Commercial and residential real estate across the Capital Region — development projects, property sales, construction, and the market trends driving them.
Nearly 13 acres off Picou Lane, near Interstate 12, was sold to a pair of investors for $1.15 million in a deal filed earlier this week with the East Baton Rouge Parish Clerk of Court. The land runs along the railroad tracks in that area.
Following national trends, the Capital Region’s housing market is continuing to cool amid lowering inventory, elevated sales prices and high interest rates.
East Baton Rouge City-Parish bought the shopping center at the corner of Plank and Hooper roads on behalf of the neighboring Greater Baton Rouge Airport District as part of a $54 million airport and traffic project.
Denham Springs-based Facilities Maintenance Management, a full-service maintenance and construction company, will renovate the former Hancock Whitney Bank Denham Springs operations center as its new headquarters.