Real Estate

A vacant commercially zoned lot on Summa Avenue near the Red River Bank on Essen Lane was sold for an undisclosed price last week.

Brothers of the Sacred Heart of New Orleans Inc. has purchased the motherhouse on the campus of St. Joseph's Academy from the Congregation of the Sisters of St. Joseph Inc. for $2.4 million, according to property records.

The Research Park Corporation board of directors has decided to extend the lease of the Nexus Louisiana technology park incubator at Bon Carré Business Center for three more years. 

Homebuyers closed 867 sales last month in the Capital Region’s three main housing markets, which is down almost 32% from May 2022, according to the Greater Baton Rouge Association of Realtors. 

The former Winn Dixie property at the corner of Burbank and Lee drives has been leased. 

Royal Engineers & Consultants announced today it is relocating its Baton Rouge office to North Boulevard.

Baton Rouge restaurateur Jordan Piazza says he has secured the former home of Kalurah Street Grill under the Perkins Road overpass for a restaurant, though he has not chosen a name or nailed down a concept. 

Autumn Lake LLC is relocating its headquarters to an office on Superior Drive between South Sherwood Forest Boulevard and BREC's Parklawn Park.

The mansion—a 13,334-square-foot amalgamation of the original main house that Lewis purchased in 1980 and a guesthouse built by Lewis and later connected as his family grew—is a study in character framed by classic upscale finishes and incredible floor-to-ceiling windows. 

Homebuilder D.R. Horton Inc. has purchased 59 lots in the Villas at Oak Bend development for $4 million, according to documents filed with the East Baton Rouge Parish Clerk of Court's office.

The estate of Bubba Lewis, with nearly 15 acres of prime real estate, is for sale, raising the question of what the eventual buyer will do with the property.

Post-pandemic challenges have largely dissipated and the broad Baton Rouge real estate sector has stabilized, though high interest rates are a concern.

Rising interest rates are slowing sales but the residential real estate market remains healthy, though no longer a seller's paradise.

Despite warnings of an overbuilt market, the Baton Rouge apartment sector remains steady as new units keep coming online.

An already oversupplied office market is going through a transformation as tenants are asking for less space and friendlier lease terms.

Though facing a variety of economic pressures, the retail sector remains stable thanks to landlord flexibility and strong consumer spending.

The volume and velocity of deals in the industrial sector are expected to remain low in 2023, while lease prices will remain high.

Renovations to the landmark Mid City Tower on Florida Boulevard are wrapping up and the building will soon be back on the market for lease. 

The sale of TJ Ribs’ location on Siegen Lane could close as early as today, confirms owner Burke Moran.

A Michigan-based real estate investment trust company has purchased a property on Florida Boulevard for a little over $1 million.