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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 more than 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 past major lease negotiations include Tulane University (220,000 sf), Capital One Bank (214,000 sf), Freeport McMoRan (200,000 sf), DXC Technology (170,000 sf), Peoples Health (125,000 sf), State of Louisiana (180,000 sf), Entergy (165,000 sf), Adams and Reese, LLP (89,000 sf), Liskow & Lewis (70,000 sf), Phelps Dunbar, LLP (93,120 sf), and Stone Pigman Walther Wittmann, LLC (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). Other assignments include acting as the primary point of contact for all of Tulane University’s off-campus real estate, representing Commercial Properties Realty Trust at the Water Campus in Baton Rouge, and working with KFK Development in the asset management of the 1.0 million square foot One Main Place office building in Dallas. Mike also coordinates the management, leasing, and construction consulting work at Benson Tower on behalf of the Benson Family. Major assignments at present include representing Tulane in its downtown campus initiatives, including Tulane’s 300,000+ sf major tenant lease in Charity; providing consulting services to the New Orleans Convention Center relative to its 47-acre development parcel; and consulting with Loyola University on its Broadway campus redevelopment opportunities.

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 New Orleans, and other business newspapers.

Mike is a graduate of Tulane University and is very active in leadership positions in local professional and community organizations. He is immediate past president of the Board of Trustees of the New Orleans Museum of Art and still serves as a member of the Executive Committee. He is also past Chairman of the Board of Trustees of Metairie Park Country Day School and a member of both the 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. He is also an Emeritus Board Member and a three-time President of the Board of Trustees of the Contemporary Arts Center and a former board member of the New Orleans Chamber of Commerce, the Louisiana Children’s Museum, and the NO/AIDS Task Force Advisory Committee. Mike is a member of the Board of Directors at the Idea Village, where he is a former Treasurer and serves on the executive committee. He recently joined the board of the Ellis Marsalis Center for Music, an education and music-centric initiative serving underserved youth, adults, and musicians in the Ninth Ward. 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, and Alabama.

 

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