Canal Street Beat | New Orleans Real Estate News

Real Estate Scholarship Fund Established for Tulane University Students

May 27, 2020 • News • 1120

Covington-based Stirling Properties announced the Maurin Ogden Tulane Real Estate Fund yesterday, a new academic scholarship opportunity for Tulane University graduate students pursuing a real estate or related degree. Stirling Properties is one of the leading commercial brokers and property managers in the region, and it also engages in shopping center and healthcare development projects. [&hellip
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Check Out Tomorrow’s Webinar On Covid-19’s Impact on the Louisiana Real Estate Industry

May 6, 2020 • News • 1036

Athena Real Estate, the former Director of the UNO Real Estate Market Data Center Dr. Wade Ragas and real estate broker and business law attorney Everett Fineran are putting on a free webinar on how the COVID-19 pandemic has already affected and may continue to affect real estate in Louisiana. The webcast will take place on May 7 at [&hellip
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Check Out The Three Final Convention Center Master Plans

April 22, 2020 • News • 2410

Last September, the Ernest N. Morial Convention Center released an RFQ for master developers interested in redeveloping a twenty acre tract of land on the riverfront next to the Convention Center. The project called for the redevelopment of the site into a mixed-use entertainment district, which would sit directly adjacent to the newly proposed 1,200-room, $557 [&hellip
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Corporate Realty’s New Orleans Office Market Report Is Out

April 7, 2020 • News • 1752

New Orleans-based brokerage firm Corporate Realty, Inc. released it seventh annual Greater New Orleans Office Market Report last week. The report is the comprehensive study of the Greater New Orleans office market, including occupancy and rental rates of specific buildings of over 20,000 square feet, submarkets, and detailed analysis. The report notes that office building rental rates [&hellip
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Louisiana Leases Sheraton Hotel For Conversion To Covid-19 Medical Facility

April 6, 2020 • News • 1553

The State of Louisiana announced over the weekend that they leased the Sheraton New Orleans Hotel at 500 Canal Street for use as a medical facility to handle the overflow of coronavirus patients. The 1,110 room hotel will be used in conjunction with the new make-shift hospital at the Convention Center for coronavirus patients. The [&hellip
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NORF Closes Financing For Former Warwick Hotel Redevelopment

April 2, 2020 • News • 1858

The New Orleans Redevelopment Fund just closed a $45 million financing package to convert the former Warwick Hotel into a mixed-use complex for Tulane University faculty and staff. The construction financing was provided by Hancock Whitney Bank and a historic tax credit bridge loan by Midland State Bank. The New Orleans Redevelopment Fund purchased by [&hellip
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$85 Million Luxury High-Rise Opens Downtown

March 10, 2020 • News • 3061

Provident Realty Advisors has opened Canal 1535, the $85 million, 330-unit luxury high-rise in New Orleans. Formerly called Canal Crossing, the property broke ground in 2017. The Canal Street property offers contemporary one- and two-bedroom units with high-end finishes including custom cabinetry, quartz countertops, vaulted ceilings and private balconies in select units. Amenities include a [&hellip
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St. Margaret’s Refinances Mid-City Nursing Facility

March 6, 2020 • News • 1741

St. Margaret’s Daughters Home, a nonprofit skilled nursing facility located in Mid-City on the site of the former Lindy Boggs Medical Center, was refinanced recently. St. Margaret’s Daughters Home features 100 rooms designed for occupancy by up to 112 residents. PGIM Real Estate Finance provided the $10.7 million HUD loan to refinance the 2013 facility. [&hellip
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Former Warwick Hotel Slated For Tulane Mixed-Use Complex

March 1, 2020 • News • 2410

Tulane University announced that the former Warwick Hotel, an abandoned building at Duncan Plaza across from City Hall, which was purchased by the New Orleans Redevelopment Fund last summer, will be converted into a new Tulane mixed-use building for medical staff and students. Tulane will lease the entirety of the building, including all planned 154 [&hellip
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$52M Mixed-Use Complex ‘The Garage’ Opens Downtown

February 19, 2020 • News • 2358

“The Garage,” a $52 million project by developer Marcel Wisznia opened in December. The project is located in the former Stephens Garage at 840 Carondelet St. and has 51 one- and two-bedroom apartments on the second through fourth floors that range from 766 square feet to 1,699 square feet. Monthly rents are from $1,950 to [&hellip
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