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September 18, 2013
5-day Forecast Tulsa World  
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13 killed in Washington shooting rampage

A defense contractor employee went on a shooting rampage Monday inside a building at the heavily secured Washington Navy Yard, spraying bullets in the hallways and firing from a balcony onto office workers in an atrium below, authorities and witnesses said. Thirteen people were killed, including the gunman.

 
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OSU will investigate claims made in Sports Illustrated series

Citing a strong appetite for its "Dirty Game" series on Oklahoma State football, Sports Illustrated released the fifth and final chapter a day earlier than originally announced.

 
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BNSF to invest $125 million in state projects

BNSF Railway Co. announced Monday it is spending $125 million to expand and improve its system in Oklahoma. Projects will include a new bypass connection at the Cherokee rail yard in west Tulsa and extending a siding area on the carrier's tracks near Mannford.

 
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Shooting At Navy Yard

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Albums of autumn: 22 new and upcoming music releases to get excited about

As summer fades, so do the songs and sounds of summer. But that gives way to a fall music bonanza.

 
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Tulsa Real Estate

News about commercial and residential real estate with the latest reports on construction and development.
HEADLINES
Home construction up 24 percent in metro Tulsa this year

Home construction up 24 percent in metro Tulsa this year   9/14/2013

New home construction in the Tulsa region from January to August is outpacing last year's numbers, a continuation of the upward tick that started in 2012 following a six-year slide.

30-year mortgage rate steady at 4.57 percent   9/13/2013

Average U.S. rates on fixed mortgages held steady this week, hovering near two-year highs. But rates could change quickly next week when the Federal Reserve addresses its bond purchase program.
Society of Exploration Geophysicists breaks ground on new headquarters

Society of Exploration Geophysicists breaks ground on new headquarters   9/13/2013

A groundbreaking Thursday on the Geophysical Resource Campus is significant not only for the Society of Exploration Geophysicists, which is putting up a four-story building, but also for the tight Class A office space market in Tulsa.

New energy office space under construction in south Tulsa   9/12/2013

The SEG is investing about $20 million in a new four-story building that will be situated across from its existing four-story headquarters building which was built on an 11-acre park-like setting at 8801 S. Yale Ave. about 30 years ago.
Tulsa metro home foreclosures steadily creeping downward

Tulsa metro home foreclosures steadily creeping downward   9/12/2013

Foreclosures in the Tulsa metro area, as well as the state and the nation, continued to drop steadily in August, leaving at least one industry expert to worry about other things such as the interest rate, which is creeping toward 5 percent.
4 apartment complexes to be sold at auction

4 apartment complexes to be sold at auction   9/7/2013

A Tulsa-based real estate company is preparing to auction four local apartment complexes after investing $1 million in improvements and greatly increasing occupancy.

Kanbar settles age discrimination suit for $140K   9/4/2013

A former Kanbar Property executive reportedly fired an employee because he wanted “younger and prettier” property managers.

Home-sales gauge slips but remains solid   8/29/2013

Fewer Americans signed contracts to buy U.S. homes in July, but the level stayed close to a 6 1/2-year high. The modest decline suggests higher mortgage rates have yet to sharply slow sales.
Foreclosed-home sales rise in Oklahoma

Foreclosed-home sales rise in Oklahoma   8/29/2013

Sales of foreclosed homes in Oklahoma are on the rise, according to the latest data.
Consumer confidence rises as job, housing markets improve

Consumer confidence rises as job, housing markets improve   8/28/2013

Americans' confidence in the economy inched closer to a 5 1/2-year high on growing optimism that hiring and wages could pick up in coming months.

State Farm to sell, lease back Tulsa Operations Center   8/27/2013

State Farm's Operations Center in east Tulsa is among 23 facilities in 18 states that the insurance company said it will put on the market to sell and lease back from a single buyer.

Gateway Mortgage to build new headquarters, multiuse complex in Jenks   8/24/2013

Gateway Mortgage Group of Tulsa is planning to build a new headquarters at the southeast corner of U.S. 75 and Main Street in Jenks in a development that would include an office complex, hotel, restaurants and other retail uses.
Mortgage rate hits 4.58 percent, two-year high

Mortgage rate hits 4.58 percent, two-year high   8/23/2013

Average U.S. rates for fixed mortgages rose this week to their highest levels in two years, driven by heightened speculation that the Federal Reserve will slow its bond purchases later this year.
Court halts Vandever Building changes

Court halts Vandever Building changes   8/23/2013

The historic Vandever Building’s conversion into a 44-unit apartment building with street-level retail has hit a snag with its adjoining neighbors, who have obtained a temporary restraining order halting construction of a parking garage in the Vandever basement.
Fed bond buying scale-back to affect mortgage rates

Fed bond buying scale-back to affect mortgage rates   8/23/2013

Mere spoken words can roil mortgage lending - and did, when Federal Reserve Chairman Ben Bernanke said in June that the Fed could scale back bond buying later this year: Loan rates are still heading up.
July home sales reflect economic health

July home sales reflect economic health   8/22/2013

For the first time since 2009, previously occupied U.S. homes are selling at a pace associated with a healthy market.

Pace of home-building jumps in July across U.S.   8/17/2013

Developers across the nation broke ground on new homes at a faster pace in July, partly reversing a sharp drop in the previous month. The figures suggest that housing construction is maintaining its recovery.

Average rate on mortgages stays at 4.4 percent   8/16/2013

The nation's benchmark mortgage rate remained at the same level for a second week, giving prospective home buyers more time to lock in historically low borrowing costs.
Homebuilder confidence high as construction picks up

Homebuilder confidence high as construction picks up   8/16/2013

Confidence among U.S. homebuilders is at its highest level in nearly eight years, fueled by optimism that demand for new homes will drive sales growth into next year.
Tulsa-area foreclosures down in July

Tulsa-area foreclosures down in July   8/16/2013

Tulsa-area foreclosures decreased significantly in July, though the year-to-year drop was eclipsed by the rapidly falling national average.

Tulsa-area foreclosures decline in July   8/15/2013

The resulting foreclosure rate of one for every 829 households is down 22.1 percent from June and 14.2 percent from July 2013.
Tulsa office vacancies decline slightly

Tulsa office vacancies decline slightly   8/15/2013

Tulsa-area office vacancies declined slightly in the first half of 2013, according to an industry report.
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