Mar 13

Ultimate Guide to Austin’s Best Food Trucks!

foodtrucks

Across the nation food trucks are playing a role in multi-million dollar commercial real estate investments. Austin has over 1,000 food trucks operating daily and space is becoming harder and harder to find. Rent can range from $500 to $1,500 a month per truck and many lots have waiting lists. This presents a great opportunity for commercial property owners to open up some of their vacant land or lots to food truck owners.

Austin is a foodies dream and it’s world famous food trucks are not to be missed.  When you find yourself on the hunt for some amazing food, track down one of these local food trucks and you can thank me later:

  • Micklethwait Craft Meats
    1309 Rosewood Avenue Austin, TX 78702
    You’re in Texas, so you need some great BBQ and this is hands down some of the best barbecue you could have and yes, it’s out of a food truck.
  • Biscuits and Groovy
    5015 Duval Street Austin, TX 78751
    If it’s breakfast you are searching for you’ll find it  this disco-themed truck serving biscuits and gravy. The Gloria Gaynor is an indulgent dish of fluffy biscuits smothered in white gravy, sausage, bacon, melted cheese, and scallions. There are several options for vegans and vegetarians, too!
  • Garbo’s Lobster Truck
    Check the website for daily location of their trucks.
    This is the best lobster roll outside of Maine.  If you want your lobster chilled, go with the classic “Maine Style,”  lobster + mayo + roll.  Want it warm? Choose “CT style,” replacing the mayo with drawn butter.
  • Way South Philly
    East 6th & Waller St, Austin TX
    Dishing out authentic philly cheesesteaks, italian sausage & tots served fresh from “The Little Red Trailer.” You will be hard pressed to find a better sandwich around town!
  • Turf N Surf Po’ Boy
    4th and Congress, Austin, TX
    Cravin’ some Cajun? This is the place for you.  They serve local fresh food and specialize in seafood, beef, pork, and veggies.

 Now that you’re hooked on the best food trucks in town, how about investing in some commercial real estate in Austin? If you’re interested please e-mail me at bkastle@kastleman.com!

Jun 16

Spotlight: NB Housing Partners

Did you know that in America on any given night there are approximately 643,067 people experiencing homelessness? 238,110 of those people are in families; 25% suffer from mental illness including schizophrenia, bipolar disorder, and depression; 17% are considered chronically homeless; 13% are fleeing domestic violence; and 12% are veterans. You may think that homelessness is only in larger cities but it touches smaller cities like New Braunfels more than you may realize.

In New Braunfels a non-profit organization called Connections offers a secure alternative to the “streets” for homeless, abused, or at-risk youth. Another successful example of helping the homeless is Green Doors in Austin, Texas. They are a non-profit organization that owns and manages 28 properties throughout Austin. They are serving more than 300 residents annually, which includes managing 50 rental assistance vouchers for low income households in Travis, Williamson and Burnet Counties. Through these opportunities Green Doors is able to serve a variety of people struggling with poverty and homelessness, including veterans, persons with disabilities, and single parent families.

In February 2013 a group of locals formed NB Housing Partners: a non-profit set out to build the first transitional living shelter for the homeless right here in New Braunfels. The organization hopes to provide short term housing solutions to both individuals and families who may be facing a housing crisis. Key directors of this organization include Kellie Stallings from the before mentioned Connections Individual and Family Services and seasoned real estate professional Bryan Kastleman. If you are interested in assisting in the efforts of the NB Housing Partners or know someone needing transitional housing please e-mail bkastle@kastleman.com.

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*Stats courtesy of www.greendoors.org.

 

May 15

Smaller Deals Gaining Big Momentum

According to the most recent Co-Star Commercial Repeat Sale Indices (CCRSI) that was published last month (April 2014) we are seeing the pricing for low-end properties gaining momentum. In fact smaller commercial real estate deals in secondary and tertiary markets saw their strongest annual gain this past February with a 15.7% jump. It appears both large and small investors alike are shifting their focus to lower quality, smaller commercial properties in non-prime markets.

 Although slight, the recent upswing of the economy might be the culprit in the low-end pricing momentum. Simply put, job creation is finally filling all those commercial vacancies we’ve been staring at for the past year or so.  These smaller markets are still feeling the pressure credit-wise; that combined with the rising rent trend makes now a good time for investors without credit barriers to invest in multi-family properties.

 One has to wonder though, the impact that having a few large investors buy up an entire smaller market will have. Back in 2012 we saw a similar trend in Southern California and in Nevada. Hedge fund investors owned at one time in Las Vegas 25% of all their real estate. While this tactic manipulated the market to report a peak, it didn’t last long. Writer Gary Anderson warns that such situations can “ruin” the real estate market in the long run, and that it is actually middle-class investors who can best compete in the multi-family housing market.

At Kastleman & Associates we happen to specialize in buying multi-family properties, mobile home and RV parks, and vacation rental properties throughout Texas. If you are a seller or broker and would like to discuss a potential property acquisition please contact me at bkastle@kastleman.com.commercial real estate blog bryan kastleman

Nov 19

Texas Mobile Home Parks On The Rise

With the acquisition, rehabilitation, and now management of the Hill Country RV Resort & Cottage Rentals community, Bryan Kastleman made a significant positive impact on the New Braunfels, Texas area. In addition, Kastleman & Associates, Inc. has assumed ownership and management of the Tejas Mobile Plaza in Austin. A 93 site mobile home community, this mobile home plaza offers lots for RVs as well as mobile home units and is conveniently located off of Highway 71 East.

Tejas Mobile Plaza in Austin managed by Bryan Kastleman

Tejas Mobile Plaza in Austin managed by Bryan Kastleman

The Tejas Mobile Plaza marks the fourth on the list of RV Parks and Mobile Home Communities owned and operated by Bryan Kastleman and his staff. By investing in the Austin community as well as the surrounding areas, the real estate company improves the value of not only the properties themselves but the city as well. Bryan Kastleman’s goal is to invest in and rehabilitate Texas RV & mobile home parks and other multi-family properties in order to increase their value, safety, and resident satisfaction.

Due to economic challenges, mobile home parks, multi-family dwellings, and other similar living situations are on the rise. Individuals and families see the advantages to living in a community setting with (often free) amenities and a lower rent than can be found elsewhere. Kastleman & Associates, Inc. works hard to create safe, welcoming communities for these families who may never have considered living in a mobile home or RV park before.

Cottages at the Hill Country RV Resort - Bryan Kastleman, Texas

Cottages at the Hill Country RV Resort – Bryan Kastleman, Texas

While it’s hard to know what the future holds, it’s clear that mobile home communities are here to stay. Thanks to Bryan Kastleman, they’re more friendly, safe, and inclusive than ever before. Stay tuned for more updates on improvements at the Tejas Mobile Plaza in Austin and other properties managed by Kastleman & Associates, Inc.

Oct 28

Bryan Kastleman Leads Innovation in Austin

Bryan Kastleman and Kastleman & Associates, Inc. are excited to announce progress and innovation at Hill Country RV Resort & Cottage Rentals!

Upon the acquisition of the RV and Cottage community, Bryan was determined to create a unique, luxury experience unlike any other park in Texas. Located in New Braunfels, Texas, the RV Resort features new and upgraded amenities and community events, created and sponsored by his company, as well as over 60 vacation rental cottages.

Bryan Kastleman Austin, Texas and Hill Country RV Resort and Cottage Rentals

Bryan Kastleman Austin, Texas and Hill Country RV Resort and Cottage Rentals

With visitor and resident satisfaction at an all-time high, Kastleman couldn’t be more pleased at the progress and innovation that has taken place since the company assumed ownership of the property. The goal of this property is to offer a luxury experience to residents and visitors that is truly like no other RV park in Texas. From the upgraded FREE Wi-fi to the two well-maintained, heated pools, to the laundry facility, the acquisition has been a benefit to long-time residents of the resort as well as newcomers and visitors on holiday.

In addition to adding special features and making overall upgrades, Bryan Kastleman did away with additional surcharges to use recreational facilities at Hill Country RV Resort & Cottage Rentals. What used to cost residents and guests an extra few dollars to use, is now free. These features include the sand volleyball pit and Game Room which holds a Nintendo Wii, Playstation 3, and XBox 360, among others.

Above all else, Bryan Kastleman and the Kastleman & Associates, Inc. team is devoted to managing and improving the resort with style, finesse, and the utmost in resident and visitor satisfaction. From overall community maintenance and safety to the little amenities and features that you simply can’t find anywhere else, the organization strives to maintain resident satisfaction and safety while in and around Hill Country.

To stay up-to-date on the goings-on at Hill Country, please visit the Hill Country RV Resort & Cottage Rentals Blog, updated often!