Concentric Properties, LLC recently purchased 1.44 acres of land for $199,000 at NW 146th & Santa Fe from Jo & Sons, LLC. The sale was negotiated by Rod Baker, CCIM of Baker First Commercial Real Estate; David Lide, Matrix Commercial Real Estate, LLC and Josh White of Great West Management Corporation. The closing was handled by Jackie Hatton with Oklahoma City Abstract.
Derek Enloe leased 1,600 sf of space in the Commerce Pointe Retail Center at 8012 N. Rockwell. Mr. Enloe is an opening an Allstate office at this location. The lease was negotiated by Bill Reid of Baker First Commercial Real Estate Services.
Jack Ware recently leased 1,200 sf of retail space at 2508 W. Edmond Rd. in the Edmond Retail Center for a gift and collectibles store. The transaction was handled by Rod Baker, CCIM of Baker First Commercial Real Estate.
Oklahoma Employment Securities Commission (OESC) renewed their lease of 7,645 sf of space at 2800 NW 36th St. The lease was negotiated by Lori Petit of Baker First Commercial Real Estate.
Bacon Enterprises, dba Dent Center renewed their lease of 1,600 sf of space at 8008 Rockwell in the Commerce Pointe Retail Center. The Dent Center performs paintless dent repair. The transaction was negotiated by Lori Petit of Baker First Commercial Real Estate.
Delmer Siemens leased 566 sf of office space at 3824 N. Meridian at Meridian Gardens Office Plaza for a church. The transaction was handled by Lori Petit of Baker First Commercial Real Estate.
SW 45, LLC purchased a 869 sf residential property at 1109 SW 45th St. in Oklahoma City for $100,000. Sellers were Robert J. & Mary E. Patchin. The sale was negotiated by Cathy Riley of Baker First Commercial Real Estate Services. The closing was handled Oklahoma City Abstract & Title.
Commercial real estate investing can be a big step to take financially for most people and some common mistakes can be made, especially if you have not taken the time to research your investment with proper diligence. This month, we will continue our discussion on some of the more common real estate investment mistakes and how to avoid them.
Many people make the mistake of finding a great property, and then do not know the next step involved and all the people that play an important role in investing. The idea is to formulate a plan and then find a property that will work with this plan. A smart investor has a team of real estate specialists assisting them. You will want to have a good real estate agent or investment firm on-board to help you analyze the properties and market conditions.
Three important points to consider:
Original Posting: http://capstarco.com/commercial-real-estate-investors-common-investment-mistakes-part-2/
If you are interested in investing in Commercial Real Estate, then there will be some things you will want to learn how to avoid. It is important to try and avoid some of the more common mistakes people can make as well as knowing which things to pay close attention to, when involved in a commercial real estate investment. More than likely, you may make a few mistakes along the way, but the more you learn about investing, the more you will be able to avoid some of the more common mistakes that are made.
Three important points to consider:
1. Investigate the deal – always take the time to investigate the deal before you close on it. This requires time and diligence on your part in investigating every aspect of the deal before you sign anything. It is always best to get a real estate professional involved should you need more information or have any additional questions.
2. Estimate the time frame on a payout – you will need to know how long you are able to wait before you actually receive a payout on your investment. Make certain you have a realistic estimate on how long you can wait so you can try and avoid financial problems later on.
3. Learn from others – one of the best ways to learn how to avoid making mistakes is by learning from others and what they did wrong. When you see a mistake made by another investor, remember it so you can avoid making the same one. If you do end up making a mistake, learn from it so you can avoid making the same mistake twice.
Not investigating or ignoring local market conditions can be one of the more common mistakes made by investors. Investing in a great property is only a good idea if the local market is thriving. In a bad market, you can run the risk of losing money on your investment.
Original Posting http://capstarco.com/commercial-real-estate-investors-some-common-investment-mistakes/
Ideas for the Wheeler District were submitted by hundreds of participants from around the metro attending a charrette for the Wheeler District on Wednesday. Photo provided
Some of the most extraordinary accomplishments are born out of delays and failures.
When Grant Humphreys first unveiled his vision for The Waterfront in 2006, the plans showed a mixed-use development at the former Downtown Airpark site, 1701 S Western Ave., along the south shore of the Oklahoma River.
The plans were ambitious, but also based on residential and commercial development trends of the time. The economy crashed, the project was put on hold, and Humphreys went on to developing property acquired at Lake Eufaula that is now the innovative and successful Carlton Landing.
Grant Humphreys’ brother, Blair Humphreys, spent those interim years obtaining his master’s degree at MIT in Boston and overseeing the Institute of Quality Communities at the University of Oklahoma before agreeing to take on the airpark project in January.An entirely new approach – one that could revolutionize mixed-use development statewide – is emerging from Humphreys’ work with Miami-based planning firm Dover-Kohl. About 300 people from throughout the metro area accepted Humphreys’ invitation to join his planning team at a kick-off “charrette” Wednesday night at The Grill on the Hill in Capitol Hill.
Having covered urban development for the past two decades, I’ve never seen such interest and excitement for what amounts to an exercise in urban planning, albeit one that has a real shot at becoming a reality.
The emerging young professionals in Oklahoma City are clearly wanting change. They don’t want gated suburban apartment complexes and the Dallas-style country-cottage brick homes with brick mailboxes they are seeing in many new neighborhoods.The hundreds who attended the charrette all talked about mixing retail in with housing. They want bike and walking trails. They want public spaces, not just pocket parks, and most importantly, they want the sort of communities that disappeared when cars and roads took priority over the rules that had created cities throughout the world for centuries.
Humphreys, well wired into the planning community thanks to his studies and work at OU, became familiar with Victor Dover and his firm’s work with El Paso. “Plan El Paso” had won accolades and was named “America’s Best Smart Growth Plan” in 2011.
The airpark development, rechristened “The Wheeler District,” started off with 24 different lists of proposals submitted by participants Wednesday night. Over the weekend, Dover-Kohl, working with a team assembled by Humphreys, turned those ideas into draft plans that, if realized, will create a community different from any other in the state.
