02.02.2010

The City of Oklahoma City’s revenue lifeblood is sales taxes, around 55 percent of its total revenues are derived from them. Retailers drive sales taxes.

It follows that the City would do all that it could to attract and nurture retailers, particularly since neighboring municipalities have conducted a successful campaign over the last 10 years to move Oklahoma City’s retailers to their markets. Moore and Edmond have been uniquely successful using a combination of monetary incentives and doggedness.

01.26.2010

Tom Fields, a 23 year veteran of the firm’s office leasing team, has completed two leases totaling approximately 47,000 square feet at the Five Corporate Plaza office building.

The building had been vacated by the Bureau of Indian Affairs leaving the building only 8% leased; these two transactions will bring occupancy to 100%. The Department of Homeland Security will occupy just under 17,000 square feet.

01.22.2010

The 20.2 acre Cornerstone Crossing at 106th and south Memorial site was recently sold by the Expert Companies to a group of local Tulsa investors led by Mike Sitton. Susan Brinkley with Price Edwards represented the seller in the transaction.

The sale did not include the adjacent parcels that are part of the development that are the future sites of a Lifetime Fitness and a Wyndam Hotel. The development was originally planned to be a high-end retail development as it sits in the heart of one of the best demographic areas of Oklahoma.

12.23.2009

Price Edwards & Company recently completed the renovation of the law offices of McAfee & Taft, Oklahoma City’s largest law firm. The approximate $3,000,000 construction project was performed in 16 phases over 20 months with all professional staff in place during the job.

10.28.2009

There are many frozen yogurt concepts popping up around Oklahoma but one thing is for certain… Orange Tree does it right!     Orange Tree is a self-serve frozen yogurt concept that has 24 different flavors and 45 toppings to choose from.  The store is open daily from 11:00 am to 11:00 pm and is located at 1808 W. Lindsey.

Not only can you go in and create your own masterpiece but also can enjoy free wifi and a spacious patio at this location.

Sooner Sense is accepted here.

10.22.2009

Multifamily buyers look for more product to come to market over the next year as struggling property owners unload assets.

Apartment deals aren’t for the fainthearted these days. Escalating costs amplified by unrealistic rent expectations are dragging some buyer’s bottom line down like anvils. So they sell, or foreclose.

Coming down the pike, expect more distressed sellers, some with the willingness, or need, to be creative in their financing. This coupled with low interest rates, gives anyone with money sitting on the sideline a great opportunity to buy.

10.20.2009

The Oklahoma City industrial market so far has had relatively few foreclosures, usually related to owner-occupant company bankruptcies. There have to date been no foreclosures of investor owned multi-tenant buildings. Vacancy has risen across both the entire industrial market and the multi-tenant market.

09.29.2009

Price Edwards & Company is pleased to offer Oklahoma’s largest shopping mall for sale.

It is a vailable for purchase for $24 million. The 941,745 square foot regional mall, located at the intersection of Interstate 35 and Interstate 240, covers 84 acres.

The offering includes the main mall; two anchor buildings; the AMC theater building; and the ground leases for the Fairfield Inn by Marriott, the Residence Inn by Marriott, and the Texas Roadhouse Restaurant. The mall may be purchased as one property or by parcel.