The October 9, 2023 issue covers eleven commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: 10090 ALMONASTER PARTNERS LLC, Philadelphia's Alterra Property Group, bought an industrial property at 10090 Almonaster Avenue in the Viavant/Venetian Isles area. Land led the week with four of the eleven sales, including a purchase of just over an...
// Article originally appeared in New Orleans City Business on October 2, 2023 Just this week, new construction permits were granted to 2400 Guadalcanal St. Filed by Trapolin-Peer Architects, the project is believed to consist of a 70-unit, four-story multifamily complex. Set within the western boundaries of Federal City, the development is the latest iteration in large-scale construction in the former...
The October 2, 2023 issue covers nine commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: R&M PROPERTIES 700 CAMP STREET LLC bought a two-building office property with parking and storage space at 700 Camp Street in the CBD. Retail led the week with three of the nine sales, while an eight-unit property with...
DOWNLOAD FULL REPORT (PDF) Overall Dollar Volume is down 6.97% The trailing 12 month total dollar volume of sales was $734.4M at the end of Aug 2023 vs. $789.4M at the end of the prior month. Overall Deal Velocity is down 6.25% The trailing 12 month sale count was 390 at the end of Aug 2023 vs. 416 at the end of the prior...
The September 25, 2023 issue covers nineteen commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: KMHSHELL LLC, Luling, Texas-based investors, bought the Shell gas station and convenience store at 3206 Williams Boulevard in the Highway Park area, one of three acquisitions. Retail led the week with eight of the nineteen sales, including the...
// Article originally appeared in New Orleans City Business on September 18, 2023 Last week, additional permits were granted to further the development of Poydras Home, the senior living facility at the corner of Magazine Street and Jefferson Avenue. The latest phase of work to the site pertains to its amenities, slated to include a library, fitness center, yoga studio, salon,...
The September 18, 2023 issue covers seventeen commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: DREAMING TREE INVESTMENTS LLC, a local investment entity, bought the 59-unit Prytania Park Hotel at 1525 Prytania Street in the Lower Garden District, in one of five transactions. Office led the week with five of the seventeen sales,...
The September 11, 2023 issue covers eight commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: JNO ENTERPRISES LLC bought a multifamily property at 116 Marguerite Road in the Marguerite Place area near the Saints practice facility off Airline Drive. Retail led the week with three of the eight sales, including LeBrane's Creole Cuisine...
// Article originally appeared in New Orleans City Business on September 5, 2023 Permits were issued this week with regards to heating and cooling systems for the newly-built 16-story, 340-room hotel tower at 8 Canal Place, or, more colloquially, the new hotel at Caesars New Orleans. Conceived through a partnership between Nobu Matsuhisa, Robert De Niro and Meir Teper, Nobu’s first...
The September 4, 2023 issue covers five commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: 2712 ATHANIA LLC bought an office building with an adjacent parking lot at 844 Baronne Street in the CBD. The five sales were split one each among office, industrial, multifamily, land and retail, including an industrial property on...
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