Capital One building sells
A group of investors led by David Weinstein and local architect Dyke Nelson acquired the Capital One Bank building today for $4.3 million. The new owners are looking for potential commercial tenants for the eight-story, 111,000-square-foot downtown...
DATE: June 14, 2013 | CATEGORY: Daily Report
Sen. Mary Landrieu's son arrested on DWI, hit-and-run charges
Frank "Connor" Snellings, 21, the son of Democratic U.S. Sen. Mary Landrieu, was arrested this morning on charges of driving while intoxicated, hit-and-run driving, and driving the wrong way on a one-way street in the French Quarter, the Orleans...
DATE: June 13, 2013 | CATEGORY: Daily Report
Third Street Pub replaces Puncher's downtown
A downtown sports bar is evolving. Mike Labat, co-owner of Puncher's, says the bar will transform into a new concept called Third Street Pub and will be open by next week. Labat says the change came because he wants to keep up with the new dynamic...
DATE: June 13, 2013 | CATEGORY: (Dine) Restaurants
Collis Temple planning to redevelop DeVille Apartments
Collis Temple—along with his son Garrett Temple and former LSU basketball star Glenn "Big Baby" Davis—is planning to redevelop his 40-unit DeVille Apartment complex on North Street downtown. Temple has applied for Louisiana Housing...
DATE: June 12, 2013 | CATEGORY: Daily Report
Housing's up, but is the foundation solid?
The U.S. housing-market recovery is here, but there's a growing debate among bulls and bears over how long it will last and how strong it will become, with both groups pointing to the same demographic data to make their case. As The Wall Street...
DATE: June 11, 2013 | CATEGORY: Real Estate Weekly
Food stamps used by 21% of Louisianans
Slightly more than one in five Louisiana residents were enrolled in the Supplemental Nutrition Assistance Program, also known as food stamps, as of March, according to the most recent figures available from the U.S. Census Bureau. With total...
DATE: June 10, 2013 | CATEGORY: Daily Report
Plans for pizzeria near Perkins Road overpass 'on major life support'
Plans for a beer and pizza joint in the former Stella Boutique near the Perkins Road overpass have hit a major snag over issues related to a lack of parking at the site. New Orleans businessman Jack Rizzuto, who owns Jester Mardi Gras Daiquiris on...
DATE: June 07, 2013 | CATEGORY: Daily Report
Work begins on former Riverside Patty site
Contractors have begun gutting the old Louisiana Theater building at 336 N. Third St. in downtown as part of an overhaul that the building's owners hope will help attract a new tenant. "We have talked to a number of parties who are interested," says...
DATE: June 04, 2013 | CATEGORY: Daily Report
Real estate recap: Creekstone and contractors nearing settlement … Red River Bank signs purchase agreement on parcel at Perkins, S. Acadian … Capital Creamery closes in downtown B.R.
Coming to terms: Attorneys for Creekstone Developers and Associated Concrete Contractors have asked for another 30 days to settle a matter involving a lien on the property at Juban Crossing. In a joint motion filed late last week,...
DATE: June 04, 2013 | CATEGORY: Real Estate Weekly
Property of the Week
Located at Spanish Town Road and North 13th Street, The Elysian consists of 100 mixed-income apartments. It broke ground in May last year and is expected to be complete this summer. The four-story, 110,300-square-foot development is valued at just...
DATE: June 04, 2013 | CATEGORY: Real Estate Weekly
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