David Simon Passes Away After Battle with Cancer
March 23, 2026
CREFC’s Lisa Pendergast Retiring in August
March 20, 2026
Brookfield Revives GGP Name for Malls
January 7, 2026
City: Metairie
Local on Severn
The latest purchase was funded with a $9.3 million loan from Melody Capital Management. Local on Severn serves as collateral for a $10.9 million Freddie Mac loan that's securitized through FREMF, 2020-KF92. The floating-rate loan pays a coupon pegged to ...
Audubon Communities Sells New Orleans-Area Apartments for $17.6Mln
NOLA.com The Medve Group has purchased Local on Severn, a 161-unit apartment property in Metairie, La., for $17.6 million, or $109,317/unit. The Dallas property management firm purchased the complex from Audubon Communities of Chamblee, Ga., which had owned it since ...
Onyx Partners Pays $55.8Mln for New Orleans-Area Apartments
Onyx Partners has paid $55.8 million, or $166,071/unit, for the 336-unit Lumiere apartment property in the New Orleans suburb of Metairie, La. The Lakewood, N.J., investor led by Jeremy Y. Rieder bought the property, at 3301 West Esplanade Ave. North, ...
The Galleria Sheraton-Metairie/4 Galleria Blvd.
the property had backed a total of $17 million of debt, $8.5 million of which was securitized through Greenwich Capital Commercial Funding Corp., 2006-FL4.
The First Bank Center
Building is 90 percent leased and rents are $20/sf
Causeway Plaza
Center is about 97 percent leased.
About
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
