Category: Central/South Texas

Affordable housing dominates Austin-San Antonio Growth Summit panel discussion

Posted on by ginger

The main event at Thursday’s Austin-San Antonio Growth Summit was a general panel discussion about housing along the booming I-35 corridor.

The panel, made up of five experts with different experiences related to housing economics and policy, discussed a range of topics including the likelihood of Austin or San Antonio building workforce housing near each urban center, the role of multifamily and tiny houses in filling such needs, and the impact of the labor shortage on residential builders and developers.

Click to read more at Austin Business Journal. 

Big-city office project to pop up near Amazon warehouse in San Marcos

Posted on by ginger

From the southern edge of Austin near I-35 and Onion Creek Parkway to the northern fringe of San Antonio, thousands of homes have been built in the past several years. It is, in fact, possibly the fastest-growing region in the country, but most of that has been due to residential construction — more affordable housing for people commuting to Austin and San Antonio.

Comparatively little has been built in the way of commercial development along that 50-mile stretch but that appears to be changing, thanks in large part to the decision by Amazon.com Inc. to build a big distribution hub, known as a fulfillment center, now operating in San Marcos.

Click to read more at Austin Business Journal.

Commercial real estate advisor and local CCIM board director Lucio J. Cantu joins Turcotte Real Estate Services

Posted on by ginger

(SAN ANTONIO), September 25, 2017 —Turcotte Real Estate Services, Inc., a San Antonio-based, independently-owned, commercial real estate services firm is proud to announce leading commercial real estate advisor Lucio J. Cantu, CCIM, has joined their team. 

Cantu has more than 13 years of commercial brokerage, leasing, and consultation experience. He’s been representing clients in the oil and gas, retail, industrial, office and investment industries throughout San Antonio and South Texas. Cantu served as president of the San Antonio/South Texas Certified Commercial Investment Member (CCIM) chapter in 2016, and this year was appointed to sit on the CCIM board of directors. 

“Lucio’s office and investment experience are a great addition to our growing firm,” says John Greg Turcotte, CCIM, founder and owner of Turcotte Real Estate Services. “His attention to detail, and straight forward approach serve his clients well.”

 Prior to joining Turcotte Real Estate Services, Lucio was with RE/MAX Commercial and Elaine Ludwig Real Estate Company. His past clients include: Plains All American Pipeline, LP, Garver Real Estate Investments, Nabors Industries, Sisters of the Society of St. Teresa of Jesus, Orange Leaf, El Chaparral Restaurant, VIA Metropolitan Transit, Guild Mortgage, Tiger Sanitation, State Farm, and Cape Environmental Management. 

About Turcotte Real Estate Services: Turcotte Real Estate Services has more than 75 years of experience in the commercial real estate industry, specializing in industrial and land. The firm has represented buyers, sellers, and tenants on hundreds of transactions. Turcotte Real Estate Services has been featured in various publications such as Bloomberg Business, Texas Real Estate News, the San Antonio Business Journal and the San Antonio Express-News.

 

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How an unaffiliated broker sealed a big South Austin hotel deal that includes upscale La Quinta concept

Posted on by ginger

Jay Weir, unaffiliated with any big brand brokerage, has steadily handled significant hotel transactions in Austin for many years and he has another under his belt: the sale of a 3-acre parcel on the I-35 northbound frontage road in South Austin.

Austin South Hotels LLC, a Dallas company, purchased the land on the north side of Teri Road for $3.25 million from Dr. Frank M. Covert III — a member of the notable Covert family of Austin, which has been involved in numerous business enterprises since 1909 including car sales.

Click to read more at Austin Business Journal.

Why a $2 billion Austin eco-friendly development with 7,500 homes was years in the making

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It’s been nearly 10 years since the Austin City Council approved it, but finally Whisper Valley — a 2,062-acre master-planned community — is more than a whisper.

The first homes are under construction and eventually the property near State Highway 130 and FM 973, a few miles south of downtown Manor, will comprise 7,500 single-family homes, along with apartments, stores, restaurants and other commercial spaces.

Click to read more at Austin Business Journal.

New urban multifamily project rises in rural setting in East Austin

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The Guthrie, a new multifamily project, is rising from the former site of Guthrie Lumber & Distribution near Gonzales and Tillery streets in a formerly rural area east of downtown Austin.

Argyle Residential, an affiliate of Austin-based Cypress Real Estate Advisors, has already broken ground on the 322-unit project, which will include a live-work element on a small parcel across the street from the larger development.

Click to read more at Austin Business Journal.