2011 was an exciting year for Downtown New Orleans. It included a great deal of new development and business openings in our region. These efforts were recognized by numerous publications including Forbes who named New Orleans the number 1 brain magnet in America and MarketWatch which ranked New Orleans the “Most Improved” metro in their annual “Best Cities to Do Business” survey in the U.S.  Corporate Realty is proud to have helped push forward the renaissance of the New Orleans Central Business District by brokering two major office building sales which will hopefully lead to more investment and more development in our downtown area.

In August, Corporate Realty represented Capital One Bank in the sale of the 232,000 sf 23 story former Hibernia Bank Building at Carondelet St. to HRI Properties, Woodward Interests and Woodward Design+Build. The “Hibernia Tower” was the tallest building in the South and held the record for New Orleans’ tallest skyscraper for 43 years when it opened in 1921, and it will make a great new mixed-use development.

In November, Corporate Realty, along with DJM Realty Services, represented the seller in the disposition of the 400,000 sf 45 story Plaza Tower office building.  This high rise located at the beginning of New Orleans’ newest street car line is the third tallest building in both the city of New Orleans and the state of Louisiana. The building has been unused since 2002, but is poised to take advantage of the development energy surrounding the Superdome and Loyola Ave.

No one knows office buildings, or the New Orleans investment market, like Corporate Realty agents and we’re looking forward to working with you in the region.