CREW San Antonio Announces 2021 Board of Directors

2021 CREW San Antonio Board of Directors, Advisors, and Liaisons Left to Right (sitting): Yesenia Marili, Immediate Past President; Dawn Vernon, President; Laura Gilliland, President-Elect/UCREW Liaison Left to Right (standing): Jennifer Soto, Director of Special Events; Cindy Cohn, Strategic Advisor; Lisa Mochel, Director of Membership; Emily Brown, Director of Communications; Natasha Sattler, Secretary; Erin Salinas, Chapter Champion; Martha Hardy, Legal Liaison; Brianna Covington, Director of Sponsorship; Jennifer Mansour, Director of Programs; and Diane White, Treasurer.

(JANUARY 2021 – SAN ANTONIO) – Commercial Real Estate Women of San Antonio (CREW) today announces 11 women were appointed to the Board of Directors, which will be led by President Dawn Vernon in 2021. Vernon and other members of the 2021 Board officially took office in January of this year. CREW San Antonio’s mission is to pave the way, breaking barriers for women to enter and excel as leaders in the commercial real estate industry. We provide unsurpassed connections, innovative resources and
education to enhance the real estate community,” said Vernon.

2021 Board of Directors and Chapter Leaders:
• President: Dawn M. Vernon, Bain Medina Bain, Inc.
• President-Elect/UCREW Liaison: Laura Gilliland, UTSA School of Business, Embrey Real Estate
Finance & Development Program
• Immediate Past President: Yesenia Marili, Transwestern
• Secretary: Natasha Sattler, HCFD Realty Management Inc.
• Treasurer: Diane White, ATKG, LLP
• Director of Charity & Community Outreach: Kristin Savage, LK Design Group
• Director of Communications: Emily Brown, First National Bank Texas
• Director of Membership: Lisa Mochel, Lone Star Capital Bank
• Director of Programs: Jennifer Mansour, Broadway Bank
• Director of Special Events: Jennifer Soto, Marmon Mok, LLP
• Director of Sponsorship: Brianna Covington, Kimley-Horn
• Legal Liaison: Martha Hardy, Brundage Management Company
• Chapter Champion: Erin Salinas, KFW Engineers & Surveying
• Strategic Advisor: Cindy Cohn, Springboard Consulting

South Central Texas Post-COVID-19 Forecast

Office

Office in San Antonio “Ok” and not sliding too much; 15% vacancy citywide, with average rents $21.85 down from $22.50 this time last year; robust development market; tenants beginning to return to offices

Some landlords working with tenants on short-term renewals to build tenant goodwill, and to retain them.

The hybrid work from home and office model is here to stay, although the productivity metric for this formula is not fully known yet.

Company culture is “at the office” and it is especially important to for new hires to interact with peers and senior employees as they learn and absorb the company culture.

When pandemic recedes, we will be quick to return to old habits and dense environments, office and social; in 18-24 months we will be back to normal here

8% unemployment in S.A.

NAI Partners Arranges Industrial Sale for Alterra Property Group in San Antonio

NAI Partners recently arranged a 7,765-square-foot sale on 3.86 acres for Alterra Property Group at 6916 NE Loop 410 in San Antonio, Texas. NAI Partners’ Carlos Marquez represented the seller in the transaction. Alterra Property Group is an established real estate investment, development and management company based in Philadelphia with a focus on acquiring industrial outside storage properties.

Ken Paxton Sues After Austin Bans Late On-Site Dining for New Year’s Weekend Amid COVID-19 Surge

Texas Attorney General Ken Paxton said Wednesday that he has sued the City of Austin and Travis County, a declaration that came a day after local leaders declared new restrictions for when restaurants and bars can serve customers during New Year’s weekend. Paxton filed a petition for temporary injunction and a temporary restraining order in Travis County District Court targeting orders made by Austin Mayor Steve Adler and Travis County Judge Andy Brown. Citing an increase in COVID-19 cases, they announced that dine-in food and beverage service must be restricted indoors and outdoors from 10:30 p.m. to 6 a.m., starting Thursday and ending at 6 a.m. Sunday. The measure did allow drive-thru, curbside pick-up, take out, or delivery services. “Mayor Adler and Judge Brown do not have the authority to flout Gov. [Greg] Abbott’s executive orders by shutting down businesses in Travis County and our state’s capital city,” said Paxton in a statement. “The fact that these two local leaders released their orders at night and on the eve of a major holiday shows how much contempt they have for Texans and local businesses.” Click to read more at www.texastribune.org.

Children’s Hospitals, Tech Giants and More: The Top 5 Northwest Austin Development Stories of the Past Year

By Iain Oldman | 8:40 AM Dec 28, 2020 CST

While sections of the local economy closed down due to the coronavirus pandemic, residential and commercial development plowed along in Northwest Austin. Looking ahead, 2021 looks to be a transformative year for Northwest Austin with massive development projects, including the Austin FC soccer stadium and the upcoming Apple 2 campus, ready to open their doors. Here are the five most read development stories from 2020.

1. Abbott executive order deems residential construction as an “essential service” across the state
Gov. Greg Abbott on March 31 issued an executive order that implements essential services protocols across the state of Texas. Read the full story here.
2. Revised Apple campus site plan in Northwest Austin includes new 6-story hotel
A revised site plan submitted earlier this year by Apple Inc. includes a new six-story hotel at the technology giant’s upcoming Northwest Austin campus. Read the full story here.
3. Northwest Austin family building first brewery in Anderson Mill
When Derek and Haley Law began initial designs on their upcoming brewery, they went in knowing they wanted the space to be as welcoming to the community as possible. Read the full story here.
4. Why did Dell Children’s Medical Center choose Northwest Austin for its newest pediatric hospital?
Click to read more at www.communityimpact.com.

Buying Time: Austin’s Retail Market Can Wait Out the Pandemic

Think back in time five quarters or so. At the end of 2019, brick-and-mortar retail was feeling the pinch of e-commerce. Virtually everywhere in the country, landlords struggled as storefronts went dark. Virtually everywhere, that is, but not in Austin. “We were not experiencing pre-pandemic challenges in market demand within the Austin MSA,” said Kevin Murphy, vice president on NAI Partners’ retail services team in Austin. “The increased cost of property taxes was causing downward pressure on rates. Nonetheless, development and demand remained healthy.” The key component of this unexpected performance is population growth. Between 2010 and 2019, U.S. Census figures show that Austin grew by over 177,000 residents, moving up the country’s list of most populous cities from 14th to 11th. Where the people go, so to do physical retailers, even in the age of online shopping. That was 2019; then 2020, of course, altered the trajectory of this and every other asset class. With COVID-19 leaving patrons unable or unwilling to go out to restaurants, stores, bars, bowling alleys and every other type of retail establishment, the sector took a hit. But again, Austin’s retail market proved to be slightly more resilient to the effects of the pandemic. According to NAI Partners data, the metro’s year-to-date retail occupancy rate at the end of October 2020 hovered around 95.2 percent. That’s nearly on par with the year-to-date figures from the previous October, which stood at 95.7 percent. “Austin continues to experience strong population growth numbers,” Murphy said, “with absorption of existing retail and back-filling of struggling tenants being healthy and strong.” Click to read more at www.rednews.com.