10.09.2020
For September, Price Edwards had a total sales value of $4,008,640 and leased a total of 106,585 square feet. We are excited to see what October has in store!  $900,000 for 4,160 SF Office Suite in City Place  The space is located on the 20th floor of City Place and will be the new location of Commercial Oklahoma Real Estate. Cordell Brown handled the transaction.
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  G&I X Tulsa Industrial Portfolio, LLC purchased a 24-building, 1,064,811 square foot portfolio in Tulsa, Oklahoma from Helmerich & Payne Properties for an undisclosed amount. The Portfolio is comprised of six distribution/light industrial properties strategically located in the southeastern corridor of Tulsa within two of Tulsa's strongest industrial markets. The Tulsa industrial portfolio offers a variety of unique leasing opportunities available for small, medium, and large size businesses at very competitive rates.  PEC Tulsa has been awarded the leasing and property management assignment and will be working with the new owner on many upgrades to the properties that include exterior painting, monument signage, landscaping, and parking lot projects. Tanda Francis was part of the brokerage team on the transaction.
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. 

07.06.2020

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

05.21.2020

The successful reopening of apartment communities is critical not only to making things start to feel like normal but also to putting the economy back on track. For that to happen, apartment professionals need a plan that will allow things to slowly open up with minimal risk but let things get back to business as usual. Due to the board array of properties, a one-size-fits-all approach to planning the reopening is highly discouraged. Companies are encouraged to take the suggested operating models and footprints then adapt them to their needs based on their size and use.

01.09.2020

As multifamily brokers, we consistently hear from buyers searching for value-add properties.  However, increasingly, we are beginning to hear discouragement there are no more value-add deals to be found.  The per unit prices in Tulsa and Oklahoma City are accelerating into all-time highs; currently they are in the low $60,000 per unit range.  While this escalation of prices may seem discouraging at first, prospective buyers need to realize that there are still opportunities to be found.

07.18.2019

Pam Billings honored with award at national summit

A Price Edwards employee will be honored this weekend for her service to others at the Annual Lung Cancer Advocacy Summit in the nation's capital.  Pam Billings, Property Manager at the Douglass and the Douglass Next Door, is a lung cancer survivor, and along with three other women, she created Oklahoma's only lung cancer survivor support group.  

"We're so proud of Pam, and her selfless efforts," says Becky Sesock, Price Edwards Senior Vice President of the Multifamily division.  

06.18.2019

I have a lot of conversations about apartments every day. Within minutes of a conversation, it is easy to spot who knows what they are talking about and who does not. Knowing what to say and understanding the vernacular is part of the process. These are words or phrases that I often say and realize that not everybody knows what I am talking about. In an effort to create the universal translator for apartment investing, the following are phrases that you will often hear and their explanation.