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 Source: NAI REOC San Antonio New leases and expansions inked in the first three months of the year generated 35,257 square feet of positive net absorption in the medical office market. Demand for medical space is actually much stronger than indicated but, in many cases, healthcare-related tenants have targeted non-medical buildings. The citywide medical market vacancy rate improved slightly to 19.7% compared to 20.0% last quarter. The current vacancy rate, however, is up slightly compared to 19.3% recorded in the same quarter last year due mainly to the addition of new space over the past twelve months including Mission Trail Medical Plaza (80,000 sf) and Shavano Oaks III (26,532 sf). …Read Entire Post
 San Antonio-based Taco Cabana celebrates the opening of a new restaurant location at I-10 and Ralph Fair Road. The location, which reflects the brand’s recent evolution and draws on the ideas of fun and flavor with a relaxed patio vibe, is the first new location in San Antonio since July 2008. Its opening coincides with a year-long initiative to remodel all San Antonio restaurant locations that is already underway.
Click to read entire article Taco Cabana celebrates grand opening of new San Antonio location (PRNewswire, 5-24-11)
 UHS Robert B Green campus The health care industry faces many challenges including a growing need for health care professionals and a high number of uninsured residents in the region. The University Health System, which serves the residents of Bexar County and beyond, recognized an additional challenge – the need to update their tired facilities.
In response, a major capital improvement program was launched late 2010/early 2011. The $130 million worth of improvements at the Robert B. Green campus downtown are on target for completion in December. The expansion includes a six-story Clinical Services Building (250,000 sf). Click here to see a video virtual tour of the Robert B. Green facility. …Read Entire Post
 3559 Belgium Ln. Locally-based office furniture dealer the BroussardGroup recently purchased the office/warehouse building (55,000 sf) located at 3559 Belgium Lane on the city’s East Side. The new location is roughly double the size of its formerly leased space at 1107 AT&T Center Pkwy.
Click to read Office furniture dealer BroussardGroup acquires East San Antonio building (San Antonio Business Journal, 5-11-12)
 Metropolitan Methodist Hospital Expansion Methodist Healthcare System, bracing for an anticipated sharp increase in demand for services in the center city, is preparing to make the next move on that front. According to the San Antonio Business Journal, Methodist plans to break ground this summer on a major expansion of its Metropolitan Methodist Hospital. …Read Entire Post
 The $7.4 million Buc-ee’s Travel Center at I-35 and FM 306 is now open. The New Braunfels’ edition of Buc-ee’s, a chain hailed as the greatest gas stations on Earth, spreads across 18 acres and boasts a 67,000-square-foot stucco-and-stone store with 60 gas pumps. Buc-ee’s expects 5,500 cars per day to stop at the new store.
Click to read the full article Largest Buc-ee’s store opens on Interstate 35 in New Braunfels (Seguin Gazette, 5-8-12)
 Centre Plaza Austin-based Live Oak-Gottesman recently purchased Centre Plaza (138,300 sf)…again. Live Oak-Gottesman originally acquired the building in 1993 and later sold it in 1998. The property sits at 45 NE Loop 410 in the North Central sector and has a current occupancy rate of 62% but the new owners plan to spend big bucks to upgrade the property in order to attract new tenants and improve occupancy.
Click to read the full article: Austin real-estate firm Live Oak-Gottesman is back in San Antonio and making deals (San Antonio Business Journal, 5-11-12)
 Source: NAI REOC San Antonio The San Antoniooffice market is expected to face increased vacancy later in 2012 resulting from several large users like NuStar Energy, KCI, and Nationwide Insurance vacating multi-tenant office buildings in order to occupy newly constructed build-to-suit facilities, but healthy leasing activity in the first three months generated 215,922 square feet of positive net absorption. This marks the third consecutive quarter of positive net gain for the local office market and the largest since mid-year 2010. …Read Entire Post
 Development of oil and natural gas in the Eagle Ford Shale contributed $25 billion in total economic output to the region in 2011, according to a study released today by the Center for Community and Business Research at The University of Texas at San Antonio Institute for Economic Development.
“The Eagle Ford Shale has proven to be one of the most important economic engines in the state,” said Thomas Tunstall, director of the UTSA Center for Community and Business Research and the study’s principal investigator. “In 2011 alone, the play generated over $25 billion in revenue, supported 47,000 full-time jobs in the area and provided $257 million in local government revenue.”
The study also concluded that in 2011 shale development:
- Paid $3.1 billion in salaries and benefits to workers,
- Provided more than $12.6 billion in gross regional product,
- Added more than $358 million in state revenues including $120.4 million in severance taxes
- And spurred a triple-digit sales tax revenue increase in various local counties.
Click to read full article Eagle Ford Shale generated more than $25B in revenue for South Texas in 2011 (UTSA Today, 5-9-12) and follow link at bottom to view full study report.
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