HILCO REAL ESTATE SALES CONTINUES PARTNERSHIP WITH NORA FOR UPCOMING NEW ORLEANS AUCTION FEATURING RESIDENTIAL & COMMUNITY DEVELOPMENT OPPORTUNITIES
This next installment features 97 vacant residential lots and 11 non-housing development opportunities, all with opening bids starting at $4,000. The addition of these non-housing sites presents a unique opportunity for individuals, neighborhood groups and local organizations to transform underutilized parcels into key community assets such as impactful spaces such as community gardens, green spaces, playgrounds, pocket parks, art installations or other public-use projects that serve local neighborhoods. These parcels are ideal for enhancing the livability and sustainability of the surrounding communities, especially when acquired by adjacent property owners for expansion or beautification purposes.
"We are excited to expand this auction to include non-housing development options that can serve as catalysts for community connection," said Brenda Breaux, executive director of the New Orleans Redevelopment Authority. "With the inclusion of these parcels, we're encouraging innovative, community-driven projects that breathe new life into NOLA." Fernando Palacios, strategic consultant with Hilco Real Estate Sales, added, "This auction offers buyers an accessible entry point into property ownership while also supporting broader city revitalization. It empowers New Orleans residents to invest in their neighborhoods through creative and meaningful uses of land."
The properties are being sold on an "as-is, where-is" basis. Winning bidders are required to complete rehabilitation or construction within 18 months of closing. For properties with a non-housing development option, buyers must complete a non-residential use—such as a garden, green space or similar project—in accordance with the New Orleans Comprehensive Zoning Ordinance within the same 18-month period. All buyers must keep properties code compliant from the time of closing through project completion.
Prior to the auction, on-site inspections can be conducted at any time at the viewer's leisure. Closing is required within 30 calendar days after the auction and financing will not be a contingency so buyers will need to know they can close on their purchase within the required timeframe and have available pre-approval for their own personal financing. Buyers must obtain and maintain flood insurance for any structures as a condition of closing.
There will be a virtual "Buyers' Seminar" on Thursday, June 5, 2025, at 5:30 p.m. (CT). For more information, including registration requirements, about this NORA auction, please contact Fernando Palacios at (504) 500-1891 or visit hilcorealestatesales.com/NORA.
The terms and conditions set forth herein are for informational purposes only and shall not be deemed to be and are not intended to be a comprehensive or complete listing of the applicable terms and conditions. All potential buyers should read carefully the terms and conditions of the auction and sale set forth at hilcorealestatesales.com/NORA. The terms and conditions set forth at hilcorealestatesales.com/NORA shall govern and shall supersede any terms and conditions set forth herein.
For further information on the properties, sale process and terms, please visit HilcoRealEstateSales.com or call (855) 755-2300.
About Hilco Real Estate Sales
Successfully positioning the real estate holdings within a company's portfolio is a material component of establishing and maintaining a strong financial foundation for long-term success. At Hilco Real Estate Sales (HRE), a Hilco Global company (HilcoGlobal.com), we advise and execute strategies to assist clients seeking to optimize their real estate assets, improve cash flow, maximize asset value and minimize liabilities and portfolio risk. We help clients traverse complex transactions and transitions, coordinating with internal and external networks and constituents to navigate ever-challenging market environments.
The trusted, full-service HRE team has secured billions in value for hundreds of clients over 20+ years. We are deeply experienced in complex transactions including artful lease renegotiation, multi-faceted sales structures, strategic asset management and capital optimization. We understand the legal, financial, and real estate components of the process, all of which are vital to a successful outcome. HRE can help identify the most viable options and direction for a company and its real estate portfolio, delivering impressive results in every situation.
View original content to download multimedia:https://www.prnewswire.com/news-releases/hilco-real-estate-sales-continues-partnership-with-nora-for-upcoming-new-orleans-auction-featuring-residential--community-development-opportunities-302468854.html
SOURCE Hilco Real Estate, LLC
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Business Insider
3 days ago
- Business Insider
Retrust MFB sets new standard with ₦8.9 billion organic growth in under six months
Emerging quietly onto Nigeria's financial stage, Retrust MFB is now making loud waves. Without resorting to external capital injections or aggressive investor funding, the bank has defied convention, growing sustainably through customer deposits, responsive lending, and deep-rooted community engagement. Founded with a mission to offer accessible and inclusive banking, Retrust MFB is proving that financial growth doesn't have to come at the expense of trust or grassroots connection. Its rise comes at a time when many new entrants in the microfinance space are struggling to balance innovation with regulatory compliance and long-term impact. Alhaji Tajudeen Olawale Olatinwo, Chairman of the Board and a retired Senior Bank Examiner with the Central Bank of Nigeria, attributed the impressive growth to a foundation of clarity and shared purpose. 'We've stayed true to our core: trust, discipline, and impact. This is leadership, strategy, and a strong sense of duty to the people we serve,' he noted. Retrust's expanding influence is anchored on real financial tools designed to meet real needs. From NORA Target Savings and Nano Loans, to EduAssure educational financing and POS/Agency Banking services, the bank has crafted a suite of solutions tailored to underserved communities and emerging entrepreneurs. The rollout of its mobile banking app and debit card further reinforces its commitment to digital-first convenience. Dr. Oluwatosin Olatujoye, a member of the Board, emphasized that Retrust's success lies in its grassroots approach.'We're showing that inclusion isn't a buzzword, it's a strategy. Every naira of this ₦8.9 billion reflects trust earned, not capital raised.' At the operational helm, Managing Director Babatunde Oladimeji echoed the sentiment. 'This is not just a financial achievement, it's a validation of our model. We've grown from within by solving actual problems. This is what real banking should feel like.' As the industry turns its attention toward financial inclusion and sustainability, Retrust MFB's trajectory signals a powerful shift. It is building not only a robust institution, but also a movement, one that proves banking can be both profitable and principled. With its values intact, its systems growing, and its impact expanding, Retrust Microfinance Bank is poised to become a trusted name in inclusive banking across Nigeria and beyond.
Yahoo
14-07-2025
- Yahoo
Hilco Real Estate Sales Announces 140± AC Guadalupe Riverfront Residential Development Bankruptcy Sale in Lake Canyon, Texas
NORTHBROOK, Ill., July 14, 2025 /PRNewswire/ -- Hilco Real Estate Sales announces September 30, 2025, as the qualifying bid deadline for the 141.87± AC, shovel-ready development opportunity known as The Bluffs on the Guadalupe. Offered by order of the U.S. Bankruptcy Court, Western District of Texas (Austin) – Case No. 24-10411 (In re: TBOTG Development, Inc.), this generational property presents an unparalleled canvas for visionary residential and mixed-use development. Positioned at the southeast corner of FM 306 and the Guadalupe River in Canyon Lake/New Braunfels, the property boasts nearly 2,700' of FM 306 frontage, providing exceptional visibility and access along this growing retail commercial corridor. Surrounded by dramatic bluffs, heritage oaks and cypress-shaded trails, the site is fully entitled with infrastructure in place to accelerate development. The property encompasses approximately 141.87± acres with no zoning restrictions, offering over a mile of unparallel Guadalupe River frontage that creates a spectacular backdrop for future development. Existing plans total 95 lots that breakdown as 26 waterfront estate lots (only 13 of which remain), 53 interior estate lots, 16 hillside cabins and approximately 12± acres of commercial frontage land, providing a balanced mix of residential and commercial opportunities. Infrastructure is already in place, including a model home and sales office, asphalt roads and public utility connections for water, electricity and communications. Additionally, all Living Unit Equivalents (LUEs) have been paid in full and are ready to transfer to future ownership to support immediate build-out. Residents and guests will enjoy a 1.7-mile private riverfront walking trail that encircles the property, low taxes and thoughtfully designed community recreation amenities that highlight the property's natural beauty. Just minutes from the vibrant centers of downtown New Braunfels and San Marcos, and less than an hour's drive from the major metropolitan hubs of Austin and San Antonio, The Bluffs on the Guadalupe is ideally situated in the heart of Central Texas' fastest-growing lifestyle corridor. This prime location offers seamless access to both urban amenities and the region's renowned natural attractions. Nearby destinations include Canyon Lake, a popular spot for boating and fishing; Camp Fimfo, one of the nation's top-rated RV resorts; and the Whitewater Amphitheater, a celebrated live music venue that draws thousands of visitors each season. Just down the road, the Gruene Historic District offers charming shops, restaurants and the legendary Gruene Hall dance venue, while the Texas State University campus anchors a vibrant academic community. Enhancing the area's appeal even further is the planned Waterway Lane Hike and Bike Trail extension, which will span Gruene Road to Old FM 306 and the Guadalupe River, connecting residents and guests to miles of scenic outdoor recreation. Terence Rochford, senior vice president at Hilco Real Estate Sales, stated, "The Bluffs on the Guadalupe is simply unmatched in the market—a rare combination of riverfront property, shovel-ready infrastructure and a prime location that sits at the intersection of growth and recreation." Stephen Madura, senior vice president at Hilco Real Estate Sales, added, "With entitlements in place, no zoning restrictions and proximity to some of Central Texas' most desirable destinations, this property represents an extraordinary opportunity for developers to create a landmark community that will define the continued growth of the Canyon Lake and New Braunfels areas for decades to come." Qualifying bids must be received on or before the deadline of September 30, 2025, at 5:00 p.m. (CT) and must be based on the Purchase and Sale (PSA) document available for review and download from Hilco Real Estate Sale's website. Interested bidders should review the requirements in order to participate in the bankruptcy sale process available on Hilco Real Estate Sale's website. For further information, please contact Steve Madura at (847) 504-2478 or smadura@ or Michael Kneifel at (847) 201-2322 or mkneifel@ For additional details, due diligence access and terms of sale, visit Hilco Real Estate Sales or call (855) 755-2300. About Hilco Real Estate SalesSuccessfully positioning the real estate holdings within a company's portfolio is a material component of establishing and maintaining a strong financial foundation for long-term success. At Hilco Real Estate Sales (HRE), a Hilco Global company ( we advise and execute strategies to assist clients seeking to optimize their real estate assets, improve cash flow, maximize asset value and minimize liabilities and portfolio risk. We help clients traverse complex transactions and transitions, coordinating with internal and external networks and constituents to navigate ever-challenging market environments. The trusted, full-service HRE team has secured billions in value for hundreds of clients over 20+ years. We are deeply experienced in complex transactions including artful lease renegotiation, multi-faceted sales structures, strategic asset management and capital optimization. We understand the legal, financial and real estate components of the process, all of which are vital to a successful outcome. HRE can help identify the most viable options and direction for a company and its real estate portfolio, delivering impressive results in every situation. View original content to download multimedia: SOURCE Hilco Real Estate Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-06-2025
- Yahoo
Protesters slam war profiteering, Israel at French air fair
Thousands marched on Saturday outside a French trade fair, calling for an end to war profiteering and Israel's offensive in Gaza in the latest demonstration to hit the event. The long-planned protest at the Paris Air Show outside the French capital also comes as Israel's war with Iran drags on into a ninth day, with Tehran threatening to hit back in force at Israel's offensive against its arch-rival. The presence of Israeli defence firms at the show has already become a bone of contention, with the French government on Monday sealing off the booths of five Israeli firms on the grounds that they were displaying offensive weapons that could be used in Gaza. "Their wars, their profits, our deaths, stop the genocide in Palestine," read the banner at the head of the march, which organisers claimed drew more than 4,000 protesters. "As we speak, people are dying and our governments are not doing anything to stop it," Nora, 29, told AFP at the protest. Draped in a Palestinian flag, the project leader in the pharmaceutical industry said that she felt "rage" at the footage coming out of Gaza, including that of "mothers kissing their dead children" in the besieged Palestinian territory. Police have arrested seven people aiming to disrupt the trade fair, the Paris public prosecutor office said, with officers discovering a helium canister and nearly 200 balloons during the searches. Six of the arrests were made on Friday and the other on Saturday, the prosecutor's office added. Drawing some 100,000 visitors a day, the Paris Air Show at the Le Bourget airfield, nine kilometres (five miles) to the north of the capital, is usually dominated by displays of the aerospace industry's latest cutting-edge planes. But Monday's shuttering of the stands of Israel Aerospace Industries (IAI), Rafael, UVision and Elbit, as well as Aeronautics, which make drones and guided bombs and missiles, sparked a row with Israel. Israel's President Isaac Herzog branded Paris's closure of the Israeli firms' booths "outrageous", comparing it to "creating an Israeli ghetto". It came days after Israel, claiming Iran was on the verge of obtaining a nuclear bomb, launched a surprise barrage on June 13 which killed top Iranian commanders and nuclear scientists. Tehran immediately hit back with a flurry of missiles, with the two countries trading wave after wave of devastating strikes since. lbx-mk/sha/sbk/