Blog

Despite strong opposition, Texas bill to ban ‘impact’ fees moves to Senate

May 8, 2017

Rep. Ron Simmons refused pleas to halt his bill that would ban linkage fees on residential builders. Simmons stood his ground on the house floor and was opposed to any new tax that would make the price of affordable housing increase. “We’re just saying that we’re not going to have linkage fees that put the […]

Pot Warehouses Are Going Through a Boom

May 3, 2017

Medical and recreational marijuana use is now legal in 28 U.S states, this has initially created an increase in warehouse property values as well as rents which multiplied 4 times over, and cut prices for the plant from $4,000 to $1,000/lb. Growers have begun to move some of their operations from warehouses to greenhouses which […]

Year Over Year Office Absorption Drops To 5 Year Low, And Other Worrisome Q1 Stats

May 2, 2017

Principal economist at Cushman & Wakefield, Ken McCarthy believes we have reached a point of inflection in the office market. Absorption remained positive and has stayed relatively flat since the 4Q 2016, as have vacancy rates. McCarthy notes that the significance of this is that the state of absorption in the office sector is due […]

Hulu posts job openings days after announcing San Antonio expansion

May 1, 2017

Hulu has arrived in San Antonio and plans on creating 500 new jobs by the end of 2018. It has already released 8 job postings seeking to fill entry to senior level positions. The company is planning on leasing and renovating 4511 Horizon Hill Blvd. which has qualified for city and county incentive packages by […]

Millennials Are All About the Online Experience—Except in Real Estate

April 27, 2017

A recent survey by CentSai, a financial wellness website, shows that millennials would much prefer to work with a real estate agent or mortgage lender face to face, over 70% respectively, as opposed to with online professionals due to reasons such as personal touch, handholding, and local knowledge. A recent Ellie Mae survey showed similar […]

Port San Antonio begins work on new 17-acre tech industry campus

April 26, 2017

Former Kelly Airforce Base, Port San Antonio is beginning construction on one of six similar $20 Million technology industry buildings. The structure will be 90,000 SF and is expected to add 300 jobs to the 12,000 positions already filled and active throughout the port. The building is part of a 17 -acre industrial campus within […]

As Some Retailers Stumble, Dollar Stores Continue to Show Strength

April 25, 2017

Although most big box retailers are currently struggling in today’s retail environment, the dollar store segment is powering forward, developing more locations, expanding, and testing concepts. Howard Davidowitz, chairman of New York City-based retail consulting and investment banking firm Davidowitz & Associates, believes the distress within the middle class in conjunction with the low prices […]

Developers say retail deals getting tougher in West Michigan

April 24, 2017

Veteran developer Chris Brochert, a partner with Lormax Stern Development, has been in retail development for almost forty years, seen numerous real estate cycles, and notes how much more difficult it has become to put together deals in recent times. He gives TJ Maxx as an example of how higher development costs have contributed to […]

Counting the Cost of Texas Health Care

April 21, 2017

Healthcare expenditure accounts for nearly half of the state budget, and has exceeded state inflation as well as population growth in the last few years. Fiscal spending in 2015 for the state was $42.9 Billion, 43.1% of total state appropriations, between 2011-2015 the state increased its government spending on healthcare by 19.7%. Increased medical breakthroughs […]

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