Archive for March, 2013

Easter Shoppers Frugal This Year

Sunday, March 31st, 2013

While the overall U.S. economy still appears to be trending into more positive territory, Americans have taken a wait-and-see attitude when it comes to spending their dollars over the Easter Holiday. (more…)

In the News (March 25-29)

Sunday, March 31st, 2013

Check out these links to some of the new and noteworthy headline stories that are trending in the world of commercial real estate. (more…)

Bye-Bye, Crossroads

Thursday, March 28th, 2013

And so it is done.

The last remaining vestiges of the old Crossroads Mall have finally sold. Price Edwards announced the sale of the former Dillard’s store today, thus marking an end to a long-running, topsy-turvy chapter in local retail real estate.

Here is the formal release:

Price Edwards & Company is pleased to announce the sale of Dillard’s at Crossroads, the last available real estate at Crossroads Mall.   

Price Edwards & Company handled the sale of the 193,000 square foot Dillard’s building at Crossroads Mall in south Oklahoma City.  The sales price was $900,000. The purchaser was CRM Properties Group, LLC, which purchased the 762,532 square foot main mall in 2011 from an affiliated entity of the Federal Reserve Bank of New York.  Price Edwards was the listing broker for the 2011 transaction as well. The mall is currently in the process of being repositioned in an effort to cater to the local Hispanic community.

Dillard’s operated its retail department store at the Crossroads location for more than 30 years, having built the building in 1972 and closed the doors in October of 2008.

Karleen Krywucki represented Dillard’s in the transaction. Paul Ravencraft and Phillip Mazaheri represented the buyer.

Price:  $900,000

Improvement SF:  193,000

Land Size:  15.06 +/- acres

Buyer: CRM Properties Group, LLC

Seller:  Dillard’s Inc

 

Architecture Billings Hit Post-Recession High

Sunday, March 24th, 2013

A jump in commercial construction in the second half of 2013 is the likely forecast thanks to a new leading survey of architects. (more…)

In the News (March 18-22)

Sunday, March 24th, 2013

Check out these links to some of the new and noteworthy headline stories that are trending in the world of commercial real estate. (more…)

MetLife Goes Big on Mortgages, Equity

Sunday, March 17th, 2013

When it comes to life insurance lending for commercial real estate, they don’t come any bigger than MetLife. (more…)

In the News (March 11-15)

Sunday, March 17th, 2013

Check out these links to some of the new and noteworthy headline stories that are trending in the world of commercial real estate. (more…)

NYC Brokers: Confidence Scores a 10

Sunday, March 10th, 2013

A new survey by The Real Estate Board of New York finds that commercial and residential brokers were more confident in the market in February 2013 compared to January. (more…)

In the News (March 4-8)

Sunday, March 10th, 2013

Check out these links to some of the new and noteworthy headline stories that are trending in the world of commercial real estate. (more…)

Financial Planners Move into Centers

Sunday, March 3rd, 2013

Financial-services firms are not exclusively for the wealthy. To attract mainstream Americans, increasing numbers of them are setting up shop in that most plebeian of modern-day institutions: the shopping center. (more…)