September 21, 2011
In Austin, Apartment Realty Advisors principal Dave Fournier tells us affordable housing occupancy is particularly tight for the LIHTC properties that serve tenants at 30% of area median income and where average market rents are high (i.e. Chicago). In other words, renters are downgrading asset classes and driving up demand for affordable housing. All of […]
August 31, 2011
Apartment market conditions continue to improve across the board, according to the National Multi Housing Council’s (NMHC) latest Quarterly Survey of Apartment Market Conditions. “Demand for apartment residences continues to rise, even as the overall economy remains hampered by the aftermath of the housing bubble,” said NMHC Chief Economist Mark Obrinsky. “For the fifth time […]
August 8, 2011
In the June edition, I wrote about Uncertainty; and sadly this monster is still roaming, becoming even stronger, like a Transformer. In this metaphor from the movie, Risk is that fast and neat car, which is manageable to drive. But then it morphs into the monster of Uncertainty, which is destructive, deadly and uncontrollable, causing […]
July 8, 2011
Kilgore-based Martin Midstream Partners LP said Tuesday that it will build a terminal at the Port of Corpus Christi to receive crude oil from the Eagle Ford shale via a recently announced pipeline. Read More
June 20, 2011
San Antonio is home to a wealth of higher education choices, including Texas’ two major public university systems, community colleges and an extensive menu of private offerings. David Gabler, assistant vice president of communications at the University of Texas at San Antonio, says the university’s 29,000 students make it the fastest-growing university in the state […]
May 25, 2011
Developers Diversified Realty Corp., based in Beachwood, announced plans last week to knock down unprofitable shopping centers in San Antonio, Texas, and Denver and remake the sites around new Target stores. The publicly traded company, which owns and manages approximately 520 retail properties globally, views redevelopment as a growth strategy in a recession-scarred industry where […]
July 23, 2010
“Uncertainty” is our word for the day. It applies to predictions of future events and the unknown. Uncertainty is distinctly different from the familiar term “risk” which is a measurable uncertainty. Uncertainty is immeasurable. Risk, in the financial arena, is quantifiable. It is incorporated into interest rates, discount rates, insurance premiums, capitalization rates and the […]
June 18, 2010
Commercial real estate investors reveal both frustration and disappointment at the lack of quality buying opportunities that many expected would have materialized by now, according to the second quarter 2010 findings of PricewaterhouseCoopers’ Korpacz Real Estate Investor Survey. The report notes that the unknown speed and strength of the economic recovery has many investors anxious, […]
January 10, 2010
This blog is to be a convenient method for readers who are interested in Commercial Real Estate investing in San Antonio, Texas. We know you are assaulted daily with all sorts of conflicting information and insights on how the real estate market is doing, where to invest and what to avoid. IRC makes it our […]