Posts
All Comments
Retail Buyer:
· $5-$6M Acquisition
· Geography: Austin MSA (Georgetown to Kyle)
· Multi-Tenant Preferred
· Cap Rate: Market- prefer 5.5% or better
· Stabilized or Light Value Add
· Well Qualified Local Client
Jim Young, CCIM, Broker
512-565-7509
For Sale - Cotton Bowl Speedway
This offering is an operating race track just east of Austin/Bastrop Texas. The site regularly draws 5,000+ race attendees, and comes complete with the business, sponsor income and more.
Please contact me for additional details.
Go to www.longbowre.com for more information about the company and current listings.
Click here to subscribe to my mailing list.
Jim Young, CCIM
512.565.7509
Jim@LongbowRE.com
7 Commercial Lots for Sale
Click here to view the flyer
This site boasts easy access to and from I-35 and Interstate frontage visibility. The location is in the immediate vicinity of GolfSmith, Braker Lane, I-35 & minutes to Domain.
Please contact me for additional details.
Go to www.longbowre.com for more information about the company and current listings.
Click here if you would like to be added to my mailing list
Jim Young, CCIM
512.565.7509
Jim@LongbowRE.com
Potential Hotel Site for Sale
This site is located at I-35 and Grand Avenue Parkway, and is in the immediate vicinity of major employers Dell, GM's Data Center, and a variety of retail at La Frontera.
Site improvements already in place such as wells, irrigation, concrete entry aprons, detention and more. The Construction & OPEX Savings Unique to this site equate to $7.26/SF.
Size 2.7 acres
Zoning: General Commercial Services "CS" (Austin)
161,000 Vehicles Per Day on I-35
Please contact me for additional details.
Go to www.longbowre.com for more information about the company and current listings.
Click here if you would like to subscribe to my mailing list.
Jim Young, CCIM
512.565.7509
Space available at 2015 East Riverside. This retail shopping center is just minutes from Town Lake and Downtown Austin. Other tenants include EMO's, The Academy of Hair Design, and Taco More.
SPACE FEATURES:
Please contact me for additional details.
Go to www.longbowre.com for more information about the company and current listings
Jim Young, CCIM
512.565.7509
Great Article from ESE Partner’s Brady Beckham:
Eye Sore or Economic Opportunity?
Economic Benefits of Brownfields Redevelopment
Since the industrial revolution, more and more land has been contaminated, abandoned, perceived as unusable. Many developers and investors tend to avoid such properties that are perceived as environmental liabilities. In reality, these environmentally-impaired properties are often diamonds in the rough and can be developed to return a greater financial and social gain than ever thought possible for the investor and the community.
What is a “Brownsfield?”
The Environmental Protection Agency (EPA) defines a brownfield as " real property, the expansion, redevelopment, or reuse of which may be complicated by the presence or potential presence of a hazardous substance, pollutant, or contaminant.” A brownsfield may include former power plants, terminals, gas stations, landfills, oilfields, industrial sites and other potentially contaminated abandoned properties.
So how do I turn brownfields into greenbacks?
Through the process of environmental science and engineering, brownfields redevelopment continues to serve as a lucrative investment strategy to the real estate market. For instance, ESE served as the Project Manager and Engineer for the brownfields reclamation of a former Power Plant located in Texas. With cost-effective measures and a rapid response time, the power plant property was quickly restored in order to construct a master planned mixed use community. This transformation ultimately created an eco-friendly community asset, as well as a new tax revenue for the city.
So the next time you’re driving and notice a seemingly blighted piece of property, don’t write it off
just yet. That property could be THE next retail development center, and YOUR next revenue stream.
ESE is committed to recycling the land and revitalizing our cities and neighborhoods, making the unusable, usable. We enable our clients to realize unconsidered financial opportunity in real estate and deliver investments associated with environmentally impaired properties. We'll increase the value of your property and deliver new development options through environmental risk management and engineering.
Brady Beckham at ESE Partners has over a decade of experience in the environmental industry. As a born and raised Austinite he knows the growth first hand of Central Texas. He is very committed to the ins and outs of the commercial real estate process and committed to serving you and your clients. For more on Brady Beckham and ESE Partners, please contact, (512) 470-5590, brady@esepartners.com
Jim Young, CCIM, Broker
West Point ‘94
Twitter: @jimyoungCRE
512-565-7509
Buyer Criteria: Hotel Developer
· Geography: Higher end locations in AustinMSA for Hilton, Marriot, Holiday Inn Express (higher end flags)
· Size: Typical 2.5 acres, but some flexibility
· Visibility Preferred Unless at Major Retail Center (like Trails at 620)
· Price: Typically $12-$16/sf, but higher if location is high demand
· Action: Local Buyers who can visit site within 48 hours and move quickly
Jim Young, CCIM, Broker
West Point ‘94
11701 Bee Caves Road, Ste 250
Austin, TX 78738
Twitter: @jimyoungCRE
512-565-7509
-Closed 66,000 SF Retail Center: ABJ Article-
Great information from Bob Roberts, of Gracy Title regarding the Austin home market.
Jim Young, CCIM, Broker
West Point ‘94
11701 Bee Caves Road, Ste 250
Austin, TX 78738
Twitter: @jimyoungCRE
512-565-7509
****
Any surprise that Austin is NUMERO UNO?
Millennials today make up the largest population cohort ever recorded in U.S., with an estimated 83 million in the 18 to 34 year old range. While many industry observers note that Millennials are not becoming homebuyers as did past generations, they also need to consider than their largest age group within Millennials is 24 years old, then 23 and 25. The National Association of Realtors® reported that the median age of 1st time homebuyers is 31, thus the lack of Millennial homeowners thus far is normal since as a group they, still are shy of the age at which most people buy a property for the first time.
Millennials are having a material impact in many markets across the country, however. To examine where that is happening, The National Association of Realtors® (NAR) completed an analysis of the top 100 metro areas. Factors in their analysis included:
· Percent of Millennials in Total Population (2014)
· Percent of Millennials Movers to All Movers (2014)
· Employment Growth March 2014 to March 2015
· Medium Household Income of Millennial Movers
· Qualifying Income of First-Time Homebuyers
· Millennial Movers Homeownership Rate (2014)
· Change of Homeownership Rate of Millennials Movers 2013 to 2014
So what are the best markets for Millennial homebuyers based on NAR’s metrics?
To read NAR’s finding click http://realtormag.realtor.org/daily-news/2016/06/03/10-best-markets-for-millennials
To view the attributes and metrics on Millennial Housing in the top 100 U.S. markets click http://narnewsline.blogs.realtor.org/files/2016/06/Millennial-Markets-Analysis-of-100-Metro-Areas-2.pdf
Millennials do have homeownership as a goal – just give them time to reach an age that is more typical among first-time homebuyers.
Kudos to NAR for this study.
Bob Roberts Senior Vice President |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
