Cassetty Takes Office at OSHBA

Bill Cassetty, newly-elected president of the Oklahoma State Home Builders Association, has a lot on his plate considering he was sworn into office last month just as Oklahoma was starting to feel the weight of a housing slump on both Coasts.
Cassetty, hailing from Broken Arrow, is president of Billy Cassetty Co., a restoration, remodeling and repair company, and a partner in Bixby building company HC Homes.
The first thing Cassetty wants to do is restore consumer confidence in the Oklahoma housing market.
“We had a meeting with all the bankers, lenders and real estate people recently, and the consensus was that Oklahoma is OK,” Cassetty said. “We never had the inflationary profits like the coasts did, so if your profit margin was stable going into the recession, you have stayed stable. Homes in the $250,000 to $300,000 range have seen record sales.
“We need to get the word out that we are OK. There is a ton of money available at historically low rates. The standards to get that money are going to be a little tougher, but they should have been all along. I expect to see us come out of this by the end of the year.”
Aside from restoring public trust, Cassetty wants to work with lawmakers on a key reforms.
“We’re trying to address impact fees to make them a little more uniform,” Cassetty said. “How it is now, the cities can pass impact fees, how much they charge for hooking into the utilities, as they see fit, which severely impacts the cost of a home. We are also trying to develop statewide building codes. There are some pretty lax codes in rural areas, and home buyers there don’t have any protection.”
Immigration reform is also something Cassetty would like to see.
“Look, our home builders don’t support any type of illegal immigration,” Cassetty said. “The problem with House Bill 1804 is that it really went too far. A lot of the Hispanic workforce decided there was a friendlier atmosphere in neighboring states like Kansas and Texas, and left to go work there. That was a large pool of very talented, very hardworking laborers that we don’t have any more. We continue to be opposed to HB 1804.”
The Oklahoma State Home Builders Association is a not-for-profit, professional trade organization which is an advocate for the state’s housing industry and serves 3,300 members. The association is a corporate channel through which builders contribute time, money and services to local community service projects and education initiatives. Cassetty will serve a one-year term as president of OSHBA.
ABC Opposes Executive Order
Associated Builders and Contractors denounced an executive order signed by President Obama that repeals Executive Order 13202, that prohibited federal agencies and recipients of federal funding from requiring contractors to sign union-only project labor agreements as a condition of performing work on federal and federally funded construction projects.
A union-only PLA is a contract that requires a federal construction project to be awarded only to contractors and subcontractors that agree to recognize unions as the representatives of their employees on that job; use the union hiring hall to obtain workers; pay union wages and benefits; and obey the union’s restrictive work rules, job classifications and arbitration procedures.
“The decision to repeal Executive Order 13202 opens the door to waste and discrimination in federal and federally funded construction contracts,” said ABC President and CEO Kirk Pickerel. “This action removes the safeguards that prohibited discrimination based upon union affiliation in the awarding of federal contracts. Absent the economic benefits of competitive bidding, union-only PLAs are known to increase construction costs between 10 percent and 20 percent and discriminate against minorities, women and qualified construction workers who have traditionally been excluded from union membership.”
Nabholz Names New Executive VP
Nabholz Construction CEO Bill Hannah announced the appointment of Scott Skidmore as Executive VP for Nabholz Construction.
Founded in 1949, Nabholz Construction is one of the nation’s leading general contractors and construction managers.
The company is employee-owned, licensed in thirty-eight states and has offices in Oklahoma, Arkansas, Missouri and Kansas.
Property Near BOK Center Sells
Cheyenne Development LLC purchased a 15,448-SF building located at 201 S. Cheyenne, directly across from the BOK Center, for $1 million.
The seller was GeoTrend LLC.
Cheyenne Development said the purchase was for investment purposes.
Monty Berry, CCIM of NAI Commercial Properties was transaction broker to both the buyer and seller.
Berry also recently brokered the sale of an 18,061-SF multi-tenant office building at 4444 E. 66th St. The sales price was $950,000.00.
The seller was Jandebeur Investments Corp., and the buyer was Mark II Properties and Investments.
Commerce Bank handled the financing for the buyer in the transaction. David Momper of ReMax Executives was transaction broker to the buyer.
New Store to Open in Woodland Hills Mall
Woodland Hills Mall has announced the addition of the first aerie by American Eagle in Tulsa.
The intimates and dormwear collection brand store will open this spring.
“We’re very excited about adding aerie to our diverse retail mix,” said Jenna Rupprecht, director of marketing and business development at Woodland Hills Mall.
The 4,500-SF store will be located on the upper level next to the Gap.
Woodland Hills Mall is managed by Simon Property Group Inc.
Patterson Announces Annual Awards
Chuck Patterson, chairman and CEO, together with his staff, sales associates and celebrated Patterson Realtors Annual Award Meeting Jan. 21, 2009, at the Tulsa Country Club.
The following Annual Awards were presented:
Agent of the Year 2008 — Royce Ellington
Team of the Year 2008 — Kirk and Lisa Welch
Commercial Agent of the Year 2008 — Steve Cox
Wayne Patterson Exceptional Achievement Award — Susan Olivarez
Top Listing Agent of the Year 2008 — Bill Simpson
Top Selling Agent of the Year 2008 — Bill Simpson
Top VIB Agent of the Year 2008 — Royce Ellington
Top Referral Agent of the Year 2008 — Royce Ellington
Leta Warren also celebrated her 30th anniversary with the company.
KKT Announces Principals
Yolanda Wright, Diane Hensley and Carson Smith have been named as principals with the architecture, interiors and engineering firm Kinslow, Keith & Todd Inc.
Wright is a graduate of OSU with a degree in interior design. She has been with KKT for 19 years and will focus on tenant planning.
Hensley has a degree in interior design from OSU and has been with KKT for 19 years. She will be responsible for full service interior design projects as well as lead interior designer for medical projects.
Smith is a graduate of OSU with a degree in architecture. He has been with KKT for 14 years and will focus on adaptive reuse and renovation projects.
2009 marks the 20 year anniversary of KKT.
Car Wash Changes Hands
The W.O. Smith Trust purchased the Select Car Wash at 3021 W. Kenosha St. in Broken Arrow.
The seller was Builders Development Corp. Purchase price was $725,000.
The 52,290-SF car wash has 8 hand wash car bays, 2 automatic car wash bays and 8 vacuum stations.
Doug Bauer, CCIM and Grover Bauer, CCIM, SIOR with Bauer & Associates handled the sale.
LEASES
Doyle George has renewed his 280-SF office lease in the Heritage Center at 4425 E. 31 St., Ste. H. 6380 Properties LLC is the owner of the center. Charlie Northcott with Property Specialists Inc. handled the lease.
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Ron Harper, owner of USA Decks, has leased 120 SF of office space in the Heritage Center. 6380 Properties LLC is the owner of the center. Charlie Northcott with Property Specialists Inc. handled the lease.
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Touch of Serenity has renewed its 150-SF lease in the Heritage Center. 6380 Properties LLC is the owner of the Center. Charlie Northcott with Property Specialists Inc. handled the lease.
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Dr. Tinnakon Xaiyaratt has leased 1,350 SF in the 5400 Mingo Center for his Chiropractic and Accupuncture Clinic. Sheridan Royal Properties-Mingo LLC is the owner of the center. Charlie Northcott with Property Specialists Inc. handled the lease.
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Coldwell Banker Commercial Argue Properties announced a 10-year lease with chiropractors Scott Aldridge and Travis Dust. The tenant will occupy a 2,600-SF space in a recently constructed medical building in Owasso Medical Park. The 5,200-SF building is owned by OMBG LP. Terry Argue of Coldwell Banker Commercial Argue Properties was the sole broker for this transaction.
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All-Pro Fasteners Inc. has renewed their lease for 11,616 SF at Expressway Center, 3701 S. 73rd East Ave. Bobby Pielsticker, SIOR with CB Richard Ellis/Oklahoma handled the negotiations.
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City of Tulsa has renewed their lease for 9,962 SF at Expressway Center, 3719 S. 73rd East Ave. Bobby Pielsticker, SIOR with CB Richard Ellis/Oklahoma handled the negotiations.
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QuikTrip Corp. has renewed their lease for 7,820 SF at Freeport Trade Center I, 3148 S. 108th East Ave. Bobby Pielsticker, SIOR with CB Richard Ellis/Oklahoma handled the negotiations.
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Geotechnical and Testing Services Inc. has leased 7,500 SF at 5454 S. 103rd East Ave. Tom O’Brien, SIOR, CCIM, Matt Klimisch, SIOR, CCIM and David Glasgow with CB Richard Ellis/Oklahoma handled the negotiations.
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Sooner Graphics Supply Inc. has renewed their lease for 5,808 SF at Expressway Center, 3743 S. 73rd East Avenue. Bobby Pielsticker, SIOR with CB Richard Ellis/Oklahoma handled the negotiations.
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LT Mapping has renewed their lease for 4,450 SF at Business Commons Tech Center, 12211 E. 51st St. Bobby Pielsticker, SIOR with CB Richard Ellis/Oklahoma handled the negotiations.
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Performance Auto Care has leased 1,500 SF at 56th Street Warehouse, 11119 E. 56th St. Tom O’Brien, SIOR, CCIM, Matt Klimisch, SIOR, CCIM and David Glasgow with CB Richard Ellis/Oklahoma handled the negotiations.



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