Most retailers are struggling in this tough economy but discount stores seem to be gaining ground as consumers look for ways to stretch their dollars. A new 22,000 square-foot 99 Cents Only Store recently opened at 2942 Thousand Oaks Drive marking the fifth location in San Antonio. …Read Entire Post
 |
 |
|||
|
 Kress Building The original art-deco style architecture of the historic Kress Building located at 313 E. Houston Street is visible once again. The 1939 building had previously been covered in black safety drapes to protect pedestrians from falling debris but the facade restoration that started earlier this year is now complete. …Read Entire Post  Source: NAI REOC San Antonio The anemic economy has many retailers languishing in the doldrums but the San Antonio market posted positive activity in the second quarter. New leases and expansions within the city’s 45 million square feet of retail inventory produced 61,950 square feet of positive net absorption led by the re-tenanting of space in the North Central sector at San Pedro Crossing. …Read Entire Post  Source: NAI REOC San Antonio The retail real estate market in the Alamo City weakened over the past year in response to the dampened national economy. According to the survey of nearly 45 million square feet of retail space, citywide vacancy for all property types combined ticked up to 13.8% at the close of the first quarter versus 13.7% last quarter and 13.6% recorded in the same quarter last year. …Read Entire Post  North Star Mall General Growth Properties, Inc. (GGP), the nation’s second-largest shopping mall operator, reportedly reached a deal with Brookfield Asset Management, Inc. of Canada that will provide an exit from Chapter 11 bankruptcy protection and avoid the $10 million hostile takeover bid made recently by Simon Property Group, Inc., the largest U.S. shopping mall owner. Read General Growth inks deal to exit bankruptcy (MSN.com, 2-24-10) and the GGP press release (GGP, 2-24-10). …Read Entire Post  Source: NAI REOC San Antonio San Antonio’s retail market – despite its status as one of the country’s least-troubled economies – remains sluggish due to the severe slump that has deflated consumer confidence and, more importantly, clipped consumer spending. Still, area population growth and a recovering housing market continue to support growth, albeit at a much slower pace. …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.
|
||
|
Copyright © 2010 NAI REOC San Antonio | San Antonio Commercial Real Estate Blog - All Rights Reserved
Posts Feed |
|||
In the wake of the 
