From The Wall Street Journal October 27, 2010 Over the last year, as the economy was beginning to grow again, the Lone Star State has led the nation with the addition of nearly 153,000 jobs, while California surrendered 43,700 … This superior jobs recovery builds on the fact that Texas also weathered the national recession […]
According to Real Capital Analytics, “Transaction volume has risen and yields have compressed in each successive quarter this year, not only for the overall market but within each property sector as well. Other positive indicators include the mix of investors bidding vigorously on certain assets, an improving rate of distress workouts largely offsetting new inflows […]
CMBS issuance rising again Refinancing capacity is slowly returning to retail real estate, as investors regain interest in the CMBS market. Issuance of U.S. commercial mortgage-backed securities is on track to total between $10 billion and $15 billion this year, research firm Investcap Advisers expects. That compares to $12 billion in 2008 and $3 billion […]
If you’re looking for new commercial development in San Antonio, you may be hard pressed to find any. The commercial real estate market in San Antonio, like nearly every other large city in the country, is at a virtual standstill. That is, unless you look at medical office construction. San Antonio office space is no […]
Dr. Ted Jones, Chief Economist for Stewart, says: “We now have set the stage for rising interest rates, rising oil prices, and therefore rising gasoline prices. Throw in some economic recovery in the next 18 to 30 months (increasing the demand and price for oil) and you have my forecast: Gasoline will cost $5 per […]
Nationwide Insurance will be hiring hundreds of new employees and consolidating office space in San Antonio once it opens a new facility in Westover Hills in 2012. Last year, Nationwide announced that it had selected San Antonio for a new sales and service operations center that would support the hiring of 800 individuals. On Monday, […]
Retail activity in San Antonio is growing, sales tax data shows. San Antonio will receive a $16 million allocation from the state in sales tax revenue in October. This is up 2.62 percent from October 2009. Click here to read full article.
SAN ANTONIO (San Antonio Business Journal) – San Antonio-New Braunfels gained a net 200 jobs while the unemployment rate dropped to 7.6 percent last month, down from 7.7 percent in July, according to the latest figures from Workforce Solutions. Over the last 12 months, the area gained 1,000 jobs, a 0.1 percent increase.
The “real economy” — economic activity that is not stimulated by tax credits — appears to be “turning the corner toward recovery,” Dr. Mark Dotzou said yesterday while speaking at the Texas Society of CPAs Financial Institutions conference in Dallas. Dotzour, the Real Estate Center’s chief economist, said corporate profits and new orders for manufacturing have […]
Real Estate Investing is All the Rage Again. Should You Cash In? by Francesca Levy – Sep. 13, 2010 I wrote last week about the housing markets that were the best bets for residential real estate investors, suggesting that home buyers could use the advice as a clue to which markets would turn around soonest. The top […]