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Full-Court Press
Commenting On Aubrey McClendon, and on our market
Posted by Jeff Click
in
Industry News
on 04.22.07
This week has been a good media week, with the opportunity to participate in both a print feature in The Oklahoman, and a syndicated television news story. Richard Mize of The Oklahoman penned an insightful feature on Chesapeake Co-Founder & CEO, Aubrey McClendon, who continues to build his impressive portfolio of choice real estate in the Oklahoma City Metro. Quoted as the Vice-President, Secretary-Treasurer of COHBA, I commented on what I perceived to be general sentiment of the real estate community in regard to his acquisitions of property, and whether it has upset anyone that he’s holding the land. My thoughts beyond the quotes as a simple observer from within the industry, and as someone who doesn’t know Aubrey personally: Given his role in bettering this community, and his generosity to sellers in the purchases he’s made, it’s difficult to criticize a guy for taking that approach. I think it speaks highly of where this city is headed to have someone like him making such significant reinvestments in our community, and it would be nice to see others follow his lead in corporate citizenship.
While Aubrey’s buying, some still seem to want to question whether or not anyone else is. KOCO/Channel 5 is producing a news story for national syndication about how the Oklahoma City real estate market is weathering its supposed slowdown from the recent nation-wide housing boom of the past few years. As I’ve said many times, Oklahoma City’s market remains strong and continues to make gains for property owners. Interest rates remain low, permits are still at above-normal levels, and home prices continue to increase at a healthy rate. The story will air in May on Channel 5 and across the nation.
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