Real Estate

real estate

​​Is the Baton Rouge-area housing market becoming more favorable to buyers?

Homes in East Baton Rouge and Ascension parishes are on average less affordable for local buyers than a year ago but more affordable than last quarter, according to a new report. 

Minnesota investment firm buys apartment complex near LSU for $15M

A Minnesota-registered company purchased The Sterling Student Living on Highland Road for $15 million, according to documents filed with the East Baton Rouge Parish Clerk of Court's office.

Latter & Blum Property Management rebrands to Rampart/Wurth Holding

Latter & Blum Property Management has rebranded to Rampart/Wurth Holding, executives announced today at the company’s annual conference. 
real estate

Capital Region home flippers saw higher profits in 2022

Capital Region home flippers realized an average profit of $65,000 in 2022, compared to $50,000 the previous year, new data shows. 

Construction begins on first of three apartment complexes by same developer

Construction is underway for the Waters at Millerville, a 295-unit apartment community being built on the last 13-acres of Windy Gladney’s Millerville development. 

Sherwood Pointe shopping center sells for $1.68M

The property containing the Sherwood Pointe shopping center on South Sherwood Forest Boulevard has been sold to a pair of Port Allen investors for $1.68 million,
real estate

Baton Rouge saw nation’s biggest drop in pending home sales in February

Pending home sales dropped 69.1% year over year in Baton Rouge in February, the biggest drop of any metro area in the country, according to a new analysis from Redfin.

Planning staff recommending denial of commercial rezoning near Zachary

Planning Department staff are recommending that the East Baton Rouge Parish Planning and Zoning Commission at its meeting next week deny two proposals regarding some 88 acres off Old Scenic Highway near Zachary. 

GLO Resources moving its headquarters after buying building on Perkins

GLO Resources LLC has purchased a three-story building on the corner of Perkins Road and Quail Oak Drive for $2 million, according to documents with the East Baton Rouge Parish Clerk of Court's office.

Expect a slow spring for the Baton Rouge residential housing market

Baton Rouge-area residential real estate experts are not forecasting strong sales heading into spring as the nation’s housing market continues to cool from rising mortgage rates. 

See what’s replacing the former Smoothie King near LSU

The former Smoothie King drive-thru outside the LSU North Gates will reopen as a late-night calzone restaurant called D.P. Dough.

Fidelity Bank purchases property on Bluebonnet to open branch

Fidelity Bank will open its second Capital Region branch, in the unoccupied former bank building across from the Renaissance Hotel.
home

Construction on renamed Northridge neighborhood near Baker expected in Q3

Developer Jeff Vallee expects construction for the first phase of the 735-lot, 186-acre Northridge neighborhood near Baker to begin in the third quarter of this year, assuming regulators approve.  

Developer buys 150 acres in Merrydale to build apartments and senior-living facility

CST Land Developers LLC has purchased 150 acres of undeveloped land in Merrydale for $1.22 million, according to documents with the East Baton Rouge Parish Clerk of Court's office.

Lafayette developers buy land to build a hotel near Essen and I-10 

Two side-by-side properties on One Calais Avenue have been purchased for the sum of $1.31 million, according to documents filed with the East Baton Rouge Parish Clerk of Court's office.

Two new businesses moving into Highland Park Marketplace

Jimmy John’s and a new anti-aging clinic are the latest tenants moving into Highland Park Marketplace off Old Perkins and Highland roads. 

Plastic surgery clinic sells to AIDS nonprofit for $1.6M

A former doctor's office and plastic surgery clinic on Cumberland Place has sold for $1.6 million, according to documents with the East Baton Rouge...

Homebuilder Troyer Builders expanding to Baton Rouge market

Troyer Builders, a Metairie-based builder of custom homes, is expanding to the Baton Rouge metro. 
downtown baton rouge

Downtown’s dilemma

Demand is there for downtown residential units, yet high land costs are limiting development and deals that are getting done are marketed to higher-end renters to make the numbers work.
residential real estate

Will EBR’s new master plan increase focus on infill development?

City-parish officials are beginning the effort to update FuturEBR, the five-year master plan that is meant to guide development in Baton Rouge and the parish’s unincorporated areas.