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San Antonio Business Journal
Spurs TV broadcasts to see big change
Longtime television voice of the San Antonio Spurs Bill Land is stepping away from the microphone after more than two decades as the lead play-by-play announcer for the NBA franchise.<\p> Land’s retirement comes weeks out from the start of the 2024-2025 season and follows his 2023 diagnosis of multiple myeloma, a rare blood cancer.<\p>
New corporate HQ push could catapult SA economy
After securing a series of major industrial project wins over the last few years, San Antonio economic development leaders are pursuing a new strategy that could significantly reshape the city’s labor market and financial future.<\p> That pivot is centered on the recruitment of regional, national and international headquarters operations and other administrative opportunities that could bring more high-wage jobs and heightened economic activity to the Alamo City.<\p>
Why the nation's child-care crisis largely comes down to real estate
More than half of Americans live in a child-care desert.<\p> That sobering statistic from public policy research and advocacy organization Center for American Progress underscores how tough it's become to access child care across America. <\p>
Plans for 900-unit apartment project in Tobin Hill move forward
A plan to prop up nearly a thousand apartments in the Tobin Hill neighborhood is taking a key step forward.<\p> The city of San Antonio's Zoning Commission approved a change to one of four sites being prepped by Houston-based Rockspring for a multifamily project that is estimated to deliver about 900 units. Sitting along the West Josephine Street thoroughfare on the edge of the St. Mary's Strip, the project would contribute to the increasing density that stretches to the Pearl district. <\p>
Local realtors develop homebuying app for post-NAR settlement world
A pair of San Antonio real estate agents is developing new technology to facilitate transactions in the real estate market after a seismic disruption to the status quo. <\p> Last week, new regulations implemented by the National Association of Realtors took effect as part of a $418 million lawsuit settlement. Those new regulations prohibit real estate agents from advertising commissions on regional multiple listing services databases that are only accessible to real estate professionals and require buyers to sign an agreement with an agent before being shown a home. <\p>
Data Dive: Real estate and construction law firms
The San Antonio Business Journal's Real Estate and Construction Law Firms Lists highlight lawyers and establishments practicing these types of law in the local area. <\p> The 19 firms that participated in the San Antonio Business Journal's 2024 Real Estate Law Firms List reported 111 real estate lawyers. The firms also reported a total of 84 partners that practice real estate law and a total of 1,362 current real estate-related cases. The firms on the 2023 list reported over 1,600 cases, marking a slight decrease year over year. <\p>
Why doesn't Texas see more townhomes?
Despite being one of the hottest homebuilding markets in the country, townhome development in San Antonio is lagging. <\p> To some extent, the city has championed alternative housing products providing solutions for those who may not be able to afford a traditional detached home, or simply prefer a different style of living. Homebuilding giant Lennar (NYSE: LEN) piloted tiny footprint homes on the East Side and was extremely successful moving that product as it came online. Even prefabricated housing projects can be seen across the city's various submarkets. <\p>
UFL to cut SA Brahmas 2025 Alamodome schedule
The United Football League’s defending XFL Division champion San Antonio Brahmas will play fewer home games in the Alamodome in 2025.<\p> Multiple factors have caused the league to move one of the team’s five home games to St. Louis. As a result, the Brahmas will play a key divisional foe twice on the road.<\p>
Leticia Van de Putte reflects on journey to political trailblazer
In a recent episode of Texas Business Minds, Leticia Van de Putte, recipient of the 2024 Women’s Leadership Lifetime Achievement Award, reflected on her more than 25 years in Texas politics and her journey of passion, perseverance and community service.<\p> Reflecting on her roots, Van de Putte shared that her love for pharmacy — her first career — was inspired by her grandfather, who owned a downtown San Antonio pharmacy. <\p>
Boerne World Series coaches wear many hats
The Little League World Series often offers a refreshing break from the professional game.<\p> There are no outrageous salaries or contract disputes, nor any of the other drama that has tarnished the major leagues.<\p>
Burger Boy heads to Windcrest
Burger Boy's latest UTSA location opens today, but a 10th location is coming to Windcrest in 2025. <\p> The new Windcrest location at 7560 Interstate 35 North is expected to start construction in October, according to a filing with the Texas Department of Licensing and Regulation. <\p>
AI is already fueling layoffs, but there is one silver lining
Employee concerns about the impact of artificial intelligence on their career prospects have ramped up as generative AI tools like ChatGPT have taken center stage.<\p> They have good reason to be concerned, according to a new survey of 984 business leaders by ResumeTemplates, which found 3 in 10 companies said they have replaced workers with AI this year. Additionally, 38% of companies that said they will use AI in 2025 will replace workers with the technology next year. <\p>
Over 50 drilling permit applications filed last week
The South Texas Drilling Permit Roundup is a weekly review of new drilling permit applications filed with the Railroad Commission of Texas over a 67-county area of South Texas. <\p> Companies filed 51 drilling permit applications last week for new wells in the 67-county region of South Texas. <\p>
Baseball-themed venue set for SA
Home Run Dugout, a Texas-based entertainment company blending baseball, dining and gaming, plans to develop a new venue in San Antonio.<\p> That confirmation comes roughly 16 months after the company, whose investor lineup has included Hall of Famer Nolan Ryan, said it was scouting the Alamo City for potential expansion.<\p>
USAA CEO announces retirement
USAA CEO Wayne Peacock is stepping down as CEO in 2025, according to an internal announcement Monday morning. <\p> Peacock has led the San Antonio-based organization since 2019, taking the helm from former president and CEO Stuart Parker after his retirement. Peacock was the first CEO who wasn't a U.S. military veteran to lead the company and was with the organization for 36 years. <\p>
SA brokerage, former president in legal fight over missing money
A San Antonio commercial real estate brokerage has sued its former president, alleging he stole hundreds of thousands of dollars, mismanaged company funds and directed an accountant to cover it all up.<\p> In a lawsuit filed in Bexar County District Court this spring, DH Realty Partners Inc., under management entity Sage Seis Partners, is accusing John Cannon of civil theft, conspiracy to commit theft, fraud, conspiracy to commit fraud, negligence and breach of fiduciary duty during his tenure from 2016 to February of this year. The company is also accusing former accountant Naomi Faz of covering up unauthorized transactions at Cannon's direction.<\p>
Morgan’s Wonderland founder plans unique hotel
Entrepreneur and philanthropist Gordon Hartman is expanding the Morgan’s brand and its focus on accessibility and inclusiveness with plans to develop Morgan’s Hotel. <\p> Branded an "Ultra-Accommodating" project, the hotel will be constructed near the Morgan’s Wonderland theme park in northeast San Antonio.<\p>
Research group outlines policy reforms to unlock housing affordability
Housing affordability is becoming a bigger issue for U.S. voters, spurring policymakers — especially at the state and local levels — to consider new measures aimed at easing the burden facing both renters and prospective homeowners.<\p> While every city, county or region thinks about housing affordability (and potential solutions) differently, several common policy changes are being pursued, especially to ease restrictions around building new housing. New research from the Mercatus Center at George Mason University in Arlington, Virginia, outlines some of the biggest reforms being adopted across the U.S. today and offers a menu of potential options for policymakers to consider.<\p>
Residents group derails proposed Lennar development
An environmental regulator has placed yet another hurdle in front of San Antonio's largest homebuilder that it must cross before completing a huge project on the northwest side. <\p> Miami-based builder Lennar (NYSE: LEN), which is attempting to build a 2,900-unit subdivision near Helotes, must seek additional approval regarding a wastewater treatment facility it needs to service those homes. The decision was handed down on Wednesday during a meeting of the Texas Commission on Environmental Quality. <\p>
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