SAN ANTONIO-The state's fourth-largest city has caught up to its big sisters. Class A rent is slipping, vacancy is rising and tenants are reaping the benefits. But, it's most likely temporary since construction is at a bare minimum.
AUSTIN-The stability of real estate values doesn't mean there aren't any concerns about the marketplace. Austin's chief appraiser recognizes the problem areas, but says it's still a better scenario than the downturns of yesteryear.
AUSTIN-Smartech Computer Services signs a sub-sublease deal for 5,678 sf vacated by Norwood Promotional Products. Smartech goes from the southeast submarket to newer product in Austin's southwest sector.
AUSTIN-The latest research by Staubach shows overall vacancy is 22.84%, up from 16.6% just three months ago. And the market has not finished leveling off, says the firm's research director. Rent is down 54 cents per sf.
AUSTIN-The latest research by Staubach shows overall vacancy is 22.84%, up from 16.6% just three months ago. And the market has not finished leveling off, says the firm's research director. Rent is down 54 cents per sf.
AUSTIN-City council agrees to buy 44 1/2 acres with five buildings from the state. It's not a done deal until asbestos abatement costs are calculated. The intent is to build out the holding on the east side for the city's health department.
AUSTIN-The pawnshop operator's changes increase net income to $1.1 million and lowers debt by 44%, the bulk of which came in the sale/leaseback of 31 stores in its nationwide network. Rent is up $500,000 for the first quarter.
AUSTIN-Moore Supply now occupies the entire building at 8740 Shoal Creek Blvd. The company, based in Conroe, TX, signs a five-year deal in its 10,000-sf expansion in Austin's northern corridor.
AUSTIN-Schlosser Development snags a long-term lease with one of Austin's favorite sons. The grocer orders 80,000 sf for a store and the balance of the 170,000 sf in an upper-floor headquarters of Schlosser's seven-story plan.
SAN ANTONIO-Praedium Group's desire to vacate San Antonio is a windfall for Shreveport, LA-based Sealy & Co. The 14-building, one-million sf portfolio carried a $26-million asking price, although the sale value was not discussed.