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$80 Million Virgin Hotel New Orleans Breaks Ground
  Apearing on Canal Street Beat. Virgin Hotels, the Virgin Group’s lifestyle hotel brand, has broken ground on Virgin Hotels New Orleans. The Buccini/Pollin Group is the developer of the project.   The new location will be in the Warehouse District at 550 Baronne Street, and will feature over 200 rooms, multiple...
May 28, 2019
Investor Confidence Starts to Return as CRE Pricing Holds Steady
Apearing on National Real Estate Investor. Growth in CRE prices was modest in March, with some market observers expecting a pick-up in sales volumes.   Annual growth in U.S. property prices slowed in March to the most modest rate since 2011, according to research firm Real Capital Analytics (RCA). But industry...
May 24, 2019
Investors Go After Industrial Assets in Secondary Markets
Apearing on National Real Estate Investor. Strong population growth and lower prices are luring industrial investors to secondary cities.   Strong economic and population growth in secondary markets is leading to increased investment in industrial real estate in those areas, according to industry experts. While...
May 23, 2019
Bud’s Broiler & Morning Call Coming To Canal and City Park Avenue
Apearing on Canal Street Beat. Morning Call and Bud’s Broiler, two beloved businesses that recently lost their Mid-City locations, will now return, next to each other, in a new construction development at the corner of City Park Avenue and Canal Boulevard.   The site, currently a parking lot, is owned by Dorsey...
May 17, 2019
Fed’s Interest Rate Position Could Help CRE Sales Volume
Apearing on National Real Estate Investor. The Fed’s shift to a neutral position on rates could keep CRE transaction activity on par with 2018 levels.   The current Goldilocks economy—not too hot and not too cold—is helping to keep the bears from emerging in the commercial real estate sector. In a move aimed...
May 16, 2019
Step Inside the Restaurants Joining New Orleans’ Taco Craze
  Appearing on Canal Street Beat. New Orleans has no shortage of restaurant openings year round, and, recently, and good number of them have been part of the growing number of taco places around the city.   The former operations manager of nationwide, members-only dining club Dinner Lab, Brett Jones, recently...
May 15, 2019
Top 5 Commercial Real Estate Trends for 2019
  Appearing on the reoptimizer   Let’s take a look at some of the major trends predicted for the commercial real estate sector and analyze how they can impact commercial real estate tenants like your company. 1. The Industrial Real Estate Boom Will Continue With e-commerce growing at a record pace, huge online...
May 13, 2019
How to Implement Value-Add Strategies at Apartment Buildings Without Making Them Too Expensive
Apearing on the National Real Estate Investor. Careful repositioning decisions can keep apartments affordable for middle-income renters.   Turns out value-add investment strategies, in which developers renovate older apartment buildings, can make apartments too expensive for many lower-income renters, according to...
May 7, 2019
Multifamily Borrowers Still Have Lots of Options for Constructions Financing
Apearing on National Real Estate Investor. Banks continue to have an appetite for loans on multifamily construction projects.   Investors can still find the financing they need to develop apartment properties. “If you can get a site to build, there are people who would love to lend on it,” says Bill Leffler, vice...
May 2, 2019
Topgolf On The River?
Apearing on Canal Street Beat, According to media reports and several documents posted by the New Orleans Exhibition Hall Authority, Dallas-based Topgolf plans to lease a section of vacant land at the intersection of Tchoupitoulas and Euterpe streets owned by the Convention Center for a new, high-tech driving...
Apr 30, 2019