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News – San Antonio

* This news feed is generated through NewsTalk Texas, provided by the Real Estate Center at Texas A&M University

19 Dec

Posted at 10:00h in Austin-Round Rock, Dallas-Fort Worth-Arlington, Retail, San Antonio-New Braunfels

​​ALLEN – New York-based DLC Management is buying the Village at Allen retail center from Prudential Insurance and MGHerring Group.

The 180-acre shopping center at the southeast corner of I-75 and Stacy Ln. opened in 2008. Tenants in the over 800,000-sf​​ development include Best Buy, Toys R Us, Pier 1 Imports, the Leather Sofa Co., Tuesday Morning, Total Wine, Dicks Sporting Goods, and Sleep Experts. 

The deal is set to close before year end. 

19 Dec

Posted at 10:00h in Austin-Round Rock, Industrial, San Antonio-New Braunfels

​CORPUS CHRISTI – The Port of Corpus Christi is leasing a 13-acre cargo dock and 35-acre marine terminal facility to Gulf Coast Growth Ventures.

Port commissioners unanimously approved the deal last week. The tenant is a joint venture of ExxonMobil and Saudi Arabia Basic Industries Corp.

The developers selected a 1,300-acre parcel near Gregory for the ethane steam cracker plant earlier this year. The facility will use ethane gas supplied in the United States to produce polyethylene and monoethylene glycol for export around the globe. 

The plant is tentatively scheduled to open in 2022. Its development will generate about 6,000 construction jobs at its peak. The project will create over 600 permanent jobs with an average annual salary of $90,000. 

19 Dec

Posted at 09:00h in Austin-Round Rock, Dallas-Fort Worth-Arlington, Housing, San Antonio-New Braunfels

​​​​​​WASHINGTON, D.C. – U.S. ​​homebuilders are feeling more optimistic than they have in 18 years. 

The National Association of Home Builders/Wells Fargo builder sentiment index rose five points to 74 this month, the highest it's been since July of 1999.

Readings above 50 show that more builders see sales conditions as good rather than poor. The index has stayed above 60 since September 2016. 

All three components of the index rose in December. The reading gauging builders' view of single-family home sales rose four points to 81. The outlook for sales over the next six months ticked up three points to 79. The measure of traffic by prospective buyers jumped eight points to 58.

The December index exceeded the expectations of analysts surveyed by FactSet, which expected a reading of 70.