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HMC Opens Wyndham Microtel Inn & Suites

HMC Opens Wyndham Microtel Inn & Suites

The Eagle Ford Shale oil and gas development is a powerful magnet for different kinds of businesses. Hospitality Management Corporation (HMC) recently announced the opening of a newly built Microtel Inn & Suites by Wyndham in Kenedy, TX, just one hour south of San Antonio.…

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KB Home Acquires 78-Acre Lot for New Mirabel Community

KB Home Acquires 78-Acre Lot for New Mirabel Community

A new community of single family homes is scheduled to enter the construction phase starting this September, northwest of San Antonio, at the base of the Texas Hill Country, and along the IH-10 corridor. Mirabel will spread on 78 acres, recently purchased by renowned homebuilder KB Home and is expected…

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NRP Group Sells Belleza at Cresta Bella Apartments to Inland

NRP Group Sells Belleza at Cresta Bella Apartments to Inland

The Class A multifamily development Belleza at Cresta Bella Apartments has changed owners. NRP Group LLC turned it over to Illinois-based Inland, a distinguished Real Estate Investment Trust for an undisclosed amount; the sale has been brokered by CBRE.…

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TODAY’S DEALS: Newly Built San Antonio Property Trades Hands

TODAY’S DEALS: Newly Built San Antonio Property Trades Hands

The NPR Group sells a 300-unit asset in Houston to Pensam Capital; Carroll Organization and The Carlyle Group complete a Houston apartment disposition; and GFI fetches $175k per unit for a 53-unit apartment building in the Bronx, N.Y.…

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Heyco Energy Group Invests in Gas Converting Plant for Eagle Ford Shale Area

Heyco Energy Group Invests in Gas Converting Plant for Eagle Ford Shale Area

About an hour and a half east of San Antonio in Lavaca county on alternate U.S. Highway 77, Dallas-based Heyco Energy Group announced the development of a new plant. It will produce liquefied natural gas (LNG) which will be sold to fuel distributors, not directly to the public or LNG…

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Construction Progresses at Candlewood Suites in San Antonio

Construction Progresses at Candlewood Suites in San Antonio

What is to become the “largest Candlewood Suites hotel” in the world is progressing towards a scheduled open date in July 2014. Cleveland Construction, Inc., the current general contractor for the Fort Sam Houston Candlewood Suites hotel located in Joint Base San Antonio, shared updates about the massive development, designed…

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San Antonio’s Shavano Centre III Listed For Sale Through Marcus & Millichap

San Antonio’s Shavano Centre III Listed For Sale Through Marcus & Millichap

Marcus & Millichap recently announced they’ve been chosen by a San Antonio developer to market for sale the office building known as Shavano Center III. Scott Ryan, an associate vice president investment is responsible with the transaction. The listing’s price is $12.5 million, $197 per square foot.…

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Presidium Group Acquires Villages of Cinnamon Creek

Presidium Group Acquires Villages of Cinnamon Creek

Dallas-based Presidium Group, LLC, announced the acquisition of the fourth residential property in the San Antonio area over the past six months. The other three apartment complexes are the 252-unit Oakwell Springs, the 81-unit Hunter's Ridge Apartments, and the 123-unit Towne Oaks apartments.…

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San Antonio City Council Selects Gustafson Guthrie Nichol to Design Hemisfair’s Civic Park

San Antonio City Council Selects Gustafson Guthrie Nichol to Design Hemisfair’s Civic Park

The San Antonio City Council has selected the firm to design and arrange the landscape architecture for the Hemisfair Park. The winner is Seattle-based Gustafson Guthrie Nichol (GGN). The project is part of a series of three parks on the Hemisfair site.…

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KB Home Announces New Community of Built-to-Order Homes in New Braunfels

KB Home Announces New Community of Built-to-Order Homes in New Braunfels

This summer, New Braunfels will make room for a new construction site that will offer to homebuyers 469 Built to Order homes in a new community called West Village at Creekside. The grand opening is scheduled for January 2015.…

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New Development Breaks Ground in Historic Leon Springs

New Development Breaks Ground in Historic Leon Springs

San Antonio-based Embrey Partners, New York City-based Case Pomeroy Properties, and San Antonio-based Leon Creek, Ltd. have broken ground on a 15-acre, 320-unit, multi-family community as part of a larger, mixed-use development.…

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Canyon Realty Funds $55.2M Senior Loan for Final Phase of Retail Center The Rim

Canyon Realty Funds $55.2M Senior Loan for Final Phase of Retail Center The Rim

The prosperous North San Antonio market keeps on flourishing, especially the Northwest Corridor. After the consistent investment deal lead by Hines Global REIT in the massive retail center, The Rim, the final phase of construction is about to commence. Canyon Capital Realty Advisors announced its involvement in the financing for…

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