Search Site


San Antonio RE News

Commercial Real Estate Industry News Headlines | Bizjournals.com

Commercial Real Estate news
  • Mansions are selling like hot cakes these days, data released Thursday suggests. In the second fiscal quarter of the year, California’s million-dollar housing sales hit their highest level in seven years, according to Irvine-based CoreLogic DataQuick. “It’s always fascinating to watch this part of the real estate market,” CoreLogic analyst Andrew LePage told the Los Angeles Times. “It behaves differently, responds to its own set of criteria. These buyers, especially those in the multimillion-dollar…

  • The Wolff Co., an active developer of apartment projects in the Puget Sound region, has acquired a controlling interest in a major downtown Bellevue project, with construction scheduled to start soon. Wolff paid nearly $14.1 million to buy the interest in the Vander Hoek Corp.'s Main Street Gateway apartment/commercial project at the northwest corner of Main Street and Bellevue Way. King County recorded the transaction on Friday. Bellevue-based Vander Hoek has been planning the nearly two-acre project…

  • Less than a year after breaking ground on a Hyatt Regency in the Galleria Place property, developers are planning a sister hotel next door. The Houston Chronicle reports that developers Atlanta-based Songy HighRoads LLC and Washington, D.C.-based The Carlyle Group (Nasdaq: CG) are planning a 157-room Hyatt Regency on the property, as well. They broke ground on the 325-room Hyatt Regency in December after buying the 7.6-acre site at Sage and West Alabama in March 2013. The property is across Sage…

  • General Motors Financial Co. announced Friday that it bought a 240,000-square-foot building in Arlington to expand its operations center campus. The building will accommodate 800 to 900 employees, with most of them new hires in the next two to three years, the company said. The building is on 22 acres of land near Collins Street and Interstate 20. "The purchase of this building demonstrates the continued growth and expansion that GM Financial has experienced during the past three years," said CEO…

  • Destination Hotels & Resorts Inc. has added a new property to its roster — the Scottsdale Resort and Conference Center. The Colorado-based hotel management company announced Friday that it has acquired the contract to operate the 326-room Scottsdale resort. It features a spa, is surrounded by two golf courses and offers more than 80,000 square feet of meeting space. It is the third Phoenix-area property among the more than 40 hotels and resorts in the Destination portfolio, joining the Tempe…