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Commercial Real Estate Direct Staff Report A venture that includes Lightstone Value Plus REIT II and Terrapin Investment Management has agreed to acquire a New Orleans-area hotel with 125 rooms in what's expected to be the first of several hotel ...
Stirling Properties has paid $65 million for 601 Poydras St., a 684,027-square-foot office building in New Orleans that is also known as the Pan-American Life Center building, according to the Wall Street Journal.Stirling purchased the 28-story building, which includes a ...
A 50 million loan against the building that Equastone had borrowed form Wells Fargo Bank had come due last year, but was extended for two years.
New Orleans Times-PicayuneHertz Investment Group is interested in selling the 453,255-square-foot Poydras Tower in New Orleans. The Santa Monica, Calif., company said it is "testing the market" for the 27-story office property at 650 Poydras St. It is hitting the ...
New Orleans Times-PicayuneHotels in New Orleans had an increase in occupancy during the first quarter, to 71.2 percent from 62.5 percent a year ago, according to Smith Travel Research. New Orleans was the only city among Smith Travel's top-25 markets ...
Orient-Express Hotels Ltd. sold the 432-room Windsor Court Hotel in downtown New Orleans for $44.25 million.A partnership of the Berger Cos. and Crow Holdings bought property, which had been encumbered by $37 million of debt that was ultimately extinguished.In 2008, ...
New Orleans Times-PicayuneThe Port of South Louisiana plans to pay the Triche family $1 million for 48.5 acres of land in Hahnville, La., that will be used for an industrial business park. The port hopes to acquire another 250 acres ...
New Orleans Times-PicayunePoydras Properties has had difficulty selling tax exempt bonds needed to repair the shuttered Hyatt Regency Hotel in New Orleans, yet another setback for the 1,184-room property. The bonds would be Gulf Opportunity Zone, or GoZone bonds, which ...
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