Property, Rentals, Transactions

Property, Rentals, Transactions

ASHFORD TRUST ANNOUNCES ACQUISITION OF THE LE PAVILLON HOTEL IN NEW ORLEANS, LOUISIANA

Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) announced today that it has completed the acquisition of the 226-room Le Pavillon Hotel for total consideration of $62.5 million in cash ($277,000 per key). Located in the thriving New Orleans, LA market, the hotel features approximately 7,800 square feet of meeting space across nine rooms. At closing, Remington Lodging assumed property management. The Company also closed on a $43.75 million non-recourse mortgage loan to finance the acquisition

C&W Brokers Sale of ±360,000-SF Distribution Center

Cushman & Wakefield announced today that it has brokered the $15.5 million sale of 1420 Sams Avenue, a ±358,060-square-foot regional distribution building in New Orleans, Louisiana.

RIBBON CUTTING CEREMONY WOODMERE COMMUNITY CENTER

A Ribbon Cutting ceremony will be held Friday, June 12, 2015, at 11:00am, to celebrate the opening of the Woodmere Community Center, located inside the Woodmere Park at Edgewood and Post Streets in Harvey.

Department of Insurance Offers Tips on Navigating Risks of Home-Sharing Rentals

With the rise of online community marketplaces and the popularity of the new sharing economy, more people are turning to renting out rooms or their entire homes to guests for extra income. However, major questions can arise when a home is used for a purpose that’s not included in its insurance coverage.

Rep. Richmond Announces Over $1.8M in Funding for Health Center Sites in New Orleans...

Today, Rep. Richmond (LA-02) announced approximately $1.8 million in Affordable Care Act funding to two new community health center sites in New Orleans and one in Luling for comprehensive primary health care services.

Woodwork Warriors, LLC Launches New Website for the New Orleans Area

Woodwork Warriors, LLC today announced the launch of www.woodworkwarriors.com as an informational portal that features educational resources on subjects such as property value benefits from woodwork services, deck building and built ins, and other home improvement tips that can save you money in the New Orleans Area.

Vitter Meets with HANO Director, Pushes to Sell Excess Property

U.S. Senator David Vitter (R-La.) today met with the Executive Director of the Housing Authority of New Orleans (HANO), Gregg Fortner, to discuss plans to redevelop excess properties in New Orleans. Vitter is pushing HANO to sell these excess properties

Mayor Landrieu, Stirling Properties, JCH Development Celebrate Grand Opening of Magnolia Marketplace in Central...

Mayor Mitch Landrieu joined representatives from JCH Development external link and Stirling Properties external link to celebrate the Grand Opening of Magnolia Marketplace external link, a 106,000-square-foot shopping center located at the intersection of South Claiborne Avenue and Toledano Street in New Orleans’ Central City neighborhood. Councilwoman-At-Large Stacy Head, a representative from Councilwoman LaToya Cantrell’s office and other local officials were also in attendance.

Mayor Landrieu, Stirling Properties, JCH Development to Celebrate Grand Opening of Magnolia Marketplace in...

Tomorrow, Mayor Mitch Landrieu will be joined by representatives from Stirling Properties, JCH Development and local officials to celebrate the grand opening of Magnolia Marketplace. The $24.4 million shopping center will fill a major retail gap in the heart of Central City along the Claiborne Avenue corridor

City to Auction Adjudicated Properties This Summer

In March 2015, the City of New Orleans will begin taking the necesssary steps to sell about 3,000 adjudicated properties across the city through a new online auction process. The sale will provide winning bidders with full ownership of each property and with guaranteed title insurance. This is the City’s first adjudicated property sale in many years, and it is the City’s first time using an online auction to sell adjudicated properties. The first online auctions are expected to take place this summer

ICYMI: Cassidy Advocates for Louisiana Property Owners Against EPA Overreach

Today, Congressman Bill Cassidy joined Senator David Vitter in an Environmental and Public Works (EPW) committee field briefing in New Orleans. The hearing focused on the potential impacts of the EPA’s proposed “Waters of the United States Rule” and how it could harm Louisiana families, farmers and infrastructure projects

CIty Announces that Highly Successful “Soft Second” Mortage Homebuyer Assistance Initiative is Nearly Complete

Today, Mayor Mitch Landrieu announced that the City of New Orleans’ $52.3 million “soft second” mortgage homebuyer assistance initiative has now issued over 700 commitments to first time homebuyers representing over $40 million in purchase assistance and closing cost assistance. In total, through the Direct Homebuyer Assistance Program 640 home purchases by first time homebuyers have been completed through the success of the City’s soft second mortgage program. The goal of this initiative’s Direct Homebuyer Assistance Program is to strategically promote homeownership opportunities for low and moderate income persons and families who are buying their first homes. The City’s Office of Community Development directs this program by providing hundreds of New Orleans families an opportunity to become first-time homebuyers.

Mayor’s Office Announces New Initiative on Racial Reconciliation

Today, Mayor Mitch Landrieu announced a new multi-year initiative focused on race, reconciliation and community-building. Funded by the W.K. Kellogg Foundation, the Welcome Table New Orleans, will bring citizens of different racial groups and backgrounds together to build relationships that lead to improvements in key areas throughout the city

Louisiana Citizens Property Insurance Corporation Policyholders Receiving Application Refunds

Insurance Commissioner Jim Donelon is making Louisiana Citizens Property Insurance Corporation (Citizens) policyholders aware of a refund that is being issued. The refunds are for application fees that were charged to policyholders without their knowledge and are being paid pursuant to a written order issued by Commissioner Donelon

New Stakeholder Groups and Local Officials Support the Homeowner Flood Insurance Affordability Act

WASHINGTON - February 26, 2014 - (RealEstateRama) -- Today, several national and Louisiana stakeholder associations and their representatives, along with Jefferson Parish President John Young, announced their support for the substitute amendment to the Homeowner Flood Insurance Affordability Act. This legislation, which Congressman Bill Cassidy helped announce Friday evening, would provide comprehensive and long-term relief for homeowners across the nation. Dr. Cassidy worked on this legislation with Members of Congress from both sides of the aisle and across the country on this legislation. He released the following statement:

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3RD ANNUAL JEFFERSON COMMUNITY ACTION PROGRAMS HOUSING FAIR

Jefferson Community Action Programs (JeffCAP) will be hosting their 3rdAnnual JeffCAP Housing Fair on Saturday, June 18, 2016, from 10:00am to 3:00pm. The housing fair will be held at the Marrero Community/Senior Center located at 1861 Ames Boulevard in Marrero

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Gov. Edwards Appoints Andreanecia Morris to State Housing Board

Governor John Bel Edwards has appointed Andreanecia M. Morris to the Louisiana Housing Corporation (LHC) Board of Directors effective August 9, 2017. Morris currently serves as Executive Director for HousingNOLA and has more than 20 years of affordable housing experience in the public and private sector.