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US home equity rises during third quarter as market prices continue surge
Nearly 40% of mortgaged residential properties in the U.S. were considered equity-rich in the third quarter, according to ATTOM’s third-quarter 2021 U.S. Home Equity...
Developers turning abandoned office buildings into apartments
Abandoned office buildings all over the country are being converted into apartments, similar to developer Mike Wampold’s plans for the former Chase Towers, Axios reports.
Work underway on mixed-use section of Harveston
Work is underway on the mixed-use portion of Harveston, the traditional neighborhood development at Nicholson Drive and Bluebonnet Boulevard, developer Mike Wampold says.
Ohio company buys Airline property for $4.8M
An Ohio-based business development company bought property housing Conn’s HomePlus at 8888 Airline Highway in a $4.8 million deal on Friday.
Serop’s Express on College Drive closes
The College Drive location of Serop’s Express has closed, and owner Vasken Kaltakdijian is looking to lease the 2,600-square-foot building, according to Mark Hebert of Kurz & Hebert Commercial Real Estate.
Florida Boulevard shopping center sold to local investors for $3.8M
A Baton Rouge-based LLC bought a shopping center at the corner of North Ardenwood Drive and Florida Boulevard for $3.8 million in a deal that closed Monday.
Commercial concerns
Office occupancy rates, already soft, have held fairly steady throughout the pandemic but some fear that will end when long-term leases come up for renewal.
Addressing a problem…or creating havoc?
New federal flood insurance rules and pricing are meant to curtail development in high-risk areas, but so far they’re only generating controversy.
Apartments sold to nonprofit that creates affordable housing for vets
Patriot Services Group, a nonprofit that creates affordable housing for veterans, recently purchased Kingston Point Apartments on Boulevard De Province for $7.3 million in a deal that closed Friday.
65,000-square-foot football training facility proposed for Burbank and W. Lee
The developers of the mixed-use Burbank University development on Burbank and West Lee drives near the LSU campus have filed plans to develop a football training facility on a portion of their massive property.
Three-story office building to be developed on Main Street
Louisiana REALTORS commissioned and is planning to develop an office building at 861 Main Street, on the corner next to the association’s current office.
Donnie Jarreau group seeking new investors for Drusilla Shopping Center
JRE Private Equity, Donnie Jarreau and Trey Williams’ real estate investment platform, is seeking co-investors for the Drusilla Shopping Center.
Mountain Express Oil Co. acquires majority stake in Brothers Food Mart
Georgia-based Mountain Express Oil Co. acquired a majority stake in New Orleans-based Brothers Food Mart and purchased a majority of the Brothers convenience stores, five of which are in the Baton Rouge area, in a deal that closed Friday.
Bayou Braces and Dentistry opening in former YMCA location
Bayou Braces and Dentistry is opening a second Baton Rouge location, this one in the former YMCA space at 8482 Perkins Road, which the company paid $1.2 million for on Thursday.
LSU student housing community being developed by Dallas company
Fountain Residential Partners, a real estate developer out of Dallas, is constructing The Vue on Parker, a student housing community on West Parker, the company announced Thursday.
Metro Council approves rezoning for Government Street development
The Metro Council Zoning Committee approved a rezoning request Wednesday that will clear the way for the redevelopment of half a block along Government Street in Mid City.
Barnes and Noble Citiplace location up for sale or lease
Is Barnes and Noble closing its location at Citiplace? Not in the immediate future. But the 34,000-square-foot freestanding retail outlet is being listed for sale or lease.
ProSource Wholesale moving into Airline Highway location
ProSource Wholesale of Baton Rouge, a wholesale home and commercial improvement supplier, bought a building at 10848 Airline Highway for $2.9 million on Friday and plans to move its Baton Rouge operations there next year.
Design: Envōc
Design: Envōc set out to merge high-tech with modern farmhouse in the design of its new headquarters in the City Farm office complex.
Baton Rouge sees the nation’s biggest decline in homes for sale
The Baton Rouge residential real estate market in September saw the nation’s biggest drop in homes for sale among large markets compared to the same month last year, according to a report released today.
