Just as people started gearing up for times reminiscent of a pre-pandemic world folks were stunned by the economic swing that has some holding on for dear life, literally, while others are watching for the uptick to take a leap into opportunities and increase their fortunes. We at Beck-Reit thought it would be helpful to compile some noteworthy East Austin news for our community of small businesses, owners, and investors. So, here’s what’s been happening in our neck of the woods!

The Mann Report publication wrote an inspiring article geared towards to importance of bringing owners into CRE. It’s no surprise that Beck-Reit’s own DeLea Becker was top of mind on this topic, as bringing more women into Commercial Real Estate is probably her favorite passion project.

Live podcast and put on YouTube for everyone to watch. DeLea Becker spends an hour with Lisamarie Wand talking about all aspects of Commercial Real Estate. Especially - buying and owning Commercial Real Estate!

According to research by BiggerPockets, women represent less than 2% of commercial real estate investors. This figure is surprising given that more women own and manage their own businesses today than ever before. Commercial real estate is an asset class that offers tremendous potential for growth, especially when you consider the current market conditions. However, most women are not investing in commercial real estate for one main reason: lack of knowledge about how it works and how they can get started investing. But this isn't true for Women In Commercial Real Estate. For Women in our profession, investing is squarely in our Circle of Competence.

There is potential to create $1 trillion dollars of value for women in commercial real estate by 2025 if we start investing like men. It's a $3.5 trillion dollar industry, and it's the largest one in the world.

We acquired 4403 W Commerce in December of 2020 after selling 2707 Rogge Lane. The Rogge property was an East Side shopping center near the Mueller that required a gut renovation. We had it leased up and were working through our redevelopment plans when Austin’s growth out-paced us and a bigger fish came with an offer we couldn’t refuse.

Similar to our 8808 Barker Cypress acquisition, we felt like we could sell high in the Austin market and move our gains into a safe and stable NNN investment elsewhere.

See Below for an Overview of the last 6-months at Beck-Reit Commercial Real Estate, and Scroll to the Bottom for DeLea’s Notes and Takeaways from Rednews' Recent AUSTIN RETAIL FORECAST PANEL

This is not DeLea’s first rodeo, she has sat on the Red News Forecast Retail panel before. This is her 3-peat performance and the 1st time was the day before the pandemic shut down the world and she recalls an uncommon prediction that was in line with the outcome. Read about it in her blog below. You won’t want to miss DeLea talk about retail numbers, strategies, adaptive reuse, e-commerce impact, and trend analysis predictions.

The Not-So-Amazing Race: Texas to Vegas in a $2,000 Clunker

Teams scramble to drive from Austin to the Wynn casino, wacky costumes and creative cheating welcome; Mötley Crüe vs. the Golden Girls

Big welcome to Kelly Cloud and Kate Rhodes. This is more than adding Brokers to our Company Roster - this is DeLea putting her money where her mouth is. …..

Carrie Bobb is my HERO :

#1 - I love this person. She is my Hero.

#2 - What the What? What kind of man goes to all this crazy PREMEDIATED EFFORT to do this? And then to the company doesn’t quickly Do The Right Thing?

#3 - This is Horse Shit and I am pissed.

#4 - I’ve got to go create a place that is safe for Women in Commercial Real Estate Brokerage. Not only in my Company Policy & Employee/Contractor Agreements but boots on the ground. I need to hire women, seek them out, give them a safe place at Beck-Reit. Safe from that horse shit. Women have enough to deal with keeping themselves safe from harm, they shouldn’t have to worry about it coming from their bosses. I can’t save all the women, but I can take it one “Woman Hire At a Time”.

Advertising Sales Executive

We are looking for a successful, motivated, self-starting sales executive to join our team.

The ideal candidate must be a quick learner, computer savvy, with superb verbal and written communication skills & have a minimum of 2 years of outside sales experience.

It started when DeLea and Mark met for the 1st time for breakfast at Chumikals in 2017 (a favorite East Austin Joint for both) and the breakfast stretched into lunch. A couple of days later the property was toured and under contract - the rest is Award-Winning History!

The inspiring architects at Dick Clark & Associates have been rightfully recognized for their incredible office design at 2120 E 7th St - winning the Austin Business Journal’s 2021 CRE award for Best Office Rehab.

Originally an 80s pawnshop, 2120 E 7th was built like a concrete bunker with just one window and no insulation or even air conditioning for most of the space. DCA’s ground up design and construction has transformed the site into an eye-catching functional space perfect for creative office and retail needs.

Beck-Reit’s Previous Office Will Be Razed for Mixed-Use Development

Beck-Reit & Sons Construction performed a gut renovation at 2131 Theo between 2014-2016, an adaptive reuse project that turned the aging auto repair shop into a 5-unit creative office space with shared conference room, kitchen, and lobby. The finished project was managed by Beck-Reit Asset Management and leased by Beck-Reit Commercial Real Estate until 2020, when the developers came knocking with an offer we couldn’t refuse.

Ann Richards is my idol + 45th Governor of Texas. Shortly before I moved to the Capitol of Texas in 1993 Ann Richards had become the Governor of Texas. It is a big deal when any Woman reaches a Position Of Power, it is an enormously BIG DEAL when a Woman takes the most Powerful Seat in a Red State that has long been run by men.