Stirling Properties’ Beth Cristina Receives National Commercial Award
NEW ORLEANS,
Louisiana —- (November 10, 2011) Stirling Properties’ Beth Cristina, Commercial Broker Associate in the New Orleans office, was recently recognized for outstanding commercial achievement as a 2011 National Commercial Award recipient. Given by the Commercial Real Estate Division of the National Association of REALTORS® (NAR), the award was created to highlight and honor commercial specialists who have distinguished themselves in their communities. (more…)
Rendering of Walgreens on Magazine Street
Stirling Properties is renovating the old American Legion Hall located at 5518 Magazine Street in New Orleans into a new Walgreens Drug Store. Demolition on the site will begin in November with construction slated to begin during January of 2012. The new store is scheduled to open summer 2012.
5518 Magazine Street – Before & After
Stirling Properties Appointed Keepership for Multiple Facilities
COVINGTON, Louisiana —- (November, 2011) Stirling Properties has been named the court appointed Keeper of three Louisiana facilities, representing the lenders in the management of those properties.
The first facility is an office building located at 530 Natchez Street in New Orleans near the Queen & Crescent Hotel. It is approximately 17,000 square feet with about 50% occupancy. (more…)
Stirling Properties Affiliates with the Retail Brokers Network
COVINGTON, Louisiana —- (NOVEMBER 3, 2011) Stirling Properties announces its affiliation with the Retail Brokers Network (RBN), one of the largest and fastest growing international commercial real estate networks. The RBN comprises more than 60 affiliate offices throughout the United States and Canada, accounting for over 600 brokers within North America. Stirling Properties is part of their 11 state Southeast region and is the only brokerage firm in the RBN to have offices located in Louisiana and Mississippi.
“This affiliation with the Retail Brokers Network is an important part of our overall growth plan,” said Marty Mayer, President and CEO of Stirling Properties. “Through RBN we’ll have the ability to leverage relationships with owners, developers, and tenants by working together on a regional and national level with other independent brokers.” (more…)
Stirling Properties Celebrates Grand Opening of New Retailers at Premier Centre
COVINGTON, Louisiana (NOVEMBER 2, 2011) Stirling Properties, developer and manager of Premier Centre, a 295,000 square foot grocery-anchored neighborhood and community shopping center, announces the grand opening this week of national retailers Coldwater Creek and Buckle. (more…)
New Orleans’ Growing Medical Corridor
The growing medical corridor in New Orleans is officially known as BioDistrict New Orleans, a state-enabled economic development district that was created by the State of Louisiana in 2005 for the purpose of developing a biosciences industry in New Orleans that will provide research and development, healthcare delivery, and stable, high-paying jobs. The 1,500-acre district spans the Downtown and Mid-City neighborhoods of New Orleans. The economic impact is estimated to be 22,000 new jobs in the city of New Orleans over the next eight to ten years, not only in biosciences, but also in banking, law, construction and other service industries that stand to benefit. The area’s major developments include:
- Veterans Affairs Medical Center (Project Legacy)
- Status: Under Construction
- Groundbreaking/Completion: June 2011/Late 2014, full activation 2015
- Site: 30 acres bounded by Tulane Avenue and Canal, S. Galvez & S. Rocheblave Streets
- Size: 1.6 million square feet with 2 additional 1,000-car garages; 200-bed complex will serve over 70,000 enrolled Veterans
- Cost: $995 million construction budget (fully funded)
- Jobs: 1,100 new employees
- University Medical Center
- Status: Site preparation work, construction to begin by year end
- Groundbreaking/Completion: April 2011/2015
- Site: 34 acres bounded by Canal & S. Galvez Streets and Tuland & South Claiborne Avenues
- Size: 2.2 million square feet, 424-bed public hospital to replace Charity Hospital
- Cost: $1.09 billion; state lawmakers approved funding September 2011
- Jobs: 5,280 new and saved jobs over first five years
- Part of collaborative complex with the new VA Medical Center (see above)
- Both will be key academic anchors for LSU, Tulane, Dillard, Xavier, SUNO, Delgado, and others throughout South Louisiana
- Louisiana Cancer Research Center
- Status: Under Construction
- Groundbreaking/Completion: April 2009/January 2012
- Site: Tulane & South Claiborne Avenues
- Size: Shared 175,000 square-foot, 10-story facility
- Cost: $90 million
- Developed by the Louisiana Cancer Research Consortium, a partnership among LSU Health Sciences Center, Tulane Univerity, Xavier University of Louisiana, and Ochsner Health System
- New Orleans BioInnovation Center
- Status: Open & Operating
- Completed: June 2011
- Site: 1441 Canal Street
- Size: 66,000 square feet of state-of-the-art wet-lab, office and conference space
- Cost: $47 million
- To house biotech and life sciences entrepreneurs and startups, as well as support research at four area universities; housing about 200 employees from 80 companies at full capacity
- Critical link that turns university research into privately commercializable enterprises
- Five biotech start-ups and two venture captial firms have already moved into the building, and twelve more are on the way
- Ochsner Health System
- Relocating 500 to 750 employees to the CBD during the 1st Quarter 2012
- Moving executive, corporate and business functions (no medical care)
- 80,000 square feet on top 4 floors of the Benson Tower (enough room to grow to 1,000 employees)
- Signifies Ochsner’s growing presence in the local economy and New Orleans’ medical hub
For exciting leasing opportunities in the heart of this growing medical corridor, office spaces are available at the 1615 Poydras Street office building located directly across from the Superdome. Available spaces range from approximately 1,500 to 45,130 contiguous square feet. For more information contact Gaines Seaman at (504) 620-8187 or gseaman@stirlingprop.com.
