Commercial and residential real estate across the Capital Region — development projects, property sales, construction, and the market trends driving them.
While the coronavirus pandemic has done damage to many sectors of the economy, it hasn’t had a negative effect on residential real estate, at least not yet.
On the contrary, home sale activity in East Baton Rouge Parish through July is slightly higher than it was for the same period in 2019 or 2018, according to an analysis of MLS data compiled by the Greater Baton Rouge Association of Realtors and provided by local real estate agents.
A 5-acre parcel at the Lane Regional Medical Center campus has been sold to be the site of a nursing home. As part of the deal, the nursing home company will manage the hospital’s current nursing home facility inside the hospital and construct and operate a new nursing home.
A Nashville-based investment group has scooped up six Baton Rouge-area Popeyes restaurant properties, but it's unclear whether CapitalSpring purchased the land to lease back to the franchisee or if it also acquired the businesses as well.
A state-run program designed to provide emergency rental assistance was so inundated with applicants it had to shut down after just two days, suggesting the massive crisis that housing advocates have been predicting could be coming soon.