NewsTalk Texas

San Antonio-New Braunfels

Tractor Supply deepens Seguin roots in 75,000 SF  

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

SEGUIN - Tractor Supply will construct a new 75,000-sf regional distribution center on 13 acres near Strempel Rd. and SH 123. Construction is expected to begin in 2014.

The facility is expected to create 19 new jobs and more than $8 million in new capital investment

"We are excited about Tractor Supply's decision to locate their Distribution Center in Seguin," said Terry Trevino, executive director of the Seguin Economic Development Corporation, "Tractor Supply has been in Seguin for 17 years since 1997, the addition of the Distribution Center further demonstrates that Seguin is well positioned for growth."

Read more at Fox 29 and the Seguin Gazette.

Listen to Podcast 233 for this story and more.

San Antonio College: Scobee planetarium meets the Challenger 


SAN ANTONIO - It's all systems go at San Antonio College’s Scobee Education Center. The Scobee Education Center is a state-of-the-art 22,000-sf facility, combining the Scobee Planetarium with the world's newest Challenger Learning Center.

The project, which broke ground in May 2012, included extensive remodeling and expansion of the Scobee Planetarium and Observatory, which has been a San Antonio College staple for more than 50 years.

The core of the Challenger Learning Center is an interactive computerized simulator with a Mission Control room and an orbiting Space Station. The facility gives students an opportunity to become astronauts and engineers through space simulation and role playing.

The center joins a network of more than 40 Challenger Learning Centers throughout the United States, Canada, the United Kingdom and South Korea.

SAC's Scobee Education Center is named for Francis "Dick" Scobee, flight commander of the ill-fated Challenger mission. Scobee attended San Antonio College while stationed at Kelly Air Force Base in the early 1960s.

Read more at the San Antonio Business Journal.

San Antonio's East Kelly Railport hauls in record growth 


SAN ANTONIO - The 350-acre Port San Antonio East Kelly Railport set a new record during fiscal year (FY) 2014 by handling nearly 10,000 railcars.

Logistics service providers at East Kelly Railport processed 9,983 railcars in FY 2014 — an increase over the 9,693 railcars handled in FY 2013.

About two-thirds of the products shipped were sand, pipe and equipment that arrives by train and transferred onto trucks for delivery to well sites throughout the shale-producing region.

The railport has direct access to tracks owned by Union Pacific Railroad and BNSF Railway. East Kelly has the loading and unloading capabilities at Port San Antonio to ship cargo in the energy, retail, construction and manufacturing industries.

The Eagle Ford Shale is a 21-county geological formation that crisscrosses a wide swath of Southwest Texas. A recent report pegged the economic contribution in the Eagle Ford region to Texas at $87 billion.

Producers in this region are directly responsible for supporting 155,000 full-time jobs.

Read more at the San Antonio Business Journal.

Alamo City apartment sector strikes balance: supply, demand 

(10/28/2014 6:45:00 AM)

SAN ANTONIO - There's been no lack of new product in the local multifamily sector. Developers are moving quickly in an effort to capitalize on the city's economic and demographic growth.

By the time 2014 ends, another 6,400 units are slated to enter the market — the highest annual completion total in five years, according to Apartment Research Market Report Second Quarter by Marcus & Millichap.

Here is a look at some of the apartment projects underway in San Antonio.

San Antonio Multifamily Update
Facility Units Location
Balcones Lofts 84 Intersection of Loop 410,
I-10 and Fredericksburg Rd.
The San Miguel (renov.) 330 5202 Texana Dr.
1130 Broadway 290 1130 Broadway
Aviator at Brooks
City Base
280 Brooks City Base
The Lookout at
Comanche Hill
150 Nacogdoches Rd. near
Comanche Lookout Park

Read more at the San Antonio Business Journal.

Fort Sam Houston lights up the world with these suites! 


JOINT BASE SAN ANTONIO - The new 153,685-sf, 310-suite Candlewood Suites has opened at Joint Base San Antonio-Fort Sam Houston. The hotel is the largest Candlewood Suites in the world.

Each room comes equipped with a kitchen, an oversized work area and full bathroom. The hotel's amenities include:

•  a swimming pool with patio pavilion,
•  business and fitness centers,
•  guest laundry facilities,
•  a breakfast bar, and
•  on-post shuttle services.

The hotel had to meet stringent military base structural requirements for collapse and blast impact standards.

Read more at the San Antonio Business Journal.

Carrizo plays shale with $250 million 


SAN ANTONIO - Carrizo Oil & Gas Inc. bought leasehold and producing interests in the Eagle Ford Shale from Texas-based Eagle Ford Minerals LLC for $250 million in cash.

The deal includes 6,820 net acres, primarily in LaSalle, Atascosa and McMullen counties.

Net production is approximately 2,670 barrels of oil equivalent per day, 85 percent of which is oil, from 81 gross wells. Carrizo estimates the assets' net proved reserves at 16.7 million barrels of oil equivalent, of which 82 percent is oil and 34 percent is developed.

Carrizo paid approximately $93 million when the deal closed October 24 and will pay the remaining $150 million by February 16, 2015.

Read more at the San Antonio Business Journal.

DPT Laboratories renews 60,000 SF in San Antonio 


SAN ANTONIO - DPT Laboratories, a pharmaceutical development and manufacturing organization, signed a two-year lease renewal for 60,000 sf in the industrial building at 5303-5305 Distribution Dr.

The single-story, 106,700-sf facility was completed in 1976 and is partially leased to Team Express Distributing.

Known as Distribution Drive Center, the facility is part of the approximately 22-building Rittiman East Industrial Park in Northeast San Antonio.

Read more at CoStar Group.

O'Connor: San Antonio apartment overview Oct. 2014 


SAN ANTONIO - Apartment data for October 2014 have been provided by O'Connor and Associates. Below is a portion of what's available.

San Antonio Apartment Overview Oct. 2014
Property/Unit Data Class A Class B Class C Overall
Total number units 53,402 53,296 42,400 157,549
Avg. SF 918.84 801.16 802.68 831.27
Avg. physical occupancy 91.36% 92.36% 89.81% 91.12%
Avg. preleased occupancy 92.63% 93.73% 90.70% 92.24%
Avg. market rent/SF $1.12 $0.93 $0.88 $0.96
Avg. market rent/unit $1,012.06 $719.60 $679.92 $780.59

Click here to see San Antonio Apartment Data Overview Oct. 2014.

See more apartment data at O'Connor and Associates.

Also see Multifamily in San Antonio Market Data Sources.

San Antonio's $13.4 billion hospitality industry 


SAN ANTONIO - The hospitality industry employs nearly 125,000 people and pumps an estimated $13.4 billion into the San Antonio economy annually, up from a record $12.2 billion set in 2012, according to a Trinity University study.

Trinity professors Richard Butler and Mary Stefl found that, of the total $13.4 billion that the hospitality industry generates for the local economy, nearly $350 million ends up in the city's and county's coffers.

The study reveals 122,500 local residents — or one in eight San Antonians — work in the travel and tourism sectors, which span hotels, taxis, theme parks, museums and more. Their annual payroll exceeds $2.49 billion, an increase from $2.23 billion in 2011 when about 112,500 employees worked in the industry.

An estimated 31 million people visit San Antonio each year, with 24.9 million of them traveling to the city for leisure.

Read more at the

Memory Care America to Westover Hills in San Antonio 


SAN ANTONIO - Memory Care America and Embree Healthcare Group are set to break ground on Memory Care of Westover Hills, a 64-bed facility that will care for residents with Alzheimer's and dementia.

Construction on the 45,370-sf facility will cost $8.5 million, according to the Texas Department of Licensing and Regulation. Memory Care of Westover Hills will be located at 10910 Town Center Dr.

Residents are expected to move in during fall 2015.

Read more at the San Antonio Business Journal.

UTSA freshman class is one of the largest 


SAN ANTONIO - The University of Texas at San Antonio enrolled nearly 5,000 new students for fall 2014, making the freshman class one of the largest in the school's history.

UTSA receives approximately 15,000 fall semester applications each year — admission was offered to about 60 percent of them. The school has steadily increased its admission standards in recent years.

This year, nearly 60 percent of incoming students graduated in the top quartile of their high school. That compares to just 38 percent who did so just five years ago.

UTSA's total enrollment, according to the fall 2014 Census Day Report, is 28,628.

Read more at the San Antonio Business Journal.

Robstown building $5 million city hall 


ROBSTOWN, NUECES COUNTY - The City of Robstown is constructing a new 17,500-sf city hall facility to house city utility departments, council chambers, and the municipal court.

The New City Hall will also be used at the Emergency Operations Center. The building will have a backup generator and it will implement green features into the design.

The project will cost nearly $5 million according to the Texas Department of Licensing and Regulation.

Robstown officials expect to move into the facility by May 2015.

Read more at KiiiTV.

Walmart to hire 95 at new San Antonio Neighborhood Market 


SAN ANTONIO - Walmart will hire nearly 100 individuals to work at the company's new San Antonio Walmart Neighborhood Market that will open later this winter.

Hiring managers at the new store at the intersection of Nacogdoches Rd. and MacArthur View will honor Walmart's national commitment to offer a job to any qualified veteran who has been honorably discharged within the past 12 months.

Store Manager Daniel Zamora said in a news release that the store will be hiring both full- and part-time workers who will help get the store ready in time for its January 2015 opening.

Read more at the San Antonio Business Journal.

San Antonio: EastGroup's three distribution properties 3Q 


San Antonio - Here's an update on three business distribution projects underway by EastGroup, according to SEC filings.

During the first nine months 2014, EastGroup began construction of 15 development projects containing 1.24 million sf with a projected total investment of $88.9 million.

The developments are located in Houston, San Antonio, Charlotte, Phoenix, Orlando and Tampa.

San Antonio Development Properties Started in 2014
Property Size (SF) Actual or
Alamo Ridge I 96,000 12/2014 $6,500,000
Alamo Ridge II 62,000 12/2014 $4,100,000
Thousand Oaks 4 66,000 03/2015 $5,100,000
Totals 224,000 - $15,700,000

Source: SEC filings

See Houston: EastGroup distribution projects 3Q 2014 SEC for details on Houston projects.

Balcones Lofts may spark revitalization with 84-unit complex 


BALCONES HEIGHTS, BEXAR COUNTY - Construction crews are set to break ground this week on Balcones Lofts, an 84-unit mixed-use development.

Balcones Lofts will be built with a community center and will have more than 3,500 sf for retail or commercial development to attract more businesses to the city.

Balcones Lofts is being developed as a partnership between The NRP Group, the City of Balcones Heights and Bexar County with an eventual goal of spurring additional economic development in the city.

The $11.9 million property will be located within walking distance of VIA Metropolitan Transit's VIA Primo bus rapid transit service.

Balcones Heights is located at the intersection of Loop 410, I-10 and Fredericksburg Rd.

Read more at the San Antonio Business Journal.

San Antonio: The Heights at Midcrown sold near Rackspace 

(10/21/2014 8:30:00 AM)

SAN ANTONIO - The Heights at Midcrown, a 208-unit apartment complex located at 8000 Midcrown in Northeast San Antonio has been sold. The PPA Group was the buyer.

The community offers one-, two- and three-bedroom units that range in size from 612 sf to 1,094 sf and in price from $525 to $810.

PPA plans to renovate some of the units in The Heights and add some new community perks. The Heights is located near one of the city's most prominent employers — Rackspace Hosting.

The Northeast Side submarket is familiar territory for PPA. In April, the firm announced plans to build a new complex called The Lookout at Comanche Hill.

PPA is also part of the team behind a new multifamily community known as the Aviator at Brooks City Base.

Read more at the San Antonio Business Journal.

Skyonic opens new carbon capture plant in San Antonio 


SAN ANTONIO - Skyonic will unveil its new carbon capture plant today, next to the Capitol Aggregates cement plant.

Austin-based Skyonic developed a technology that captures and reuses industrial air emissions. The new SkyMine plant will use electricity to turn carbon emissions into baking soda, bleach and hydrochloric acid which will then be sold commercially.

The $125 million SkyMine plant was funded in part by a grant from the U.S. Department of Energy with a match from Capitol Aggregates' parent, San Antonio-based Zachry Corp.

It is expected to have a total carbon impact of 300,000 tons annually and generate $48 million in revenue and $28 million in annual earnings. The company already has five and ten-year contracts in place for the sale of the products.

The new plant employs 44 full-time workers.

Read more at the San Antonio Business Journal.

SABOR: area home sales Sept. 2014 

(10/20/2014 8:00:00 AM)

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

•  The median price of existing single-family homes decreased to $173,000, down .7 percent versus August 2014.
•  Existing single-family home sales decreased 12.5 percent from August 2014 for a September 2014 total of 1,865 sold units.
•  Condos decreased in price to $100,000, down 8.7 percent versus August 2014.
•  Existing condo sales decreased 38.2 percent in September 2014 from August 2014 for a total of 55 sold units.

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

SABOR Sept. 2014 Regional Sales and Price Activity
MLS Wide Median Price
Sept. 2014
Price Chg.
vs. Sept. 2013
Units Sold
Sept. 2014
Sales Chg.
vs. Sept. 2013
$173,800 8.6% 1,865 6.7%
SABOR (condo) $100,000 -6.1% 55 3.8%
Region Cities*  
San Antonio $160,750 7.2% 1,289 8.1%
New Braunfels $199,900 12.3% 61 -28.2%
Converse $124,000 12.3% 57 58.3%
Boerne $319,500 7.2% 49 19.5%
Schertz $178,750 4.8% 42 16.7%
Cibolo $194,000 4.3% 37 8.8%
Helotes $245,000 -7.5% 33 -5.7%
Canyon Lake $198,000 -2.2% 31 -3.1%

*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.

Source: San Antonio Board of Realtors (SABOR) as of October 10, 2014.

Sold: San Antonio's 279,000-SF Sunset Ridge in Alamo Heights 

(10/20/2014 7:40:00 AM)

SAN ANTONIO - Philadelphia-based Resource Real Estate has purchased Sunset Ridge, the 41-building apartment community in Alamo Heights, from Austin-based SV Alamo Heights, according to CBRE.

The cluster of two-story buildings totals 279,026 sf and is located at 116 Vanderheck Rd., just north of the McNay Art Museum.

The two-story buildings were constructed in 1949.

Read more at the San Antonio Business Journal.

San Antonio spying: NSA jobs to grow by 1,000-plus jobs 

(10/17/2014 11:00:00 AM)

SAN ANTONIO - San Antonio will gain over 1,000 cybersecurity jobs over the next few years, according to Admiral Michael Rogers, director of the National Security Agency and commander of U.S. Cyber Command.

The military is growing a force of about 6,200 people to support its cybersecurity efforts through 2016-17 and a substantial segment of that growth will occur in San Antonio with the expansion of the 24th and 25th Air Forces.

The mission is critical because the potential cost to the nation from cyber attacks on critical infrastructure would reach into the hundreds of billions of dollars.

Read more at the San Antonio Business Journal.

San Antonio: 900,000 SF for Dollar General; 530 jobs 

(10/17/2014 10:44:00 AM)

SAN ANTONIO - Dollar General is building a 900,000-sf distribution center that will employ 530 people once the facility is open.

The center will serve more than 1,000 stores in Texas and the surrounding region. The Tennessee-based retailer will begin hiring people in the summer of 2015 and operations will begin next October.

The distribution center will be built on 110 acres at South Foster Industrial Park.

Dollar General currently has 61 stores in the San Antonio area that collectively employ 460 workers.

Read more at the San Antonio Business Journal.

San Antonio: more homes bought, being built 


SAN ANTONIO - Single-home sales and construction continued on their climb last month, according to San Antonio Board of Realtors (SABOR). “Consumer confidence is very prevalent right now,” SABOR President and CEO Angela Shields said.

In September, 2,280 single-family homes were sold, a 13.7 percent jump compared with September 2013, when 2,005 homes were sold. The September figure is lower than August, when 2,468 homes were sold.

The median home price jumped 9.4 percent from $168,800 in September 2013 to $184,700 last month.

SABOR's research also showed that in September more homes in the $200,000 to $500,000 range were sold, accounting for 39.4 percent of total sales, or 5.4 percent more than in September 2013.

Houses priced at less than $200,000 made up 56.1 percent of total sales last month — a 6 percent decrease from September 2013.

The average number of days that houses sold in September sat on the market was 63, six fewer than September 2013.

Read more at the San Antonio Express-News. See more SABOR stats at NewsTalk Texas.

Home is where the Heartis in San Antonio 


SAN ANTONIO - Dallas-based Caddis Partners plans to develop a 101-unit assisted-living and memory care complex in far North Central San Antonio near Huebner Rd. and Churchill Estates Blvd.

The Texas Department of Licensing and Regulation shows that the 86,000-sf development will cost $12.3 million to construct.

The facility will be branded as Heartis San Antonio and will house 77 assisted-living units and 24 secured memory-care units.

The project will be operated by Frontier Management and construction is slated to begin in November.

Read more at the San Antonio Business Journal.

Walmart shopping Devine and Universal City 


DEVINE, UNIVERSAL CITY - A 126,000-sf Walmart Supercenter has opened its doors at 175 I-35 North in Devine. The estimated cost of construction was $7.3 million, according to state filings.

The store will create approximately 200 full- and part-time jobs.

In Universal City, Walmart will also start construction on a $13.5 million store and gas station at 510 Kitty Hawk Rd. Universal City will land its first Walmart store sometime in 2016.

Read more at the San Antonio Express-News.

Listen to Podcast 213 for this story and more.

San Antonio outpost: Forest Park $98M, 150,000-SF hospital 


SAN ANTONIO - Dallas-based Forest Park Medical Center has opened its $98 million San Antonio facility.

The 150,000-sf hospital, built by the Neal Richards Group, has 12 operating suites, a cardiac catheterization lab, 54 private inpatient rooms, six intensive care rooms, and full ancillary services.

The physician-owned hospital system launched its flagship location in North Dallas five years ago. It has since opened medical centers in Frisco and Southlake and has others under construction in Austin and Fort Worth.

Read more at D Healthcare Daily.

Nissan of Boerne dealership brings hi-tech in 60,000 SF 


BOERNE - The new 60,000-sf Nissan of Boerne dealership has opened its doors at 31805 I-10 West. The estimated cost of construction was $7 million, according to state filings.

Nissan of Boerne, the largest Nissan dealership in Texas, will create over 100 new jobs, according to owner Umer Khawaja.

The dealership offers 33 state-of-the-art service bays. The dealership offers complimentary amenities including shuttle service; loaner cars; guest WiFi; refreshments; a very comfortable guest lounge and a fun play area for children.

Dealership will serve San Antonio and the surrounding communities of New Braunfels, San Marcos, Bandera, Kerrville, Fredericksburg and Hondo.

Read more at PRNewswire.

Listen to Podcast 230 for this story and more.

San Antonio re-ups cybersecurity veterans' bootcamp 

(10/8/2014 5:14:00 AM)

SAN ANTONIO - The San Antonio Chamber of Commerce is planning to re-up an entrepreneurial bootcamp for military veterans that has proved to be a success after its first year.

The program, which is free, launched in March with a goal of encouraging more military veterans preparing to leave the service to consider becoming entrepreneurs.

It has focused on the cybersecurity field because that is where many local veterans have gained valuable experience working with the 24th Air Force Cyber Command.

So far, the program has attracted 26 veterans and has seen two spinoff companies in various stages of development, including the new cybersecurity firm Infocyte.

The bootcamp consists of four quarterly programs with the first one focused on business strategy and planning, the second on business financing, the third on sales and marketing strategies and the final session on human resources.

Locations for the sessions rotate between various sponsor companies in the San Antonio area.

Read more at the San Antonio Business Journal.

See previous story San Antonio cyber bootcamps seek military officers.

San Antonio International adds nonstop flights to Miami 


SAN ANTONIO - American Airlines is expanding its service from San Antonio International Airport to Miami International.

The carrier will begin offering daily nonstop flights to South Florida in March. American Airlines will use Boeing 737- 800 aircraft for its daily round-trip service between San Antonio and Miami.

Flights will depart San Antonio in the morning and return to the Alamo City in the evening.

Read more at the San Antonio Business Journal.

San Antonio Canyon Springs Golf Club swings with other clubs 


SAN ANTONIO - Canyon Springs Golf Club is among the properties that have been acquired by Arcis Equity Partners LLC in an acquisition of 46 golf properties from CNL Lifestyle Properties Inc.

Arcis, which is based in Irving, Texas, has agreed to pay $306.5 million for the properties.

It is also expected to acquire two additional golf properties at a cost of $13.5 million.

Read more at the San Antonio Business Journal.

Tundra Bass Pro Shops trucks roll out of Toyota San Antonio 

(10/3/2014 9:00:00 AM)

SAN ANTONIO - Toyota, which hopes to capture a larger slice of the pickup truck market, is hitching its Tundra to the Bass Pro Shops brand.

The automaker has unveiled a new 2015 Toyota Tundra Bass Pro Shops Off-Road Edition truck that is manufactured on San Antonio’s South Side and will be available in several U.S. states.

The special edition Tundra will be available for purchase at Toyota dealerships in the Gulf States Region — which includes Texas, Arkansas, Louisiana, Mississippi and Oklahoma — beginning in October.

Consumers who purchase the vehicle will receive their choice of a special fishing, hunting, camping or marine outdoor gear lifestyle package from Bass Pro Shops valued at approximately $1,000.

The new trucks, available exclusively in silver, feature a 4x4 CrewMax SR5 configuration, which offers extra space for outdoor gear. It also includes a tow package that allows drivers to haul boats, ATVs or UTVs (utility task vehicles).

See Bass Pro Shops for a peek.

Read more at the San Antonio Business Journal.

San Antonio crude talks in the Eagle Ford Shale 


SAN ANTONIO AREA - The Center for Community and Business Research at the University of Texas at San Antonio’s Institute for Economic Development has released its 2014 economic impact report of the Eagle Ford Shale.

Overall, the 21-county area studied in the report is expected to increase regional economic output by 61 percent by 2023.

Economic Output by County
County 2013* 2023*
Nueces $11,830,469,550 $24,313,461,300
Karnes $10,964,709,282 $16,752,660,184
La Salle $9,001,341,991 $13,574,778,927
Dimmit $8,552,982,031 $12,341,837,612
McMullen $8,276,163,149 $12,518,235,902
Gonzales $7,463,132,427 $11,369,005,382
Live Oak $6,954,129,494 $8,646,546,519
Webb $5,008,394,112 $7,051,104,091
DeWitt $4,947,708,860 $7,288,946,345
Atascosa $3,309,321,673 $5,888,831,097
Bexar $3,238,996,650 $4,400,871,930
Lavaca $1,607,274,019 $2,661,190,775
Wilson $1,444,745,649 $2,109,895,697
Total 21-county area** $85,362,339,892 $135,024,683,617

*Includes direct, indirect, and induced impacts.
**The summation of the individual counties impacts is smaller than when the impacts are taken for the group as a whole.
Bolded counties are in the San Antonio Area.

Counties counted in the San Antonio Area that fall below $1 billion in the full report include

Frio County: 2013 – $685 million
Uvalde County: 2013 – $107 million

See the full report here.

See Market Overview under San Antonio Market Data Sources for more easy to find data.

Sold: 246-unit Marquis at Rogers's Ranch in San Antonio 

(10/2/2014 6:45:00 AM)

SAN ANTONIO - California-based MIG Real Estate has completed its acquisition of The Marquis at Roger’s Ranch, a 246-unit apartment community in northwest San Antonio.

The Marquis at Roger’s Ranch is located at 2727 Treble Creek, just off Loop 1604 between the master-planned developments of Stone Oak and La Cantera.

The multifamily community consists of 14 two- and three-story buildings with one-, two- and three-bedroom floor plans, as well as two-story townhome units.

Read more at the San Antonio Business Journal.

San Antonio: Austin Investor Interests 2Q 2014 apartments 

(10/1/2014 7:00:00 AM)

SAN ANTONIO - As expected, the second quarter 2014 was solid for the local apartment market, according to Austin Investor Interests.

Occupancy rates increased .29 percent, while effective rental rates increased 1.34 percent, finally breaking the $1-per-sf mark. Absorption levels have remained robust, with over 4,700 more units occupied than at midyear 2013.

New construction is faring especially well, as stabilized Class A units are showing an overall occupancy rate of over 94 percent, with rental rates at $1.20 per sf.

Sales activity increased, pushing up the average price of Class A property sales to a record high of almost $96,000.

It seems the only area that is showing any signs of slowing is the student-housing sector. Potential builders of future student projects have taken a step back to see how the latest wave is received. There are three on track to open for the fall semester.

Just the Facts 2Q 2014
Avg. occupancy 91.8%
Avg. rent $836
Avg. SF 832
Avg. $/SF $1.00
New units added
Avg. sales

2Q 2014 Affordable Housing Stats:
21,892 Units — 95.3% — $.80 per sf

2Q 2014 Student Housing Stats:
2,385 Units — 94.4% — $1.25 per sf

Source: Austin Investor Interests

Click here to see the full 2Q 2014 San Antonio Multifamily Trend Report, courtesy of Robin Davis.

Shale play fueling a manufactured-housing boom 


SAN ANTONIO - The manufactured housing market is booming, according to the latest Manufactured Housing Research Report by Marcus & Millichap.

The demand for manufactured homes is on the rise — as a result of such factors as rising home prices and increased job creation. Retiring Baby Boomers looking to get a second home — often in a warmer climate — are fueling the demand for this housing product as well.

Oil and gas plays like the Barnett Shale in North Texas and the Eagle Ford Shale in South Texas are also pumping up demand for manufactured housing.

But it’s not just would-be residents that are seeking manufactured housing communities. These neighborhoods are a hot commodity among investors too — including real estate investment trusts (REITs), insurance companies and equity funds.

Read more at the San Antonio Business Journal.

Wheatley Housing revitalization to East San Antonio 

(9/25/2014 9:00:00 AM)

SAN ANTONIO - The San Antonio Housing Authority (SAHA) has started the demolition of the Wheatley Courts housing project at 906 N. Mittman St. on the city’s East Side.

The property is being demolished to make room for a new 417-unit, mixed-income community.

This complex will be a major component of the Wheatley Transformation Plan that has been designed to bring quality housing, education, employment, health care and economic development opportunities to the East Side.

SAHA received nearly $30 million in December 2012 from the U.S. Department of Housing and Urban Development (HUD) for the Wheatley revitalization.

Read more at the San Antonio Business Journal.

Calif. investor sells 559 Class B units in San Antonio 

(9/25/2014 7:01:00 AM)

SAN ANTONIO - The 327-unit Park West and the 232-unit Parliament Bend have both been sold to California-based Regional Investment & Management.

The two Class B, garden-style communities are located in the Castle Hills submarket.

Park West, located at 11845 West Ave., offers studio, one- and two-bedroom floor plans that range from 413 sf to 823 sf. Rent varies from $489 to $829. It was constructed in 1979.

Parliament Bend, located at 11838 Parliament St., offers one- and two-bedroom units that range from 476 sf to 905 sf. Rent varies from $499 to $849. It was constructed in 1981.

“Mid-1980s construction is popular with multifamily investors due to the ease at which you can upgrade this property type and seek increased rents,” said Pat Jones, Austin-based principal at ARA Austin.

Read more at Multi-Housing News.

Northeast San Antonio: 28,000-SF senior center underway 


SAN ANTONIO - Guido Brothers Construction has broken ground on the $10 million, 28,000-sf Northeast Senior Center at 4135 Scarsdale in Northeast San Antonio.

The facility will have a large reception area, classrooms, offices, space for health screenings, exercise rooms, meeting rooms and a kitchen. The large multi-purpose room can be configured to a dining room that can hold up to 300 guests.

The City of San Antonio is paying for the construction with money set aside from the 2012 bond program. The facility is scheduled to be completed in 2015.

Read more at the San Antonio Business Journal.

$18M drops to The Strand at Huebner Oaks in SA 

(9/24/2014 6:58:00 AM)

SAN ANTONIO - Whitestone REIT has purchased The Strand at Huebner Oaks for $18 million or approximately $244 per sf, with an 8.3 percent cap rate. The 73,920-sf property is located along Huebner Rd., just off of I-10, in Northwest San Antonio.

The Strand boasts a 90 percent occupancy rate with tenants such as Half Price Books, Luce Italian Restaurant, Flying Saucer Draught Emporium, Pei Wei, Zoe's Kitchen, Birkenstock, and Smooth Lines Salon & Spa currently leasing space at the center.

Fulcrum Property Group was the seller.

Houston-based Whitestone also owns Windsor Park Centre, which spans roughly 200,000 sf along the northbound frontage of I-35 and Walzem Rd. on the Northeast Side.

Between Windsor Park and The Strand, Whitestone now owns nearly 300,000 sf of retail space in San Antonio.

Read more at the San Antonio Business Journal and CoStar Group.

San Antonio: Santikos Casablanca 'to play it, Sam' 

(9/23/2014 7:00:00 AM)

SAN ANTONIO - Santikos Theaters has broken ground on a new 110,000-sf movie theater in far west San Antonio at 11210 Alamo Ranch Pkwy. at SH-151 and Alamo Pkwy.

The Santikos Casablanca Theater will have a Spanish-themed edifice and feature the latest digital projection technology including an 85-foot 'AVX MAX' screen. Select auditoriums will have plush recliners and allow for food and beverage items to be delivered directly to patron’s seats.

The theater complex will also include a 16-lane bowling alley, a full-service sports bar and a restaurant.

Read more at the San Antonio Business Journal . Special thanks to Daniel Rodriguez of Santikos.

Lackland AFB: 645,000-SF hospital to enhance medical care 


SAN ANTONIO - San Antonio is home to a new military medical center, now rising at Lackland Air Force Base. 

The $457 million, 645,000-sf Lackland Ambulatory Care Center is a state-of-the-art replacement hospital that will become the largest ambulatory care center the Department of Defense has built to date.

Development of the new facility was driven by the Base Realignment and Closure Act (BRAC) of 2005, an initiative that consolidated all military medical training and health care in the San Antonio area.

The original strategy consisted of four phases totaling $480 million, including 680,000 sf of clinic space, a new central energy plant, a parking garage and overall site improvements. Phase one ended in November, and phases two and three are still under construction.

The $90 million phase two is 90 percent finished, with completion expected by January. Phase three should be done in June 2015. Valued at $92.5 million, the third phase is around 75 percent complete.

A fourth and final phase that includes demolishing Wilford Hall is planned for 2015-2016 but is contingent on government funding.

Read more from

PicaPica Flip'z to Trampoline Park in San Antonio 


SAN ANTONIO - Local developer Al Honigblum is once again spicing things up at his South San Antonio venue, PicaPica Plaza. The latest addition is the 25,000-sf Flip’z Trampoline Park.

Flip’z will join another leading children’s attraction of PicaPica Plaza — Kiddie Park, which opened two years ago. Flip'z will feature two trampolines for high-flying basketball dunking, a foam pit and two full-size dodgeball courts.

PicaPica Plaza debuted in December 2012 — bringing new purpose to a 130,000-sf retail box that once had been home to both Walmart and defunct retailer Steve & Barry’s.

PicaPica Plaza now has roughly 200 retail and service vendors doing business.

Read more at the San Antonio Business Journal.

TAMU-San Antonio opens 171,000-SF academic center 

(9/19/2014 3:30:00 PM)

SAN ANTONIO - Texas A&M University-San Antonio has formally dedicated Central Academic Building & Patriots' Casa. The $75 million building is the largest yet on TAMU-San Antonio's growing campus located in South San Antonio.

The four-story, 170,750-sf building will be the physical heart of the fastest-growing component of the Texas A&M University System. It features an auditorium, lecture halls, science labs and classrooms.

Space will be provided for various student services, student lounge areas and an “Opportunity Mall/Hall” for events and club activities. A cyber café and food court are also planned with wireless Internet throughout.

About 300 new parking spaces are being added near the Central Academic Building for visitors, students, faculty and staff.

The school near the intersection of Loop 410 and Zarzamora St. has an enrollment of about 4,520 students and has grown 216 percent in the past five years.

About 74 percent of the student population are first-generation college students.

Read more at the San Antonio Express-News.

Mission shines on South San Antonio solar-panel factory 


SAN ANTONIO - Mission Solar Energy is set to open the company’s 240,000-sf manufacturing facility at Brooks City-Base.

The solar voltaic panels produced at this South San Antonio facility will be used at various CPS Energy and commercial projects throughout the city and around the world.

Mission Solar Energy, which relocated its corporate headquarters to San Antonio as part of CPS Energy’s New Energy Economic Initiative, invested more than $130 million to build the 100 megawatt-capacity N-type solar cell and module facility.

Once the plant reaches full capacity in 2015, the company will reach 200 megawatt capacity.

The company currently employs 240 people and plans to create more than 400 competitive jobs in San Antonio.

Read more at the San Antonio Business Journal.

Delta to add nonstop flights from San Antonio to LAX 


SAN ANTONIO - Delta Air Lines will begin offering twice-daily nonstop service from San Antonio to Los Angeles International Airport (LAX), starting April 2015.

With the addition of Los Angeles, Delta will serve six destinations from San Antonio International Airport, including Atlanta, Detroit, Minneapolis-St. Paul, New York and Salt Lake City.

The nonstop service also will give San Antonio passengers the ability to connect on Delta’s trans-Pacific flights from LAX.

Earlier this summer, American Airlines also announced that it would be expanding nonstop service between San Antonio and Los Angeles starting October 2014.

Read more at the San Antonio Business Journal.

SABOR: homes in San Antonio are spending less time on market 

(9/17/2014 10:09:00 AM)

SAN ANTONIO - The housing market remains as hot as the city’s so-called fall weather, according to the August 2014 Multiple Listing Service report by the San Antonio Board of Realtors (SABOR).

At the end of August, homes were spending an average of just 60 days on the market — a 14 percent decrease from August 2013.

The local inventory level, meanwhile, remains at a very lean 4.5 months. By comparison, the national inventory level presently stands at 5.5 months.

A total of 2,468 home were sold in August — a 2 percent increase from the 2,416 homes sold over August 2013.

The average home price, as of August 2014 stood at $222,993 — a 6 percent increase from the average of $209,413 posted a year ago. The median price of a home in greater San Antonio now stands at $183,300 — up 5 percent from the median of $175,100 as of August 2013.

Homes priced under $200,000 continue to account for the bulk of home sales in the greater San Antonio housing market — to the tune of 56.9 percent of all sales reported in August.

Homes priced between $200,000 and $500,000 accounted for 38.7 percent of the market. Homes priced over $500,000 accounted for 4.5 percent of home sales, while homes priced over $1 million accounted for 0.5 percent of all homes sold in August.

Read more at the San Antonio Business Journal.

SABOR: area home sales August 2014 

(9/16/2014 9:00:00 AM)

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

•  The median price of existing single-family homes decreased to $175,000, down 1.8 percent versus July 2014.
•  Existing single-family home sales decreased 5.6 percent from July 2014 for an August 2014 total of 2,066 sold units.
•  Condos increased in price to $109,750, up 18.0 percent versus July 2014.
•  Existing condo sales increased 22.2 percent in August 2014 over July 2014 for a total of 88 sold units.

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

SABOR August 2014 Regional Sales and Price Activity
MLS Wide Median Price
Aug. 2014
Price Chg.
vs. Aug. 2013
Units Sold
Aug. 2014
Sales Chg.
vs. Aug. 2013
$175,000 6.1% 2,066 -2.1%
SABOR (condo) $109,750 6.6% 88 31.3%
Region Cities*  
San Antonio $164,100 3.2% 1,387 -3.4%
New Braunfels $196,425 4.5% 80 -7.0%
Converse $129,775 10.6% 56 7.7%
Cibolo $185,000 6.5% 53 10.4%
Schertz $176,000 7.3% 49 88.5%
Boerne $280,000 -3.3% 45 -42.3%
Helotes $252,000 7.2% 41 5.1%
Canyon Lake $189,000 -1.4% 36 50.0%

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

See previous housing and SABOR at NewsTalk Texas.

See Housing under San Antonio Market Data Sources.

Source: San Antonio Board of Realtors (SABOR).

Toyota + two vendors = 100 jobs in South San Antonio 


SAN ANTONIO - Automotive suppliers Forma Automotive LLC and ASI will establish operations at Toyota's on-site supplier park in South San Antonio.

These two companies will supply components to Toyota’s truck assembly plant, where local workers build the Japanese automaker’s Tundra and Tacoma trucks for the North American market.

Forma Automotive employees will assemble Tacoma truck beds inside the Toyota plant. ASI is building a greenfield facility at the supplier park that will supply exhaust systems for the truck plant.

Each company will hire about 50 employees by June 2015.

Read more at the San Antonio Business Journal.

Enrollment record for San Antonio's UIW 


SAN ANTONIO - The University of the Incarnate Word (UIW) set a record for student enrollment this year with 9,940 students.

That is a 3.6 percent increase from last year and enrollment has nearly tripled since 2000.

UIW is now the fourth largest private university in Texas. The San Antonio-based school offers 80 undergraduate, graduate and professional programs.

Read more at the San Antonio Business Journal.

San Antonio 328-unit Bella Madera sold by Harbor 


SAN ANTONIO - Harbor Group International (HGI), a global real estate investment firm, sold the 328-unit Bella Madera Apartments at 2914 Olmos Creek Dr. to Falkin Platnick Realty Group.

The 246,520-sf apartment complex was built in 2006 on 16.8 acres in the Castle Wood Forest Multifamily submarket.

The community consists of 13 three-story buildings offering one- and two-bedroom units. At the time of purchase, the community was 96 percent occupied.

Read more at CoStar Group.

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 


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 


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 


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 


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 


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 


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 


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 


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 


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 


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 


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 


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 


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  


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
$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 


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 


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. 


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 


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 


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. 


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
$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 


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
Avg. Asking Lease Rates
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 


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! 


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 


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 


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 


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 


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 


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 


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 


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 


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 


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.

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