Fiesta Mart, Texas jobs, home prices, Denny Alberts: Monday's Business Briefing

Your lunchtime look at D-FW business [Your lunchtime look at D-FW business] March 26,  2018 🔎 Prefer the online view? It's [here](. Follow us on Twitter [@DMNBiz](. A view of the Fiesta Mart located in West Cliff Shopping Plaza in Dallas, Texas. (Ting Shen/The Dallas Morning News) the big story Fiesta Mart acquired to build giant contender in Hispanic grocery market Texas' largest Hispanic grocer, Fiesta Mart, is being acquired by the operator of El Super stores in California and other states to form a company with $3 billion in annual sales. Bodega Latina Corp., a U.S. subsidiary of Mexico-based Grupo Comercial Chedraui is buying Houston-based Fiesta Mart from Washington D.C.-based private equity firm, ACON Investments. The Houston Chronicle reported the purchase price is $300 million. [Fiesta operates 63 stores in Dallas and Houston.]( El Super is a 59-store chain with stores in California, Arizona, Nevada and New Mexico. More than 50 percent of the fast-growing U.S. Hispanic population resides within the five states where Fiesta and El Super operate, the companies said. -[Maria Halkias]( Plus: [Find more on grocers and their impact in D-FW]( The Latest - Trade: In India, [Gov. Abbott celebrates]( a deal to bring 500 jobs to Houston. - Amazon:  This week in Amazon-o-mania: [Chicago gets its visit](. - Retail: [Remington seeks bankruptcy protection]( as gun sales appear to continue decline. - Real estate: One of Uptown Dallas' [major office tenants]( is staying put. - Food industry: [Blue Bell](gives us what we didn't know we wanted: chocolate peanut butter cookie dough ice cream. Advertisement (Vernon Bryant / Staff Photographer) real estate Are Chicken Little analysts right about Dallas home prices? Tens of thousands of folks have read my report about Wall Street firm Fitch Ratings' warning about Dallas-area home prices being overvalued. It's not the first time out-of-state analysts have raised the red flag on the rate of home price growth in North Texas. Fitch has been alarming about our residential values for three years. [I get where they are coming from.]( But Dallas-Fort Worth home prices aren't overvalued for many of the thousands of people each year moving to North Texas - especially those from high home price markets on the West and East coasts, said Frank Nothaft, chief economist for CoreLogic. "In contrast, the median long-time Dallas resident sees prices grow more rapidly than their income and may feel priced out of the market, and/or that the market is overvalued," Nothaft said. -[Steve Brown]( Plus: [Find more on D-FW real estate]( Elsewhere in Texas - San Antonio: Meet the [Texas power brokers]( who compete for major sporting events like the Final Four. (San Antonio Express-News) - Austin: [Yeti](cancels planned initial public offering of stock. (Austin American Statesman) - Statewide: A look at what China's tariff on [U.S. oil pipe]( may do in Texas. (Houston Chronicle) - San Antonio: [Airport]( gets new nonstop flight to León, Mexico. (San Antonio Express-News) - Houston: Will [Elon Musk]( tunnel under Houston? (Houston Chronicle) John Goff, left, and Denny Alberts are partners in Dallas based Silverstone Healthcare Co. (Ben Torres/Special Contributor) Featured Columnist: Cheryl Hall Rich duo who brought the Ritz to Dallas puts on the glitz with assisted living The eight-story, red-brick, SMU-esque, terraced midrise going up along the Dallas North Tollway at Northwest Highway is the latest generation of luxury living from Denny Alberts' company for seniors who may need a little extra TLC. [Next month, tenants will begin moving into 134 assisted-living and memory-care apartments that look a lot like trendy urban rentals in Uptown but are adapted for the needs of the slower set.]( Alberts, the 68-year-old real estate executive, has had a hand in developing billions of dollars in real estate, but the idea of changing the quality of life for those at the later end of the age spectrum is the dearest project to his heart. “This is the Ritz of senior housing,” says Alberts. “It’s as comfortable as a home, as luxurious as a country club, and it’s a wonderful place to live.” Plus: [Find more columns from Cheryl Hall]( Source: Texas Workforce Commission In One Chart Four things to know about the latest Texas jobs report Texas powered into the new year, the state reported Friday, adding 40,500 jobs last month and revising up its numbers for January. February, the Texas Workforce Commission said, was the state’s 20th straight month of job growth. [The state’s jobless rate held steady at 4 percent]( — a level that economists have said is great, essentially full employment, as long as it doesn’t keep dropping. “Everything is growing above trend,” said Pia Orrenius, a senior economist with the Federal Reserve Bank of Dallas. “It just looks really, really good." -[Jill Cowan]( Plus: [Find more on the Texas economy]( Follow DFW stocks: [See how top North Texas stocks performed](, as well as the oil and gas markets and major stock exchanges. DFW Top 100 Places to Work 2017: The Dallas Morning News and Workplace Dynamics partner each year to feature the [Top 100 workplaces](, based on ratings by the people who work at them. Advertisement 👋  That's all for today! For up-to-the-minute business news and analysis, check out [DallasNews.com/Business](. 💖 Share the love: If you like this newsletter, please forward this email to a friend and [check out our other newsletters here](. 📧 Do you have feedback on this newsletter? Send your thoughts, questions, praise and corrections to our Business Editor Paul O'Donnell at [podonnell@dallasnews.com](mailto:podonnell@dallasnews.com?subject=Newsletter%20Feedback). STAY CONNECTED WITH US  [Facebook]( [Instagram]( [Twitter]( [LinkedIn]( [Tumblr]( [Google]( [Reddit](  [OTHER NEWSLETTERS]( [SUBSCRIPTION OPTIONS]( [Unsubscribe](  |  [Manage Preferences](  |  [Privacy Policy](  |  [Contact](  |  [Advertise]( You received this message because you signed up for this Dallas Morning News newsletter or it was forwarded to you. Copyright 2018 - [The Dallas Morning News]( | [1954 Commerce St., Dallas, TX 75201](#)