City to sell surplus lots on the East side to spur infill residential development

East San Antonio isn’t known for its dynamic housing market, but with a plan brewing to use city-owned surplus lots to trigger infill residential development in the area, Debbie Racca-Sittre is hoping that will change.

The current Assistant Director for the the Transportation and Capital Improvements department is working with District 2 City Councilman Alan Warrick on a deal to partner with private residential developers for 19 vacant city-owned properties. The idea? Try to bring in a newer housing… …read more

From:: biz journal foreclosures

Synnex shares fall as earnings outlook misses Street view

Synnex Corp. shares fell in the extended session Thursday after the business process services company’s earnings outlook fell short of Wall Street estimates. Synnex shares fell 8% after hours, following a 3.5% gain to close at $118.40 in the regular session. For the second fiscal quarter, Synnex estimates adjusted earnings of $2.25 to $2.35 a share on revenue of $4.58 billion to $4.78 billion. Analysts expect earnings of $2.41 a share on revenue of $4.75 billion. The company reported fiscal first-quarter net income of $24.4 million, or 61 cents a share, compared with $61.8 million, or $1.54 a share, in the year-ago period. Adjusted earnings were $2.14 a share. Revenue rose to $4.55 billion from $3.52 billion in the year-ago period. Analysts surveyed by FactSet had estimated $2.11 a share on revenue of $4.47 billion.

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From:: Stock Market News

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