City of Tulsa Launches Real Estate Site

[sgrizzle]

Produced by Jones, Lang, Lasalle

Area abutting to "proposed" Driller's stadium included.

http://www.tulsalandopportunities.com/

[Renaissance]

Nice--very nice.  Some spectacular aerial shots of downtown.  So much potential in all that city land.

[dsjeffries]

It looks nice.  I'm surprised at the amount of land owned by the city in the East End...  I would like to see some of the very minor typos/errors and inconsistent grammar corrected, though.  There's nothing like misspellings or strange wordings to make a first impression!

[spoonbill]

I hope this is coupled with a good advertising effort.  They hired JLL last year to move this land, and NOTHING has happened since.  

I think you would be outraged if you knew how much money we've given to JLL to produce something that a local company like CBRE could have done for the opportunity to make a commission on the sale.

Why does this city find it necessary to go outside of it's borders for this type of consulting?  We have so many capable Tulsa companies that could have produce a far better product, and kept the money local!!!!

We should promote the use of local companies, perhaps start a website and call it "Tulsa Right Now".

[FOTD]

You republicans approve of this venture by the government into free enterprise competition with the private sector?

[Townsend]

I'm not in the real estate business but that site isn't what I'd expect from a professional group like that.

Sales is about excitement for the product.  There's none.  Even the overview google photos are untouched.  Winter pictures of Tulsa and the river make us look like we live in some sort of aftermath.

That's not constructive, just an opinion.

[Renaissance]

I took another look and definitely agree with the criticism of the spelling mistakes.  Those need to be fixed YESTERDAY.  Ridiculous.  But as for the site itself, it is pretty user friendly and open.  Great photo views of each site.  I don't think the city looks bad at all--just my alternate opinion.  But I'm not in real estate either.  

And FOTD: I'm wary to engage you and probably won't argue with your inevitable rebuttal, but government has been involved with land distribution since the birth of the nation.  Think Homestead Act and Louisiana Purchase.    This is not a radical venture in free enterprise by a formerly disinterested municipal entity.  It is the city divesting itself of land holdings--yes, selling them off to the private sector--in order to get the best use available to the community.  It is a basic function of government at all levels to control and distribute real estate and that's what COT is doing here.  If anything, the fact that the city has placed the parcels on the market rather than developing them itself or giving them away to particular interests speaks well for the city's trust in market forces.

[Gaspar]

quote:Originally posted by Floyd

I took another look and definitely agree with the criticism of the spelling mistakes.  Those need to be fixed YESTERDAY.  Ridiculous.  But as for the site itself, it is pretty user friendly and open.  Great photo views of each site.  I don't think the city looks bad at all--just my alternate opinion.  But I'm not in real estate either.  

And FOTD: I'm wary to engage you and probably won't argue with your inevitable rebuttal, but government has been involved with land distribution since the birth of the nation.  Think Homestead Act and Louisiana Purchase.    This is not a radical venture in free enterprise by a formerly disinterested municipal entity.  It is the city divesting itself of land holdings--yes, selling them off to the private sector--in order to get the best use available to the community.  It is a basic function of government at all levels to control and distribute real estate and that's what COT is doing here.  If anything, the fact that the city has placed the parcels on the market rather than developing them itself or giving them away to particular interests speaks well for the city's trust in market forces.

The city has entertained plans to develop/give many of these properties away, but they were all too expensive, and therefore unattractive.

My company was approached by Jones, Lang, Lasalle to help develop a marketing plan for the sites.  We put together a proposal and heard nothing else.  I think they just wanted us to get our developers involved.

These are not previously unknown assets.  They have more fingerprints on them than you can possibly imagine.  I don't know of a developer that hasn't toyed with the idea of attracting investment to one of these sites.  Just nothing feasible has emerged.  That's why the city engaged Jones, Lang, Lassale.  I think it was a wise move.

I'm glad they are finally getting the message out.  There is some good opportunity here for the right type of business willing to make the necessary infrastructure investment to move in.

[cannon_fodder]

quote:Originally posted by FOTD

You republicans approve of this venture by the government into free enterprise competition with the private sector?

I doubt it.  But the city ended up with the land on various levels and now has to deal with it.  They are not so much competing with the private sector as they are attempting to facilitate commerce WITH them.  A concept I approve of whole heartedly (since government is often on the other side, hindering commerce).

The site is pretty good, I hope they push it and do well.  Perhaps Kathy will turn out to be good for marketing Tulsa - an area that we appear to have lagged in previously.

[perspicuity85]

quote:Originally posted by spoonbill

I hope this is coupled with a good advertising effort.  They hired JLL last year to move this land, and NOTHING has happened since.  

I think you would be outraged if you knew how much money we've given to JLL to produce something that a local company like CBRE could have done for the opportunity to make a commission on the sale.

Why does this city find it necessary to go outside of it's borders for this type of consulting?  We have so many capable Tulsa companies that could have produce a far better product, and kept the money local!!!!

We should promote the use of local companies, perhaps start a website and call it "Tulsa Right Now".

CBRE is actually headquartered in Los Angeles.  JLL was brought in because of their nationwide presence.  JLL is well-known in their industry throughout the country, and will be recognized by any serious developer or real estate investor.  

I'm definitely all for using local services whenever possible, but the whole idea of bringing in a consultant is to "think outside the box."

[DowntownNow]

Jones Lang LaSalle has had direct conversations and helped with this ball park fiasco. This is a company that by all accounts has failed to make good on the $375,000 contract given them to report to the City (and not just the Mayor and her staff) on what can be done with lots of city properties sitting vacant. These properties that could be used by developers and investors to help transform Tulsa.

Sure they have made a lil website, sure they have put out a request for proposals for one of em...but who else thinks its funny that an outside firm, hired at a good rate, has yet to issue and make public the promised report?

Who else feels its funny that while we have great professional businesses that do that very sort of thing right in here Tulsa, they were by-passed for an outside firm with no knowlegde of Tulsa?

Who also feels slighted by the fact that this Jones Lang LaSalle is also the outfit that has the exclusive right to broker these lands? They get a commission but where and how do the local brokers get to play and who pays them? If you read carefully, you see that any broker other than JLL has to find their own commission in the deals they bring...how arrogant, how misguided and how insulting this is to Tulsans.

But this is a Mayor that believes in this city and the contributions of its citizens...just not enough to entrust them or give them a fair shake. I guess in all this the biggest quesiton really is....is Mayor Kathy Taylor the mayor of the City of Tulsa or the Mayor of whoever pays to play and is the next big contributor to her re-election campaign?

Ask yourselves Tulsans...