Project Management of a New Slidell Storage Facility Led by Local Commercial Real Estate Firm
Construction of a 130,200 Square-Foot Self Storage Building is Underway
New Orleans (January 9, 2022) – Urban Properties Real Estate, a local commercial real estate firm, specializing in project management and development, is pleased to announce that it is leading the project management of the new Fremaux Self Storage building at 1818 McKinney Road in Slidell. Construction on the three-story building began last October and is slated for completion by late this summer.
The addition of this property to Urban’s growing project management portfolio demonstrates the company’s ability to manage large-scale new construction projects from the ground up. Michael Bucher, Partner/Managing Director for the firm, and Dick Cyr, CRRP, are leading the project management team for the development of this 808-unit building, which will also offer 80 storage spaces for RVs and boats, next to the TownePlace Suites by Marriott in Slidell.
Ariel Valli of Valli Architectural Group is leading the design and Kent Design Build of Mandeville, led by Jacob Palmisano, will handle construction. Duplantis Design Group (DDG) of Covington is the civil engineer on the project. Once complete, the facility will be managed by Sean Landry at Expert Storage Management of Metairie.
This is Urban’s fourth project for the owner, Lavin National based in Covington. Current projects include property and asset management of a medical office building at 3100 Galleria Drive in Metairie and the Fremaux Shopping Center at 1806 Lindberg Drive in Slidell, along with leasing of the Fremaux medical office building at 1810 Lindberg Drive.
“Being brought in to oversee the construction of this project by the owners is a testament to our client’s trust in us and Urban’s comprehensive project management services,” said Mr. Bucher. “We are delighted to partner with this team of class-A industry professionals to execute the development of this building and contribute to the growth of the Fremaux commercial corridor in Slidell.”
Local Commercial Real Estate Firm Awarded Property & Asset Management of Medical Office Building
Growing Its Property & Asset Management Portfolio to More Than 550,000 Square Feet
New Orleans (August 22, 2022) – SVN | Urban Properties, a local commercial brokerage, property/asset management and development firm, is pleased to announce that it was recently awarded the property and asset management of the Galleria Medical Office Building at 3100 Galleria Drive in Metairie, bringing its management portfolio to more than 550,000 square feet.
The firm took over management of the property earlier this month. The three-story, 51,000 square-foot building is physician-owned and expands the firm’s managed medical office portfolio to seven properties and more than 250,000 square feet across four Louisiana Parishes. In addition, SVN | Urban has added retail centers in Slidell, Mandeville, Metairie, and New Orleans East this year. These latest assets enabled the firm to expand its team with the hire of a Property Manager, Keith Gross.
SVN | Urban Properties provides asset and property management services for more than 25 properties in six Parishes across the state including the greater New Orleans metropolitan area, Lake Charles, and Shreveport. The firm manages multiple types of commercial investment properties across a variety of asset classes such as industrial, office, medical office, retail, restaurants, shopping centers, short-term rentals, and even coworking spaces. SVN | Urban will also be adding a boutique hotel / hospitality to its managed property portfolio in early 2023.
“Our management style focuses on maximizing our clients’ return on investment by maintaining superior tenant relations, demanding accountability from vendors and service providers, and taking an active, hands-on approach,” said Katherine Bowler, Asset and Property Manager at SVN | Urban Properties “It is important to have a team like ours, as opposed to a singular employee, that pays attention to all the details early on in order to maximize long-term profitability.”
SVN | Urban takes a holistic approach to asset management as it offers services from day-to-day property operations to portfolio oversight, as well as assessment and implantation of asset leasing strategies. For more information on SVN | Urban’s asset management services, please contact katherine.bowler@svn.com.
Local Commercial Real Estate Firm Grows Its Asset Management Portfolio
New Orleans (February 16, 2022) – SVN | Urban Properties Real Estate, a local commercial brokerage, property/asset management and development firm, is pleased to announce that its property and asset management portfolio has grown to more than 500,000 square feet in the past two years.
SVN | Urban Properties provides asset and property management services for more than 20 properties in four cities across the state including the greater New Orleans metropolitan area, Lake Charles, and Shreveport. The firm manages multiple types of commercial investment properties across a variety of asset classes such as industrial, office, medical office, retail, restaurants, shopping centers, short-term rentals, and even coworking spaces. SVN | Urban Properties will also be adding a boutique hotel / hospitality to its managed property portfolio in early 2023.
SVN | Urban Properties takes a holistic approach to asset management as it offers services from day-to-day property operations to portfolio oversight, as well as assessment and implantation of asset leasing strategies. For more information on Urban’s asset management services, please contact Katherine@urbanproperties.com.
““Working with our clients to maximize their investments while limiting their workload, has been a priority in growing the asset management side of our firm. It’s a service line we continue to optimize to better serve our current and future clients. Each client is different, and every property is unique, which therefore requires a different level of focused services. It is rewarding to see our continuous growth in this area since its inception within the firm.” ”
Commercial Real Estate Firm Redevelops Multi-Family Building in Old Jefferson
SVN | Urban Properties Adds to its Real Estate Portfolio with Recent Partnership
New Orleans (October 12, 2021) – SVN | Urban Properties, a New Orleans-based commercial brokerage, property management and development firm, has partnered with real estate investor Anthony Marullo to purchase a multi-family property at 261 Jules Avenue off of Jefferson Highway near Ochsner Health System’s main campus.
Rendering courtesy of CICADA
The existing three-story structure was built in 1962, totaling 18,800 square feet on one half acre of land in Jefferson Parish. USVN | Urban Properties is planning a cosmetic renovation of the 36-unit (32 one-bedroom and 4 two-bedroom) apartment building. The renovated apartment building will offer modern multi-family residential housing in an area that lacks updated options.
Michael Bucher, Partner and Director of Development at SVN | Urban Properties, is leading the acquisition and renovation. “We are pleased that Marullo chose to partner with SVN | Urban Properties on this multi-family opportunity in Jefferson,” said Bucher. “Our firm saw this as a unique opportunity to add multi-family to our real estate portfolio, as well as meet a need for suitable housing for area healthcare workers in close proximity to Ochsner’s largest hospital in its system.”
CICADA is the architect on the project, Hive Construction is the contractor, and The First Bank provided the financing. SVN | Urban Properties will handle the project management of the renovation process, along with leasing of the units and then overseeing property and asset management of the completed development. Move in is slated for late Spring 2022.
This is SVN | Urban Properties’ second notable project with Marullo in the past several months. SVN | Urban Properties was selected as the exclusive broker and property/asset manager for the Louisiana Revitalization Fund, a $100 million real estate fund. Since inception, the fund has deployed over $20 million in Metairie, New Orleans, and Shreveport, LA.
Rendering courtesy of CICADA
Real Estate Developer Announces $100M Revitalization Fund
NEW ORLEANS – New Orleans based real estate developer Anthony Marullo has launched the $100 million Louisiana Revitalization Fund aimed at “investing in the revitalization of the hospitality and other service-based industries that have recently suffered due to the pandemic,” according to a press release from SVN | Urban Properties Real Estate.
The Meineke Care Care Center at 4243 Canal Street, the first property bought by restaurateur-turned-property-developer Anthony Marullo out of a $100 million "war chest" he's raised from local investors and banks to buy up commercial properties.
The goal of the fund, said Marullo, is to have available capital to purchase commercial real estate to help infuse businesses by offering lease-back options to business owners or masters of their craft/trade. In other words, business owners in need of capital can sell their property to investors and then sign a lease to continue working on the premises.
“The demand from investors was overwhelming and I am proud to announce we are overfunded,” said Marullo. “Lease-back real estate structuring can be a great investment for both the developer and the operator. It gives the operator the cash infusion needed while giving the developer a solid return.”
Marullo selected Tim Thompson, head of brokerage for SVN | Urban Properties, as the exclusive broker for the fund. Several local financial institutions have been chosen as strategic partners for the fund’s transactions. The fund will focus on the investment and redevelopment of commercial real estate to serve the hospitality and service-based industries. The fund plans to invest strategically into all four of the state’s major metropolitan areas – New Orleans, Baton Rouge, Shreveport and Lafayette.
“I believe these industries that have been negatively impacted during the pandemic can experience a very aggressive ’V’ shape recovery if capitalized properly,” said Marullo. “Strategic partnerships between developers and operators will greatly boost these industries and help attract talent that may have left due to Covid-19. With the state ending the federal unemployment aid July 31, we hopefully will see a large return to work in these industries that the businesses so desperately need.”
The Louisiana Revitalization Fund is encouraging all hospitality and service-based industry professionals to reach out if they are looking to come home or need a cash infusion in their business through real estate backing.
“Whether you are a talented chef or savvy mechanic, we are asking all operators to reach out and see how the fund can assist you in your respective industry, said Marullo. “How can we collaborate to help kick start these industries.”