Our recent panel discussion on construction quality, led by DeLea Becker, emphasized the critical importance of maintaining high standards from the outset to avoid costly issues later. Experts Guy Dudley, Rommel Sulit, Collins Brunner, and Jeremy Smith shared insights on civil engineering, architectural perspectives, and the significant impact of insurance trends on construction practices. This comprehensive discussion provided invaluable advice for developers and contractors aiming to enhance construction quality and mitigate long-term risks.

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!

Commercial Real Estate Leasing is an insiders game. You have to know the market, property type, demand, owner and broker personalities and strategies. It is a cross between playing poker and 2 stepping- a lot of strategy.

For their debut episode, the Texas Triangle Podcast had the honor of gaining insight from esteemed Dr. Lloyd Potter, a Texas State demographer. Read more information and statistics shared at the 2024 Texas Demographic Conference.

Beck-Reit aims to delve into the unraveling saga of StoryBuilt, exploring the company's rise, fall, legal battles, and the implications for the communities it has under construction. With over 14 of the projects underway we can expect the impact to be felt and there will be many that benefit from the opportunity. But not thier customers they made promises to in an Austin Business Journal Article in 2022 “We then saw the opportunities to expand beyond just acquisition and development and homebuilding and make sure we were managing our customers and properties for life.”

Times are surely changing and there’s no place like Austin for retail. Driving across America, you may likely find some vacant retail strips or ghost towns with empty stores but definitely not in Austin! Austin is just the opposite of a typical US city, with a surprisingly lower retail vacancy since 2020. The capital of Texas now has the lowest retail vacancy rate for any city in the State of Texas and is also one of the lowest in the country.  Competition is fierce in major Retail Areas such as the Domain and other trendy shopping streets like South Congress, 2nd street Downtown, Burnet Rd, and East Austin. Properties command high rent and spaces have multiple businesses looking at each sight and competing with each other to be selected by the Landlord.

🎉 Excited and Honored to Win the "Queen of East Austin” Award! 🎉

I'm absolutely thrilled to share that I've been selected as the recipient of the Economic and Community Improvement 2023 Award by CREW Austin. This award holds a special place in my heart as it recognizes the incredible journey I've had in East Austin over the past 23 years.

DeLea Becker and Mark Vornberg met for the first time in 2017 for lunch at an old-school dinner in East Austin - Chu-Mikals. Excited to announce our first Partnership in a Commercial Real Estate Development together. 2422 East 7th - 50,000 SF Office and Retail Building in their beloved neighborhood - East Austin

Welcome to an exhilarating episode of The Texas Triangle, where we dive deep into the ever-evolving world of office spaces. Join our hosts as they explore innovative design concepts, community-building strategies, and the surprising connection between commercial real estate and the trendy sport of pickleball. Get ready for a journey that fuses work, creativity, and boundless possibilities!

Step into Sign Bar, the latest addition to East Austin's nightlife scene, and embark on a nostalgic journey through the city's rich history.

What is triple net rent or N-N-N? Triple net rent, or N-N-N rent, is a type of commercial lease agreement where the tenant is responsible for paying all the operating expenses of the property in addition to the Base Rent. The operating expenses include property taxes, insurance premiums, and maintenance fees. This means that the tenant is responsible for all the costs associated with the property’s operation and upkeep, and the landlord is only responsible for the structural components of the building. Triple net rent agreements are commonly used in commercial real estate leasing situations where landlords want to pass the property’s expenses on to tenants without having to manage those expenses themselves.

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.