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
Apartment rents diverge: San Francisco rises, the Sun Belt falls
Northern California took the top 3 growth spots, and San Antonio posted the steepest decline among the 50 largest markets
First Pineapple School franchise breaks ground in Helotes
Spanish language and culture immersion preschool expands the brand beyond its three family-owned campuses SAN ANTONIO, Nov. 12, 2026 /PRNewswire/ -- With three thriving campuses in San Antonio and nearly 600 children…
Vise Oaks to add $98M apartment complex to San Antonio master-planned community
High Street Residential Pitches Eight-Story, 200-Unit Apartment Building at 720 San Antonio Road in Palo Alto
Trammell Crow Company affiliate High Street Residential wants to replace three low-rise commercial buildings at 720 San Antonio Road with an eight-story, 200-unit apartment building, adding to a growing wave of housin…
More from the wire
HiLITE Group plans INR 200 crore Shariah-certified real estate fund
The seasonal decline in housing inventory is in full force
Inventory fell to 895,988, down 6,752 week to week, while new listings were 53,162 vs 56,569 last year.