REBusinessOnline

Elkhorn Capital Acquires 92-Unit Quail Plaza Apartments in Oklahoma City

OKLAHOMA CITY — Dallas-based Elkhorn Capital Partners has acquired Quail Plaza Apartments, a 92-unit multifamily community in Oklahoma City. According to Apartments.com, the property features one- and two-bedroom units and amenities such as a pool, fitness center, playground, game room and bike storage area. The seller and sales price were not

Acquisitions, Multifamily, Oklahoma, Texas

Gantry Arranges $86.5M in Financing for Seven-Property Multifamily Portfolio in Arizona, Oklahoma

TUCSON, ARIZ., AND OKLAHOMA CITY, OKLA. — Gantry has secured $86.5 million in refinancing for a seven-property multifamily property in Arizona and Oklahoma. Patrick Barkley, Chad Metzger and Kevin Valenzuela of Gantry represented the borrower, BWL Properties, in the transaction. Wells Fargo arranged the 10-year Fannie Mae loans with five years of interest-only payments.Totaling 1,601 units, the seven apartment communities were built between 1972 and

Arizona, Loans, Multifamily, Oklahoma, Western

Hines Breaks Ground on 326-Unit Multifamily Project in Oklahoma City’s Nichols Hills Area

OKLAHOMA CITY — Hines, in partnership with Humphreys Capital, has broken ground on a 326-unit luxury multifamily project within the Classen Curve development in the Nichols Hills submarket of Oklahoma City. The community will offer one, two- and three-bedroom units and amenities such as a pool, fitness center, clubroom, library, dog run and outdoor courtyards. Dwell Design Studio is the project architect. The first units are expected to be available for occupancy in early

Development, Multifamily, Oklahoma, Texas

Monmouth Acquires New Industrial Property Leased to Amazon in Oklahoma City for $15.2M

OKLAHOMA CITY — New Jersey-based Monmouth Real Estate Investment Corp. has acquired a 120,780-square-foot industrial building at 6101 SW 44th St. in Oklahoma City for $15.2 million. The property is situated on 22 acres and is net-leased to Amazon.com Services LLC for 10 years. According to LoopNet Inc., the property was built in 2019 and features 30- to 32-foot clear heights and a 5 percent office finish. The seller was not

Acquisitions, Industrial, Oklahoma, Texas

Carnegie Capital Arranges $11.5M Refinancing Loan for Skilled Nursing Portfolio in Oklahoma

OKLAHOMA — Carnegie Capital has arranged an $11.5 million loan for the refinancing for three skilled nursing facilities totaling 330 licensed beds in southern-central Oklahoma. The borrower is a local owner-operator, and the lender is an Arkansas-based regional bank. J.D. Stettin of Carnegie Capital arranged the loan, which features a fixed 3.99 percent interest rate for five years. The names of the facilities were not

Loans, Multifamily, Oklahoma, Seniors Housing, Texas

Timberland Partners Buys 248-Unit Encore Memorial Apartments Near Tulsa

BIXBY, OKLA. — Minneapolis-based investment firm Timberland Partners has purchased Encore Memorial, a 248-unit apartment community located in the southern Tulsa suburb of Bixby. Built in 2012, the property offers one-, two- and three-bedroom units. Amenities include a business center, resident clubhouse, pool, fitness center, playground and a volleyball court. Timberland Partners acquired the asset through its $100 million TPAF VII Fund. The seller was not

Acquisitions, Multifamily, Oklahoma, Texas

Far North Oklahoma City Retail Market Hits Its Stride

By Stuart Graham, Senior Vice President, CBRE; Mark Inman, Senior Vice President, CBRE; and Kendra Roberts, Associate, CBRE The Oklahoma City retail market has had a growing and changing landscape over the past few years as the sector’s healthy fundamentals continue to draw both local and national investors. Although much of the growth has been focused on the downtown Oklahoma City area, we are beginning to see a new hotspot emerge in the Far North neighborhoods.[caption …

Market Reports, Oklahoma, Retail, Texas, Texas Market Reports

Halliburton Lays Off 350 Workers in Oklahoma Amid Falling Oil Prices

DUNCAN, OKLA. — Houston-based oilfield services firm Halliburton Co. will lay off approximately 350 employees at its facility in Duncan, according to reports from several news outlets including The Houston Chronicle and Reuters. The Chronicle reports that the move was revealed via a filing with the Oklahoma Office of Workforce Development, and that the company has independently confirmed plans to reduce its workforce as oil prices continue to suffer. Several weeks ago in mid-March, …

Company News, Oklahoma, Texas

Marcus & Millichap Brokers $3.9M Sale of Fox Valley Apartments in Lawton, Oklahoma

LAWTON, OKLA. — Marcus & Millichap has brokered the $3.9 million sale of Fox Valley Apartments, a 120-unit multifamily community in Lawton, located in southwestern Oklahoma. The property was built on six acres in 1980 and offers 108 two-bedroom units and 12 three-bedroom units. Derek Wilson of Marcus & Millichap represented the undisclosed seller and procured a limited liability company as the

Acquisitions, Multifamily, Oklahoma, Texas

HarborChase Opens New Seniors Housing Community in Oklahoma City

OKLAHOMA CITY — Developer HarborChase has completed HarborChase of South Oklahoma City, an upscale seniors housing community. The property offers assisted living and memory care services, as well as respite stays. Amenities include a full-service bistro, exhibition kitchen, bar and cocktail lounge, fitness and wellness center and a fine dining restaurant. Residents have already begun moving into the

Development, Multifamily, Oklahoma, Seniors Housing, Texas
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