Architects plan metro-area tour
The American Institute of Architects Central Oklahoma Chapter will present the 12th annual Architectural Tour from 10 a.m. to 4 p.m. April 13. The self-guided tour will include residential homes and commercial buildings. It is part of Architecture Week 2013, April 8-14. Advance tickets go on sale March 25 for $12 online at www.aiacoc.org/tour, at TAP Architecture, 415 N Broadway; AIA Central Oklahoma, 3535 N Classen Blvd.; or Space 20th, 4408 N Western Ave. Tickets are $15 the day of the tour.
Tour locations include: 7 at Crown Heights, 1000 NW 37, owned by Brent Swift Design Build, architect Butzer Gardner Architects, a 1938 structure restored into six residences; Underground Loft, 3200 Sexton Drive in Norman, an underground home designed by Norman architect Joe Hylto, owned by architects Mike and Mary Price; Woodland Residence, 1009 Woodland Drive in Norman, owned by Brent Swift, architect for Butzer Gardner Architects; 430, designed by Fitzsimmons Architects and owned by Midtown Renaissance, 430 NW 12; Hiltgen Home, 1701 Woodhill Road in Edmond, owned by Cary and Lisa Hiltgen, renovation architect Miles Associates; WestTown Campus, 1729 NW 3, owned by The Homeless Alliance and designed by TAP Architecture; Lingo Construction Services, 123 NW 8, owned by Stan Lingo, designed by Elliott & Associates Architects.
PSM Holdings issues stock
PSM Holdings Inc. — ticker symbol PSMH, over the counter — has issued preferred stock to raise $5.7 million for expansion. The Oklahoma City-based company, through its wholly owned subsidiary, PrimeSource Mortgage Inc., provides mortgage brokerage and banking services across the country.
LB Merchant invested $3,700,000 in 3,700 units of Series A Convertible Preferred Stock and a single institutional investor invested $2,000,000 in 2,000 units of Series B Convertible Preferred Stock. Both the Series A and Series B have a face value of $1,000 per share and are convertible into the company's common stock at a fixed conversion price of 40 cents per common share and earn a 6 percent cash dividend paid quarterly. The board will be reduced from seven to five, with LB Merchant appointing two members.
NAI, Petrous merge services
TULSA — NAI Commercial Properties is merging with the management division of The Petrous Group Inc., to form NAI Petrous LLC. The merger allows clients direct access to a variety of services under one roof, including commercial real estate sales, leasing, management, property development by its affiliate, The Petrous Group, and construction by its affiliate, Rupe Building Co.
NAI Petrous LLC assists clients with leasing, selling and managing retail, office and industrial properties and land, and offers construction management.