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 ...
Oakwood Capital has bought the 378-unit Houma Highlands apartment complex in Houma, La., for an undisclosed price. The Boca Raton, Fla., real estate investor purchased the three-story property from ECI Group of Atlanta, which acquired the first phase shortly after ...
Jacksonville Daily Record Cannon Commercial Inc. has lined up $60 million of financing for its purchase of two properties with a total of 2.01 million square feet of office and industrial space in Hammond, La., and Jacksonville, Fla. JLL Capital ...
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 ...
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 ...
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, La. The ...
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, ...
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