The Texas Triangle Podcast Ep. 14: Office Leasing + Pickelball

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!

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Tripe Net (NNN) Rent Explained

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.

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Celebrate MLK Day the Austin Way!

Once again, the Austin Area Heritage Council has organized the annual Martin Luther King Day Celebration and activities. The Annual Community March is a celebration of Dr. King and his legacy while promoting the importance of multiculturalism and diversity within Austin. This year’s celebration includes the march, the community festival, and a food drive.

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Austin Women Trailblazers

Bisnow is honoring Austin’s most influential trailblazers - Top-level women executives and industry powerhouses who influence the way commercial real estate is done in ATX. Read the article full of quotes by our Founder DeLea Becker : “Building The Plane While Flying It”: Women In Austin CRE Are Soaring

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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.

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Real Estate Market Niche Show Featuring DeLea Becker

If you have not already, you should check out the Real Estate Market Niche Show, hosted by Benjamin S. Kogut. The podcast features real estate powerhouses innovating the real estate industry across all relevant niches. Benjamin allows these professionals to give insight into their journey in real estate and through their expertise and experience, extend valuable information to listeners. Wednesday, August 17, 2022, our very own DeLea Becker will be featured on the Real Estate Market Niche Show. You won’t want to miss this episode and some insightful gems on the commercial real estate industry from the “Queen of East Austin”.

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1031 Diary II: Boost Mobile, 4403 W. Commerce

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.

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