Real Estate

Top Commercial Deals of 2023

Baton Rouge’s commercial real estate sector saw a slight downturn in sales last year, following national trends. Similar to previous years, multifamily developments carried the...

Former Metro Bowl changes hands decade after closing 

A little more than a decade after it closed, the former Metro Bowl bowling alley property at the corner of Airline Highway and Plank Road has traded hands. 

Could a mixed-use development be planned near L’Auberge?

A pair of applications filed with the East Baton Rouge Parish Planning Commission indicate that some major changes could be coming to the area surrounding L’Auberge Casino. 

See what’s moving into the former Maxwell’s space by Highland 

Baton Rouge-based Chris’s Specialty Foods is moving into the former Maxwell’s Market space off of Highland Road and will begin serving home-cooked meals.  Owner Tressy...

DH Horton spends $7.1 million for land off Nicholson Drive

National homebuilder DR Horton has purchased 127 lots for a new subdivision off Nicholson Drive. 

Keller Williams to pay $70M to settle class-action suit over home sales prices

Keller Williams Realty reached a $70 million settlement on Thursday in a class-action lawsuit alleging the residential real estate industry conspired to keep housing...

A key lot in the Perkins Road overpass area changes hands

A 1-acre lot tucked in the Perkins Road overpass area was sold this week. 

Most Expensive Homes Sales of 2023

“It felt like a bad year, but when you look at the numbers—it wasn’t a bad year, it was a hard year,” says Quita...

Land for a distribution warehouse near former Cortana Mall fetches $2.6M

More than 18 acres earmarked for a new distribution warehouse near the former Cortana Mall site traded hands last week for $2.6 million. 
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Construction firms say their job applicants lack the skills they need 

The U.S. needs an estimated 7 million more homes. But to build all those homes, experts say, America would need many more construction workers.

Small businesses are changing their office plans, too 

While the real estate decisions of big companies get much of the attention, small business owners are also reassessing what they need in terms of an office. Some are finding more bang for their buck in suburban locations. 

Cornerstone Flooring buys building on Oak Villa to serve as its headquarters

In a deal that closed Thursday, Cornerstone Flooring Companies, a commercial flooring contractor, purchased a building on Oak Villa Boulevard to serve as the...

Developer John Engquist buys property for planned subdivision off Perkins

Baton Rouge-based developer John Engquist recently closed on $6.7 million worth of property for a proposed subdivision off Perkins Road.  Engquist—who was Business Report’s 2019...

Single Louisiana women are winning in real estate

Louisiana is among the states with the highest shares of single women homeowners, Axios reports. 

2023 was slowest year for US home sales in nearly 30 years 

Sales of previously occupied U.S. homes sank in 2023 to a nearly 30-year low, as sharply higher mortgage rates, rising prices and a persistently low level of homes on the market combined to push homeownership out of reach for many Americans.

Delinquencies on office building loans spike

Axios has put together a quick update on the world's most well-telegraphed credit market problem: office loans. While hybrid work styles won the remote work...
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Confidence grows among US homebuilders, but what about in Baton Rouge?

National homebuilder confidence rose across the nation this month, reaching its highest level since September, according to the National Association of Home Builders monthly index. 

Lawmakers across the US seek to limit property tax hikes as home values soar 

Soaring home values have increased property taxes for millions of homeowners in recent years, prompting action from state lawmakers to lighten the burden. 

Nearly 145 acres off Scenic Highway sold for $2M

The Price LeBlanc family has purchased nearly 145 acres off Scenic Highway north of the ExxonMobil plant in north Baton Rouge, according to public...

Rouzan’s final residential phases taking shape

Infrastructure work has been completed on the eighth and ninth residential phases of Rouzan, says developer Charles Landry, as the traditional neighborhood development off Perkins Road in the Southdowns area continues to take shape.