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​​​SHERMAN – Tyson Foods Inc. is investing $30 million on an 80,000-sf expansion of its local facility. 

The expansion will increase the capacity of the local facility’s material handling department.

Construction will begin in January 2019 and wrap up by September 2020.

The Sherman Economic Development Corp. board approved a performance agreement with a $1.5 million incentive for the local beef and pork products production facility.

​​​​​​​​AUSTIN – Early demand for single-family homes in the fourth quarter led to a record-breaking month of home sales for Central Texas, according to the October 2018 ​​​Housing Market Report by the Austin Board of Realtors.

Across the MSA, sales volume increased 4.3 percent from 2,250 sales in October 2017 to 2,347 sales last month.

Sales dollar volume increased 8.8 percent year over year to over $901.4 million.

High demand and limited inventory pushed the median home price to $308,355.​

​​​​​​AUSTIN – October 2018 housing statistics have been released through Clarus MarketMetrics by the Austin Board of Realtors (ABOR).​

​​​​ALLEN – The city’s $91 million convention center and hotel will open in two months after nearly two years of construction.

The five-story Marriott Delta will have 300 rooms wrapping around the central pool courtyard.​

It will be along US 75 and have meeting space and a large restaurant and bar area.​

​​​​​​​AUSTIN – A 70-unit affordable apartment community will be built in Travis Heights.

Aria ​​​Grand will include 12 one-, 30 two-, and 28 three-bedroom units at 1800 S. I-35.

It will serve 60 families earning 60 percent or less of the area median income. Ten units will also be available to families at market-rental rates.

O-SDA Industries and Saigebrook Development are developing Aria Grand.

​​​​​TYLER – October 2018 housing statistics have been released by the Greater Tyler Association of Realtors (GTAR).

​​​DALLAS – North Texas has the fifth-best commercial real estate market in the nation, according to a Trepp survey.

"Big D ranked fifth in our study of high-performing metropolitan areas due to its high population growth (highest among all ranked markets) and low unemployment," the report said. "A key reason for those strong statistics is the area's enticing quality of life and low to no tax rates."

Houston-The Woodlands-Sugar Land also made the list, ranking ninth. 

The New York-based firm looked at economic and real estate conditions for each of the markets.​

​​​​HOUSTON – New York-based Brixmor Property Group Inc. has sold the area’s first multilevel H-E-B at 5106 Bissonnet St. in Bellaire for $17.25 million.

The store opened in 1994, and H-E-B closed it in March 2017 to begin construction, which included demolishing the entire strip center. 

The H-E-B Bellaire Market reopened in June. The main portion of the store sits on top of a two-level parking garage.

​Check out Houston-The Woodlands-Sugar Land Retail Market Research.

​​​​AUSTIN – The mid-rise Tyndall condominium project has opened at 800 Embassy Dr.

The six-story project has 182 residences ranging from 571 to 2,400 sf.

Most units are priced between $300,000–$900,000 with penthouses ranging up to $1.7 million. More than 60 percent of the units are under contract.

Momark Development built the condos.

​​PLANO – New housing units haven't kept pace with the city's job growth, pushing more people to live outside the city and commute to work, according to the "City of Plano Housing Trends Analysis​" by Economic & Planning Systems Inc.

Here are some findings from the plan: 

• Betwee​n 2002 and 2015, the city added around 84,000 jobs, or about 6,500 a​ year. But between 2000 and​ 2016, the city added only about 25,000 h​ou​seholds, a rate of nearly 1,600 a year. This imbalance in supply and demand affects affordability.
  
• More of the city's workforce is commuting. In 2002, around 2,000 workers lived outside of the city. By 2015, that number ballooned to 59,000 workers.
  
• The surge in commuters is affecting traffic. In 2007, about 28 local lane miles were at or above 100 percent volume over capacity. By 2017, there were 140 lane miles at that level. 
  
• The city's residents are getting older. In 2000, more than half of the city's residents were under 35 years old. About 12 percent of the population was 55 or older. By 2016, less than 45 percent of the city's residents were younger than 35 and the over-55 population was about 24 percent.
  
• New mortgage investments have declined. About 80 percent of local owner households held a mortgage in 2005. By 2016, that number dropped to 67 percent.
  

​​​​​​AUSTIN – Marcus & Millichap has released a Multifamily Research Market Report for fourth quarter 2018, predicting year-end trends and reviewing third quarter statistics. Highlights include:

• Completions ticked up over the past 12 months as developers increased stock by 9,800 units.
  

• The average rent advanced at its strongest pace since 2016, reaching $1,252 per month in the third quarter.
  

• More than 12,800 market-rate apartments are underway with delivery dates scheduled through 2020. Nearly 5,600 of these units will be delivered in the North Central and East Austin submarkets.
  

• ​Vacancy will decline during 2018 for the first time in more than five years to 5.5 percent.​
  

​​​​WASHINGTON – Nationally, builder confidence in the single-family housing market fell eight points to 60 in November ​​on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).

"​For the past several years, shortages of labor and lots along with rising regulatory costs have led to a slow recovery in single-family construction," said NAHB Chief Economist Robert Dietz. "While home price growth accommodated increasing construction costs during this period, rising mortgage interest rates in recent months coupled with the cumulative run-up in pricing has caused housing demand to stall."

All of the major HMI indices posted declines. The current sales conditions metric fell seven points to 67, the index measuring expectations in the next six months dropped ten points to 65, and the ​buyer traffic metric dropped eight points to 45.

​​Regionally, the South's HMI dropped two points to 68.

​​​LAKEWAY – ​Travis County commissioners ​have approved the concept plan for ​​​the Bee Creek Sports Complex.

The city is providing 70 acres at 4440 Bee Creek Rd. ​for $3.7 million approved by voters in a 2014 bond.

The project will include seven sports fields, batting cages, a meeting facility, playground, picnic area, trails, and food trucks.​

Voters approved $23.5 million for the project in November 2017. ​​​​

​​​​IRVING – Centurion American Development Group
​is transforming the Dallas Cowboys’ former home into a housing development two years after the team relocated to The Star in Frisco. 

Most of the office and practice facility at the 36-acre property at Valley Ranch on North LBJ Freeway has been knocked down to make way for a 230-home residential community.​

The first lots will deliver in July and August 2019 at Legends Crossing and will include villas, bungalows, and townhomes.

The community will also feature an entryway made of stone from the Cowboys' former offices and ten acres for open spaces.​​ 

​Check out​ Dallas-Fort Worth-Arlington Housing Market Research​.

​​​​DALLAS – ODES UTV is leasing 97,131 sf at Royal Commerce Center, an industrial property at 2007 and 2035 Royal Ln. 

Stream Realty Partners represented both the tenant and the landlord, DRA Advisor​s.

​See also: DFW Industrial Market Research​.

​​​​AUSTIN – The city council has approved a resolution that would allow Samsung to get a refund on its state sales and use tax.

The tech giant said it anticipates investing $291 million at its facility off E. Parmer Ln. Plans include $108 million in tools and equipment and $183 million toward facility renovations.​

​​​​​​​​​HOUSTON – Radom Capital and Triten Real Estate Partners are redeveloping a 12-acre site at N. Shepherd and 6th Streets. 

Roughly 200,000 sf of industrial buildings will be redeveloped into a mixed-use project that will contain 100,000 sf of creative office space and 100,000 sf of retail space. 

The development, dubbed M-K-T, is set to deliver in first quarter 2020.

​Check out Houston-The Woodlands-Sugar Land​ Office and Retail Market Research. 

​​CARROLLTON – Vivid Cosmos Granite has leased 68,562 sf from the Billingsley Company. 

The space is at the Luna Distributon Center at 2244 Luna Rd. 

Stream Realty Partners represented the tenant.​

​​​HOUSTON – Chamberlin Houston LLC has purchased a 71,566-sf industrial property at 4545 Langfield Rd. 

The property features 26-ft ceiling heights and 15 dock-high doors. 

​Check out Houston-The Woodlands-Sugar Land Industrial Market Research.

​​​​BRYAN – Oldham Goodwin Group​ LLC has stated construction on Phase 1 of the CamWest Crossing development.

A 61,000-sf Class A office building will be the first building at the development at 8872 Health Science Center Pkwy near SH 47.

The 45-acre development will have office and retail space.

Delivery is set for ​April 2019.​