Kanbar sues Kaufman

[swake]

quote:Originally posted by aoxamaxoa

Seems like the axman here alluded to this over a year ago and was dismissed.

Apologies are in order but not forthcoming.

No, what you said was that the buildings were all back for sale, and that was over a year ago and they still are not all for sale.

And hey, how's that failure Riverwalk doing while we are looking at your prognostication skills. It's so sad to see the place in foreclosure and all those empty storefronts, oh wait, it's fully leased and still packed, missed on that too. Didn't you also say that the first Ruby Tuesday was going to be by Best Buy on I-44? How is that location working out, oh wait, that was wrong too?

And, the kicker, your user name is still misspelled. The album is Aoxomoxoa.

[jne]

quote:Originally posted by swake

quote:Originally posted by aoxamaxoa

Seems like the axman here alluded to this over a year ago and was dismissed.

Apologies are in order but not forthcoming.

No, what you said was that the buildings were all back for sale, and that was over a year ago and they still are not all for sale.

And hey, how's that failure Riverwalk doing while we are looking at your prognostication skills. It's so sad to see the place in foreclosure and all those empty storefronts, oh wait, it's fully leased and still packed, missed on that too. Didn't you also say that the first Ruby Tuesday was going to be by Best Buy on I-44? How is that location working out, oh wait, that was wrong too?

And, the kicker, your user name is still misspelled. The album is Aoxomoxoa.

I always assumed his name was Max...

[Townsend]

quote:Originally posted by jne

quote:Originally posted by swake

quote:Originally posted by aoxamaxoa

Seems like the axman here alluded to this over a year ago and was dismissed.

Apologies are in order but not forthcoming.

No, what you said was that the buildings were all back for sale, and that was over a year ago and they still are not all for sale.

And hey, how's that failure Riverwalk doing while we are looking at your prognostication skills. It's so sad to see the place in foreclosure and all those empty storefronts, oh wait, it's fully leased and still packed, missed on that too. Didn't you also say that the first Ruby Tuesday was going to be by Best Buy on I-44? How is that location working out, oh wait, that was wrong too?

And, the kicker, your user name is still misspelled. The album is Aoxomoxoa.

I always assumed his name was Max...

 

Swake's right though, it's spelled wrong

[RecycleMichael]

Kanbar owns my office building.

These guys didn't invest in Tulsa, they purchased in Tulsa. They were buying buildings like another collector might buy cars or guns.

Pick out the ones you want to keep and sell the others.

[Rico]

"Gives a little more insight as to why Kanbar seems to be stuck in a "wait-and-see" mode with those properties..."
^
Could not agree more....Rufnex

First thing you and your accountants would want to do in this situation is to put a freeze on things that could cause more problems... Until it is all sorted out.

Also may go quite a way in the reason Mister Kanbar turned down the V2025 Downtown money he was awarded..

Not the end maybe just the beginning....
[8D]

[jne]

quote:Originally posted by Townsend

quote:Originally posted by jne

quote:Originally posted by swake

quote:Originally posted by aoxamaxoa

Seems like the axman here alluded to this over a year ago and was dismissed.

Apologies are in order but not forthcoming.

No, what you said was that the buildings were all back for sale, and that was over a year ago and they still are not all for sale.

And hey, how's that failure Riverwalk doing while we are looking at your prognostication skills. It's so sad to see the place in foreclosure and all those empty storefronts, oh wait, it's fully leased and still packed, missed on that too. Didn't you also say that the first Ruby Tuesday was going to be by Best Buy on I-44? How is that location working out, oh wait, that was wrong too?

And, the kicker, your user name is still misspelled. The album is Aoxomoxoa.

I always assumed his name was Max...

 

Swake's right though, it's spelled wrong

Umm... yeah, thats why the Mox would be changed to Max.  If it wasn't on purpose, I'd be glad to join the roast.  No self-respecting know-it-all deadhead would let him get away with that! LOL

[Townsend]

quote:Originally posted by jne

quote:Originally posted by Townsend

quote:Originally posted by jne

quote:Originally posted by swake

quote:Originally posted by aoxamaxoa

Seems like the axman here alluded to this over a year ago and was dismissed.

Apologies are in order but not forthcoming.

No, what you said was that the buildings were all back for sale, and that was over a year ago and they still are not all for sale.

And hey, how's that failure Riverwalk doing while we are looking at your prognostication skills. It's so sad to see the place in foreclosure and all those empty storefronts, oh wait, it's fully leased and still packed, missed on that too. Didn't you also say that the first Ruby Tuesday was going to be by Best Buy on I-44? How is that location working out, oh wait, that was wrong too?

And, the kicker, your user name is still misspelled. The album is Aoxomoxoa.

I always assumed his name was Max...

 

Swake's right though, it's spelled wrong

Umm... yeah, thats why the Mox would be changed to Max.  If it wasn't on purpose, I'd be glad to join the roast.  No self-respecting know-it-all deadhead would let him get away with that! LOL

Ah that explains it.  It's been bugging me for a while.  Guess I've appreciated too much of their music the correct way.  I've dained my bramage.

[T-Town Now]

Well this explains a lot. The buildings Kanbar bought are not being maintained very well. The Bank of America tower is supposed to be Class A office space, yet look at the flower beds around the building. Not much going on there. A few trees died, and they were pulled but never replaced.

I've heard that leases take FOREVER to get signed and approved, too. Not good for a business that needs to know if they have office space or not.

Hopefully, this will all be worked out soon, because many of Kanbar's buildings need attention, and they aren't getting it so far.

[MichaelBates]

quote:Originally posted by T-Town Now

Well this explains a lot. The buildings Kanbar bought are not being maintained very well. The Bank of America tower is supposed to be Class A office space, yet look at the flower beds around the building. Not much going on there. A few trees died, and they were pulled but never replaced.

Graffiti vandals are running wild with Kanbar's Tulsa Club building at 5th and Cincinnati. If the building were secured, I don't think they'd be able to spray paint the places they've hit. I don't remember that building having a graffiti problem before Kanbar bought it.

[Conan71]

quote:Originally posted by MichaelBates

quote:Originally posted by T-Town Now

Well this explains a lot. The buildings Kanbar bought are not being maintained very well. The Bank of America tower is supposed to be Class A office space, yet look at the flower beds around the building. Not much going on there. A few trees died, and they were pulled but never replaced.

Graffiti vandals are running wild with Kanbar's Tulsa Club building at 5th and Cincinnati. If the building were secured, I don't think they'd be able to spray paint the places they've hit. I don't remember that building having a graffiti problem before Kanbar bought it.

Maybe Kanbar has some form of grafitti Tourette's Syndrome? [}:)]

[cannon_fodder]

I had high hopes when he started his collection, it began to wane as I saw little action, then turned to some concern when he was going to demolish one for "green space," then overt concern when he turned it into a parking lot, then hostility when he declined the V2025 loft funding and let another building sit and rot.

We knew this was going bad, we just didnt know why.  What's probably the worst, is all the press calling an investment in downtown Tulsa just short of criminal.

I hope something gets done, I don't care by who.  Maybe he will take a huge loss and someone can steal them cheap and have money to invest in them.  Though, I boldly predict this signals YEARS of setback for downtown.  It is unlikely he will sell or invest while this is being litigated.  3 years from now, when the case washes through, maybe something will happen downtown.  [V]

Hope I'm wrong.

[swake]

quote:Originally posted by MichaelBates

quote:Originally posted by T-Town Now

Well this explains a lot. The buildings Kanbar bought are not being maintained very well. The Bank of America tower is supposed to be Class A office space, yet look at the flower beds around the building. Not much going on there. A few trees died, and they were pulled but never replaced.

Graffiti vandals are running wild with Kanbar's Tulsa Club building at 5th and Cincinnati. If the building were secured, I don't think they'd be able to spray paint the places they've hit. I don't remember that building having a graffiti problem before Kanbar bought it.

Sorry, but I'm pretty sure that's NOT one of his buildings

[MichaelBates]

quote:Originally posted by swake

quote:Originally posted by MichaelBates


Graffiti vandals are running wild with Kanbar's Tulsa Club building at 5th and Cincinnati. If the building were secured, I don't think they'd be able to spray paint the places they've hit. I don't remember that building having a graffiti problem before Kanbar bought it.

Sorry, but I'm pretty sure that's NOT one of his buildings

Thanks for the correction. That would be one of the few downtown art deco buildings that he didn't buy. Any idea who does own it?

[swake]

The application for the 2025 housing money for the Tulsa Club building was made under the name of "The Tulsa Club Development Co.", I have heard the owners are out of state and unwilling to sell at any reasonable price.

On another note, while the grand vision of lofts and such in Kanbar's properties seems to be gone, at least for now. He does not show any signs of wanting to let the buildings sit and decline, or even any plans to sell them.

Kanbar has applied for "Quality Jobs Act" money from the state with plans to hire 80 people to manage his properties and this is from the Tulsa World talking to the Kanbar's spokesman:

Quote:
"Kanbar Properties is definitely poised to stay in Tulsa and expand," he said. "We're excited about it."
Plans for loft apartments are not a priority at this time, Baranowski said.

"At this time we're concentrating our efforts on the commercial side," he said.

Baranowski said leasing in the office sector has been better than anticipated. The company signed a new lease with Laredo Petroleum for 10,357 square feet in the Bank of America Center, a new lease with Atkinson Haskins Nellis Holeman Phipps Brittingham & Gladd for 24,916 square feet at the Park Centre Building, and renewed its lease with the Petroleum Club at the Petroleum Club building.

http://www.tulsaworld.com/business/article.aspx?articleID=070810_5_E1_hKanb58616




The World says that the lawsuit does not even mention the Tulsa properties as being any reason for the lawsuit, much less the entire reason as the spin seems to be from the Oklahoman. The truth as always probably is somewhere in the middle.

Kanbar seems far from unhappy with owning the buildings, the reality is that he probably paid too high a premium for them and that one of the sources of the lawsuit, but just one among others. The World mentioned some financial misdeeds with Kanbar's charities as well as some questionable commission payments. The truth here will take time.

[aoxamaxoa]

Anybody here recognize what our monopolistic whirling writers omitted from the article today that was in the okc report yesterday?