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Algiers apartment deal leads multi-family trend

Dec 18, 2014

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 multi-family acquisitions throughout the New Orleans metro area and the...

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Report: Apartment occupancy, rents stable in NOLA

Nov 06, 2014

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 fall edition of the Greater New Orleans Multi-Family Report keeps...

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New Units to Test CDB Apartment Market

Sep 19, 2014

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 18 months. Pre-leasing has started for The Paramount, one of...

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Higher housing costs put pinch on local workforce

Aug 18, 2014

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 house. 

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Rental demand in metro New Orleans area soars to new heights

Jul 14, 2014

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 http://www.fox8live.com/clip/10358347/rental-demand-in-metro-area-soars-to-new-heights

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NOLA apartment market sustains high occupancy, rents

Jun 03, 2014

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 an all-time high. The spring edition of the Greater New...

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New Orleans complex sells for $54.5 million

Dec 09, 2013

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 Palm Beach purchased the 441-unit Esplanade at City Park for...

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