Author: Randybacon

Retailers are bracing for a fresh wave of store closings in 2018 that is expected to eclipse the rash of closings that rocked the industry last year.

“Landlords are panicking,” said Larry Perkins, the CEO and founder of the advisory firm SierraConstellation Partners. “The last year was pretty apocalyptic from a retail standpoint, and the macro issues haven’t changed. There will continue to be a high degree of bankruptcies and store closures.”

• More than 12,000 stores are expected to close in 2018 — up from roughly 9,000 in 2017, according to Cushman & Wakefield.

2017 was a record year for both store closings and retail bankruptcies. Dozens of retailers including Macy’s, Sears, and J.C. Penney shuttered an estimated 9,000 stores — far exceeding recessionary levels — and 50 chains filed for bankruptcy.

But there’s still a glut of retail space in the US, and the fallout is far from over.

Read entire article here in Business  Insider.

Contact Liberty to discuss your commercial real estate financing needs.

Oklahoma’s two largest cities were both ranked as top ten cities for first time homebuyers according to SmartAsset.com

 

 

 

 

 

Oklahoma City was ranked second and Tulsa was ranked fifth, other cities included Wichita, Fort Worth and Louisville, Kentucky.

Oklahoma’s low cost of living continues to provide an appealing option for locating or expanding businesses.

SmartAsset is a financial information and technology company aiming to provide the best personal finance advice on the web. We offer free and personalized tools to empower you to make smart personal finance decisions around homebuying, retirement, taxes and more.

If you have a commercial property that you are looking to refinance click below to contact us.

 

 

 

 

 

 

 

 

The Gardner Home Team has successfully closed a number of residential and land transactions in the Northeast Oklahoma communities of Claremore, Oologah and Owasso.  The Gardner Home Team specializes in all types of listings: from vacant land, to existing homes, luxury homes, and custom builds! Take a look at a fewof our top properties sold this year:

5575 E 490 Road Claremore, OK 74019- $1,750,000

20871 S. 4080 Road Oologah, OK 74053 – $1,112,760

 

The Gardner Home Team is committed to serve any and all of your real estate needs! Serving areas such as Owasso, Broken Arrow, Tulsa, Catoosa, Claremore, Bixby, Oologah, Glenpool, Collinsville, Skiatook, and Sperry, we’ve closed hundreds of sales. We are known for our top of the line superior negotiating skills. We are a team of professionals who truly care and are dedicated to obtaining your real estate goals. If you are looking to sell your existing home, find a small starter home, or even build a new one remember to call Stan Gardner with The Gardner Home Team at 918-430-8247.

 

 

Family offices have seen a slight dip in real estate allocations, but new data suggests they’re still sold on the asset class as an investment target.

In a global report from UBS and Campden Research, family offices indicated they’re “rather optimistic” about the future of real estate as an asset class, “despite a somewhat weaker performance in 2016.” Forty-five percent of those surveyed planned to maintain real estate investments going forward, with 40 percent eyeing an increase in such investments.

Although direct investment in real estate by family offices declined by 0.7 percent from 2016 to 2017, the asset class remains the third largest in the average family office portfolio around the world, the UBS-Campden Research report says. In North America, the asset class represents 10 percent of family office portfolios.

View entire article here in National Real Estate Investor.

Learn more about commercial real estate finance or contact Liberty to discuss your opportunity.

 

 

 

Broken Arrow is the United States’ 29th best city for residents, according to a story in Friday’s USA Today.

Low crime, affordability and a healthy economy all helped the city of about 110,000 make the list, which also included Edmond at No. 35.

“This is a great accolade for our community,” Wes Smithwick, Broken Arrow Chamber of Commerce president and CEO, said in a statement. “It is no secret that the population of Broken Arrow is growing. Population growth does not occur without job growth, which leads to our healthy economy and the ability to attract new residents.”

View entire article here in Tulsa World

Find out more about commercial real estate financing here: http://libertyrealtycapital.com/commercial-mortgage-financing-in-broken-arrow-oklahoma/

 

 

Hunt Ventures Plans $100 Million Development in Pinnacle Hills

Hunt Ventures and an Oklahoma City group will partner to build a 15-acre, $100 million mixed-use development in Pinnacle Hills in Rogers.

Tom Allen, executive vice president of Sage Partners, the real-estate arm of Hunt Ventures, said the partnership hopes to get final approval of the plans by the end of year with the first phase of construction to begin in the first quarter of 2018. The development, at the northwest corner of the roundabout intersection of Pauline Whitaker Parkway and Pinnacle Hills Parkway, initially will feature a 296-unit apartment complex, a boutique hotel and 26,000-SF of retail space.

Hunt Ventures is partnering with Urban5 Development, a subsidiary of Burnett Equity. Andy and David Burnett, who lead Burnett Equity, are experienced developers of multi-family properties.

View entire article here in Arkansas Business Journal

Find out more about financing commercial real estate projects with Liberty and check us out http://libertyrealtycapital.com/arkansas-commercial-mortgage-finance/