9/25/14: $1.8 million in building permits for tenant finish out on all four floors.

LINN Energy is set to move it's Oklahoma City operations into a new $20 million office building to be constructed at 14701 Hertz Quail Springs Parkway.

LINN is headquartered in Houston with 1,100 employees nationwide and approximately 130 in Oklahoma City.

The new 4-story, 109,000 square foot building will be developed by Greenstone Properties of Alpharetta, Georgia. Construction should start later this year and take approximately 12 to 18 months to complete. Architects are Wakefield Beasley & Associates of Atlanta.

LINN has been growing rapidly and currently leases space at 14000 Quail Springs Parkway.

http://www.linnenergy.com/




http://www.okctalk.com/images/pete/linn1.jpg


http://www.okctalk.com/images/pete/linn3.jpg



http://www.okctalk.com/images/pete/linn.jpg

Their current building seems pretty nice. That whole area is really cool! This will be good it seems.

They are growing fast and adding lots of high-paying jobs in OKC.

And this scale of construction is always good for the local economy.


Tucker's picked a good spot for their far north location, as this is just a couple of blocks away. Not long after they open, they should be seeing a drove of hungry construction workers.

Nice to see. I remember back in the prime days of 'Mystery Tower' thread - I posted about LINN and upping their presence in OKC. My post was laughed at on the Houston boards. This one feels good.

I would love for (and can see) LINN to eventually become a larger OKC presence, notably downtown.

Most cities have multiple centers of economic activity. It's nice to see the current boom that is happening in the Memorial/Quail Springs area. I've said since I've lived here that the area has the most potential to become OKC's "cool" suburban area.

There are a bunch of energy companies up in that area.

Most cities have multiple centers of economic activity.

Really?

Really?

No need for the sarcasm when I am actually posting something positive.

Some cities have multiple centers, some have been better at maintaining centrality. You can point to a corporate park in any city but the question is if it significant.

Bookings did conclude that downtown OKC is losing ground to the rest of the metro in employment figures. Case studies alone do not give an accurate picture bc it's easy to fixate on Devon or in this thread, Linn. Linn is a ripple and Devon is a big wave, but there is still the ocean. Most of OKC's largest employers are 5-10 miles out.

They are growing fast and adding lots of high-paying jobs in OKC.

And this scale of construction is always good for the local economy.


Tucker's picked a good spot for their far north location, as this is just a couple of blocks away. Not long after they open, they should be seeing a drove of hungry construction workers.and more to come after this I'm sure

Some cities have multiple centers, some have been better at maintaining centrality. You can point to a corporate park in any city but the question is if it significant.

Bookings did conclude that downtown OKC is losing ground to the rest of the metro in employment figures. Case studies alone do not give an accurate picture bc it's easy to fixate on Devon or in this thread, Linn. Linn is a ripple and Devon is a big wave, but there is still the ocean. Most of OKC's largest employers are 5-10 miles out.

OKC is really no different than most cities in the southern tier of the US as far as "jobs sprawl" is concerned. If anything it seems the plurality of the metros jobs and the majority of the metros white collar jobs are located within 5 miles of the city center. Downtown, State Capitol, OUHSC, Chesapeake, Dell, Integris, and all of the offices along NW Expressway all lie within 5 miles.

If you want to stretch it out to 7 ot 8 miles, you can include most of TAFB as well. I can't really think of any large employers any further than that besides FAA, Hobby Lobby, a handful of hospitals, and depending on your definition of the "core city", OU-Norman Campus. And a lot of these are in industries that would not work in a dense urban core.

In any event, didn't mean to change the subject. Linn is a good company and if they build on th outskirts I would much rather them add to an existing development rather than in the middle of some cornfield. Good win for OKC.

Applications today for two construction trailers for this project.

Dirt should be moving very soon.

Oh hell yeah, Linn. We like doing work for them. They provide catering. Lol. Very nice of them.

From what I've read and heard, LINN has a very upbeat and progressive corporate culture.

They take good care of their employees and people seem to really like working for them.

Off topic question, but who's football stadium is that?

Off topic question, but who's football stadium is that?

Crossings, private Christian school and church at Memorial & Portland.

Gotcha, never heard of it. Looks like a nice newer stadium.

Devon Energy sells assets to Linn Energy for $2.3B - Houston Business Journal (http://www.bizjournals.com/houston/morning_call/2014/06/linn-buys-devon-assets-in-multibillion-dollar-deal.html)


Houston’s Linn Energy LLC (Nasdaq: LINE) and LinnCo LLC (Nasdaq: LNCO) said June 30 that Linn has agreed to acquire assets from Oklahoma City-based Devon Energy Corp. (NYSE: DVN) for $2.3 billion.

The deal is for approximately 900,000 net acres across the Rockies, Mid-Continent east Texas, north Louisiana and south Texas regions with approximately 4,500 total wells. They're currently producing 275 million cubic feet equivalent per day, 80 percent of which is natural gas.

Linn also identified more than 1,000 future drilling locations and more than 600 recompletion opportunities.

Devon Energy sells assets to Linn Energy for $2.3B - Houston Business Journal (http://www.bizjournals.com/houston/morning_call/2014/06/linn-buys-devon-assets-in-multibillion-dollar-deal.html)

These new assets will be managed out of the Okc office and will replace the loss of the granite wash assets they are selling.

who are they selling their granite wash assets to?

not very good pics but gives an idea

9/24/2014

https://farm3.staticflickr.com/2944/15342916981_2c68db9f08_b.jpg

https://farm4.staticflickr.com/3929/15159394160_42de45b017_b.jpg

https://farm4.staticflickr.com/3925/15342915581_8938f16691_b.jpg

Today there was a total of $1.8 million in building permits for tenant finish out on the four floors.

I bet this building will start to rise pretty quickly in the near future.

12/27/2014

https://farm9.staticflickr.com/8672/16096825356_707da06ed9_b.jpg

https://farm8.staticflickr.com/7520/15935334270_47f0ae0b82_b.jpg

It appears that much of the construction will be precast.

It appears that much of the construction will be precast.Is that bad?

Is that bad?

Not that I know of. It was just an observation.

Not that I know of. It was just an observation.
Oh. I'm not extremely familiar with all the different construction techniques so I didn't know if it was a cheapo depo kind of deal with would mean less quality.

The majority of this type of building in Austin, San Antonio, Houston and DFW are pre-cast or site-cast concrete tilt-wall. I did about 10-15 million square feet of office and industrial buildings down there in using this method. For office buildings we did all types of exterior finishes on them and industrial buildings were typically coated with an elastomeric coating similar to the EIFS/stucco final coat over the concrete finish instead of the polystyrene insulation like EIFS. You can do some very nice buildings for a reasonable price with this method.

Is Linn Energy related in any way to the Linn family in OKC? James Paul Linn Sr. has a wing at Baptist Hospital named after him and he was best known for being Imelda Marcos attorney. I didn't know if his son Jim was involved in the company. His other son is Rex Linn, on CSI Miami and was in the movie Cliffhanger.

The majority of this type of building in Austin, San Antonio, Houston and DFW are pre-cast or site-cast concrete tilt-wall. I did about 10-15 million square feet of office and industrial buildings down there in using this method. For office buildings we did all types of exterior finishes on them and industrial buildings were typically coated with an elastomeric coating similar to the EIFS/stucco final coat over the concrete finish instead of the polystyrene insulation like EIFS. You can do some very nice buildings for a reasonable price with this method.

Is Linn Energy related in any way to the Linn family in OKC? James Paul Linn Sr. has a wing at Baptist Hospital named after him and he was best known for being Imelda Marcos attorney. I didn't know if his son Jim was involved in the company. His other son is Rex Linn, on CSI Miami and was in the movie Cliffhanger.
Linn Energy was founded by Michael Linn. This doesn't seem to give any previous connection to OKC but doesn't rule it out either.
Michael C. Linn - University of Houston (http://www.uh.edu/uh-energy/advisory-board/michael-linn/index.php)

Linn Energy was founded by Michael Linn. This doesn't seem to give any previous connection to OKC but doesn't rule it out either.
Michael C. Linn - University of Houston (http://www.uh.edu/uh-energy/advisory-board/michael-linn/index.php)
Thanks, I wasn't even though the Linn name has had some prominence in OKC over the years.

The LINN stock is going for about $10/share. Is this a good time to buy in? Any good guesses as to what it could be in the future? Am I going to be missing out for not buying ten or twenty grand worth today?

The LINN stock is going for about $10/share. Is this a good time to buy in? Any good guesses as to what it could be in the future? Am I going to be missing out for not buying ten or twenty grand worth today?

Buy LNCO, not LINE. LINE is the MLP, which causes more tax issues in certain situations. LNCO is the holding company, they both pay .2416 MONTHLY dividend.

Why you should buy LNCO -

http://www.cnbc.com/id/49438008

Great dividends -

http://finance.yahoo.com/news/linn-energy-linnco-announce-monthly-210500262.html

It's too bad all this crap is getting built on Memorial. It's building after building of suburban cookie cutter crap. Bleh. You could fill a few towers downtown with this stuff.

It's too bad all this crap is getting built on Memorial. It's building after building of suburban cookie cutter crap. Bleh. You could fill a few towers downtown with this stuff.

OKC isn't unique in that regard. Almost every city is going to have suburban office complexes. I am glad OKC is getting more modern ones like this. Some employers want to be located closer to where their employees live and also where land is much cheaper.

It's too bad all this crap is getting built on Memorial. It's building after building of suburban cookie cutter crap. Bleh. You could fill a few towers downtown with this stuff.

You do realize that there is a lot of open available land in the metro area right? Unless the company is massive, like a Chesapeake, and builds a campus, there's no reason most situations to build a tower downtown. Land here is really cheap compared to elsewhere so it's more economically feasible to build in the burbs 9 times out of 10.

You do realize that there is a lot of open available land in the metro area right? Unless the company is massive, like a Chesapeake, and builds a campus, there's no reason most situations to build a tower downtown. Land here is really cheap compared to elsewhere so it's more economically feasible to build in the burbs 9 times out of 10.

Yeah, and it seems that the O&G companies have to tear down downtown to build in it, so maybe it's a good thing some are staying out of it.

You do realize that there is a lot of open available land in the metro area right? Unless the company is massive, like a Chesapeake, and builds a campus, there's no reason most situations to build a tower downtown. Land here is really cheap compared to elsewhere so it's more economically feasible to build in the burbs 9 times out of 10.

Yes, but it doesn't mean I have to like it. :P

so it's more economically feasible to build in the burbs 9 times out of 10.

Economically feasible for whom?

Economically feasible for whom?

Everyone involved.

Cheaper land to build their HQ on and a shorter commute for the employees assuming most of them are coming from Edmond and OKC north of Memorial.

With the exception of every other citizen of the city who get to pay for more and more inefficient roads and utilities maintenance with every development that gets built out in the sticks. Hell, even the company and the workers get to pay for that inefficient maintenance. "Lots of land" is not an excuse for using that land poorly.

In no way is memorial "out in the sticks".

And this is also the funny thing with those that hate parking garages down town. Deny them. And many more companies will choose to build off of memorial.

A lot of people in this board sometimes forget that OKC's population is still overwhelmingly many times over concentrated in the suburbs. The suburbs are currently subsidizing downtown, not the other way around.

In no way is memorial "out in the sticks".

And this is also the funny thing with those that hate parking garages down town. Deny them. And many more companies will choose to build off of memorial.

Don't you move the goalposts on me, I was very clearly participating in the chain of the discussion that had moved on to the general topic of companies building out in the suburbs.

It is simple math that spread out development costs more to maintain than concentrated development. Or are you going to dispute how squaring numbers works?

With the exception of every other citizen of the city who get to pay for more and more inefficient roads and utilities maintenance with every development that gets built out in the sticks.

Ha! Memorial/Portland is now the "Sticks?" (Never mind, that this new location is less than 700 yards from where their current offices have been for the last 8-10 years.)

Ha! Memorial/Portland is now the "Sticks?" (Never mind, that this new location is less than 700 yards from where their current offices have been for the last 8-10 years.)

See my response to Boulder, you'll find it immediately above your post.

With the exception of every other citizen of the city who get to pay for more and more inefficient roads and utilities maintenance with every development that gets built out in the sticks. Hell, even the company and the workers get to pay for that inefficient maintenance. "Lots of land" is not an excuse for using that land poorly.

That is dumb. Even rail costs tons of money and just because you want people to live on top of each other in a concrete jungle doesn't mean others shoupd have to suffer from it. I'm gladly paying my taxes and will continue to do so knowing some of it will go to wide highways..

That is dumb. Even rail costs tons of money and just because you want people to live on top of each other in a concrete jungle doesn't mean others shoupd have to suffer from it. I'm gladly paying my taxes and will continue to do so knowing some of it will go to wide highways..

The question is about what is most economically feasible for the city, not about whether or not people should be forced to live in a concrete jungle. The former may lead to the latter, but only as a consequence and not the intention. Your happiness at paying your taxes to support wide highways is admirable but irrelevant to the specific issue at hand.

A lot of people in this board sometimes forget that OKC's population is still overwhelmingly many times over concentrated in the suburbs. The suburbs are currently subsidizing downtown, not the other way around.

You're saying two square miles is subsidized by the other 600 square miles? That's probably true for any given two square miles of the city.

However, the rest of the city that already has infrastructure, is always subsidizing the expansion of infrastructure to the suburban edge and paying for its maintenance.

In no way is memorial "out in the sticks".

Not far from it though. I can remember when it was the sticks. Quails Springs and nothing. It wasn't that long ago.

Ha! Memorial/Portland is now the "Sticks?"

It kind of is, or at least the start of it. Even this building is surrounded by nothing really. I'm not making a qualitative judgement. They can build where they want, but north of memorial and west of Portland does feel like you've left the city.

Wrong again. It's east of Portland in a rapidly filling commercial district. It's becoming a headquarters bonanza with at least 3 large ones being built currently. I am all for wanting business downtown but twisting facts when you think this is the sticks shows you either have been there in years or are just trying to push an agenda that anyone can see through. This hasn't been the sticks in 20 years, try another 15 miles out or roughly the same distance to downtown from the area. Its suburban and while some might argue that the city is stretched thin to keep supporting areas like this, need to look at the numbers and the money the city is pulling in from this area and its not even at capacity yet.

This

Wrong again. It's east of Portland in a rapidly filling commercial district. It's becoming a headquarters bonanza with at least 3 large ones being built currently. I am all for wanting business downtown but twisting facts when you think this is the sticks shows you either have been there in years or are just trying to push an agenda that anyone can see through. This hasn't been the sticks in 20 years, try another 15 miles out or roughly the same distance to downtown from the area. Its suburban and while some might argue that the city is stretched thin to keep supporting areas like this, need to look at the numbers and the money the city is pulling in from this area and its not even at capacity yet.

I go there all the time. My parents live east of Portland and I grew up there. My kids have played soccer at Crossings. You go north and west of it and there's not much there. I don't know why this upsets people. I thought that's why people wanted to live there and, honestly, I think the more developed it gets, the worse it's gotten. That's just my opinion. I wish it were more sticks, but you can't tell me that northwest of memorial and Portland is some high density area of town and that's all I was saying. This is on the edge of the sticks. No big deal. Sorry to upset anyone.

This

Lol. You don't think the Staybridge Suites is in bricktown, but you think this isn't anywhere near the sticks. That's a good trick.

This straw man that always crops up on this board - that someone is saying that downtown is subsidizing the 'burbs - is ridiculous. Nobody has ever said that. Not even the resident New Urbanism demagogue JTF has suggested such a thing. And "concrete jungle" is ridiculous as well. This should be a concern for everybody who lives in an ALREADY DEVELOPED portion of town; even the suburbs.

The subsidies that are going on are paid for by everyone who lives in the built portion of the city - which of course includes downtown but also includes old-growth suburbs - paying for new services at the fringe. This compromises the quality of City services all of us receive, whether downtown, Heritage Hills, Capitol Hill, NE side, the area near Overholser, 63rd and May, SW 44th and May, Hefner and MacArthur, wherever.

The facts are simple; as we introduce new (cheap-to-the-developer) growth at the fringe, services are spread more and more thinly while existing (contributing) areas are overlooked and allowed to deteriorate. And by the way, as the fringe develops,it also becomes larger. It is literally a geometric progression, and our (ALL of our) fiscal burden also increases...geometrically. It's simple math, folks. Simple. Math.

I don't think it's in the sticks at all. Hell, it's just the start of Edmond, so how can you call it the sticks?

But that doesn't mean I'm a fan of the little crappy concrete pre-fab buildings going in like a plague on Memorial. PERSONALLY, I'd much rather see some redevelopment more inside the city. At the same time, I understand that we're never going to not have suburban development. You know, the NW Xway towers were all built in the "burbs" of their time, out near the "sticks" with the downtown flight. Memorial is starting to get concentrated enough that it's sort of it's own small-scale corporate business hub. Again, I don't have to like it, but just because I don't like it doesn't mean I can say everything about it is wrong.

It kind of is, or at least the start of it. Even this building is surrounded by nothing really. I'm not making a qualitative judgement. They can build where they want, but north of memorial and west of Portland does feel like you've left the city.

Gaillardia to the west and Rose Creek to the north, hardly the sticks.

Lol. You don't think the Staybridge Suites is in bricktown, but you think this isn't anywhere near the sticks. That's a good trick.

Link?

Link?


this location is not close to anything else in bricktown

..

They aren't messing around... Thanks to Bellaboo for the photo.

http://www.okctalk.com/images/pete/linn012615.jpg