Canal Street Beat | New Orleans Real Estate News

DSC Dredge Witnesses Revenue Surge and Expands Facilities in Reserve and Poplarville

May 13, 2026 • News • 116

DSC Dredge, a manufacturer of cutter-suction dredges in the New Orleans area, reported a significant revenue increase, reaching $99 million in 2025. This marks a three-year growth of 85.5%, with a remarkable 60% jump from the previous year. In response, the company has completed expansions at its Reserve, Louisiana, and Poplarville, Mississippi campuses to enhance [&hellip
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Home Buyer Louisiana Marks 250th Closing, Signals Regional Growth

May 13, 2026 • News • 134

Home Buyer Louisiana, a New Orleans-based real estate investor, has reached a significant milestone with its 250th property closing in Louisiana. Operating out of a Poydras Street office, the company specializes in acquiring distressed, inherited, and hard-to-sell homes. This development highlights the increasing demand for turnaround buyers and impacts the city’s distressed housing market along [&hellip
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Higgins Hotel Earns Top-3 Global Curio Ranking, AAA Four-Diamond Status

May 12, 2026 • News • 125

The Higgins Hotel & Conference Center, located at 1000 Magazine St. in New Orleans, recently achieved significant recognition. It was ranked No. 3 among more than 200 properties in Hilton’s Curio Collection, based on 2025 guest service scores. Simultaneously, the hotel reaffirmed its AAA Four-Diamond status. These accolades boost its appeal for group bookings and [&hellip
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Tulane Study Urges Coastal Retreat Planning for New Orleans

May 11, 2026 • News • 178

A recent study by Tulane University, published in Nature Sustainability and reported by local media on May 5, 2026, highlights the pressing need for New Orleans to prepare for a northward coastal retreat. Led by Dr. Torbjörn Törnqvist, the research warns that ongoing sea-level rise and rapid subsidence could shift the Gulf shoreline significantly northward, [&hellip
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Benson Automotive’s Gen‑5 Porsche New Orleans to Open May 27 in Metairie

May 11, 2026 • News • 166

Benson Automotive Group, led by New Orleans investor Gayle Benson, will open its state-of-the-art 37,000-square-foot Porsche ‘Gen-5’ dealership at 8900 Veterans Blvd. in Metairie on May 27. This significant investment marks a new high-end retail presence in Jefferson Parish, featuring an advanced 18-bay service center. The facility is one of just six ‘Gen-5’ Porsche dealerships [&hellip
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New Orleans Plans $102.6M Sale of Future Caesars Lease Payments

May 8, 2026 • News • 261

New Orleans is set to sell $102.6 million worth of future Caesars casino lease payments to private equity firm TPG Angelo Gordon. This move, confirmed by Biz New Orleans, involves monetizing about nine years of casino lease payments from June 1, 2026, to July 31, 2035. The transaction is structured as a private equity purchase [&hellip
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Metairie Towers Owner Files Chapter 11, Halting Sheriff’s Auction for 219-Unit Old Metairie Tower

May 8, 2026 • News • 245

D.K.A. ONE LLC, led by Darren Aschaffenburg, filed for Chapter 11 bankruptcy on May 5, 2026, pausing a planned sheriff’s auction for the 219-unit Metairie Towers located at 401 Metairie Road in Old Metairie. This move shifts the redevelopment of the long-vacant tower into bankruptcy restructuring, raising new questions about its future and creditors’ recoveries. [&hellip
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Fox 8 Marks One Year in New Howard Avenue Studios

May 7, 2026 • News • 247

Local broadcaster WVUE (Fox 8) celebrated one year of operations at its newly acquired and renovated facility on Howard Avenue, New Orleans, as of May 7, 2026. Gray Media, the station’s owner, invested millions into the project, marking a significant capital infusion and long-term commitment in a bustling commercial corridor. The station’s move to 3900 [&hellip
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New Orleans Tops STR/CoStar Rankings During Jazz Fest Surge

May 6, 2026 • News • 277

New Orleans achieved significant gains in hotel occupancy and revenue per available room (RevPAR) during the Jazz Fest week, leading the Top-25 U.S. markets. For the week ending April 25, 2026, STR/CoStar data indicates a 19% increase in occupancy to 73.7% and a 34.3% jump in RevPAR to $155.18. The metrics analyzed by CoStar/STR, published [&hellip
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Jazz Fest Drives New Orleans Hotel Occupancy to 92%

May 6, 2026 • News • 244

New Orleans & Company projects that citywide hotel occupancy for the second weekend of Jazz Fest reached approximately 92%, signaling a robust rebound for the 2026 festival. The projection, reported on May 4, underscores the festival’s impact on the hospitality market, benefitting hotel owners and stimulating downtown retail and short-term rental markets. The projection indicates [&hellip
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