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​​​HUMBLE – Gaia Real Estate sold two apartment complexes in Humble, in Houston’s far north market. 

The 312-unit Timberlakes at Atascocita and the 200-unit Eagle Crest are part of Gaia’s nine-property, 2,594-unit portfolio that spans the Houston metro.

​​Want more data? See ​Houston Multifamily Market Research.

​THE WOODLANDS – Grace Community Church has announced the latest portion of their mixed-use development just south of The Woodlands.

The church's Woodlands campus is creating the development on more than 100 acres of land it has owned for several years along I-45. 

​​Check out more mixed-use news here​. 

​​​​FRISCO – The Dallas Cowboys and Baylor Scott & White Health have reached the uppermost vertical point on a new sports therapy and research center at The Star in Frisco. 

This is the latest component to the Dallas Cowboys-anchored mixed-use development.​

​Want ​more data? See DFW Overview Market Research. 

​​DALLAS – An investor who has recently purchased several blocks in downtown Dallas has snapped up another large property south of the central business district.

Dallas restaurateur and entrepreneur Mike Hoque has purchased about 15 acres on Corinth St. at Cesar Chavez Blvd. for redevelopment.

​Want more d​ata? ​See DFW Overview Market Research.

​​​​HOUSTON AREA – Mod Pizza, which entered the Houston market in late 2014, plans to open another six locations across the metropolitan area by the end of 2017.

​Check out Houston Retail Market Research.​

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​GARLAND – An upscale senior living community has begun near Garland's Firewheel Golf Park, which will bring more than 150 apartment homes geared to retired residents in North Texas.

The four-story, 154-unit community, called Firewheel Senior Living Residences, at 5151 N. President George Bush Hwy., will total 171,572 sf of living space.

​​Want more data? See DFW Market Overview Research.​

​​​CEDAR PARK – The Hyatt Place Cedar Park hotel has broken ground.

​​​​GEORGETOWN – June 2017 housing market data has been released by Community Impact Newspaper. 

The data was compiled by the Austin Board of Realtors. 

​Check out more Austin Housing Market Research.

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COMBES – The latest TxDOT project is planned in the Harlingen-San Benito Metropolitan Planning Organization district on Templeton Ave., also known as SH 107.

One part of the project extends from just east of the I-69E and U.S. 77 interstate and proceeds west along Templeton Ave. to Business 77, a distance of 0.465 miles.

Another phase extends west from there along Hwy. 107 all the way to FM 800/Bass Blvd., which will be resurfacing of the highway

The extensive project is expected to disrupt traffic during an 18-month long construction process.

TxDOT Pharr District spokesman, Octavio Saenz, said, “SH 107 is an existing urban arterial with an Average Daily Traffic of 7,000, and future Average Daily Traffic of 9,600 (in year 2037)".

In addition, new turnarounds at the interstate will be built for both southbound and northbound directions.

The project costs $3.7 million and should begin in August 2017, with completion 18 months from the start.​

​FLOWER MOUND – A development firm has been given the green light by the Town of Flower Mound to build a 12-acre mixed-use neighborhood adjacent to Lakeside DFW, which includes a five-story, 134-room hotel.

The mixed-use development, called Lakeside Crossing, will sit on the west side of Long Prairie Rd. near the intersection of Lake Forest Blvd.

​​​EL PASO – A 23,000-sf Streetcar Maintenance and Storage Facility is nearing completion in Downtown El Paso on South Santa Fe St. 

​SAN ANTONIO – Investment Realty Company (IRC) announces its new Medical & Wellness Practice Group along with the new listing of Huntington Square—a 2.1-acre site in Northwest San Antonio.

"As the traditional retail industry continues to adapt to the advent of online retail, we are seeing medical offices or wellness studios take advantage of large retail centers that offer safety and convenience that's close to home," said Steve Raub, president of Investment Realty Co.

​​Want more data? See ​San Antonio ​Medical and Retail Market Research. 

​​​​​DALLAS – Local restaurateur​ and entrepreneur Mike Hoque has purchased around 15 acres on Corinth St​. at Cesar Chavez Blvd.

The purchase includes the shuttered Pilgrim's Pride plant, which closed in 2011.

Hoque plans to redevelop the land as a mixed-use project.

​​​​NEW YORK – San Antonio and Austin top the list of five most overvalued housing markets in the country, according to Fitch Ratings.

Using five metrics, Fitch determined 27 percent of the 412 housing markets it tracks are overvalued, with home prices at least 5 percent above fair local value. Those metrics were nominal income growth, population growth, unemployment, change in rental prices, and change in home prices.

​The list is based on the year-over-year change in these measures for the 50 largest metropolitan statistical areas in first quarter 2017.

At number one, San Antonio's median home price was $202,600, overvalued by 18.6 percent, Fitch found. Number two Austin's median price was $286,400, overvalued by 17 percent.

However, Real Estate Center Research Economist Dr. Luis Torres said determining whether a market is overvalued is always difficult, but especially when a market's housing inventory is low.

Last month, the San Antonio-New Braunfels MSA had a 3.7-month's supply of homes for sale. Austin-Round Rock had a 3.1-month's supply. Statewide, inventory is at 4.1 months.

"We have a supply constraint issue in home construction," Torres said, "especially in the price ranges below $250,000. Nevertheless, this is obviously an important issue and one the Real Estate Center will continue to monitor. In fact, we're working on an article based on the Case-Shiller methodology ​of estimating actual prices based on fundamentals of demand and supply, and we found some price misalignments for Texas and the four MSAs."​

​​​CORPUS CHRISTI – The Port Authority has awarded a 30-year lease to Maverick Terminals Corpus LLC, which plans to build a pipeline from the Coastal Bend to Mexico.

The measure, approved Tuesday, gives the company access to 41 port-owned acres on the north side of the Corpus Christi Ship Channel.

Maverick Terminals wants to build and operate a multiservice facility there, including a rail terminal, a storage structure for petroleum and petroleum products, and the new Oil Dock 20.

Under the terms of its agreement, the port would design and construct the new oil dock. Maverick Terminals would build the rail loading facility, the storage infrastructure, and the pipelines.

The 30-inch pipeline would run from Corpus Christi to Monterrey, Mexico, but would require separate federal approval.

Maverick Terminals is a subsidiary of San Antonio-based Howard Energy Midstream Partners, which also operates terminals at the Port of Brownsville and Port Arthur.

​​​LOS ANGELES – Austin came in ​eighth on CBRE's annual Tech Talent Scorecard, which ranks 50 U.S. and Canadian markets according to their ability to attract and grow tech talent.

The Capital City was the No. 5 most concentrated large market in terms of its tech labor pool as a percentage of its total labor pool, at 7.1 percent, with a tech talent pool of nearly 69,000, an increase of 28.3 percent from 2011 to 2016.

"With a rate of 48.3 percent, Austin ranked No. 7 among the top markets for educational attainment," according to a CBRE press release. "It stands out as a strong tech job creator and tech talent attractor, with more than 5,500 more tech jobs than graduates. Austin's millennial population grew 5.5 percent from 2010 to 2015, above the U.S. average of 4.6 percent."

The city's office vacancy rate decreased 6.9 percentage points to 9.5 percent from Q1 2012 to Q1 2017, demonstrating the demand for quality office space. ​

Dallas-Fort Worth was the only other Texas market in the top ten, ranking tenth.

​​​DALLAS – Nationwide, the number of foreign buyers in the home market has surged to a record high in the last year, and Texas is one of their favorite destinations.

International buyers snapped up 284,455 U.S. properties—a 32 percent hike from 2016, according to the National Association of Realtors. More than 34,000 of these purchases were in Texas.

Although foreigners purchased proper​​ties nationwide, five states accounted for 54 percent of total residential property purchases: Florida (22 percent), Texas (12 percent), California (12 percent), New Jersey (4 percent), and Arizona (4 percent).

"[Realtors and others] are doing a lot of business with foreign buyers," said Real Estate Center Chief Economist Dr. Jim Gaines. "Texas represents a very nice opportunity for them. We've been the fastest growing state in the country for years."

The greatest volume of Texas' foreign home buys—about 40 percent—came from Mexican and Latin American purchasers. Asian buyers were a close second with 39 percent of the offshore acquisitions.

"The Chinese are very entrepreneurial, and Texas is a very entrepreneurial state," said Gaines. "We have a lot of Asians relocating to Texas."

Buyers from China spent the most on U.S. housing—some $31.7 billion. The largest share of their 40,572 purchases—37 percent—were in California. Texas was their second favorite U.S. home market, accounting for 11 percent of their deals.

Canadian buyers spent $19 billion on U.S. homes, followed by buyers from the United Kingdom ($9.5 billion), Mexico ($9.3 billion), and India ($7.8 billion).​

​​AUSTIN – Phoenix Capital Partners Ltd. and Ardent Residential have started work on Palo Verde.

The 296-unit apartment community at US 290 and FM 1826 will​ open by second quarter 2019.​