Shops at Moore purchased
MOORE — Chicago-based Inland Diversified, an arm of Inland Real Estate, has completed its court-approved $38.75-million purchase of the Shops at Moore out of bankruptcy from developers Burk Collins' and William Lippman's company, Moore Sorrento LLC. David Disney, president-partner of UCR Investment Sales in Dallas, represented the seller. Collins and Lippman developed the Shops at Moore, southeast of S 19 Street and Interstate 35 in 2004-2005. Refinancing got caught in the recession-related credit squeeze. The lender started foreclosure proceedings and Moore Sorrento LLC filed for Chapter 11 bankruptcy protection. Collins retains out-parcels and interest in a planned 17,925-square-foot addition.
Green summit set in housing
The Oklahoma Green Building Summit for residential and commercial builders, Realtors, architects, engineers and others in construction will be from 8:30 a.m. to 5 p.m. Sept. 27 at Midwest City's Reed Center. Early registration is $50. For a schedule and registration, go to www.okgreenbuildingsummit.com. Educational tracks will be offered to four distinct audiences: commercial builders, residential builders, HVAC/code enforcement and appraisers/Realtors. Continuing education credits will be available for Certified Green Professionals, Certified Professional Builders and Realtors. Realtors can earn up to one-third of their Green designation with this class. The state Construction Industries Board is considering credit hours for home inspectors and code officials.
Home Investment program OK'd
Oklahoma Housing Finance Agency's Board of Trustees approved Home Investment Partnerships Program contracts to provide funding for single-family rental housing: