Since Bluestem’s inception in 2014, it has been our pleasure to insure some of Oklahoma’s most significant real estate transactions.
We have insured the sale and financing of a major cancer treatment and research facility in Tulsa. The new $60 million treatment center is the state’s single largest medical facility built by a group of private physicians. This facility provides state-of-the art treatment and support for cancer patients and their families in a LEED-certified building designed to promote wellness and healing.
We have closed the acquisition and insured construction financing for Tulsa’s newest boutique hotel, which is located in the historic Blue Dome District. This 96-room hotel features a rooftop bar with stunning sunset views of downtown Tulsa. It now serves as a popular destination for those taking in downtown concerts, sporting events, museums or nights out on the town.
We insured a “synthetic leasehold” transaction involving a major industrial facility in Oklahoma City. In order to satisfy the title insurance needs of the various parties to the transaction, we issued three separate policies, each in the amount of $95 million. Because of our experience with complex real estate transactions, and our relationship with our national underwriters, we were able to insure a transaction which would be outside the reach of most independently owned title agents.
We recently served as closing and title agent for a new mixed-use development in one of Tulsa’s surrounding communities. Project costs are expected to reach nearly $20 million. This exciting project is a collaboration between the local municipality, economic development corporation and private investors. The project will include retail, restaurant, multi-family residential and office spaces.
We have closed and insured many of the buildings which make up Tulsa’s skyline. Recent examples include a sale of multi-story office building acquired by Tulsa County for a much-needed expansion of office space to be used for governmental functions.
The multifamily housing market has been strong in recent years, and we are proud to have closed the sale, financing and re-financing of many multifamily housing projects, ranging in size from small to very large. One recent transaction involved the sale by local owners of 4 separate projects, ranging in value from $9.8 million to $2.5 million.