{"id":1004367563,"date":"2019-11-12T03:59:07","date_gmt":"2019-11-12T11:59:07","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004367563"},"modified":"2019-11-12T04:06:20","modified_gmt":"2019-11-12T12:06:20","slug":"cbre-acquires-san-antonio-firm","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cbre-acquires-san-antonio-firm\/","title":{"rendered":"CBRE Acquires San Antonio Firm"},"content":{"rendered":"
\"\"<\/a>

Gardner Peavy, Managing Director San Antonio, CBRE. Image courtesy of CBRE<\/em><\/p><\/div>\n

CBRE has acquired REATA Real Estate, a San Antonio-based firm that focuses on retail, office, medical office and land. With a team of 45 people, REATA covers Central and South Texas. Following the acquisition, the firm’s staff will become part of CBRE\u2019s team of approximately 400 employees who cover the San Antonio market.  <\/p>\n

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READ ALSO<\/strong>: US Green Office Trend Reaches New Heights<\/a><\/p>\n

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Founded in 2001, REATA currently represents San Antonio spaces including The Vistana\u2019s 1,770 square feet for retail or restaurant space at 100 N. Santa Rosa St., the 29,100 square feet available in the Roadrunner Plaza at UTSA Boulevard and UTEX Boulevard, and the 1.3-acre site at 9823 and 9907 San Pedro Ave. that used to be a Mission Mitsubishi.<\/p>\n

 \u201cWe like how REATA\u2019s team meshes with our existing San Antonio team,\u201d <\/em>Gardner Peavy, managing director in CBRE\u2019s San Antonio office, told Commercial Property Executive. \u201cThe services REATA provides complement ours and expand our business in South and Central Texas.\u201d<\/em><\/p>\n

Michael Jersin, REATA\u2019s CEO & partner, said the firm has had a strong relationship with CBRE\u2019s San Antonio office for a long time and joining the company will better allow REATA to serve its clients in more markets and with more services. Earlier this year, CBRE also welcomed a new executive vice president, Jim Batjer<\/a>.<\/p>\n

Strength of San Antonio<\/h2>\n

REATA and CBRE can expect more coming deals, as business remains healthy in San Antonio. The metro’s office market has been seeing a steady rise in rates, according to a third quarter CBRE office report.<\/p>\n

According to the study, asking rates throughout the San Antonio market rose 37 cents, hitting $23.08 per square foot in the third quarter, a 13 percent increase over a five-year period. Vacancy dropped from 14.4 percent in the second quarter to 14 percent flat in the third, as the city is embracing its urban revitalization. Moreover, nearly 1 million square feet of office space was under construction as of the third quarter, the report added.<\/p>\n

While the office market is hot, San Antonio\u2019s retail sector has cooled down somewhat, according to CBRE\u2019s third quarter retail report. Occupancy rates bumped down to 94.3 percent, while net absorption remained positive, but dropped to 74,588 square feet. However, the study noted that the local economy is still doing well, as its growing labor force saw a 4.8 percent increase from May to August, with the construction, health-care, and leisure and hospitality sectors seeing strong growth.<\/p>\n","protected":false},"excerpt":{"rendered":"

REATA Real Estate’s 45 employees will be joining the company’s team of approximately 400 agents and staffers in the San Antonio division. <\/p>\n","protected":false},"author":883,"featured_media":1004367602,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21781,21743,21808,21742,21747,21749,1607],"tags":[32789,47066,47786],"class_list":["post-1004367563","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-real-estate","category-deals","category-featured","category-latest","category-office","category-retail","category-san-antonio","tag-cbre","tag-jim-batjer","tag-reata-real-estate"],"acf":[],"yoast_head":"\nCBRE Acquires San Antonio Firm - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cbre-acquires-san-antonio-firm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBRE Acquires San Antonio Firm\" \/>\n<meta property=\"og:description\" content=\"REATA Real Estate's 45 employees will be joining the company's team of approximately 400 agents and staffers in the San Antonio division.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cbre-acquires-san-antonio-firm\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-12T11:59:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-11-12T12:06:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Gardner-Peavy.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jackson Chen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-acquires-san-antonio-firm\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/cbre-acquires-san-antonio-firm\/\",\"name\":\"CBRE Acquires San Antonio Firm - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-acquires-san-antonio-firm\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-acquires-san-antonio-firm\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Gardner-Peavy.jpg\",\"datePublished\":\"2019-11-12T11:59:07+00:00\",\"dateModified\":\"2019-11-12T12:06:20+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/8d4607aca26f3427c49fe54ddc82ddf1\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-acquires-san-antonio-firm\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/cbre-acquires-san-antonio-firm\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-acquires-san-antonio-firm\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Gardner-Peavy.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Gardner-Peavy.jpg\",\"width\":800,\"height\":620,\"caption\":\"Gardner Peavy, Managing Director San Antonio, CBRE. 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