Federal Hearing - Housing Options in the Aftermath of Hurricanes Katrina and Rita.
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East N.O. apartment construction surges
"While the national credit crunch has slowed pace of apartment construction in New Orleans, new drywall is still going up in the city's eastern region
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Battle in the Bayou: More Efforts to Save New Orleans Public Housing
"As Larry Schedler, a longtime New Orleans real estate broker and resident, tells it, the scene resembled something from the '60s.
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Apartment Rates Reach Calm After Storm
"The report, by Larry G. Schedler & Associates, Multi-family Advisory Group and Madderra & Cazalot, documented what has been apparent to aggrieved renters for two years.
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Rebuilding Multifamily —
New Orleans keeps this sector alive as brokers piece together the city.
"While some commercial real estate professionals have no problem finding properties to market, in New Orleans, many are trying to rebuild what they used to have.
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Rising Rents —Insurance, operating costs force higher apartment fees
"David Abbenante, director of property management for HRI Properties, said every apartment owner would be glad to return rents to pre-Hurricane Katrina levels — if guaranteed pre-storm operating expenses.
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In New Orleans, a Test of Mixed Income Housing
"Despite the havoc wrought by Hurricane Katrina around this city, one slice of the housing market is showing resurgence.
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Rising rents could be around a while
"The average rent in Metropolitan New Orleans is up 27 percent since Katrina and experts don’t expect them to come down significantly anytime soon.
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Apartment Rebound
"Amid a tough financing and insurance environment, developers are using their own resources to reopen N.O. complexes.
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Doing the Second-Line Boogie
"Phenomenal rent growth and low vacancies make New orleans a market worthy of a parasol-twirling parade.
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New Orleans Multifamily Market
"Kick an ant pile and immediately you see the ants begin to rebuild their community. Devastate a major area with the winds and water of Hurricane Katrina and you will see the same reaction.
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Bayou Build-out:
The Big Easy begins to bounce back.
"The Jazz funeral that many thought was immiment for the metro New Orleans apartment market is officially cancelled.
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Apartment Plans Address Neighborhood's Concerns
"In eastern New Orleans, homeowners have complained often about multifamily housing appearing without any input from neighborhood associations.
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Apartment Renovations to Address Rent Pinch
"About 2,300 of the 7,000 apartment units available in eastern New Orleans before Hurricane Katrina are back online.
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Paul Kapelow, visionary real estate developer
"Paul Kapelow, a real estate developer whose commercial and residential projects in the New Orleans area beginning in the 1950s are still lauded as visionary, died Tuesday in Hollywood, FL...
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Abandoned Properties Remain Prevalent 20 Months Post-K...
"As the New Orleans are continues to recover from Hurricane Katrina, the West Bank still has a number of homes, apartments and businesses that remain...
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Look Who's Talking...
"Real estate broker Larry Schedler has sold more than 22,000 multi-family units in more than 20 years. He was involved in the recent $46-million sale of the Esplanade City Park...
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Rents Rocket
"More than 38,000 of 45,000 pre-Hurricane Katrina rental units are back on the market, according to the Apartment Association of Greater New Orleans...
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Private Money Fuels Apartment Recovery
"Well-financed private investors are pumping millions of dollars into renovating flood-ravaged New Orleans apartment complexes and, in a race to get their units on the market, are moving at a much faster pace than...
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Nothing Easy about Rebuilding New Orleans
"Robert Greer has been through more than a year of frustration and it's not over yet. The president of Michaels Development Co. has spent months...
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Rental Assistance
"One developer plans to convert the old Falstaff brewery on Tulane Avenue into a mixed-income community with 156 apartments. Another wants to turn a downtown...
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Space Crunch
"In a city facing one of the most profound real estate challenges in modern history, the opportunities and impasses seem to...
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Many Apartments Slated for Comeback
"Many of the large apartment complexes in eastern New Orleans are slated for complete renovation, a sign...
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Esplanade sells for $46 million
"The first of what could be $750 million in investment in as many as 10,000 rental units...
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Plots & Ploys
"In a sign of New Orleans' housing shortage, a 443-unit apartment complex has netted $46 million...
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Esplanade at City Park Goes for $46M, said Top Louisiana Multi-family Sale Ever
"New Orleans' Esplanade City Park has sold for $46 million, reportedly the biggest multi-family deal in Louisiana history. The deal...
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California Company Buys Regency Club Apartments
"The Regency Club apartments on Southfork Drive near South Sherwood Forest Boulevard changed hands Thursday for $20.7 million, an agent involved in the sale said. The 312-unit complex...
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Brokerage Firm Arranges $46M Sale of 443-Unit Mixed-Use Complex
"The $46-million sale of Esplanade at City Park, a seven-story, 443-unit mixed-use complex here. The transaction is said to be the largest-ever multi-family property sale in the city...
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Attention Shoppers: You Can Live at Target
"Tenants looking for professional office space or even apartments often say they want ample parking, nice views and close access to ships and restaurants. So why not...
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Land Shortage Stifles for Large Apartment Development
"Metairie apartment broker a Larry Schedler answers 15 to 20 calls every day, most from out-of-towners interested in...
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Housing Planned for Poor, Elderly
"Hurricane Katrina caused billions of dollars of damage to New Orleans housing, but it could...
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Catholic Charities Plans to Develop 4,000 Homes
"Catholic Charities plans to build 4,000 rental homes and apartments to address the area's shortage of affordable housing...
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Apartment Repairs Slow; Rents Already on the Rise
"Scarce building materials, the slow pace of insurance settlements and a labor shortage are slowing repairs at thousands of...
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Real Estate Rush Crowds Apartments
"Hurricane Katrina created overnight demand for every apartment, hotel room and home left after an estimated...
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With Few Rentals, New Orleans Struggles
"The future of this battered city is far from certain, but the next few years look...
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Brokerage Outlook: Louisiana
"The 1980s syndicator Craig Hall authored a book titled "The News of My Death Has Been Greatly Exaggerated." Never was a saying more...
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As New Orleans tries to recover, the need for multi-family product is immediate.
"As the water levels in the streets and neighborhoods of New Orleans dissipate and jazz begins to once again...
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