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re: A debt 'time bomb' looms for New Orleans' downtown office market
Posted on 3/21/24 at 8:11 am to WPBTiger
Posted on 3/21/24 at 8:11 am to WPBTiger
quote:
Energy Centre at 1100 Poydras Street
The “Premier Tenant” of that building is now Dudley Debossier. Just like the “Premier Tenant” of the PAN AM Building has for some time now been Morris Bart.
I’m not even trying to suggest the situation was much better when each building’s premier tenants were big defense firms - which each sort of supplanted. Just that it’s further evidence of how there’s really no chance of continuing to sustain such an office market in such a place long term from a general economics perspective.
1
Posted on 3/21/24 at 8:16 am to Y.A. Tittle
The funny part is law firms are 100% a company that doesn't require fancy buildings at all, but lawyers love them fricking fancy buildings.
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