GET DAILY REPORT FREE
Three Baton Rouge apartment complexes sold in multi-million dollar deals this week
Three local apartment buildings were sold this week to out-of-state buyers in multi-million dollar deals.
Deconstructing the problem
Hurricane Ida recovery is exacerbating construction challenges for residential builders but creating opportunities for the commercial market.
Aptim’s uncertainty puts XI United Plaza on the multi-tenant market
For the first time since it was developed in 2002 as the corporate headquarters for The Shaw Group, the 240,000-square-foot XI United Plaza high rise on Essen Lane is being marketed for multi-tenant use.
Site cleared for Amazon fulfillment center; nearby real estate activity picks up
Is Amazon already spurring economic development activity around the site of the former Cortana Mall?
Two Baton Rouge LLCs buy warehouse on Choctaw Drive
Two Baton Rouge LLCs jointly purchased a warehouse at 6191 Choctaw Drive for $2.5 million on Friday.
Delaware company buys Oakbrook Apartments on Nicholson
A Delaware-based company bought the Oakbrook Apartments on Nicholson Drive for $34.7 million on Friday.
The buyer was Oakbrook St LLC, which was represented by...
First units at I Rivermark Centre scheduled for completion in mid-2022
The first three floors of multifamily units in Mike Wampold’s I Rivermark Centre are tentatively scheduled for completion in mid-2022.
Pelican Lakes seeking to add 115 single-family lots
The developers of Pelican Lakes are seeking approval to add 115 new, single-family lots to their Burbank Drive development, which, if approved by the Planning Commission, would increase the total number of lots to 717.
Soaring home prices spark surge in US homeowner equity growth
Soaring home prices have pushed up average homeowner equity growth to the highest level in more than a decade, though recent signs of a cooling U.S. housing market point to more moderate gains in the second half of the year.
Global investment firm buys Homewood Suites on Corporate
Global investment firm Kohlberg Kravis Roberts and Company bought The Homewood Suites by Hilton at the corner of Corporate Boulevard and CitiPlace Court for $12.9 million on Wednesday.
New FEMA flood insurance program lowers rates for much of south Baton Rouge
Existing policies under the National Flood Insurance Program will not see their rates change until April, but according to FEMA, an estimated 77% of all policyholders will see their rates increase.
Capital Region real estate market could feel ripple effects from flood insurance hikes
The new rates will be a big consideration for buyers and could have ripple effects on the tight housing markets, says Christi Adams, a real estate agent with RE/MAX.
Tapestry at Long Farm apartment complex sells for $61M
A California-based company bought The Tapestry at Long Farm apartment complex on Antioch Road for $61 million on Wednesday.
Apartment rents rise 9.7% in Baton Rouge year-over-year
The median cost of renting an apartment in Baton Rouge went up 1% from August to September and was up 9.7% year-over-year, according to estimates Apartment List made public today.
Industriplex warehouse sells to local investors for $1.7M
A warehouse at 11777 Industriplex Blvd. was sold to local investors for $1.7 million in a deal that closed Monday.
Mid City Shopping Center sold to Fast Stop owners
The Mid City Shopping Center, at the corner of North Foster Drive and Greenwell Springs Road, was sold for $3.65 million in a deal filed Monday.
CSRS bucking trend by expanding to new, bigger offices
While many employers are rethinking their need for office space in the COVID era, downsizing offices or closing them altogether, CSRS is expanding.
College Drive property deal will allow Jubilee Express to expand
Property next to Jubilee Express, a gas station and convenience store on the corner of College Drive and Corporate Boulevard, was sold for $1.25 million in a deal filed Thursday.
St. George organizers on annexations: ‘It’s all just about political theater’
Organizers of the St. George incorporation effort say they may file de-annexation requests on behalf of property owners who live within the city limits and want out.
