New Orleans Commercial Property Newsletter

Louisiana Commercial Realty Hired To Market Premier Medical Center In HattiesburgLouisiana Commercial Realty and its sister company, Mississippi Commercial Realty, were hired recently to market the only Class A medical office center in Hattiesburg, Mississippi, known as One Lincoln Parkway Medical Center.

Robert Hand, August 2, 2017

Louisiana Commercial Realty Ranked Among Top Real Estate Companies In Gulf SouthLouisiana Commercial Realty has been ranked among the top 100 commercial-only real estate brokers in the Gulf South area, including northwest Florida, Alabama, Mississippi and Louisiana, having been inducted into the Society of Industrial and Office...

Robert Hand, August 1, 2017

Louisiana Commercial Realty Helps Kids Git To SkoolSometimes we forget that behind the everyday tasks of waking up, getting dressed, eating breakfast, and just getting to school or work are people making alarm clocks, clothes, frozen waffles and driving buses to help us along the way.

Robert Hand, July 27, 2017

So You Need A Place To Park 20 School Buses: Not So FastNew Orleans contracts out all the transportation work including streetcars, city buses and public school buses to outside vendors, who are mostly from out of state, so carpetbaggers are always asking where can I find a lot to park my buses.

Robert Hand, May 26, 2017

Louisiana Commercial Realty Hired To Market High Tech Class A Office Full Floor Space In CBD   For decades prior to 2005's Hurricane Katrina, new businesses fled New Orleans in mass for greener pastures with more high-tech employees and payroll tax incentives, but after Katrina many residents launched their entrepreneurial spirit...

Robert Hand, May 25, 2017

Louisiana Commercial Realty Hired To Sell Largest Office Property Near Ochsner Baptist After unsuccessful attempts by Latter & Blum, the largest commercial real estate firm in the south, to sell his property, the owner of the largest office property for sale near Ochsner Baptist Hospital decided to try a different approach and...

Robert Hand, March 27, 2017

8 Things To Immediately Do When Your Property Has Code Violations With over 4,000 known blighted properties in New Orleans, and probably an additional 10,000 not yet declared blighted, city officials have recently discovered they can bring in new revenues from code violation fines.

Robert Hand, February 7, 2017

CityBusiness Interviews Louisiana Commercial Realty For The Scoop On New Orleans' Largest Apartment DevelopmentConstruction starts on $61M ‘Canal Crossing’ development downtown By: Andrew Valenti, Reporter, January 31, 2017 Construction has begun on a massive mixed-use development at the site of a former Canal Street surface parking lot led by a real ...

Robert Hand, January 31, 2017

Why Tariffs Take Money Out Of Your PocketAt first glance, imposing tariffs or quotas appear to be the perfect solution to get American industries back on track to prosperity, but the reality is that tariffs steal money out of consumers’ pockets by causing prices to increase, stifle creati...

Robert Hand, December 17, 2016

CityBusiness Interviews Louisiana Commercial on Tulane Avenue DevelopmentThe recent sale of 2537 Tulane Avenue for $5.

Robert Hand, October 12, 2016

The Real Reason Nobody Wanted To Build A Hotel On The New $800 Million New Orleans Airport North TerminalThe city's criteria for building a hotel on the New Orleans airport north terminal property will shock you. The hotel is part of the $800 million new terminal on the massive stretch of land on the north end near Veterans Boulevard.

Robert Hand, October 7, 2016

Times Picayune | Interviews Louisiana Commercial Realty On Airport Hotel DevelopmentThe Times-Picayune first broke the story that no bidders stepped forward to lease 22,000 square feet of city land to build an 8-story, $17 million, 140 room hotel on the $807 million airport terminal development on the north side of the existing Lou...

Robert Hand, October 4, 2016

CityBusiness Interviews Louisiana Commercial Realty on Airport Hotel DevelopmentThe largest development in the history of Jefferson Parish, and the one having the biggest impact on the future of New Orleans, is the development of the $807 million dollar north terminal at Louis Armstrong Airport, which will include a 140 room...

Robert Hand, October 4, 2016

Lease 101-Why the CPI Adjustment Is The Most Important Language In A Lease AgreementWhether you rent office space, a warehouse, or a retail store, your lease probably has language that ties rent you pay to the Consumer Price Index.

Robert Hand, September 17, 2016

The Shocking Truth Why Blighted Houses Still Exist In New Orleans 11 Years After KatrinaThe City Has A Process That Fosters Blighted Property It's not a conspiracy, but the result is the same: New Orleans still has thousands of blighted houses.

Robert Hand, September 11, 2016

Flooded? Here's What To Do Today & What Your First Day Cleaning Up Will Cost The Storm Did Not Even Have a Name Most people are getting an idea of the devastation that unprecedented rain brought to 20 parishes on August 12th, and visits by Trump and Obama will remind us that this was a 1-in-1,000 chance of happening and ...

Robert Hand, August 22, 2016

Know What New Orleans' Commercial Real Estate Is Worth: Retail, Industrial, Multifamily & Office Market Prices TodayWith a 77% increase in price, the gold medal for New Orleans' commercial real estate goes to the apartment sector, far outpacing every other sector of commercial real estate over the past year.

Robert Hand, August 14, 2016

Don't Be Fooled By Commercial Real Estate PricesPricing commercial real estate is vastly different from other assets, such as stocks and bonds where thousands of buyers and sellers state openly their best price and recent transactions are known by all.

Robert Hand, August 12, 2016

Everything You Need To Know About Reading A Flood Insurance Rate Map *But Were Afraid To Ask How to Read a Flood Insurance Rate Map Normally when people in New Orleans ask if an area floods they are talking about heavy rains causing water to pool in the streets until the city pumps can suck the water down the drains and into the Mississip...

Robert Hand, August 4, 2016

The Hidden Penalty On All Who Love New OrleansNew Orleans once was one of the largest cities in America- for over 140 years.

Robert Hand, August 4, 2016

How To Value New Orleans Commercial Real Estate Using Cap RateMoney is made in commercial real estate by having the vision to create value where none before existing.

Robert Hand, July 29, 2016

How Much Space Does Parking Steal From Your Real EstateYou need parking for 75 people, but how do you convert this into useful information, such as square footage of land? A good rule of thumb is to allow just as much square footage for parking as you estimate you will need to allow for any building, wh...

Robert Hand, July 27, 2016

Parking Requirements For New Orleans Commercial Real EstateWhen you purchase commercial real estate, one of the top 5 things you need to know on day one should be the parking requirement. Parking requirements are established by the Department of Planning in the Parish where the property is located.

Robert Hand, June 10, 2016

New Orleans Commercial Real Estate Zoning For DummiesIn this article we examine the permitted uses in various zoning districts for New Orleans commercial real estate including Orleans and Jefferson Parishes.

Robert Hand, April 23, 2016

The Insanity of Real Estate Inspection RenegotiationIt's really smart to bring in experts when facing major decisions and a purchase of high value real estate is no exception; however, there is a widespread trend, while not illegal, that many real estate professionals consider unethical: the inspe...

Robert Hand, July 10, 2015

Will Louisiana's Economy Decline Due To Oil's DeclineLouisiana is second in the nation in refinery capacity and has 112,000 miles of pipeline carrying crude oil and natural gas, so will the collapse in the price of oil also cause a collapse in Louisiana's economy? Uncle Jed Missed The Rabbit and Hit O...

Robert Hand, July 3, 2015

Are Movies Really An Economic Driver For Louisiana?Louisiana first encouraged the movie industry to come here in 2002, when the legislature passed the Motion Picture Tax Credit Program, but it didn’t catch on until we beefed it up in 2005, and this year the incentives are producing spectacular res...

Robert Hand, June 19, 2015

Is 2 Years A Long Time To Lease Vacant Space?You might think taking 2 years to lease vacant office space is an outlier, an anomaly, or that something's just wrong: like a building sitting on an earthquake fault; however, it's just par for course for downtown New Orleans' finest office towers w...

Robert Hand, June 12, 2015

Louisiana Commercial Realty Hired To Market Well Known Reilly Benton WarehouseIt is a 100 year old well known historic-looking warehouse, steeped in the history of New Orleans as a port city, and the owners have recently hired Louisiana Commercial Realty to market nationwide the 39,042 square foot brick building for lease.

Robert Hand, June 3, 2015

How To Value Commercial Real Estate Using Cash Flow and Present ValueThe most popular method of appraising commercial real estate is not the most accurate.

Robert Hand, May 30, 2015

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