Commentary: Lot Lines: Increasing Foreclosures in Oklahoma City

Summary

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Commercial foreclosures have been a hot topic in Oklahoma City in recent weeks as a number of large properties have gone into receivership. Some in the industry are wondering if the national trend of increasing commercial foreclosures has finally caught up with Oklahoma City, but in looking at some of these recent foreclosures, many of them have unique circumstances that have caused their current predicament.

The most high-profile foreclosure in recent months was Crossroads Mall, whose leasing and management is now being handled by Price Edwards & Co. while the property is in receivership. In looking at the circumstances that led up to the regional mall's foreclosure, the outcome is really no surprise.

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Extract

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Commentary: Lot Lines: Increasing Foreclosures in Oklahoma City

Over the past year-and-a-half Crossroads lost all four of its anchor tenants in the form of JCPenney, Macy's, Dillard's and Ste...

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