Canal Street Beat | New Orleans Real Estate News

RockStep Capital Acquires The Outlet Collection at Riverwalk From The Howard Hughes Corp.

June 28, 2022 • News • 37344

Commercial real estate development and management firm the Howard Hughes Corp. sold the 264,000-square-foot The Outlet Collection at Riverwalk New Orleans to Houston-based RockStep Capital for $34 million as of mid-June. Howard Hughes Corp. put $70 million into the redevelopment of the mall in 2014. By the end of the year, it was 99% leased and [&hellip
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Luxury Apartments Canal 1535 Sells to California Firm

May 9, 2022 • News • 11229

The 330-unit Canal 1535, developed by Dallas-based Provident Realty Advisors and The Kroenke Group of Columbus, Missouri, sold recently to Passco Companies, a privately held commercial real estate firm headquartered in Irvine, California. The property, formerly known as Canal Crossing, broke ground in 2017 and opened in 2020 following an $80MM+ development. A sale price [&hellip
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Four New Tenants Joining Fremaux Town Center

April 13, 2022 • News • 17001

Fremaux Town Center, the 350-acre retail center located in Slidell, announced that four new businesses are joining the existing retail tenants. Skechers shoe store will take up 9,000 square feet of space next to Rock’N Roll Sushi. Spencer’s gifts opened a 3,500 square feet location next to Torrid. Taiwanese teas store Ding Tea will open [&hellip
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Lauricella-Led River District Group Closes on Market Street Power Plant

February 10, 2022 • News • 12563

The joint venture of developers and financiers behind the River District, the “master developer” of the 39 acres next to the convention center, closed yesterday on the Market Street Power plant. The team, which includes local developers Louis Lauricella and Brian Gibbs, with Dallas-based investment firm Cypress Equities, plans to incorporate the power plant into [&hellip
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Corporate Realty Takes Over Management of The Beach at UNO

February 3, 2022 • Commercial, Conference, Economic Development, Entrepreneurship, Innovation, Lakeview/Lakefront, News, Office • 10832

Commercial real estate agency Corporate Realty announced it was selected to manage and lease The Beach at UNO, formerly known as The University of New Orleans Research and Technology Park. Spanning over 30 acres, The Beach contains over 600,000 square feet of office space, conference rooms, and research facilities designed to promote entrepreneurship, collaboration, and [&hellip
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Canopy by Hilton Downtown Set To Open Soon

January 18, 2022 • News • 7092

A new 176-key Canopy by Hilton is set to open in early 2022 in the former Oil & Gas building at 1100 Tulane Avenue. Maryland-based Baywood Hotels purchased the vacant14-story former office building in 2014 for $7 million and partnered with Dallas-based NewcrestImage on the conversion. The team announced the Canopy by Hilton flag in [&hellip
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Technology Firm General Dynamics Opening New Office in New Orleans

January 17, 2022 • News • 6247

General Dynamics Information Technology (GDIT), a business unit of General Dynamics (NYSE:GD), announced last month their intention to open a new office in New Orleans which will initially house 30 new employees. The yet-to-be disclosed location of the new facility is opening next spring and is immediately hiring technology staff to support federal government and [&hellip
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Commercial Real Estate Agency Corporate Realty Acquired by Benson Capital

December 17, 2021 • Acquisitions, Commercial, Investment, News • 5449

New Orleans-based commercial real estate agency Corporate Realty has been acquired by Benson Capital, an investment firm led by Gayle Benson focused on the Gulf South. There are currently 55 Corporate Realty employees, including President Mike Siegel who will remain in his role as the company continues to operate in New Orleans. “New Orleans and [&hellip
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Audubon Breaks Ground on New $55 Million Apartment Complex at Clearview

November 22, 2021 • News • 9624

Developers broke ground last week on the five-story, $55 million apartment complex “The Metro at Clearview.” It’s part of the $250,000,000 redevelopment of the Clearview Mall that also includes a new $100 million Ochsner Super Clinic. The Metro will have 270 apartment units that cost between $1,500 and $3,000 per month. Atlanta-based Audubon is the [&hellip
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Portion of Economy Iron Works Site To Become Mint House Hotel

October 25, 2021 • News • 7034

The historic Economy Iron Works site in the CBD, founded in 1922, is being redeveloped into Mint House New Orleans-Riverside, a 15 unit apartment-style hotel with studios, one and two-bedrooms. Each unit will include a full kitchen, workspace and an in-suite laundry. The size of the units will range from 400 square feet to 1,200 [&hellip
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