The Strength of the Gulf South
I wanted to share a PowerPoint I recently presented at a meeting highlighting the strength of the Gulf South. In recent years, the Gulf South has been gaining the Nation’s attention and rising to the top of many National Rankings. Activity in the Gulf South is driven by achievements in a variety of areas, must notably Energy/Oil & Gas Production, Chemical Processing, Aerospace, IT & Digital Media, the New Orleans BioDistrict and Coastal Restoration.
When you look at the entire picture of what is happening down here – from the LNG facilities in Lake Charles, Airbus in Mobile, the IBM announcement in Baton Rouge, the medical corridor in New Orleans, and the activity in the IT sector and coastal restoration – it is an amazing picture. Truly. Nowhere else in the country is this level of activity occurring.
Click the image below to view the presentation.
East Coast, West Coast…Emergence of the Third Coast
I wanted to share this recently published article, “The Rise of the Third Coast,” by Joel Kotkin, an internationally-recognized researcher and author on global, economic, political and social trends. In the piece, Kotkin describes the “Third Coast,” in large part driven by a “resurgent New Orleans” region, as “one of the major forces in twenty-first-century America.”
One quote in this article that is particularly striking to me is regarding the education system:
In a new report, government efficiency expert David Osborne describes New Orleans’s reforms as a “breakthrough.” The results, he says, are “spectacular: test scores, graduation rates, college-going rates, and public approval have more than doubled in five years.” He adds, “I believe this is the single most important experiment in American education today.”
Stirling Properties to Develop Full-Service Walgreens Drugstore in Gulfport, MS
Stirling Properties is pleased to announce the development of a new full-service Walgreens drugstore in Gulfport, Mississippi. The proposed Walgreens will be located at the intersection of Pass Road and Interstate 49 at the location of the former Gulfmart Shopping Center. Stirling Properties is providing development services, including lease negotiation, financing, and project management, to a third party owner of the property.
The 13,650 square-foot store will have a drive-thru window and full service pharmacy and will serve as a catalyst for future retail development of that corridor. The Gulfport store is slated to begin construction in January and open in the third quarter of 2013.
As a preferred developer for the Walgreens Company in the Gulf South, Stirling Properties has had a long standing relationship with the retailer. “Our team has been working successfully with Walgreens for the past 10 years and has delivered over 25 stores with many more in the pipeline”, said Peter Aamodt, Vice President of Development for Stirling Properties. “Stirling is committed to finding new development opportunities for all of our retail clients in the Gulf South.”
For more information, contact Peter Aamodt, Vice President of Development for Stirling Properties, at paamodt@stirlingprop.com or by calling (504) 523-4481.
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 Awarded Contract for Facilities Management of all First Bank and Trust Branch Locations
COVINGTON, Louisiana —- (October 25, 2011) Stirling Properties has been awarded a contract to provide comprehensive facilities management for all First Bank and Trust branch locations in Louisiana and Mississippi. The contract, effective on November 1, 2011, also includes the First Bank and Trust headquarters at the First Bank and Trust Tower located on 909 Poydras Street in New Orleans. Founded in 1991, First Bank and Trust is a New Orleans based bank with over $925 million in assets. (more…)
