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REBusiness Online Four Corners Development Group has bought the 360-unit Waters at Manhattan apartment property in Harvey, La., about eight miles south of New Orleans. The New York company purchased the three-story property from its developer, Stoa Group of Hammond, ...
A New York investor group, DK WFNO LLC, has paid $31.42 million, or $1,037/sf, for a net-leased Whole Foods supermarket with 30,300 square feet in New Orleans. The purchase allowed the group, led by an affiliate of A&R Kalimian, to ...
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, ...
Commercial Real Estate Direct Staff Report DiamondRock Hospitality Co. has paid $108.6 million for two hotels with a combined 257 rooms in Florida and Louisiana. The Bethesda, Md., REIT bought the 220-room Bourbon Orleans for $81.1 million, or $368,636/room, from ...
The following story has been edited to reflect that Trimont Real Estate Advisors was the loan's initial special servicer. Commercial Real Estate Direct Staff Report The $325 million CMBS loan against the 1,193-room Hyatt Regency New Orleans hotel has been ...
Berkadia has originated $34.19 million of Freddie Mac financing and arranged an $11.2 million equity investment from a client to help fund One Real Estate Investment's $45.69 million purchase of two apartment properties with 597 units in suburban New Orleans. ...
AllianceBernstein has provided $46 million of financing against the 200-room Maison Dupuy boutique hotel in New Orleans. The five-year loan, which has a floating coupon, was arranged by Sonnenblick-Eichner Co. of Los Angeles. It allowed the property's owner, MCC Real ...
Wells Fargo Bank has provided $49.8 million of financing against the Pan American Life Center, a 674,000-square-foot office building at 601 Poydras St. in New Orleans. The 10-year loan, which amortizes on a 25-year schedule, was arranged by Berkadia's hotel ...
Carter Multifamily has paid $28.6 million, or $107,519/unit, for the Pelican Pointe Apartments in the New Orleans suburb of Slidell, La. The Tampa, Fla., company bought the 266-unit property from Haley Associates, an Omaha, Neb., investor. The 23-building complex, at ...
The Esplanade, a 966,997-square-foot shopping mall in suburban New Orleans, is being offered for sale. And it's likely to get redeveloped by whoever buys it. The property had been owned by Simon Property Group, which gave up on it nearly ...
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