Hemisfair To Become 'True Urban Park District'
With excitement building for the annual Bisnow San Antonio multifamily development event at the St. Anthony March 8, we asked Hemisfair Park Area Redevelopment Corp CEO Andres Andujar about the future of the Hemisfair District, one of the most buzzworthy projects in the city.
Andres says the project will bring three urban parks and 2,000 residential units, and re-brand Hemisfair into a true urban park district. The first step of the development, Yanaguana Garden, was completed in October 2015 and has already hosted more…
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The Bisnow Rich List: The 100 Wealthiest Commercial Real Estate Moguls In America
From industrial titans to rock star office developers and those who invested fortunes earned in other fields, Bisnow brings you The Rich List—a ranking of the 100 wealthiest commercial real estate players in the US.
Click here to see the full list.
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Stream Realty Preps For Phase 2 At Westover Hills
Stream Realty Partners' San Antonio office will add a 101k SF Class-A office property to its One51 Office Centre campus in Westover Hills. There isn't an exact date yet for the groundbreaking, but a spokesperson for the company tells Bisnow it will be in Q1 2016 and will deliver by the end of the year.
The new building is Phase 2 of the project. Phase 1 broke ground in 2014 and has been a success for Stream as Westover Hills has become a strong submarket. One51 Office Centre is surrounded by offices for Nationwide Insurance, Wells Fargo, Hartford Insurance, Capital Group, Chase Bank, Microsoft and others.
Phase 2 will be built on 8.97 acres, off Highway 151 at 9810 SH 151. It will be a two-story building with flexible working spaces between 22k SF and 101k SF. The building will feature high ceilings, 24-hour security, oversized windows and seamless access to Highway 151. Construction is estimated to cost $6.4M.
Stream Realty Partners' Central Texas managing director, Carolyn Shaw, will lease the property.
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Why Heritage Crossing Lease Is Such A Big Deal
LKQ Corp's 127k SF lease in Heritage Crossing was the largest in Austin last year. Avison Young SVP John T. Baird (pictured with family), who repped the tenant with colleagues Jeff Bodenman and Jacob Bobek, tells us the deal is…
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We're Looking For Good Writers!
Bisnow Texas is hiring! We're looking for a full-time Houston and a full-time Dallas reporter, people who can write quickly and concisely and have the curiosity and energy to track down news and ask the right questions. If that's you or someone you know, email Catie Dixon, catie@bisnow.com. |
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How Long Can Jobless Claims Remain This Low? Economists Comment
Though jobless claims saw a mid-February jump to 272,000, the number still reached its 51st consecutive week below the 300,000 mark—the longest stretch since the 1970s. But jobless claims can't stay low forever. (Or can they?!) To get some clarity on the topic, we spoke to some top economists to get a breakdown.
Cushman & Wakefield economist Ken McCarthy says claims are likely to remain below 300,000 in 2016 as the economy plows forward with strong job growth and companies become more inclined to retain workers (given the shortage of the unemployed).
Click here to read the full story. |
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Come Hear What's Spurring The San Antonio Multifamily Market
Multifamily occupancy continues to soar across Central Texas, but can this record-setting growth cycle continue? Bisnow gathered the experts to let you know at Bisnow's San Antonio Multifamily event on March 8 (7:30am start) at The St. Anthony at 300 E Travis in San Antonio. Among the star-studded panelists are The Lynd Co CEO Mike Lynd Jr., Hemisfair CEO Andres Andujar, NRP Group SVP Dan Markson, USAA managing director Hailey Ghalib and Legacy Alliance Holdings partner Brad DeYoung, among others. Save your place now by registering here. If you're interested in sponsoring the event, reach out to Karen Pierre at Karen.pierre@bisnow.com |
Bisnow's Partner Of The Month: Kids For Laos Orphans
Every month, Bisnow partners with, and donates to, a new charitable organization, including Your Grateful Nation and LUNG FORCE. This month, Bisnow is working with Kids for Laos Orphas (KiLO), a nonprofit organization started by Andrew, Matthew and William Liner, the…
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Industry Innovators And Legends At Bisnow's First National Hospitality Event On The West Coast
With disruptive companies like Airbnb radically changing the landscape, the hospitality industry is transforming every day. Are hotels stronger than ever or on the brink of extinction? Is Airbnb's expansion into multifamily a doomed venture or a veritable gold mine?…
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