Louisiana
WNC Closes $210M for Development, Renovation of 1,900 Affordable Housing Units
Irvine, CA-based WNC closed two institutional low-income housing tax credit (LIHTC) funds, WNC Institutional Tax Credit Fund 47, L.P. and… Read more
After the Storm is Gone . . . Functioning in a Post-Hurricane Environment
As of this writing, Hurricane Dorian is forecast to brush Florida’s east coast and spread its wrath on Georgia and… Read more
Sonnenblick-Eichner Secures $46M Refinancing for French Quarter Hotel in Nola
Beverly Hills-based real estate investment banking firm Sonnenblick-Eichner Co. arranged a $46-million loan to refinance the Maison Dupuy, a five-story,… Read more
Commercial Real Estate’s Fastest-Growing Media Company Signs Leases on Both Coasts
Connect Media has signed leases in New York and Los Angeles, and secured office space in Atlanta at co-working provider… Read more
Methanex To Construct Third Methanol Plant Near Baton Rouge
Methanol supplier Methanex has announced plans to construct a third plant in Geismar, LA. The new $1.3-billion methanol plant will… Read more
Berkadia Secures $50M Refinancing for New Orleans Office Tower
Berkadia secured a $49.8-million loan to refinance Pan American Life Center, a 28-story office building in New Orleans. Located at… Read more
Pairing Opportunity Zones with Other Incentives
by Amy Wolff Sorter In 2002, the United States Air Force shuttered the Brooks Air Force Base in the southern… Read more
Eldorado Resorts to Acquire Caesars in $8B+ Deal
Eldorado Resorts Inc. agreed to buy Caesars Entertainment Corp. for approximately $8.58 billion in cash and stock. The move would… Read more
Dreamleague Gaming to Open Entertainment Studio in New Orleans
Esports event production company Dreamleague Gaming has announced plans to open an entertainment studio in New Orleans. Dreamleague New Orleans… Read more
Gateway Unveils Renderings of $1.5B Cross Bayou Point Project in Shreveport
Gateway Development Consortium (GDC) unveiled renderings for Cross Bayou Point, a $1.5-billion downtown waterfront development in Shreveport. Designed by architectural… Read more
Oil Prices Take an Unexpected Slide
Oil prices have dropped more than 20% since late April due to growing fears of weaker-than-expected demand, the New York… Read more
Lacassine Operating Co. to Build $13M Plant in Louisiana
Lacassine Operating Company plans to build a $12.5 million catalyst blending plant in Lacassine, LA. Designed to serve oil refineries… Read more
Seriously Underwater U.S. Properties on Rise
The latest research by ATTOM Data Solutions shows at the end of the first quarter of 2019, more than 5.2… Read more
Arbor Grace of Kilgore Readies for Expansion
Developers that are expanding skilled nursing facility/rehabilitation center Arbor Grace of Kilgore will host a groundbreaking ceremony on May 4.… Read more
Bellwether Closes Nearly $50M in Loans for Diverse Mix of Assets
Cleveland-based Bellwether Enterprise Real Estate Capital LLC closed five loans totaling $48 million for retail, office, and mixed-use residential properties… Read more
186-Acre Margaritaville Resort Heads to Lake Conroe
Margaritaville Holdings, in partnership with Songy Highroads (SHR) and The Wampold Cos. are planning a Margaritaville Resort for Montgomery, TX,… Read more
Trump Administration Shifts on Obamacare, Asks Judges to Toss Entire ACA
In December 2018, U.S. District Court Judge Reed O’Connor in the Northern District of Texas ruled in Texas v United… Read more
Saban Sells 14-Office Portfolio for $430M, Adds DC Asset for $170M
An affiliate of Los Angeles-based Saban Real Estate reportedly completed the sale of a 14-property office portfolio to Washington, D.C.-based… Read more
Elysian Partners Unloads 550K-SF Orgill Distribution Center
Elysian Partners LLC sold the Orgill Distribution Center, a 550,000-square-foot, Class A distribution facility in the East Texas city of… Read more