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.
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.
Space Crunch
“In a city facing one of the most profound real estate challenges in modern history, the opportunities and impasses seem to…
Apartment Rebound
“Amid a tough financing and insurance environment, developers are using their own resources to reopen N.O. complexes.
Doing the Second-Line Boogie
“Phenomenal rent growth and low vacancies make New orleans a market worthy of a parasol-twirling parade.
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.
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.
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…
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.
Apartment Plans Address Neighborhood’s Concerns
“In eastern New Orleans, homeowners have complained often about multifamily housing appearing without any input from neighborhood associations.