The United States Department of Commerce and the Government of the Republic of Korea Announce Strategic Investment in Project Star, a $22.3 billion Energy Infrastructure Campus in Encinal, Texas, being jointly developed by Related Companies and NextEra Energy, in partnership with Lewis Energy Group
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. San Antonio industrial demand along the I-35 corridor has been driven by spillover from the larger Texas Triangle gateways. Multifamily fundamentals are steady. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- The 15th San Antonio story tracked on the wire in September 2026. All San Antonio coverage →
- 3 stories mentioning Related Companies on the wire in the past 90 days. Related Companies coverage →
Computed from Real Estate Trail’s own tracked coverage
Project Star will create 6.47 GW of natural gas generation to directly support an adjacent 5 GW digital infrastructure campus and deliver excess power generation back to the grid. DALLAS and SAN ANTONIO and JUNO BEACH…
External link. Real Estate Trail does not republish source content.
Related coverage — San Antonio
Hines Ties Downtown San Jose Retail Revival to Major Data Center Expansion
The Houston-based developer is asking San Jose to fast-track a makeover of its 150 South First Street building that would fill 11 vacant Paseo de San Antonio storefronts while dramatically scaling up the property's ag…
Dhanani Private Equity Group Welcomes New Tenants to San Antonio Shopping Center
SAN ANTONIO — Dhanani Private Equity Group, a Houston-based owner-operator, has welcomed several new tenants to the 635,000-square-foot Park North Shopping Center in San Antonio. The deals include leases with Cajun se…
Industrial park in San Antonio-Austin corridor opens for business
McCombs Eyeing Tax Breaks for San Antonio Mixed-Use Venture
McCombs Enterprises is seeking to capture tax revenue to fund the infrastructure needs of a mixed-use project the company is proposing. The developer estimates the project will require roughly $43.6 million in public…
Marcus & Millichap Brokers Sale of 49-Unit Apartment Building in Kerrville, Texas
KERRVILLE, TEXAS — Marcus & Millichap has brokered the sale of Park Hill, a 49-unit apartment building in Kerrville, about 65 miles northwest of San Antonio. Park Hill was built in 1977 and comprises 11 one-bedroom un…