The Finch Formerly Known As Gold

6 May 2006

Who are these guys?

All we know is that they're from California and that they paid $21 million cash for the First National Center in downtown Oklahoma City.

Tim Strange of Sperry Van Ness, who handled the deal, says it "came together, from inception to closing, in 48 hours," which suggests that the Californians were really smitten with the place.

The original First National Bank building at 120 North Robinson was completed in 1931; the complex expanded toward Park Avenue in 1956 with the first of two add-on towers. (The second was built in 1974.)

While the Center hasn't exactly fallen into desuetude, it's only about one-third occupied; First National Bank itself failed in the 1980s, and today there is no banking in the fabled Great Banking Hall.

Downtown watchers are somewhere between guarded and giddy right about now.

Update, 8 May: These guys have been identified.

Posted at 10:28 AM to City Scene


TrackBack: 11:50 PM, 6 May 2006
» OKC follows Tulsa, for a change from BatesLine
Mysterious California investors are buying historic office buildings... in downtown Oklahoma City: California investors bought First National Center on Friday in a fast deal that could turn what many see as an albatross around downtown’s revival into a......[read more]

I hope this results in someone putting A BANK in that hall. It is a sight to see.

Posted by: Dan at 1:36 AM on 7 May 2006