09.08.2020

For August, Price Edwards had a total sales value of $8,395,000 (with one undisclosed amount) and leased a total of 60,279 square feet. We are looking forward to a great September! 

 

Undisclosed Amount for a 24-Building Industrial Portfolio 

09.02.2020

When most people think of commercial real estate, their minds drift toward the properties they are most familiar. Typically, this ends up being office or retail establishments. They tend to overlook where the goods they use are made and shipped. It is very easy to box the industrial market as either manufacturing or distribution; in reality, the industrial market tends to be the most diverse in the different types of operations utilized within these spaces. So, what are the most common types of industrial property classifications?

 

08.25.2020

Price Edwards & Company – Tulsa is pleased to announce that it has been awarded the leasing and management assignment for a 1,100,000 +/- SF industrial portfolio recently purchased by DRA Advisors from Helmerich & Payne Properties. The August, 2020 transaction included six properties located in midtown Tulsa varying from flex/light industrial space to distribution/ warehouse space. The portfolio includes:

· Space Center 495,000 SF

· Space Center East 202,500 SF

· Tulsa Business Park 204,500 SF

· Tandem Busines Park 88,084 SF

08.24.2020

Overall investment sales volume was down prior to the pandemic.  Nonetheless, we are continuing to see pad site sales, net investment sales and some smaller center sales fueled by low interest rates and investors seeking returns in a difficult investment environment. However, overall market activity and larger project sales have been limited. The uncertainty both with regard to the viability of tenants and the unknown length of the pandemic have created a difficult environment for investors to navigate.

08.17.2020

With Covid-19 being the talk of 2020, I think it’s time to start talking about some positivity in our market today.  Since March, our world has been turned upside down, it’s almost hard to remember ‘normal’.  But what is normal? Well what one may consider to be normal might not be normal to others.

08.07.2020

For July of 2020, Price Edwards & Company had a total of 28 transactions. We had a total sales volume of $2,475,000 and we leased a total of 62,167 SF. We are thankful for the transactions we completed in July and are excited to see what August holds.

A few of our highlighted transactions are below:

$1,350,000 for 6,262 SF of Office Space 

07.31.2020

Not another blog about Covid!  Although I wrote about the potential uncertainty about the Covid induced economic crisis back in March, I am revisiting it in a different context this time.

It seems that everything you hear about today is Covid.  While there are plenty of things going on in the Multifamily world right now, it seems like we should at least touch on the topic of Covid (again), as it is here and has been with us maybe longer than we expected. 

07.22.2020

Prior to the pandemic, there was a feeling that we had finally made it through the worst part of the retail apocalypse. In the OKC metro, we were seeing 8.7% vacancy in centers over 25,000 square feet at the end of last year and we had a few new retailers open that were big wins for OKC (Home Goods, Costco, REI, Chisholm Creek restaurants, etc). For urban OKC, larger project development had slowed and it had allowed many of the existing vacancies to be filled.

07.14.2020

Never in modern history have we been in the middle of a global pandemic, social upheaval caused by a racial awakening, an energy bust, and a divisive Presidential election all at the same time.  And while the pandemic is the biggest problem for retail, the effects of the downturn in our energy sector shouldn’t be underestimated.

07.06.2020

For June of 2020, Price Edwards & Company had a total of 29 transactions. We had a total sales volume of $4,394,000 and we leased a total of 58,852 SF. We are thankful for this past month of transactions and are looking forward to what all July brings! Please see a few of our highlighted transactions below!

$2,365,000 for 100-Unit Apartment Complex