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Grubb & Ellis analyst de-energizes Oklahoma and finds an ugly picture

Imagine downtown Oklahoma City without a single oil and gas business. It would not be a pretty sight.
by Richard Mize Modified: June 8, 2012 at 7:01 pm •  Published: June 9, 2012
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If a picture is worth 1,000 words, most of these would not be suitable for a family newspaper.

Just look at it, and imagine life in Oklahoma City without the energy business.

Let's thank Julie Anewalt for the nightmare. (Shudder.) Anewalt is research analyst for Grubb & Ellis-Levy Beffort, the commercial realty firm. She started in September and has gotten notice for making number crunching fun and interesting.

“Imagine Oklahoma City's skyline without the presence of a single oil and gas company,” she wrote this week in her e-newsletter, Anewalt's Analytics. The buildings blanked out in the photo, she wrote, “would either have never been built, or would sit vacant.”

The view looks generally west. Missing, obviously, is the Devon tower, at 333 W Sheridan at the southwest edge of downtown. In the front, and blanked, is the former Devon headquarters, now Continental Oil Center, 20 N Broadway.

Just northwest of there, a big chunk of First National Center is blanked at 120 N Robinson. Just to the west, the top half of Oklahoma Tower is gone at 210 Park Ave.

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by Richard Mize
Real Estate Editor
Real estate editor Richard Mize has edited The Oklahoman's weekly residential real estate section and covered housing, commercial real estate, construction, development, finance and related business since 1999. From 1989 to 1999, he worked...
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