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San Antonio RE News

Commercial Real Estate Industry News Headlines | Bizjournals.com

Commercial Real Estate news
  • In a corner of the Westchase District just off Beltway 8, a 1.1 million-square-foot campus spanning the space of four-and-a-half football fields looms quietly over the highway. The Phillips 66 (NYSE: PSX) campus, which has been underway since 2012, will welcome roughly 2,200 employees throughout July; by August, it'll be a bustling powerhouse containing one of the country's strongest energy companies. Phillips 66, the highest-ranking Houston-based Fortune 500 company, unveiled its new campus to…

  • Bayer Properties is working to purchase a 125-acre site across U.S. 280 from The Summit with eyes on a major development project. The Birmingham-based real estate firm, which developed and manages the transformative Summit project, has the massive site under contract. Financial terms of the deal were not disclosed. Specific plans for the site have not been finalized, according to Bayer officials. “We will be working with local officials and doing the necessary due diligence prior to formalizing…

  • A reported last-minute effort by two sporting-goods companies to take over a large number of Sports Authority’s stores apparently didn’t get anywhere. Earlier this week, the Wall Street Journal reported that Sports Direct International plc (LON: SPD), the largest sporting-goods retailer in the United Kingdom, and privately held East Coast sporting-gear chain Modell’s Inc. were in talks about a potential joint bid for many of the failing Englewood-based chain’s store leases. The goal of…

  • The Centerra Townhomes project has been proposed in Miami-Dade County’s Perrine neighborhood. The county received the application for the 104-unit project at 18000 S.W. 107th Ave. on June 6. Centerra Associations, a joint venture between Hollywood-based firms Cornerstone Group Development and M3 Developer Group, have the vacant property under contract. The 11.25-acre site was seized in foreclosure in 2013. The current owner is Floridavest Ventures, owned by Alina D. Garcia and Frank Santana. Centerra…

  • Extra Space Storage wants Plantation to approve a new self-storage complex. The city council will vote on plans for the 101,346-square-foot project on June 29. It would be located on the 2.25-acre site at 7795 West Sunrise Blvd. ESS of Plantation, a subsidiary of Bedford, Texas-based Extra Space Storage (NYSE: EXR), acquired the site for $1.95 million in 2008. The four-story building would have 73,575 of net rentable square feet. The project would have 40 parking spaces. Extra Space Storage also…