Canal Street Beat | New Orleans Real Estate News

Stirling Refinances Pan American Life Center With $50 Million Loan

July 19, 2019 • News • 3206

Stirling Properties secured a $49.8-million loan to refinance Pan American Life Center, the 28-story office building in downtown New Orleans. Stirling worked with Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, to secure loan. Andy Coleman of Berkadia secured the financing on behalf of Stirling Properties. The lender was Wells Fargo. The [&hellip
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Starbucks Going In at New Magazine & State Project

July 16, 2019 • News • 5380

The new 7,500 square foot retail development set for the corner of State and Magazine Streets has long been rumored to include a Starbucks. Based on new filings with the city, it looks like a Starbucks will occupy the end cap space. A new filing made on July 12 states “Tenant Interior Upfit of New [&hellip
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Check Out The Possibilities For A Reimagined Duncan Plaza

July 12, 2019 • News • 5758

The City and the Downtown Development District have long sought to reimagine and redevelop Duncan Plaza. Some initial improvements were made last year. A bigger vision is in the works, and we just came across an awesome video put together by the Downtown Development District that shows what could be. The vision contemplates a children’s [&hellip
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Only One Space Left In New Morning Call & Bud’s Mid-City Development

July 9, 2019 • News • 3561

There is only a single 1,000 square foot space left in the new retail development at 5115 Canal Blvd. that will house a new Morning Call and Bud’s Broiler, according to a listing for the property. The corner location includes 23 parking spaces and outdoor seating. The entire development will include over 19,000 square feet [&hellip
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Bernhard Announces National Headquarters in Greater New Orleans

July 1, 2019 • News • 3782

Bernhard, one of the largest privately-owned engineering, mechanical and electrical contractors in America, has announced that it will combine its New Orleans, Arkansas, and other offices to establish its national corporate headquarters in Jefferson Parish. The firm will be based in The Galleria, in Metairie, and will employ approximately 250 local team members, with expectations [&hellip
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Bryce French and Gerard Henry Take Down Top Deal of the Year Awards

June 28, 2019 • News • 3414

Earlier this month, on June 6, 2019, the Commercial Investment Division of the New Orleans Metropolitan Association of REALTORS® (CID) awarded top honors to Gerard Henry, SIOR and Bryce French of Max J. Derbes Inc. The annual awards program is held for the purpose of recognizing commercial realtors for their outstanding sales and leasing production and [&hellip
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New 88-Key Marriott Breaks Ground at Fremaux Park

June 24, 2019 • News • 3979

Construction began last week on a new 88-room hotel at Fremaux Park, a mixed-use development surrounding Slidell’s Fremaux Town Center. The Springhill Suites by Marriott hotel is projected to open at the end of 2020, according to Q Hotels and Stirling Properties. Q Hotels, a hospitality development and management company based in LaPlace, is the developer [&hellip
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Stonehenge Capital Hires Former HRI Properties Executive Richard Allen

June 19, 2019 • News • 4977

Baton Rouge-based Stonehenge Capital has hired former HRI Properties executive Richard Allen as its new Director of Strategic Initiatives. In his new role as part of the tax credit services team at Stonehenge, Allen will be responsible for expanding Stonehenge’s real estate investments, including providing equity capital to qualified businesses located in Opportunity Zones. Allen is [&hellip
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Louisiana Landmarks Releases 2019’s List of Most Endangered Historic Properties

June 17, 2019 • News • 4395

Each year, the Louisiana Landmark Society releases its annual list of New Orleans’ most endangered historic sites. You can see prior years for 2018 (here), 2017 (here) and 2015 (here). Last week, the Louisiana Landmarks Society released its 2019 list, which you can see below. All photos courtesy of the Louisiana Landmark Society. 1. General Laundry LOCATION: [&hellip
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Lindy Boggs Redevelopment Moves Forward

June 13, 2019 • News • 4064

Developers MCC Real Estate and St. Margaret’s Daughters, who co-own the former Lindy Boggs medical facility, have plans to move forward with a redevelopment that would convert it into an assisted living and memory care facility, according to the Mid City Messenger. The team told the Mid City Neighborhood Organization recently that they have plans [&hellip
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