Los Angeles-based investment group buys Nicholson Drive apartments for $46M

Los Angeles-based JRK Property Holdings, a real estate investment group, has bought the Indigo Park by Cortland apartment complex on Nicholson Drive for $46.4 million. 

Bridge Center scheduled to open in December

The Bridge Center for Hope is slated to open its doors to the public sometime in December, after construction on the 24,000-square-foot facility is expected to wrap in mid-November.

Louisiana Lagniappe owner suspicious of jobless claims he’s being asked to verify 

Like many employers throughout the pandemic, Louisiana Lagniappe owner Kevin Ortego has received “base claim” notices from the Louisiana Workforce Commission—form letters asking him to verify that a claimant seeking unemployment compensation previously worked for him. But unlike employers who know, or at least, recognize the names of the former employees they’re being asked to verify, Ortego has received what he estimates to be between 50 and 100 notices about people he’s never heard of, much less employed at his restaurant.

French-inspired dessert shop opens on Essen Lane

A husband-and-wife team has opened a French-inspired dessert shop on Essen Lane, near Anselmo Lane. 

Downtown parking plan still in the works after five years, two administrations

Nearly five years after the city-parish began looking at ways to update and improve the parking system in downtown Baton Rouge, Mayor Sharon Weston Broome’s administration is poised to award two contracts for different components of the system, signaling the end of the process is near.

Coyote Moon owners expand with sister store on Jefferson Highway

The owners of Coyote Moon Crystals & Gifts, a spiritual boutique on Perkins Road, have opened a new sister shop in the Goodwood Village shopping center on Jefferson Highway, near Government Street. 

Valencia Park developers buy nearly 3 acres across from current site

A month after receiving the green light to begin construction, the developers of the multifamily Valencia Park have purchased nearly 3 acres of land across the street
Stanford Group Exxon People

Kennedy, Cassidy file brief with Supreme Court in Stanford Group case

U.S. Sens. John Kennedy and Bill Cassidy, who have spent years trying to help Louisiana victims of the Stanford Group Ponzi scheme recoup some of the money they lost more than a decade ago, are asking the U.S. Supreme Court to get involved in the case.

$240M solar energy manufacturing facility proposed for West Baton Rouge

A San Francisco-based firm has filed an advanced notice with Louisiana Economic Development for a new solar energy manufacturing facility to be built in West Baton Rouge Parish in 2022. 

BASIS buys former Honda dealership property for new school

BASIS charter schools has purchased the former Honda dealership property on Florida Boulevard to be the site of its second campus in Baton Rouge.
Creole Cabana Business Lunch

Local management group acquires majority stake in The Oasis, changes restaurant’s concept

A local management group has secured a majority stake in The Oasis, the recreational development on Burbank Drive near LSU.

Community banks juggling loan flow against higher risk

Baton Rouge community banks are trying to keep capital flowing while mitigating increased risk in the uncertain economy created by the pandemic.

Bocage-area Papa John’s Pizza property sold to Miami investor

The Papa John’s Pizza property on Jefferson Highway, near its intersection with Corporate Boulevard and Old Hammond Highway, has sold for nearly $1 million. 

Baton Rouge mayor’s race poll shows where candidates running strongest 

Not only does the lone independent poll released so far in the Baton Rouge mayor’s race show incumbent Sharon Weston Broome far ahead of her opponents with 41% of support, but new details from the poll also give Broome a comfortable lead among a key demographic she needs to get reelected—moderate, swing voters.

Only public safety agencies will seek higher millage rates for 2020

Public safety agencies in Baton Rouge could see their revenues increase next year if the Metro Council approves a measure later this month to roll forward those agencies’ property tax rates for 2020.

Bar and club owners worry pandemic regulations will mean last call

Frustrated bar and club owners across Baton Rouge argue they’ve been unfairly targeted by Louisiana’s pandemic regulations.

Walk-On’s investment from PE firm will accelerate franchise growth

Walk-On’s Sports Bistreaux has received a significant investment from private equity firm 10 Point Capital, which will enable the Baton Rouge-based restaurant chain to accelerate its already rapid growth.
Relief Telemed

Relief Telemed sees rapid growth from COVID-19 testing

Startup Relief Telemed is experiencing rapid growth during the pandemic after going all-in on COVID-19 testing and landing a contract with LSU.

Baton Rouge employers forced to pivot as remote workforce deals with power outages

Baton Rouge’s business community has been dealt yet another blow this year: widespread power outages triggered by Hurricane Delta, which made landfall in southwest Louisiana on Friday.

New collaborative working space opens on S. 14th Street

A new collaborative working space, Legacy on 14th, is opening in the historic Eddie Robinson Sr. neighborhood near Old South Baton Rouge.