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Robert Hand

Location
One Lakeway Plaza 3900 North Causeway Boulevard Metairie, Louisiana USA
Site checked
over 1 year ago
Last website update detected
over 1 year ago
Short description
This project involved marketing a vacant, gutted 8 story building with no parking area, located just on the outskirts of the New Orleans French Quarter. To make the marketing even more difficult, the buyer could not inspect above the first two floors since the stairs were demolished and there was no electricity and the elevator was removed. Latter and Blum marketed the property for one year unsuccessfully. We listed the property for $7,850,000 on July 10, 2009 and closed April 20, 2010, after marketing the property nationally and locally. We implemented a comprehensive nationwide campaign that resulted in several offers within 6 months, including one full price offer. After several months, the buyer was unable to obtain financing so we re-marketed the property and again received several offers, one with a $25,000 non-refundable deposit. We conducted negotiations with the city's planning department, negotiated contracts, and helped the buyer receive $2 million income from selling Historic Tax Credits, which were obtained with the help of a tax attorney we brought into our team. We also enlisted an architect who previously had completed drawings for a Conrad Hilton Hotel on the site and was able to advise the buyer on the structural condition of the upper floors which were inaccessible... You will never worry about conflicts of interest affecting your listing or property we show you, because we do not accept conflicting listings or clients. We work with property in one category at a time, and accept clients that do not have competing properties. When you select Louisiana Commercial Realty as your exclusive real estate broker, you receive a higher level of service and unsurpassed ethical conduct. Call today for an appointment to discuss your situation. We have offices in New Orleans, Louisiana, and Hattiesburg, Mississippi... We represented Landis Construction, one of the largest design-build firms in New Orleans, who had outgrown their leased space and wanted to purchase space for their corporate headquarters. We helped the client develop criteria for the purchase, starting September 9, 2007 and closing on a property July 31, 2008. During the search process, the client's goals changed from purchasing land to buying an existing structure, and we adapted our activity accordingly and guided the client through each decision. After reviewing all listed properties the client decided none met their criteria, so we looked for properties not currently on the market. We researched databases of property owners and cross-referenced the names with the Secretary of State database to locate property owners, make contact and negotiate a purchase. We helped the client through the pricing decision by using Net Present Value to calculate an offer price for the property, which included some rental income. We helped the buyer work through the building's historical tax credits by bringing onto our team a knowledgeable tax attorney.

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Contact Info

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Contact Information Summary
Website
Emails
1
Telephone numbers
1
LOCATIONS
Primary Contact
One Lakeway Plaza 3900 North Causeway Boulevard Metairie, Louisiana USA

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Former addresses
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Additional info
ID:
19979760/16
Matchdeck number:
17735692
Primary location:
One Lakeway Plaza 3900 North Causeway Boulevard Metairie, Louisiana USA
Domain / Website Status
OK
Category
Company, Other
Linked Domains
1 Linked domains
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