Apartments Dominate 2004 Top Deals in Oklahoma City
The Journal Record › February 10, 2005
Linked as:
Summary
Each year when brokers gather at the Commercial Real Estate Council's annual Forecast event, one of the favorite topics of conversation centers around the top commercial real estate deals of the past year. As investor confidence remained high and the cost of capital continued to be affordable, 2004 proved a good year in terms of commercial transaction activity giving brokers plenty to discuss.
Last year, local and out-of-state investors - who continued to chase Oklahoma City-area commercial properties for increasing prices - drove activity. The apartment sector experienced the most significant activity with what Mike Buhl, president of Commercial Realty Resources, describes as a near-record-breaking year.See the full content of this document
Extract
Apartments Dominate 2004 Top Deals in Oklahoma City
There were more units sold in 2004 than the previous two years combined, he said. The 8,669 units sold in 2004 are ranked as the second-highest level in the past 12 years, surpassing the 8,455 units sold in 1994 and making an earnest run at the 9,169 units sold in 1998.
One apartment transaction stands out as one of the...See the full content of this document
Sponsored links
