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Real Estate Rumors: Occidental Petroleum, Ruben, Prologis

By Andrew McIntyre (February 1, 2016, 3:18 PM EST) -- An affiliate of Occidental Petroleum Corp. has sold the Occidental Tower in Dallas to New York Life Insurance Co. and an affiliate of Encore Enterprises Inc. for approximately $95 million, according to a report on Friday from the Dallas Business Journal. The 540,514-square-foot, 24-story tower is located at 5005 Lyndon B. Johnson Freeway, the journal said. Occidental will remain a tenant in roughly 20 percent of the tower, and will keep its OxyChem chemical division there while relocating as many as 100 employees to Houston, according to the report....

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