Property Types Office
Oaks Development Group Closes on Second San Antonio Project
June 27, 2008

North Carolina-based Oaks Development Group closed on 7.9 acres in Westover Hills, San Antonio, Tex. The site, located on the south east corner of 151 and Westover Hills Boulevard, will be home to a 95,000-square-foot class A medical office building. The land is part of a mixed-use development by Great American Co. that will include a Staybridge hotel, planned restaurant and retail. This is Oaks' second San Antonio project and is expected to open early to mid 2009. Committed tenant owners already include Alamo Medical Group and Urology San Antonio, with a planned magnetic resonance imaging facility on the first floor. Oaks' first San Antonio project in the Medical Center will include an ambulatory surgical center, the developer also said today. That facility is a planned 105,000-square-foot, class A medical office building located at the corner of Floyd Curl and Hamilton Wolfe.

 
Recent Office Headlines
AIG 70 pine st smal AIG Headquarters Sale Makes Splash in Quiet Manhattan Investment Market
June 10, 2009
With rumors circulating of a sale price around $100 per square foot, the sale of the 66-story American International Group headquarters in Lower Manhattan likely set the bar for the biggest sale in the area market thus far in 2009.
Despite Office Market Slump, 1M-SF Connecticut Office Campus Trades in $72M Deal
June 09, 2009
It's an office trade of such a size that has not been seen in Connecticut, no less challenged by job losses and economic malaise than most other markets, in quite a while. Matrix Connecticut L.L.C. has just taken over ownership of the 1 million-square-foot Danbury Corporate Center in Danbury, Conn., from GERA Danbury L.L.C. in a $72.4 million merger transaction. The deal is a coup for Connecticut, as well as its neighbors, as it marks the largest multi-tenant office transaction in the suburban New York Tri-State area so far this year.
Tokyo is Priciest Market as Climate Favors Office Tenants Worldwide: CBRE
June 08, 2009
Tenants have the edge in most of the world’s major office markets, concludes an analysis by CB Richard Ellis Inc. Class A rents are sliding dramatically and vacancy is ticking upwards in nearly every region, according to the study published last week.
 
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