City: New Orleans

Commercial Real Estate Direct Staff Report The former One Shell Square office building in downtown New Orleans, facing the potential loss of its largest tenant, has had its appraised value cut in half to $89.9 million. The 1.25 million-square-foot property ...

Commercial Real Estate Direct Staff Report With anchor tenant Shell Oil Co. having drastically reduced its footprint at the Hancock Whitney Center, the 1.25 million-square-foot former One Shell Square office building in downtown New Orleans, the property's owner has been ...

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 ...

HotelBusiness.Com A venture that includes Guidry Land Partners has purchased a pair of hotels with a total of 410 rooms in New Orleans' Arts/Warehouse district for $73 million, or about $178,049/room. Guidry, which is led by Robert J. Guidry, teamed ...

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. ...