NewsTalk Texas

San Antonio-New Braunfels

NAR San Antonio housing market 2Q 2014 

(9/12/2014 7:00:00 AM)

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

NAR San Antonio Housing Market 2Q 2014
Price Activity San Antonio U.S. Local Trend
Current Median Home Price (2Q 2014) $184,200 $212,267 Prices are up from a year ago,
but price growth is slowing.
1-year (4-quarter) Appreciation (2Q 2014) 5.0% 4.6%
3-year (12-quarter) Appreciation (2Q 2014) 20.2% 25.8%
3-year (12-quarter) Housing Equity Gain* $31,000 $43,600 Gains in the last 3 years have
extended the trend of positive
price growth after the recession.
7-year (28 quarters) Housing Equity Gain* $29,900 -11,500
9-year (36 quarters) Housing Equity Gain* $50,200 -$8,000

*Equity gain reflects price appreciation only.

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

Click to see the full report.

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

Alamo Academies launching heavy equipment course 

(9/11/2014)

SAN ANTONIO - The pending launch of a new course focused on heavy equipment as part of the Alamo Academies program already has a number of local industry groups eager to participate.

Next year, the program will expand to include courses in the operation and maintenance of heavy equipment and machinery.

The new curriculum has piqued the interest of major equipment dealers in the area such as Holt Cat, Zachry Construction and Martin Marietta Materials.

Howard Hicks, a vice president with Holt Cat, says he is excited about the start-up of the new academy and has already lined up skilled technicians to train students who enter the two-year program.

Alamo Academies is a nonprofit partnership between Alamo Colleges, local high schools, local industry groups and the City of San Antonio.

Since its inception in 2001, it has helped to prepare more than 1,000 high school students for potential careers in manufacturing, information technology and health care.

Read more at the San Antonio Business Journal.

KMG Conversion buys 39,000-SF Spur 122 Storage in SA 

(9/10/2014)

SAN ANTONIO - KMG Conversion LLC has purchased Spur 122 Storage on the city’s South Side with plans to rename the six-building complex 37/410 Self Storage.

The property is located just north of US Hwy. 181 on Spur 122.

The property has 38,870-sf of rentable climate-controlled and non-climate-controlled storage space. It has on-site management, gated access and surveillance cameras.

Read more at the San Antonio Business Journal.

REOC: San Antonio 2Q 2014 medical office market 

(9/9/2014 9:00:00 AM)

SAN ANTONIO - The citywide medical office market experienced 146,170 sf of positive net absorption in second quarter, according to REOC San Antonio.

The vacancy rate ticked up slightly to 17.5 percent compared to 17.2 percent last quarter, but it stands improved from 18.6 percent recorded in 2Q 2013.

REOC San Antonio: 2Q 2014 MOB
All Classes Citywide CBD Non-CBD
2Q 2014 2Q 2013 2Q 2014 2Q 2013 2Q 2014 2Q 2013
Inventory 6,662,911 6,559,753 1,012,037 1,012,037 5,650,874 5,547,716
Available 1,167,178 1,219,816 82,960 86,750 1,084,218 1,132,046
Vacant 17.5% 18.6% 8.2% 8.6% 19.2% 20.4%
Average rent $23.81 $23.77 $20.78 $20.71 $24.35 $24.36
2Q absorption 72,376 59,867 -900 14,596 73,276 45,271
YTD absorption 146,170 201,399 -900 35,591 147,070 165,808


Source: REOC San Antonio

Click here for the full report.

San Antonio TopGolf on pace to open $15M, 65,000-SF complex 

(9/8/2014 7:06:00 AM)

SAN ANTONIO - Construction on TopGolf, a multimillion dollar sports and golf entertainment complex, is on pace to have the Northwest Side venue open by early 2015.

The 65,000-sf, three-level driving range, which will include bars, 230 high-definition televisions, and other entertainment, is expected to open by late January.

The estimated $15 million complex will be modeled after a Houston location and will hire about 450 personnel, including about 100 full-time positions.

The company said they expect to serve 400,000 visitors in its first year and to generate $264.5 million in economic output over ten years.

The $15 million venue, across from Six Flags Fiesta Texas and The Shops at La Cantera, was finalized in January and will be the first in San Antonio and the seventh Texas location.

Read more at the San Antonio Express-News.

Bowlmor AMF pins 48,000-SF Bowlero to San Antonio 

(9/8/2014)

SAN ANTONIO - Bowlmor AMF is bringing one of its newest bowling entertainment concepts to San Antonio. The Virginia-based company is transforming AMF Country Lanes, located on US Hwy. 281 near Bitters Rd., into Bowlero.

The newest Bowlero will feature a retro-modern design and an upscale environment. The 48,000-sf venue will have semi-private meeting and event rooms and the ability to accommodate up to 600 patrons.

The retooled venue will house 48 lanes of black-light bowling, a gravity ropes course, amusement games, as well as themed bar and dining areas.

This will be the second Bowlero venue in Texas.

Read more at the San Antonio Business Journal.

U.S. Government nabs 161,000 SF in San Antonio 

(9/4/2014 7:00:00 AM)

SAN ANTONIO - Corporate Office Properties Trust (COPT) has executed a full-building lease with the U.S. Government for an approximately 160,500-sf building under construction in the company’s Sentry Gateway office park in San Antonio.

The building is expected to be complete during fourth quarter 2014, with a lease start date in 1Q 2016. (Hum, this doesn't seem correct but all the sources have the same thing. If you have better information, please contact the Market Data Sources team.)

Upon completion of this building, Sentry Gateway will consist of 953,000 sf.

Read more at the San Antonio Business Journal.

San Antonio raises the curtain on the $203M Tobin Center 

(9/4/2014 6:20:00 AM)

SAN ANTONIO - Nearly ten years after the idea was proposed, the $203 million Tobin Center for the Performing Arts is officially opening today.

The Tobin Center complex includes the 1,750-seat H-E-B Performance Hall, the 250-seat Carlos Alvarez Studio Theater and an outdoor River Walk Plaza venue, which seats 600 spectators.

One of the theater's biggest assets is a $10 million mechanical floor that will be the first of its kind in the United States.

In May 2008, Bexar County voters approved a bond referendum which included $100 million for the transformation of Municipal Auditorium into the Tobin Center.

Read more at the San Antonio Business Journal.

Veterans' affordable housing deployed to San Antonio 

(9/2/2014)

SELMA, BEXAR COUNTY - The Texas Department of Housing and Community Affairs approved a housing tax credit for the $18.7 million Liberty Pass project — a 104-unit housing complex that will be constructed on an eight-acre site near the intersection of Lookout Rd. and Jordan Rd.

The project will provide affordable housing and job training facilities for veterans and wounded veterans looking to transition into the workforce.

The Liberty Pass development will have apartment style homes with one to four bedrooms.

Developer Anthem Builders plans to start construction on the complex in spring 2015, with completion scheduled for January 2016.

Read more at the San Antonio Express-News.

Tex-Mex lunch San Antonio; New Orleans beignets at breakfast 

(9/1/2014)

SAN ANTONIO - San Antonians who want to get away to the Big Easy for beignets from Café du Monde and a hurricane from Pat O’Brien’s will now be able to take advantage of a new nonstop flight on Southwest Airlines.

And certainly the same is true for New Orleanians who want to travel to the Alamo City for Tex-Mex and tequila.

Southwest Airlines will expand nonstop service from San Antonio to New Orleans on November 25, 26, 30 and December 1, 2014.

The service will be expanded weekly, beginning March 6, 2015, then daily on April 7, 2015.

“We are pleased with Southwest’s decision to expand the limited service to New Orleans permanently,” said San Antonio Mayor Ivy R. Taylor. “Southwest Airlines has been a great partner for our city and their continued growth shows great confidence in the San Antonio market.”

Dallas-based Southwest Airlines flies from San Antonio International Airport to 16 destinations: Atlanta, Nashville, Baltimore, Dallas Love Field, Denver, El Paso, Houston Hobby, Las Vegas, Los Angeles, Orlando, Chicago Midway, Phoenix, San Diego, St. Louis and Tampa.

Read more at the San Antonio Business Journal.

San Antonio: Main Event bell rings in Monterrey Village 

(8/29/2014)

SAN ANTONIO - Main Event Entertainment has opened a 58,000-sf facility is located in the Monterrey Village development at 8514 State Hwy. 151 and Cable Ranch Rd. on the city’s far West Side.

The space includes a gravity ropes course, laser tag, billiards, arcade games, food and bowling.

The Dallas-based chain made its San Antonio debut in early 2012 — taking a 48,000-sf lease at 1911 N. Loop 1604 East in The Legacy Shopping Center.

Read more at the San Antonio Business Journal.

San Antonio construction employment flat; project pace up 

(8/29/2014)

SAN ANTONIO - According to the latest employment report by The Associated General Contractors of America (AGC), San Antonio is still adding employees to the construction market — but not by much.

It’s the Catch 22 of the construction industry. The number of projects in the pipeline is filling up once again. That means more and more construction firms are looking to add employees.

Now if they could just find them.

The labor pool is presently shallow at best in many markets, according to industry officials.

Over the 12 months ended July 31, 2014, local contractors added 100 jobs — going from a total of 44,300 employees in July 2013 to 44,400 a year later.

San Antonio contractors have seen an increase in the pace of projects and are working to bring on qualified, skilled employees. However, there is still a lot of ground to be made up to even get near the industry’s peak of 52,100 employees as of December 2007.

Read more at the San Antonio Business Journal.

50,000-SF stand-alone San Antonio Aquarium goes swimmingly 

(8/28/2014)

LEON VALLEY, BEXAR COUNTY - Construction for the enclosures at the 50,000-sf San Antonio Aquarium is underway. The aquarium will be located at 6320 Bandera Rd., just outside of Loop 410 at the former home of the Fiesta Dodge dealership.

The aquarium is scheduled to open in December and will feature sharks, hundreds of species of exotic fish, sting rays and interactive exhibits.

The largest exhibit will be a 125,000-gallon tunnel tank with various sharks and tropical fish, which may not be completed until March 2015.

The San Antonio Aquarium will also feature an exhibit where guests can touch stingrays and a Jump Jungle, where kids can enjoy multiple bounce houses and trampolines.

Read more at the San Antonio Business Journal.

LA firm buys more: San Antonio 138,000-SF Gateway Plaza 

(8/27/2014)

SAN ANTONIO - Los Angeles-based Tryperion Partners has closed on the purchase of the 138,510-sf Gateway Plaza located at the I-35 and Loop 1604 interchange on the city’s far Northeast Side.

Anchored by Burlington Coat Factory, Gateway Plaza is currently 97 percent occupied. The acquisition also includes vacant land for future development of the center.

Gateway Plaza marks Tryperion’s latest buy in the Alamo City. Last September, the private real estate investment firm purchased the Oakwell Springs apartment complex — a 252-unit multifamily community located at 1946 NE Loop 410 in North Central San Antonio.

Read more at the San Antonio Business-Journal.

San Antonio housing market cools in July 

(8/25/2014)

SAN ANTONIO - After six consecutive months of increasing home prices, the greater San Antonio housing market took a pause in July, according to the San Antonio Board of Realtors (SABOR).

As of July 2014, the average and median home price in the San Antonio MSA stood at $229,253 and $187,500, respectively. Both numbers represent a slight decrease in pricing — after six months of increases.

Home prices are still up on a yearly basis, however. The average price of $229,253 represents a 6 percent increase from the average price of $216,317 posted last July.

As for the median home price, at the end of July last year, that number stood at $179,500. A year later, the median home price in the San Antonio MSA stood at $187,500 — an increase of 4 percent.

Additionally, 2,557 homes were sold over the 31 days ended July 31, 2014 — a 5 percent increase from the 2,431 homes sold over the same month last year, SABOR reports.

Read more at the San Antonio Business Journal.

San Antonio: $33M takes The Lodge at Sonterra 

(8/21/2014 7:00:00 AM)

SAN ANTONIO - The Lodge at Sonterra Ltd. has sold the 326-unit Lodge at Sonterra multifamily property in San Antonio to Sonterra Acquisition LLC for $33 million.

Units at the Lodge at Sonterra range from 648 sf to 1,506 sf and range in price from $730 to $1,737. One-, two- and three-bedroom units are available.

The complex was built in 2001 and is currently 87 percent leased.

Read more from the CCIM Institute.

REOC: San Antonio 2Q 2014 industrial 

(8/21/2014 6:45:00 AM)

SAN ANTONIO - Tenant demand for industrial space continued to tighten the local market in second quarter, according to REOC San Antonio. The survey of 461 industrial properties totaled nearly 33.7 million sf of space.

The San Antonio industrial market experienced 199,748 sf of positive net absorption which marks a 13th consecutive quarter of absorption growth.

The citywide vacancy rate remained stable from 1Q 2014 at 5.9 percent but narrowed significantly compared to 8.1 percent recorded in 2Q 2013.

With available space being squeezed, rental rates are rising quickly. The citywide average quoted triple net rental rate for industrial space increased to $7.83 per sf per year — up 4.5 percent from 2Q 2013.

No new speculative projects were delivered to the market in the first half of the year but roughly 537,000 sf of space is expected to come online in the second half.

REOC San Antonio: 2Q 2014 Industrial*
All Types Citywide CBD Non-CBD
2Q 2014 2Q 2013 2Q 2014 2Q 2013 2Q 2014 2Q 2013
Inventory 33,685,029 32,268,547 233,395 233,395 33,451,634 32,035,152
Direct vacant 1,977,334 2,599,345 0 28,548 1,977,334 2,570,797
Vacant 5.9% 8.1% 0.0% 12.2% 5.9% 8.0%
Average rent $7.83 $7.49 $3.60 $3.60 $7.87 $7.53
2Q Absorption 199,748 564,220 28,548 26,186 171,200 538,034
YTD Absorption 448,008 850,003 28,548 11,912 419,460 838,091

*Statistics based on all multi-tenant industrial facilities 20,000 sf and larger excluding single-tenant, owner-occupied and government buildings.

For the full report see REOC San Antonio.

For more stats, see Industrial under San Antonio Market Data Sources.

REOC: San Antonio 2Q 2014 retail 

(8/21/2014)

SAN ANTONIO - What fuels the local retail market? According to the second quarter 2014 REOC retail report, employment growth continues to drive demand for housing which, in turn, drives retail.

For the 12 months ending June 2014, the greater San Antonio metro area added 22,500 jobs which equates to annual growth rate of 2.5 percent.

Looking ahead, available space will continue to dwindle, especially while development remains dominated by Walmart and other user-driven activity. However, development in high-growth and well-established niche markets is heating up.

REOC San Antonio: 2Q 2014 Retail
All Types Citywide CBD / South Non-CBD / North
2Q 2014 2Q 2013 2Q 2014 2Q 2013 2Q 2014 2Q 2013
Inventory 47,164,952 46,489,788 6,375,326 6,365,096 40,789,626 40,124,692
Direct vacant 4,679,243 4,925,390 757,115 702,425 3,922,128 4,222,965
Vacant 9.9% 10.6% 11.9% 11.0% 9.6% 10.5%
Average rent $16.58 $15.95 $15.50 $17.23 $16.67 $15.84
2Q absorption 108,746 118,705 -13,799 -3,033 122,545 121,738
YTD absorption 371,043 94,487 41,853 2,878 329,190 91,609

*Statistics based on all multi-tenant industrial facilities 20,000 sf and larger excluding single-tenant, owner-occupied and government buildings.

For the full report see REOC San Antonio.

For more stats, see Retail under San Antonio Market Data Sources.

REOC: San Antonio 2Q 2014 office 

(8/20/2014 8:30:00 AM)

SAN ANTONIO - According to REOC San Antonio's survey of more than 28.4 million sf of office lease space, new leases and expansions inked in the second quarter generated 297,378 sf of positive net absorption which raised the year-to-date total gain to 612,054 sf.

Current absorption levels are nearly double that achieved in all of 2013 and almost four times that experienced in 2012.

In all, there is roughly 600,000 sf of new office space under construction not counting build-to-suit projects. The market hasn’t seen this much activity since 2008 when the market peaked with nearly 1.4 million sf of new speculative office space delivered.

San Antonio 2Q 2014 Office Report*
All Classes Citywide CBD Non-CBD
2Q 2014 2Q 2013 2Q 2014 2Q 2013 2Q 2014 2Q 2013
Inventory 28,421,603 28,017,141 5,728,263 5,658,503 22,693,340 22,358,638
Direct vacant 4,982,630 5,217,851 1,533,790 1,618,403 3,448,840 3,599,448
Vacant 17.5% 18.6% 26.8% 28.6% 15.2% 16.1%
Average rent $19.95 $19.45 $19.98 $19.30 $19.94 $19.47
2Q absorption 297,378 239,397 49,964 62,996 247,414 176,401
YTD absorption 612,054 376,051 182,545 121,285 429,509 254,766

*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.

​QVC hiring 700 seasonal workers in San Antonio 

(8/20/2014)

SAN ANTONIO - QVC, a leading video and ecommerce retailer, is in the process of hiring over 700 seasonal employees at its far West Side campus.

The employees will be located at QVC’s newly renovated 72,000-sf site at 9855 Westover Hills Blvd.

Both full and part-time positions will be available.

Read more at the San Antonio Business Journal.

Execupay moves to new 28,000-SF HQ in San Antonio 

(8/20/2014)

SAN ANTONIO - Locally-based payroll service provider Execupay is moving its corporate offices to 10500 Heritage Blvd., Suite 110, At 28,000 sf, the new digs are nearly twice the size of the former location.

Execupay currently employs nearly 85 full-time employees, mostly in Texas, and has been recognized multiple times on the Inc. 5,000 Fastest Growing Companies list. Execupay plans to hire another 40 employees in the next 15 months.

The company is celebrating its 40th anniversary this year.

Read more at the San Antonio Business Journal.

South Texas 55,000-acre oil portfolio sold for $135M  

(8/18/2014)

DIMMIT, FRIO, LA SALLE, ZAVALA COUNTIES - Texas American Resources (TAR) has sold its South Texas oil property portfolio to an undisclosed buyer for $135 million.

The sale includes the TAR's existing production, proved reserves and Eagle Ford and Austin Chalk oil development opportunities on its approximate 55,000 net acres of leasehold in Dimmit, Frio, La Salle and Zavala Counties.

Following the sale, TAR owns and operates over 100 producing wells in the Texas Panhandle with net production of approximately 2,400 BOEPD that is 85 percent oil and NGLs.

Read more at GlobeSt.

SABOR: area home sales July 2014 

(8/14/2014 8:43:00 AM)

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

• The median price of existing single-family homes increased to $179,000 up 0 percent versus June 2014.
• Existing single-family home sales decreased 0.6 percent from June 2014 for a July 2014 total of 2,112 units sold.
• Condos decreased in price to $93,028; down 4.1 percent versus June 2014.
• Existing condo sales increased 1.5 percent in July 2014 over June 2014 for a total of 68 sold units.

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

SABOR July 2014 Regional Sales and Price Activity
MLS Wide Median Price
July 2014
Price Chg.
vs. July 2013
Units Sold
July 2014
Sales Chg.
vs. July 2013
SABOR
(single-family)
$179,000 5.0% 2,112 -1.9%
SABOR (condo) $93,028 -5.3% 68 21.4%
Region Cities*  
San Antonio $170,000 6.3% 1,485 -1.4%
New Braunfels $191,500 -4.5% 85 21.4%
Boerne $303,000 5.4% 59 -6.3%
Converse $120,000 -6.3% 55 22.2%
Helotes $280,000 3.1% 51 6.3%
Cibolo $189,500 5.3% 37 -37.3%
Schertz $173,500 -7.5% 35 -5.4%
Spring Branch $310,000 -8.8% 27 0.0%

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

See previous SABOR stories on NewsTalk Texas.

See Housing under San Antonio Market Data Sources.

Source: San Antonio Board of Realtors (SABOR).

San Antonio opens two Walmarts totaling 203,000 SF 

(8/14/2014 7:01:00 AM)

SAN ANTONIO - Walmart has opened the new Walmart Supercenter at 12639 Blanco Rd. on San Antonio's far North Central Side and the new Neighborhood Market at 9526 Military Dr. West on the city’s far West Side.

Combined, the two stores will create approximately 400 new jobs in the city — a mix of part-time and full-time positions.

Both stores will sell a full line of groceries and feature a pharmacy. However, at roughly 165,000 sf, the Blanco Rd. Supercenter will also boast a wide selection of value-priced general merchandise.

The Neighborhood Market stores average 38,000 sf and are designed to serve as a community supermarket.

Read more at the San Antonio Business Journal.

Stream Realty purchases City Park property in San Antonio 

(8/7/2014)

SAN ANTONIO - Stream Realty Partners has announced that it has closed on the purchase of the 41,000-sf Building 1 in the City Park East Distribution Center.

The property is located at 8555 NE Loop 410 on the city’s Northeast Side and is 70 percent occupied.

The City Park East building marks one of the latest investments for Stream Realty. The firm recently purchased 5109 Medical Dr., a vacant, 80,000-sf building within the South Texas Medical Center.

Read more at the San Antonio Business Journal.

San Antonio beef packing plant closing; 325 workers impacted 

(8/7/2014)

SAN ANTONIO - L&H Packing Co., which opened its doors in 1963, is closing up shop. The South San Antonio beef processing plant, located on Steves Ave. near US 90, is ceasing operations after drought conditions and other factors have significantly shrunk the size of the U.S. cattle population.

The shutdown will impact approximately 325 L&H workers. Company officials are working to place 74 to 100 of those workers with Surlean Foods or New Earth Soils and Compost — sister companies owned by L&H Packing’s parent company, L&H Holding.

More of the affected workers could be placed with the companies over the next several months.

Read more at the San Antonio Business Journal.

Multifamily property on its way to 1130 Broadway in S.A. 

(8/6/2014)

SAN ANTONIO - Austin-based Argyle Residential is slated to begin construction on a Class A apartment community that will be located on 3.7 acres at 1130 Broadway — which will also be the name of the complex.

Plans call for 290 rental apartment units, and 2,838 sf of retail space. Proposed amenities include a club room, a theater room, a fitness center and a roof-level amenity deck.

1130 Broadway is one of the latest additions to the burgeoning midtown corridor, including a mix of multifamily projects, retail and mixed-use properties.

Read more at the San Antonio Business Journal.

Aura at the Rim bringing 300 units to San Antonio 

(8/5/2014)

SAN ANTONIO - Northwest of San Antonio, a new luxury apartment community has broken ground. Aura at the Rim is being built by Dallas-based developer Trinsic Residential Group LLC.

The residential project stands four stories tall and encompasses 308 units. The facility is located within The Rim mixed-use development, near the intersection of I-10 and North Loop 1604.

The residents will have the choice of one- and two-bedroom apartments featuring custom cabinetry, granite countertops and stainless steel appliances.

Read more at Multi-Housing News.

San Antonio's construction sector continues to add jobs 

(8/4/2014)

SAN ANTONIO - General contractors in the San Antonio-New Braunfels metropolitan area added 300 employees to their payrolls between June 2013 and June 2014, according to latest employment figures compiled by Associated General Contractors of America.

As of June 30, 2013, local contractors reported 44,100 employees. A year later, the employment count stood at 44,400 — a very modest 1 percent increase.

At its peak in December 2007, San Antonio’s construction firms had 52,100 employees on their payrolls.

Read more at the San Antonio Business Journal.

Also see more San Antonio employment numbers from the Texas Workforce Commission.

Carenet to hire almost 200 in S.A. 

(7/30/2014)

SAN ANTONIO - Carenet Healthcare Services is looking to expand its workforce. The San Antonio-based company, which provides 24-hour expert telemed support, plans to hire more than 180 additional personnel during the remainder of July and the month of August.

The seasonal work will be located at the company’s Northwest Side headquarters and at its Brooks City Base offices.

In 1988, Carenet launched as a patient care advocacy and navigation operation within the Christus Santa Rosa Hospital System. Now, the health care services company has a client roster representing more than 20 million members worldwide.

Read more at the San Antonio Business Journal.

SABOR: area home sales by units sold June 2014 

(7/29/2014 7:00:00 AM)

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

•  The median price of existing single-family homes increased to $179,500, up 2.6 percent vs. May 2014.
•  Existing single-family home sales increased 0.3 percent from May 2014 for a June 2014 total of 2,038 sold units.
•  Condos decreased in price to $97,500, down 18.1 percent vs. May 2014.
•  Existing condo sales decreased 14.7 percent in June 2014 over May 2014 for a total of 64 sold units.

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

SABOR June 2014 Regional Sales and Price Activity
MLS Wide Median Price
June 2014
Price Chg.
vs. June 2013
Units Sold
June 2014
Sales Chg.
vs. June 2013
SABOR
(single-family)
$179,500 5.7% 2,038 -0.9%
SABOR (condo) $97,500 16.1% 64 25.5%
Region Cities*  
San Antonio $168,000 5.0% 1,375 -4.3%
New Braunfels $227,000 21.1% 84 1.2%
Boerne $336,250 6.6% 70 6.1%
Cibolo $183,400 6.0% 61 27.1%
Schertz $181,450 4.6% 54 50.0%
Converse $128,500 12.7% 40 5.3%
Helotes $245,000 -7.5% 30 -43.4%
Canyon Lake $185,000 -2.6% 27 0.0%

*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 full reports from San Antonio Board of Realtors.

Kohl's to hire 500 in San Antonio 

(7/24/2014)

SAN ANTONIO - Wisconsin-based retailer Kohl’s Department Stores is once again expanding its workforce in San Antonio.

Between August and November, the company plans to hire approximately 500 people for full-time seasonal employment.

The employees will be located at the retailer’s Customer Service Operations Center at 10000 Rogers Run Blvd. on the far West Side.

Employment will last through January 2015. There is, however, the potential for positions to become permanent.

Read more at the San Antonio Business Journal.

CBRE: San Antonio industrial 2Q 2014 

(7/22/2014 7:00:00 AM)

SAN ANTONIO - Despite a lack of available space, the San Antonio industrial market had another quarter of positive activity. Net absorption for second quarter 2014 was positive 205,961 sf, shrinking vacancy to 6.6 percent, according to CBRE.

The industrial market ended the first half 2014 with a total of 541,541 sf of positive net absorption.

NNN asking rates for available industrial space jumped to $6.33 per sf this quarter, a $0.34 increase from asking rates in Q1 2014. This is the first time city-wide asking rates have risen above the $6.00 range since 2011.

Below is a preview of CBRE's 2Q 2014 full report.

San Antonio Industrial Market Statistics: 2Q 2014
Market Rentable
Area
Total
Vacancy
Rate
Availability
Rate
Net
Absorption
(SF)
Avg. Asking Lease Rates
($/SF/YR)*
Warehouse
Distribution
Flex R&D
CBD 335,229 2.4% 2.4% 0 $0.00 $0.00
North Central 5,876,207 6.9% 6.9% 77,447 $6.84 $8.84
Northeast 19,871,878 4.9% 10.5% 120,963 $4.37 $7.54
Northwest 5,182,892 11.0% 13.0% 7,551 $4.36 $9.74
South 2,795,962 10.7% 10.7% 0 $2.88 $8.69
Total 34,062,168 6.6% 10.5% 205,961 $4.55 $8.78

*for NNN leases

See CBRE's full report including previous quarters.

Also see other real estate sectors at San Antonio Market Data Sources.

San Antonio gains 4,000 jobs in June 

(7/22/2014)

SAN ANTONIO - Employment in the San Antonio MSA grew by 4,000 jobs, or 0.4 percent, in June over the prior month, according to the latest report from Workforce Solutions Alamo.

Industries that added workers in June include:

• leisure and hospitality gained 3,400 jobs;
• professional and business services added 2,200 jobs;
• construction added 600 jobs;
• financial activities grew by 400 jobs; and
• manufacturing added 300 jobs.

Over the past 12 months, employers in the region added 22,500 more jobs for an annual growth rate of 2.5 percent since June 2013.

Read more at the San Antonio Business Journal. For the full report, see the Texas Workforce Commission.

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.

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.

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 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.

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.

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 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.

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.

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