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Happy New Year! It’s that time of year for Forecasts and Predictions. I have been a member for years of a Brokers Breakfast Group and each December we each make a forecast for the Year Ahead – will it be Better, the Same or Worse? This year the consensus was mostly the Same or Better, […]
The Happy Holiday Season is upon us and it is time for Black Friday retail shopping and the rush to get all of the great and popular gifts for Christmas. So let’s look at retail commercial real estate, because when you read the press, you would think that Black Friday’s meaning is really the death […]
Downtown San Antonio is undergoing an amazing transformation. Mayor Castro, in January 2009, declared this to be the “Decade of Downtown” and so it has been, and we are just getting started. There are three elements that came together to start this in 2005: 1. Kit Goldsbury sold Pace Picante Sauce to Campbell Soup and […]
The San Antonio industrial real estate market has really been on fire lately for new plant announcements. Investment Realty just scored a big win in the manufacturing arena with the updating of the Toyota plant on Applewhite Road for $391-million. This plant opened in 2006, manufacturing the very popular Tundra truck. Then, it also picked […]
“How you doin’?” is our typical greeting, but let’s ask Commercial Real Estate that question. In San Antonio we are doing pretty well, thank you. Texas is leading the nation in population growth, growing at twice the rate of California and more then Florida and Colorado. San Antonio is right there with the other major […]
A frequent topic I see lately is the issue of Affordable Housing and property value in San Antonio. One of the biggest expenses of owning property, whether it’s your own home or a rental property, is property taxes. Home appreciation in San Antonio averaged about 4.3% last year, one of the highest rates in Texas. […]
Let’s take a whip around the various commercial real estate sectors in San Antonio and see how it is going. Apartments occupancies just got back above 90% after a dip from 93% down to 89%. Apartments are given to a two year over-building cycle, so this is to be expected. However, while concessions are still […]
The broad consensus among commercial real estate investors, far and wide, is that we are in the very late stages of this current expansion, yet, the markets still remain surprisingly stable and durable. Now that the worries about more interest increases have calmed, and the stock market’s December tantrum has been mostly erased, IRC has […]
Job growth remains strong in the Lone Star State, in fact more than any other state, with an increase of 391,800 for the year, according to the latest figures released by the Texas Workforce Commission. This is actually more than double California’s growth, with Florida running a close second to Texas. (I believe all 391,800 […]
I sense everyone is getting pretty nervous right now: 1. This has been a really long economic advance. 2. Trump’s election has enhanced and lengthened it. 3. Interest rates are rising, for now. 4. All believe we are in the Late Stable stage of the commercial real estate cycle. 5. I have seen investors putting […]
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