East Austin is Makin' News & We Love Talkin' About it!
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!
Beck-Reit is seeking 1031 Exchange Property up to $1 Million
Searching in San Antonio, Austin, DFW, Houston and everywhere in between - #TexasTriangle
Looking for up to $1 million
Office / Industrial / Retail
Please send over any and all options! delea@beckreit.com & office@beckreit.com
Less than 3% of Commercial Real Estate is Owned and Managed by Women
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.
Beck-Reit is BUYING! Send Us Your Listings!
Feasibility is about to expire on the sale of our fully-leased, 20,000sqft Warehouse in Creedmoor, TX, which means we've got nearly $2M cash to place in a safe NNN investment.
We're willing to go up to $4M for the right property... send us a winner and we'll show you the money!!
Purchase Requirement:
NNN Lease, Long Term Lease (5 year +)
Strong Tenant (Community Oriented, Recession Proof Industry, Solid FInancials
New Construction (2015-Present)
Austin/San Antonio/Dallas/Houston Location
Read our latest BLOG POST to get the full scoop on our risky warehouse play, how we turned the opportunity into a BIG SUCCESS, and how we plan to #protectthegain given our history of 1031 Exchanges.
Congratulations to Dick Clark & Associates - 2120 E 7th St Wins Austin Business Journal 2021 CRE Award for BEST OFFICE REHAB!
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.
DeLea Becker -Texas Realtors Webinar : Austin Market Update
Texas REALTORS® Global and Commercial hosted a May 2019 webinar: Doing Business in Texas -The Austin Market. DeLea Becker, owner of Beck-Reit Commercial Real Estate LLC, gave an overview of the Austin CRE market, and explained how Austin fits into the Texas landscape. The webinar is recored for viewing if you missed the live event.
Beck-Reit Welcomes New Broker, Tania Lingor CCIM!
Beck-Reit Commercial is pleased to announce Tania Lingor as the newest addition to our commercial real estate brokerage team.
Primo Cesar Chavez Retail/Office Property Nearly Complete and Available
Jan Buchholz of ATX Real Estate News writes an update on 1201 E Cesar Chavez’s construction, as well as some history of the project. Click to read further.
DeLea Becker Wins NAR National Commercial Award
Real estate broker and multiple business owner recognized for service-- DeLea Becker receives NAR National Commercial Award!
Tax Code Update and it's Impact on Commercial Real Estate
As a Commercial Real Estate Broker I am often asked for guidance on decisions my clients are making. No matter the transaction size we want our clients as educated as possible on legal and tax implications.
Negotiating a Commercial Lease
For any business renting space, a commercial lease is one of the most important documents in the filing cabinet, sharing company with bank documents, proof of insurance, and yet-to-be-paid invoices. Because it defines the legal relationship between landlord and tenant, a commercial lease will, in many ways, provide physical context for a business inhabiting the space while shaping opportunities for growth throughout the contract term.
Buying Commercial Real Estate: The Process
So you’ve heard the gossip and realized that the talking heads are right, that commercial real estate is the best long-term investment out there. But now that you’ve decided commercial real estate is the right investment for you, how do you break into the market?
V. Bruce Evans CCIM ~Joins the Beck-Reit Commercial Team
Broker and Agent V. Bruce Evans has joined the Beck-Reit Commercial team as an agent, analyst, and, more specifically, as our Buyer's Specialist. V. Bruce is a man of many merits, all of which we are grateful for as Beck-Reit Commercial continues to grow, so it's important we give him a proper introduction to make his skills and knowledge known to our Clients & Community.