Operations - New Orleans
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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.
16 March 2015 13:40 -
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.
16 February 2015 06:14 -
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.
12 January 2015 21:46 -
Bruno Acquisition, Upgrade of Oakmont Apartments Worth $24M
New Orleans-based Bruno, Inc. has acquired Oakmont – New Orleans, a 336-unit apartment community in Algiers, located just minutes from New Orleans’ booming downtown
22 December 2014 16:21 -
55 KSF Former Nursing Home on Market in Trendy Bywater
If you were charmed by the assisted living center to high-end apartments redevelopment of St. Anna’s, here’s your chance to try and try your hand at a similar project.
20 June 2014 23:41 -
$22M Rehab Facility Breaks Ground in New Orleans BioDistrict
By Eliza Theiss, Associate Editor Cobalt Medical Development, a Dallas-based private healthcare real estate development and investment company, broke ground on a $22 million healthcare rehabilitation center in Mid-City, Canal Street Beat reported. As previously reported, the private healthcare developer announced plans for the facility in early fall of 2013, targeting groundbreaking by fall 2014 [...]
24 May 2014 03:29 -
Nation’s Only Downtown Outlet Center Opens in New Orleans
The Howard Hughes Corporation’s much anticipated The Outlet Collection at Riverwalk is gearing up for its Memorial Day Weekend grand opening. Set to welcome shoppers from May 22, Riverwalk will be the only downtown outlet center in the U.S.
19 May 2014 14:33 -
$3M Senior Center to Replace Katrina-Marred Structure
The City of New Orleans, in partnership with FEMA, has broken ground on the new Carollton Hollygrove Senior Center at 3300 Hamilton Street in the Carollton Hollygrove neighborhood, announced the New Orleans Mayor’s Office.
25 April 2014 16:57 -
HMC Nabs Management Contract for Slidell Wingate Inn
By Eliza Theiss, Associate Editor Dallas-based Hospitality Management Corp. (HMC) has been appointed manager for the new 82-key Wingate Inn Slidell/New Orleans East. Located in Slidell, just 30 minutes north of New Orleans, the 2013-built hotel is easily accessed from I-10, making it easy to reach local attractions such as the Infinity Science Center, Oak [...]
19 April 2014 04:53 -
Stirling Continues Walgreens Developments with 14 KSF Drug Store in Metairie
Stirling Properties has announced it will be developing a new full-service Walgreens drugstore in the New Orleans suburb of Metairie, Louisiana.
14 April 2014 06:25 -
Stirling Properties Acquires 256-Unit Luxury Apartment Complex
Stirling Properties has announced the acquisition of Ansley Place, a 246-unit luxury apartment community located in Houma, LA.
07 April 2014 14:01 -
City Breaks Ground on $9M Lafitte Greenway
The Lafitte Greenway Bicycle and Pedestrian Path, a 2.6-mile multi-use trail and linear park, has broken ground, announced the City Of New Orleans.
01 April 2014 13:30 -
Starwood Announces Addition of Aloft Brand in CBD Adaptive-Reuse Project
Starwood Hotels & Resorts Worldwide, Inc. has announced it will be opening a 188-key Aloft hotel in the New Orleans Central Business District, converting a historic office building.
10 March 2014 21:07 -
Whole Foods Market Opens in Mid-City
Whole Foods Market, the natural and organic food retailer, expanded its New Orleans presence by opening its location on the corner of Broad and Bienville streets
11 February 2014 14:43 -
Kingfish Picks Up 133 KSF Kenner Office Building Near $826M Airport Expansion Site
Kingfish Development II, LLC, a real estate management and development company focused on the Gulf South office market, has announced the purchase of the former Rault Office Building in Kenner, La. for an undisclosed sum.
04 February 2014 06:44