San Antonio
Laurus Acquires Two Hilton Airport Hotels in One Week
Laurus Corp., a private real estate investment and development firm, has acquired the Hilton Kansas City Airport hotel in Kansas City, Mo., its fifth hotel this year and the second in less than a week. A few days earlier, the company had closed on the Hilton San Antonio Airport Hotel in San Antonio.
Hyatt Hill Country Undergoes $35M Renovation
Woodbine Development Corp. recently unveiled interesting details regarding the $35 million renovation and expansion of its Hyatt Regency Hill Country Resort and Spa in San Antonio. The renovation project will be completed in two phases.
Ashley Oaks Apartments Changes Hands in $30.8M Deal
Steadfast Income REIT, Inc. made its third acquisition in Texas on Nov. 29, with the purchase of Ashley Oaks in North Central San Antonio. The 462-unit garden-style apartment community was sold for $30.8 million. Built in three phases, in 1985 and 1995, the multifamily property is currently 93 percent occupied.
Alamo Colleges opens work training building at Port San Antonio
Alamo Colleges has opened a new Workforce Center of Excellence in South San Antonio, through an agreement with Port San Antonio. According to the agreement, Port San Antonio donated the building and almost 30 acres of land, next to the port’s East Kelly Railport to the Alamo Colleges, reported the San Antonio Express-News.
Live Oak-Gottesman Continues Office Shopping Spree, Buys Network Crossing
Austin-based Live Oak-Gottesman has bought Network Crossing, a 143,831-square-foot office property spanning five buildings in Northwest San Antonio. The acquisition marks the sixth purchase for the company and this is not all. At the time of the sale, the property was 89 percent occupied, reported Citybizlist.com.
NuStar Energy to Sell Local Refinery
As part of a strategic shift to focus on more stable operations, NuStar Energy L.P. plans to sell its San Antonio refinery while boosting its investment in Eagle Ford Shale. The company announced the intention of buying a crude oil pipeline and related assets, along with natural gas liquid assets, for $425 million. The seller is TexStar Midstream Services L.P.
Transwestern Tapped to Lease, Manage Texas Center for Athletes
Transwestern’s San Antonio office has been hired to provide leasing and management services for the Texas Center for Athletes, according to a company news release. Transwestern managing directors Russell Noll and Alan Grilliette, senior vice president Ken Adams and property manager Kathy Nielsen have been awarded the assignment for the property. The leasing team includes Amber Austin and Licia Shreves.
Bluerock Sells 269-Unit Stratford Community
Bluerock Real Estate L.L.C. announced the sale of The Stratford apartments, a 269-unit multifamily community in Northwest San Antonio. The company purchased the property in December 2008, in a joint venture with The Lynd Co. Lynd Co., the 34th largest apartment manager in the United States, managed the property on behalf of the partnership.
Scott Felder Homes Selected as Builder for Havenwood Community
Austin-based Scott Felder Homes will serve as the recommended builder for the Havenwood community, following a strategic relationship with SouthStar Communities, a residential real estate development company and owner of the master-planned community located in New Braunfels.
San Antonio to Welcome TRISUN Healthcare Assisted-Living Center
A new TRISUN Healthcare assisted-living and memory-care facility will be built in San Antonio, next to the TRISUN Care Center at Lakeside, which opened this summer. The 53,313-square-foot complex will have 42 assisted-living and 18 memory-care units. Designed by Austin-based DFD Architects and built by San Antonio-based Metropolitan Contracting Co., it will sit on 5.2 acres of land near Loop 410 and State Highway 151.