In The News

NTT Data Services Named First Tenant at Westgate One

October 19th, 2017

NTT Data Services will be the initial tenant for the recently completed Westgate One located at 10401 W Reno Ave., OKC. The company has leased 120,000 square feet and is expected to occupy the building in the first quarter of 2018.

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Stillwater Office Property Sells for $5,200,000

June 30th, 2017

Newmark Grubb Levy Strange Beffort announces the sale of the White Star Petroleum, LLC property at 4615 W. Lakeview Road in Stillwater, Oklahoma (Payne County). The sale closed May 31st and was brokered by Brad Rice and Adam Rumsey of Newmark Grubb Levy Strange Beffort.

J & R Investments, led by developers Tim Strange, Mark Phillips and Joel Flachs, paid $5.2 million for the property – a 39,100 square foot office building, equipment yard and parking lot which sits on approximately 17 acres several miles northwest of the OSU Stillwater Campus.

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OKC Selected as Focus of Brookings Study

October 16th, 2015

The Brookings Institution and Project for Public Spaces have begun an 18-month study of Oklahoma City’s emerging innovation district, an area encompassing the Oklahoma Health Center and Automobile Alley. This work, which will focus on the district’s economic strengths’ and quality of place, is part of the Bass Initiative on Innovation and Placemaking, a joint initiative the two organizations launched last week

 

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ARA | Newmark Grubb Levy Strange Beffort Merge

July 15th, 2015

Apartment Realty Advisors Real Estate Investment Services and Newmark Grubb Levy Strange Beffort finalized the merger of their Oklahoma City and Tulsa offices in early summer under the new name ARA Newmark.

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Development of Fred Jones Assembly Plant

May 19th, 2015

Housing and retail are being eyed by developers Andy Burnett, Zach Martin and Mark Beffort as they work with
the Hall family to bring life to vacant properties surrounding the historic Fred Jones Assembly Plant.

The assembly plant, which opened in 1916, is being redeveloped into a 134-room 21c Museum Hotel. The plant,
900 W Main, was one of 24 regional assembly plants designed and built between 1910 and 1915 to accommodate
what was then an unprecedented expansion of the Ford Motor Co’s assembly process across the country. 

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OKC Ranked 3rd Nationally in Downtown Employment Growth

April 17th, 2015

Sometimes Cathy O’Connor wishes the city’s development would slow down just
enough to catch her breath.

Policy decisions and planning adjustments seem to be coming at a breakneck speed as Oklahoma City
claims the third-fastest downtown employment growth rate, just behind Austin, Texas, and Charlotte,
North Carolina.

“Sometimes we do feel like we can’t get ahead of it instead of always playing catch-up, especially with
issues like parking,” said O’Connor, president of the Alliance for Economic Development of Oklahoma
City. “We feel a little pressured from time to time to get in front of it.”

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