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$2.00 THE BUSINESS NEWSPAPER OF METROPOLITAN NEW ORLEANS NOVEMBER 16-22, 2012 Contractors Developers still feel the see promise pressure from Drive Time in OPSB outside firms RESTAURANTS REACT AS FOOD TRUCKS PUSH FOR OVERHAUL OF CITY RULES properties Local companies report they often pass up projects because Their plans aren’t firm for the bid amounts eliminate profits 4 sites they acquired, but they PAGE 9 say each has hidden potential By Robin Shannon Staff Writer By Ben Myers [email protected] Staff Writer [email protected] IN THE MONTHs following Hurricane Katrina and the failure of the levee sys- DEVELOPERS Joseph Stebbins and tem, out-of-state contractors from Pierre Walker invoke quantum theory throughout the country descended on when asked how they recognize a good the New Orleans area to get in on the deal on decaying properties. plethora of construction jobs coming out It’s like Schrodinger’s Cat, they say, of the destruction. referring to a hypothetical scenario that Seven years removed from the storm, Erwin Schrodinger devised in 1935 in several contractors remain in the region which a cat is placed in a box with poi- as the region continues to enjoy a con- son, creating uncertainty over the its fate. struction boon thanks to the influx of Stebbins and Walker eagerly inter- federal recovery funds that stands in rupt each other while attempting to contrast to other areas of the country explain Schrodinger’s cat, and its rela- still struggling to overcome the floun- tionship to real estate, dering economy. until they finally over- The crowded market has made it a lap in unison. INSIDE struggle for local contractors, as they have “It’s neither dead had to compete with out-of-towners to or alive until you view CCNO’S land work. Even as the construction sec- it,” they said simulta- FOUR tor has shown signs of life in their original neously. PURCHASES markets, outside firms have decided to That was their PAGE 18 settle in and established themselves in mentality at a Nov. 8 New Orleans. auction of surplus “Over the last three years, our suc- Orleans Parish School Board proper- cess rate has been lower and lower,” ties. They didn’t necessarily expect to said Freddy Yoder, president of Durr come away with four properties, but Heavy Construction. “People are going that’s what happened. Each will require to gravitate to where the money is, and several years of community-involved there are a lot of contractors here feed- planning, maintenance, restoration and, ing off of the jobs that continue to come Taylor Jackson, finally, a return to commerce. for this region.” who operates the That’s assuming the school board The competition has created a market Empanada Intifada approves two properties — the Algiers in which winning bids for projects are food truck, wants to Bus Barn and a vacant lot in Gentilly — change city regulations Stebbins and Walker purchased for a dropping, making it harder for some local so he can set up shop in firms to obtain those jobs, Yoder said. downtown New Orleans. fraction of their appraised values. They The environment has made contractors also acquired the Morris F.X. Jeff

CONTRACTORS, OPSB , See page 19 BY FRANK AYMAMI PHOTO See page 18

FLEX FLUX A history of the alt-fuel fiasco FOCUS: Technology PAGE 5 Local lawyers, courtrooms move slowly to digital PAGE 23 WE SPENT THE PAST 20 YEARS BUILDING A REPUTATION.

       


 www.neworleanscitybusiness.com New Orleans CityBusiness November 16-22, 2012 3

What happened: The expanded Theatres at Canal What happened: After What happened: Place made its debut Nov. 9, adding 180 seats to the the final military ballots were Hostess Inc., maker of existing 300 just in time for the local premier of counted, the proposal to Twinkies, Ding Dongs “Skyfall,” latest installment of the James Bond saga. extend tolls on the Crescent and Wonder Bread, City Connection gained announced Monday that QUICK What’s next: approval by a mere 16 votes it was permanently No commitments out of the more than closing three of its bakeries following a nationwide are likely in the 308,000 total cast. strike by its bakers union. short run, but developers have What’s next: The Jefferson Business Council, led What’s next: Reports are unconfirmed at this ITS to aware of the by Leon Giorgio, was instrumental in garnering public point, but word is Colorado is now rethinking its vote to H success of Canal support for the measure. Expect the group to follow up legalize marijuana. Analyzing the week’s top news and Place and note that there are no other multi-screen to ensure toll-generated proceeds are spent more what you can expect to happen next theater options available in New Orleans city limits. efficiently than in years past — Greg LaRose ... or at least what we hope to see happen

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Ernest Shallo throws an air conditioner ruined in Hurricane Sandy onto a pile of debris in front of a small home in Seaside Heights, N.J. Insurance professionals say events such as Sandy impact coverage rates globally.

STORM SURGE Citizens’ commercial rate increase stirs private insurance market

By Jennifer Larino Louisiana Citizens Property Insurance Corp. board Staff Writer Nov. 8, comes as the company finds itself $56 mil- [email protected] lion in the red. It also marks the largest commercial rate increase in its 10-year history. THE AVERAGE RATE FOR commercial property With the additional money, Citizens looks to buy coverage with the state-backed insurer of last resort additional reinsurance to cover itself in the case of is set to jump 45 percent in February, a hit that is another catastrophic storm. likely to reshape the New Orleans insurance market Marc Eagan, president of Eagan Insurance as some of the 5,700 affected policyholders start Agency in Metairie, said the double-digit increase shopping for alternatives. The 2013 rate change, approved by the See STORM SURGE, page 7

Ariz. could provide path to state’s flex fuel quandary Louisiana has OK'd $400M Louisiana could now be ers there attempted to Arizona put a moratorium on the pro- on the hook to pay as encourage use of the cred- gram in October 2000 and by in alternative fuel tax credits much as $400 million in $400 million it, allowing residents December, then Arizona Gov. Jane Hull back tax credits through Back tax credits Louisiana lump-sum tax refunds and the legislature had retroactively after budgeting $200K a year could be forced to pay if forced the alternative fuel tax to honor an alternative fuels equal to about half the removed its major incentives and capped credit program after the program it extended in April to price of a new vehicle benefits at $140 million for those who By Jennifer Larino Louisiana Department of include rebates for people who capable of running on purchased vehicles. Staff Writer Revenue extended its bought flex-fuel vehicles. propane, natural gas or In Louisiana, Gov. Bobby Jindal froze [email protected] reach in April to include electricity. Residents start- the alternative fuel program and refunds flex-fuel vehicles, which can run on gaso- ed adding propane fuel tanks and other for flex-fuel vehicles June 14. The state THOSE STILL WAITING for the state to line or ethanol. The tax credit, introduced alternative fuel components to new trucks Revenue Department has pitched new make a final decision on the fate of its alter- in 2009, refunds the cost of an alternative and cars to take advantage of the deal that rules that would weed flex-fuel vehicles native fuels incentive may be able to look to fuel vehicle up to $3,000. summer. Within months Arizona faced out of the program, which are set to go the state of Arizona for a clue on how the Arizona found itself in a similar situation more than $600 million in payments into effect Dec. 20, but has yet to decide controversy will pan out. with its own version of the alternative fuel through a program that was expected to Initially set to cost $200,000 per year, excise tax credit in April 2000 after lawmak- cost $10 million. See FLEX FUEL , page 6 www.neworleanscitybusiness.com 6 New Orleans CityBusiness November 16-22, 2012

FLEX FUEL continued from page 5 if and how it will pay hundreds of refunds filed by individuals and busi- nesses after the June cut-off date. New Orleans area CPAs ushering their clients through the process say the state appears to be bound by law to honor those credits filed for flex-fuel cars and trucks this summer. But many expect the matter to land in court. If Arizona’s history is any indication, that could very well be the case. Arizona faced a wave of class action suits after the 2000 alternative fuel fiasco, with more than plaintiffs seeking more than $1.2 billion in payments by January 2002. Ultimately, the class action suits fizzled out. A Maricopa County Superior Court judge threw out most of a lawsuit filed against the state on behalf of consumers who purchased alternative fuel vehicles in early 2003. A separate judge in the same Gov. Bobby Jindal placed a moratorium on the state's alternative fuel tax credit in June after it was expanded in April to include purchases of flex fuel vehicles. The state has court threw out a class-action suit filed on issued $400 million in credits since launching the program in 2009. behalf of individual auto dealers, auto con- take with the tax credit before taking legal verters, salespeople and other merchants action. Schreiber thinks state lawmakers When they say they want to rewrite the Louisiana tax code, that would have benefitted from the credit. have the same lessons to learn as Arizona “ Arizona residents now look back on the leaders did a decade ago. things like this need to be fixed first.” debacle as a costly lesson on pushing legis- “It goes deeper than this in that the leg- lation out of the door too quickly. islature writes these laws that can’t be JERRY SCHREIBER Jerry Schreiber, a partner at New administered properly,” Schreiber said. accountant Orleans accounting firm Schreiber & “When they say they want to rewrite the Schreiber, said he is advising clients to Louisiana tax code, things like this need to wait and see what approach Louisiana will be fixed first.”•

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STORM SURGE continued from page 5 will hit a number of clients hard and underscores a need for Citizens to spend more time studying its rates. But he said the increase is necessary, bringing rates in Bumpy Triche Marc Eagan Randy Maddox line with the rest of the market and ensur- area president president president ing the company has enough money to Arthur J. Gallagher Eagan Insurance Morrison Insurance Agency Agency continue offering its policyholders an insurance option. “When Citizens was formed the intent daiquiri shop, the smaller businesses that was that it would be the market of last are located in an area that they can’t find the resort, meaning that an insurance agent or standard market property insurance,” broker would only go to Citizens and place Triche said, adding many will raise their client there if they had very little alter- deductibles or cut liability coverage to make natives elsewhere in the marketplace,” up for higher property insurance costs. Eagan said. “The rates ought to be reflec- Randy Maddox, president of Morrison tive of that.” Insurance Agency Inc. in Metairie, said the State law mandates Citizens set its rates Citizens rate increase was long overdue, at least 10 percent more than the highest adding that business owners who can find premiums private insurers charge to keep even a slightly higher rate on the voluntary the company from competing with the pri- market might do so to escape the compa- vate market. In recent years, rates have held ny’s troubled claims history. steady even as insurers willing to under- Citizens has paid more than $100 mil- write commercial property in the New lion so far to settle with policyholders who Orleans market dwindled after Hurricane sued over the slow adjustment of claims Katrina in 2005. after hurricanes Katrina and Rita. Today, Citizens has 5,659 commercial property insurance policyholders, large- ly based in the New Orleans area and It’s the pizza shop south Louisiana, down from 8,460 in “ 2007. Most of the policies cover wind down the street, the daiquiri shop, and hail damage only, which includes the smaller businesses that ... hurricane damage. Eagan said the Citizens increase means can’t find the standard market the rate that a number of carriers now offer property insurance.” locally will be competitive, and business owners should take another look at their BUMPY TRICHE options in 2013. area president But some New Orleans-area commercial insurers are skeptical that alternatives will be Arthur J. Gallagher & Co. widely available. The group willing to write commercial wind and hail policies in the Either way, Maddox said property New Orleans area is still small, and an insurance costs limit what business owners increasingly global insurance market means can afford to spend on other coverage storms in other parts of the world impact needs. Property, auto and liability insur- how many policies are written in Louisiana. ances are must-haves, a reason he expects Bumpy Triche, New Orleans-area presi- some business owners may start taking a dent with Arthur J. Gallagher & Co., said second look at umbrella liability insurance, it’s still unclear what impact Hurricane which protects assets and future income Sandy, which hit the East Coast two weeks above and beyond all other policies. ago, will change insurer willingness to take “If the property insurance increase is sub- on policies in storm-prone areas. Early stantial, then they may say ‘You know what, estimates peg the total insured losses from I’ll just cut back on my umbrella insurance Sandy at $10 billion to $20 billion. or I won’t buy it at all,’” Maddox said. Triche said there will always be an That decision could hit certain industries insurance market for large commercial harder, including the oil and gas service busi- property, coverage for a $250 million port ness. Maddox noted small service compa- facility, for example. But significant events nies are often required to hold up to $5 mil- like Sandy continue to limit options for lion in umbrella coverage to work with major small businesses. oil companies such as BP or Chevron. “It’s the pizza shop down the street, the Eagan said 2013’s steep commercial rate increase should be a cue for Citizens to get Rising rates serious about studying and altering its rates more frequently, possibly hiring an outside Louisiana Citizens Property Insurance Corp. will actuarial firm to help. He said Citizens raise rates in February for some 5,700 commercial could have worked to distribute rate policyholders, most of them in south Louisiana. increases over past years, but the decision This is the fourth year in a row for a rate increase. to do so has been a political hot potato. Year Rate change “They have to make sure that they are 2010 4.7 percent properly rated, and they have to do that 2011 2.1 percent frequently so that they can stay current and 2012 11.7 percent 2013 45.1 percent start trying to run the thing like an insur- Source: Louisiana Citizens Property Insurance Corp. ance company,” he said. “We need to stop the shock and awe that we just saw.”• www.neworleanscitybusiness.com 8 New Orleans CityBusiness November 16-22, 2012 CITYBITS CityBusiness staff reports

Emmys ‘swag’ to include NOLA-made Theodent toothpaste

Theodent, the cocoa-bean infused toothpaste Tulane University alumnus Arman Sadeghpour invented, will be included in the celebrity gift bags handed out at the International Emmys on Monday night. In an interview with Tulane University’s New Wave staff, Sadeghpour said Theodent 300 was one of only nine items chosen to be included in the gift bags. The product has a patented ingredient called Rennou, a nontoxic alternative to fluoride that helps rebuild the enamel surface on teeth. The profession- al-strength toothpaste is normally sold exclusively at dental and doctor’s office for $100 a tube. Sadeghpour’s has had a busy year since Theodent’s Jan. 4 launch, making the product avail- able at 171 Whole Foods Markets throughout the country and at 120 Raley’s grocery stores exclusively in California Appetites Ahoy West End yacht repair shop makes room for restaurant

The West End-Bucktown entertainment district may not dards, which makes the project possible but also pre- ever realize its former glory, but that doesn’t mean it can’t sents challenges, Brimer said. He expects flooding at support a new restaurant. least twice a year and is still deciding whether to build That’s what Schubert’s Marine manager Jordan Brimer out the second floor for storage. Local Realtor leads thinks anyway, and he hopes to open a new seafood Brimer lacks restaurant experience, but said he is in restaurant in what is currently a yacht repair shop next to discussions with experienced restaurateurs whom he clothing drive for West End Park in time for the spring boating season. declined to name. Brimer said Schubert’s will free up about 6,000 “It’s not going to be anything high end or anything like Sandy victims square feet for a ground-level, standalone restaurant by that,” Brimer said. “We’re just trying to cater to what was moving the yacht repair facility to unused space. The already out here pre-Katrina. They had Jaeger’s, Bruning’s, building is “grandfathered” from federal elevation stan- The Dock.” A local Re/Max office is organizing a clothing drive for fellow agents in New Jersey who lost their homes in Hurricane Sandy. Mary Ann Casey-Theriot, a broker-owner in the Riverbend, said 18 Re/Max agents lost everything in the storm, and four offices were damaged or destroyed. Clothing, linens and other household necessities can be dropped off from 9 a.m. to 5 p.m. weekdays until the end of November at Casey-Theriot’s office at 8001 Carrollton Ave. Real estate agents are especial- ly vulnerable when personal loss is coupled with LLOG, investors team on $1.2B Gulf deal business drying up, Casey-Theriot said. She should know: 15 agents in her office lost everything during Covington-based LLOG Exploration and The Blackstone company’s investment was not disclosed. and build a customized production unit. The decision cut Hurricane Katrina. Group, a global investment firm, have partnered to LLOG is one of a handful of privately owned, at least four years off the production time for the field, Donors can also write checks to the relief fund, invest more than $1.2 billion in developing the oil and independent oil and gas companies moving to explore which is estimated to hold up to 300 million barrels of oil which is a tax-deductible charitable organization. gas company’s offshore operations in the Gulf of Mexico. the deepwater Gulf. High operating costs have kept equivalent, and allowed the company to avoid the steep “This isn’t about writing huge checks,” Casey- The partnership will focus on expediting the develop- many independents from searching for oil and gas in cost of building a platform. Theriot said. “Every small amount adds up and it can ment of four recent deepwater oil discoveries in the Gulf, deeper waters. In addition to developing existing fields, Blackstone make a difference in their lives. These people are including its Who Dat oilfield about 120 miles southeast Last year, LLOG was one of the first oil and gas com- and LLOG could also use the investment to grow the freezing. They are living in temporary housing. They of New Orleans as well as the exploration and appraisal panies to purchase a floating production unit for its Who company’s lease acreage in the Gulf through federal are cold and they just had this horrible snow storm.” of more than 100 prospect leases. The amount of each Dat field on spec instead of spending years to design lease sales and acquisition. www.neworleanscitybusiness.com New Orleans CityBusiness November 16-22, 2012 9

COVER STORY Drive Time Vendors hope changes are in place in time for Super Bowl PHOTO BY FRANK AYMAMI PHOTO

By Maria Clark Staff Writer [email protected] 100 Mobile food vending permits the city issues annually. TAYLOR JACKSON takes his mobile food The permit must be renewed every year and vendors vending business wherever the opportuni- can only stay in one place for up to 45 minutes. ty presents itself. This week, Empanada Intifada parked near Frenchman Street, and he will take part in a food truck festival 600 feet on Broad Street today. The required distance a mobile food vendor must be Jackson keeps in touch with his regular from a restaurant, school or church to sell food. They customers. If they work at an office build- are not allowed to set up in the Central Business ing outside the downtown area, where city District, the French Quarter or Warehouse District. law prohibits him from setting up shop, he Source: City of New Orleans will get them to round up their coworkers and drive his truck to their location for “If they relax the rules, this could be their lunch hour. an opportunity for people to invest in It’s a piecemeal and inconsistent way of opening up commissaries,” Legrand making a living, he said. said. “We could see the beginning of a Jackson and other food truck vendors whole new industry.” hope the city will revise its rules restricting The coalition is also working with the where they can operate in time for the city on a rule requiring each vendor to put Super Bowl. out a garbage bin in front of the truck. Under the current ordinance, they are Operators would be responsible for pick- not allowed to work in the Central Business ing up any garbage. District, French Quarter or Warehouse “We are trying to work out a compro- District — areas they see as optimal. mise on the rules anticipating that we Over the past year, attorney Andrew might hear complaints from the brick-and- Legrand has represented the New mortar places, even though we haven’t Orleans Food Truck Coalition, which yet,” Legrand said. wants to amend the city’s 50-year-old The primary concern from most restau- rules for mobile food vendors. On top of rant owners is proximity. not being able to operate downtown, “I don’t want them right outside my food trucks cannot operate within 600 door, but I understand competition hap- feet of a restaurant, church or schools pens every day,” said Ralph Brennan, and are not allowed to stay in one place owner of four local restaurants. “It’s part of Food truck operator Taylor Jackson places a tray of empanadas into the over of his mobile galley. for more than 45 minutes. business. As long as they comply with food Legrand said the coalition has been safety and regulations, I would say that’s working with Councilwoman at-large some restriction regarding the proximity of LRA said in a statement. “With the very the bigger issue.” Stacy Head to revise the rules so they don’t food trucks to restaurants. nature of the food trucks being mobile, David Travis, general manager at Salu favor brick-and-mortar restaurants over the A bigger concern of the LRA is food we can contemplate this being an issue on Magazine Street, said the additional mobile vendors. safety. State health regulations require food for consistent inspection. How does the competition will not affect the restaurant. The city doles out a limit of 100 permits trucks to report daily to a commissary, sanitarian determine where the food The Uptown business is in the heart of a annually, and they expire after one year. where they can store food and paper prod- truck is located?” corridor of dining establishments, plus The coalition wants to remove the cap and ucts, prepare any food the vendor can’t Legrand said finding licensed commis- food trucks have already found compliant the limits on setting up near a restaurant. cook in the mobile unit and to wash cook- saries has been difficult for mobile food corners on Magazine. The rules are being revised with possi- ing utensils. A kitchen at an existing bar or vendors in the city, with rules so restrictive When people want to go out to eat, they ble concerns the restaurant industry might restaurant can qualify as a commissary. that they don’t offer an opportunity for will go to a restaurant and not stop on their have in mind, Legrand said. But even if an operator is following the more people to open commercial kitchens way at a food truck, he said. If anything, he “The (main) complaint has been that food safety guidelines, there’s concern over geared specifically for them. expects mobile vendors will impact fast mobile vendors don’t have to pay property the ability to enforce regulations and Jackson has been using the kitchen at food locations and late-night spots that taxes, so they shouldn’t be able to park ensure the public a vendor runs a clean Cake Café on Royal Street as his commis- serve food. anywhere they’d like,” he said. operation. sary but said the lack of space has been a “Food trucks fit our culture,” Travis The Louisiana Restaurant Association “State health inspector visits to concern. He’s currently looking for a dif- said. “People like to walk and drink. They said in a statement that there has to be licensed premises are unannounced,” the ferent kitchen. also like to eat and walk.”• www.neworleanscitybusiness.com 10 New Orleans CityBusiness November 16-22, 2012

www.neworleanscitybusiness.com New Orleans CityBusiness November 16-22, 2012 11 DININGOUT PHOTO BY FRANK AYMAMI NOLA pizza options include local take on Chicago style

By Tom Fitzmorris Restaurant Writer [email protected] Midway Pizza

THE LONG-RUNNING rivalry between $$ New York-style (thin crust) pizza and the 4725 Freret St. deep-dish Chicago pie isn’t something 322-2815 we have been able to observe much in Lunch and dinner seven days a week New Orleans. But as our pizza options Very casual continue to get more numerous, we can www.midwaypizzanola.com get this argument going. Price ratings are what one person should expect Midway Pizza straddles the fence on to spend on a meal. Each $ represents roughly $10. thickness, but its work is classy and care- ful. They even give salads some attention.

Scott Herlihy enjoys slices of Thunderbird & Money Pie pizzas at Midway Pizza.

Why it’s essential ingredients, and they have a candidate for mozzarella, tomato-basil relish and Factors other than food Midway is the perfect name for this place. Not best Caesar dressing in town. Creole mustard-jalapeno sauce) Up to three points, positive or negative. only is it halfway between Jefferson and 2. Roasted polenta cake with spinach, Absence of points denotes average performance. Napoleon avenues, but the pizza is halfway Back story mushrooms and creamy marinara Dining environment between New York and Chicago. It’s a deep-dish The old commercial stretch of Freret Street 3. Caesar salad Consistency +1 job, with a crust about twice as thick as you’re between Jefferson and Napoleon was bub- 4. King Creole pizza (Creole-fredo sauce, garlic Service +1 used to. However, it doesn’t hold a two-inch bling with trendy restaurants when Midway shrimp, tomato basil relish and green onion) Value +1 stratum of tomato sauce, nor does it take an Pizza opened in 2011. It was just in time for 5. Margherita pizza Attitude +2 hour to bake the way a real Chicago-style pie the fall term at nearby Tulane and Loyola uni- 6. Thunderbird pizza (chicken, ham, bacon, Wine and bar +1 does. Instead, a thin, crisp layer lines the bottom versities, and it greeted students with exactly onion and roasted red pepper aioli) Hipness +2 of the crust, just like a good New York pizza. the menu and premises they seek. This never 7. Natty “E” pizza (chicken, bacon, tomatoes, Local color +2 Anyone who remembers The Deli’s pizza seems to change. onions and green goddess sauce) in the 1970s will find this somewhat similar 8. FD2 pizza (chorizo, green chiles, red onion, Special attributes — and better. Surroundings cotija cheese and green onions) Open Sunday and Monday for lunch and din- The old commercial building gives the restau- ner; open until midnight; open until 1 a.m. Why it’s good rant a long front on Freret, with a correspond- For best results Friday and Saturday; open all afternoon; vege- The house combinations here are much more ingly lengthy dining room. At the far end from One small pizza plus a salad or a starter is easi- tarian dishes; quick, good meal; good for chil- creative than we find in most other pizzerias. the corner is the combination kitchen, bar and ly enough for two people. The lunch buffet is so dren; easy, nearby parking; no reservations. Once you’re past the Margherita and multi-meat buffet. The latter is in use at lunchtime on busy that the pies are about as fresh as if they jobs, everything is unique. For example, the weekdays, when you get a salad and all the were made to order. sauce they call “Creole-Fredo” is a brilliant pizza you want for $9. The bar is not perfunc- RESTAURANT RATING orange from its mixture of tomato sauce and tory, and they really can make a good cocktail. Room to improve cream. Many pies have more than one sauce. The crust would be a bit better if it actually The appetizers are terrific, even though Top essential dishes touched the surface of the oven bottom. they’re essentially reconfiguration of the pizza 1. Pigs in a blanket (Italian sausage, Restaurants are rated on a five-star scale.

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BUSINESSDASHBOARD

New Orleans-area Flying high unemployment claims Louis Armstrong New Orleans International Airport ranked 67th among the top 100 U.S. airports in domestic fares for roundtrip or one-way tickets in the second quarter. Fares are based on the total ticket value, which consists of the price charged by the airlines plus any additional taxes and fees but 1000 do not include other fees, such as baggage. 836 2Q 1Q 2Q 2011 Change over 2011 807 801 New Orleans $370.35 $359.61 $343.71 7.7 percent 800 702 United States $385 $373 $370 4.1 percent Now departing 638 Source: Bureau of Transportation Statistics Nearly 84 percent of all flights at Louis 600 563 Armstrong New Orleans International Airport were on time in September, according to U.S. Department of Transportation figures released last week. 400

Airline On-time rate 200 AirTran 98.33 percent Southwest 88.76 percent ExpressJet 88.37 percent 0 Oct. 20 Oct. 13 Oct. 22, 2011 Nov. 3 Oct. 27 Nov. 5, 2011 US Airways 88.13 percent Delta 87.98 percent Jobless at a glance United 81.25 percent JetBlue 77.57 percent Area September August Sept. 2011 American Eagle 76.67 percent St. Bernard 1,244 1,399 1,256 St. Tammany 5,493 6,375 6,240 SkyWest 66.67 percent Orleans 12,198 13,975 13,172 Mesa 63.16 percent Jefferson 13,229 14,702 14,078 American 55.91 percent New Orleans area 35,958 40,567 38,742 Louisiana 130,932 151,478 147,676 New Orleans 84.2 percent United States 11.74 million 12.69 million 13.52 million Nationwide 83.3 percent Parish-by-parish weekly claims Source: U.S. Department of Transportation Jefferson 223 Orleans 184 River Parishes* 60 St. Bernard 13 St. Tammany 77 Talking turkey Source: Louisiana Department of Labor *River Parishes include St. Charles, St. James and St. John parishes $49.48 Average cost of a Thanksgiving dinner for 10 in 2012, up 28 cents from the 2011 average of $49.20. That includes turkey, bread stuffing, sweet potatoes, rolls with butter, peas, cranberries, a relish tray of carrots and celery, pumpkin pie Foreclosure facts with whipped cream, and coffee and milk St. Tammany Parish had the area’s highest foreclosure rate in October, which includes Source: American Farm Bureau Federation default notices, auction sale notices and bank repossession.

Parish Filings Households Rental report in foreclosure St. Tammany 294 1 in 325 The average monthly rent per square foot for apartments in the Greater New Orleans region was $1.02 Jefferson 388 1 in 487 in the fall of 2012. The breakdown that follows shows the average for various layout options: St. Charles 37 1 in 538 Checking in Orleans 117 1 in 1,623 Square feet Rent St. John 7 1 in 2,501 Occupancy rate for New Orleans-area hotels*: Studio 431 $618 Plaquemines 1 1 in 9,596 1 bed/1 bath 718 $784 St. Bernard 0 0 Nov. 3 Oct. 27 Nov. 5, 2011 2 bed/1 bath 853 $842 69.4 percent 78.6 percent 66 percent 2 bed/2 bath 1,049 $1,024 New Orleans 844 1 in 638 3 bed/2 bath 1,304 $1,202 Louisiana 1,678 1 in 1,171 Source: Smith Travel Research *New Orleans area includes Overall $64 $877 United States 186,455 1 in 706 Jefferson, Orleans, Plaquemines, St. Bernard, St. Charles, St. James, St. John and St. Tammany parishes Source: Greater New Orleans Multi-Family Report Source: RealtyTrac www.neworleanscitybusiness.com 14 New Orleans CityBusiness November 16-22, 2012

REAL ESTATE RECORDS — Ben Myers

Official: Grocer will move project, we do not have any commitments for devel- opment in Louisiana at this time,” Bradford said. into Schweggman’s site Tombar, however, said Friday that “develop- on N. Broad ment is already beginning.” EXPERIENCE CHINESE CUISINE AT ITS FINEST Plans for the 60,000-square-foot Schwegmann On & off site catering for all your business & personal functions. Take Out and Delivery The former Schwegmann’s site on North Broad site include additional tenants and community ser- Mon-Thurs 11am-10pm • Fri & Sat 11am-11pm • Sun 11am-10pm Street might have a future as a grocery store, but vices, according to The Times-Picayune. the national chain that’s said to be moving into the Broad Community Connections did not respond 3605 S. CARROLLTON • Menu online fivehappiness.com • 482-3935 • FAX 486-0743 space isn’t confirming the news. to an interview request. Fred Tombar, senior adviser for disaster recovery for the U.S. Department of Housing and Urban Development, said in a public presentation last Friday that Whole Foods intends to occupy the former Schwegmann Giant Super Market at 300 N. Broad St. Wake Up! The nonprofit Broad Community Connections pur- Wake Up! chased the property this summer for $2.4 million. IT’S TIME TO GET SERIOUS ABOUT BUSINESS Tombar said the store will use a “new urban model,” though he could not provide further details in an interview following his presentation to a communi- ty development symposium at Basin Street Station. New Orleans will be the second city after Detroit Subscribe now and get the Book of Lists valued at in which Whole Foods uses the new model, Tombar said. The grocery outlet plans to open a 20,000- $115 as part of your paid order. square-foot store in Detroit next year, and co-Chief Executive Walter Robb has said that development will operate in or near underserved areas. Call 1-800-451-9998 Kristina Bradford, spokeswoman for Whole Foods’ Louisiana stores, was vague when asked to order your subscription and about Tombar’s statement. save up to 60% off the newsstand price! “While we may have expressed interest in that

www.neworleanscitybusiness.com New Orleans CityBusiness November 16-22, 2012 15

Owner ‘still shaping’ plans Tonti upgrades Metairie now the only luxury apartments in Metairie, prop- erty supervisor Katie Rigsby said. The complex at for former Winn-Dixie apartments lost to fire 3701 W. Napoleon Ave. contains 159 units. Studios, one- and two-bedroom apartments are A Treme land parcel seen as critical to the area’s Pre-leasing has begun on 48 renovated apartment available, and lease rates range from $745 to redevelopment is in the hands of hotel developer units in the Chateau Napoleon complex in Metairie $1,350. Three units had been leased as of Nov. 7, Michael Valentino, but there’s no indication he has that were destroyed in a fire last year. Rigsby said. firm plans for the property’s future. Apartment Homes by Tonti, the property owner, Rigsby declined to say how much Tonti invest- Valentino leads Lafitte Street Development, LLC, decided to upgrade the rebuilt units, which are ed in the renovation.• which purchased the site of a former Winn-Dixie at 1501 St. Louis St. for $5.1 million July 31. The 260,000-square-foot site is in the middle of what is expected to be a hotbed of redevelopment over the next several years, including University Medical Center and the Iberville public-housing apartments. NewCity Neighborhood Partnership projects $3.7 billion of development activity in an area bounded Tulane and St. Bernard avenues and Broad and Rampart streets. Start something big. Valentino is also the sole member of the entity that owns Basin Street Station at 501 Basin St., adjacent to the Winn-Dixie site. Plans for the recently acquired land are still being devised, Valentino said in a brief interview. “This is going to be a real nexus point for how all this comes together,” he said. “We are still shaping that and forming it.”

New complexes create ‘equilibrium’ in rental market

Nearly 300 new multifamily apartment units span- ning four properties will come online before year’s end in the Central Business District, Marigny and Lower Garden District, according to the Greater New Orleans Multi-Family Report. The new units might boost supply in the city’s Historic Center, but stringent underwriting and a land shortage is limiting multifamily construction in the region, according to the report from Larry G. Schedler and Associates. 5IFSFµT
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www.churchillpark.org. in the Historic Center is 96 percent, compared with 92 percent across the region. Overall the market has reached “equilibrium,” the report states. The authors note strong sales demand, particu- larly in West Jefferson, where Delta Alliance Capital Management and Redwood Real Estate Partners pur- chased the Baywood and Cedardwood apartments in August. Those properties each comprise 226 units Think big. Move beyond. and sold for an average of $51,991 per unit. www.neworleanscitybusiness.com 16 New Orleans CityBusiness November 16-22, 2012

BANK NOTES

Get the negotiation tactics your business needs to succeed.

NOLA-area businesses make capital connections

Parkway Bakery and Tavern, the iconic po’ boy shop on Bayou St. John, is one of four New Orleans businesses vying for cash through the Inner City Capital Connections program, an annual initiative that educates inner-city business owners about access to lending. The program, co-founded in 2005 by the Initiative for a Competitive Inner City and Bank of America, connected a group of 178 companies with potential investors last Friday at the Fortune “I was always afraid of pushing too hard when negotiating. Magazine headquarters in New York. Now I stand firm to get the better deal.” Other New Orleans-area businesses taking part include FutureProof, a sustainable design and — Angelica, Owner Colmex Construction, New Orleans, LA development firm; Henry Consulting, a business consulting firm; and Valentine Medical Center, a Knowing when to stand your ground and when to budge can make a medical center in Belle Chasse. good deal great. Our program with Delgado Community College gives The one-day capital matching event was the you valuable skills for growing your business, the opportunity to access last phase of the ICCC program, which offers par- financial capital, powerful networking opportunities and more, at no ticipants training and information session on equity cost to you. Just ask Angelica. and other forms of growth financing and help per- fecting company pitches.

According to surveys of 375 ICIC participants, Apply now at www.dcc.edu/10KSB more than three-quarters of which are minority owned, about 71 percent lack the capital they need to grow and about 37 percent of businesses claim that their company size is too small to qualify for lending. Another 35 percent noted that they lacked connection with a capital provider, with about 28 percent having little-to-no bank relationships. © 2012 Goldman Sachs. All rights reserved. Some 123 firms have raised $703 million in capital through ICCC since it was founded.

Survey: Community banks spending more on apps

Arriving daily on your computer! Community banks plan to up their spending on technology in the coming year, focusing investment on the development of mobile banking services, according to a survey the audit and advisory firm KPMG released earlier this month. Daily Update The 2012 KPMG Community Banking Outlook FREE Register today wwww.neworleanscitybusiness.com/dailyupdate.cfmwww..newwoorrlleanscitybusiness.com/daaiillyyupdate.cffmm www.neworleanscitybusiness.com New Orleans CityBusiness November 16-22, 2012 17

— Jennifer Larino

TakeTTaake thethe work outout of your Survey, which quizzed 105 executives at banks with $5 billion or less in assets, found that about company’scompany’’ss voivoicece anandd dadatata pplan.lan. 60 percent of respondents planned on increasing technology spending in 2013 despite pervasive worries about fiscal impact of new banking regula- tions and capital requirements. Half of the bankers said they plan on investing in information technology, with 26 percent planning to ramp up mobile banking and payments offerings and about 23 percent focusing on transitioning to cloud-based technology.

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TToo order your Electrroonic Version of the 2012-2013 Book of Lists conttaact Jaclyn Meith • (504) 293-9229 • [email protected] www.neworleanscitybusiness.com 18 New Orleans CityBusiness November 16-22, 2012 Partners have rehab résumé

OPSB continued from page 1 BY FRANK AYMAMI PHOTOS

School in Mid-City for $920,000 and the Pierre Capdau School on Franklin Avenue for $612,000. No one else wanted the 14,400-square- foot bus barn, which was once a Civil War hospital, so the partners in CCNO Development bid $75,000, or 12 percent CCNO Development paid $612,000 for Pierre Capdau of the appraised value. School, above, and $920,000 for Morris F.X. Jeff School, “It’s a beautiful neighborhood, and it right, at a Nov. 8 auction. seemed silly to let it sit and rot,” Stebbins said. according to an appraisal. The building at 801 Patterson St. is “It’s a shame to let it sit, even if all we do crawling with vines, suffers from termite is go over there once a month and dust it off damage and contains deteriorating mortar, and make sure it’s OK,” Walker said, adding neighborhood markets, including working headquarters, which is a former crematorium. that a minor use is possible while he and with former school properties. Renovation of the crematorium is not Campus clearance Stebbins devise a plan for the building. CCNO is converting the former complete, with one half of the building Stabilizing and cleaning are the first McDonogh 16 building on St. Claude filled with construction materials. Stebbins The Orleans Parish School Board unloaded three objectives for the barn and the two other Avenue into a 68-unit residential complex for and Walker don’t know what will come of properties for $2.7 million at a Nov. 8 auction. An buildings. Morris F.X. Jeff and Pierre seniors, a project it expects to complete late that, but they don’t seem concerned. additional three were received bids totaling Capdau are likely to turn into full-scale next year. The company is also behind the The priority, they say, is developing prop- $100,000, or 13 percent of appraised value, triggering a legally required board review. development projects in the next three to Constance Lofts, which were built in a former erties in a way that preserves history, ensures The properties sold include: five years, but Stebbins and Walker aren’t old cotton press in the Warehouse District. long lives for buildings and fits surroundings. sure what that will entail. CCNO also has renovated 56 duplexes “Our job and strength is to determine the Pierre Capdau School 3821 Franklin Ave. Morris F.X. Jeff School 800 N. Rendon St. Although firm plans are yet to be estab- in the 7th and 9th wards since Stebbins co- best use of the building, and that has a bunch New Orleans Free School 3601 Camp St. lished, Stebbins and Walker note that an founded the company in 2007 with a part- of moving parts,” Walker said. “It’s not just Algiers Bus Barn 801 Patterson St. aging population surrounds Pierre Capdau, ner who left two years later. what will make the most money, what is best Lake Forest Montessori 8258 Lake Forest Blvd. while Morris F.X. Jeff may lend itself to a A CCNO-built senior living complex, the for the historic structure, what is best for the Vacant lot 2717 Athis St. mixed use in the up-and-coming Gentilly Tudor Square Home for the Aged, is tucked bottom line, but what is also keeping in line Source: Orleans Parish School Board area. They have experience in both types of behind the company’s Claiborne Avenue with the human beings around it.”• S E T A I C O S S ASSOCIATES A

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Firms from outside the New Orleans area have decided to settle in and established themselves even as the construction sector shows signs of life in their original markets. Good climate for owners CONTRACTORS to work more efficiently,” Yoder said. “We continued from page 1 are using more modern technology, like GPS navigation and other software tools, more aggressive and, as a result, driven to help us improve our bid. We have also down construction costs. started to bid on more work than we have “There is definitely something dynam- in the past to get more work. You do what ic going on in the industry,” Yoder said. you can to stay competitive.” “Some out-of-state firms don’t have a Ryan Gootee, president of Ryan clear understanding of what it costs to do Gootee General Contractors, said many work in the city. As prices get driven firms have been forced to not to bid on down, the amount of work going to locals some projects because the competition has is being minimized.” made it not worth the effort. Allan McDonnel, president of The “Before the storm, we were bidding McDonnel Group, offers a against two or three other DOWNLOADED THE direct example of a job in firms,” Gootee said. “Now which his firm was squeezed we are seeing quotes from out by competition. In guys we have never heard PATIENT’S MRI SCAN, STAT. 2010, his company was one of before. If there are 10 or of six in the second round of 27th 15 firms on a list, we won’t ANOTHER DAY. bidding for a contract to Louisiana’s rank in go after it.” construction employment Robert Boh, president of build a consolidated car growth over a 12-month ANOTHER VICTORY. rental facility at Louis stretch ending Sept. 30, Boh Bros. Construction, said Armstrong New Orleans according to the most his company is also opting International Airport. Initial recent figures available. not to go after jobs with too bids came in well below the The state lost 1.6 percent many bidders, but added that of its sector work force over project’s budget and a sec- the period, ending with the increased competition is ond round of bids, following 123,600 jobs — 2,000 just part of a cyclical industry. technical errors on all of the fewer than a year earlier. “Two to three years ago, a submitted bid forms, drove Source: Associated General lot of national contracting prices down even more. The Contractors of America firms started looking for project eventually was work here,” Boh said. “We awarded to Kenner-based were getting lots of govern- Satterfield & Pontikes Construction, but ment funding and federal grants for work, Muscles and bones are Dr. Yardley’s passion. Megabits and bytes are McDonnel said the bidders included out- and it has been difficult for everyone in the just a means to an end. But after a careful examination of the facts, she of-state firms. last 18 months to land some work. concluded that Charter Business would serve her practice better than Several reconstructions and renovations at “But we have seen this before. It all the phone company. With Internet speeds up to six times faster than Recovery School District properties have also comes down to working more efficiently.” standard DSL*, Dr. Yardley’s productivity is way up, and her patients’ wait gone to out-of-state contractors, he added. McDonnel said there are some advan- “Much of it has to do with these firms not tages to the competition in that the owners times are down. Plus, she was able to bundle reliable business phone working with the subcontractors beforehand of some of the projects have the opportuni- and crystal-clear TV service for the lobby. All of it is contributing to a to come up with a bid tabulation,” McDonnel ty for savings, assuming the project is exe- healthier bottom line. said. “Local contractors know the lay of the cuted properly and the owner gets the fin- land and know what the subcontractors ished product in a timely manner. here are capable of. Out-of-town groups are “With tighter margins come less room taking jobs and then going after subs.” for error on the part of the contractor and The intense competition has encour- his subcontractors,” McDonnel said. “If Call Shelly King 985-318-1212 aged some firms to change the way they something comes up in the middle of the [email protected] approach the market to maximize what project, it could get drawn out six, eight, or they are getting from it. even 10 months, which ends up costing the ©2012 Charter Communications. Savings claim based on Small Business Claims Study by Data & Management Counsel, Inc. *Speed “We are constantly trying to find ways owner in the end.”• comparison as of 3/14/12. Internet speeds may vary. Restrictions apply. Call for details. www.neworleanscitybusiness.com 20 New Orleans CityBusiness November 16-22, 2012

November 16-22, 2012 Volume 33, Number 21

Associate Publisher/Senior Vice President: Lisa Blossman [email protected] or 293-9226 Editor: Greg LaRose [email protected] or 293-9299

NEWSROOM News Editor Christian Moises: Special projects, employment, gaming. [email protected] or 293-9249 Reporters Ben Myers: Commercial real estate, government, ports. [email protected] or 293-9254 Jennifer Larino: Finance, energy, retail. [email protected], 293-9255 Maria Clark: Technology, law, green industries. [email protected], 293-9210 Robin Shannon: Construction, residential real estate. CityBusiness [email protected], 293-9231 news staff Market Researcher Duncan Brown: Coordinates Book of Lists, Around Town. [email protected] or 293-9203 Emily Jones: Market research assisstant [email protected], 293-9224 Art Director Editor Lisa Finnan: [email protected] Greg LaRose greg.larose@ ADVERTISING nopg.com Advertising executives/CityBusiness: Liz Baldini, [email protected], 293-9213; Jennifer Forbes, [email protected], 293-9731; Cassie Foreman, [email protected], 293-9222; Coco Evans Judd, [email protected], 293-9288; Jaclyn Meith, [email protected], 293-9229 News Editor Article reprints/Digital Book of Lists: 293-9229 Christian Moises christian.moises@ Custom Publishing nopg.com Editor: Christian Moises, [email protected], 293-9249

PRODUCTION Production Manager: Julie Bernard Pre-press Manager: Shelley Costa Reporter Ben Myers Art and Production Coordinator: Samantha Verges ben.myers@ nopg.com ADMINISTRATION Director of Operations: Gina Brignac Office Coordinator: Marilyn Miller Accounting Coordinator: Cindy Provensal Reporter CIRCULATION Jennifer Larino jennifer.larino@ For subscriptions call (800) 451-9998 nopg.com

The entire contents of this newspaper are copyrighted by NOPG, LLC, 2012, with all rights reserved. Reproduction or use, without permission, of editorial or graphic content in any manner is prohibited. New Orleans CityBusiness (USPS 544-290) is published weekly with an annual U-turn needed for 9th Ward tour permits New Media issue in August by NOPG LLC, 3445 North Causeway Blvd., Suite 901, Metairie, Specialist LA 70002 (504) 834-9292. Maria Clark To place orders, temporarily stop service, To submit subscription payments: ERNEST CHARBONNET’S heart is in the right tors buses bring to the Fair Grounds for Jazz Fest maria.clark@ change your address or inquire about billing: Mail: New Orleans CityBusiness nopg.com Phone: (800) 451-9998 Subscriptions Services place, and he has gone about crafting a proposal to each spring? Fax: (800) 329-8478 PO Box 1667 help his constituents in the 9th Ward in a logical and These become reasonable propositions if the 9th Email: [email protected] Minneapolis, MN 55480-1667 Mail: New Orleans CityBusiness fair fashion. Ward is allowed to tap into a city revenue stream. Subscription Services 10 Milk St. 10th Floor But the interim city councilman for District E The stance taken here should not be perceived as a Boston, MA 02108 could end up hurting not just the resi- slight of the 9th Ward or its residents, who Market Researcher Duncan Brown If your newspaper is damaged, missing or late: Call (800) 451-9998 or email dents of the neighborhood ravaged by have endured an uphill battle to reclaim duncan.brown@ [email protected]. If your newspaper frequently arrives late, contact your nopg.com letter carrier or local postmaster levee failures in 2005, but those in other their neighborhood after the levee failures. For technical support: If you need help with our Web site or your login and neighborhoods as well as the city’s Instead, the possibility of tour permits password, please call (504) 834-9292. Back issues: Select back issues are available. Call (504) 834-9292. tourism industry. should evolve into a discussion about what It is the policy of this newspaper to employ people on the basis of their qualifica- Charbonnet wants to require tour companies that fea- other economic impact measures could be taken to tions and with assurance of equal opportunity and treatment regardless of race, color, creed, sex, age, sexual orientation, religion, national origin or handicap. ture the 9th Ward on their itinerary to pay $350 annually resuscitate the neighborhood. Reporter for a permit. The money would go toward blight reme- Rather than adding to the existing tax burden of tour Robin Shannon CityBusiness® is a registered trademark of CityBusiness/Twin Cities Inc. robin.shannon@ POSTMASTER: Send address changes to CityBusiness, Subscription diation and general upkeep projects in the area. companies, the 9th Ward should work with operators nopg.com Services, 10 Milk St Ste 1000, Boston, MA 02108. Periodicals postage paid at Metairie LA, and additional entry offices. Subscription rates: One year, According to a representative from the council- to ensure that visitors have the chance to spend money $115; two years, $175; three years, $237. Back issues: $5. ISSN0279-4527. Foreign subscription rates may vary. man’s office, the ordinance needed to put the permit at its businesses or donate to its worthwhile causes. New Orleans Publishing Group LLC, is an affiliate of The Dolan Company: in place has the support of several large tour compa- The $350 permit fee might seem a more direct way James P. Dolan, president, chief executive officer and chairman; Scott J. Pollei, executive vice president and chief operating officer; Mark Stodder, nies that helped determine the amount of the annual to tap into tourists, but keep in mind that the city has executive vice president, business information; Vicki Duncomb, fee. These businesses, perhaps caught up in the posi- made little effort to enforce a ban on bus tours in the vice president and chief financial officer tive spirit of the concept, are overlooking the pitfalls it 9th Ward that was put in place in 2006. There’s no Director, Publishing Operations: Chris Eddings [email protected] presents to their industry. guarantee that fee collections will be any more effective. Senior Vice President, NOPG: Mark Singletary If permits become necessary to tour the 9th Ward, Any such fee will more than likely be passed on to [email protected] it opens the door to other areas of the city seeking tourists, who might balk at the price increase. And if impact fees for the tours that frequent their streets. visitors are never made aware of the 9th Ward’s cur- Would Garden District residents be able to pursue rent plight and valiant attempts to recover, it will be CityBusiness is printed on recycled newsprint a surcharge for the groups that traipse around its yet another disservice to its residents. graveyards, damaging historic markers as well as For the concerning precedent it would set and the exposed oak tree roots that compromise the neigh- possibility that the intended recipients might never see ON THE EB borhood sidewalks? the money, not to mention its impact on the tourism W Could residents in Bayou St. John and Gentilly industry, permit fees for tour buses taking visitors to Visit our website at extract the cost of cleaning up after the droves of visi- the 9th Ward should be permanently parked.• www.neworleanscitybusiness.com www.neworleanscitybusiness.com New Orleans CityBusiness November 16-22, 2012 21

EDITOR’SNOTES Worth repeating Romney loss begs question: Who’s your sugar daddy? “I don’t want you guys to SINCE HIS FAILED BID for the presidency, supporters of site then gave the Republican candidate its endorsement but “ Republican candidate Mitt Romney have made a mass exodus rescinded it after his “47 percent” comment became public in be so dependent on a piece of from his official Facebook page. September. An additional factor leading to the retraction: another computer software that you The news media, with little left to dissect after Election Day, poll showed Sugar Babies preferred Obama 3-to-1. forget the value of boots jumped on social media to cover the trend. As of the Friday after the “Sugar Babies relate to Obama because his general message is race, The Washington Post reported Romney was losing 593 “likes” much like that of a Sugar Daddy,” Brandon Wade, CEO and on the ground.” an hour. By Saturday, Mashable said the rate increased to 847. founder of the website, said in a statement. “President Obama New Orleans City I found it to be one of the more absurd factoids to emerge in understands that everyone needs a hand every now and then, but Councilwoman Cynthia the post-election period, until a gem landed in my mailbox. in return he asks for cooperation from citizens. What he hasn’t Hedge-Morrell, at a budget hearing covering technolo- The website SeekingArrangement.com, which bills itself as perfected is the art of a mutually beneficial relationship because gy upgrades for the city’s “the world’s largest Sugar Daddy Dating website,” claims that right now, what he’s giving isn’t enough for code enforcement staff President Obama’s re-election produced some 9,700 signups on some people, particularly women.” Nov. 8, the same day the Dow Jones index fell 369 points. As of I hope we don’t have to wait another four Monday, the site purports adding 30,000 new members — or years for more of this astute political commen- Sugar Babies, as they are termed. tary. Does that make me a Sugar Junkie?• Because there clearly weren’t enough polls before the election, SeekingArrangement.com conducted its own in August of 10,000 Editor Greg LaRose can be reached at 293-9299 Sugar Daddy members, who leaned heavily toward Romney. The or [email protected]. $1.3 million Jefferson Parish government’s settlement the with architecture GUESTPERSPECTIVE firm Wisznia Associates over delays and cost overruns in the design and construction of the Jefferson Performing Arts Center. Principal Obama has work to do in mortgage industry Marcel Wisznia still doesn’t accept blame for the project that now has WITH THE ELECTION IN THE rearview mirror, it’s time to are underwater but whose loans are not owned or guaranteed by a price tag of $50.7 million and is start speculating on what the next four years will mean to the Fannie or Freddie. There must be some enticement for those three years behind schedule. mortgage and housing industry. lending institutions to help out those homeowners. When President Obama took office in January 2009, the hous- There is a sense that foreclosures are slowing and that short ing and credit markets were in shambles. Foreclosures were rising sales will become fewer as home values continue to stabilize, or - and a “short sale” was becoming a part of a Realtor’s dictionary even in some sought-after neighborhoods - rise. However, there is and skill set. little talk about the millions of underwater homeowners who in Mortgage rates were beginning their downward slide from the the next few years will see their very affordable interest-only first 5 percent range to 4 percent to where they are now, the 3 percent mortgages turn into principal-and-interest payments with shorter territory for a 30-year fixed rate. amortizations. Similarly, those who have home equity loans under The squeeze on money for jumbo loans that were beyond the interest-only payments will see likewise recalculations. realm of Fannie Mae and Freddie Mac was suffocating, and For example, many homeowners in 2004 took out a 30-year money that was available was high-priced. Slowly, the noncon- fixed rate mortgage with a 10-year interest-only period. After the 10 forming jumbo market has been revived and banks have become years, the remaining balance is amortized over the final 20 years of more willing to lend with competitive rates. the loan. So what does that do to the borrower’s payment? Four years ago, flexible and common sense underwriting for If their rate was 6 percent, and the original loan amount of mortgages was replaced with strict guidelines and multiple over- $300,000 remains, the interest-only payment is $1,500. In 2015, lays by investors who sought to ensure that every loan was going that payment will become $2,149, a nearly $650 monthly increase. to be a perfect, airtight investment that would never be subject to a The homeowner can’t refinance because the house has lost too buyback. That is still the case. much value and the combined housing payments may be too bur- The administration did address the need to help homeowners densome. Now, a previously “on-time” borrower may be under who had lost 20 to 40 percent of the equity in their homes, leaving duress and may not be able to make the new higher payments and them underwater, by enacting the Home Affordable Refinance a new wave of foreclosures may be just around the corner. Program and the Home Affordable Modification Program. The You read it here first. Misfortune cookie programs have been tweaked and refined over the years to help Likewise, Congress needs to address the soon-to-expire WEST HARTFORD, Conn. — Police those homeowners, but more can be done. Mortgage Forgiveness Debt Relief Act of 2007. This act provided say a man stole a car used to deliver HARP is limited to those homeowners who had a Fannie an exemption for any income tax on debt forgiveness for money Chinese food and continued drop- ping off orders so he could keep the Mae- or Freddie Mac-owned or guaranteed mortgage that was used to purchase, or make improvements to, a principal residence. customers’ money. sold to those government agencies prior to June 1, 2009. I am Prior to the act, if you agreed to a short sale with your lender, Keith Hinds was charged Nov. 6 sure there is a good reason why June 1 was picked, but the real- you would be required to pay tax on the difference between what with larceny, possession of less than half an ounce of marijuana, posses- ity is that homeowners who purchased homes on June 2, 2009, you owed and what you agreed to sell for. That was viewed as a sion of drug paraphernalia and other and well into 2010 and even into 2011 have lost equity. My significant hardship for the homeowners and an impediment to drug charges. suggestion is for the government to open up the program to those seeking short sales. Police received a call from a Chinese food delivery driver report- those homeowners who had loans that were sold to Fannie or The act is set to expire at the end of this year. Hopefully the ing that his car had been stolen after Freddie by Dec. 31, 2010. That would help millions of borrow- lame duck session of Congress will take this up and signifi- he left it idling to run into a school. ers to participate in the lower cantly extend this act. This is certainly a mid- The driver also called his boss so customers could be notified that rates that are now available. dle-class concern, and if the Obama cam- their orders were stolen with the car. SHARE YOUR EXPERTISE In addition, the U.S. paign was all about the middle class, then Police say one of the orders was Department of Housing and hopefully his administration will champion delivered after the car was taken. Professionals interested in Hinds was held on $5,000 bond. contributing a Guest Perspective Urban Development and the extension of this act.• — The Associated Press column to CityBusiness should contact Congress hopefully will pay Editor Greg LaRose at 293-9299 or some attention to the other Robert Nusgart is a loan officer with Mortgage [email protected]. millions of homeowners who Master Inc. www.neworleanscitybusiness.com 22 New Orleans CityBusiness November 16-22, 2012 CONSTRUCTIONCENTRAL

BID TRAX The apparent low bidders on New Orleans-area projects based on bid openings announced in the past week, according to research from The Daily Journal of Commerce, a sister publication of New Orleans CityBusiness.

Project: Construction of the new Rouquette Lodge IV, Mandeville

RENDERING COURTESY HCI DESIGN INC. Owner: Archdiocese of New Orleans Firm: Lincoln Builders, Baton Rouge Bid amount: $7.35 million Opened: Oct. 31

Project: Hurricane Katrina damage repair of the Mardi Gras Fountain, New Orleans Owner: Orleans Levee District, Non-Flood Division Firm: Peabody Construction Co., Harahan Bid amount: $1.19 million Opened: Oct. 31

The New Orleans Redevelopment Authority and Unity of Greater New Orleans are renovating a building at Louisiana Project: Lake Hermitage Bridge replacement, Plaquemines Parish Avenue and South Saratoga Street to use as a supportive housing facility. Owner: Plaquemines Parish Firm: Gulfcon LLC, Belle Chasse Bid amount: $873,118 NORA, Unity start supportive housing center Opened: Nov. 6 Project: William Pitcher Junior High School, Covington, teachers’ lounge and kitchen renovations The New Orleans Redevelopment Authority recently broke Woodward Design+Build is the general contractor on Owner: St. Tammany Parish School Board ground on a project to rehabilitate a Central City building the project. The construction budget is about $6.5 million, Firm: Owen Construction Co., Slidell into a mixed-income complex designed to remedy a chronic and the total development cost is roughly $10.8 million, Bid amount: $337,500 homelessness problem while also providing affordable Haralson said. The project should be complete by August. Opened: Oct. 31 homes for the city’s work force. The building will house homeless tenants and those NORA and Unity of Greater New Orleans, a nonprofit with incomes at or below 50 percent of the area’s median Project: Sewer rehabilitation program, Vintage and Medoc generator coordinating the work of 60 organizations serving the income level. Its upgrade will include using office spaces Owner: City of Kenner homeless, recently marked the beginning of construction for onsite social services as well as property and building Firm: HTE Contractors. Harahan on the property. management staff. Bid amount: $222,524 Jasmine Haralson, director of external affairs for NORA, “Renovation includes a mix of 10 efficiencies and 32 Opened: Oct. 30 said the building at 2101 Louisiana Ave. is a former assist- one-bedroom units,” Haralson said. “The energy-efficient ed living residence that was foreclosed on after Hurricane building will feature a large internal courtyard with a water — Compiled by Becky Naquin, assistant data editor Katrina. It will be rehabilitated and upgraded into perma- feature, a fitness room, a computer lab, a multi-purpose nent supportive housing, affordable rental units linked to room, case management offices, a 24-hour staffed front on-site case management services. desk and security cameras.”

Statistics show that nearly IIff yyourour bbusinessusiness ccouldould uusese a ssuperuper hhero,ero, two-thirds of consumers view Chamber members as more PowerP o w e r UpU p ! credible than non-member businesses.

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 www.neworleanscitybusiness.com New Orleans CityBusiness November 16-22, 2012 23 FOCUS TECHNOLOGY

Trial Tech Local lawyers, courtrooms move slowly into the digital age

By Maria Clark Staff Writer [email protected]

eople used to call attorney Edward plaintiff had given the previous year. The Kohnke the chairman of the boards plaintiff incriminated himself in the video, Pwhen he presented at trial. He could helping Kohnke win his case. hold a jury’s attention as he guided them “It’s like storytelling,” said Kohnke, who through a series of documents he had practices at Preis & Roy. “You want to keep enlarged and organized on display boards your audience captive throughout a com- stat of the week to present his case. pletely choreographed presentation.” In recent years, with the help of consult- While Kohnke has taken the digital ing firms that specialize in trial presentations, leap, he and other lawyers who practice 20,938 the chairman of the boards has gone digital. locally say the transition to paperless trials The number of official requests to While questioning a plaintiff last year, has been slower in New Orleans than in Google for user data from governments Kohnke followed up each question with around the world through the first six digital video segments of a speech the See TRIAL TECH, page 24 months of 2012. It marks a 67 percent increase from the same period it 2009 Source: Google PRINTERS LIST . . Page 25 www.neworleanscitybusiness.com 24 New Orleans CityBusiness November 16-22, 2012 FOCUS Too much tech can be distraction TRIAL TECH made going paperless a little easier for and don’t want to try something differ- continued from page 23 attorneys. They vary in price from $10 to ent,” she said. $90 and are geared to help the user upload, Consumers are accustomed to receiving other markets. But applications have been organize and annotate files for courtroom information quickly and that needs to be developed to assist more tech savvy attor- presentations. “It’s more efficient for the extended to jurors in the courtroom, she neys in their goal to go paperless. attorney, and it really does speed up a trial,” said, adding that the delivery of the infor- Jeff Richardson, an attorney at Adams Richardson said. mation shouldn’t be a distraction. and Reese, was one of the first local attor- In document intensive cases, such as the “You don’t want to have a ‘Star Wars’ pre- neys to start using smartphones to go Gulf of Mexico oil spill case, attorneys sentation, but you have to make your point Courtroom allies paperless at his law firm. He runs a website, more often turn to consulting firms to digi- clear and compelling,” Pennebaker said. Some of the most widely used apps for going www.iphonejd.com, where he offers advice tize and organize documents. Her company works with attorneys paperless and presenting documents in the for attorneys on how they can use the Connie Nichols, owner of DocuSource setting up jury focus groups and mock courtroom: iPhone, iPad and other Digital Consulting, started her business 26 trials to see how different jury members Apple devices to upload years ago and said it has taken nearly 20 react to graphics and other visual compo- TrialPad Document management presentation tool that and organize evidence. years for local courthouses to catch up with nents in the presentation before they are allows attorneys to organize, manage, annotate Richardson said the the technology necessary for multimedia used in an actual trial. and store documents and video. paperless practice in the presentations. Over the past six years, most Kohnke, who has $89.99 for iPad courtroom begins with state and federal courthouses have been worked with both being paperless at the upgraded with video monitors, digital pro- Pennebaker’s firm and Exhibit A Dile management and presentation tool supports office. He tries to follow jectors and wireless Internet access. DocuSource, occasional- file transfer via iTunes, Dropbox Wifi, Email and his own advice but admits Jeff Richardson Although there have been some upgrades to ly misses using display FTP. Includes basic annotation tools. to occasionally relying on Adams & Reese trial software in that time, Nichols said boards. Video monitors $9.99 for iPad physical evidence in the courtroom. much of the technology is the same. in the courtroom can “That reliance can work against you,” “It has taken that long for people to say make it difficult to guide a Documents to Go Edward Kohnke Reader that allows quick transfer of documents he said. “Juries are so conditioned now they are going to start using a computer in Preis & Roy jury’s attention from the from a computer to a handheld device . where everything has to be high tech.” the courtroom,” she said. evidence to the witness $9.99 iPhone, iPad, Blackberry, Android Although he still holds onto some phys- Susan Pennebaker, owner of Pennebaker stand and back to the attorney, he said. ical copies of documents, he uploads every Legal Media Center in Houston, said she “Attorneys have to keep in mind how to Good Reader pleading and motion in a case on his iPad. has had lawyers shy away from her consult- tailor their presentation to their advan- PDF reader for handheld devices. $4.99 for iPad Apps for tablet computers and mobile ing services because they don’t want to tage,” Kohnke said. “The beauty of a digi- devices, such as Trial Pad, Exhibit A, juries to perceive them as rich. tal presentation is that it can help you hit Source: CityBusiness staff research Documents to Go and GoodReader, have “They know what works for them, your mark every time.” •

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Kathy Stewart of Enfield, Ill., looks at a blighted home during an Oct. 2 bus tour of the Upper 9th Ward. Bus Tour Turmoil Not all operators are on board with proposed 9th Ward permits

By Mason Harrison Contributing Writer [email protected]

stat of the week our companies shuttling visitors to the tour industry are wary of the idea. Lower 9th Ward might soon have to pay an “I think this is a slippery slope,” said Isabelle Tadded fee if the city requires them to pur- Cossart, who began Tours by Isabelle in New chase a $350 permit for each tour bus that enters the Orleans more than 30 years ago. “What’s to stop $625.14 still-recovering neighborhood. another neighborhood from saying that it needs Spending average per tourist in New Orleans District E interim Councilman Ernest Charbonnet help to recover from the storm and push for a fee for 2011, when 8.75 million visitors left wants the money to be used for blight reduction and on tour operators? Are we going to have to pay a behind $5.47 billion dollars. general upkeep in the neighborhood, but some in the fee to go into every neighborhood?” Source: University of New Orleans School of Business

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Permit decals are transferrable and laden with taxes and fees necessary to stay September, and there’s But in the view of those expire after a year. Operators, including in business, and the industry is not eager to no indication of when who stand to benefit from Gray Line Tours and New Orleans accept any more even if they benefit a she will issue a ruling. the money the permit Tours, met with Charbonnet in early worthwhile effort. “I don’t know what’s $350 would raise, the city October to discuss the proposal. Andre “More than 3 percent of the first going on over there,” Price per vehicle annually for a should ask businesses for Kelly, a spokesman for Charbonnet, said $100,000 that we earn goes to the Camarabelle said. “I just permit that will allow tour guide a bigger contribution. operators to operate in the 9th 15 tour companies were involved in the Louisiana Public Service Commission,” think things like this take Ward under a proposal from City “I’m not convinced meeting and many agreed to support the she said. “We then have to invest to pur- more money out of tour Councilman Ernest Charbonnet. that what they’re charg- ordinance. chase a certificate of public necessity and operators’ pockets. … The money raised would go ing for these decals is “We explained the rational for the ordi- convenience to work as tour operators, and Property owners should toward blight eradication and enough when you con- nance, and it was clear that the companies then we have to pay $50 each year to have pay for blight.” upkeep in the neighborhood. sider what these tour agreed with our reasoning,” Kelly said. all of our vehicles inspected.” Kelly said the city companies are making,” The proposal is unique in that it is Cossart, whose company offers passen- does all it can to locate said Ward McLendon, intended to help one of the city’s hardest ger van tours of Musicians’ Village in the and, when appropriate, fine property own- executive director the Lower 9th Ward hit neighborhoods come back from levee Upper 9th Ward and other area attrac- ers who have neglected properties. But the Village volunteer coordinating center. failures during Hurricane Katrina, he tions, didn’t know how much revenue her efforts aren’t always successful, and large “I’m also concerned that the contracts to added. firm is required to spend each year to stay portions of the 9th Ward continue to strug- cut grass and other things that will come Proponents of the idea say tour groups in compliance with various state and local gle with abandoned structures and waist- with the money from the decals will not have brought attention to the neighbor- laws. But she describes any new attempt to high grass on untended lots. go to 9th Ward residents who are skilled hood’s plight, but so far that has done little add fees as “ridiculous.” “If the city can’t locate the property and can do the work.” to impact its recovery. James Camarabelle, owner of West Bank- owners, then it needs to find a better and “So far,” he added, “9th Ward residents Cossart said tour operators already are based Cajun Critters Swamp Tours, faster way to sell the property and make have been left out of the process of rebuild- rebuffed the council’s plan as part of a con- the money necessary to care for the neigh- ing this community.” tinuing effort to overregulate the industry. borhood,” Camarabelle said. “They McLendon welcomes the potential for What’s to stop another His business doesn’t offer 9th Ward tours shouldn’t be passing this cost on to tour tourists to bring more revenue to the “ but is among those subject to the city’s tour operators because all it means is that they’ll neighborhood, however, and said tour neighborhood from saying that it guide licensing requirements. Guides for have to raise their prices.” companies can do more to help the area’s tour companies that use buses to shuttle Kelly said the $350 figure for the per- residents bounce back. needs help to recover from guests to and from hotels in the city must mits was determined with input from tour “There’s a new restaurant in the Holy the storm and push for submit to a background check and drug operators and set to keep the price afford- Cross neighborhood called Café a fee on tour operators? testing in addition to passing a history exam. able for companies that will return to the Dauphine,” Kelly says. “While we can’t ” Tour guides and the Institute for area when the proposal is approved and a mandate this, we’d certainly love it if the Justice challenged the regulations in fed- 2006 moratorium on 9th Ward bus tours is tour companies would come by and drop ISABELLE COSSART eral court on the grounds that they vio- lifted. Despite the ban, tour groups have folks off for refreshments and conversation. Tours by Isabelle late the First Amendment. U.S. District continued to operate in the neighborhood These things will go a long way toward Judge Susie Morgan heard the case in with few repercussions. helping this neighborhood recover.” • www.neworleanscitybusiness.com 28 New Orleans CityBusiness November 16-22, 2012 AROUNDTOWN

PEOPLE Facebook in Business from 9 a.m. to noon at The East St. Tammany Chamber of Commerce Banking Shon Baker as director. Slidell Memorial Hospital. Admission is free. For and Slidell Memorial Hospital will host Ochsner Medical Center has hired Whitney Bank has hired more information, visit www.estchamber.com. Business After Hours from 5 to 7 p.m. at the Maria Gutierrez as mort- Drs. Maxime Savard and Fawad Khan hospital, 1495 Gause Blvd. This networking gage loan originator. as physicians. Nov. 17 event will include refreshments and raffles. For more information, visit www.estchamber.com. Education The American Heart Association will host the New Orleans Heart Walk at 8 a.m. at Audubon The University of New Maria Gutierrez Park, Shelter 10. The walk is open to the public. Dec. 6 Orleans has hired James Proceeds will benefit heart disease and stroke The Association for Corporate Growth Payne as provost and vice research and educational programs in the will host its luncheon meeting from 11:30 president of academic Greater New Orleans area. For more informa- a.m. to 1:30 p.m. at the Intercontinental affairs. tion, visit www.americanheart.org. Hotel, Les Continents Room, 444 Saint Shon Baker Maxime Savard Fawad Khan Charles Ave. Following a networking oppor- Energy Nov. 22 tunity, Merritt Lane, CEO of Canal Barge Insurance Laredo Offshore Services Bridge House-Grace House will host its Company, will speak. Admission is free to The Louisiana Mutual has hired Connie Babin as Jianjun Qi annual Thanksgiving dinner from 11 a.m. to 2 members and $50 for non-members. For Insurance Co. has hired sales manager. p.m. at Grace House, 1160 Camp St. more information, visit www.acg.org. Eric Mason as director of Following dinner, clothing will be distributed Engineering business development. from local thrift stores. For more information Dec. 8 Jensen Maritime Consultants or to contribute, call 821-7135. Cross Gates Family Fitness and the East St. Law Eric Mason has hired Jianjun Qi as naval Tammany Chamber of Commerce will host architect. Kelly Duncan, partner at Nov. 28 the Reindeer Run at 8 a.m. on Steele St. The Jones, Walker was elected to the Neel-Schaffer Inc. has The East St. Tammany Chamber of Commerce run will benefit St. Tammany Project Tej Kour International Masters of Gaming Law. hired Tej Kour as sewer will host its Emerging Young Professionals Christmas. Pre-registration is $25 per person. Thomas Shepherd, a partner at Jones engineer. quarterly luncheon from 11:30 a.m. to 1 p.m. at For more information, visit www.cross- Walker, was elected to the International Mi Patio, 2170 Gause Blvd., Slidell. Ryan Lowe gatesclub.com or call (985) 643-3500. Financial services Association of Gaming Advisors. will be the guest speaker. For more information, Baker, Donelson, Bearman, Caldwell & MassMutual’s Steven visit www.estchamber.com. Dec. 9 Fisher has earned the char- Berkowitz has hired Joseph The Commercial Investment Division of the New Atiyeh and Joseph Green tered special needs consul- The New Orleans Chamber of Commerce will Orleans Metropolitan Association of Realtors will as associates in the advoca- tant designation. host Chamber After 5 at Rubensteins, 102 St. host Canal Street Race for CrimestoppersGNO Steve Fisher cy department. Charles Ave., from 5:30 to 7:30 p.m. The net- at 8:15 a.m. at City Park. For more information, Phelps Dunbar has working event will include hors d’oeuvres, visit www.crimestoppersgno.com. hired Alexis Butler as a complimentary drinks and door prizes. labor and employment Admission is free for members and $10 for The Junior Auxiliary of Slidell will host its practice associate. Alexis Butler non-members. For more information, visit annual Tour of Homes from noon to 4 p.m, Real estate www.neworleanschamber.org. featuring some of the best decorated homes in the Slidell area. Admission is $20, with pro- Phoebe Whealdon of The West St. Tammany Chamber of ceeds benefitting projects that assist children. Marie Growden Ken Tabony Janna Jackson Coldwell Banker has com- Commerce will host its annual business appre- For more information, visit www.jaslidell.org. pleted the Realtor e-Pro ciation luncheon from 11:30 a.m. to 1p.m. at course through the the Clarion Inn & Suites Conference Center, The West St. Tammany Chamber of Commerce National Association of 501 N. Highway 190, Covington. Admission will host the Northshore Rising Professionals’ Realtors. Phoebe Whealdon is $30 for members and $35 for non-members. Christmas Party from 6 to 9 p.m. at K. Gee’s Gardner Realtors has hired For more information, visit www.sttammany- Restaurant, 2534 Florida St. in Mandeville. This Gwen Doll as agent in its chamber.org or call (985) 273-3008. networking event will include drink specials and Uptown office. an ugly sweater contest. For more information, Nov. 29 visit www.sttammanychamber.org. William Justin Tassin Gary Smith Technology Cunningham The East St. Tammany Chamber of Commerce Bellweather Technology will host Business After Hours from 5 to 7 p.m. has hired Joey Coakley as PERMITS at Reine Diamonds & Fine Jewelry, 1736 Gause senior systems engineer, Gwen Doll Blvd., Slidell. This networking event will The following are the top residential and commercial permits Michael Leach as communi- include refreshments and a raffle. For more awarded for parishes in the New Orleans area in the week prior to cations manager and Corbett Simons as Nov. 2. Commercial permits valued at $100,000 and more and information, visit www.estchamber.com. director of managed services. residential permits valued at $50,000 and more are listed. Nov. 30 Jefferson Parish Alton Johnson Melanie Maurin Harold The Louisiana State Bar Association will host TOP COMMERCIAL PERMITS Marchand the annual Class Action/Complex Litigation $840,000, 2932 Highway 90, Westwego, 3D-Development continued on page 29 General business Symposium from 8 a.m. to 5 p.m. at The Ritz- Carlton Hotel, 921 Canal St. Mark Geragos Patriot Title has promoted Marie Growden and Mark Lanier will be keynote speakers. For Send us your people news to closing supervisor. more information, visit www.lsba.org or call CityBusiness welcomes submissions for the US Risk Management has hired Ken Joey Coakley Michael Leach Corbett Simons 691-0137. Tabony as safety services manager. “People,” “FYI” and “Calendar” sections. Solutient has hired Janna Jackson as To be considered for inclusion in a coming issue, Dec. 5 information must be received in the CityBusiness grant accountant. CALENDAR The Hammond Chamber of Commerce will The Magnolia Cos. of Louisiana has pro- editorial office 10 days prior to the anticipated host Ham’nd Eggs from 7:30 to 9 a.m. at publication date. Submissions, including moted William Cunningham to vice presi- Nov. 16 Cypress Pointe Surgical Hospital, 42570 photographs, are published subject to space dent of operations, to vice presi- Justin Tassin The Jefferson Chamber of Commerce will host Airport Road. This breakfast networking event availability. Color photos submitted by email dent of maritime operations, Gary Smith to its Mayors’ Luncheon from 11:30 a.m. to is open to the public. For more information, should be a head shot in jpeg format, with vice president of acquisitions and investments, 12:30 p.m. at the Royal Palm, 1901 Manhattan visit www.hammondchamber.org. measurements of 3x3 and 200 DPI. The return of Alton Johnson to vice president of customer Blvd., Harvey. The luncheon is open to the photos cannot be guaranteed. Please direct all sub- relations, Melanie Maurin to executive direc- public. Admission is $35 for members and $45 The New Orleans Chamber of Commerce missions to Around Town, CityBusiness, 3445 North tor of corporate finance, and Harold for non-members. For more information, visit will host a business lunch featuring Mayor Causeway Blvd., Suite 901, Metairie, LA 70002. Marchand to human resources director. www.jeffersonchamber.org or call 835-3880. Mitch Landrieu from 11 a.m. to 1 p.m. at Submissions may be emailed to: Duncan Brown at [email protected]. Health care the Hyatt Regency, 601 Loyola Ave. For The East St. Tammany Chamber of Commerce more information, visit www.neworlean- All photo attachments and submissions must The Touro Infirmary Foundation has hired will host Effective Techniques for Using schamber.org or call 799-4260. include the subject’s name. www.neworleanscitybusiness.com New Orleans CityBusiness November 16-22, 2012 29

AROUNDTOWN continued from page 28 EDITORIAL

$467,000, 1512 Jefferson Highway, New Orleans, Ochsner Health Systems $450,000, 209 Concourse C, Kenner, Armstrong International Airport CALENDAR $450,000, 313 Veterans Memorial Blvd., Metairie, 2121 Borders 20132013 $370,000, 918 Edwards Ave., Harahan, Reinhart Food Service $209,000, 2350 Park Place Drive, Gretna, Cedarwood Apartments $183,000, 6121 River Road, Avondale, Archdiocese of New Orleans $130,000, 4045 Williams Blvd., Kenner, Jack Carbonnet

TOP RESIDENTIAL PERMITS JANUARY FEBRUARY MARCH $60,000, 3517 8th St., Metairie, Vanessa Marcello Accounting Health Care Banking/Financial Services 4 1 List: Mental Health Care Facilities 1 List: Mortgage Companies Orleans Parish List: Accounting Firms TOP COMMERCIAL PERMITS Education Real Estate Technology $200,000, 1820 Calhoun St. 11 List: Two-Year Colleges 8 8 List: Telephone/ $170,000, 4601 Dryades St. List: Residential Real Estate Companies List: Health & Fitness Centers Telecommunications Companies $162,000, 1226 S. Carrollton Ave. $149,000, 1100 Poydras St., Christie Bowling Law Firms Top Private Companies $100,000, 115 Decatur St. Banking/Financial Services 15 List: Court Reporting Firms 15 List: Private Companies 18 List: Stock & Bond Brokerage Firms TOP RESIDENTIAL PERMITS Education $400,000, 6224 Canal Blvd. Energy Insurance/Investments 22 List: Private Elementary Schools $340,000, 5831 Memphis St. 25 List: Oil & Gas Production Companies 22 List: Property & Casualty Insurance Agencies $228,000, 2213 & 2215 Valmont St., Christopher Hammond Ports & Transportation $251,000, 3500 Rue Michelle 29 List: Custom House Brokers/Freight Forwarders $217,000, 240 Hay Place, Roland Hummel $150,000, 536 Dumaine St. Health Care Annual March 29 $140,000 each, 1300 Rivieria Ave. & 5222 Cartier Ave. $130,000, 7191 Ridgefield Drive, Irma Addison APRIL MAY JUNE $130,000 each, 7583 & 7587 Forest Glen Road, Tommy Oneal $130,000, 4611 Rosalia Drive Health Care Construction Health Care 5 List: Acute Care Hospitals 3 List: Landscape Contractors 7 List: HMOs/PPOs & Point of Service Plans St. John Parish Fastest Growing Companies TOP RESIDENTIAL PERMITS Real Estate Real Estate 12 List: Architectural Firms 14 List: Largest Office Buildings $298,000, 769 Emma Drive, Reserve Banking/Financial Services $240,000, 188 Riverlands Drive, LaPlace Law Firms - In House Counsel 10 List: Banks/S & L Directors Public Companies 19 21 List: Public Companies St. Bernard Parish List: Law Firms 17 Insurance/Investments TOP RESIDENTIAL PERMITS Jefferson Parish List: Life Insurance Agencies Law Firms $60,000, 1941 Todd Drive, St. Bernard, Bergeron Marine Service 28 26 Business Report 24 Education List: Independent Caterers St. Tammany Parish List: SBA Lenders List: Four-Year Colleges Construction TOP COMMERCIAL PERMITS North Shore $450,000, 6061 Pinnacle Parkway, Covington Homebuyerʼs Guide April 5 Business Report

TOP RESIDENTIAL PERMITS Dining & Catering $600,000, 2241 Sunset Blvd., Slidell, Hoang Dang 31 List: French Quarter Hotels $459,000, 612 Bocage Court N., Covington, Brett Henry $392,000, 460 N. Corniche du Lac, Covington $330,000, 479 Clayton Court, Slidell JULY AUGUST SEPTEMBER $280,000, 22576 Lowe Davis Road, Covington, William Childre Accounting/Small Business Health Care Holiday Party Planning $262,000, 394000 Lincoln Road, Slidell, Edwin Favre 5 List: Highest Paid Public Company Executives 2 List: Diagnostic Imaging Centers 6 List: Largest Hotels $175,000, 120 Coushatta Circle, Madisonville $130,000, 700 Block Mirabella Lane, Covington Construction $130,000, 164 Faye Daye Drive, Madisonville Banking/Financial Services Real Estate 13 List: General Contractors 12 9 List: Commercial Leasing Companies $109,000, 103 Palm Beach Blvd., Madisonville List: Credit Unions 20 Education Energy Law Firms List: Private Secondary Schools 19 16 List: Highest Paid Executives in State Construction permits weekly List: Engineering Firms Government Banking/Financial Services 27 List: Savings & Loans The following is a breakdown of commercial and residential Technology Insurance/Investments construction permits for parishes in the New Orleans area, 26 List: Computer Hardware Retailers 23 List: Best Restaurants with a focus on commercial projects valued at more than Health Care Trends Sept. 27 $100,000 and residential projects more than $50,000. The data is for the week prior to Nov. 2. Ports & Transportation 30 List: Deep-Draft Ports Commercial permits Parish Value Units Average Book of Lists Jefferson $3.1million 8 $387,375 Orleans $781,000 5 $156,200 St. Tammany $450,000 1 $450,000 OCTOBER NOVEMBER DECEMBER Residential permits Real Estate Insurance/Investments Real Estate Parish Value Units Average 4 List: Commercial Property Managers 1 List: Title Companies 6 List: Warehouse Space Jefferson $60,000 1 $60,000 Corporate Gift Guide Orleans $3.7 million31 $120,645 North Shore Energy St. Bernard $60,000 1 $60,000 Business Report 8 List: Oil & Gas Production Companies Advertising Section St. John $538,000 2 $269,000 St. Tammany $3.5 million 18 $196,333 Health Care Technology Health Care 11 List: Women Owned Businesses 13 List: Employment Agencies Source: Treen Report 15 List: Printers Jefferson Parish Law Firms Business Report Banking/Financial Services 20 List: Shopping Centers 22 List: Banks Construction permits year-to-date Law Firms 18 List: Law Firms Year In Review The following is a breakdown of commercial and residential Ports/Transportation 27 List: Seafood Supplies construction permits for parishes in the New Orleans area, Dining & Catering 29 List: Steamship Agencies with a focus on commercial projects valued at more than 25 List: Louisiana & Gulf Coast Casinos $100,000 and residential projects more than $50,000. The Accounting data is for the week prior to Nov. 2 Real Estate Trends November 29 Commercial permits Parish Value Units Average Jefferson $131.6 million 209 $629,665 Orleans $493.6 million 370 $1.33 million

Residential permits Parish Value Units Average Jefferson $ 40.76 million 207 $196,908 Liz Baldini Cassie Foreman Jennifer Forbes Coco Evans Judd Jaclyn Meith Orleans $336.3 million 2,024 $166,156 293-9213 293-9222 293-9731 293-9288 293-9229 St. Bernard $1.68 million 19 $88,421 [email protected] [email protected] [email protected] [email protected] [email protected] St. John $4.8 million 25 $193,520 Source: Treen Report www.neworleanscitybusiness.com 32 New Orleans CityBusiness November 16-22, 2012

PPUBLISHER’SUBLISHER’S NOTICE:NOTICE: AllAll realreal estateestate advertisedadvertised hereinherein isis subjectsubject toto thethe FederalFederal FairFair HousingHousing AceAce andand thethe LouisianaLouisiana OpenOpen HousingHousing Act,Act, whichwhich makemake itit illegalillegal toto advertiseadvertise anyany preference,preference, limitation,limitation, oror discriminationdiscrimination becausebecause ofof race,race, color,color, religion,religion, sex,sex, handicap,handicap, familialfamilial status,status, oror nationalnational origin,origin, oror intentionintention toto mmakeake anyany suchsuch preference,preference, limitation,limitation, oror discrimination.discrimination. WeWe willwill notnot knowinglyknowingly acceptaccept anyany advertisingadvertising fforor rrealeal eestatestate wwhichhich iiss iinn vviolationiolation ofof thethe law.law. 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F-FAXAX ((504)504) 4459-815959 8159 O [email protected]@gnofcu.com MMILLERILLER HOMEHOME MORTGAGE,MORTGAGE, LLCLLC 3.3.125%125% 2.2.75%75% 55- yr-yr 2%2.625%.62 5 3.3.25%25% WithWith 1919 yearsyears experienceexperience youyou willwill alwaysalways speakspeak RRossoss L.L. MillerMiller ppts.ts. 0 ppts.ts. 0 pts.pts. 0 pptsts 0 withwith aann eexperiencedxperienced pprofessionalrofessional loanloan officer.officer. WeWe (-(888)888) 2277-030677 0306 LLIPIP 4455 LLIPIP 4545 LIPLIP 4545 LLIPIP 4455 offeroffer conventional,conventional, FHA,FHA, VAVA andand RuralRural R (-(504)504) 4455-700255 7002 AAPRPR 33.398%.398% AAPRPR 33.127%.127% CAPS- 1st 5 AAPRPR 44.102%.102% DevelopmentDevelopment loans.loans. ManyMany ofof ourour loansloans closeclose withwith F-FAXAX ((504)504) 4455-372255 3722 Annual.Annual. 2 electronicelectronic signaturessignatures andand youyou cancan closeclose atat youryour LifeLife 5 locationlocation oror oursours onon refinances.refinances. WeWe areare licensedlicensed inin AAPRPR 33.025%.025% LLAA & TX.TX. T wwwww.millerhomemortgage.comw.millerhomemortgage.com PPREMIERREMIER LLENDINGENDING 3.3.125%125% 2.2.375%375% JJumboumbo 3300 yyearear 3.3.250%250% • A llocalocal lenderlender withwith overover 1515 yearsyears ofof service.service. JJamesames TTalbotalbot ppts.ts. 1 pts.pt1ts. 1 33.625%.625% ppts.ts. 0 • GGetet tthehe sstraighttraight talktalk thatthat youyou deserve.deserve. (-(504)504) 8888-410488 4104 LLIPIP 3030 LIPLIP 3030 ppts.ts. 1 LLIPIP 3030 • wwwwww.PremierLending.org.PremierLending.org F-FAXAX ((504)504) 8888-410988 4109 AAPRPR 33.395%.395% AAPRPR 22.708%.708% LLIPIP 3030 AAPRPR 44.178%.178% G AAPRPR 33.881%.881% WWHITNEYHITNEY BBANKANK 3.3.25%25% 2.625%2.625 % 3.3.125%125% • 3300 yyearear aandnd 1155 yyearear cconventionalonventional ratesrates includeinclude YYvonnevonne MarinovicMarinovic ppts.ts. .375.375 pts.pts. .125.125 ppts.ts. 0 11%% origination.origination. (-6(504)504) 8838-630038 300 LLIPIP 4545 LIPLIP 4545 LLIPIP 4455 • GovernmentGovernment rrateate DDOESOES NNOTOT includeinclude anan A F-FAXAX ((504)504) 8849-673649 6736 AAPRPR 33.475%.475% A%APRPR 22.99%.99 APR 4.4.048% 048% origination.origination. AttentionAttention AllAll LoanLoan & MMortgageortgage CCompaniesompanies G IfIf youryyoour companycompannyy iiss interestedinterested inin participatingparticipating oror toto answeranswweer anyannyy questionsquestions youyyoou maymaayy have,haavvvee, pleaseplease contactcontact JaclynJaclyynn MMeitheith [email protected]@nopg.com • ((504)504) 2293-922993-9229 • ((FAX)FFAAAXX) 832-3534832-3534 RatesRates listedlisted inin thethe aboveabove advertisementsadvertisements areare basedbased onon a creditcredit scorescore ofof 740,740, andand a loanloan ofof $200,000,$200,000, withwith a loanloan toto valuevalue ofof 8080% forfor conventionalconventional financingfinancing andand 96.5%96.5% forfor FHAFHA financing.financing. 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--Business Marketplace -

EMPLOYMENT New Orleans CityBusiness is looking for an experienced journalist to lead our online efforts. The ideal candidate will have a background in reporting, editing and packaging content for the web and email newsletters. ST.BERNARD EDF We want to do more than simply duplicate our newspaper stories. Our goal is to provide a unique product to our Economic Development Foundation Open Executive Director Position growing base of website and email subscribers, so you'll be be asked to keep our operation on the forefront of online development. You'll also be asked to manage a team of reporters and steer their online efforts under the guidance of Seeking individual with managerial the editor in chief. experience. Emphasis on marketing If you're at all familiar with our news market, you know that change is in the air. We're not standing still while it and communication skills. happens around us, so we're looking for someone who will work to distinguish us as the region's business news Deadline to apply: November 30, 2012 leader.

For details visit our website: Social media experience is desired as it pertains to news gathering and audience development, and videography and www.Stbernardforward.org video editing experience are favored to add multimedia content to our online coverage. or Call 504-376-3701; 504-277-4009 Please send an original cover letter telling us why you're the best fit for this position and why this is the right move for your career. Also be sure to include your resume and links or attachments showing samples of your work. No phone calls please. [email protected] www.neworleanscitybusiness.com New Orleans CityBusiness November 16-22, 2012 33 COMMERCIAL PROPERTY GUIDE

METAIRIE To Place Your Ad in the TOWER REALTY COMMERCIAL Select Properties, Ltd. FOR LEASE OFFICE SPACE 3421 N. Causeway Blvd. 504-828-9700 PROPERTY GUIDE 3748 N. Causeway Blvd Borders Retail Center REGIONS BANK TOWER Call 3131 Veterans Highway, Met. 3525 N. Causeway Blvd. Excellent Corner Location $12.95 sq. ft. JENNIFER Riverside Office Buildings I & II Minutes to Airport and including daily janitorial, FORBES 6660 & 6620 Riverside Dr., Met. Downtown NOLA utilities, full service Available up to 2,500 sq.ft. 1,000 – 6,000 SF Available A Full Service Bank and Sandwich 504-293-9731 Shop onsite 1,914 sq. ft. Causeway Highrise Standard ad size: 3421 N. Causeway Blvd., Met. 2,057 sq. ft. COLDWELL BANKER/GEICO 1 column x 2” Available up to 9,800 sq.ft. BUILDING 3,971 sq. ft. 4051 Veterans Blvd. Ad runs for 12 consecutive Ronnie R. Rauber, CPM® Excellent Veterans Location Corporate Realty, Inc. weeks (504) 833-4494 Surplus of Parking c: (504) 915-3689 Colleen K. Berthelot Total cost = $450. Minutes to Lakeside Mall, 3304 West Esplanade North, Metairie [email protected] Downtown & Airport 504-581-5005 Ads are prepaid Between N. Causeway and Severn 2000 sq ft available Overflow parking

Pam Burck 504-834-2722 Miller Richmond [email protected]

PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Ace and the Louisiana Open Housing Act, which make it illegal to advertise any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or intention to make any such preference, limitation, or discrimination. We will not knowingly accept any advertising for real estate which is in violation of the law. For more information, call the Louisiana Attorney General’s Office at 1-800-273-5718.

P SKYE & SUSAN PRICE Shotgun Realtor GRI, ABR, CRS Let Us Be Your Real Estate Team R 504.388.7593 OR 504.908.3317 3966 Laurel St. (504) 866-2785 (Office) [email protected] (504) 581-5263 (Home) E 5319 S. Liberty (504) 450-1904 (Cell) Sale Pending Location! Lovely raised cottage [email protected] with wonderful porch. Beautiful S architectural details including wood floors with mahogany inlay and crown moldings. Merritt Lane, BRC Nickie Lane T Large rooms, 12'ceilings and • Superstar Team • 26 years licensed • Commercial Real lots of light throughout. Any 2004, 2005, 2006, real estate agent Estate, Office Leasing, Sales chef would love the spacious 2009, 2010 & property management. gourmet kitchen with stainless Shotgun single with deep 161' lot and fenced yard, ideal • 47 years acquiring/ I steel counter tops. Rear deck for a contractor or first time buyer. Fixer-upper can be • Life Member of Top of the managing real estate & • 2009 #1 Superstar Team, overlooks the lush landscaped considered as a 2 bedroom if you use sunroom or sitting Latter Club investment property. 2010 #2 Superstar Team yard and brick patio. Off street room. Amenities include a security system, porch/patio, G parking. Freshly painted exterior! washer and dryer, dishwasher, refrigerator. The nearest • Life Member Million $ Club. • 2002-2011 Sales $150+ Million schools are Nelson Elementary School, and Sophie B. WE ARE FIRST RESPONDERS FOR Gardner Realtors Wright Inst. Of Academic Excellence. $249,000 REAL ESTATE! TRY US! Each ERA Real Estate Powered Company is Independently Owned and Operated. 1820 St. Charles Ave. • New Orleans, LA 70130 504-891-6400 • [email protected] E 1022 Jefferson Avenue • P R E V I Wonderful light filled home on well landscaped park like grounds w/drive, garage, covered entertainment area, & pond. Great room across rear w/fab attached deck w/outdoor cook/bar area w/stone counter. Pine floors, nice detail, flexible plan. Master has private bath & porch. 3 addt'l bdrms + bth off of large central space w/vaulted E ceiling. Living area includes 2 super totally separate/private 2bdrm, 1bth ground flr apts(great ceiling height). $1,260,000 W www.neworleanscitybusiness.com 34 New Orleans CityBusiness November 16-22, 2012

PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Ace and the Louisiana Open Housing Act, which make it illegal to advertise any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or intention to make any such preference, limitation, or discrimination. We will not knowingly accept any advertising for real estate which is in violation of the law. For more information, call the Louisiana Attorney General’s Office at 1-800-273-5718.

P 1907 PALMER • $4,100,000 Brooke Arthurs 217 AUDUBON BLVD. • $3,420,000 N.O. Top Agent for 2000 - 2011 FOR SALE NOW!!! 5239 Marcia Ave. $ 729,000 704 Webster $ 795,000 217 Audubon Blvd. $3,420,000 Beautiful R 1527 Washington Ave. $1,595,000 402 Felicity $ 545,000 10 Nassau Dr. $2,800,000 1907 Palmer Ave. $ 4,100,000 3721 St. Charles Ave. Unit 6A $ 880,000 41 Versailles Blvd - SOLD $ 590,000 70 Versailles - SOLD $ 310,000 13 Nassau Dr. - SOLD $1,575,000 E 405 Audubon - SOLD $ 685,000 5014 Laurel St. - SOLD $ 535,000 621 Arabella - SOLD $ 849,000 Magnificent stone mansion in magnificent condition! Spacious 5914 Coliseum - SOLD $ 835,000 Spectacular property on magnificent 150' x 155' landscaped lot formal rooms, solarium overlooking side garden, exceptionally 303 Audubon St. - SOLD $ 788,000 w/great parking & a beautiful four bedroom house in perfect con- 625 St. Charles Ave. PHA -SOLD $ 1,675,000 large den, glass walled dining room w/slate floors overlooking the 5508 Hurst St. - SOLD $1,549,000 dition - Large gracious rooms full of light from Palladian style win- large backyard & pool -Gorgeous wood paneled library - Fabulous 1444 Henry Clay - SOLD $2,600,000 dows and gorgeous wood & tumbled marble floors - Fab kitchen S kitchen & breakfast room - 2nd floor has 5 large bdrms including 6035 Laurel St. - SOLD $ 948,000 Direct: 259-8311 leads to great den both of which overlook the pool & covered porch a fabulous master suite w/great closet space. 3rd flr guest suite - 6021 Constance St. - SOLD $ 695,000 Office: 866-2785 - Great sunroom, breakfast rm & study - Upstairs has lovely master Gorgeous property - Impeccable condition. Each ERA Real Estate Powered Company is Independently Owned and Operated. suite plus 3 other bdrms & 2 bths - This is a real beauty!

T 2139 Esplanade • $1,200,000 Lights! Camera! Action! This Grand Dame is ready for her closeup! Zoom Specialists in Country Properties in on this Greek Revival style townhouse. Built in the 1830's. P.O. Box 1244, Folsom, LA • www.smithandcore.com Most architectural details in tact. Double gallery with detailed I columns. Lush double sized lot 10 Swan SOLD...... $1,300,000 6300 Colbert St. SOLD...... $419,000 1429 Jackson Ave...... $1,098,000 4 Stilt SOLD...... $415,000 offers privacy and a sense of place. 500 Audubon SOLD...... $998,000 4440 Bienville SOLD...... $399,000 Double parlors plus expansive dining 22 Farnham SOLD...... $950,000 915 Cadiz SOLD...... $396,000 room exudes style and distinction. 1566 Calhoun SOLD ...... $875,000 422 Henry Clay ...... $378,000 Three apartments incorporated into 5111 Pitt SOLD...... $749,000 5828 General Diaz SOLD.....$349,000 house can be income producing. 1240 Eighth SOLD...... $725,000 4701 Iberville SOLD ...... $335,000 Like all aging starlets, needs love. G 1130 Cadiz SOLD...... $649,000 7705 Hampson SOLD...... $333,000 6308 Camp SOLD ...... $549,000 817 Aline SOLD ...... $329,000 AM S EATURED 4737 Baronne SOLD...... $549,000 7400 Cohn...... $289,000 S ’ F 924 Bellecastle SOLD ...... $485,000 612 Gen. Taylor SOLD ...... $289,000 PROPERTIES FOR SALE 234 Audubon St...... $479,000 8533 Freret ...... $287,000 Exquisite home on 50 park like acres on Bogue Falaya 1117 Pine SOLD...... $475,000 2619 St. Charles Unit C ...... $219,000 2139 Esplanade $1,200,000 5120 Chestnut SOLD...... $439,000 7008 Pritchard Pl ...... $194,000 River in Folsom. This home is full of design, style, and unique architecture. Features 8400 square feet of living 512 Wilkinson Row $445,000 E space, 5 bedrooms, 4.5 full baths, pool and outdoor kitchen. 1115 Prytania Unit 303 $355,000 David Holloway • 985-320-8173 office 985-796-0300 • [email protected] 1119 Dauphine #6 $339,000 824 Burgundy #5 $275,000 8005 PLUM • Letty Rosenfeld, GRI, CRS 919 St Philip #6 SALE PENDING $204,000 Honored by the New Orleans Metropolitan Association of Realtors as a 421 Burgundy #1 $180,000 Top Ten Producer every year from 1998 through 2011. 421 Burgundy #3 $180,000 Life Member Million Dollar Club with over 20 years experience. 812 Esplanade #5 $159,000 Charter Member Latter & Blum’s “Top of the Latter” Club New Listing! P 1233 Esplanade #3 SALE PENDING $140,000 Specializing in Uptown, Lakefront and 1233 Esplanade #16 NEW PRICE $137,500 Old Metairie Properties 1608 N. Broad $82,500 R FQR’s For more 2011 information, Cell 236-6834 contact Top Producer Office 866-2785 Beautiful Uptown Victorian near Carrollton Ave on the French Quarter Realty corner of Short. Fabulous wrap-around porch, 10.5 foot SAMARA D. POCHÉ ceilings. Gorgeous architectural details- wood floors, wilkinson & jeansonne E e-mail: [email protected] direct. 504.319.6226 since 1965 fireplaces, millwork, crown molding, detailed windows. e-mail. [email protected] www.frenchquarterrealty.com Kitchen has granite counters, island, and charming 504.949.5400 Website: www.lettyr.com www.SamPocheSells.com 1041 Esplanade Ave. New Orleans, LA breakfast room. 4 bedrooms, 3.5 baths, 3100 sq ft. $525,000 Latter & Blum, ERA Powered is Independently Owned & Operated. V

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W www.neworleanscitybusiness.com New Orleans CityBusiness November 16-22, 2012 35

PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Ace and the Louisiana Open Housing Act, which make it illegal to advertise any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or intention to make any such preference, limitation, or discrimination. We will not knowingly accept any advertising for real estate which is in violation of the law. For more information, call the Louisiana Attorney General’s Office at 1-800-273-5718.

YOUR EXQUISITE HOME IS WAITING FOR YOU AT P WWW.TRICIAKING.COM 2425 St. Thomas - Irish Channel ...... $265,000 21 Audubon Blvd...... $749,000 6401 Fontainebleau Dr - NEW PRICE!...... $820,000 1002 Bienville Unit 2 ...... $350,000 20 Arbor Circle “The Arbors”...... $65,000 - VACANT LOT! 120 Rosewood Drive...... $495,000 - UNDER CONTRACT 1027-25 Crete Street ...... $249,000 - SOLD! R 474 Pine St...... $589,000 - SOLD! 2232-34 Pine St. - Duplex...... $229,000 - SOLD! 2401 Broadway St...... $459,000 - SOLD! 2409 Audubon St...... $445,000 - SOLD! 2237 Audubon St...... $429,000 - SOLD! 920-922 Toledano ...... $315,000 - SOLD! 2523 Audubon St...... $299,000 - SOLD! 4427 St. Charles Ave. “The Gates”...... $285,000 - SOLD! E Tricia King Gardner Realtors 504-722-7640 Specializing in Luxury, Historic and Investment Real Estate S Call me to find out how our exclusive marketing tools can benefit you. (504) 722-7640 T

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• Stevietevie MMaack CCreatingreating a HHigherigher SStandardtandard ooff EExcellencexcellence iinn RRealeal EEstatestate ##11 GreaterGreater NNewew OOrleansrrlleans aarearea TToTopop PProducerroducer asas recognizedrecogniizzed inin CityBusinessCittyyBusiness forffoor 2006-20092006-2009 985.630.193499888555..66330.19933344 985.630.910199888555..66330.9101 1151 North Causeway Blvd. oorr ##11 St.Stt.. TammanyTTaammannyy ParishParriiissh SalesSales 2002-20102002-2010 MMandeville,andeville, LALA 7047170471 [email protected]@@llaatttterrbblum.com OOffice:ffice: 985.626.5687985.626.5687 BBobob Mack,MMaackk,, CharlotteCharrllotte BordelonBorrddelon & DanielleDanielllee FournierFFoourrnnier wwww.Sww.StevietteevieMMaackk..nnetet P CALLCALL SSTEVIETEVIE MACKMACK FORFOR YOURYOUR REALREAL ESTATEESTATE NEEDSNEEDS

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E 108 E. 15th Ave. / Covingtong 714 Tete L’Ours / Mandeville 620 Windermere Chase West / Madisonville 501 E Guidryy St. / Covingtong BBeautifuleautiful hhomeome ssituatedituated oonn 2 lotslots OOnn tthehe ggolfolf ccourseourse iinn BeauBeau CheneChene SubdivisionSubdivision SSpectacularpectacular ccustomustom bbuiltuilt homehome onon 2 lotslots inin FFabulousabulous hhomeome nnestledestled oonn aann ooversizeversize iinn tthehe hhearteart ofof ooldld CovingtonCovington PPrestigiousrestigious WWindermereindermere SSubdivisionubdivision llotot iinn tthehe hhearteart ofof oldold CovingtonCovington LatterLatter & Blum,Blum, ERAEERRRAA PoweredPowweered isis IndependentlyIndependentllyy OwnedOwwnned & Operated.Operraated. V 2334-36 St. Thomas Street FOR SALE CLIMATE CONTROLLED WAREHOUSE I

LAND ON WOLF RIVER Beautiful makeover, charming home located in the Irish Channel. Great for owner occupant! Let the tenant unit rented at $800 per month assist with the note. 2636 Edenborn, Metairie, LA 70002 -197 beautiful high rolling acres with over a mile of Home features: refinished wood floors, exposed brick chimneys, granite, central E • Located just off Veterans Blvd. • Approx. 3,000 SF of offi ce space frontage on the Wolf River above Pass Christian. air & heat, security system, storage shed, recessed lighting, indoor laundry and behind Lowe’s • Great location much more! The owner’s unit includes: stainless appliances, island, bar counter, • Approx. 31,710 SF of land • Building is in excellent condition -Gorgeous hardwoods, fauna, flora and wildlife. • Approx. 22,000 SF of climate • Zoned BC-2 new downstairs bath room, open floor with separate bedrooms. controlled warehouse • Can be used as retail, office, warehouse, etc. -15 minutes to harbors, good restaurants and casinos. 2336 unit 3 bedrooms and 2 full baths. 2334 unit 1 bedroom and 1 full bath. For further information please contact: -Large sandbars on river and 6 acre pond for recreation. SERINO REALTY GROUP, LLC -Spectacular property for family compound or development. Patrice J. Serino, Realtor 600 Carondelet St., Suite 609, New Orleans, LA 70130 -One hour from New Orleans. No water in Katrina. W 504-581-1111 504-427-8710 Lindsey Randon - ext. 27 • Cell: 504-231-7217 The information included herein, is deemed Email: [email protected] Don Randon - ext. 21 • Cell: 504-231-7213 reliable but not guaranteed and should be 3/8/12 Licensed in Louisiana independently verified. September 18,2012 Priced well below market 228-234-2838 The above information was obtained from sources believed to be accurate but is not warranted by Don Randon Real Estate Inc. And to all a good offer. The Mercedes-Benz Winter Event.

The 2013 C250 Sport Sedan Whether you’ve been naughty, nice or somewhere in between, * $349 the Mercedes-Benz Winter Event offers the perfect holiday gift. FOR A 30 MONTH LEASE ** Like the thrilling 2013 C-Class; the safe, secure M-Class; the $349 FIRST MONTH’S PAYMENT % APR 2.49 FOR 24 TO 36 MONTHS $2,999 CAPITALIZED COST REDUCTION newly refi ned GLK or the revolutionary E-Class. Visit your authorized $795 ACQUISITION FEE $4,143 CASH DUE AT SIGNING dealer today, and give your holidays a storybook ending. Hurry, these offers end soon. MBUSA.com/WinterEvent Offer Ends Soon

Mercedes-Benz of New Orleans 3727 Veterans Memorial Blvd., Metairie, LA•(504) 456-3727

* Available only to qualifi ed customers through Mercedes-Benz Financial Services at participating dealers through November 30, 2012. Not everyone will qualify. Advertised 30 month lease payment based on MSRP of $38,755 less a suggested dealer contribution resulting in a total gross capitalized cost of $37,265. Dealer contribution may vary and could affect your actual lease payment. Includes destination charge, automatic transmission and Premium 1 Package. Excludes title, taxes, registration, license fees, insurance, dealer prep and additional options. Total monthly payments equal $10,470. Cash due at signing includes $2,999 capitalized cost reduction, $795 acquisition fee and fi rst month’s lease payment of $349. No security deposit required. Total payments equal $14,264. At lease end, lessee pays for any amounts due under the lease, any offi cial fees and taxes related to the scheduled termination, excess wear and use plus $0.25/mile over 25,000 miles and a $595 vehicle turn-in fee. Purchase option at lease end for $25,966 plus taxes (and any other fees and charges due under the applicable lease agreement) in example shown. **Rate applies only to select Mercedes-Benz Model Year 2013 vehicles. 2.49% APR fi nancing for 24 months at $42.76 per month, per $1,000 fi nanced or 2.49% APR fi nancing for 36 months at $28.86 per month, per $1,000 fi nanced. Excludes leases and balloon contracts. Must take delivery of vehicle by November 30, 2012. Not everyone will qualify. ©2012 Authorized Mercedes-Benz Dealers For more information, call 1-800-FOR-MERCEDES, or visit MBUSA.com.