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.
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.
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…
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…
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…
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…