Michael Boyd Appointed As USAA Real Esate General Counsel
Joined by Rachel Donnelly to Reinforce Depth of Legal Team
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SAN ANTONIO, March 9, 2021 /PRNewswire/ USAA Real Estate is pleased to announce the appointment of Michael Boyd as its new General Counsel, culminating a 30-year relationship with the company and its affiliates, which Mr. Boyd represented in his previous role as partner at Hunton Andrews Kurth LLP. Mr. Boyd s 32-year tenure with HAK included his most recent assignment as partner in charge of the Real Estate Practice Group in HAK s Houston office.
Report: Pandemic changes prompting some San Antonio renters to move from downtown to suburbs
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Rent growth stayed relatively flat in the San Antonio area last year, according to a report by the San Antonio Apartment Association.Staff file photo
Opportunities to work remotely, skip commuting, spread out in more space and spend less on rent prompted some residents to move farther away from San Antonio’s urban core last year, a report by the San Antonio Apartment Association suggests.
And while home prices rose last year amid a tight supply and low interest rates, average rent and occupancy in the area stayed largely flat as rental assistance programs provided aid, landlords offered deals to help keep tenants in their buildings and developers completed new apartments.
Amazon facility developers must co-ordinate with Irish Air Corps Department of Defence requires care with cranes due to Casement Aerodrome flights
Sat, Jan 30, 2021, 06:14 Amazon: Similar sites to that planned for Unit E at Baldonnell Business Park employ 1,000 staff. Photograph: Johannes Eisele
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The developer of Amazon’s new €60 million Dublin “fulfilment centre”, which will help it bypass Brexit delays and speed up deliveries to Irish customers, has drafted in a specialist US group that has built facilities for the web retailing giant all over the US.
ILPT Enters Kansas With $44M Industrial Purchase
The REIT purchased a 645,000-square-foot distribution center in Gardner from USAA Real Estate. Jan082021
Image by falco via Pixabay
Industrial Logistics Properties Trust has expanded its footprint into Kansas with the acquisition of a state-of-the-art net leased distribution center in metropolitan Kansas City. The REIT purchased the 645,000-square-foot building at 17001 W. Mercury St. in Gardner from USIR II – GARDNER LLC, an entity of USAA Real Estate, in a transaction valued at $44 million.
With this acquisition, Newton, Mass.-based ILPT now has a presence in 32 states across the U.S. The REIT has been eager to bolster its portfolio, but the right opportunities have not exactly been plentiful over the last several months. “Strong performance of industrial real estate during this pandemic has continued to attract capital looking for deployment opportunities,” John Murray, CEO of Industrial Logistics Proper