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Mcgraw Realtors Expands to OKC, Arkansas by JANICE FRANCIS-SMITH “Even Though We Have Been Doing Business Broken Arrow, Owasso and Langley

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Mcgraw Realtors Expands to OKC, Arkansas by JANICE FRANCIS-SMITH “Even Though We Have Been Doing Business Broken Arrow, Owasso and Langley YOUR BUSINESS IS OUR BUSINESS VOL. 125 NO. 33 ■ JOURNALRECORD.COM Part of the network 2 SECTIONS ■ MONDAY, FEBRUARY 17, 2020 ■ $1.00 McGraw Realtors expands to OKC, Arkansas BY JANICE FRANCIS-SMITH “Even though we have been doing business Broken Arrow, Owasso and Langley. The Journal Record in Oklahoma for over 82 years, we all have Acquiring Anderson Properties in Okla- an incredible feeling that we are just getting homa and Arkansas brings McGraw’s total Tulsa-based McGraw Realtors, which claims started,” Bill McCollough, president and CEO number of offices to 18, providing a presence in the title of Oklahoma’s largest independent real of McGraw Realtors since 2017, said in a state- Oklahoma City, Midwest City, Edmond, Yukon, estate company, doubled in size and expanded ment announcing the acquisition. Ada, Bartlesville, Enid, Grove, Pawhuska and its reach into Oklahoma City with its recent ac- McGraw Realtors has served Tulsa and Rowland in Oklahoma, as well as in the Arkan- quisition of Anderson Properties in Oklahoma northeast Oklahoma since 1938. Prior to the Bill and Arkansas. acquisition, McGraw had five offices: in Tulsa, Turn to REALTORS » p14 McCollough INSIDE 02.17.2020 Strong Foundation Legacy of Dolese Bros. Co. set in « 2 » Development plan approved for Okla. stone OKC apartment building The Residences at Classen Curve are on schedule to break BY STEVE METZER ground in April, after clearing The Journal Record another permitting hurdle at the Oklahoma City Planning OKLAHOMA CITY – Other Commission on Thursday . companies with names like Devon and Chesapeake benefit from being identified with some of the most iconic buildings in Oklahoma. « 2 » And that’s OK with Mark Helm. ADDvantage Technologies He knows that deep within the bones reports quarterly loss of those better-known companies – ADDvantage Technologies or at least within the bones of their Group Inc . reported a net buildings – lies his own Dolese Bros. loss for the first fiscal quarter Co. ended Dec . 31 of $1 7. million . Were it not for Dolese Bros., the Devon Energy Center as it now stands as the most recognizable « 3 » building in Oklahoma City would Hall of Fame elects chairman, not be. Were it not for Dolese, the board members The Oklahoma Chesapeake Energy Arena would not Hall of Fame elected Bruce stand as it does, as the proud home Benbrook of Woodward as of the Oklahoma City Thunder. board chairman . Other Oklahoma icons, too, like Route 66, owe their existence at least in part to the Dolese Bros. Co., which traces its history to before « 9 » statehood and was there, literally, Rig count steady for state, at the foundation of communities nation Oklahoma’s active rig from Altus to Woodward and from count for the week ended Bartlesville to Idabel. In fact, few Friday was unchanged at 50, Dolese Bros. Co. President Mark Helm stands with a display of photos and artifacts dedicated to the Baker Hughes reported . Turn to LEGACY » p14 company’s long history in Oklahoma. PHOTO BY STEVE METZER News in Brief . 4A CRUDE OIL NATURAL GAS GASOLINE Around Town . 6A Week in Review . 7A Energy . 8A .63 .011 .0031 Business Album . 15A Classifieds . 1B. Public Notices . 2B. Mar $52.05 Mar $1.837 Mar $1.5833 2A « February 17, 2020 « THE JOURNAL RECORD « journalrecord.com Development plan approved for OKC apartment building BY JANICE FRANCIS-SMITH The Journal Record OKLAHOMA CITY – The Residences at Classen Curve are on schedule to break ground in April, after clearing another permitting hurdle at the Oklahoma City Planning Commission on Thursday. But by the time leasing for the multifamily development begins in 2021, the property at 1140 NW 63rd St. in Oklahoma City will no longer be called the Residences at Classen Curve. “Residences at Classen Curve – that is a placeholder name,” Tom D’Arcy, senior managing director for Hines, told planning commissioners. “We actually met with Ghost, which is a marketing firm here on Broadway in Automobile Alley this morning, and we’ll be moving forward with a name and a marketing campaign here shortly.” Hines is a global real estate investment, development and management firm based in Houston that has been developing properties in Oklahoma City since 2010. The firm worked on the Devon Energy Center and Bank of Oklahoma buildings downtown. D’Arcy works in the firm’s Chicago office, which serves the Midwest region. A rendering shows what The Residences at Classen Curve, a multifamily housing development slated to begin construction in 2020, will “This project we were very excited look like. PHOTO COURTESY HUMPHREYS CAPITAL to be a part of,” said D’Arcy. “We think of it sort of as the doughnut in the hole, located within the retail center, near closing our construction loan. Our plan The city’s staff report on the application it’s almost the final completion of a Whole Foods and Trader Joe’s, though just from a scheduling standpoint is to shows the ratio of units to parking spaces wonderful mixed-use plan. … I believe the residence building will not include break ground in the middle of April, for most Hines developments averages the only two pieces that are left in this retail space. and from that point forward our first 1.52. In Oklahoma City, residential overall master plan is the hotel, which A legal challenge to the development units will be delivered in 16 months. So developments average 1.55 spaces per we are not a part of, and Washington brought against Washington Prime by we’re talking mid-2021 will be our first unit and 1.06 spaces per bedroom. The Prime has some retail envisioned on the a resident of neighboring Nichols Hills rentals.” application for the Residences at Classen northern boundary, along 63rd Street.” has since been “resolved favorably,” said Planning commissioners approved a Curve shows the project has a ratio of Hines, in partnership with Oklahoma attorney David Box, who also spoke specific plan for the development under 1.63 parking spaces per unit, or 1.17 City-based Humphreys Capital, is to commissioners on behalf of the its Planned Unit Development zoning. spaces per bedroom. purchasing the land for the development application at Thursday’s meeting. Box noted that the 326 units under “The parking is concentrated in from Washington Prime, the Columbus, “I know there’s been a couple of development are significantly less than a structure, as opposed to a surface Ohio-based company that owns Classen people who have swung at this pitch, but the 500 allowed under the zoning, and parking lot,” reads the report. “In Curve, Nichols Hills Plaza and The we’re confident that we can go forward,” the 533 parking stalls dedicated for use addition, the structure is significantly Triangle at Classen Curve. The 326- said D’Arcy. “We actually have all of our of the residential building exceed the screened behind the proposed unit multifamily development will be equity raised and are in the process of ratio for comparable projects. residential building.” ADDvantage Technologies reports quarterly loss BY JOURNAL RECORD STAFF ers Branch, Texas. The company’s Nave operations consisted of Tulsat LLC, of weather and the holiday season, as FARMERS BRANCH, Texas – AD- Communications segment is based NCS Industries Inc., ADDvantage well as unexpected geographic shifts Dvantage Technologies Group Inc. in Jessup, Maryland, and its Triton Technologies Group of Missouri Inc., in customer demand at Fulton. These reported a net loss for the first fiscal Datacom segment is based in Miami, ADDvantage Technologies Group of factors negatively impacted margins and quarter ended Dec. 31 of $1.7 million, Florida. Texas Inc. and Tulsat-Atlanta LLC. profitability, but are not unusual for this or 17 cents per diluted share, com- On June 30, AD- In December industry from time to time.” pared with a net loss of $1 million, or Dvantage Technolo- 2018, ADDvantage Revenues for the wireless segment for 10 cents per diluted share, for the first gies Group completed Technologies Group the first quarter totaled $6.8 million for quarter of the previous fiscal year. the sale of its cable completed the sale of the three months ended Dec. 31, 2019. ADDvantage reported adjusted television segment its property at 1221 E. The company did not report any rev- earnings before interest, taxes, depre- to Leveling 8 Inc. for Houston St. in Broken enues for the Wireless segment for the ciation and amortization for the first $10.3 million. Arrow for $5 million. three months ended Dec. 31, 2018. quarter of $1.3 million, compared with Leveling 8 is wholly The buyer was David Sales for the Telco segment increased a loss of $655,000 a year earlier. David owned by David E. Joe Chymiak LLC, a com- $314,000, or 5%, to $7.2 million for the Sales for the first quarter increased Chymiak Chymiak, a substan- Hart pany controlled by first quarter from $6.8 million a year 105% to $14 million from $6.8 million tial ADDvantage Chymiak. The build- earlier. The increase in sales resulted a year earlier. The increase in sales shareholder. He is still ing was purchased for primarily from an increase in equipment was driven by an increase in revenue a member of the ADDvantage board of Tulsat’s cable television operations. sales combined with a modest increase in in the Telco segment and the January directors. He was ADDvantage’s chief “We continue to make progress in recycling revenue. 2019 acquisition of Fulton Technolo- technology officer from April 2, 2012 the company’s transformation and “In our Wireless Segment, our near- gies to create the company’s Wireless until June 30, 2019.
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