New Orleans

By Amalia Otet, Associate Editor
Newton, Mass.-based CommonWealth has turned its attention to New Orleans, making its first acquisition in the area. The real estate investment trust, which primarily focuses on office and industrial properties in major metropolitan markets, purchased One Shell […]

By Amalia Otet, Associate Editor
New Orleans is slowly advancing toward becoming a medical hub, with the official opening of the state-funded, $47 million BioInnovation Center.
The new state-of-the-art building is located between the Greater New Orleans Biosciences Economic Development District and […]

By Amalia Otet, Associate Editor
The Chateau Bourbon Hotel of New Orleans is about to get a major makeover.
Carey Watermark Investors Inc., a real estate investment trust mainly focused on acquiring properties in the lodging and lodging-related sectors, recently closed on […]

By Amalia Otet, Associate Editor
State and local government efforts to rebuild the city’s economy seem to finally be paying off: New Orleans is included in an index that highlights the areas that have recorded steady improvement over the past six […]

By Amalia Otet, Associate Editor
New Orleans’ hospitality industry was in dire need of revitalization following the economic downturn and Hurricane Katrina. Several projects meant to bring the city back to its former glory have been launched in the past few […]

By Amalia Otet, Associate Editor
With a rich heritage and eventful history, Chalmette is now pursuing a slow but sure path to economic recovery, as people and businesses return to the blighted neighborhood.
That includes a new shopping destination, which will be […]

By Amalia Otet, Associate Editor
Hotel Le Cirque, one of the pieces that literally adds color to the historical district of New Orleans, is about to get a facelift.
The lodging facility famous for its multicolored light show enchanting visitors every night […]

By Amalia Otet, Associate Editor
Plans for development of the Trump Tower, announced the day before Hurricane Katrina hit New Orleans, have been officially halted, as the site of the 70-story, $400 million skyscraper that was to have been the tallest […]

Six years after being swamped by Hurricane Katrina, the Gentilly Woods Shopping Center has found a new owner. Walmart finally won the bid to remodel the long-vacant center after initially facing some opposition from Gentilly residents, who would have preferred […]

By Amalia Otet, Associate Editor
The hospitality industry has always been one of the strong points of New Orleans, given its attraction as a tourist destination – from the impressive French-Creole architecture and rich culture to the lively Bourbon Street and […]