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Buyer reportedly planning to build hotel after purchasing site off Essen Lane
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 purchases St. Joseph’s Academy motherhouse for $2.4M
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.
Nexus Louisiana incubator re-ups for three more years at Bon Carré
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.
Capital Region housing market slowdown continues in May as prices inch up
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.
Former Winn-Dixie on Burbank leased
The former Winn Dixie property at the corner of Burbank and Lee drives has been leased.
Royal Engineers & Consultants is relocating to downtown
Royal Engineers & Consultants announced today it is relocating its Baton Rouge office to North Boulevard.
Yet-to-be-named restaurant planned for former Kalurah Street Grill location
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.
Home health provider Autumn Lake relocating its headquarters to Superior Drive
Autumn Lake LLC is relocating its headquarters to an office on Superior Drive between South Sherwood Forest Boulevard and BREC's Parklawn Park.
Now on the market, what might the future hold for Bubba Lewis’ 15-acre estate?
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.
D.R. Horton buys 59 lots in Villas at Oak Bend development for $4M
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.
COMPOUND INTEREST
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.
Real Estate Report: Calming waters
Post-pandemic challenges have largely dissipated and the broad Baton Rouge real estate sector has stabilized, though high interest rates are a concern.
Single family: A hot market chills
Rising interest rates are slowing sales but the residential real estate market remains healthy, though no longer a seller's paradise.
Multifamily: Demand keeps meeting a growing supply
Despite warnings of an overbuilt market, the Baton Rouge apartment sector remains steady as new units keep coming online.
Commercial: Changing dynamics
An already oversupplied office market is going through a transformation as tenants are asking for less space and friendlier lease terms.
Retail: Uneasy, but holding steady
Though facing a variety of economic pressures, the retail sector remains stable thanks to landlord flexibility and strong consumer spending.
Industrial: Tight supply, high demand
The volume and velocity of deals in the industrial sector are expected to remain low in 2023, while lease prices will remain high.
Mid City Tower renovations wrapping up
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.
Sale pending for the TJ Ribs site on Siegen Lane
The sale of TJ Ribs’ location on Siegen Lane could close as early as today, confirms owner Burke Moran.
Michigan-based real estate investment trust buys property on Florida for $1M
A Michigan-based real estate investment trust company has purchased a property on Florida Boulevard for a little over $1 million.
