Will Rogers World Airport landscaping praised

Will Rogers World Airport

landscaping praised

CLS & Associates’ design of the corridor leading to Will Rogers World Airport received a merit award at the annual meeting of the Oklahoma Chapter of the American Society of Landscape Architects recently. Connie Scothorn, principal, accepted the award. The $2.5 million project, completed in 2007, brightened the two-mile corridor north of the airport terminal to Airport Road. More than 750 trees, thousands of shrubs and ornamental grasses were arranged to provide a glimpse of the beauty of the Oklahoma landscape. Other improvements included new signs, roadway lighting, concrete paving, berms and boulders and a well and irrigation system. CLS & Associates, 825 N Broadway, Suite 315, is in its 10th year of business.

Angelic Apartments, 1800 N Rockwell Ave., sold this week at a loss, but both buyer and seller were pleased, said Mike Buhl of Commercial Realty Resources Co., which handled the transaction. Buyer 1800 N Rockwell LLC paid Mid Property Holdings LLC $2.1 million for the 162-unit property, built on 6.7 acres in 1974, and plans to spend $1 million on improvements including new roofs, exterior paint and landscaping. The sale "demonstrates the market conditions for many owners who acquired similar assets during the boom periods of the past several years and are now faced with rising capitalization rates and declining values when they need to sell,” Buhl said. "While the seller recognized a loss on the sale, they were glad it was not a much larger loss given the declining market conditions within this asset class. I think we exceeded everyone’s expectations.”

MIAMI, OK — Richard Lillard, chairman of the Oklahoma Housing Finance Agency board of trustees, was re-elected to the board of directors of the National Conference of State Housing Boards during its recent conference in San Antonio. Lillard is serving his third two-year term. He said affordable housing is "more important for Oklahomans than ever before.” Lillard owns Richard S. Lillard Co., which specialized in group benefits. He has served on the Oklahoma Housing Finance Agency board since 2001.

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