State: Louisiana - LA
Pierre Bossier Mall in Louisiana Offered for Sale
The Pierre Bossier Mall in Bossier City, La., just outside of Shreveport, La., formally has been placed on the sales market by Rialto Capital Advisors, the special servicer that's been handling the property's $40 million loan for nearly two years. ...
Passco Enters Baton Rouge, La., Buys 2 Apartment Properties for $130Mln
Passco Cos. has paid $130 million for a pair of apartment properties with 552 units in the Baton Rouge, La., market, marking its entrée into that area. The Irvine, Calif., investment manager is among the most active players in the structured ...
DiamondRock Pays $108.6Mln for 2 Hotels in Florida, Louisiana
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 ...
CMBS Loan Against Hyatt Regency New Orleans Hit by Appraisal Reduction
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 Writes $34.19Mln Freddie Loan, Arranges Equity for 2 New Orleans Apartments
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. ...
Sonnenblick-Eichner Arranges $46Mln Loan for New Orleans’ Maison Dupuy Hotel
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 ...
Namdar Lines Up $33Mln Mortgage Against Acadiana Mall
Commercial Real Estate Direct Staff Report Namdar Realty Group has lined up a $33 million permanent loan against the Acadiana Mall in Lafayette, La., that it had acquired earlier this year for $39 million. The loan, with a 15-year term, ...
Wells Fargo Lends $49.8Mln Against New Orleans Office
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 ...
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