In this episode, we talk with Marty Cleckler, MAI, Managing Director of WestMark Commercial in Lubbock, TX about what he's seeing within his market, how Texas Tech impacts their commercial real estate market, and how it compares to other markets throughout the U.S.
Today we talk with Marty Cleckler, MAI, Managing Director of WestMark Commercial in Lubbock, TX about what he's seeing within his market, how Texas Tech impacts their commercial real estate market, and how it compares to other markets throughout the U.S. In this episode, Marty discusses each sector, how Lubbock has developed into an economic and healthcare hub to the region as well as what he see's in the years ahead.
Key Discussion Points
[00:17] Welcome and introduction by Eric Odum
[00:32] About our guest, Marty Cleckler
[01:26] How did you end up with WestMark Commercial? And what's your background?
[02:46] What was the driver behind you joining TCN?
[03:41] What are the drivers in your market, and what makes it different?
[06:20] Give us a high level overview of what you're seeing in each of the major asset classes
[08:37] For new construction, what are you seeing for industrial rates range?
[09:10] What are you seeing in retail?
[12:35] What makes your market unique? And what are the highlights?
[15:47] Tell us about your latest significant deal with Metro Tower
[17:30] How would you talk to agnostic investors about the best opportunities in your market?
[18:30] Where do you see your market headed?
[19:49] What makes your firm stand out in the market?
[20:47] How can folks get in contact with you?
Marty Cleckler, MAI
Managing Director of WestMark Commercial/TCN Worldwide
Multifamily Investment Sales
Multifamily Land Development
TCN Worldwide | WestMark Commercial / WestMark Farm & Ranch / WMCbid.com, Managing Director, April 2013 – Present
Heath Property Advisors, Owner, March 2014 - Present
Valbridge Property Advisors (Blosser Appraisal), Senior Appraiser, October 2009 – March 2014
Lonestar Commercial, Owner/Partner, July 2003 – September 2009
Texas Tech University Rawls College of Business, Lecturer Real Estate Development (FIN 4336), January 1998 – December 1999
Westar Commercial Realty, Manager, August 1996 – March 2000
Coldwell Banker Commercial, Retail Specialist, August 1995 – August 1996
Real Estate Research Corporation, Appraiser, May 1993 - August 1995
Rags to Riches Real Estate Secrets, Reached Amazon Kindle's #1 in Real Estate and #10 in Non Fiction categories in 6 months.
LICENSES & MEMBERSHIPS
Certified General Appraiser No. TX—1380173-G
Real Estate Broker No. TX—0421600
Member ICSC, International Council of Shopping Centers
MAI Member, Appraisal Institute
REAL ESTATE EDUCATION
Bachelor of Business Administration in Economics, Texas Tech University
Master of Land Economics and Real Estate, Texas A&M University
Marty can be reached at 949-438-3575 or via email at firstname.lastname@example.org.