• Downtown Oklahoma City apartments in Arts District will include chef's dream restaurant

    By Steve Lackmeyer, Business Writer | Updated: 8 hr ago

    A 303-unit apartment complex at 301 N Walker Ave. in downtown Oklahoma City was bought by Charleston, S.C.-based Greystar Real Estate Investors last year for $48.75 million.

  • Oil plunge, evolving Oklahoma City skyline top business stories in 2014

    By Paul Monies, Business Writer | Published: Sun, Dec 28, 2014

    Earthquakes, dropping energy prices, rattle Oklahomans in 2014 while downtown Oklahoma City grows.

  • The Nation's Housing Column: For short-sellers, a big gift

    BY KENNETH R. HARNEY | Published: Sat, Dec 27, 2014

    WASHINGTON — For David Foster of Chicago, it was a stunning and welcome early Christmas present for him, his wife and three young children. The Senate’s 11th-hour extension of the Mortgage Forgiveness Debt Relief Act through Dec. 31 will save Foster, who works for a nonprofit ministry group, from having to pay the U.S. Treasury about $28,000 next year on $100,000 of mortgage debt canceled by his bank as part of a short sale on his condo. Before the Senate’s action, he told me he had no idea “how or where we could come up with” that sort of money. The federal tax code treats forgiven debt as ordinary income to the borrower, taxable at regular rates.

  • Real deals real estate transactions for Dec. 27

    Published: Sat, Dec 27, 2014

    Real deals real estate transactions for Dec. 27, 2014

  • Richard Mize: No contest in kids' home improvement

    BY RICHARD MIZE, Real Estate Editor | Published: Sat, Dec 27, 2014

    Richard Mize: No contest in kids’ home improvement

  • Oklahoma County land sales

    Published: Sat, Dec 27, 2014

    Recent major sales in Oklahoma County totaled more than $46 million, according to deeds released from County Clerk Carolynn Caudill's Office. Major sales are those of $200,000 or more.

  • Oklahoma City keeps mopping up home listings

    BY RICHARD MIZE, Real Estate Editor | Published: Sat, Dec 27, 2014

    Low inventory and low mortgage rates keep Oklahoma City’s housing market humming.

  • Facebook opens time portals to Oklahoma Christmases past

    BY RICHARD MIZE, Real Estate Editor | Published: Sat, Dec 27, 2014

    We had a quiet but reminiscent Christmas without you. Memories of Christmases in Oklahoma were relived, and columnist saw what used to be when he grew up in Muldrow.

  • Oklahoma real estate briefs, Dec. 27

    Published: Sat, Dec 27, 2014

    Oklahoma real estate briefs, Dec. 27, 2014

  • Spain: New king says corruption must be eliminated

    Updated: Wed, Dec 24, 2014

    MADRID (AP) — Spain's new King Felipe VI insisted in his first Christmas Eve speech Wednesday that seemingly endless examples of corruption across the country incensing voters must be stamped out. He did not mention his recently indicted sister, Princess Cristina, by name but stressed that Spanish public figures don't have a right "to profit or become rich." The speech watched by millions on TV is the most important national address by Spanish kings, and Felipe gave his first after his father Juan Carlos abdicated in June — putting his own stamp on the monarchy. Just two days before Felipe spoke, Cristina was indicted on two counts of tax fraud that could land her in prison.

  • Renovations on Gold Dome resume in Oklahoma City

    By Brianna Bailey, Business Writer | Updated: Wed, Dec 24, 2014

    TEEMCO CEO Greg Lorson said the company plans to move about 40 employees into the Gold Dome in January. The company has restarted work on the building on NW 23 and Classen Boulevard in Oklahoma City.

  • Average US 30-year mortgage edges up slightly

    Updated: Wed, Dec 24, 2014

    WASHINGTON (AP) — Average U.S. mortgage rates rose slightly this week but the benchmark 30-year low remained very close to the 19-month low hit last week. Mortgage company Freddie Mac said Wednesday that the nationwide average for a 30-year mortgage edged up to 3.83 percent this week from 3.80 percent last week, which had been the lowest level since May 2013. Other mortgage rates were also up by small amounts but all remained near historically low levels that should be a boon to potential homebuyers. The average for a 15-year mortgage, a popular choice for people who are refinancing, stood at 3.10 percent, compared to 3.09 percent last week. The rate for a one-year adjustable rate mortgage rose to 2.39 percent, compar

  • US new home sales fall 1.6 percent in November

    Updated: Tue, Dec 23, 2014

    WASHINGTON (AP) — Sales of new U.S. homes fell in November, evidence that recent job gains have yet to boost the housing sector. The Commerce Department said Tuesday that new home sales slid 1.6 percent last month to a seasonally adjusted annual rate of 438,000, the second straight monthly decline. October sales fell 2.2 percent to a downwardly revised rate of 445,000. "Soft November new-home sales are consistent with what has been a slow and choppy recovery in the housing sector," said Jesse Hurwtiz, an analyst at the bank Barclays. The construction market has been sluggish in 2014 and continues to lag the broader economic recovery that began more than five years ago. Just 399,000 new homes were bought in the first 1

  • US new home sales slip 1.6 percent in November; stronger job growth not boosting housing yet

    Updated: Tue, Dec 23, 2014

    WASHINGTON (AP) — US new home sales slip 1.6 percent in November; stronger job growth not boosting housing yet.

  • Downtown Oklahoma City development forces balance of progress and past

    By Steve Lackmeyer, Business Writer | Published: Tue, Dec 23, 2014

    The planned 499 Sheridan development offers a new high-rise, but at the cost of several longstanding downtown buildings.

  • Asian stocks rise on 'Santa rally' after Wall St record

    Updated: Mon, Dec 22, 2014

    BEIJING (AP) — Asian stocks were mostly higher Tuesday after Wall Street closed at record highs in a traditional pre-Christmas advance. KEEPING SCORE: The Shanghai Composite Index gained 0.2 percent to 3,135.08 and Hong Kong's Hang Seng added 0.1 points to 23,432.19. Seoul's Kospi declined 0.1 percent to 1,940.42 and Tokyo was closed for a holiday. Singapore, New Zealand and Jakarta rose while Sydney declined. THE QUOTE: "The Santa Clause rally is rolling on in global equities," said strategist Stan Shamu of IG Markets in a report. "The bounce in crude oil prices seems to have been a flash in the pan with investors finally realizing that comments by OPEC members from the weekend did not imply they will look to correct the c

  • Broadway 10 Bar & Chophouse opens at the heart of Automobile Alley

    By Steve Lackmeyer, Business Writer | Updated: Mon, Dec 22, 2014

    The 8,000-square-foot restaurant in Oklahoma City is designed to showcase the historic Buick Building.

  • NY requires Ocwen reforms, $150M homeowner help

    Updated: Mon, Dec 22, 2014

    ALBANY, N.Y. (AP) — New York financial regulators have reached a settlement with Ocwen Financial Corp. requiring the nation's largest subprime mortgage servicer to reform its practices and provide $150 million to help struggling New York homeowners. The consent order requires William Erbey to resign as executive chairman of the corporation and chairman of four related companies: Altisource Portfolio Solutions, Altisource Residential Corp., Altisource Asset Management Corp. and Home Loan Servicing Solutions. The settlement of the state Department of Financial Services investigation also requires an independent monitor on site for up to three more years.

  • New tenants bring more life to formerly quiet Oklahoma City corner

    By Steve Lackmeyer, Business Writer | Updated: Mon, Dec 22, 2014

    Revolve Pizza Kitchen is the latest business to lease space in the Century Center, joining The Oklahoman, YMCA of Oklahoma City and Mahogany Steak House.

  • US home sales hit slowest pace in 6 months in Nov.

    Updated: Mon, Dec 22, 2014

    WASHINGTON (AP) — Fewer Americans bought homes in November as buying slid to its slowest pace in six months. The National Association of Realtors said Monday that sales of existing homes fell 6.1 percent to a seasonally adjusted annual rate of 4.93 million. That was down from a revised annual pace of 5.26 million in October. Over the past 12 months, sales have risen 2.1 percent. The combination of higher home prices and relatively stagnant incomes has reduced affordability and restrained buying. A recent decline in mortgage rates has yet to lure more buyers into the market. At the same time, fewer distressed properties and bargains, which tend to attract investors, are coming onto the market. The Realtors estimate tha