Cambridge Reports Loans Down in First Half

Cambridge Realty Capital Companies reports that loan origination requests processed by the company during the first half of the year were down 16.6 percent from 2008 totals.
The company reviewed 145 loan origination requests totaling $2.05 billion during the first six months of 2009. This compares with 174 loans totaling $2.7 billion for the same period last year.
In June, Cambridge reviewed 15 loan requests totaling $249.5 million, compared with 22 loans totaling $250.8 million in June 2008.
Cambridge has three distinctive business units: FHA-insured HUD loans, conventional financing and investments and acquisitions.
Flintco Tribal Liaison Named Minority Advocate of the Year
Vernelle Chase of the Flintco Cos., Inc., the largest Native American-owned company and one of the largest commercial contractors in the nation, has been named Minority Advocate of the Year by the Oklahoma Native American Business Enterprise Center.
Chase, the tribal liaison for Flintco’s Native American Division, has worked with the company for 14 years and is a member of the Gros-Ventre tribe.
Chase participates in several Native American business organizations including the Council for Tribal Employment Rights, American Indian Chamber of Commerce and the Oklahoma and New Mexico Native American Business Enterprise Centers.
Chinowth & Cohen Associate Earns Five Star Certification
Chinowth & Cohen Realtors Owasso Associate Lori Anderson was recently awarded the Five Star designation through the Five Star Institute.
Anderson is a licensed broker with more than eight years of residential real estate experience.
The industry recognized Five Star Professional certification is received when five or more courses from a comprehensive educational curriculum are completed. Coursework is designed and taught by the leaders of the default servicing industry.
Commercial Associates Join C&C Commercial
C&C Commercial Realtors, a division of Chinowth & Cohen Realtors, has added Bill Rich and Karen Loudermilk to its Tulsa brokerage team as commercial sales associates. In his new position, Rich is responsible for leasing retail properties, representing local and national retailers, property acquisition, property management and land development. Rich has more than 30 years experience in commercial and residential real estate. He has been a broker in Oklahoma since 1978.
Prior to joining C&C Commercial Realtors, Rich worked for the David Rich Co. as a leasing and sales associate of office space, commercial/industrial land and buildings. In 2001, Rich branched into residential sales and leasing. In addition to his real estate background, for several years, Rich owned a specialty advertising company and is currently an investor in multiple private businesses.
Rich earned a Bachelor of Science degree in advertising from the University of Texas.
Loudermilk joined C&C Commercial Realtors after 20 years in the finance industry and 12 years in residential real estate. Prior to joining C&C Commercial, Loudermilk was the co-founder and CFO of ENOSERV, LLC, an engineering technology firm. She remains the managing member and oversees financial guidance.
In her new position at C&C Commercial Realtors, Loudermilk is responsible for commercial sales and the leasing of office and retail space.
Loudermilk was born in Germany and immigrated to the U.S. in 1967. She attended high school in Tulsa and college at Oklahoma State University. She is active in several community organizations including Oklahoma State University Alumni Association, Bixby Community Outreach Center Board of Directors, Ronald McDonald House Charities and served as a former advisory board member of the OSU-Okmulgee Information Technology School and Grand Bank.
Materials Prices Rise
Prices for construction materials inched up 1 percent in June, according to the producer price index report by the U.S. Labor Department.
Material prices feeding the increase include prepared asphalt and tar roofing, up 5.6 percent from May.
Softwood lumber prices jumped up 1.7 percent in June and nonferrous wire and cable prices were up slightly at 0.8 percent from May.
“Recent reports indicate that a combination of factors continues to place upward pressure on construction input prices despite the ongoing global economic downturn,” said Associated Builders and Contractors Chief Economist Anirban Basu. “One of those factors is China, which has introduced its own stimulus package of several hundreds of billions dollars with an intense focus on infrastructure. Moreover, the U.S. stimulus package is also likely having an impact on materials prices due to the anticipation of significant future construction.”
Shipping Through Catoosa Increases
Several commonly-transported products saw modest increases in both incoming and outgoing shipments at the Tulsa Port of Catoosa in June.
Notable shipping increases by product type included bulk and scrap steel, wheat and liquid fertilizer. Other products handled by barge included caustic soda, asphalt and calcium chloride.
In the first six months of this year, 1.1 million tons of freight have passed through the Tulsa Port of Catoosa on 646 barges, nearly identical to the 2008 mid-year totals of 1,080,740 tons and 661 barges.
The Tulsa Port of Catoosa is the head of navigation for the McClellan-Kerr Arkansas River Navigation System.
The 2,500-acre port complex offers industrial sites for lease, and its Riverview Business Park, adjacent to the Port, offers property for sale.
Together they are home to more than 60 companies employing nearly 3,000 employees.
Neighborhood Completes 2025 Project
The Reservoir Hill Neighborhood Association, through the Vision 2025 Neighborhood Fund, completed the nearly $24,000 restoration of a historic landmark that guided aviators to Tulsa.
The sign, made of crushed white marble, is composed of 50-foot letters that spell “TULSA” and an arrow pointing to the airport.
When the sign first was built on top of the Reservoir Hill water storage tank, the arrow pointed to Tulsa’s airport at McIntyre Field, near Admiral Blvd. and Sheridan Road.
The new version of the sign was built 300 feet east of the original location and points to the present-day Tulsa International Airport.

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