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What Is Killing The Appraisal Industry In Louisiana?

Most Louisiana appraisers licensed in 2013 actually live in Texas. The appraisal industry in Louisiana is undergoing a significant decline in the number of general licenses issued to Louisiana appraisers while at the same time appraisers in Texas are being hired to perform appraisals in Louisiana. The result is a dying Louisiana industry.   Types… Continue Reading

Commercial Real Estate Tax Credits For Dummies

The purpose of commercial real estate tax credits is to encourage the preservation of historic buildings through incentives to support rehabilitation of historic and older buildings. Since the inception of the Federal Rehabilitation Tax Credit, Louisiana has been a leader in certified tax credit projects, generating over $2 billion in private reinvestment in Louisiana communities.… Continue Reading

Fraud, Greed and Development of New Orleans Commercial Real Estate

Since New Orleans is almost 300 years old, you’d expect some interesting stories behind its more prominent buildings, and the vacant Market Street power plant near the New Orleans Convention Center does not disappoint. Built in 1927, the 5 story coal-fired power plant probably contains asbestos and who knows what else detrimental to life, but it… Continue Reading

Best City In Louisiana For Jobs: Houma

Every day the United States government collects data and nobody likes personal information collected, but there is other information collected that we need which is very helpful, such as data used in determining the health of the economy. One of the most important numbers collected by the Department of Labor is how many people are out of… Continue Reading

Analysis of What Businesses Are Needed In the East

This 25 page report analyzes in detail what businesses are needed in New Orleans East. We examine consumer spending to determine Retail Gaps and calculate the Leakage Factor to see where the unfulfilled demand is. Feasibility New Orleans East – Download pdf    

How To Use Statistics To Value Commercial Real Estate

Commercial real estate valuation differs from stock and bond valuations because ral estate often has fewer buyers, only one seller, little comparable properties and location biases, compared to pricing a share of stock which is quoted visibly and enjoys hundreds of trades every minute. If commercial real estate information was more widespread and there were more buyers… Continue Reading

CityBusiness Named Robert Hand Top 50 Financial Executive

CityBusiness Named Robert Hand one of the Top 50 Financial Executives in New Orleans for 2012. “It’s  possible to spur redevelopment along a dilapidated corridor and bring affordable housing to a community while still making a profitable investment. Just ask Robert Hand, who has played a key role in securing more than $200 million for new… Continue Reading

The Fastest Growing Cities In Louisiana-Not Who You Think

Fastest Job Growth In Louisiana Even through the state of Louisiana reports one of the lowest unemployment rates in the nation dropping to 4.5 percent, not all areas of Louisiana have witnessed reduced unemployment in the last 12 months. For example, Shreveport suffers from a reversal of the Haynesville Shale boom with a employment decline of 0.2… Continue Reading

Louisiana 4.5 Percent Unemployment Among Lowest In U.S.

The preliminary figures from The Bureau of Labor Statistics show Louisiana has a low unemployment rate of 4.5 percent, compared to the US rate of 6.3 percent, as of April 2014. Forty-three states had unemployment rate decreases, two states had increases, and five states had no change. The national jobless rate fell to 6.3 percent in… Continue Reading

Major Industries in the 10 Parish New Orleans Market

The major industries in the 10 parish area are hotel, health care and retail, but manufacturing is still number four on the list. The table below shows the average number of people employed in the industry and the employment as a percent of total employment.  Major Industries in the 10 Parish Area AVERAGE EMPLOYMENT EMPLOYMENT PERCENTAGE… Continue Reading

Are Commercial Real Estate Cap Rates Tied To Treasury Rates?

The most important financial change of anyone alive today has been the reverse of the 1970’s decade of inflation and subsequent declining interest rates since the 1980’s. The decline in interest rates the last three decades has impacted commercial real estate due to the principal of “Opportunity Cost”, because as alternative investment returns decline, commercial… Continue Reading

Louisiana Commercial Realty Sets High Price For Industrial Land

Louisiana Commercial Realty announced today that the company had brokered 22,000 square feet at 210 Industrial Avenue for one of the highest prices recorded in Jefferson Parish for industrial land. Commercial real estate broker Robert Hand says, “In Jefferson Parish there are currently 80 properties of vacant land for sale at an average price of $5.68 per square foot over the… Continue Reading

Louisiana Commercial Realty Helps Sukho Thai Expand In New Orleans

Louisiana Commercial Realty announced today the completion of negotiations and the purchase of 2200 Royal Street for the newest location of a Sukho Thai restaurant in New Orleans. Robert Hand, president of Louisiana Commercial Realty, says, “After an exhausting search including hundreds of possible locations, we are pleased to have completed negotiations for our client to… Continue Reading

NEGOTIATE COMMERCIAL REAL ESTATE CONTRACTS WITH STRENGTH

NEGOTIATE COMMERCIAL REAL ESTATE CONTRACTS WITH STRENGTH For investors and/or commercial brokers, negotiating a commercial real estate contract can be rather daunting. If done incorrectly, then the losses can be astronomical. It is critical that you know the key provisions of a commercial real estate contract and how to effectively negotiate terms. First and foremost,… Continue Reading

New Orleans Commercial Real Estate | POSTPONING TAXES WITH 1031 EXCHANGES

POSTPONING TAXES WITH 1031 EXCHANGES The 1031 exchange, also termed the Starker exchange or tax-deferred exchange, allows you to sell investment property and to defer capital gains and depreciation recapture taxes. Assuming that you are reinvesting 100% of the equity into “like-kind” property of equal or greater value. “Like-Kind” property is any property held for… Continue Reading

New Orleans Commercial Real Estate | SALE CONTRACT PITFALLS

SALE CONTRACT PITFALLS   There will always be risks involved when purchasing a piece of investment property. However, the goal is to minimize these risks as much as possible. The following are several potential sale contract pitfalls you may want to avoid. It is critical that you find out if there are any defects in title… Continue Reading

New Orleans Commercial Real Estate | How To Value Land

Even though large tracts of vacant land are scarce in New Orleans, it can be difficult to accurately value raw land. This article explains how sophisticated commercial property investors value land to determine if their development is feasible. How property is valued will surprise you. The value depends on how the site is utilized. It’s called… Continue Reading

Feasibility of Retail Developments in New Orleans East

New Orleans East is an area with seven times the national population growth rate and an estimated 100,000 people with median household income of $43,000 who are underserved by businesses yet to come back to the area. An opportunity exists for retail businesses to come to the area and this report examines which businesses are… Continue Reading

New Orleans Commercial Real Estate-What Are Current Office Trends?

New Orleans Commercial Real Estate is a diversified market with seven different sectors, each sector is different in size. The table below shows the major sectors of the New Orleans commercial real estate market, as well as the average asking prices and actual transaction price variance, and the number of days the property was on the market.… Continue Reading

When Can The Fire Marshal Shut Down Your Business?

If you operate a bar or music venue, you already realize the fire marshal can close down your business for a variety of reasons. For example, the allowed capacity is one person for every 7 square feet of space if the property is sprinklered, or 142 people per 1,000 square feet. Property not sprinklered requires 15 square… Continue Reading

Zoning For Dummies: April Fool! Identical Zoning Codes Vary By Parish

The C-1, Commercial, Zoning Designation Means Different Permitted Uses In Orleans and Jefferson Parish You would think if a property in Orleans Parish has the same zoning designation as a property in Jefferson Parish, that the permitted use would be the same. Logical, but not true. In Orleans Parish, the C-1, Commercial, zoning designation allows… Continue Reading

13 Tools Of Math For Smarter Investing

Trading System Signals There are 13 basic tools using technical analysis that can assist you in investing. These tools of technical analysis, combined with fundamental analysis, could give you more confidence in decision-making. 10 Day Moving Average Long/Short Signal The 10 Day Moving Average Long/Short signal is designed to identify stocks that are technically sound… Continue Reading

Flood Zoning For Dummies

Definitions of FEMA Flood Zone Designations Flood zones are geographic areas that the FEMA has defined according to varying levels of flood risk. These zones are depicted on a community’s Flood Insurance Rate Map (FIRM) or Flood Hazard Boundary Map. Each zone reflects the severity or type of flooding in the area. Moderate to Low Risk… Continue Reading

Economy Growth Rate Is Slowing

The growth rate of the economy is slowing, according to the latest figures released from the Bureau of Economic Analysis. Back in August 2013, personal income grew at .5% and then is September grew at .4% but then in October, November, December started to wane with December’s growth less than .1 percent. This means we… Continue Reading

What Is Commercial Real Estate In New Orleans Really Worth?

The total supply of commercial real estate for sale in New Orleans is approximately $726,000,000 with vacant land being the largest sector valued at almost $242 million, followed by office property valued at $175 million. There are two databases that house information on most of the commercial property for sale in the New Orleans area. The… Continue Reading

Avoiding Three Big Mistakes In Valuing New Orleans Commercial Real Estate

Commercial real estate in New Orleans is often valued incorrectly which can be a disaster, but it also creates opportunity: big money is made when you understand how to value commercial real estate correctly.  This article examines three basic mistakes anyone can make when valuing commercial real estate. The first mistake commercial real estate buyers and sellers make… Continue Reading

New Orleans Commercial Real Estate: Know Your Zoning

This issue examines New Orleans’ commercial real estate zoning changes and explores what businesses are allowed in the Light Industrial, Heavy Industrial and C-1 categories. New Zoning Master Plan The New Orleans City Planning Commission is preparing a citywide Master Plan to guide the longterm physical development of the city, along with a new, user-friendly… Continue Reading

Kenner Industrial Zoning Comparison

Kenner is like most zoning authorities in that they want to spell out in zoning ordinances exactly what is allowed, such as areas for blacksmithing, macaroni making, manufacturing of looseleaf paper, thermometers and wire brushes. Zoning codes also detail some silly permitted uses. This article compares the industrial zoning codes and clears up the confusion. Kenner, Louisiana, has… Continue Reading

Flood Insurance Passed

Senate Passes Flood Insurance FOR IMMEDIATE RELEASE January 30, 2014 Contact Information: Caitlin Berni, Greater New Orleans, Inc., 504.527.6980, cberni@gnoinc.org Coalition for Sustainable Flood Insurance Commends Senate for Passing Milestone Flood Insurance Measure  Coalition Now Urging House to Act Washington, D.C. — Today, Greater New Orleans, Inc. President and CEO Michael Hecht, on behalf of the Coalition for… Continue Reading

CityBusiness Interviews Louisiana Commercial Realty On Boutique Hotel

Audubon Building’s new owner plans boutique hotel 4:04 pm Wed, June 2, 2010 POSTED: 04:04 PM Wednesday, June 2, 2010 BY: CityBusiness staff reports TAGS: Audubon Building, Mark Wyant,  Robert Hand A former condo project along the Canal Street corridor is being converted into what the developer calls an “upscale boutique” hotel. The eight-story structure… Continue Reading

Q&A with Robert Hand, Louisiana Commercial Realty

Q&A with Robert Hand, Louisiana Commercial Realty 4:55 pm Tue, November 20, 2012 POSTED: 04:55 PM Tuesday, November 20, 2012 BY: Ben Myers, Reporter New Orleans City Business TAGS: industrial, listings, Louisiana Commercial Realty, Louisiana Commercial Realty, New Orleans commercial real estate, office, retail, Robert Hand, speculator, speculators, vacant land Office and retail space in… Continue Reading

CityBusiness Interviews Louisiana Commercial Realty On Tulane Avenue Developments

Brokers predict deliberate progress on Tulane Avenue 1:13 pm Wed, May 15, 2013 POSTED: 01:13 PM Wednesday, May 15, 2013 BY: Robin Shannon, Reporter New Orleans City Business TAGS: Avery’s Po-Boys, Finn McCool’s, Greater Mid-City Business Association, Justin Pitard, Louisiana Commercial Realty, Pauline Patterson, Re/Max Commercial Brokers, Richard Juge, Robert Hand, Stephen Patterson, Treo, Tulane… Continue Reading

CityBusiness Interviews Louisiana Commercial Realty On Office Forecast For 2014

Office forecast calls for continued high rent, occupancy POSTED: 12:03 PM Wednesday, January 8, 2014 BY: Robin Shannon, Reporter TAGS: Bruce Sossaman, CBD, commercial real estate, Corporate Realty, Louisiana Commercial Realty, Metairie, New Orleans, office, One Shell Square, Robert Hand, Robin Shannon, Shell, URS Commercial real estate agents in the New Orleans area say the… Continue Reading

CityBusiness Interviews Louisiana Commercial Realty On Apartment Development

Sprawling apartments still trouble eastern N.O. 3:21 pm Tue, October 19, 2010 POSTED: 03:21 PM Tuesday, October 19, 2010 BY: David Muller, Staff Writer New Orleans City Business TAGS: Bern-Mas Apartments, eastern New Orleans, Eastern New Orleans Neighborhood Advisory Commission, Graham Little, Greater New Orleans Multi-Family Housing Report, Jon Johnson, Lake Forest Shopping Center, Methodist… Continue Reading

Commercial Real Estate Trends-Orleans Parish

Orleans Parish Commercial Real Estate The commercial real estate market in Orleans Parish is currently 3.1 million square feet for lease and 3.7 million square feet for sale with a sale price of 266 million. The office category comprises the largest sector at approximately 50% of the space for sale or lease, followed by retail, shopping… Continue Reading

Finding The Digital Media Industry In New Orleans

The best way a business can stay competitive is to utilize incentives offered by state and local governments. Louisiana offered tax credits to the movie industry several years ago and the result was a subsequent explosion in movies made here and a boost to the economy from payroll and visibility driving demand toward our tourism industry.… Continue Reading

Office Sector In Commercial Real Estate Exploded In 2013

Three trends emerged in the commercial real estate office market in the New Orleans area in 2013.   Trend #1-Orleans Parish office space leased and sold faster than ever before, at an average 35 days on the market versus an average of 274 days the last 12 months. Trend #2-Orleans Parish office space for sale… Continue Reading

Louisiana Adds 30,800 Jobs And Unemployment Rate Rises

The preliminary employment numbers are just now in from the Bureau of Labor Statistics, and they show Louisiana added 30,800 jobs for the 12 month period ending October 2013. Employment in Louisiana for the 12 months ending October 2013 grew from 1,935,700 to 1,966,500. The table below shows the states with statistically significant employment changes, seasonally… Continue Reading

Just Out Today-How Is The U.S. Economy Doing?

One of the most important indicators of how the U.S. economy is doing is personal income because it shows the potential spending power of the consumer which drives 2/3 of the economy with manufacturing now driving only 1/3 of the economy. Today the Bureau of Economic Analysis released data on how personal income changed for… Continue Reading

How Is The New Orleans Economy Doing?

Just out today is the Bureau of Economic Analysis report on GDP by MSA, showing last year the New Orleans-Metairie economy grew almost twice the average pace at 8.0% compared to the U.S. at 4.09%. Chart of New Orleans GDP, Current Dollar Percent Growth The New Orleans MSA was one of 305 Metropolitan Statistical Areas… Continue Reading

New Orleans Employment Compared to U.S. Employment Growth

Just out today are the numbers on how many people are employed in the U.S., but if you drill deeper, you can find out current employment data on Louisiana and also the New Orleans MSA. Looking at employment growth provides a snapshot of consumer spending driving economic growth and can help you plan a wide… Continue Reading

How Louisiana Employment Growth Compares to the U.S.

Today the Bureau of Labor Statistics announced the unemployment numbers for the period ending July 2013 broken down into the 372 metropolitan areas. Jobless rates were lower in July than a year earlier in 320 of the 372 metropolitan areas, higher in 38, and unchanged in 14. Forty-one areas had jobless rates of at least 10.0… Continue Reading

Times-Picayune Interviews Louisiana Commercial Realty On Tulane Avenue Growth

Tulane Avenue is transitioning from a mixture of businesses operating out of shotgun houses, outdated hotels, bars, auto repair shops and bail bondsmen to a neighborhood of new multi-million dollar apartments and retail centers. This process is technically called “gentrification”, where commercial real estate undergoes a change to a higher and better use. Recently, the Time-Picayune newspaper discussed… Continue Reading

Mixed Martial Arts: New Orleans vs. U.S. Personal Income Growth

The last few years have been good to New Orleans, with lower unemployment than the rest of the U.S. and the focus on tourism resulting in jam-packed restaurants and hotels. But it hasn’t always been this way. What is really interesting is, how does the New Orleans’ economy compare to the rest of the U.S.?  This article… Continue Reading

Tulane Avenue Hospital Draws New Apartment Development

The latest apartment to be developed near the new Tulane Avenue hospital is announced. Despite the fact that everyone knows about the billion dollar VA/LSU hospital complex, which is the largest new hospital development in the US-being built on Tulane Avenue-only now has a developer stepped forward to convert a nearby vacant building into apartments. The building is the 17… Continue Reading

Does US Employment Rate Affect The New Orleans’ Economy

The numbers are out, but the numbers behind the published numbers will startle you. Yesterday the Bureau of Labor Statistics released the latest numbers on national unemployment rate; but the government also released numbers on Metropolitan Statistical Areas which include New Orleans and is included in this analysis. What Are Metropolitan Statistical Areas? The Office… Continue Reading

Big Money Transactions In New Orleans Commercial Real Estate

The past few months have witnessed several large commercial real estate transactions in New Orleans, including hotels, retailers and warehouses, emphasizing that New Orleans is a diverse market with buyers who have confidence in the future of commercial real estate and are willing to invest millions. Recently there were 14 big money transactions  in New Orleans… Continue Reading

How Much Commercial Real Estate Do Americans Own?

Of those that own commercial real estate, there are more assets in rental property than in IRA’s, 401(k)’s and the median net worth of Americans. In the 2010 census, Americans were asked where they invested their money. Of the 118.554 households , the largest category of asset was the Interest Earning Account at a Financial… Continue Reading

New Orleans Commercial Real Estate: Gretna Apartments Sell For $18 Million

The West Bank was not affected by Hurricane Katrina, except that the population increased dramatically there and apartment occupancy skyrocketed. One beneficiary was 94 percent occupied Baywood Apartments, previously Carlyle Apartments, which was sold last month for $18,000,000. The buyer was not local, a real estate investment company in California called Delta Alliance, founded by… Continue Reading

New Orleans Commercial Real Estate: Scandinavia Sells For $6,975,000

Drugs are a big money business. Especially legal drug stores like Walgreens. Who else could justify paying $94 per square foot for land and a beautiful building only to demolish the building? That’s New Orleans commercial real estate at work utilizing the principal of highest and best use. The result is the most profitable businesses can make… Continue Reading

New Orleans Commercial Real Estate Professional Discusses Tourist-Oriented Markets

For Immediate Release New Orleans Commercial Real Estate Professional Discusses Tourist-Oriented Markets New Orleans — March 29, 2013 — Robert Hand, CCIM, president of New Orleans based Louisiana Commercial Realty, discusses commercial real estate activity in tourist-oriented markets in the March/April issue of Commercial Investment Real Estate, the magazine of the CCIM Institute. Robert explains… Continue Reading

New Orleans Commercial Real Estate-What’s Driving The Economy

New Orleans commercial real estate depends on a thriving national economy. We just experienced, in 2008, the worst recession in history, and New Orleans managed to pull through due to reconstruction spending which kept the unemployment rate in the 4%-5% range compared to the national average at 7%-9%. As the FEMA funds dwindle down, the… Continue Reading

Millionaire Matchmaker For New Orleans Commercial Real Estate

The millionaire matchmaker hit New Orleans commercial real estate recently with these big money transactions for banks, shopping centers and hotels. Examining commercial real estate development in New Orleans gives us an idea of where the future growth will be, and these 6 projects are good indicators of big money activity. Once Tallest Building In New… Continue Reading

3rd Estimate Says Economy Grew 4/10 Percent In 4th Q 2012

The third estimate for how fast the economy grew last quarter is out, and the answer is 4/10 of one percent. Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 0.4 percent in the fourth quarter… Continue Reading

Big Money New Orleans Commercial Real Estate Transactions 2013

Commercial real estate is known for high value transactions, and New Orleans has its share of movers and shakers looking to put commercial property to its highest and best use. From New Orleans Cold Storage To Bagging Plastic Pellets New Orleans is almost 300 years old and was once the largest port in America, before there… Continue Reading

New Orleans Commercial Real Estate Trends-Q1 2013

Commercial real estate activity in New Orleans cooled down in the first quarter of 2013, after a heated 4th quarter in 2012 when buyers hurried to close by the end of the year. There is currently 9.4 million square feet of commercial space for sale at a total sale price exceeding $800 million, and 10.4… Continue Reading

Louisiana Posts Healthy Revenues For 4Q 2012

If revenues are any sign of economic health, the economy is in the best shape in years. For the 12 months ending 2012, revenues from all 50 states and DC from state and local taxes totaled $399 billion, up $97 billion from the previous period, according to the latest census. The chart below shows the… Continue Reading

Expensive Commercial Real Estate Transactions In New Orleans

 One aspect of a vibrant economy is that businesses and commercial real estate always moves from weak hands to strong hands, and recently, several large commercial real estate properties did just that. The most powerful New Orleans economic driver is the hospitality industry, a shift originating in the 1980’s that moved New Orleans away from… Continue Reading

Federal Tax Policy with Fiscal Cliff Updates

Federal Tax Policy with Fiscal Cliff Updates Federal tax code has not substantially changed for over two decades. 2013 brings a new set of rules and guidelines for all U.S. tax payers. Keep in mind that filing for 2013, is not due until April 2014. Individuals, families and businesses across the board (not only higher-income… Continue Reading

Trends In New Orleans Commercial Real Estate

  New Orleans’ Industrial real estate supply is up, lease prices are up but sale prices are down. In the industrial sector so far in the month of November, there are 110 properties for sale totaling 3.2 million square feet, an 18 percent increase in supply over the last 12 months. The average asking sale… Continue Reading

One Man’s Loss is Another’s Treasure: How Wendell Pierce and Childhood Friend Troy Henry Saved 500K On a Brilliant Commercial Real Estate Development Decision and What They Faced Along the Way

In June 2006, Robert Armbruster purchased a 40,000 square foot of land at 1667 Tchoupitoulas for $1,100,000 financed by Gulf Coast Bank.  Just 2 blocks from the New Orleans Convention Center and even closer to the recently repurchased defunct Entergy Power Plant, $1.1 million appeared to be a good deal for the property at that… Continue Reading

What You Really Need To Know About Today’s GDP News

You already should know that 3rd quarter GDP increased 2% compared to 2nd quarter’s 1.3%, but what you really need to know is why and what is driving the economy. It is really the federal government-just in time for the election. The acceleration in real Gross Domestic Product in the third quarter primarily reflected the… Continue Reading

How Is The U.S. Economy Doing?

Just out today: the economy is still growing, although at a slower pace. The Gross Domestic Product for the 2nd quarter of 2012 increased at 1.3%, compared to the previous quarter which grew at 2.0%. It’s like driving down the interstate at 60 miles per hour and you enter construction zone and slow down to… Continue Reading

Wetlands Mitigation for Real Estate Development

Dr. Patice Cole made a presentation to real estate developers on wetlands which is available for download. Also see my February 2009 newsletter for my wetlands article. Wetlands Presentation – Download pdf    

10 Times More Wealth In Real Estate Than Stocks

The household median value of rental real estate is $170,000 but the value in stocks is only $18,300, according to the US Census Bureau,  which explains why the economy could experience an extended period of slow growth not seen by anyone living today. The reason having so much in real estate will have such an impact… Continue Reading

Just Out Today-Where Are Americans Spending Their Money?

Spending on tourism grew faster than the economy in the first quarter 2012 with an annual growth rate of 3.4%, compared to #GDP growth at 1.9%. Those areas dependent on tourism should continue to see better than average growth.  New Orleans is a good example of how cities have capitalized on tourism spending, shifting the driver… Continue Reading

Using Technology To Invest in Commercial Property

This article was published last month in a national trade magazine read by 17,000 members of the Certified Commercial Investment Member (CCIM) organization. CCIM is the premier commercial real estate designation which requires approximately three years specialized study for most members. The article discusses using technology to make smarter investment decisions in developing commercial retail… Continue Reading

Is Obama Right: The Private Sector Really Is OK?

Somebody must have leaked to Obama today’s release of manufacturing profits showing a 9.45% increase in after-tax profits, from 134 billion in the 4th quarter of 2011 to 146 billion in the 1st quarter 2012, which caused him to claim the private sector is OK. Drill down to the specific industries and you will see that… Continue Reading

Just Out Today-Economy Slowing Even More Than First Thought

Just out today is the actual number for GDP growth for the 1st quarter of 2012, showing a slowing of growth to an annual rate of 1.9% from the 4th quarter 2011 of 3.0%, a 36% drop in activity. The 1st quarter advance estimate was 2.2% GDP growth but with more information now available, we have… Continue Reading

New Orleans Largest Employers

Top employers in New Orleans. Company Type of Business Employment Ochsner Health System Health Care 9,107 St. Tammany Parish Public School Board Elementary & Secondary Schools 7,651 Jefferson Parish School Board Elementary & Secondary Schools 7,000 Northrop Grumman Ship Building & Repairing 5,400 LSU Health Sciences Center New Orleans Colleges & Universities 5,000 Tulane University… Continue Reading

Just Out Today: Leading Economic Indicators Decline

Today, one of the best measurements of the strength of the economy-the Leading Economic Index-showed a decline in April of 0.1 percent, in contrast to March’s 0.3 percent increase and also February’s 0.7 percent increase. A declining Leading Economic Index has predicted 7 of the last 8 recessions, but this does provide a signal of possible… Continue Reading

Just Out Today-Economy Driven By Consumer Income

If you want to know how healthy the economy is, just watch the consumer. The US economy is one-third manufacturing driven and two-thirds consumer driven, and consumer spending depends on personal income. When the consumer spends, businesses grow, causing them to lease addiional space and open new locations, causing demand for new warehouses for distribution… Continue Reading

Dr. Tichenor: A Part Of New Orleans Commercial Real Estate History

Dr. Tichenor died at age 85 but his company is alive and well, delivering toothpaste, mouthwash and catchy slogans such as: Reduce harmful emissions. Gargle. Wence, Repeat. Why fight bad breath when you can kick the crap out of it. In January 2012, the company got $1.1 million from the Solomon Group for their building at 819… Continue Reading

Reggie Bush Finally Leaves Town

The last remaining vestige of Heisman Trophy winner Reggie Bush, his penthouse condo at One River Place, was sold for $1.975 million on February 8, 2012, down 16% from his $2.3 million dollar asking price. Reggie came to the Saints in 2006 and rushed for 565 yards, his best year because he also had 742 receiving… Continue Reading

Benson Buys Land Opposite Superdome For $3.5 Million

17 years is a long time to reap a 259% return, but that’s how New Orleans commercial real estate works. Back in 1995 when the Resolution Trust was liquidating Landmark Land assets, the 1.248 acres at 1709 Poydras Street, opposite the Mercedes Benz Superdome, was purchased for $1.35 million by the team of Bob Merrick, owner… Continue Reading