The Douglass at Page Woodson, an apartment community managed by Price Edwards & Company, was recently selected as one of three winners of the 2018 Driehaus Preservation Award. These prestigious awards are given annually following a juried competition and presented to historic preservation efforts that provide a positive impact on their communities and demonstrate an excellence in execution.
Oklahoma City Office Market Sees Solid Activity in Second Quarter
Cordell Brown, CCIM - Office Specialist
Retail is never boring. In the age of click-bait, the headlines would have you believe retail is dying or at least mortally wounded. Over 8,000 stores closed this year, over 300 firms declared bankruptcy. Millennials aren’t spending money on ‘things’; everyone is shopping online, Amazon is unstoppable.
To a large degree, the commercial real estate industry is being shaped by shifting market conditions and changes in consumer behaviors. Some of the most significant consumer behavior changes are directly related to technology advances.
Since the signing of the JOBS Act in 2012 and more specifically the changes to Regulation D, which previously restricted the direct solicitation of investors, crowdfunding platforms for commercial real estate have seen tremendous growth.
The initial passing of the JOBS Act in 2012 allowed for direct solicitation but limited it to accredited investors. Accredited investor meaning any person with an annual income of $200,000.00 a year for the past two years, or an individual’s net worth exceeding $1 million dollars, excluding their primary residence.