Canal Street Beat | New Orleans Real Estate News

Whoa! Latter & Blum Rakes in $97 Million in 2013

May 9, 2014 • News • 5067

photo via latterblumpm.com Latter & Blum reported three year growth of 66.1%, increasing revenues from $58.7 million in 2011 to $97.5 million in 2013. The figures were collected as part of an annual survey conducted by CityBusiness on the region’s fastest growing companies. The rise in revenues comes as the real estate market has picked [&hellip
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The Riverwalk is Staying Open Late for a Rocking Party

May 8, 2014 • Central Business District, Conference, Development • 4256

Currently undergoing a $70 million renovation, the Riverwalk is scheduled to open in a few weeks (May 22). To kick off the brand new Riverwalk and the opening of a ton of amazing stores, a group of local organizations are hosting a Riverwalk after-hours party for people to come, eat and drink, check out the [&hellip
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New Orleans Developer Buys Dallas Office Tower For Redevelopment

May 8, 2014 • Acquisitions • 4757

New Orleans developer HRI, Inc. will redevelop a Dallas office tower into a hotel and apartment building. This is the second New Orleans developer to purchase a Dallas office building for repositioning after the KFK group purchased One Main Place, the 32-story building with more than 1 million square feet of office space, earlier this [&hellip
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This Conference Offers a Peak Into NOLA’s Real Estate Future

May 8, 2014 • Conference, Economic Development • 3831

The University of New Orleans Institute for Economic Development and Real Estate Research will hold its annual seminar on the business outlook and real estate forecast for the greater New Orleans metro area this week May 9, 2014. The conference includes four panel presentations moderated by Ivan Miestchovich, director of the UNO Institute for Economic [&hellip
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The Cost of This Neighborhood Center Nearly Doubled to $6 Million!

May 7, 2014 • Public Development, Treme • 4550

The old Treme Center, which was damaged in Katrina, was rebuilt by the city and re-opened in April 2013. The Treme Center, located behind Armstrong Park , is a recreation center with a pool, a basketball court, a dance studio, workout area and a stage for community performances. Since it re-opened, the community center has [&hellip
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Call for Artists: You Could Get $50,000 To Create Art For This Housing Redevelopment

May 7, 2014 • Architecture & Design, Community Development, Mid-City • 5375

Providence Community Housing, Enterprise Community Partners and L&M Development are working to redevelop the Lafitte Projects as affordable, mixed-income housing. Those developers, along with the Arts Council of New Orleans, are seeking to commission new permanent exterior artwork at the development that will “enhance and celebrate” community. They are offering $50,000 to the winning artist. [&hellip
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$70 Million Luxury Canal Street Development Gets Its Demo Permit

May 6, 2014 • Central Business District, Development, Zoning and Land Use • 7198

1031 Canal, the $70 million high rise planned for the corner of Canal and Rampart Streets, is finally moving forward after it was able to obtain its demo permit from the city. The building permit for the high rise on the edge of the French Quarter has been under review since last November, and seemed [&hellip
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31-Story CBD Office Tower Sells to Local Developer

May 6, 2014 • Acquisitions, Central Business District, Office • 7345

1010 Common St., the sparsely occupied 31 story office tower in the CBD, has been purchased by New Orleans developer Mohan Kailas. Kailas purchased the 31-story office tower through a business entity known as 1010 Common LLC. According to Orleans Parish conveyance records, the building sold April 3 for $16.6 million. Records show that Kailas’ [&hellip
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Company Leaves Jefferson For Orleans Due to Zoning Dispute

May 6, 2014 • Industrial, Zoning and Land Use • 5453

Agrico Sales, a company that builds shipping equipment —specifically conveyor and loading systems for the dry bulk shipping industry, is relocating due to a zoning dispute, originally reported by CityBusiness. Agrico Sales currently occupies a 12,000 square foot space in Bridge City, in Jefferson Parish, where they have operated for the past 26 years. [&hellip
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CPEX’s New Orleans Office Seeks To Improve BR-NOLA Economy

May 5, 2014 • Architecture & Design, Baton Rouge, Zoning and Land Use • 4324

The Baton Rouge-based Center for Planning Excellence (CPEX) will open a small office in New Orleans this summer, reports the Times-Picayune. Jennifer Stenhouse, organization’s director of development, will open the New Orleans office July 1. CPEX works on regional planning issues, one of which is doing more to improve transportation and connections between New Orleans [&hellip
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