Major Acreage and Land Deals Announced in North Texas by Jerry Jones' Blue Star Land and Realty Capital Management and Hillwood..

By Troy Corman, www.t2realestate.com

Map of The Belmont development, a master-planned community by Hillwood and Realty Capital Partners.

In the last two weeks, plans for two major master-planned communities were announced in north Texas and the northwest area of Dallas/Fort Worth. Dallas Cowboys owner Jerry Jones' land development company, Blue Star Land, has assembled almost 1,000 acres along the Dallas north tollway and it's future extension north of 380. Work is under way for a master planned community, much like it's previously designed Starwood subdivision in Frisco and it's StarCreek subdivision in Allen, Tx. Both Blue Star developments were wildly popular with Dallas home buyers and DFW home builders.

Further west, the 1,000-acre Realty Capital and Hillwood real estate project is being touted as a $1 billion mixed-use master-planned development. They plan to provide up to 3,500 homes in the northwest corner of FM 407 and Interstate 35W. Plans for this Argyle and Northlake area community also include over 100 acres of mixed-use development including retail, restaurants and office buildings. Hillwood and Realty Capital have named it Belmont. A $22 million sewer line is scheduled to be completed by April, which will allow developers and home builders to tap in to the highly acclaimed Argyle Independent School District. Belmont's first phase will include about 250 homes priced in the $200,000 to $400,000 range with lots ready for home builders by early 2013.

As the local housing market turns the corner, builders are looking for north Texas residential housing lots. Blue Star general manager Joe Hickman says, "there's been no lots developed, and we think there will be pent-up demand next year." With home purchases at historic lows the last few years, and steady migration and relocations into DFW area communities, there's a good chance he's right.

Troy Corman is the founder of t2 Real Estate LLC, a Dallas real estate firm providing specialized knowledge with a hands-on approach. Specialties include residential real estate brokerage, land and acreage, and commercial real estate services. Contact us today at 214.827.1200 if you need to sell, buy or get your DFW property leased.


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When It Comes To DFW Real Estate In 2012, Is That A Light At The End Of The Tunnel, Or Another Train Coming?

By Troy Corman, www.t2realestate.com
Will 2012 be the year that the Dallas - Fort Worth housing market bounces back in a big way? Better national employment numbers and local housing sales in December paint reasons for optimism. In fact, Dr. Mark Dotzur, a Texas ATM Real Estate Center economist, thinks that the economy is spring-loaded and ready to explode. Corporate balance sheets are loaded with cash, as are many individual money market accounts. He thinks that if more pro-business and pro-growth folks replace current politicians, the economy could soar. Whether that's in 2012 or 2013, is anybody's guess.

Charles Lieberman, (in video above) chief investment officer at Advisers Capital Management, thinks that housing is already in rebound mode. Home sales and new home construction have been anemic for years, yet the population and housing demand continue to expand, especially in the Texas metroplex, as folks migrate in from the high-tax, debt-laden states like California and Illinois. I've recently witnessed this in the north Dallas area, as there is very little move-in ready, new home inventory. As you can see below, courtesy of the Texas ATM Real Estate Center, Dallas home sales in 2011 and 2010 were below 1999 levels - so pent-up demand continues to build!

The biggest risk to both the local and national US real estate market are the European recession and the ramifications of their failed cradle-to-grave entitlement programs. If I were Germany, I would demand deeds to land and buildings in Greece and other bankrupt Euro countries, in exchange for continued bailouts.

The other risk is that US politicians follow Europe's lead and continue to expand our own country's debt burdens. If that continues, they'll destroy the value of the dollar, and the price of land and real estate could skyrocket. If you need help, or answers to any real estate questions, feel free to reach me at 214.690.9682.

Troy Corman is the founder of t2 Real Estate LLC, a Dallas real estate firm providing specialized knowledge with a hands-on approach. Specialties include residential real estate brokerage, land and acreage, and commercial real estate services. Contact us today at 214.827.1200 if you need to sell, buy or get your DFW property leased.