Oklahoma

Medallion Group Breaks Ground on 34,000 SF Retail Project in Oklahoma City

by Taylor Williams April 27, 2023

OKLAHOMA CITY — Locally based developer The Medallion Group has broken ground on The Stacks, a 34,000-square-foot retail project in Oklahoma City. The site is located just east of Garth Brooks Boulevard on NW 10th Street. Tenants that have already committed to the development include Mediterranean restaurant Cava, fast-casual eatery Pickleman’s and locally based food-and-beverage concept The Surf Bar. Additional retail and medical users will be announced later this year. The Stacks is scheduled to open in the first half of 2024.

April 27, 2023

Acquisitions Industrial Office Oklahoma Texas

SkyWalker Property Partners Sells 20,160 SF Industrial Flex Facility in Tulsa

by Taylor Williams April 27, 2023

TULSA, OKLA. — An affiliate of Dallas-based SkyWalker Property Partners has sold a 20,160-square-foot industrial flex facility in Tulsa. The building at 3717 S. Sheridan Road sits on 1.7 acres and was vacant at the time of sale. Michael Schnake and Ward Seibert of Oil Capital Commercial Real Estate Services represented SkyWalker in the transaction. The buyer, local sign maker manufacturer Gravley Holdings LLC, was self-represented.

April 27, 2023

Acquisitions Multifamily Oklahoma Seniors Housing Texas

TMG Arranges Sale of 124-Unit Independent Living Community in Tulsa

by Taylor Williams April 5, 2023

TULSA, OKLA. — Dallas-based brokerage firm The Multifamily Group (TMG) has arranged the sale of The Broadmoor Retirement Community, a 124-unit independent living facility in Tulsa. Built in 1986, the age-restricted property features studio, one- and two-bedroom units with an average size of 510 square feet. Casey Litsey and C.J. Swanson of TMG represented the seller, and Paul Yazbeck of TMG procured the buyer. Both parties requested anonymity.

April 5, 2023

Acquisitions Multifamily Oklahoma Seniors Housing Texas

Marcus & Millichap Brokers Sale of 60-Bed Seniors Housing Property in Shawnee, Oklahoma

by Taylor Williams March 30, 2023

SHAWNEE, OKLA. — Marcus & Millichap has brokered the sale of Belfair of Shawnee, a 60-bed seniors housing property located on the eastern outskirts of Oklahoma City. The 31,000-square-foot property was built in 2013 and offers memory care services. Rod Llanos of Marcus & Millichap represented the seller and procured the buyer, both of which were limited liability companies that requested anonymity, in the transaction. Steve Greer of Marcus & Millichap assisted in closing the deal as the broker of record .

March 30, 2023

Acquisitions Civic Oklahoma Texas

Copper Tree Acquires Historic Price Tower Building in Bartlesville, Oklahoma

by Taylor Williams March 27, 2023

BARTLESVILLE, OKLA. — Locally based investment firm Copper Tree Inc. has acquired Price Tower, a historic building in Bartlesville, about 45 miles north of Tulsa. Designed by Frank Lloyd Wright, the 19-story building was originally constructed in 1956 as the headquarters for H.C. Price, a manufacturer of pipelines and machinery for the oil and gas industry. Copper Tree plans to implement a capital improvement program to restore the building’s infrastructure and reposition it as a lifestyle hub.

March 27, 2023

Build-to-Rent Development Oklahoma Single-Family Rental Texas

MMCC Arranges $14.7M in Equity for Build-to-Rent Community Near Tulsa

by Taylor Williams February 22, 2023

BIXBY, OKLA. — Marcus & Millichap Capital Corp. (MMCC) has arranged $14.7 million in joint venture equity for a 161-unit, build-to-rent residential community in Bixby, a southern suburb of Tulsa. The development will offer one-bed duplexes and two-, three- and four-bedroom farmhouse-style homes. Residences will feature private garages and backyards, and communal amenities will include a pool, fitness center and a clubhouse. Justin Shuart and Travis Headapohl of MMCC structured the equity on behalf of the developer, a partnership led by ACRE Development Partners.

February 22, 2023

Development Oklahoma Retail Texas

Mohr Capital to Develop 50,000 SF Retail Project in Tulsa

by Taylor Williams February 20, 2023

TULSA, OKLA. — Dallas-based Mohr Capital has acquired 20 acres at the corner of 71st and Elwood streets in Tulsa for the development of a 50,000-square-foot retail project that will be branded Tulsa Marketplace. Outdoor apparel and equipment retailer REI will anchor the center with a specialty, build-to-suit store, and Mohr Capital will target five national credit tenants to round out the roster. Completion is slated for spring 2024.

February 20, 2023

Development Hospitality Oklahoma Texas

Gatehouse Capital to Develop 132-Room Hilton-Branded Hotel in Oklahoma City

by Taylor Williams February 16, 2023

OKLAHOMA CITY — Dallas-based Gatehouse Capital will develop a 132-room hotel with OAK, a 20-acre mixed-use project in Oklahoma City by Veritas Development. The property will be branded as the Lively Hotel, which is part of the Hilton family of brands. Amenities will include a pool, onsite restaurant, rooftop bar, fitness center, 2,600 square feet of meeting and event space and 13,500 square feet of retail space. Nelson Worldwide is the project architect, and Vincit Constructors is the general contractor. Valor Bank provided construction financing. Sitework is underway, and construction is expected to last about 24 months.

February 16, 2023

Development Multifamily Oklahoma Texas

Tradewind, ERC Holdings Underway on 150-Unit Multifamily Project in Oklahoma City

by Taylor Williams January 31, 2023

OKLAHOMA CITY — A partnership between Houston-based developer Tradewind Properties and Arkansas-based ERC Holdings is underway on construction of PURE OKC, a 150-unit multifamily project in Oklahoma City. Located within the 24-acre Brookstone Village master-planned development on the city’s southwest side, PURE OKC will offer one- and two-bedroom units that will be housed across four three-story buildings. Courtyard Block & Building is designing the project, and Pick-It Construction Inc. is serving as the general contractor. Greystar will manage the property. The first units are expected to be available for occupancy this fall.

January 31, 2023

Affordable Housing Development Multifamily Oklahoma Texas

TWG to Develop $47M Affordable Housing Project in Oklahoma City

by Taylor Williams January 30, 2023

OKLAHOMA CITY — Indianapolis-based multifamily developer TWG will build Fairground Flats, a $47 million affordable housing project in Oklahoma City. The six-building, 216-unit complex will house one-, two- and three-bedroom units that will be reserved for households earning 60 percent or less of the area median income. Amenities will include a pool, fitness center, playground and a clubhouse with a computer lab. The Oklahoma Housing Finance Agency provided a $33.6 million tax-exempt bond for the project. Construction is slated for an early 2024 completion.

January 30, 2023

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