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.  

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.

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.

 

06.06.2019

When presented a commercial lease, you will often hear the phrase “boilerplate language.” The first few pages of the lease agreement generally contain the relevant business terms, and the back 2/3’s of the document contain many words, phrases, and acronyms that take your mind to the evening meal, golf course or another place of respite. After pouring the third cup of coffee trying to stay focused, the term “boilerplate” comes to mind, and you rationalize there is no need to read this part. This would be a common mistake.

05.16.2019

Multifamily investing has many different shapes and sizes. For the most part, this class of real estate asset breaks down into the following categories: market rate apartments, senior living, student housing, affordable housing, and sometimes mobile homes. There are even subsets of these classifications, but for our discussions here we will stick to market rate apartments.  

05.14.2019

Are you looking to lease office space but don't know where to begin? Here are some essential tips.

I’m often asked from prospective tenants what the process looks like to lease office space. Although there has been a slew of changes in my over 30 years working as a leasing agent, there are still four main pillars that are essential to most property leasing transactions.

Give Yourself Ample Time

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. 

04.08.2019

While smart technology has been available to consumers since 1998, it has only more recently worked its way into the Industrial real estate sector. Building automation technology is cutting edge, but it's not brand new. A decade ago, what passed for a “smart” building focused on HVAC, single buildings, and solutions that lowered operating costs. But the value now has increased, in part because of advances in sensor technology that contribute to the Internet of Things.

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.