NORF Companies opens new headquarters in New Orleans
New Orleans-based developer and tax-advantaged real estate company, NORF Companies (NORF), celebrated the opening of its new Headquarters located at 2740 St. Louis Street along with the building’s other tenants, Hernandez Consulting and Construction, Albert Architecture, Spees Design Build, and Blue Krewe (responsible for the City’s Blue Bike program).
New Orleans-based developer acquires, seeks to revive three Downtown Tyler historic buildings
A New Orleans-based developer that is working to renovate downtown Tyler's 1950s-area former Carlton Hotel has purchased three more historic buildings to add several rental housing units and retail space.
Redevelopment of former Warwick Hotel into Tulane housing completed
NORF Companies celebrates the completion of Thirteen15 at 1315 Gravier, a $61 million redevelopment project that transformed the blighted Warwick Hotel into vibrant downtown housing for Tulane University.
Real Estate Company closes Opportunity Zone Fund
NORF Companies announced that it has recently closed on its NORF 4 Opportunity Zone Fund. The New Orleans-based developer and tax-advantaged real estate company said it raised just over $20 million in investments and direct project commitments from 40 investors.
Redevelopment of former Gallier Court building completed
Local New Orleans developer and tax-advantaged real estate company, NORF Companies (NORF), celebrates the completion of 131 Carondelet, a $5 million redevelopment project that transformed a blighted historic building into a vibrant downtown property.
NORF Companies' latest Opportunity Zone project
NORF Companies has begum demolition on its latest project, located in downtown New Orleans. The site at 380 S. Liberty St is across from City Hall and was purchased by the company in 2019.
NORF Companies Completes its first Opportunity Zone project
New Orleans-based real estate company NORF Companies has completed its first Opportunity Zone Fund project, a 26,155-square-foot mixed-use development in Mid-City.
NORF Companies acquires historic Texas hotel
NORF Companies (“NORF”), a New Orleans based tax-advantaged real estate company, closed its acquisition of the former Carlton Hotel located at 106 East Elm Street in downtown Tyler, Texas.
Opportunity Zone Development will help revitalize Downtown New Orleans
A property in New Orleans will be transformed into housing for medical students and retail space using Opportunity Zones (OZ) financing. The former Warwick Hotel near downtown New Orleans has sat vacant and blighted since Hurricane Katrina in 2005.
Alex Hernandez named 12 Top Real Estate Influencers
The real estate development division of Hernandez Consulting & Construction, NORF Companies specializes in Historic Tax Credit and Qualified Opportunity Zone projects.
How the Warwick Hotel, which had a role in New Orleans tragedy, will get another chance
It’s always nice when a revered New Orleans building is saved from the wrecking ball. But it’s also no small thing when a historically underappreciated building gets a reprieve — and, in the process, another shot at relevance.
IRS Provides COVID-19 Pandemic Relief for Qualified Opportunity Zone Investments
With the issuance of Notice 2020-39 (the Notice), the Internal Revenue Service (IRS) has provided relief for Qualified Opportunity Zone Funds (QOFs) and for investors in QOFs.
1031 Exchanges are challenging in a pandemic. Opportunity Zone Funds can offer a solution
Investing in Opportunity Zone Funds is an excellent alternative to a 1031 exchange with similar tax benefits and a lot less stress.
NORF Companies buys Downtown Houston Opportunity Zone property for mixed-use remodel
One of downtown Houston's oldest buildings has been sold to a New-Orleans based company that plans to convert the building into a mixed-use multifamily property.
NORF Opportunity Zone Fund closes 'on record raise'
New Orleans Redevelopment Fund has closed its latest real estate investment fund, aimed at development in 'Opportunity Zones," to new investors.
Mid-City Condos will start in the low $200,000s
The development team behind a new, 21-unit condo building going up in Mid-City plans to market the project as housing for professionals like nurses, teachers and first responders.