Growing company gets more room: Zehnder Communications, a fast-growing advertising and marketing firm, has purchased an office building on Bluebonnet Boulevard and plans to move its local operations there next month. Zehnder bought the 4,020-square-foot building in the Bluebonnet Parc at Claycut for $630,000, says Troy Daigle of Donnie Jarreau Real Estate, who brokered the sale. The building, which had been occupied by a home health company, was vacant. New Orleans-based Zehnder had been in the LUBA building since Hurricane Katrina.
Continuing to hold on: Baton Rouge is expected to be the best large market for home prices, according to a quarterly forecast released today. The Local Market Monitor looked at home price performances for more than 300 metro areas. Officials note that even the top markets aren’t expected to see home prices increasing, rather values should remain steady. New Orleans was ranked sixth, while Lake Charles was ranked as the fifth-best small market. Other large markets expected to do well include Columbia, S.C.; Fort Worth, Texas; and Houston.
History has a price: The Bellemont Hotel on Airline Highway between Greenwell Springs Road and Winbourne Avenue, sold Friday for $525,000, according to representatives of Stirling Properties and Coldwell Banker One. The hotel had 305 guest rooms, while the Great Hall conference center comprised 32,000 square feet, according to a sales listing. The site is about 18 acres, says Pam Coxe, the selling agent along with Debbie Accardo of Coldwell.
