New Orleans multi-family market remains strong

Report: New Orleans multi-family market remains strong By: Robin Shannon, Managing Editor June 16, 2015 Bella Ridge apartments opened this month in Harahan. (CityBusiness staff photo) A combination of strong demand and a lack of available buildable land is helping...
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Algiers apartment deal leads multi-family trend

By: Robin Shannon, Reporter, December 16, 2014 A local investment group led by developer Joshua Bruno has acquired the 336-unit Oakmont Apartments complex in Algiers from an Illinois-based real estate trust. The deal is part of an ongoing trend of...
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Report: Apartment occupancy, rents stable in NOLA

By: Robin Shannon, Reporter November 6, 2014 The latest semiannual report on apartment occupancy shows the New Orleans market is maintaining equilibrium between supply and demand as average rental rates and availability have remained virtually unchanged since the spring. The...
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(Strength + Firmness + Stability) x 10 Years = New Orleans Apartment Market

Posted on October 27, 2014 by John Nelson in Market Reports, Southeast Market Reports This word problem title easily portrays the current state of the New Orleans metropolitan multifamily market. The past decade can be recorded as positive in asset...
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New Units to Test CDB Apartment Market

By: Robin Shannon, Reporter September 17, 2014 Real estate analysts say the downtown New Orleans residential market could be heading for its biggest test yet, with several large-scale developments expected to go on the market within the next 12 to...
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Higher housing costs put pinch on local workforce

By: Ryan Kelly, Reporter August 14, 2014 Riccardo Emilien, a teacher at Cohen College Prep High School, recently got engaged to his longtime girlfriend, confident that their combined $100,000 a year income would suffice for mortgage payments on an Uptown...
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Rental demand in metro New Orleans area soars to new heights

Fox 8 news recently interviewed local real estate professionals about demand for New Orleans downtown apartments.  Click the link below to see the interview with Larry G. Schedler Multifamily Real Estate Broker and Multifamily Developer Marcel Wisznia

NOLA apartment market sustains high occupancy, rents

By Greg LaRose – May 23, 2014 The latest seasonal report on apartment occupancy shows renters have absorbed nearly all the available inventory in almost every corner of the New Orleans market. That’s allowing landlords to keep lease rates at...
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The Esplanade at City Park apartments sold to Florida investors for $53.5 million

By Katherine Sayre 12/19/2013 The Esplanade at City Park, a landmark apartment building overlooking Bayou St. John, recently sold to a Florida investment firm for $53.5 million. Financing for the deal was announced this week by real estate finance group...
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New Orleans complex sells for $54.5 million

NEW ORLEANS — A month after an Atlanta company bought the American Can complex in Mid-City, a Florida investment group has sealed the deal on another major apartment development in the same area. Conveyance records show Priderock Capital Partners of West...
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