A group led by the McCombs family has purchased the Tower Life Building, which had been owned by the Zachry family for nearly 80 years.
Transactions
Circa-1920s Exchange Building up for sale
The owners of the Exchange Building, which includes the San Antonio Housing Trust Foundation, are preparing to sell the Prohibition-era building to a local buyer.
Houston developer Urban Genesis buys more land on North St. Mary’s in San Antonio
Houston multifamily developer Urban Genesis is tightening its hold on North St. Mary’s Street with the purchase of a 0.6-acre vacant lot, down the street from the San Antonio Museum of Art, where it plans to build apartments.
Weston Urban expected to buy Koehler House to serve as hotel, restaurant
Developer Weston Urban is reaching beyond downtown as it prepares to buy the historic Koehler House from the Alamo Colleges District.
Staybridge Suites purchase expands local partnership’s St. Paul Square control
Over the last five years, the partnership of developer David Adelman, and real estate executives Michael Jersin and Don Thomas of CBRE, have come to dominate St. Paul Square.
GrayStreet Partners’ big dream for Houston Street that never materialized
In 2015, GrayStreet Partners announced it had purchased several iconic buildings on East Houston Street, and spoke of the corridor’s rebirth. Nearly seven years later, the local developer has been selling off its assets as it shifts focus, and capital, to other projects.
Fort Worth-area developer buys Villita Street properties where twin high-rises were envisioned
Newstream Capital, from a northern suburb of Fort Worth, bought two properties on Villita Street, across from the Tower Life Building. The firm is still deciding what to build on them.
GrayStreet Partners buys parking lot next to Mexican Consulate from CPS Energy
Downtown developer GrayStreet Partners on Thursday purchased a one-acre parking lot from CPS Energy, next to the Mexican Consulate and across from the Tower Life Building, in the heart of downtown.
Dallas firm buys Encore SoFlo apartments in south downtown San Antonio
The 338-unit Encore SoFlo, one of the recent apartment buildings to breathe life into the area north of the H-E-B SoFlo Market, has been purchased by Texas firm Strategic Property Investment.
Augusta Flats, Jones & Rio apartment buildings in River North sold to Northeast group
A partnership between two investment firms from the Northeast has purchased the Augusta Flats and Jones & Rio apartment complexes—two of the largest residential developments to be built in north downtown in recent years.