Our Not So Excellent
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Our Not So Excellent. Katrina Adventure. Patrick Egan, CRE. Exec. V.P., Director of Commercial Sales and Leasing. Forecast - Thursday, August 25. Thursday, August 25. Forecast - Friday Morning, August 26. Forecast - Friday Afternoon, August 26. Forecast - Saturday Evening, August 27.

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Patrick egan cre

Our Not So Excellent

Katrina Adventure

Patrick Egan, CRE

Exec. V.P., Director of Commercial Sales and Leasing

Patrick egan cre

Forecast -Friday Afternoon, August 26

Days following storm
Days following storm

  • No electricity, water in entire city

  • No local radio/TV broadcasts

  • No cell phone service anywhere w/504 AC

  • Agents scattered

  • Baton Rouge business explosion

  • Great uncertainty as to timeline for return

Steps taken
Steps taken

  • Emergency Yahoo.com email address posted to web

  • Web was initially primary communications source

  • Assembled roster/contacts/message board

  • Baton Rouge office became new communications center once power restored -added desks/wireless internet – email server reset to B.R. in 48 hrs.

  • B.R. became home for next two months

  • Monitored New Orleans situation-arranged trip back in

Storm aftermath
Storm Aftermath

  • Three of our branch residential offices destroyed

  • Several staff and agents didn’t return

  • Latter & Blum returned to metro New Orleans Oct. 17

  • Returned to our downtown offices Jan. 9.

  • Moved again in March of the following year to our current building

Patrick egan cre

Storm Aftermath

Paratroopers from Bravo Company, 2nd Battalion, 505th Parachute Infantry Regiment, 82nd Airborne Division, patrolling Bourbon Street.

New orleans today
New Orleans Today

  • 76.4 % of pre-Katrina residences actively receiving mail in Orleans Parish, a 4.3 % increase from last August.

  • 89.6 % of pre-Katrina residences actively receiving mail in the metro area, a 4.3 % point increase from last August.

  • The New Orleans metro area lost only 0.9 % of total jobs since last June compared to a 4.1 % loss for the nation.

  • Compared to the 100 largest metros, New Orleans had the sixth lowest unemployment rate in the first quarter of 2009.

Patrick egan cre

  • Still many questions regarding new flood maps, levee repairs, rebuilding plans

  • Floodgates have been built at three canals

Patrick egan cre

Source: Latter & Blum Commercial Division

Source: Latter & Blum Commercial Division

Patrick egan cre


Source: Latter & Blum Commercial Division

Patrick egan cre

Greater New Orleans Area Gross Industrial Absorption

Source: Latter & Blum Commercial Division

Patrick egan cre

French Quarter HotelStatement of Actual Revenue and ExpenseYears-Ending 2005-2006