Banking & Finance

Multifamily, net lease retail properties likely to stay hot through 2022

Multifamily and net lease retail properties have garnered more interest from investment firms in recent months due to pandemic concerns, and their popularity may stick through 2022.

Will high-earning Louisianans pay more in state income tax this year?

Louisiana lawmakers and voters last year approved a tax swap that lowers income tax rates while eliminating the deduction for federal taxes paid.

Bank profits soar in 2021 but inflation worries cast shadow

Three of the nation’s biggest banks reported blowout profits for 2021 on Friday, helped...

Another Bernhard proposed utilities investment draws criticism

Another potential investment in a city’s utilities by Bernhard Capital, this time in New Jersey, is generating criticism.

Tweak to Metro Council drive-thru ordinance helps address restaurant concerns

A tweak to a Metro Council ordinance approved Wednesday permits businesses with drive-thrus to serve nondrivers curbside and in the parking lot, which may alleviate safety concerns for some restaurants, Louisiana Restaurant Association CEO Stan Harris says. 

Innovation Catalyst looks to launch for-profit investment fund

Innovation Catalyst, which runs a Baton Rouge-based nonprofit seed capital fund for new companies, hopes to launch a for-profit fund next year.Innov
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Mortgage rates jump to highest level since March 2020 

Average long-term U.S. mortgage rates jumped again this past week, reaching their highest level since March 2020, just as the coronavirus pandemic was breaking in the U.S.

IRS still buried in last year’s paperwork as filing season looms 

The upcoming tax filing season is shaping up to be a chaotic one, CNBC...

Lightsource bp gets financing for massive Pointe Coupee Parish solar farm 

Lightsource bp today announced it has closed on a $533 million multiproject financing package for its 345-megawatt Ventress Solar project 30 miles northwest of Baton Rouge in Pointe Coupee Parish. 

136 Jefferson Place condo units sell for $16.5M

Servio Capital Investments, a Covington-based real estate investment firm, bought 136 units at the Jefferson Place Apartments & Condominiums for $16.5 million on Monday.