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News & Insights

Rockspring News

Posted by: In: Newsletter, Rockspring News 23 Aug 2016 0 comments

In April, we partially exited a land parcel in Northwest San Antonio to CST Brands Inc, which plans to build a Corner Store on the tract.

Some of the highlights include:

  • Total 10.58 acres acquired in May 2015 for $1,300,000.
  • Partial exit of 4.71 acres was sold in April 2016 for $1,400,000.  Yes, less than 1/2 of the property sold for more than the total acquisition price in less than one year.
  • Approximately $840,000 of sale proceeds were set aside in an escrow to make infrastructure improvements on remaining 2 pad sites, which will further increase value/prepare sites for sale.

Read more…

Posted by: In: Newsletter, Rockspring News 23 Aug 2016 0 comments

As a native Texan, I thought it was time to join the conversation on the “reported” energy crash and its impact on Houston and Texas, so I authored a follow-up article to my Forbes piece last year. With many headlines suggesting gloom and doom, the “Texas Model” continued to propel our state with positive job growth, best-in nation housing numbers and a deeper roster of blue-chip companies. Read more…

Posted by: In: Rockspring News 24 Jun 2016 0 comments

HOUSTON, June 24, 2016 – Rockspring Capital, a privately-owned real estate investment firm headquartered in Houston, today announced the sale of 4.17 acres of its 10.58-acre tract in Northwest San Antonio located at the corner of Military Drive and Loop 1604 inside the booming Westover Hills neighborhood. The sale was made to CST Brands Inc., which is planning to build a future Corner Store on the tract.

The 10-acre property was purchased in June 2015, and is positioned only seven miles northwest of downtown surrounded by significant residential subdivisions, commercial uses, new business facilities as well as the popular Sea World amusement park. Read more…

Posted by: In: Rockspring News 16 May 2016 0 comments

Forbes.com recently published Rockspring Capital President and CEO Jim McAlister IV’s second feature article. An update to the first article in 2015, the piece discusses how jobs, the diversified economy and the Texas Model are holding up across the state.

“Diversification of the economic engines driving the country’s fourth largest city reduced the impact of upstream to 12 percent from 2010 – 2015 (source: Texas Workforce Commission) of the Houston economy. Overall, the U.S. Bureau of Labor Statistics reports that workers in natural resources and mining account for one percent or less of total employment in the state’s other big three metro areas of Dallas, Austin and San Antonio…”

To read the entire Forbes.com, click article.

Posted by: In: Rockspring News 27 Apr 2016 0 comments

San Antonio Business Journal has featured Rockspring Capital once again. The publication recently covered Rockspring’s sale to CST Brands in March 2016 and Real Estate Reporter Katie Burke wanted to find out even more about the firm’s unique acquisition strategy and San Antonio presence. Rockspring’s David Orr was recently interviewed by Burke and featured him in this Q&A.

To read the San Antonio Business Journal article, click here.

 

Industry Insights

Posted by: In: Industry Insights 12 Dec 2016 0 comments

According to the Texas Annual Housing Report released by the Texas Association of Realtors, the Texas housing market has a strong chance to see a second straight record breaking year in home sales volume. First-time homebuyers continue to drive demand throughout the state’s major metros and international homebuyers have seen increased activity in recent years as well.

To view the Energy Voice coverage of the report, click here.

Posted by: In: Industry Insights 02 Nov 2016 0 comments

More than 1,800 real estate experts agree that Austin will be the number one city in the nation for real estate investment in 2017. The annual Emerging Trends in Real Estate 2017 survey by PricewaterhouseCoopers (PwC) and the Urban Land Institute says one of Austin’s major draws is its popularity among Millenials.

To read the REIT.com article, click here.

Posted by: In: Industry Insights 28 Oct 2016 0 comments

Single-family home creation is due for explosive growth soon, according to Mark Dotzour, a former economist with the Real Estate Center at Texas A&M University. Dotzour recently spoke at the 2017 Executive Economic Outlook Briefing where he explained how Texas has been utilizing a vast array of industries to bolster economic expansion.

To read the San Antonio Express-News article, click here.

Posted by: In: Industry Insights 28 Oct 2016 0 comments

According to research conducted by the American City Business Journals, Austin’s population is predicted to increase by 98.7 percent over the next quarter of a century to roughly 4 million people. This ranks as the fastest growing city in the U.S. for this time frame with Houston, San Antonio and Dallas-Ft. Worth also in the top 10.

To read the Austin Business Journal article, click here.

Posted by: In: Industry Insights 26 Sep 2016 0 comments

The Dallas Federal Reserve estimates that job creation in Texas will increase by 1.2 percent year-over-year before 2016 is over. This equates to roughly 138,000 jobs being added to the Texas economy. According to experts, the last four months of the year should see a strong finish for job growth in the Lone Star State.

To read the WOAI-News Radio article, click here.