San Antonio
Sevona Westover Hills Community Acquired by Steel Castle Property Partners
Renowned real estate investment vehicle, Steel Castle Property Partners, announced the acquisition of a Class A multifamily property in San Antonio’s distinguished Westover Hills community. The transaction was performed through Steel Castle Capital LLC, a boutique real estate investment management firm with offices on both coasts.
Garrison General Contractors Announces Renovation of La Quinta Inn San Antonio
The La Quinta Inn & Suites – San Antonio North Stone Oak is about to receive a makeover. The hotel is part of one of the country’s largest hotel chains. The assigned construction firm is San Antonio-based Garrison General Contractors.
H-E-B Proposes $100M Master Plan for City
By Anca Gagiuc, Associate Editor
H-E-B has revealed its plans for a $100 million master plan that would transform the area north of the historic King William neighborhood. The project is designed to be developed in two phases and would encompass almost 27 acres.
IPA Arranges Sale of The Ridge at Bandera Apartment Community
The apartment community at the intersection of Loop 1604 and Bandera Highway, at 10950 Biering Lane, has changed owners. Institutional Property Advisors (IPA), a multifamily division of Marcus & Millichap, has overseen the transaction, without releasing any details.
Stream Private Data Center Breaks Ground in San Antonio
“San Antonio’s central location, reliable infrastructure and stable cost of electricity make it a great choice for national enterprise users to locate and operate their mission-critical infrastructure,” said Rob Kennedy, co-managing partner, Stream Data Centers. With this in mind, the Stream Private Data Center (PDC) broke ground in the master-planned business park Westover Hills.
Big Red Dog Announces New Apartment Community in San Antonio
Besides the Abandoned Peanut Factory project, Big Red Dog announced the construction of their newest community in the city of San Antonio. The engineering firm is specialized in civil engineering, permitting, and land-use consulting for real estate and natural resource development has been expanding recently not only in the downtown area, but also in the suburbs. They will provide engineering and entitlements services for the Medical Center apartment project.
Traders Village San Antonio Announces Major Expansion
Two years after the grand opening of Traders Village San Antonio, the management announced a substantial expansion that is scheduled to be completed by spring 2014. Current vendors interested in pre-leasing can apply starting with October 1st and new vendors can do so starting October 8th.
New Senior-Living Community to be Developed in San Antonio
The Public Finance Authority has approved a $120 million bond to finance qualified costs associated with the acquisition, construction, installation, and equipping of two new senior living communities, one in Cibolo Canyon in San Antonio and the other in Chattanooga, TN. The owner is Samarian Housing and the developer is WholeLife Companies; the new properties will be built under its WholeLife Traditions concept.
Wedgwood Senior Living Community Sold to Out-of-State Investor
Wedgwood Apartments, the North Central senior apartment community located at 6701 Blanco Road, has changed owners. The property is easy to reach from Loop 410 and U.S. Highway 281 and close to much of what San Antonio has to offer.
CBRE Manages Sale of Westover Springs
A Class A multi-housing community in northwest San Antonio has been taken off the market as result of the successful representation by CBRE Central Texas Multi-Housing Group. Charles Cirar, Ryan Epstein and Michael Wardlaw represented the seller and Jim Kirkpatrick and Jim Richards with CBRE’s Debt and Equity Finance Group arranged the financing for Westover Springs located at 12105 State Highway 151.