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.

 

03.18.2020

News is out that Costco has plans to open its second location in Moore, Oklahoma with construction set to begin in the fall of 2020. You would think the Moore residents would be thrilled about the idea of having a Costco, as I know I love having them here. When I lived in California some time ago I remember how impressed I was with its layout, wide array of healthy food choices, the experiences I had with customer service, and the aesthetics itself just made you feel like your membership was definitely worth the cost of a whopping $60 per year!

03.09.2020

When I was in kindergarten my mother dropped me off outside of the school with a warm “I love you…now go make friends” and as the tears weld up in my eyes as I looked at the vast sea of 5 year-olds crowded around the building, I began my journey as an introvert in an extroverted world. The fear of social situations has been a challenge that I’ve only recently started to appreciate. 

11.21.2019

Retail is changing – you are seeing smaller store footprints, the lure of discounters, the optimizing of the relationship between stores and digital, the rise of fitness and health as main-line retail, entertainment and, one of my favorite retail buzzwords, experiential retail. You can’t read an article about the future of retail without talking about this experiential revolution.

10.01.2019

Many people have wondered whether or not online shopping would affect the retail market.  Some might say this is accurate, while others will say it helps land specific retailers to open up more locations.  This past year Mizzen+Main opened its first Oklahoma store in Oklahoma City, located in Classen Curve.  

07.22.2019

How will the future of retail impact Amazon's growth?  We all know that Sears is dying; it’s been dying for the last 25 years. Will Amazon go the way of Sears? People tend to forget how big Sears was in its day. In the ’60s, '70s & ’80s, Sears was dominant in a way Amazon could only hope to be dominant. Those of us over 50 years old all shopped there and most likely ordered our back to school clothes from the Sears catalog. Sears, founded in Chicago in 1893 (yes, 1893!), was well-situated to continue its dominance at the start of the internet era.

07.02.2019

RECon, the International Council of Shopping Centers’ (ICSC) annual real estate convention, was held a few weeks ago in Las Vegas. The conference saw more than 30,000 attendees including retailers, brokers, and developers. My key takeaways from this year’s conference include:

What types of retail tenants are thriving in our market? Fitness, Food, Fun, and Fashion Discounters.

04.16.2019

As with the recent opening of the large and luxurious Lifetime Fitness at Quail Springs, the highly anticipated opening of Oklahoma City’s Costco will have a significant impact on the sales of other retailers throughout the  Oklahoma City metropolitan area. 

Of course, Sam’s Club is likely to take the most significant hit, but because of the number of Sam’s Clubs in the metro, they will be able to absorb the anticipated sales reduction. 

03.26.2019

Are you a first-time tenant wondering how the leasing process works? Click here to see our tips for a low-stress leasing process.

As an agent for office & retail spaces, I get asked about the leasing process often. I have drafted the guide below to help first-time tenants navigate that process more confidently.

 

 

03.20.2019

Price Edwards and Company was honored at the Commercial Real Estate Council Conference on February 28, hosted by the Journal Record.  Brokers with Price Edwards received four out of the eight available "Transaction of the Year" Awards for the industry, including Office Sale Transaction of the Year, Office Lease Transaction of the Year, Retail Investment Sale Transaction of the Year, and Retail Lease Transaction of the Year.