Real Estate

An apartment complex tucked off of Government Street has been sold to a local investor for $11 million, according to land records. 

As Livingston Parish officials continue to debate a possible moratorium on residential development, local homebuilders say the prospect of a temporary suspension casts a shadow of uncertainty that could impact the broader housing market.

The foot traffic going in and around I Rivermark Centre in downtown Baton Rouge looks different today than it did in years past, following an $80 million renovation completed last year.

The Planning Commission next month will consider two new large subdivisions that local developers are proposing off Old Scenic Highway. 

Louisiana home prices are growing—but they’re growing at a slower pace than other Southern states. 

All Star Automotive is expanding its operations with the addition of a used car supercenter at the corner of Airline Highway and Coursey Boulevard. 

Nationally recognized homebuilder Century Communities is expanding into the Baton Rouge market with two planned phases of Copper Oaks, a development in the city’s northeast. 

East Baton Rouge city-parish officials are preparing to issue a third tall grass violation letter to the current owners of what was once the site of the Salsbury Dodge dealership on Airline Highway after area residents filed a complaint about the property. 

The growth in Baton Rouge rental prices has begun to cool as average prices nationwide approach pre-pandemic levels. 

It’s taking much longer to sell a house in Louisiana than in other parts of the country, according to a new report released last week. 

Nonprofit organization Elder Outreach has bought the office building it has operated out of for years off of Bluebonnet Boulevard.

Nearly half (49%) of mortgaged residential properties in the U.S. were considered equity rich,  in the second quarter of this year, according to the latest report from real estate data curator ATTOM. That number was up from 47% in the first quarter. 

The average sales price per square foot for Baton Rouge office space is rising, even as the number of sales and the overall dollar volume trends down, according to Elifin Realty’s latest commercial sales report. 

While other commercial real estate sectors posted statistical declines last month, the Baton Rouge retail sector remains steady thanks to the continuing post-pandemic flight towards retail. 

Rising interest rates and the skyrocketing cost of insurance are the main factors slowing the market for apartment buildings, local professionals say. 

Sales in the industrial real estate sector for Baton Rouge dipped last month as the market remains underbuilt and undersupplied. 

While seven Louisiana’s metro markets made The Wall Street Journal’s summer emerging housing market index released this morning, they all ranked near the bottom of the list. 

The Federal Reserve is expected to raise interest rates by one-quarter of a percentage point today, which would be the 11th hike in the past 12 policy meetings but might also be the last in the Fed’s current effort to tame inflation. 

A Baton Rouge-based self-storage company plans to build a storage facility on the 2-acre lot in front of the Tin Roof brewery on Nicholson Drive. 

Hammond-based Stoa Group closed on more than six acres on Picardy Avenue last week for its planned Heights at Picardy apartment community.