Michael J. Siegel, SIOR
President and Director of Office Leasing
It is often said that Mike Siegel is involved in the most complex commercial real estate transactions in the New Orleans market. With over 30 years of specialization in office leasing and office brokerage, he has been instrumental in the growth and maturation of the New Orleans office market. He understands the market and has a depth of knowledge that benefits clients at all times, but especially on the most complicated deals.
Mike’s major lease negotiations include Tulane University (220,000 sf), Capital One Bank (214,000 sf), Freeport McMoRan (200,000 sf), Peoples Health (125,000 sf), Capital One Bank (75,000 sf), State of Louisiana (180,000 sf), Entergy (165,000 sf), BellSouth Telecommunications (125,000 sf), Adams & Reese (89,000 sf), Liskow & Lewis (70,000 sf), Phelps Dunbar Law Firm (93,120 sf), Citizens Utilities (43,000 sf), Tidewater Marine (38,000 sf), and Stone Pigman Law Firm (45,000 sf).
Mike’s major investment transactions include the sale of the 1 million sf Place St. Charles office building ($103 million) on behalf of Loeb Partners Realty, the Galleria in Metairie on behalf of Columbus Properties (Joe Canizaro) ($56.5 million), the sale of One American Place in Baton Rouge on behalf of Prudential ($28 million), Capital One Tower in Lake Charles ($14.5 million), the Chase Operation Center in Baton Rouge ($9.0 million) and Park Tower in Lafayette for Lennar Partners ($16.5 million). His present disposition assignments include several buildings for Chase Bank around the State of Louisiana, the 80,000 sf Halpern warehouse in the Warehouse District of New Orleans, the Poydras Home property in the CBD, several disposition assignments for the Times-Picayune in the greater New Orleans area, and the Westpark Office Building in New Orleans. Mike is also coordinating the management, leasing and construction consulting work at Benson Tower on behalf of the Benson Family.
Frequently, Mike is called upon for his observations about the future of the office market. He has participated in CCIM’s Commercial Forecast Competition, and he has lectured as a featured speaker at the University of New Orleans Real Estate Seminar. He is also called on by the news media to comment about the trends in the office market. He has been quoted by several national real estate publications in addition to local news outlets including The Times-Picayune, The Advocate, CityBusiness and other business newspapers.
Mike is a graduate of Tulane University. He is also very active in leadership positions in local professional and community organizations. Currently, he is immediate past Chairman of the Board of Metairie Park Country Day School, a member of the Executive Committee of the New Orleans Museum of Art, a member of the Executive Committee Business Council of New Orleans and the River Region, a leadership group made up of only the presidents, CEOs or head of all major businesses in the New Orleans area, and a Board member of the Idea Village. Mike is also an Emeritus board member and a three time President of the Board of Directors of the Contemporary Arts Center, a former board member of the New Orleans Chamber of Commerce, the Louisiana Children’s Museum and the NO/AIDS Task Force Advisory Committee. He is also an active participant in various real estate organizations including Society of Industrial and Office Realtors and The Urban Land Institute.
Mike is licensed in the States of Louisiana, Mississippi, Alabama, Arkansas and Oklahoma.
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