Contact & Follow Us!
    Fax Key Title Group-San Antonio Offices
  • Alamo Heights (210) 579-7285Loop 1604 (210) 960-0074

News – San Antonio

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

​​​​​​A map that shows Camp Bullis in northern Bexar County, along with its water resources.SAN ANTONIO – Future water shortages predicted for the Middle Trinity Aquifer, from which Camp Bullis and Camp Stanley draw well water, are less likely to drive those military operations away as deals with the San Antonio Water System (SAWS) reduce their reliance on that water source.

Camp Bullis, which is part of Joint Base San Antonio, is further along with its plans to have access to reliable potable water across its nearly 28,000-acre property in North San Antonio. 

To connect Camp Bullis to SAWS, Joint Base San Antonio secured a $5 million grant from Texas’ Defense Economic Adjustment Assistance program through the Texas Military Preparedness Commission for secondary water sources. 

The redundant supply helps ensure Camp Bullis’ footprint in San Antonio for years to come. 

Camp Stanley—under the purview of U.S. Army North—relies on Trinity Aquifer wells. 

Camp Stanley officials said the plan is to connect itself to SAWS someday also.​

​​An aerial view of the land.LA PORTE – Houston-based Avera Cos. acquired several hundred acres near Port Houston.

The company bought 369 acres between two large tracts of land from Pittsburgh-based PPG Industries.

Both tracts sit alongside Bay Area Blvd.; one tract is 235 acres and the other is 134 acres.

Avera sold the 235-acre tract to Beazer Homes, which plans to develop a master-planned community on the land.

A portion of the land Beazer bought will also include a multifamily complex and a senior-living facility.

Avera will develop the remaining 134 acres with retail and commercial offerings to cater to the master-planned community.

Work on the site will start first quarter 2018.

​​​​The McCarty Business Park in Houston, a Class B industrial space.HOUSTON – Dallas-based ATCAP Fund I bought a four-property, 16-building Houston industrial portfolio totaling 936,608 sf from Stockbridge Capital Group.

The portfolio included the Astro Business Park on Knight Rd, the McCarty Business Park, two buildings on Griggs Rd. and four buildings on Westpark Dr.

The portfolio comprises:

  • the 206,483-sf Astro Business Park at 8825-9087 Knight Rd.; 
  • two buildings tot​aling 225,475 sf at 5990-6018 Griggs Rd.; 
  • the 298,081-sf McC​arty Business Park at 245-309 McCarty St.; and, 
  • four buildings totaling 206,569 sf at 8710-8798 Westpark​ Dr.

The portfolio is 95 percent leased.

​​​Illes logo​CARROLLTON – After an expansion that nearly doubles its footprint at the site, Illes Foods will soon occupy 155,496 sf of industrial space at 2022 McKenzie Dr.

Illes food scientists and culinologists make a "one stop" solution for all seasoning and flavors needs.

The company, which is also based in Carrollton, previously leased 73,584 sf.

Illes decided to renew its lease and expand into 81,912 additional sf.

The company will expand into its new space in January 2018.​

​​​Market Activity (includes industrial and flex properties) YTD 2017 Vacancy 7.2% Availability 9.9% Net Absorption (SF) 116,352 Leasing Activity (SF) 4,707,691 Deliveries (SF) 2,646,140 Under Construction (SF) 1,404,497 Avg Asking NNN Rent (PSF) $10.55AUSTIN –Here are some market highlights​ from the Austin Industrial Monthly Market Snapshot for December 2017, from NAI Partners:

Net absorption returns to positive territory year-to-date. 

  • After the first three quarters of 2017 tallied over 500,000 sf of negative net absorption, quarter-to-date has come through with 624,210 sf of positive absorption for a year-to-date positive 116,352 sf. 
  • New supply completed during 2017 is at 2.6 million sf, and current projects under construction weigh in at 1.4 million sf.

Investment sales volume is down year-over-year. 

  • Real Capital Analytics data reports year-to-date industrial sales volume in the Austin area at $305.2 million, resulting in a year-over-year change of -26.4 percent. 

Recent job growth makes Austin the 17th-fastest growing major metro. 

  • The Austin Chamber of Commerce reported that Austin added 22,200 net new jobs, or 2.2 percent, in the 12 months ending in October, with manufacturing j​obs growing at 5.1 percent year-over-year, outpacing private industry growth for the seventh month in a row.