Haley Clemons Joins Crunkleton Team As Marketing Coordinator!

Hello, everyone.

haley_webYesterday marked my first day as the new Marketing Coordinator with Crunkleton Commercial Real Estate Group. I’m very excited to continue the work that the talented Kadie Pangburn has completed during her years here. She has carried the Crunkleton brand and mission to all avenues of communication, and I couldn’t be more thrilled to build upon her efforts.

In the past, I have developed and executed marketing and public relations strategies for a variety of clients including technology, law, nonprofit, and retail. I’ve spent time in agency and in-house marketing settings where I’ve connected with clients and customers through social media, blogging, graphic design, in-depth articles, and media relations. I’m delighted to bring my expertise to the accomplished team at Crunkleton.

Please continue to visit the blog every Tuesday for updates; I’ll be bringing you posts that cover trends in the commercial real estate industry, company news, Huntsville happenings, and much more.

Remember, you can reach out to me with any questions, comments, or ideas that you’d like to see covered here. You can contact me at haley@crunkletonassociates.com, or connect with us on Facebook, LinkedIn, Twitter and Instagram.

I’ll see you next Tuesday!

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HALEY CLEMONS
MARKETING COORDINATOR
CRUNKLETON COMMERCIAL REAL ESTATE GROUP
HALEY@CRUNKLETONASSOCIATES.COM

Coming Soon to Huntsville: Wingstop and Wayback Burgers!

While many know the Waddell Plaza retail development on University drive as home to Mei Wei, Smoothie King, and Jersey Mike’s, Huntsville residents will soon have two new eateries to enjoy at the center: Wingstop and Wayback Burgers!

Located across the street from the Target anchored Westside Centre shopping center at the intersection of University Drive and Waddell Dr. NW, their new home at Waddell Plaza will mark the first location in the Huntsville area for both companies.

Wingstop, which first opened for business in 1994 as a small buffalo-style chicken wing restaurant in Garland, Texas has since grown to having more that 1,000 restaurants across the United States, Mexico, Singapore, the Philippines, Indonesia and the United Arab Emerates. The eatery specializes in fresh never faked wings, hand-cut seasoned fries and sides. With flavors ranging from Mango Habanero, to Hawaiian, Louisiana Rub and Garlic Parmesan, the company prides itself on being in the business of flavor.

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Wayback Burgers, now famous for their Triple Triple burger (which contains a staggering 9 patties, 9 slices of American cheese, lettuce and tomato), was first opened as Jake’s Hamburgers in Newark, Delaware in 1991. Featuring burgers made from 100% ground beef, hand-dipped milkshakes and signature hotdogs, Wayback Burgers has built a reputation for doing things “the-way-they-used-to-be” and have become known and loved for their Burger of the Month and Milkshakes of the month, serving fun combinations such as their Ruben burger and Buffalo Mac and Cheese Burger and milkshake flavors such as Mango and Orange Creamsicle.

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Both stores are set to open at the Waddell Plaza development later this year.

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KADIE PANGBURN
MARKETING COORDINATOR
CRUNKLETON Commercial Real EState Group
KADIE@CRUNKLETONASSOCIATES.COM

The Trend Report: Emerging 2017 Insights

While just a mere month into 2017, there are already a few emerging trends that savvy commercial real estate investors are taking notice of according to the 2017 Emerging Trends in Real Estate report recently released by the Urban Land Institute and PWC. After reading the report for ourselves, here are our top six emerging trends to watch out for in 2017!

Demographic Shifts

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We’ve gone into great length previously on the impact that the rising number of Millennials and Baby Boomers entering and exiting the work force is forecasted to have on the commercial real estate market, and the crossover point where more Baby Boomers are retiring than Millennials entering the labor force is now upon us. Boomers are retiring at a rate of approximately 10,000 per day and America’s population of persons over the age of 90 has almost tripled since 1980. This, combined with the fact that many younger (millennial) households are falling behind, has left older and younger households competing for housing in many of the same places, indicating that Multi-Family developments with evolving amenities will continue to stay a strong investment.

Urbanization / Densification

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This trend, which has been steadily growing over the least several years, seems to have no indication of slowing down any time soon as walkability, extensive live/work/play opportunities and alternative transportation options continue to draw people of all ages into the urban core. Developers are also continuing to follow this trend, preferring to invest in creating high-density mixed-used centers that provide a mixture of luxury living spaces, retail, work, parks, gathering and entertainment spaces. Even the suburbs are feeling the pressure to become more “urban”.

The Suburbs Aren’t Dead

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While urbanization is still a hot trend moving into 2017, it’s important to note that most suburban communities are still flourishing despite the fanfare of the urban movement. In fact, in America’s 50 largest (and most urbanized) metropolitan areas, suburbs account for 79 percent of the population and (despite popular and media perception) 75 percent of the 25-35 year old population. So while many are feeling the pressure of the urbanization trend, it’s important to note that our nation’s suburbs are still poised to maintain their relevance and predominance.

The Rise Of The “Surban” Neighborhoods

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As we just stated, the suburbs are far from dead. However, the market is beginning to see a trend toward the urbanization of existing suburban neighborhoods and new developments that are shifting their focus to provide greater density, diversity, walkability and transit accessibility. This trend is due in large to the Millennial preferences for these qualities, which studies have found they find equally attractive in the suburbs as they do in the densest urban core. This has seen more and more retail stores transforming their spaces into locations that sell experiences, rather than goods and more developments combining housing and retail to satisfy consumer demand for places that offer convenient, car-free shopping.

Forward Looking Strategies

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One trend that has become glaringly apparent as we move into 2017 is a push toward investors and property owners utilization of forward-looking strategies. Whether it be opting for the build-out of dynamically configurable office spaces that can easily be transformed to suit a variety of tenants or the conversion of class B and C shopping centers into last mile distribution centers to help e-retailers tackle the holy grail of same day delivery, investors are looking forward to the future and taking drastic steps to breathe new life into outdated spaces that are rapidly trending towards functional obsolescence. It seems that while often viewed as a “disrupter” for real estate, e-commerce is gradually emerging with a symbiotic relationship beyond the first clicks-and-bricks rapprochement.

Labor Shortages

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As labor shortages in the construction industry continue to rise across the US, demographic projections are indicating that the issue will only intensify over the coming years. As of April 2016, there were over 200,000 unfilled job openings in the building and construction industry. More young people than ever are seeking higher education and therefore remaining out of the workforce longer at the same time that the Baby Boomer generation is slowly leaving the labor force creating a significant shortage of skilled laborers. These shortages are poised to not only reduce the number of projects undertaken by developers (some are already hypothesizing that this may have been a key factor in preventing over building in 2016) and delay the timing of these projects, but may also drive up the cost of new development. This, in turn, may see a push towards developers opting for projects that target the luxury end of the market in order to help cover costs.

screen-shot-2017-02-07-at-10-09-10-am“One thing is coming through loud and clear from the Emerging Trends interviews: you can find opportunities in any of the markets in this year’s survey, whether the market is number-one Austin or number-78 Buffalo. It all comes down to your strategy, risk tolerance, return requirements, and access to deals. If the markets are the squares on the chessboard and the property sectors the pieces, then there is an almost infinite combination of moves that can be made.”

To read the rest of the Urban Land Institutes report on Emerging Trends in Real Estate for yourself, click HERE.

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KADIE PANGBURN
MARKETING COORDINATOR
CRUNKLETON Commercial Real EState Group
KADIE@CRUNKLETONASSOCIATES.COM

Let The Battle Of The Food Truck All-Stars Begin!

1483721641597While the overwhelmingly popular Downtown Huntsville Street Food Gathering brand has been retired for 2017, Downtown Huntsville is excited to welcome a new and exciting food-centric event in its place: The Battle of the Food Truck All-Stars!

Curious how it will work?  Here’s what we know:

In just a few days, on February 9th at 6pm, the owners of 23 food trucks will gather at Yellowhammer Brewing and have 5 minutes each to present on their menu, branding, customer service and design to a panel of expert judges.

Judges for the event will include: Chefs Leonardo Maurelli III (Executive Chef of the Hotel at Auburn University) and James Boyce (Boyce Restaurant Concepts) and marketing gurus Trent Willis (Founder & CEO of Red Brick Strategies) and Lisa van der Reijden (Principal, VDR Designs).

After deliberating, the judges will select 10 food trucks to move on to the final round, and then YOU THE PEOPLE will vote for 2 more via an online poll that will open in February!

The final 12 Food Truck All-Stars will then compete twice a month from May – October at various times and locations around Downtown Huntsville to see who will be named Champion!

Here’s the current list of food trucks that will be competing for one of the final 12 spots:

Washington Square Catering
Local J’s
Sno~Depot
Rollin Lobstah
Huntsville Alabama MaggieMoo’s
Cafe on Wheels Neon Lilly
Kudzu Cafe
Dales Stuft
Sweet Temptations LLC
Tha food truck
Angel’s Island Coffee
Grumpy’s Restaurant
Beast Mode
Badd Newz BBQ
Pearl: Asian Cuisine
I Love Bacon Food Truck
Fire & Spice
TIM’S CAJUN KITCHEN
Earth and Stone Wood Fired Pizza
Betty Jo’s Gourmet Food Truck
Comin In Hot Food Trailer & Catering
Back Alley Traveling Bistro
Manic Organic Food Truck

To join in the selection event, support your Downtown Huntsville food trucks and learn more about what to expect in 2017, be sure to come out to Yellowhammer Brewing, Thursday February 9th from 6-9pm!

The event is free and open to the public. Guests are welcome to watch the presentations that are being judged and will be able  to purchase food from Earth and Stone Fired Pizza during the event and, of course, beer can be purchased from Yellowhammer Brewing.

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Make sure you’re staying on top of the latest trends, newest developments and hottest new stores in Huntsville by subscribing to our weekly blog updates!

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KADIE PANGBURN
MARKETING COORDINATOR
CRUNKLETON Commercial Real EState Group
KADIE@CRUNKLETONASSOCIATES.COM