Eye on the Market Highlights – June 2012
Stirling Properties’ Eye on the Market research alert is emailed monthly to our mailing list and features all the latest news and market reports about the Gulf South. We scan local and regional news outlets, as well as economic development groups, university research centers, and more, so that we can compile all the relevant rankings, news, economic development announcements, reports and more in one convenient place. Some highlights from our June 2012 Eye on the Market include:
Louisiana up 14 spots in 2012 Best States for Business – Chief Executive
Louisiana in Top 10 for State Economic Momentum– NOLA.com
Louisiana earns ‘A’ for small-business friendliness – Kauffman Foundation
Lafayette #1 among “Best Mid-Size Cities for a Job”– Forbes
A Tech Buildup on the Bayou – The Wall Street Journal
New Orleans is Beginning to Attract National Retailers– NOLA.com
‘Tide Has Turned’ for South La. Commercial Market – Business Report
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Eye on the Market Highlights – April 2012
Stirling Properties’ Eye on the Market research alert is emailed monthly to our mailing list and features all the latest news and market reports about the Gulf South. We scan local and regional news outlets, as well as economic development groups, university research centers, and more, so that we can compile all the relevant rankings, news, economic development announcements, reports and more in one convenient place. Some highlights from our April 2012 Eye on the Market include:
- 50 Fastest Growing U.S. Metros: New Orleans & Gulfport-Biloxi
SunHerald - Baton Rouge among “Top 25 Hardest Working Towns in America”
Parade - How Louisiana is Luring Startups
Time - La. Nonfarm Employment Sets All-Time Record
La. Workforce Commission - SE Tylose Announces Major Investment in Plaquemine
$120 million investment, 30 new direct jobs - Oceaneering Announces Expansion in Morgan City
$5 million capital investment, 200 new direct & 1,700 retained jobs
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Stirling Properties Breaks Ground for New Restaurant at Stirling Bossier Shopping Center
Santa Fe Cattle Company Restaurant to Open in Fall 2012
BOSSIER CITY, LA – Stirling Properties, developer and property manager of Stirling Bossier Shopping Center, announces the construction of a new 7,918 square foot Santa Fe Cattle Company Restaurant, a roadhouse style steakhouse, located on the outparcel adjacent to the Progressive Bank building, fronting Airline Drive. Santa Fe is expected to open at Stirling Bossier in early fall 2012.
Headquartered in Baton Rouge, Louisiana, Santa Fe Cattle Company operates in 6 states with 17 locations. Within Louisiana, they have locations in Hammond, Prairieville and Ruston, making the Stirling Bossier restaurant the fourth in the State. The Hammond location, which opened in June 2009 at Hammond Square, is another Stirling Properties retail development.
Rhonda Sharkawy who represents Stirling Bossier Shopping Center and who brokered the transaction commented that “Santa Fe Cattle Co. will give guests of Stirling Bossier further variety in dining options and enhances the overall make-up of the Shopping Center.”
For additional leasing and sales opportunities at Stirling Bossier Shopping Center, contact Rhonda Sharkawy at (504) 620-8145 or rsharkawy@stirlingprop.com.
Photos from Mid-City Market Groundbreaking in New Orleans
Earlier this week, Stirling Properties commemorated the groundbreaking of Mid-City Market, the highly anticipated urban shopping center development located along the North Carrollton Avenue commercial corridor in New Orleans, Louisiana.
To commemorate the groundbreaking event Mayor Mitch Landrieu, Councilwoman Susan Guidry and Regional VP of Winn-Dixie, Joey Medina, along with Stirling Properties’ Marty Mayer, President and CEO, Lewis Stirling, Townsend Underhill, tenant representatives from the development and the Mid-City Market design and construction team of VergesRome Architects, Duplantis Design Group and Donahue Favret Contractors Inc. were in attendance.
Tenants with executed leases in the development include Office Depot, Neighborhood Pet Market by Jefferson Feed, Felipe’s Taqueria, Pinkberry Frozen Yogurt, Five Guys Burgers and Fries, and Pei Wei Asian Diner. Mid-City Market is 80% pre-leased with other tenant announcements forthcoming. Additional lease space is also available. For more information contact Chris Abadie, Vice President and Manager of Stirling Properties’ Commercial Brokerage Division, at (985) 246-3721 orcabadie@stirlingprop.com.
For more information about the development of Mid-City Market, contact Townsend Underhill at (985) 246-3785 or tunderhill@stirlingprop.com.
Retailers at River Chase Shopping Center Celebrate Store Openings
COVINGTON, Louisiana —- (MARCH 8, 2012) River Chase Shopping Center celebrates the store opening of several national retailers in the development’s newest phase. The first openings are scheduled to occur over the next few weeks with others to open this summer. The store opening schedules are as follows:
- March 12 – ULTA Beauty
- March 16 – Michael’s
- Late March to June – Charming Charlie, Maurices, The Children’s Place, Justice, Carter’s and Chuck E Cheese
Currently there are retail and restaurant outparcels, up to six acres, available for sale or lease. In addition, small shop options are available for lease ranging from 1,800 SF to 4,500 SF. For information about these and other retail sales and leasing opportunities contact Rhonda Sharkawy, Retail Leasing & Development Executive for Stirling Properties, at rsharkawy@stirlingprop.com or call (504) 523-4481. For information about the Offices at River Chase contact Lee de la Houssaye, Leasing and Sales Associate for Stirling Properties, at ldelahoussaye@stirlingprop.com or call (985) 246-3774. For more information about the River Chase development contact Townsend Underhill at tunderhill@stirlingprop.com or call (985) 898-2022.
Stirling Collaborates with Tulane Real Estate Club
Earlier this month, Jordi Goodman represented Stirling Properties on a panel of young professionals in Real Estate in the Greater New Orleans area put on by the newly-formed Tulane Real Estate Club (TREC). The Panel discussion centered on the role of young professionals in the present and future commercial real estate industry in New Orleans. This marked the second presentation from Stirling to TREC and solidified the beginning of an exciting new connection between Stirling and TREC, or broader, between the Real Estate Industry and Higher Education in New Orleans. TREC’s mission is to provide a venue for students and professionals to network and learn through meetings, guest lectures, and site visits.
The Commercial Real Estate industry is evolving very quickly. As it evolves, the range of professions becomes more diverse, expanding the breadth and volume of available opportunities and career paths to recent graduates. Dedicated Real Estate classroom study not only trains the next generation of real estate leaders, but pushes the envelope on studies and best practices within the industry. Stirling cares deeply about the Tulane community and is proud to support its student’s efforts in the study of Real Estate. We are extremely optimistic about having a channel to collaborate with such a meaningful group of students and faculty in the MBA and MSRED programs. Stirling looks forward to becoming active at Tulane and giving back to the Tulane community and the City of New Orleans through leveraging our expertise and sharing our value as a commercial real estate company.
