New Orleans
670 KSF Former World Trade Center Set for $364M Redevelopment
The city selection committee for the redevelopment of 2 Canal Street has named the Carpenter/Woodward partnership as preferred developer for the iconic building, the New Orleans Mayor’s Office announced
$24M Magnolia Marketplace Fills Retail Gap in Central City
By Eliza Theiss, Associate Editor Magnolia Marketplace has celebrated its grand opening, filling a significant retail void in Central City. The $24.4 million shopping center is the product of a partnership between boutique urban real estate development firm JCH Development and Covington, La.-based Stirling Properties, a big player on the local retail development scene. The […]
188-Key Aloft New Orleans Downtown Opens in Adaptive Reuse Project
The 188-key Aloft New Orleans Downtown has opened, Starwood Hotels & Resorts Worldwide, Inc. announced, marking Aloft’s entry into the Louisiana market.
Laurus Corp. Sells Repositioned Holiday Inn Express for $15.8M
Real estate investment and development firm Laurus Corporation has announced the $15.3 million sale of the Holiday Inn Express & Suites – New Orleans Airport South, marking a 33.5 percent internal rate of return (IRR) and 2.3 times equity multiple in less than three years of ownership.
NOLA City Council, NORA Put Thousands of Properties on Auction Block
The City of New Orleans has announced it has started work on putting approximately 3,000 tax-adjudicated properties up for sale.
Whole Foods to Open 30 KSF Mandeville Location; St. Rock Market Targets April Opening
Mandeville residents that have been campaigning for a Whole Foods location can finally celebrate.
NorthMarq Refinances Five Bruno Apartment Communities
NorthMarq Capital’s Miami office has arranged refinancing for a New Orleans multifamily portfolio owned by Bruno, Inc. through its affiliation with a Fannie Mae – DUS lender, the company announced.
Walton Street Capital, New Castle Hotels & Resorts Buy Downtown Hotels
As Mardi Gras continues to rage on in New Orleans, the city’s hospitality market is also having a blast, outpacing the national occupancy and RevPar average.
Blackstone Buys Three Hotels, Parking Garage for $76M
Global investment and advisory firm The Blackstone Group has invested $75.7 million in New Orleans’ real estate, picking up three centrally-located hotel properties and a parking facility
Bruno Picks Up Algiers Commercial Centers, Plans Further Development
Joshua Bruno has been making quite the splash in the New Orleans real estate market, with a special focus on the Algiers submarket, snapping up several properties in late 2014.