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 

07.22.2020

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

06.15.2020

The last 3 months have obviously been difficult on the retail industry due to forced closures of all segments of the industry through the Covid-19 pandemic.  As the dusts starts to settle and retail tries to work its way out of the fog, it is clear that changes will be made on all fronts.  This entire experience will force retailers to really focus on their customer service more than ever as more people are becoming comfortable with online and delivery services for their consumer needs. 

 

05.29.2020

Price Edwards and Company has been awarded the management of roughly 60 strip center locations owned by 7-Eleven, Inc. Based in Dallas, TX, the retail operator purchased the 7-11 stores and adjoining strip center locations from the Brown family in February, 2020. The Brown family had self-managed the properties during its several decades of ownership; 7-Eleven, Inc. outsources the property management function for its assets across the United States. The strip centers contain 100+ tenants adjoining the 7-11’s.

 

04.21.2020

The essence of retail has always been figuring out what people want and delivering it to them the way they want it.   Through history, this has led to creativity and innovation by retailers.....and they've gotten darned good at it.   From the outside, you see stores closing -  the perceived negative side of this process, but then consumers get the benefit of new concepts, better service, multiple purchasing channels and all kinds of delivery methods.   This process is what makes retail the most exciting form of real estate.

 

04.09.2020

First quarter sales totaled $13.1 million and 244,723 square feet.    These transactions were primarily smallish neighborhood and strip centers with the exception of Mayfair Village.  Mercer Street Holdings ONE, LLC had originally purchased the loan on the property and acquired direct ownership in November 2018 by foreclosure.   After acquiring, they sold off two pad sites, CVS & Aldi, then packaged the remaining property to sell to a developer for repositioning.   Mayfair Village has a long and storied history in northwest Oklahoma City, sitting at the south end of the cit

03.25.2020

Needless to say, these are unprecedented times.   The national shutdown is probably the most disruptive event of my lifetime.   The uncertainty about the length is part of what makes is incredibly difficult to make plans, particularly for real estate.