Real Estate

Baton Rouge’s warehouse market still strong despite slowing national demand

Demand for warehouse space in Baton Rouge remains high, even as The Wall Street Journal reports that the national market is showing signs of slowing.

Roadrunner Towing buys land near airport for $1.6M

Roadrunner Towing & Recovery Inc. recently completed the purchase of three properties as part of a single transaction for $1.6 million

Capital Region foreclosure activity down in September but up from a year ago

The number of properties in the Capital Region facing foreclosure action in September was down about 33% compared to August but up more than 97% compared to the same month last year.

Planning Commission to take up Kevin Nguyen’s proposed apartment complex 

The East Baton Rouge Parish Planning and Zoning Commission is set to consider approving Four Seasons, a proposed apartment complex on the south side of Burbank Drive east of South Kenilworth Parkway. 

Owners of Sunshine Cleaners purchase land from Celtic Studios for $900K

Baton Rouge-registered business Procel LLC purchased an undeveloped tract of land from Celtic Management Corp. for $900,000,

Tony Clayton buys downtown Roumain Building for $2M

Tony Clayton of the law firm Clayton, Fruge & Ward has purchased the six-story Roumain Building on Third Street in downtown Baton Rouge for $2 million, Elifin Realty reports.

Two downtown BR buildings slated for demolition for potential nine-story project

Two vacant buildings in the heart of downtown Baton Rouge appear headed for demolition, potentially to make room for a major residential development with retail. 

Commercial real estate sales volume hits $952M, an eight-year high 

This year to date has seen a volume of $952.7 million in commercial real estate sales completed through September

As Belle of Baton Rouge prepares upgrades, adjacent buildings go on the market for...

Two buildings that have been part of the Belle of Baton Rouge’s operations, and Catfish Town before that, are on sale as a pair for $5 million. 
Hilton Baton Rouge

Every man a king

The Hilton Baton Rouge Capitol Center has turned the tunnel made famous by Huey Long into a private, upscale entertainment space.

Cabrera family buys two Tigerland apartment complexes for $935K

Towering Oaks BR LLC has purchased The Gallery apartment complex as well as one of the Bengal Court properties on Tigerland's Jim Taylor Drive for a combined $935,000.

GEO Prep Mid City campus purchased by its parent organization for $13.95M

The Greater Education Opportunities Foundation purchased its GEO Prep Mid City campus on Lobdell Boulevard in a deal worth $13.95 million,

Redevelopment of century-old building seen as ‘huge’ for downtown

Now, a Florida developer has the high-profile building under contract with plans to build condos, which would be a “huge” win for downtown’s central business district and help fill a market gap,

Commercial Drive tract sells for $1.34M

A 4.48-acre tract of undeveloped land on Commercial Drive has been purchased for $1.34 million, according to records with the East Baton Rouge Parish Clerk of Court's office.
Amazon

Tight US warehouse market pushing small businesses out  

A warehouse crush across the U.S. is squeezing out smaller companies as big retailers fill industrial storage sites with their growing stockpiles of inventory,...

Capital Region housing market shifts slightly in buyers’ favor

Buying a home in the Capital Region just got a little bit more affordable, according to a new review of national data. 

Baker’s Impact Charter School buys facility where it operates for $8.53M

Tuition-free public charter school Impact Charter School on Lavey Lane in Baker has bought the facility where it operates for $8.53 million

Cash investors from outside region help prop up Baton Rouge commercial real estate

Higher interest rates are so far not stopping investors from snapping up commercial real estate in the Baton Rouge area, particularly apartment complexes. 

Moran Printing/Emprint moving corporate office to Highland, expanding offerings

Moran Printing Inc./Emprint is moving its main office and production center from Florida Boulevard to its warehouse and fulfillment center location on Highland Road. 

Undeveloped land in Magnolia Woods subdivision sells for $5.4M

A 19.5-acre tract of undeveloped land in the Magnolia Woods subdivision has been purchased for $5.4 million, according to records with the East Baton Rouge Parish Clerk of Court’s office.