Thursday, July 10, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Oklahoma

Dream-Aspen-Creek-Broken-Arrow
LoansMultifamilyOklahomaTexas

Thorofare Capital Funds $23M Loan for Refinancing of Multifamily Property Near Tulsa

by Taylor Williams

BROKEN ARROW, OKLA. — Los Angeles-based Thorofare Capital has funded a $23 million loan for the refinancing of Dream Aspen Creek, a 240-unit multifamily property in Broken Arrow, located just east of Tulsa. Built in 2018, the property features 17 residential buildings that house one- and two-bedroom units on a 12.2-acre site. Amenities include a pool, clubhouse, fitness center, dog run, outdoor grilling and dining stations and package lockers. David Perlman, Jacob Yi and Jason Campbell of Thorofare Capital originated the fixed-rate loan on behalf of the borrower, an affiliate of Florida-based DLP Capital.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsOklahomaRetailTexas

Marcus & Millichap Arranges $3.9M Sale of Tulsa Retail Building Leased to Walgreens

by Taylor Williams

TULSA, OKLA. — Marcus & Millichap has arranged the $3.9 million sale of a 14,490-square-foot retail building in Tulsa that is leased to Walgreens. The building was originally constructed in 2002. Joe Sparano, Dan Yozwiak and Darpan Patel of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction. Steve Greer of Marcus & Millichap assisted in closing the deal as the broker of record.

Continue Reading
FacebookTwitterLinkedinEmail
36N-Tulsa
DevelopmentMultifamilyOklahomaTexas

Pennrose, THA to Develop $190M Affordable Housing Project in Tulsa

by Taylor Williams

TULSA, OKLA. — A public-private partnership between Pennrose and the Tulsa Housing Authority (THA) will develop 36N, a $190 million, 545-unit mixed-income residential project. The partnership will redevelop the existing 271-unit Comanche Park Apartments and construct an additional 274 units from the ground up as part of a larger revitalization initiative known as Envision Comanche. The development will also feature single-family homes and a mix of commercial and civic uses, including a grocery store, urban farm and a wilderness area. Vertical construction for Phase I of 36N will begin later this summer, with full completion slated for 2028.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMultifamilyOklahomaTexas

MMCC Arranges $6.7M Loan for Refinancing of Multifamily Property in Harrah, Oklahoma

by Taylor Williams

HARRAH, OKLA. — Marcus & Millichap Capital Corp. (MMCC) has arranged a $6.7 million loan for the refinancing of Prairie Breeze Townhomes, a 56-unit multifamily property in Harrah, an eastern suburb of Oklahoma City. The property was built in 2013 and consists entirely of three-bedroom units. Robert Bhat of MMCC originated the financing. The direct lender and borrower were not disclosed. The loan carries 12 months of interest-only payments and a 30-year amortization schedule.

Continue Reading
FacebookTwitterLinkedinEmail
HospitalityLoansOklahomaTexas

Largo Capital Arranges $10M in Financing for West Texas, Oklahoma City Hotels

by Taylor Williams

BROWNWOOD, TEXAS AND OKLAHOMA CITY — Largo Capital, a financial intermediary based in Upstate New York, has arranged $10 million in financing for a pair of hotels in Texas and Oklahoma. The undisclosed borrower used the proceeds to refinance a 71-room La Quinta Inn & Suites in Brownwood, about 150 miles southwest of Fort Worth, and to acquire a 72-room Hampton Inn hotel in Oklahoma City. Katie Vivian of Largo Capital placed the fixed-rate, nonrecourse debt through an undisclosed direct lender.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsHealthcareOklahomaRetailTexas

Marcus & Millichap Arranges $4.7M Sale of Two Urgent Care Clinics in Oklahoma

by Taylor Williams

ELK CITY AND ENID, OKLA. — Marcus & Millichap has arranged the sale of two retail properties that are net leased to urgent care clinics in Oklahoma for a combined price of $4.7 million. The facilities, both of which are operated by Xpress Wellness, are located in Elk City and Enid, about 100 miles west and north of Oklahoma City, respectively. Dominic Sulo and Benjamin Bach of Marcus & Millichap represented the seller and procured the buyer, both of which were undisclosed limited liability companies, in the transactions.

Continue Reading
FacebookTwitterLinkedinEmail
Campus-Lodge-Norman
AcquisitionsMultifamilyOklahomaStudent HousingTexas

Marcus & Millichap Brokers Sale of 192-Unit Student Housing Property Near University of Oklahoma

by Taylor Williams

NORMAN, OKLA. — Marcus & Millichap has brokered the sale of Campus Lodge, a 192-unit student housing property located about two miles from the University of Oklahoma campus in Norman. Built in 2004, Campus Lodge comprises 19 buildings that house 768 beds in three- and four-bedroom layouts. Amenities include a pool, sand volleyball court, basketball court, outdoor grilling and dining stations and a coffee bar. Patrick Mullowney and Joel Dumes of Marcus & Millichap represented the seller, The Collier Cos., in the transaction. The duo also procured the buyer, Denver-based investment firm Cardinal Group. Campus Lodge was 97 percent occupied at the time of sale.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentHealthcareOklahomaTexas

Bremner Real Estate Breaks Ground on 48,000 SF Healthcare Project in Norman, Oklahoma

by Taylor Williams

NORMAN, OKLA. — Indianapolis-based developer Bremner Real Estate has broken ground on the Oklahoma University Health Stephenson Cancer Center at Norman Regional, 48,000-square-foot healthcare project that will be located just south of Oklahoma City. The facility, which will serve patients from Norman Regional Health System and OU Health, will feature an underground tunnel connection to the main hospital, 24 infusion bays, exam rooms and physician office spaces. Completion is slated for 2025.

Continue Reading
FacebookTwitterLinkedinEmail
BancFirst-Tower-Oklahoma-City
DevelopmentOfficeOklahomaTexas

BancFirst Completes Renovation of 507,038 SF Office Building in Oklahoma City

by Taylor Williams

OKLAHOMA CITY — BancFirst has completed the renovation of its namesake tower in downtown Oklahoma City. Located at 1000 N. Broadway, BancFirst Tower is a 36-story, 507,038-square-foot building that was originally constructed in 1971. Renovations included modernizing the exterior public plaza and amenity spaces, including the lobby and underground concourse. Bockus Payne served as the architect of the project, which began in 2020. Other project partners included Wallace Engineering, Alvine Engineering and Smith Roberts Baldischwiler.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityOklahomaRestaurantRetailTexas

Veritas Adds Three New Retailers at Oklahoma City Mixed-Use Development

by Taylor Williams

OKLAHOMA CITY — Veritas Development has added three new retailers to the tenant roster at OAK, a 20-acre mixed-use project in Oklahoma City. Kitchenware and home furnishings retailer Williams Sonoma will open a 5,500-square-foot store. Tommy Bahama Marlin Bar will open an 8,000-square-foot restaurant and bar, and Pottery Barn has committed to a 12,420-square-foot space. The retailers, which join tenants such as Mesero, RH, Arhaus and Capital Grille, all plan to debut in fall 2024.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts