|
|
 C-III Capital Partners LLC (C-III) announced today that it has completed its previously announced acquisition of NAI Global, the largest and premier network of independent commercial real estate firms worldwide.
C-III is led by CEO Andrew L. Farkas, who founded and was Chairman and CEO of Insignia Financial Group, Inc. (NYSE:IFS). …Read Entire Post
 H-E-B Plus @ Bandera & 1604 This spring, shoppers in the area will be rolling their carts down the aisles of a different supermarket than they are accustomed to. According to the H-E-B supermarket chain, the new store currently under construction off 1604 and Bandera will be their biggest facility yet.
Click to read more information: H-E-B’s largest store expands shopping on Northwest side (MySA.com, 12-15-12); Expansion is in store for H-E-B this year (MySA.com, 1-19-12).
 Let’s say you own a C corporation that needs to raise some cash and you’re considering the sale of a warehouse that has been depreciated to zero. But the company still uses the warehouse and doesn’t want to lose control of it.
Think about entering into a sale-lease transaction. You buy the warehouse personally and then lease it back to the company.
Click to read the Tax advantages of older properties (Sol Schwartz & Associates, P.C., 1-20-12)
Dallas-based equity firm Stratford Land earlier this month closed on the purchase of a large tract of land in the nearby city of Windcrest— marking a major leap forward in the effort to breathe new life into what was once a thriving retail hub in the San Antonio area.
Development plans for how the acreage will be utilized are still in the early stages, but Stratford sees the tract as a prime site for a range of uses — including retail stores, restaurants, hotels and apartments.
The 111-acre parcel is located along a major freeway artery — Interstate Highway 35 North at Eisenhauer Road— and just down the road from one of the city’s largest and fastest growing employers: locally grown technology powerhouse Rackspace Hosting, Inc.
Click to read full article: Windcrest site near Rackspace is in developer’s sites (San Antonio Business Journal, 1-20-12)
 Source: NAI REOC San Antonio In the final quarter of 2011, San Antonio office market fundamentals continued on a sluggish path of recovery. Citywide vacancy remains elevated at 20.0% – the highest in two decades – but rental rates have stabilized at $20.99 and demand for office space generated positive absorption in the fourth quarter. New leases and expansions inked between October and December registered 90,325 square feet of positive net gain – an important step in the right direction. …Read Entire Post
 At the end of 2011,San Antonio’s housing market proved itself to be — in a word — stable.
The market is also “consistent,” “unwavering,” “firm,” and showing “permanence,” according to the year-end report by the San Antonio Board of Realtors (SABOR).
“Total number of sales for the year remained unwavering,” states SABOR. All told, there were 17,914 single-family sales in the greater San Antonio area over the course of 2011 — unchanged from 2010 sales. …Read Entire Post
Industrial real estate may not grab headlines, but the sector has recovered slowly throughout 2011 and insiders expect the trend to continue in 2012 and beyond. Industrial’s recovery is uneven, however, with larger distribution markets experiencing strong growth while outlying markets have higher vacancy rates and are drawing less interest.
Large institutional owners will remain active in primary markets – the East and West Coasts, Texas and Chicago– while value-add investors and private equity firms may dip into second-tier markets.
When it comes to leasing, as on the investment side, activity has been strongest in core markets.
Click to read full article: Investors keep buying industrial real estate…expect a big 2012 (REDNews, 12-31-11)
Excerpts from November 30, 2011 article in The Oakstone / LAX Morning Minute.
 Forward Management LLC While residential property markets remain troubled, commercial real estate markets have already entered an up cycle and are poised for “slow, steady improvement” over the next five to seven years, says a new white paper from Forward Management, LLC (“Forward”).
Titled Inflection Point: The Start of a New Cycle in Real Estate?, the paper posits that the recovery will play out in uneven waves acrossU.S. and international markets. Knowledge-based “gateway” cities and technology corridors are already recovering as job growth fuels demand across commercial property sectors. As vacancies drop and rents rise in those areas, demand will likely spill over into suburban job centers and secondary markets, the paper suggests.
Click to read full article: Commercial Real Estate Market Recovery Has Already Begun, Says New White Paper From Forward (PRNewswire via COMTEX, 1-11-12)
 RoomStore Inc. is in the process of closing its five San Antonio retail outlets as part of a bankruptcy reorganization.
TheSan Antoniostores are among 25 locations in the retailer’s 63-store chain that are holding store-closing sales. The sales, which started last weekend, have been billed in ads as a “total liquidation” of the individual stores. …Read Entire Post
 Weatherford, 1-11-12 If it’s been awhile since you’ve driven along I-37 south of Loop 410 you may be surprised to see large buildings rising out of the ground and huge earth-moving equipment clearing the way for more. As reported earlier, the Eagle Ford Shale play is bringing oilfield services jobs to San Antonio and South Texas. Companies such as Halliburton, Weatherford and Baker Hughes have purchased large tracts of land in the southeast sector and are in the process of building operations centers.
|
|
