest price range for the Alamo City. Over the 31 days ended March 31, 2014, 61 percent of the homes sold in greater San Antonio were priced below $200,000.

The mid-price market, however is gaining ground. Homes priced between $200,000 and $500,000 accounted for 35 percent of the sales recorded in March. A year ago, homes in this price range accounted for 29.2 percent of sales in the local housing market.

Read more at the San Antonio Business Journal.

See Housing under San Antonio Market Data Sources for more stats.

LA Fitness jumps into Vineyard Shopping Center SA North Side 

(4/11/2014)

SAN ANTONIO - LA Fitness has signed a lease for a 45,000-sf facility at the Vineyard Shopping Center located at Loop 1604 and Blanco Rd. on the city’s far North Side. Construction on the store is slated to begin immediately.

LA Fitness also has another gym already under construction on six acres in the Bulverde Marketplace center, located at the southwest corner of Loop 1604 and Bulverde Rd.

Read more at the San Antonio Business Journal.

Ramen oodles of noodles swell $300M in Bexar County 

(4/10/2014)

VON ORMY, BEXAR COUNTY - Maruchan Texas, maker of ramen noodles, has opened its $300 million, 510,000-sf factory on Fischer Rd. in Southwest Bexar County. Maruchan is dedicated to turning out tons of the high protein noodles.

"People love ramen in Texas,” said Maruchan Sales Coordination Manager Mark Horikawa. “We're happy to be here." Maruchan's biggest consumer in the United States is Texas.

Mexico is also a huge consumer of the product, making its location in San Antonio ideal.

The plant is employing about 200 people today and expects to employ some 600 in the coming 18 months.

The South Side plant will be the fourth U.S.-based factory for Maruchan. Eventually, the plant plans to crank out an estimated 1.8 million packages of food a day.

This is Maruchan’s first plant opening in 20 years.

Maruchan Texas is a unit of Maruchan Incorporated. Ramen noodles originated in China, but Maruchan is based in Japan. The company says the largest market for ramen noodles today is South Korea.

Read more at WOAI.

Listen to Podcast 212 for this story and see this link for Ramen recipes.

North Central Baptist oncology floor part of $60M expansion  

(4/9/2014)

SAN ANTONIO - North Central Baptist Hospital has completed work on a $60 million, six-floor expansion project at the Stone Oak area facility. Part of the expansion includes a new oncology floor that will house 28 private rooms and provide specialized medical and surgical care for cancer patients.

The new oncology floor will also be home to a unique medical unit specifically designed for young adult cancer patients between the ages of 17 and 25.

North Central Baptist also opened new Labor and Delivery floors as part of the expansion project.

Read more at the San Antonio Business Journal.

Walmart on Walzem opens 155,000-SF San Antonio store 

(4/9/2014)

SAN ANTONIO - Walmart will open a new 155,000-sf store on Walzem Rd. on April 23. Hiring for the new store is already 85 percent complete. The store will eventually employ 250–300 associates.

The facility will be the first store in San Antonio to offer the 'site to store' component in the front of the store.

The Walmart store comes complete with the usual array of Walmart amenities, including an in-store eatery, Subway Sandwich Shop and a hair salon. The store will also feature a drive-through pharmacy and an online shopping service. 

Read more at San Antonio Express-News.

East Quincy Townhomes next to the Pearl in San Antonio 

(4/7/2014)

SAN ANTONIO - East Quincy Townhomes are underway along Quincy St. and Newell Ave. — directly across from the Pearl Brewery development, along the prime Museum Reach portion of the San Antonio River. The project calls for building 25 three-story townhomes.

The complex will feature one-, two- and three-bedroom homes ranging from 913 sf to 2,081 sf. East Quincy is for those who want to buy, rather than rent. The price on the townhomes will range from $260,000 to $460,000.

Homeowners are expected to start moving in later this year.

Source: East Quincy

Read more at the San Antonio Business Journal.

Fair grounds for Alamo Ridge industrial SA Northwest Side 

(4/4/2014)

SAN ANTONIO - Construction has begun on a development that will span roughly 20 acres along Fairgrounds Pkwy. known as the Alamo Ridge Business Center. The first two buildings in the park are currently under construction — one with 96,324 sf and another with 61,744 sf.

The long-term plans for Alamo Ridge call for five buildings — for a grand total of a little over 400,000 sf of space. The developers, EastGroup Properties, expect to open the first two buildings later this summer and plan to finish the entire project over the next 12 to 24 months.

The development will be located within the Alamo Downs Business Park just north of the Loop 410 and Culebra Rd. intersection in Northwest San Antonio.

Read more at the San Antonio Business Journal.

Westover Hills' 7.6 acres sold in NW San Antonio 

(4/3/2014)

SAN ANTONIO - Rockspring Capital, a Houston-based real estate investment firm, announced the acquisition of a 7.6-acre site in Northwest San Antonio. The property is located in the Westover Hills Development located on Rogers Rd. near Mt. Evans.

The potential uses for this site include office, data center, medical and multifamily. The site neighbors Chevron and Microsoft’s Data Center and is near Hwy. 151 and Hwy. 1604.

Source: Rockspring Capital

San Antonio largest downtown offices and occupancy 

(4/2/2014 6:44:00 AM)

SAN ANTONIO - The San Antonio Business Journal released its list of the top 25 largest office properties in downtown San Antonio. Offices are ranked by the total rentable sf. The top five are listed below.

Top Five Largest Office Properties in Downtown in San Antonio
Company Address Total
Rentable
SF
Occupancy
Bank of America Plaza 300 Convent St. 532,922 89%
Weston Centre 112 E. Pecan St. 490,871 94.3%
500/530 McCullough 500/530 McCullough 433,431 NA
IBC Centre I & II 130 E. Travis/175 E. Houston 371,148 87%, 78%
Frost Bank Tower 100 W. Houston St. 338,942 100%


See the full list at the San Antonio Business Journal.

Exodus from movies to church campus in NW San Antonio 

(4/1/2014)

SAN ANTONIO - Gateway Fellowship Church is preparing to build a permanent campus on an 11.4-acre property between Bandera Rd. and Braun Rd. on the city's far Northwest Side. Plans call for a 28,000-sf facility with construction estimated at $7 million.

The church currently conducts services in the Santikos Silverado 16 movie theater. The church outgrew an elementary school and a couple of commercial sites before moving to the theater. It zeroed in on the 11-acre property just 1,000 feet away.

Retail giant Hobby Lobby bought the land two years ago and gave it to the congregation.

The new facility is expected to provide seating for nearly 800 people. The project will begin in May 2014 and open in February 2015.

Read more at the San Antonio Express-News.

Saint welcomes hospitality degree to San Antonio 

(3/28/2014)

SAN ANTONIO - A new partnership between the University of Houston’s Conrad N. Hilton College of Hotel and Restaurant Management and St. Philip’s College is bringing hospitality education to San Antonio. Students will have the opportunity to pursue a Bachelor of Science in Hospitality Management from the University of Houston.

Classes at the Conrad N. Hilton College – San Antonio are set to begin in fall 2014. Initially, all classes will be held on the St. Philip’s campus at 1801 Martin Luther King Dr. while the new campus is being built.

St. Philip’s currently offers a two-year associate’s degree in hospitality management, which fulfills the prerequisites for successful transfer to the Conrad N. Hilton College – San Antonio.

Students who transfer in from other four-year colleges can also pick up the hospitality and general education prerequisites they might need at St. Philip’s, then continue with their upper-division courses in the Hilton College program.

Source: University of Houston Conrad N. Hilton College

Under wraps: 300 Texas employees to downtown San Antonio 

(3/27/2014 7:00:00 AM)

SAN ANTONIO - The Texas Attorney General’s Office is planning to relocate 300 people to downtown who will occupy about 50,000 sf of space. The downtown move is part of a larger effort by the Attorney General’s office to consolidate office space in the major urban centers across Texas.

Those people are being relocated from other leased office spaces in the San Antonio area. Because of the confidential nature of the work that is being done, the agency is not specifying the location of the new San Antonio office space.

However, the agency will maintain public office presence at different locations outside of downtown.

Read more at the San Antonio Business Journal.

Sendero Ranch land purchased in San Antonio 

(3/27/2014)

SAN ANTONIO - Encore Enterprises acquired ten acres located at the northeast corner of Sendero Verde and US 281 in The Sendero Verde Ranch. The Dallas-based firm plans to develop a multifamily complex on the parcel.

Sendero Ranch Development sold the vacant land for approximately $1.785 million. The parcel was part of a 20.7-acre lot.

Read more at CoStar Group.

San Antonio apartments: big bang for your buck 

(3/25/2014 10:00:00 AM)

SAN ANTONIO - The Alamo City apartment market is seen as a market where a consumer can get a good deal, according to CoStar Group's “What $1,000 a Month Will Rent You in Top U.S. Cities” study. Using data from the Apartments.com website, CoStar reports that San Antonio renters will spend, on average, $758 a month for a one-bedroom unit.

San Antonio was one of ten markets in the “small rents in big cities” category. At the top of list, was Atlanta, where rents average $966. At the bottom of the list were Phoenix and Las Vegas, where rents average $715 and $693 a month, respectively.

San Antonio also made the list in CoStar’s “Enormous deals: More space for the money” category. A two-bedroom unit in the Alamo City costs $993 on average. For that same amount of money, you can get a three-bedroom unit in Vegas.

Read more at the San Antonio Business Journal.

Westover Marketplace purchased on West Side 

(3/25/2014)

SAN ANTONIO - Westover Marketplace has been purchased by Inland Investments on the city’s far West Side. The regional power center spans a total of 242,644 sf at Loop 410 and SH 151 in the Westover Hills area.

At the time of the sale, Westover Marketplace was sitting at an occupancy rate of better than 93 percent.

The center boasts a tenant line-up that includes national names such as PetSmart, Target, Gander Mountain and a Toys “R” Us/Babies “R” Us combo store.

Read more at the San Antonio Business Journal.

San Antonio construction posts modest employment gains 

(3/23/2014)

SAN ANTONIO - General contractors in the San Antonio-New Braunfels metro saw a slight increase to their payrolls in the 12 months ended January 31, 2014, according to Associated General Contractors of America. The area added a total of 600 jobs.

Local contractors reported a total of 41,100 employees at the end of January 2013. A year later, the employment count was 41,700 — an increase of 1 percent.

Numbers posted by other Texas metros between January 2013 and January 2014 include:

  • Austin-Round Rock-San Marcos: added 2,700 jobs, an increase of 6 percent;
  • Dallas-Plano-Irving: added 7,200 jobs, an increase of 7 percent;
  • Fort Worth-Arlington: added 1,100 jobs, an increase of 2 percent; and
  • Houston-Sugar Land-Baytown: added 7,900 jobs, an increase of 4 percent.

Read more at the San Antonio Business Journal.

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