State: Louisiana - LA

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 ...

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 ...

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 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 ...