Stream Pumps Up Westover Hills Office Development
November 25, 2014

Stream Pumps Up
Westover Hills Office Development

Cadence McShane Construction is a highly experienced provider of general construction, construction management and design/build construction services for the commercial, industrial, food processing, multifamily and educational markets throughout the State of Texas and on a national basis. Click here.

Forget upstarts like Downtown and the I-10 Corridor--Westover Hills is showing it's still the hottest submarket in town with two new projects from Stream Realty. It opened a new 75k SF spec data center last week and is breaking ground on a new 100k SF office project in the submarket. 

The Class-A office space market in San Antonio continues to tighten, with vacancy rates approaching single digits, Stream managing director Carolyn Hinchey Shaw tells us. The One51 Office Centre, 10162 Hwy 151 in San Antonio between Military Drive West and Potranco Road, will add Class-A office space to the master-planned area, which is already home to Fortune 500 companies including Nationwide, Wells Fargo, The Hartford, Kohl's, Frost Bank and JP Morgan Chase. The 100k SF project will deliver in July 2015.

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San Antonio continues to shine as one of the best locations in the country for data centers, Stream Data Centers partner and managing director Anthony Bolner tells us. Stream's newest (which opened on Wednesday) is a 75k SF spec Tier III design certified private data center development at 9550 Westover Hills Blvd. With its San Antonio location, it's far removed from both tornado and hurricane risks and it has a large percentage of nuclear power generation, which keep energy costs low and consistent, he tells us. “That's why we've seen an amazing influx of national corporations, including Microsoft, Lowe's and even the federal government moving their data center operations to San Antonio,” Anthony tells us.

Anthony says the new San Antonio Private Data Center can scale to 7,200 KW of 2N critical load with 30k SF of raised floor. The center is being marketed to large to midsize companies that understand the benefits of the outsourced data center model, he tells us. It also includes dual-feed power from two substations and is available for occupancy immediately. This Thanksgiving, Anthony plans to hunt mule deer in Palo Duro Canyon near Amarillo.

  
  
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What Are You Thankful For This Year?

As Thanksgiving approaches, we asked our loyal readers what they are thankful for this holiday season. Stream Realty Partners managing director (in San Antonio) Ryan Harrison (here, with his children Ainsley, Colby, Aiden and Bella, and his father-in-law Chuck Gaston) tells us he's thankful for his little fishing buddies and their awesome mom. As far as work goes, he's glad that the strength of the local market has returned and the environment is appropriate for Stream to build two new office buildings in San Antonio.

The Weitzman Group SVP Bryan Parman (with his girlfriend, Mandy Pruitt, at a wedding in Carmel, CA) tells us he's thankful that the overall health of the economy has improved, keeping him as busy as he can be. “I feel blessed to live in the great state of Texas,” he says. Personally, he's thankful for his health. ”Sometimes we take it for granted, but without it we would not be able to do everything that we enjoy,” he tells us.

Stream Realty Partners VP Edvin Beasley is thankful his wife, Angie (pictured) tolerates his craziness, he tells us. He's also thankful to be working in the Austin commercial real estate market. Not just because of the outstanding existing market conditions, but also because of the people he gets to work with in the industry, he tells us.

Here's St. Croix Capital Realty Advisors VP Rose Cabezut with four of her five children in front of the original face of the Statue of Liberty in NYC. She tells us her children are her greatest joy and she's thankful to have been blessed with five of them. This will be the first Thanksgiving in several years that they will all get to be together, and she is really looking forward to cooking a traditional Thanksgiving dinner for everyone. Having joined St. Croix Capital Realty Advisors last year, she's thankful to be part of such an energetic and collaborative team and look forward to the future growth of the company. 

Bisnow's thankful, too. Here's Catie Dixon (in red), one of the two beat writers for Austin/San Antonio, on Thanksgiving in Buda last year with her family and their creative (OK, we'll say it, ugly) Christmas sweaters. Catie's sweater, made by her stepdaughter, Kayla, included feathers and blinking lights. This year, she's heading to Houston to celebrate with her in-laws. She's thankful that you share your stories and help us stay (almost) never boring.

  
  
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Five Potential Uses for Amazon's New Space in NY

Amazon's 470k SF lease at 7 West 34th Street in Manhattan is official. The company hasn't revealed how it will use the space, but we came up with five ideas.

5) Business productivity experts agree laughter at work can improve employee morale, so Amazon will put a Barnes & Noble in the space, then watch it go out of business. (Maniacal laughter counts.)

Head to our website to read the rest.

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Don't Miss Bisnow's Look at Downtown Austin's
‘Next Big Thing' Event

Austin is full of big projects, but we pulled out some of the biggest stories right now from the Fairmont Austin development, the 5th & West condos (pictured), and creative offices' impact to bring you the Downtown Austin Next Big Thing event on Dec 17 (8 a.m. start) at Hyatt Regency Austin. We are excited to bring you the dealmakers you want to hear discuss the latest and greatest projects. Come hear Manchester Financial Group president Doug Manchester, Avison Young managing director Mike Kennedy, Parkway Properties managing director Mike Fransen, and Riverside Resources partners John Needham, among others. Get your ticket here

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Real Estate Jargon Explained

The commercial real estate business contains cool shorthand to make us sound smart, savvy and “inside.” However, we'll bet that there are many critical terms you still may not know, or want to know more about (but are afraid to ask). Bisnow Education's latest video gives you the glossary, and a clear explanation of each buzzword/term that will make you sound awesome at your next meeting. From LTV to NOI and all the alphabet soup in between, Peter Linneman, Wharton's Real Estate program founder and chairman, shares his extensive experience in easy-to-understand segments, term by term. This video is available to you for just $99, or purchase the entire Bisnow Education library for only $449. Watch a sample here, and order yours for personal enrichment or staff training. For group licenses, contact Will Friend at will@bisnow.com. Don't nod and pretend to understand when you really don't – get this video today.

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Happy Thanksgiving -
We're Taking a Break

We feel this picture really sums up Thanksgiving. It's about family, yet there are dark, ominous overtones (depending on if Uncle Marty is allowed to man the oven). We're going to use the holiday to rest and regroup, and we'll be back next week. Plus, we also have a new website, and we want to give it a chance to visit its family as well. (Good luck with the Thanksgiving traffic jams on the Information Superhighway.) We can't thank you enough for giving us a few minutes of your time each day. 

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Tell Us

Happy Thanksgiving! Send your news and holiday photos to catie@bisnow.com and tonie@bisnow.com