Canal Street Beat | New Orleans Real Estate News

New Orleans Plans $102.6M Sale of Future Caesars Lease Payments

May 8, 2026 • News • 159

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 • 148

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 • 158

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 • 213

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 • 181

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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Practis Converts Trailer Campus into Permanent Harry Tompson Center on Gravier Street; $3.6M Campaign Completes Rebuild

May 5, 2026 • News • 178

Practis, a local architecture firm, has completed the transformation of the Harry Tompson Center at 1803 Gravier Street in downtown New Orleans. The $3.6 million capital campaign turned a long-standing 2007-era trailer campus into a permanent 16,839 square-foot facility. The multi-phase project, verified in a recent Biz New Orleans article, was led by Practis with [&hellip
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Domino Sugar’s Chalmette Refinery to Add $200M Filtration Building

May 4, 2026 • News • 436

American Sugar Refining (ASR), the company behind Domino Sugar, has announced plans to invest $200 million in constructing a new Filtration Building at its Chalmette refinery in Arabi, Louisiana. This significant private industrial expansion aims to modernize operations, enhance flood resilience, and safeguard hundreds of union jobs in the New Orleans area. The investment was [&hellip
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Downtown Retail Condo Anchored by Chick-fil-A Sells for $7.27M at 1200 Poydras St.

May 3, 2026 • News • 301

A fully leased retail condominium at 1200 Poydras St. in New Orleans has been sold for $7.27 million. This 17,270-square-foot ground-floor property, anchored by Chick-fil-A, Hurts Donut, and soon-to-open Juicy Seafood, was part of a 1031 exchange transaction completed in April 2026. The seller of this Central Business District property was represented by SRSA Real [&hellip
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Port NOLA Celebrates Maritime Month with SAIL 250 Arrival

May 2, 2026 • News • 276

The Port of New Orleans has officially declared May 2026 as Maritime Month, featuring a month-long series of events aimed at boosting tourism and highlighting river commerce. The centerpiece of the festivities is New Orleans being the first U.S. stop for the international SAIL 250 tall-ship flotilla, scheduled to take place from May 28 to [&hellip
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New Orleans & Company Launches ‘Good Times Pass’ With SmartVisit and aRes Travel

May 1, 2026 • News • 349

New Orleans & Company launched the “Good Times Pass” on April 30, 2026, in partnership with SmartVisit and aRes Travel. The digital pass aims to provide discounted access to over 25 local attractions, with initial pricing set at $169. Visitors can purchase the pass on NewOrleans.com and access it via the SmartVisit mobile app, selecting [&hellip
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