Real Estate

Insurance costs, interest rates slowing Baton Rouge multifamily sales

Rising interest rates and the skyrocketing cost of insurance are the main factors slowing the market for apartment buildings, local professionals say. 

Baton Rouge industrial real estate market sees dip

Sales in the industrial real estate sector for Baton Rouge dipped last month as the market remains underbuilt and undersupplied. 

Louisiana metros rank low on US emerging housing market index

While seven Louisiana’s metro markets made The Wall Street Journal’s summer emerging housing market index released this morning, they all ranked near the bottom of the list. 

Will expected interest rate hike further cool the local commercial real estate market? 

The Federal Reserve is expected to raise interest rates by one-quarter of a percentage point today, which would be the 11th hike in the past 12 policy meetings but might also be the last in the Fed’s current effort to tame inflation. 

Self-storage facility planned in front of Tin Roof brewery

A Baton Rouge-based self-storage company plans to build a storage facility on the 2-acre lot in front of the Tin Roof brewery on Nicholson Drive. 

Hammond group buys land in Health District for apartment community

Hammond-based Stoa Group closed on more than six acres on Picardy Avenue last week for its planned Heights at Picardy apartment community. 

Cajun Electric plans to open Mid City showroom this fall

Cajun Electric is planning an early fall grand opening for the company’s new showroom in Mid City. 

Prices of old and new houses converge amid supply shortage

Baton Rouge may be an outlier in the latest housing trend as the national median price for an existing single-family home converges with the price of a newly built home.

Roundup: State Rep. Tanner Magee / Ascension Parish / US home sales 

Leaving the Legislature: Louisiana's second ranking state House lawmaker, Republican Speaker Pro-tem Tanner Magee...

Lincoln Theater owner seeks rezoning of historic property

The organization that owns the Lincoln Theater will ask the Planning Commission at its meeting next month to rezone the property from light industrial to light commercial use.