Real estate notes from The Oklahoman for May 23, 2020
Investor buys mobile home parks
A California investor new to mobile homes parks just bought two in Oklahoma in a deal handled by broker Keith Wilson of Keith Wilson Co. LLC in Oklahoma City.
Sold were Skyline Mobile Home Park in Bartlesville, with 29 sites, and Lakeshore Mobile Home Park, with 80 sites, 5 miles to the north in Dewey. They fetched a combined $1,325,000 — $25,000 more than the list price because of multiple cash offers. The buyer was Snider Investments LLC. Becki Nail with First American Title in Norman.
"The Santa Barbara buyer has extensive development experience in California in other real estate asset classes, but only recently has forayed into the mobile home community space. This is their first park acquisition in Oklahoma and only their second and third they have purchased," Wilson said.
Kriegel Commercial Real Estate launches
Office property specialist Julie Kriegel has gone out on her own to start Kriegel Commercial Real Estate, working out of her home in Oklahoma City.
"It might seem odd to start my own company during a pandemic. But it feels like there is a reset happening, and with those changes comes a new vantage point, fresh energy and possibly some unique opportunities," said Kriegel, who was previously with Wiggin Properties LLC. "I’m going to continue to specialize in office and medical office sales and leasing as I think I can best serve my clients by staying focused on one segment."
Kriegel is a member of the Commercial Real Estate Women (CREW) Network Foundation board, Oklahoma City Downtown Design Review Committee, and the board of CREW-OKC, which she co-founded in 2016 and served as first president. In addition, she is a member of the Commercial Real Estate Council of Oklahoma City, and a six-time winner of the CoStar Power Broker Award.
"I’m going to work from home for now. One of my landlord clients offered to give me free office space, but the 20-foot commute to work is pretty nice! I may borrow his big conference room if I need it. But until we have a vaccine, I think the way that we meet will continue to change. Using a confining conference room may not be the norm anymore."
Area housing voucher funding awarded
The U.S. Department of Housing and Urban Development said it is awarding $203,473 to the Oklahoma City Housing Authority and $74,216 to the Norman Housing Authority to provide housing vouchers to people living with disabilities.
The award is part of nearly $77 million sent out under the Section 811 Mainstream Housing Choice Voucher Program in a fourth wave of CARES Act funding, which will support up to 8,300 additional vouchers in all.