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Robert
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Why Invest in Oklahoma? |
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Spotlight News |
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State not following recession's path
NBA arrival draws bars, restaurants to Bricktown - By Steve Lackmeyer, The Oklahoman 12/3/2008
Mitchel Haynes and Jackson Price are newcomers to Bricktown, part of a new wave of restaurant and bar operators being drawn in by the arrival of the NBA. Read full article
Four Oklahoma companies make 2008 Forbes list - 11/26/2008
Oklahoma City's Love's Travel Stops & Country Stores announced today Forbes magazine ranked it among five Oklahoma-based companies on the 2008 largest privately held companies list. Read full article
Real estate in Oklahoma leaves few fears - By Steve Lackmeyer, The Oklahoman11/26/2008
"..Oklahoma City is the only major metropolitan area to post an unemployment decrease."
"Typically you stand up and say we have good news and we have bad news," Cornett said. "But I can reflect that the bad news is harder and harder to find when you look at the Oklahoma City economic picture. The more you look at this data, the more you realize that people in Oklahoma City and the metro area have every reason to be confident and still pursue homes and continue to invest in real estate." Read full article
Cherokee Casino Becoming Hard Rock Casino Tulsa In Spring Of ‘09
Catoosa, OK -- November 20, 2008
The Hard Rock Casino Tulsa is the first Hard Rock-branded property in the Midwest. The new property will bring its own version of the Hard Rock experience to Oklahoma with influences from Cherokee heritage, Oklahoma's rich history of musical artists and a blend of the property's current and future amenities and entertainment. Read full article
American Indian Lands Tax Credit Extended
The Oklahoma Department of Commerce recently updated its 2008 Oklahoma Business Incentives and Tax Information Guide to reflect the recent extension of the American Indian Lands Tax Credit.
The Emergency Economic Stabilization Act of 2008, signed by President Bush Oct. 3, 2008, extends the tax incentive through Dec. 31, 2009 for businesses locating on former Indian lands. Read full article
Forbes, April 29, 2008
"What do a low unemployment rate, steady job and income growth, a rising median household income and a low cost of living have in common? They are all factors that placed Oklahoma City at #19 on Forbes’ 2008 Best Cities for Jobs list and on April 29, 2008, America's #1 Most Recession-Proof City in the Nation!
"Nationally, home prices are falling, unemployment is on the rise and the economy is expected to grow slowly--or even contract--in the first half of the year. But some cities are doing just fine.
Take Oklahoma City, Okla. With falling unemployment, one of the country's strongest housing markets, and solid growth in agriculture, energy and manufacturing, it looks best positioned among the nation's largest metropolitan areas to ride out the current crisis..."Read full article
NewsOK.com, May 30, 2008
All 77 counties in Oklahoma followed the state's lead and reported lower unemployment rates for April, the Oklahoma Employment Security Commission said...Oklahoma's economy is stronger than many other states', and it's understandable the rates would be lower, the Oklahoma Employment Security Commission chief economist Lynn Gray said. Read full article
NewsOK.com, May 17, 2008
The state's jobless rate dipped again in April to 2.9 percent, the Oklahoma Employment Security Commission reported Friday. Read full article
Reed Construction, May 30, 2008
Ranking States by Recent Economic Performance - May 2008 places Oklahoma #2 out of 25 States!
New England has been replaced by the south central states, specifically Texas and Oklahoma, as the fastest growing region in the US economy. Economic growth is also above average in the Plains state and on the Pacific coast in California and Washington. This based on the April indexes of state economic activity from the Philadelphia Federal Reserve Bank.
Regional growth differences are largely due to differences in the position of each state in the business cycle. The state by state cyclical differences depend on the mix of industries in each state. Currently the rapid growth industries are farming field crops, energy supplies, high tech and machinery export manufacturing, biotechnology and healthcare, mutual funds and intellectual capital industries, such as software and consulting. The slow growth industries are housing and construction supplies, low tech manufacturing, consumer services, real estate and related financial activities and consumer leisure, vacation and retirement related industries.Read full article
OKC Chamber of Commerce, May 30, 2008
As economic slowdowns make an impact across the nation, Oklahoma City is fairing well and continues to out-perform the nation in job growth. That trend is expected to continue into 2009, according to the Greater Oklahoma City Chamber 2008 Economic Forecast, available at www.okcchamber.com.
Read the Greater Oklahoma City Economic Trends, Second Quarter 2, 2008 Report
The U.S. Bureau of Labor Statistics reports, "Oklahoma's unemployment rate fell to 3.1% in February from 3.7% one month ago and 4.3% last year. " Read More
Proof the Commercial Industry is Doing Well
Bloomberg.com News, May, 2008
Even as private residential construction spending fell 2.3 percent after a 3 percent decline the previous month, Private non-residential construction gained 1.6 percent, the third straight monthly increase. Total non-residential construction, including public projects, increased 0.7 percent, after a 1.1 percent gain in the prior month. It was up 11.6 percent from a year earlier.
"WHAT IF the national economy threw a recession, but Oklahoma decided not to attend?
"We're not going to play along with the nation,” said Keith Geary, president of Capital West Securities in Oklahoma City. "For us here everything is going really well.”Two sectors that are slowing the national economy — housing and energy — are positives for the local economy. The average sales price of an existing home in Oklahoma rose last year by 4.24 percent while the number of foreclosures filed in the state declined nearly 13 percent. Meanwhile, about 39 percent of homes bought nationally last year are worth less than what the homeowners still owe, according to zillow.com. While local consumers are no happier with near-record gasoline prices than those who live elsewhere, Oklahomans pay among the lowest prices for fuel. And those high prices have fueled expansion in Oklahoma's robust energy sector, which produces jobs, higher wages and taxes for the state."
Economic forecast sunny with job growth
Mark C. Snead, director for the Center for Applied Economic Research at Oklahoma State University, forecast this month that the state's job growth could continue even through a national recession. His prediction was that a recession would, at worst, stall Oklahoma job growth only during the second and third quarters. "The insulation provided by a stable housing sector and high energy prices are expected to allow the state to enjoy very modest economic growth,” Snead wrote.
Journal Record: Oklahoma's Insulated Market
"The most popular buzz word in Oklahoma’s commercial real estate markets thus far in 2008 appears to be “insulated.” Numerous brokers, developers and commercial real estate experts have frequently used the term to describe how Oklahoma City and Tulsa’s markets are insulated from the downturns being experienced by the national economy and in the larger commercial real estate markets.
While large markets on both coasts are experiencing significant declines in investment activity and prices, both Oklahoma City and Tulsa are showing signs of stability and strength...
Renewed strength in the state’s multihousing market has also proven a shield to national economic turmoil in Oklahoma, according to John D. Clayton of The Apartment Brokerage Team in Tulsa. Over the past year, Clayton said both occupancy and rental rates have experienced steady increases in the state due largely to the declines in the single-family housing market.
“In Tulsa, where a decade-long economic roller-coaster ride left many outsiders feeling like they should head for safer rides, the multifamily sector of the real estate market has quietly and steadily increased, ending 2007 with a market average occupancy of 92.7 percent and an upward trend in the first quarter of 2008,” said Clayton. “Oklahoma City has seen much of the same improved occupancy, where the tale of two cities continues to surprise investors with similar economic performance.”" (Source: Journal Record, May, 2008)
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Pryor, OK Lands $600 Million Google Data Center, 1.5 Million Sq. Ft. Gatorade Facility, and 400 Acre Amphitheater/Festival Park
Infrastructure and Personal Service land Google and Gatorade in Pryor, OK
Google, Gatorade put Pryor on the map
MidAmerica, Oklahoma's largest industrial Park, Lands Google and Gatorade
MidAmerica's Website
MidAmerica Latest News
"For companies considering a major distribution center to serve supply chains throughout the central region of the nation, MidAmerica Industrial Park would surely be an ideal candidate for consideration.
The park, Oklahoma's largest, spans 9,000 acres with an array of amenities that make it one of the most distinctive industrial developments in the nation." Read more
"Millions in the South-Central U.S. will soon be quenching their thirst with Gatorade® Thirst Quencher and Propel® Fitness Water made right here in Oklahoma." Read full article
400 Acre Amphitheater puts Pryor, OK in the Spotlight
"Catch the Fever Music Festivals is well on its way to completing a great venue. The site started with a 400-acre farm site. First steps included for erecting a 130-foot permanent stage with full production, special effects and lighting capabilities common to indoor concert venues. Also included are buildings, fences, lighting, plumbing and roads along with facilities for camping and parking. Additionally the site now includes vendor areas and supplementary stages to allow continuous music between main generating around the clock energy and excitement. Special attention has also been given to providing VIP areas, safe campgrounds, located adjacent to the concert area, hot showers, fresh water, garbage and recycling service, RV facilities, etc. In preparation for this year's event.." .Read full article
"PRYOR — At the Country Fever Music Festival, the music is almost an afterthought.
Spread across 400 acres north of Pryor, the event features everything from military Black Hawk helicopters to inflatable jungle gyms to a mechanical bull..." Read full article |
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Oklahoma Medical Research Foundation Receives $15 Million in Economic Development Funds to Support $125 Million Facility Expansion
The Oklahoma Medical Research Foundation will embark on a $125 million expansion project with the help of a $15 million allocation from the Oklahoma Opportunity Fund, a state economic development account.
OMRF, an internationally recognized independent research institute, is building a new research tower on its Oklahoma City campus, an initiative that is projected to create 300 new jobs with an average salary of approximately $58,000. Read more
Without question, 2007 will go down as a landmark year for the city’s industrial market
"As several high-profile retail and apartment deals appeared to dominate headlines in 2007, Oklahoma City’s industrial sector may have won the award for the most active transaction market with a significant increase in both the number of properties sold and in property values." Read more
Oklahoma's Real Estate Market is Up -- Bucking USA Trends
Oklahoma's home prices were up 4.2% in 2007; 4.59% in Oklahoma City and 4.97% in Tulsa. From January, 2007 to January, 2008 Oklahoma foreclosures went down 17%! Read more... |
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Why Invest in Oklahoma? |
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Workforce
"Greater Oklahoma City's best asset is undoubtedly its workforce. With more than 650,000 workers and nearly 120,000 attending area colleges and universities, the region can fulfill the needs of any company." Read more
Incentives
"You can count on the Oklahoma City's economic development team to arrange one-stop coordination with state and federal agencies. Oklahoma offers a qualified, available workforce, straight-forward business incentives and world-class job training." Read more
Strategic Location
"One of Greater Oklahoma City's biggest advantages is its strategic location, near the markets and workforce you are looking for." Read more
Business Environment
"This spirit of growth combined with our ability to successfully collaborate on issues of importance has fostered economic diversification and steady and sustainable growth. This can best be seen in our eight major industry clusters: Aviation, Technology/Manufacturing, Shared Services, Air Accessibility, Biosciences, Distribution/Warehousing, Automotive, Health Care Services, and Energy."
"Our corporate presence is impressive, with companies including Dell Inc.; Xerox; Williams-Sonoma; Sprint; Hertz; The Hartford; Farmers and York International calling the region home. But equally impressive is the list of companies who were born and grown here: Sonic, America's Drive In; Devon Energy; Chesapeake Energy; Braum's; Hobby Lobby; Express Personnel; Sandridge Energy;Cytorance Biologics and Hoffman Bikes/Mat Hoffman Enterprises." Read more
Low Cost of Doing Business and Incentives
"The annual North American Cost of Doing Business Review by Economy.com found the region's cost of doing business to be one of the lowest of the 361 metro areas surveyed. The index measured the relative cost of labor, energy, taxes and office space.
Oklahoma has one of the most innovative and recognized incentive programs in the nation with the Oklahoma Quality Jobs Program, which provides cash payments to qualifying companies who create and maintain quality jobs of Oklahoma. The payments, of up to 5% of payroll for 10 years, can total in the millions." Read more
Support
"Central Oklahoma’s 10-county partnership offers a wealth of advantages and services that make living and doing business here compelling." Learn more
Quality of Life
"MAPS (Metropolitan Area Projects) is Oklahoma City's visionary capital improvement program for new and upgraded sports, recreation, entertainment, cultural and convention facilities. Projects include: AT&T Bricktown Ballpark, renovation of the Myriad (now Cox Business Services Convention Center), improvements at the state fairgrounds, the Bricktown Canal, a new Library/Learning Center, new trolleys, a near-rebuilding of the Civic Center Music Hall, improvements to the North Canadian River, and construction of the Ford Center." Read more
"This is an active, activity-filled city. One that enables its residents to enjoy an exceptional quality of life. The mild climate offers year-round sunshine. There's low traffic congestion and low pollution. Plus an abundance of arts. Excellence in education. A variety of recreation. And an ever-broadening cultural landscape.
No wonder Places Rated Almanac cited Oklahoma City as one of the "Best Places To Live In North America." It's affordable. It's desirable. It is...a better living, a better life." Read more |
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Statistics |
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Forbes.com Home Page for the World's Business Leaders
Oklahoma City, Tulsa among Forbes' top places to do business
Oklahoma City Listed in the 25 Best American Cities to Get a Job
Oklahoma City Named in List of Best Places For Business And Careers
Tulsa Named in List of Best Places For Business And Careers
Lawton, OK Named in Best Small Places For Business And Careers
Related Article at KNBC.com: "Tulsa moved up from No. 35, mostly due to a large increase in the income growth rate, at which it ranks seventh. Tulsa has diversified business base, which includes aerospace, construction, high technology, transportation, telecommunications, manufacturing, healthcare, education, and energy" ...
"Another rapid mover, Oklahoma City ranked 67th on last years list. It ranks sixth in income growth, 15th in cost of living and 25th in unemployment. Oklahoma City has been a traditional base for energy companies like Chesapeake Energy and Devon Energy, but its economic growth has partly been fueled by diversification into fields like information technology and health services."
Click here to read the full article |
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Expansion Management
Magazine
Oklahoma City and Tulsa included in 5-star Quality of Life Metro List Read Complete Article
Oklahoma City Ranked #4 in Top 20 Real Estate Markets for 2007 Read Complete Article
Oklahoma City and Tulsa Name In the Top 50 Hottest Cities for 2007 Read Complete Article |
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CNN Money Online
Rates OKC Housing Market
OKC
Home Prices 13% and Tulsa Home Prices 11% Undervalued |
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Articles |
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The Journal
Record reports on Oklahoma Real Estate
"OKLAHOMA CITY – As several high-profile retail and apartment deals appeared to dominate headlines in 2007, Oklahoma City’s industrial sector may have won the award for the most active transaction market with a significant increase in both the number of properties sold and in property values."
Read Full Article: Lot Lines: Buyers target industrial properties [02/01/08]
"PRYOR – One day after Gatorade officials contacted Pryor’s MidAmerica Industrial Park about expansion possibilities, the sports drink bottler received a full packet of data at its door.
A few months later Google used its own Web resources to locate its next expansion site, which came up MidAmerica. "
Read Full Article: Infrastructure, personal service lift Pryor complex [02/18/08]
"TULSA – Net absorption of 1.5 million square feet last year – almost three times 2006 results – cut Tulsa’s industrial market vacancy rate to a 10-year-low of 3.99 percent..."
Read Full Article: Tulsa industrial vacancy rate hits 10-year low [02/06/08]
"TULSA – After several years of modest rental rate increases despite tight vacancy rates, the Tulsa industrial sector enjoyed strong growth in both areas last year. That has some Tulsa analysts anticipating the start of well over 1 million square feet of new construction, although others remain cautious...."
Read Full Article: Tulsa roundtable: Resurgence in the industrial market [02/14/08]
"OKLAHOMA CITY – The Oklahoma City commercial real estate market looks to continue its upward momentum in 2008 despite national credit problems and the risk of a looming recession, according to a report from one local real estate firm.
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Read Full Article: Levy Beffort releases real estate outlook [01/16/08]
"TULSA – An Apple Hospitality Inc. real estate investment trust paid $8.4 million for Bixby’s 102-room Hampton Inn and Suites, which opened in mid-November.
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Read Full Article on this Robert Williams Sale: Va. buyer pays $8.4M for new Bixby Hampton Inn [01/16/08]
Target pays
$2.58M for Broken Arrow site
Florida real
estate firm pays $11.5M for Tulsa golf course
OKC apartments
close strong year
Apartment sales
in Tulsa remain strong
California investor pays $2.7M for Tulsa Hotel
Elliott
recognized for renovation work
Tulsa Developers see City's Future in River
Project
Bryant
Square (Edmond) Sold
Made
to sell: Tulsa Market Prepares
Owasso development ready for growth
Tulsa
retail occupancy rate hits three-year high
Owasso foresees housing growth
Edmond Retail gets lift from residential boom
Court Strikes Eminent Domain Petition
Tulsa
employment numbers highest since 2000
Tulsa adds hundreds of luxury apartments
Dallas company
building $10M plant in Durant
Urban
Update: OKC Developers Outline Plans for Downtown Housing Projects
OKC to take role in
national building boom: 236,000 New homes; 23M ft. Industrial space
Apartments
dominate 2004 top deals Urban Renewal hears proposals
to revive The Hill
Deep Deuce deal may raise bar on apartment
prices
Retail dominates new construction
No end in sight: Decades of growth
foreseen for Memorial |
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Expansion Management
Magazine
Coca-Cola Opens Customer Care Center in Tulsa, Oklahoma [11/12/2007]
Google to Build $600 Million Data Center in Pryor, Oklahoma [ 5/3/2007 ]
Oklahoma Medical Research Foundation Receives $15 Million in Economic Development Funds to Support $125 Million Facility Expansion [9/28/2007]
Oklahoma Announces it's First 13 "Site Ready Certified"
Business Sites
PepsiCo
to Build $180 Million Facility in Pryor, Oklahoma
Companies Are Transferring Major Operations to Oklahoma City
All Expansion Management Magazine Articles - Oklahoma State Spotlights |
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Tulsa World reports
about Tulsa and Northeastern Oklahoma
Apartment vacancy rates post a big drop (Tulsa) |
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OKC Business
Reports on Oklahoma City Real Estate
Study: Oklahoma City needs grocery stores
Colcord
: A Return of Vintage Hospitality
Edmond commercial construction up 13 percent from 2005
Oklahoma's
Unemployment rate lowest in the South
Worlds Largest 20 screen Theatre to be built in Moore ( South OKC
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Oklahoma Government Sites |
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State of Oklahoma - www.ok.gov
Oklahoma Major Employers By Size
Oklahoma Travel Brochures - Download Free
Oklahoma Parks, Resorts & Golf |
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Oklahoma Department of
Commerce Quick Links
Top Oklahoma Stories
New and Existing Businesses
Communities
Workforce
Data and Research
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Oklahoma Department of
Tourism
2007 Oklahoma Travel Guide - Online Interactive Guide
What to do in Oklahoma
Cities and Regions
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Oklahoma City Chamber of Commerce |
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Oklahoma City Chamber of
Commerce Quick Links
Metropolitan
Area Projects
Downtown
Housing Study - 7,500 units needed
State
Issue Overview
2006 Legislative
Agenda
Recent Business
Expansions
Major Employers OKC
OKC Attractions |
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General Information & Tools |
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Multi-Housing News
2006:
Best Year for Apartments Since 1999? |
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Retail
Traffic Reports on Retail Centers Nationwide
The
Mall is Dead, Long Live the Mall
Will It Play in Oklahoma City?
An Investor's Guide to the U.S. |
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Commercial Property
News
Secondary
Markets Offer First-Class Investment Opportunities |
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Commercial Investment Information
Leasing
Lessons
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The Brookings
Institute
Toward a New Metropolis: The Opportunity To Rebuild America
Turning Around Downtown: Twelve Steps to Revitalization |
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Why Invest in McAlester? |
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Articles
"McAlester Company Plans Groundbreaking To Celebrate Multi-Million Dollar Expansion." Read more
"Dura-Line To Open Operations In McAlester." Read more
"Charles Komar And Sons Inc. Announces Large Expansion Plans For McAlester Area." Read more
"McAlester and Muskogee join Main Street Program." Read more
McAlester Chamber of Commerce
The McAlester Chamber of Commerce works with city, county and other officials to create a business-friendly environment; addresses current and future concerns of business as they relate to economic development and retention; develops programs to enhance economic growth and retail development within the community; and much more. Visit the McAlester Chamber of Commerce Website
Strategic Location
McAlester and the surrounding area have become the regional center for commerce, retail trade, culture, recreation and heritage in Southeast Oklahoma. McAlester is located at the crossroads of US Highway 69 north and south and US Highway 270 east and west. The Indian Nation Turnpike also serves the area and Interstate 40 is only 40 miles to the north.
Located 90 miles south of Tulsa and 120 miles southeast of Oklahoma City, McAlester is within easy driving distance to major metropolitan areas.
Business Support and Environment
 McAlester is included in the communities that benefit from the resources of Rural Enterprises, Inc. (REI). In 1982, Oklahoma and rural business owners throughout the state gained a powerful ally known as Rural Enterprises of Oklahoma, Inc. (REI). During its 20-plus year history, REI has steadily become one of the biggest players in the state’s economic development efforts and has led an unprecedented number of local start-up businesses down the road to success. Learn more
 McAlester Economic Development Services provides a website with organized, onsite details on transportation, labor force, demographics, community data, major employers, business incentives, available buildings and sites, educational and healthcare facilities, cultural opportunities, recreation, climate & recent expansions. Learn more
McAlester is home to the McAlester Ammunition Base which employs over 1700 people that draws from a labor pool several counties wide and has a hospital that serves over 100,000 + yearly. It has an industrial park that houses over 700 manufacturing, warehousing employees in its 520 acre site, and oil and gas operations being added monthly. Bronco Oilfield Services has located recently in the McAlester area. Simonton Windows is bringing another group of employees to McAlester for its operation and Choctaw Manufacturing is constructing a new facility to house another operation at its McAlester Site.
Recreation and Quality of Life
McAlester residents enjoy the safety and convenience of a smaller city at a cost of living 22% below the national average. This community is highly educated, diverse, and energetic with a vision for tomorrow.
McAlester Country Club
1500 Country Club Rd
McAlester, OK 74501
Phone: (918) 423-3599 Fax: (918) 426-3589
This course has many tall pine trees lining its winding fairways. Some of the sloped greens are multi-tiered. The signature hole is #1, which is located in front of the clubhouse and calls for a tee shot off of a cliff that provides beautiful views of the green below as well as the hills in the distance. The reciprocal guest fee rate is good for all-day play. Holes:18, Greens: bent grass, Fairways: bent grass
Arrowhead State Park Golf Course
3 miles off Hwy 69 on State Park Rd
Canadian, OK 74425
Phone: (918) 339-2769 Fax: (918) 339-7239
This scenic course has an abundance of wildlife living on and around the grounds. The greens are average-sized. The most demanding hole is #17, a 430-yard, par 4, requiring a long uphill tee shot to a narrow dogleg left fairway, then an approach shot to an elevated green. Dave Bennett added nine new holes and redesigned the existing nine in 1981.
McAlester Lake
Approximately 5 miles west of town is a large lake. There are a few boat ramps, tables and places to pitch a tent. (918) 421-4998
Eufaula Lake
Extends Roughly Southward From Interstate 40 At Checotah to McAlester along Highway 69. It is the biggest man made lake in the world. Boat rentals, campgrounds, cabin rentals, fishing, bass tournaments, lodging. (918) 484-5135
Read more
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©Robert Williams 2008
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. The listings contained on this web site may be withdrawn by the sellers at any time.
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