Beck-Reit Development - 2131 Theo Sells! A 6-year Investment Pays Off

6 years ago, Beck-Reit sold one of our mixed-use propertys in East Austin and did a 1031 exchange into 2 properties. 1 was a Ferrari Repair Shop on Theo Dr. off Airport Blvd near The Mueller Development. Our full redevelopment transformed the space into 5 unique creative office spaces with a shared kitchen common area and conference room. Now, just 6 years later, the property has been picked up by Cumby Development as the last piece of a new multi-family development getting ready to break ground.

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Austin Studio Tour Takes Over the Otto! Denise Prince exhibits her, "Toward a New Freedom" Photo Series

We are thrilled to announce that our flagship redevelopment, The Otto at 1201 E Cesar Chavez, is currently hosting an exhibit for this year’s Austin Studio Tour! Given the pandemic, the 2020 Austin Studio Tour will consist of creative and mostly outdoor self-guided tours of public art. The two-week celebration features over 420 Austin-based artists and collectives presenting between November 14th and 22nd.

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Coronavirus Tenant Relief Recommendations : How Beck-Reit is handling the Crisis

By now it’s no secret that COVID-19 is necessitating lease amendments right and left. As both a property manager and owner in Austin, and with over 30 tenants in our portfolio, COVID-19 has ushered in an era of nonstop negotiation for Beck-Reit Asset Management. By now, we’ve seen a variety of rent abatement, rent deferral and lease amendment structures proposed, and a few agreements signed. In light of the last 2 month of negotiations, we present some recommendations for tenants seeking relief below.

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