Latter & Blum, which operates commercial and residential real estate offices in Baton Rouge and New Orleans, has purchased Noles-Frye Realty of Alexandria. Financial details of the sale were not released. Noles-Frye is the largest residential and commercial real estate broker in central Louisiana. Officials with Latter & Blum and Noles-Frye say the deal will give more national exposure to central Louisiana properties. Robert W. Merrick, Latter & Blum CEO, says the deal will be similar to the company’s 1995 purchase of C.J. Brown Real Estate in that Noles-Frye will keep its name on the residential brokerage and no jobs will be lost. Noles-Frye’s commercial operations may be rebranded. Noles-Frye, which was founded in 1976, completed more than $45 million in transactions during 2009.
Latter Blum buys Alexandria real estate firm
Sign up for the free Daily Report email – local news about the people, companies and issues that impact business impact business in Baton Rouge and beyond.
