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New Orleans Redevelopment Fund expands into Texas market
News 5 days ago
New Orleans Redevelopment Fund expands into Texas market

The New Orleans Redevelopment Fund has acquired a property in Houston as part of its regional growth strategy. The Fund has closed on its...

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Pandemic highlights big box stores’ ability to pivot
News 1 week ago
Pandemic highlights big box stores’ ability to pivot

Late last year, Best Buy began testing curbside pickup at select stores as a way to respond to customer needs. But that was then. The pandemic...

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Trump administration cuts royalty rates for oil and gas
News 1 week ago
Trump administration cuts royalty rates for oil and gas

The Trump administration has started giving energy companies temporary breaks on royalties and rent they pay to extract oil and gas from leases on...

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Walmart online sales surge 74%
News 1 week ago
Walmart online sales surge 74%

Walmart became a lifeline to millions of people as the coronavirus spread and its surging profit and sales during the fiscal first quarter topped...

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HRI Communities moves forward with Bottle Art Lofts in Lafayette
News 1 week ago
HRI Communities moves forward with Bottle Art Lofts in Lafayette

HRI Communities is moving forward with a $16 million adaptive re-use project in Lafayette that includes 40 loft-style apartments with a preference...

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Real estate adjustments in the COVID-19 era
News 3 weeks ago
Real estate adjustments in the COVID-19 era

Real estate is one of the business sectors that has been hardest-hit by COVID-19. Below is a quick summary of some of the ways that real estate...

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Panel predicts COVID-19 impacts on New Orleans economy
News 3 weeks ago
Panel predicts COVID-19 impacts on New Orleans economy

The Federal Reserve has pumped roughly trillions of dollars into the U. S. economy and cut its benchmark interest rate to a range of 0% to 0.25%...

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State directs $10.4M grant to New Orleans for affordable housing
News 3 weeks ago
State directs $10.4M grant to New Orleans for affordable housing

Louisiana's state government has committed a $10.4 million community development block grant to the city of New Orleans to support nine affordable...

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Construction continues on some projects, others hit pause button
News 3 weeks ago
Construction continues on some projects, others hit pause button

The novel coronavirus has forced local and state governments to shut down different sectors of the economy in an effort to combat the spread of the...

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What’s shopping in a pandemic like? Drive to your local mall
News 4 weeks ago
What’s shopping in a pandemic like? Drive to your local mall

Many Americans are getting their first taste of what pandemic shopping looks like at their local mall. Simon Property Group, the nation's largest...

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Colleges test new initiatives as pandemic threatens budgets
News 1 month ago
Colleges test new initiatives as pandemic threatens budgets

Free tuition for first-time students, shorter summer terms, easier transfers and no application fees. These are some of the perks and programs...

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St. Tammany Parish office market saw growth in 2019
News 1 month ago
St. Tammany Parish office market saw growth in 2019

The St. Tammany Parish office submarket continued to show steady growth in 2019, with multiple companies making announcements to either expand or...

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Walmart temporarily closing another New Orleans store
News 1 month ago
Walmart temporarily closing another New Orleans store

Walmart says it's closing its store at 4001 Behrman Place on the West Bank for a day to deep clean it. The store will close Tuesday and reopen on...

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Wiped out of toilet paper? Here’s why
News 1 month ago
Wiped out of toilet paper? Here’s why

What does toilet paper have to do with a global pandemic? Nothing. Yet millions of people have been panicking about their household supply. Stores...

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Walmart temporarily closing 3 New Orleans-area stores
News 1 month ago
Walmart temporarily closing 3 New Orleans-area stores

Walmart says it will temporarily close three stores in the New Orleans area to further sanitize them and restock shelves. Stores closing on...

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Orleans assessor takes issue with state audit of property assessments
News 1 month ago
Orleans assessor takes issue with state audit of property assessments

Orleans Parish Assessor Erroll Williams says he “vehemently disagreed” with some of the findings in a legislative audit report which says more than...

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How ‘stay-at-home’ orders impact Louisiana commercial leases
News 2 months ago
How ‘stay-at-home’ orders impact Louisiana commercial leases

To slow the spread of the novel coronavirus, Gov. John Bel Edwards and Mayor LaToya Cantrell have issued stay-at-home orders mandating that...

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Former Warwick Hotel redevelopment closes on financing
News 2 months ago
Former Warwick Hotel redevelopment closes on financing

The New Orleans Redevelopment Fund has closed on $45 million in financing to convert the former Warwick Hotel into a mixed-use apartment building...

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Urgent question from small businesses: When will aid arrive?
News 2 months ago
Urgent question from small businesses: When will aid arrive?

When will the money arrive? That's the urgent question for small business owners who have been devastated by the coronavirus outbreak. They're...

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New Orleans real estate market takes precautions amid pandemic
News 2 months ago
New Orleans real estate market takes precautions amid pandemic

A recent study conducted by the National Association of Realtors says nearly one in four home sellers nationwide are changing how their property is...

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Retail sales fall 0.5% in February, biggest drop since 2018
News 2 months ago
Retail sales fall 0.5% in February, biggest drop since 2018

Retail sales fell 0.5% in February, the largest drop in more than a year, indicating that the consumer sector was slowing even before the...

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More wipes, no jeans: Amazon limits shipments to warehouses
News 2 months ago
More wipes, no jeans: Amazon limits shipments to warehouses

Amazon, in an attempt to fill its warehouses with toilet paper, hand sanitizer and other items in high demand, said Tuesday that it will limit what...

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Urban Properties Real Estate acquires property for new HQ
News 2 months ago
Urban Properties Real Estate acquires property for new HQ

Urban Properties Real Estate has acquired a Lower Garden District property for its new headquarters. The commercial brokerage, property management...

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1 Louisiana-based movie equipment rental company buys 2nd
News 2 months ago
1 Louisiana-based movie equipment rental company buys 2nd

A Louisiana-based company that provides trucks, talent and trailers to film companies around the country has bought a New Orleans movie truck...

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Louisiana state office attempting to collect more than $522M
News 2 months ago
Louisiana state office attempting to collect more than $522M

A state office is attempting to collect about $522.3 million in outstanding debts, officials said Wednesday. That's the amount being sought by the...

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‘The Blue Store’ is red hot during crawfish season
News 3 months ago
‘The Blue Store’ is red hot during crawfish season

Ash Wednesday is always a crazy day for boiled seafood markets in New Orleans. Any Friday during Lent will be crazy too, as another Louisiana...

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No checkout needed: Amazon opens cashier-less grocery store
News 3 months ago
No checkout needed: Amazon opens cashier-less grocery store

Amazon wants to kill the supermarket checkout line. The online retailing giant is opening its first cashier-less supermarket, where shoppers can...

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Hammond apartment property sells for over $7 million
News 3 months ago
Hammond apartment property sells for over $7 million

A 141-unit apartment property in Hammond has changed hands. Creekwood Townhomes, located at 15043 Woodstone St., sold for $7.698 million, according...

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Tulane signs lease at former Warwick Hotel
News 3 months ago
Tulane signs lease at former Warwick Hotel

Tulane University has signed a long-term lease with the owners of the former Warwick Hotel, an agreement that will greatly expand its downtown...

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Veterans housing community is rare net-zero energy project
News 3 months ago
Veterans housing community is rare net-zero energy project

The architects of a new veterans housing community in New Orleans say the building is likely the first commercial building in Louisiana to achieve...

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