Although notable for being the first bookstore to reenter the downtown Oklahoma City market for decades, Commonplace Books is also breaking new ground on how they have used the concept of a pop-up shop to grow their business while in the process of opening their permanent location down the street.
Craig Tucker & Cordell Brown of Price Edwards & Company completed the sale of the historic First National Center to NE CS First National, LP for $23 million. Buyer principals Gary Brooks and Charlie Nicholas plan to convert the one million square foot art deco building into a luxury mixed-use project that will include upscale apartments, a luxury hotel, first floor retail and restaurants.
Eide Bailly Leases 20,000 SF at The Heritage
Regional accounting firm, Eide Bailly, recently executed a lease for 19,874 square feet at The Heritage in downtown Oklahoma City. The firm was founded in 1917 in Fargo, North Dakota and has 29 offices in 13 states in the West and Midwest regions of the country. Eide Bailly joins Saxum Communications and Heritage Trust Company as the first office tenants in the building. The firm was founded in 1917 in Fargo, North Dakota and has 29 offices in 13 states in the West and Midwest regions of the country.
(pictured above, Madison Square of Norman)
How important are relationships when dealing with real estate or just everyday life?
Do we take for granted the relationships we have already established in our business or do we still treat our clients as if it were the first time we gained their business?
With gratitude to our clients, Price Edwards & Company would like to share some of the highlighed transactions of 2016.
Occasionally buyers of industrial properties ask, "Why do I need to pay for a survey of the property and for title insurance?" In today’s economic climate, investment in a proper survey and title insurance coverage is a vital aspect of real estate ownership.
Triple net, net, gross, modified gross, and full service are all terms that can be used to describe a commercial real estate lease. As you enter the marketplace, it is imperative to know what kind of lease you are signing as this will explain to what level you are responsible for the operating expenses of a commercial building.
For many new businesses, negotiating a lease can be an overwhelming but very important task. Not only will your space be the first exposure to most of your customers, but will be a long-term fixed expense for your business. By following these tips your business will be set up for success for years to come.