• Local developer Bitterblue bought nearly 100 acres of vacant land across Wurzbach Parkway from Morgan’s Wonderland and Toyota Field. A partnership led by San Antonio developer Bitterblue is making moves on nearly 100 acres of land it bought two years ago near Morgan’s Wonderland and Toyota Field on the city’s Northeast Side. On ExpressNews.com: Homebuilders in San Antonio were busy in 2018, just not constructing affordable homes The partnership, in which Bitterblue is the only general partner, bought 97 acres that span Wurzbach Parkway and Interstate 35 on both sides of Thousand Oaks Drive in 2017. Bitterblue — co-owned by Gene Powell, former chairman of the University of Texas System — plans to build multifamily housing along with some commercial and retail space on the land, spokeswoman Trish DeBerry said Tuesday. She did not say how many residential units or how much commercial space the development will have. On Tuesday, the city Zoning Commission unanimously approved a zoning change to 25 of the 97 acres that the partnership owns to allow for entertainment, sports and tourism purposes. On ExpressNews.com: 260-plus San Antonio affordable housing units in the pipeline under revamped incentive program The property sits on part of the defunct Longhorn Quarry, across Wurzbach Parkway from where Gordon Hartman built Toyota Field soccer field and Morgan’s Wonderland, an amusement park for children with disabilities. The land is also near the Upton at Longhorn Quarry apartment complex developed by Cleveland firm NRP Group. Joshua Fechter is a San Antonio-based staff writer covering retail and tourism. Read him on our free site, mySA.com, and on our subscriber site, ExpressNews.com. | jfechter@express-news.net | Twitter: @JFReports Source Article
  • 2019 is The Year of Theatre in San Antonio! The several theatres in the city are offering incredible seasons with a variety of plays and musicals you just can’t miss! Make 2019 your year to see as many shows as you can, I know I am! In order of opening dates, here are the 9 shows I am looking forward to seeing the most this year: 1. By Our Hands Overtime Theater Jan 11-Feb 2 (Now playing!) Home "Sometime in the future after a nuclear war destroys the world, factions of people attempt to rebuild civilization despite the fallout. After the Central Government regrouped they initiated a protocol to take all firearms away from the various settlements. They were told the guns would be melted down and used to rebuild infrastructure but the Government had more malevolent intentions. Helen McKann and her ragtag militia are on a mission to find a legendary cache of guns that weren’t destroyed and use them to arm the people and reclaim their freedom." I am hooked by this show’s intriguing premise. I can’t wait to travel to this post-apocalyptic world and see for myself what happens! 2. Leading Ladies Sheldon Vexler Theatre February 9-March 3 http://www.vexler.org/ "Two English Shakespearean actors, Jack and Leo, find themselves so down on their luck that they are performing ‘Scenes from Shakespeare’ on the Moose Lodge circuit in Pennsylvania. When they hear that an old lady in York, PA is about to die and leave her fortune to her two long lost English nephews, they resolve to pass themselves off as her beloved relatives and get the cash. The trouble is, when they get to York, they find out that the relatives aren’t nephews, but nieces! Fear not- they have women’s costumes in their show trunk. What could possibly...
  • Share San Antonio—An Ohio investment firm that recently announced it would acquire an investment management arm of San Antonio-based USAA is now planning to move its headquarters to the Alamo City. Victory Capital Management (NASDAQ: VCTR) said Thursday it plans to open its San Antonio headquarters in mid-2019. The company is currently located in Brooklyn, OH, which is outside of Cleveland. It has other offices around the country that won’t be affected. As a part of the relocation, Victory may receive some incentives from the city of San Antonio and the government that manages the surrounding Bexar County. The San Antonio City Council is voting in a week on whether to offer Victory $500,000 for bringing around 350 new jobs to the city, including some of its top executives. David Brown, Victory’s chairman and CEO, is among them, according to the investment firm. Bexar County officials plan to discuss giving Victory another $250,000 at a Jan. 15 meeting. Victory announced in November that it was buying USAA Asset Management for $850 million (plus potential future milestone-based payments). USAA was founded in 1922 by Army veterans who wanted to self-insure each other, but has since grown to offer military members and their families a range of financial services, from banking to investment. USAA Asset Management provides a range of institutional investing options, such as mutual fund and fixed income (typically debt securities like bonds and loans) investments. Victory Capital broadly invests in similar asset classes for its clients, such as exchange traded funds, large and small publicly traded companies, and fixed income. Economic development officials and business leaders in San Antonio have long been discussing the need for greater access to capital in the city, in particular for young startups in the tech and life sciences industries. Victory wouldn’t necessarily be...
  • The third of three buildings in Worth’s master-planned business community is to be completed in third quarter 2019. SAN ANTONIO, TX—Increasingly, the University of Texas at San Antonio is attracting more top companies and development northwest of San Antonio’s city center. For example, local commercial real estate developer Worth & Associates leased a total of 82,000 square feet of office space in Farinon Business Park II to Ernst & Young LLP, which occupies a portion of the first floor and the entire second floor of the building in the highly desirable Northwest submarket of San Antonio. Want to continue reading?Become a Free ALM Digital Reader. Once you are an ALM digital member, you’ll receive: Unlimited access to GlobeSt and other free ALM publications Access to 15 years of GlobeSt archives Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications 5 free articles across the ALM subscription network every 30 days Exclusive discounts on ALM events and publications Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject. Source Article
  • SAN ANTONIO, Texas — Iowa State coach Matt Campbell and Washington State coach Mike Leach visited San Antonio Thursday ahead of the Alamo Bowl. Coaches met with media Thursday Alamo Bowl donates more than $1M in scholarships Game is December 26 at Alamo Dome “The excitement around our student athletes and our university were second to none,” said Campbell. The game brings millions of dollars to San Antonio. The bowl also donates more than a million dollars in scholarships to local high school and college students. “Well it’s a lot of fun. You look at the resume on paper and certainly it is very impressive, and then you have a chance to meet them in person, see their families,” said Derrick Fox, president of the San Antonio Bowl Association. “And what really makes it unique is we have the luncheon but to get to go to the game and they have a chance to be acknowledged on the field which makes it fun for them.” “Well I got four older children. You got to be a little bit like Coach Campbell’s defense, you got to keep preserving you know,” said Leach. The two top 25 teams face off at the Alamo Dome on December 26. Source Article
  • San Antonio added 24,208 people between July 2016 and July 2017, according to U.S. Census Bureau data. San Antonio, Texas, tops the list with the largest population gain with an increase of over 24,200 people, an average of 66 people per day between 2016 and 2017. Photo: Pixabay Eight of the 15 cities or towns with the largest population gains were located in the South in 2017, with three of the top five in Texas, according to new population estimates released today by the U.S. Census Bureau. “San Antonio, Texas, tops the list with the largest population gain with an increase of over 24,200 people, an average of 66 people per day between 2016 and 2017,” said Amel Toukabri, a demographer in the Population Division of the Census Bureau. “That’s a growth rate of 1.6%. This growth was enough to push San Antonio’s population above the 1.5 million mark.” Some of the other cities with the largest population gains were Phoenix, Ariz. (24,000); Dallas, Texas (18,900); Fort Worth, Texas (18,700); Los Angeles, Calif. (18,600); Seattle, Washington (17,500); and Charlotte, N.C. (15,600). Regarding percentage change in population, 10 of the 15 fastest-growing large cities were located in the South, with seven in Texas. Between 2016 and 2017, Frisco, Texas (near Dallas), was the fastest-growing large city (population of 50,000 or more) at 8.2%, making its growth rate more than 11 times faster than the nation’s growth rate of 0.7%. Fort Worth, Texas, surpassed Indianapolis, Ind., becoming the 15th largest city in the United States with a population of 874,168. Indianapolis has a population of 863,002. The 14 largest U.S.cities have not changed since 2016. While the main focus of this release has been on the 3.9% of cities with populations of 50,000 or more, the United States is a nation of...
  • Nissei Plastic Industrial Co. LTD debuted its new San Antonio plant during a Monday afternoon event. The Japanese plastic injected molding machine maker welcomed customers, suppliers, public officials and other guests at the South Side plant for tours and an open house. The company’s Los Angeles-based subsidiary Nissei America Inc. invested $21 million to build a 115,000-square-foot plant off Lyster Road at Brooks. Operating under the name Nissei Plastic Machinery America Inc., the San Antonio facility will be used to make medium to large-scale hybrid plastic injection molding machines for a variety of manufacturers. Now marking his ninth trip to the Alamo City, Nissei Plastic Industrial Chief Operating Officer and General Manager Sumio Tanaka told the Business Journal that the plant represents an important step for the company’s plans to increase its presence in the Americas. "San Antonio is the center of the United States," Tanaka said. "It’s not only the center of the United States — it’s North America and South America. We can send our machines anywhere in the American continent." In a process that takes eight days to one month, the company’s San Antonio plant is able to make up to five plastic injected molding machines at a time. The plant currently has nine employees. That number is expected to grow to 20 by the end of the year and up to 60 employees in three years. The new plant includes offices, a learning center, a showroom for customers and a service center. Brooks President and CEO Leo Gomez was part of the original September 2014 trade mission that brought the plant to San Antonio. The event, he said, fulfills the company’s plans to meet demand in a growing sector in the manufacturing industry. "It’s a real source of pride for the leadership of Nissei plastics," Gomez...
  • bankrx/iStock Once you find your dream house and your purchase offer is accepted, you need to get through one more step before you move in: mortgage closing. The time it takes to close on a home will vary from one person to the next. When everything goes right, loan closings can be completed in as little as 21 to 28 days, says Atlanta-based real estate agent Bruce Ailion. Currently, Ellie Mae reports that the average closing time for home loans is 44 days. “Factors like the type of home loan or last-minute changes and requests will affect the amount of time it takes before a house becomes yours. But typically, a lender can close on a mortgage in about a month,” states Andrina Valdes, the division president at Cornerstone Home Lending, Inc. in San Antonio, TX. However, not everything always goes according to plan. Issues can arise that can keep you from settling into your new place for weeks and sometimes months longer than you expected. Here are some of the most common snafus that can delay the mortgage closing process. 1. Expensive purchases for your new home A word of advice: Don’t make any pricey purchases with your credit card before closing on your house. "This could actually put buyers out of qualifying for their new home,” says Texas real estate agent Jeff Peterson. After an offer on a house is accepted, some people may be tempted to buy a new sofa, dining set, or another expensive piece of furniture. But real estate experts warn that this could be disastrous. Right before closing, the mortgage lender will pull the buyer’s credit to make sure nothing has changed. A big purchase will show up, which could become an issue, because it means that the buyer is taking on more debt....
  • Roughnecks and hunters have been replaced by herds of antelopes, Cape buffalo and wildebeest at a ranch just south of the Eagle Ford Shale town of Kenedy. That’s where San Antonio-based Wildlife Partners LLC transformed an oil field worker housing site and hunting ranch off FM 743 into the company’s second exotic game breeding facility. Wildlife Partners bought the 1,750-acre ranch in a $6.5 million deal in November 2016 and has since made more than $1 million in improvements to the property and transformed a former oil field man camp there into a lodge and visitors center. Click the slideshow to tour the Wildlife Partners facility in Kenedy. "Seeing a ranch go from being a venue for strictly hunting into a property used for wildlife conservation — one where some species could be returned to their native ranges — is very rewarding," Wildlife Partners co-founder and Chairman Brian Gilroy told the Business Journal. Wildlife Partners raises money from private investors to buy, breed, house and sell exotic animals. Investors own individual animals, which are housed and bred on company property. Offspring are sold with a pre-determined percentage of the profits going to the investor. The original Wildlife Partners ranch near the Hill Country town of Mountain Home houses 750 animals, while the new South Texas ranch is home to 1,500 and has room to hold many more, Gilroy said. "We have a $500,000 feed bill between the two ranches, but the new one has more grass and browse vegetation," Gilroy said. "The feed bill is lower here. There is much more natural foliage. The animals love it." Over the two past years, the company reported selling more than 5,000 animals, and it is projected to have have more than $10 million in sales this year. Gilroy said the company has...
  • The SaaS Sales Method creators launch sixth global office through the acquisition of Executive Answers MENLO PARK, Calif.–(BUSINESS WIRE) Winning By Design has entered into a definitive agreement to acquire Austin, Texas-based Executive Answers to support continued growth. As part of this acquisition Executive Answers founder and CEO Ryan Cahill will be joining Winning By Design as a Partner and lead the Austin, Texas office. “We are thrilled to welcome Ryan to our team and launch our Austin office. His passion for SaaS sales and revenue strategy will be a great asset to our clients.” said Jacco van Der Kooij, founder of Winning By Design. “I am honored to be joining the Winning By Design team who I believe to be the top firm in the SaaS sales world. Sales is becoming a science and requires a new methodology. That method for me is the SaaS Sales Method and the team is Winning by Design,” said Cahill. The SaaS Sales Method is a science-based approach to building out revenue teams that spans Sales Development Representatives, Account Executives, and Customer Success Managers. With it, Winning By Design is able to impact revenue and implement company-wide change in process, behavior, technology, and strategy. With this acquisition, Winning By Design continues its rapid growth in the area of SaaS sales strategy and organizational transformation. As most sectors of the economy begin adopting the systems-based go-to-market approach of SaaS sales, Winning By Design is positioning itself as the premier option for forward-looking sales organizations. “Winning By Design has over 150 SaaS sales clients and is rapidly growing, which has been the driver for this deal. We are also thrilled to make an investment in the Austin market,” said Dominique Levin, Managing Partner of Winning by Design. About Winning By Design Winning by Design is...