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 appreciation, sales, rent and occupancy growth. Unlike the majority of...
Read More ⇒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...
Read More ⇒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.
Read More ⇒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
Read More ⇒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...
Read More ⇒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 Walker & Dunlop, a national firm with a New Orleans...
Read More ⇒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...
Read More ⇒10/14/2013 There is a buzz about New Orleans — no longer are only locals singing the virtues of this great American city. In fact, Forbes rated New Orleans the fastest-growing city since the recession in 2013, Bloomberg describes the Crescent City as “Boomtown,” CNN Money rated Louisiana as one of...
Read More ⇒By Eliza Theiss, Associate Editor 10/09/2013 Lately it seems that all eyes are on New Orleans (NOLA). All but washed away just eight years ago when Hurricane Katrina submerged 80 percent of the city, NOLA is showing healthy market indicators. National retailers such as Costco and Walmart are moving to...
Read More ⇒