Source: NAI REOC San Antonio
The economy persists in playing a major role in the overall slowdown of the San Antonio commercial real estate environment but the industrial market ended the year on a positive note, according to the fourth quarter survey of more than 30 million square feet of competitive, multi-tenant industrial space conducted by the research department of local commercial real estate company NAI REOC San Antonio. …Read Entire Post
The aerospace industry dominates operations at Port San Antonio (formerly Kelly AFB). According to a recent study conducted by SABER Research Institute, the thirteen aerospace-related companies located at Port San Antonio directly employ about 4,300 workers and account for $1.46 billion in annual economic activity.
For more information about the report and growth at Port San Antonio, read Port’s aerospace industry boasts $1.5 billion impact (MySA.com, 1-19-10) and Port San Antonio’s economic impact tops $1 billion (San Antonio Business Journal, 1-19-10).
Here’s a fun way to stay on top of headlines from around the world. Check out Newseum.org at http://www.newseum.org/todaysfrontpages/flash/ Daily newspaper front pages are displayed in their original, unedited form. Just put your mouse on a city anywhere in the world and the newspaper headlines pop up. Double click the dot on the map and the page gets larger. This site changes every day with the publication of new editions.
It is too early to know the full impact of Toyota’s recent announcement to suspend production at five North American plants. Toyota, the world’s largest automaker, needs time to assess and coordinate activities related to the recall of eight vehicle models due to accelerator pedals that stick. …Read Entire Post
Developer David Berndt Interest Ltd. recently sold Woodlake Crossing (160,000 sf) – a Northeast power center completed last year and located at the southwest corner of FM 78 & Woodlake Parkway. Inland Real Estate Group purchased the center which is situated adjacent to Super Target and anchored by Best Buy, Office Max, Ross Dress for Less and Petco. The center was reportedly 81% occupied at time of sale. Read release in Realty News Report, Texas Roundup.
In the wake of the Wells Fargo – Wachovia merger officially signed in December of 2008, it was recently announced that 55 Wachovia and 24 Wells Fargo locations across Texas will be consolidated while 161 Wachovia branches will be rebranded with the Wells Fargo name. …Read Entire Post
Nix Medical Center
The Nix Medical Center, located downtown at 414 Navarro St., is undergoing a $2 million upgrade, including three new chiller units which are expected to reduce its carbon footprint. The improvements are part of a plan to certify the 300,000 square-foot Nix hospital/medical office building as an Energy Star building.
…Read Entire Post
Sentry Gateway
Corporate Office Properties Trust (COPT) is nearing completion on the redevelopment and expansion of the two buildings which previously served as the former Sony Electronics plant (475,000 sf) at Loop 410 & W. Military Dr. Upon completion, the high-security facility will accommodate the National Security Agency (NSA). …Read Entire Post
Newly renamed Wonderland of the Americas
The Crossroads of San Antonio mall (630,718 sf), located at Loop 410 & IH 10, will be renamed Wonderland of the Americas – marking a return to its roots. Originally opened in 1961 as Wonderland Shopping Center and remembered by most as Wonderland Mall, the property later underwent a $28 million renovation in 1986 and was renamed Crossroads of San Antonio.
…Read Entire Post
