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, […]
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 […]
Construction numbers are going down and demand is going up — two factors that should make for a stronger apartment market over the second half of 2010, according to the latest analysis by Marcus & Millichap Real Estate Services. Of the 2,680 apartment units slated to be added to the local multifamily real estate sector […]
Commercial Real Estate Sectors, hurt by weak job growth, are offering incentives in many areas that are conducive to business expansion, according to The National Association Of Realtors. Lawrence Yun, NAR Chief Economist, said fallout from the Recession continues to impact Commercial Real Estate. “Vacancy rates are beginning to level off in some sectors, but […]
Loop Net reports that in Q2, overall sales above $2.5-million in San Antonio decreased 62% compared to the prior year. Over the last 12 months, the price per square foot for office property is down 4%, multifamily is up 25%, and retail is down 84%.
Texans are “lucky puppies” thanks to the relative strength of the state’s economy, but regulatory uncertainty is threatening the national recovery, Federal Reserve Bank of Dallas President Richard Fisher said Thursday. In Texas, weak spots such as commercial real estate remain, and recent Dallas Fed surveys of manufacturers have yielded disappointing results. But job creation […]
Today’s San Antonio Express News reports that “after a slow start, San Antonio employers this year should hire for all the jobs lost in 2009.” Growth in the first half of the year was slower than expected but should pickup in the second half. For the year, S.A. should see a 2% increase in job […]
According to a survey of more than 30.6 million sf of industrial space conducted by NAI REOC San Antonio, Second quarter activity softened the citywide vacancy rate to 13.1 percent versus 12.7 percent last quarter, while the average quoted triple net rental rate for all property types combined remained flat at $5.57 per sf per […]