Archive for February, 2011

RREEF Sells off Industrial Portfolio

Friday, February 11th, 2011
 
Atlas ACR purchased 568,551 sq. ft. from the Oklahoma City industrial portfolio owned by investor RREEF. The purchase price was $19.8 million.
 
Enterprise Distribution Center & Greenfield Business Park are located in Oklahoma City’s industrial corridor in the southwest submarket.
 
The buildings purchased include:
901 Enterprise Avenue
1001 Enterprise Avenue
1101 Enterprise Avenue
1025 Enterprise Avenue
1131 Enterprise Avenue
235 North MacArthur Boulevard
5924 Northwest 2nd Street
6000 Northwest 2nd Street
6100 Northwest 2nd Street
 
The deal was brokered by David Portman, CCIM and John C. Lenochan, SIOR, CCIM with CB Richard Ellis|Oklahoma.

Obama to Owners: Go Green

Sunday, February 6th, 2011

U.S. President Barack Obama issued new proposals to entice developers and owners to make all commercial buildings at least 20% more energy efficient over the next 10 years.

Obama launched the new “Better Buildings Initiative” during a speech at Penn State University last week.

Here is the story from Engineering News-Record (a great magazine for anyone with commercial real estate in their blood).

And here’s a great example of a recent program launched to retrofit a major federal office tower in downtown Cleveland, courtesy of respected Chicago architecture critic Blair Kamin.

Spying on Devon’s Big New HQ

Thursday, February 3rd, 2011

Devon Energy’s new headquarters tower now under construction in downtown Oklahoma City is still one of the country’s largest developments currently with cranes circling overhead.

The 50-story, $750 million project, which broke ground in October 2009, is set for completion in 2012.

Here is a look at the latest construction cam image — courtesy of www.OKCTalk.com — to give you a sense of its progress on the skyline (that white stuff on the ground is snow from the recent blizzard that struck the city):

DevonConstructionCam