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Apartments off Government sell for $11M
An apartment complex tucked off of Government Street has been sold to a local investor for $11 million, according to land records.
Could a moratorium in Livingston deter future development there?
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.
Baton Rouge’s hottest development trend: Renovating and repurposing old buildings
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.
Two proposed subdivisions off Old Scenic Highway to go before Planning Commission
The Planning Commission next month will consider two new large subdivisions that local developers are proposing off Old Scenic Highway.
How do Louisiana home prices compare to neighboring states?
Louisiana home prices are growing—but they’re growing at a slower pace than other Southern states.
All Star Automotive expanding with used car supercenter
All Star Automotive is expanding its operations with the addition of a used car supercenter at the corner of Airline Highway and Coursey Boulevard.
Century Communities announces expansion into Baton Rouge housing market
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.
City-parish issues violations against current owners of former Salsbury’s Dodge location
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.
Baton Rouge average rental price growth below national average
The growth in Baton Rouge rental prices has begun to cool as average prices nationwide approach pre-pandemic levels.
Length of time to sell a home in Baton Rouge has more than doubled...
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.
Elder Outreach nonprofit buys office building off Bluebonnet
Nonprofit organization Elder Outreach has bought the office building it has operated out of for years off of Bluebonnet Boulevard.
More US homeowners were equity rich in Q2, but Louisiana lags
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.
Why Baton Rouge office sale prices are rising despite fewer sales
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.
Retail remains a real estate bright spot
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.
Insurance costs, interest rates slowing Baton Rouge multifamily sales
Rising interest rates and the skyrocketing cost of insurance are the main factors slowing the market for apartment buildings, local professionals say.
Baton Rouge industrial real estate market sees dip
Sales in the industrial real estate sector for Baton Rouge dipped last month as the market remains underbuilt and undersupplied.
Louisiana metros rank low on US emerging housing market index
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.
Will expected interest rate hike further cool the local commercial real estate market?
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.
Self-storage facility planned in front of Tin Roof brewery
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 group buys land in Health District for apartment community
Hammond-based Stoa Group closed on more than six acres on Picardy Avenue last week for its planned Heights at Picardy apartment community.
