Oklahoma

Knightvest Management Acquires 682-Unit Multifamily Community in Tulsa

by Taylor Williams October 19, 2017

TULSA, OKLA. — Knightvest Management, a Dallas-based multifamily investment and management firm, has acquired Waterside, a 682-unit apartment community located at 1703 S. Jackson Ave. W in Tulsa. The property includes a combination of one- and two-bedroom units and amenities such as a fitness center, business center, resort-style pool and convenient access to nearby jogging and biking trails. The company is planning a multimillion-dollar renovation to the property’s interior and exterior. The seller and sales price were not disclosed.

October 19, 2017

Hospitality Oklahoma Texas

Hilton Opens 99-Room Home2 Suites Hotel in Metro Oklahoma City

by Taylor Williams October 3, 2017

MIDWEST CITY, OKLA. — Hilton Worldwide has opened Home2 Suites by Hilton OKC Midwest City Tinker AFB, a 99-room hotel located in Midwest City, an eastern suburb of Oklahoma City. Amenities include a combined fitness and laundry area, 1,000 square feet of meeting space and an indoor pool. The property is located at 1820 Center Drive near Tinker Air Force Base, Rose State College and Will Rogers World Airport.

October 3, 2017

Oklahoma Retail Texas

Marcus & Millichap Brokers Sale of 17,925 SF Retail Power Center in Moore, Oklahoma

by John Nelson September 14, 2017

MOORE, OKLA. — Marcus & Millichap has brokered the sale of The Shops at Moore, a 17,925-square-foot retail power center located at the corner of 19th Street and Interstate 35 in Moore, a suburb of Oklahoma City. The center was 100 percent leased at the time of sale to national and regional tenants. Nearby retailers include Office Depot, Hobby Lobby, AT&T and Best Buy. Lisa Estrada of Marcus & Millichap represented the seller, a Fort Worth-based limited liability company. First National Bank of Oklahoma provided financing for the acquisition. The name of the buyer and the sales price were not disclosed.

September 14, 2017

Oklahoma Retail Texas

CBRE Brokers $4.1M Sale of 162,396 SF Shopping Center in Tulsa

by John Nelson August 25, 2017

TULSA, OKLA. — CBRE has brokered the $4.1 million sale of Town West Shopping Center, a 162,396-square-foot retail development located at the intersection of South 49th West Avenue and West Skelly Drive in Tulsa. The property was 93 percent leased at the time of sale to tenants such as Big Lots, Dollar General and Harbor Freight Tools. Austin-based Freestar Investments LLC purchased the property from Tulsa-based Case & Associates. Jason Little and Justin Brannon of CBRE represented the seller in the transaction.

August 25, 2017

Oklahoma Retail Texas

GBT Realty Completes $20M Retail Center in Bartlesville, Oklahoma

by Taylor Williams August 18, 2017

BARTLESVILLE, OKLA. — GBT Realty Corp. has completed Silver Lake Village, a $20 million, 85,000-square-foot retail center in Bartlesville, about 45 miles north of Tulsa. The shopping center is currently leased to tenants such as Ulta Beauty, Ross Dress for Less, T.J. Maxx and Rack Room Shoes. Approximately 5,500 square feet of space and three once-acre outparcels of space are currently available for lease.

August 18, 2017

Multifamily Oklahoma Student Housing Texas Top Stories

Joint Venture Breaks Ground on $194M Mixed-Use Project at University of Oklahoma

by Kristin Harlow July 21, 2017

NORMAN, OKLA. — A joint venture between Balfour Beatty Campus Solutions LLC and Provident Resources Group (PRG) has broken ground on the first phase of a $194 million mixed-use project at the University of Oklahoma in Norman. The development will expand the university’s on-campus living options for upperclassmen as part of a public-private partnership. Located on more than 10 acres in the southern part of OU’s campus, the project will include four mid-rise buildings with 1,231 beds. Plans also call for 40,000 square feet of retail and academic space, as well as a 1,000-car parking garage. Construction of the project is slated for completion in August 2018 in preparation for the 2018-2019 academic year. OU and Balfour Beatty Communities will jointly operate and manage the housing component of the development. JE Dunn Construction is leading the project’s design/build team, in collaboration with Clark Nexsen and Oklahoma City-based Studio Architecture. RBC Capital Markets is the financial underwriter for the project. Balfour Beatty Campus Solutions provides development, asset/property management and other real estate services to higher education with a focus on public-private partnerships. PRG is a national non-profit organization that develops, owns and operates educational, healthcare, seniors housing and multifamily properties. To …

July 21, 2017

Loans Multifamily Oklahoma Texas

BMC Capital Secures $2M Acquisition Loan for 80-Unit Multifamily Property in Moore, Oklahoma

by Taylor Williams July 11, 2017

MOORE, OKLA. — BMC Capital has secured a $2 million loan for the acquisition of an 80-unit multifamily property in Moore, a southern suburb of Oklahoma City. Clayton Wells of BMC arranged the 10-year loan, which features a 4.1 percent interest rate, and 30-year amortization schedule, on behalf of the undisclosed borrower.

July 11, 2017

Industrial Oklahoma Texas

Sealy & Co. Acquires 17-Building, 1.2 MSF Industrial Park in Oklahoma City

by Taylor Williams July 10, 2017

OKLAHOMA CITY — Sealy & Co., a Louisiana-based industrial investment firm, has acquired a 17-building, 1.2 million-square-foot industrial park in Oklahoma City. The transaction comes as part of the company’s acquisition of an undisclosed, private REIT. The buildings are situated in Oklahoma City’s Southwest submarket near Will Rogers World Airport and Interstates 44 and 40.

July 10, 2017

Multifamily Oklahoma Texas

ARA Newmark Closes $60.5M Sale of Oklahoma’s Largest Apartment Community

by Taylor Williams June 28, 2017

OKLAHOMA CITY — ARA Newmark has closed the $60.5 million sale of Brookwood Village, a 1,128-unit apartment community located at 9401 S. Shartel Drive in Oklahoma City. The property, which was 94 percent occupied at the time of sale, is the largest apartment community in the state. Built in 1970 and renovated in 2015 and 2016, the garden-style property features nine pools, six tennis courts and a 20-acre park. Tim McKay, David Burnett, Brandon Lamb and Justin Wilson of ARA Newmark represented the seller, Tulsa-based Brookwood Village Apartments LLC. Washington state-based Weidner Apartment Homes purchased the property

June 28, 2017

Healthcare Oklahoma Texas

CBRE Brokers Sale of 54,970 SF Hospital in Greater Oklahoma City

by Taylor Williams June 7, 2017

SAYRE, OKLA. — CBRE has brokered the sale of Sayre Memorial Hospital, a 54,960-square-foot medical facility located at 911 Hospital Drive near Interstate 40 in the Oklahoma City metro of Sayre. Daniel Morris of CBRE and Allen McMurty of Cushman & Wakefield represented the seller, Sayre Memorial Hospital Authority, in the transaction. Healthcare Properties Transaction Group of Oklahoma LLC purchased the property for an undisclosed price.

June 7, 2017

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