San Antonio
Sage Hospitality Increases Portfolio with Éilan Hotel Resort & Spa
The Premier and Lifestyle Division of Sage Hospitality has extended with the company’s purchase of the Éilan Hotel Resort & Spa. This division is of interest to the management who invests in its growth through the addition of vibrant and progressive hotels, connecting modern luxury with harmonious style and design.
Prado Student Development Breaks Ground in San Antonio
Three new student developments encompassing 1,400 units have broken ground under the Fountain Residential Partners name. These projects will serve The University of Texas – San Antonio, the main campus of The University of Houston, and The University of Minnesota – Twin Cities. Leasing will start in the following months and occupancy in autumn of 2014.
Turner Construction to Build Airport’s Consolidated Car Facility
By Anca Gagiuc, Associate Editor Eight companies entered the competition to build San Antonio’s first airport CONRAC (consolidated rental car facility). New York-based Turner Construction Co. scored 90.5 points out of 100 for its proposal and was selected the winner by the city council. This facility will bring the International Airport one step closer to […]
Inland Teams With Dutch Pension Fund on $600M JV
IAGM Retail Fund I Member, a wholly owned subsidiary of Inland American Real Estate Trust Inc., has formed a new retail joint venture with PGGM Private Real Estate Fund, a $172 billion Dutch pension fund service provider.
Whispering Hills Apartment Complex Attracts Dallas Investor
The San Antonio multifamily market is of growing interest for out-of-town buyers. The region’s bright economic outlook has attracted a growing number of investors in the past 12 months.
USAA Real Estate Partners with Patrinely Group for New Office Development in La Cantera
The commercial market of San Antonio prepares ground for a new office development on La Cantera Parkway. USAA Real Estate Co., the owner and master developer of La Cantera, and Patrinely Group LLC, announced to local brokers their collaboration on the WestRidge project.
Marcus & Millichap Gains Listing for 240-Unit San Antonio Apartment Complex
Bandera Commons, the 240-unit apartment complex in San Antonio, has become the exclusive listing of Marcus & Millichap Real Estate Investment Services, with the price yet “to be determined by market”. Senior associates Joe James and Kent Myers, together with associate Reynold Greenway, all from the Austin Marcus & Millichap office, will act as brokers for the seller, a private investor.
Children’s Hospital of San Antonio Receives $20M Donation from Goldsbury Foundation
The Goldsbury Foundation announced its contribution of $20 million to the renovation of Children’s Hospital of San Antonio. This is the most consistent donation in the history of Christus Santa Rosa Health System. The sum will be paid out over the next five years.
LaSalle Group to Build City’s First Memory-Care Community
The LaSalle Group, a leader of the senior industry with over ten years of experience in the field, in partnership with MedProperties Investment Partners, LP, a private equity fund with specialized investment strategy in healthcare real estate, and Frost Bank, recently announced their plan to build the firm’s first memory care community in San Antonio. Called Autumn Leaves of Stone Oak, it will be located at 20272 Stone Oak Parkway and is expected to open in spring of 2014.
LGI Buys 200-Acre Site at Luckey Ranch, with Plans to Build 800 Homes
LGI Homes announced the purchase of 208 acres of land in San Antonio’s far West Side with plans to build approximately 800 new homes. Terms of the sale were not disclosed. The deal is part of a larger master-planned development in the area, called Luckey Ranch, which spans over 610 acres of land and will eventually include 2,400 homes.