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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 29 Mar 2016 0 comments

There’s no question that the oil downturn has affected unemployment rates in Texas, but according to PayChex-IHS Small Business Job Index, small employers (companies with 50 people or less) have been lessening this impact greatly. Texas ranks number four in the nation in small business job hires with Dallas showing the highest growth at 1.6 percent increase annually. Experts attribute this to The Lone Star State’s diverse economy.

To view the Houston Chronicle story, click here.

Posted by: In: Industry Insights 11 Feb 2016 0 comments

Starting and running a small business in Texas may have slowed slightly in 2015, but it is still ranked as the most business-friendly state in the U.S. Fiscal Notes, a publication put out by the State Comptroller office recently released a deep dive look into the state of entrepreneurism and small business in Texas. The report explains that Texas maintains its moniker thanks to low tax burdens, generous asset protections, and the growing popularity of equity crowdfunding.

To view the Fiscal Notes story, click here.

Posted by: In: Industry Insights 08 Feb 2016 0 comments

In a recent hearing at the state capitol, State Comptroller Glen Hegar addressed the Senate Finance Committee’s concerns on how oil prices are affecting the Texas economy. Hegar confidently stated that the state budget is in no trouble because of the oil downturn, especially since Texas has such a diversified industry base. He proved this point by explaining that the state actually added 179,000 jobs from November 2014 to November 2015.

To view the Austin American-Statesman story, click here.

Posted by: In: Industry Insights 01 Feb 2016 0 comments

Central Texas has seen explosive population and economic growth over the past few years and according to economists, oil will not drastically change its pace. BBVA Compass Economists agreed that although the oil downturn has had an impact on the Lone Star State, Central Texas’ economy has and will continue to chug along.

To view the Austin American-Statesman story, click here.

Posted by: In: Industry Insights 29 Jan 2016 0 comments

There’s no denying that Millenials (people ages 20 to 34) have an impact on where companies want to operate. According Real Estate Bisnow, Texas is by far the most desirable place for Millenials to start and grow their careers with Austin ranking as number one.

To view the Real Estate Bisnow story, click here.