Since the signing of the JOBS Act in 2012 and more specifically the changes to Regulation D, which previously restricted the direct solicitation of investors, crowdfunding platforms for commercial real estate have seen tremendous growth.

The initial passing of the JOBS Act in 2012 allowed for direct solicitation but limited it to accredited investors. Accredited investor meaning any person with an annual income of $200,000.00 a year for the past two years, or an individual’s net worth exceeding $1 million dollars, excluding their primary residence.

The Tax Cut and Jobs Act that recently passed is the most sweeping tax reform since the Reagan administration. The legislation will impact everyone, some will reap more benefits than others.

On a range of points, commercial real estate will see positive benefits under the new law. Let’s review a few of the changes that have the potential to fuel commercial real estate.

Frisco, Texas-based Healthcare Highways, Inc. recently executed a lease for 13,008 SF at 14201 Wireless Way in northwest Oklahoma City. The healthcare company recently acquired several new contracts in Oklahoma to provide health plans to both private and public entities. Healthcare Highways was founded in 2010. Craig Tucker of Price Edwards & Company handled the transaction.

Park Place Apartments of Elk City Sells for $1,350,000

Price Edwards & Company was named Management Company of the Year at the 2017 Nova Awards, presented by the Apartment Association of Central Oklahoma.  The ceremony was held December 9th at the Embassy Suites in Norman, Oklahoma.  

With the notable exceptions of the few major size office buildings constructed or renovated in the last ten years or so, most of the large multi-tenant office buildings in Oklahoma City were constructed in the 1980s or earlier. Those buildings and many smaller ones were constructed before the passage of the Americans with Disabilities Act in 1990, or ADA as it is commonly referred to today.

Office Division

Office Market Experiences Third Quarter Slowdown

The 3rd Quarter Office Sales could be reflecting the slowdown in sales that have been anticipated by some market watchers. The quarter saw zero sales of buildings in excess of 25,000 square feet and 20 sales of buildings in the 3,000 to 25,000 square feet including four medical office buildings. This marks a significant retreat from the activity seen in the first two quarters of 2017.

Price Edwards' Retail Investment Team is proud to announce the sale of Academy Sports & Life Church Big Box Retail Center. Located at 7700 S. Walker Ave in Oklahoma City, the center consists of 105,920 SF and was sold at 100% occupancy with a stable rent roll. The property was recently renovated in 2015 and sold at a 9.16% CAP Rate. Paul Ravencraft, Phillip Mazaheri, CCIM and George Williams with Price Edwards & Company handled the transaction.

Historic Film Row Buildings Sold For $2,610,000

Whether you are buying, selling or leasing real estate it is one of the most important (and costly) decisions you will make for your business. Therefore, it is imperative to understand some of the language in your contract/ lease. The more understanding you have during negotiations, the less room there is for the unexpected. With that in mind here are some real estate terms that all clients should know and understand:

Triple Net Lease (NNN Lease)

Memorial Enterprises, LLC has purchased a 30,000 SF building at 525 W. Memorial Road in Oklahoma City. The seller was Hot Tubs, LLC.The property will become the future home of Amini's Galleria. Amini's will move from their present location on Northwest Expressway before the end of the year. Mark Patton of Price Edwards & Company handled the transaction.

MHoitt Melrose LLC Purchases Industrial Property off I-40