30 Dec BREC sells 53-acre Woodstock Park
The December 30, 2019 issue covers nine commercial sales recorded across Baton Rouge the previous week. The headline deal: Woodstock Park LLC bought BREC's Woodstock Park, a 53-acre tract at 14001 Nicholson Drive. Service Corporation International bought two Rabenhorst funeral homes, on Government Street and on Florida Boulevard, plus former Rabenhorst acreage on Perkins Road, while a Minnesota-based company bought...
27 Dec What Type of Commercial Property Has the Best Returns?
Commercial real estate is broken down into four major categories: Office Retail Multi-family Industrial But within these four major categories there is a lot of variety. For instance, a retail space could be a small strip mall, a single building, or a full-sized mall. A multi-family property can range from a building that contains four apartments or 100 apartments to a...
24 Dec Top 5 Commercial Real Estate Owner Mistakes of 2019
This is Mathew Laborde, CCIM, coming to you on Christmas Eve from Elifin Realty. So far in 2019, I've done a total of 84 transactions. In those 84 transactions, I've seen a lot of good and a lot of bad. Here's my list of the top 5 mistakes that I've seen commercial real estate property owners make in 2019, that...
23 Dec 2 Large Multifamily Sales + New Jones Creek Restaurant
The December 23, 2019 issue covers seven commercial sales recorded across Baton Rouge the previous week. The headline deal: Contour Sable Chase LLC, Michigan-based Contour Companies, bought the 208-unit Sable Chase Apartments at 1860 Boulevard de Province between Old Hammond Highway and I-12. DSLD Homes bought 50 lots off Burbank Drive near Cordova Avenue for The Cottages at University Villas...
23 Dec How Do I Choose the Right Commercial Real Estate Broker?
When you’re ready to list your commercial real estate, whether it’s an investment property or a brick and mortar storefront you used for your business, one question looms large: How do I choose the right commercial real estate broker? There are a few things to take into consideration, including the size of the brokerage, their location, and whether or not you connect...
20 Dec What Is a Good Percentage Return on Commercial Property in Baton Rouge?
The return on commercial investment property in Baton Rouge can vary, and your goals determine whether or not the percentage return is good or not. Many people who own investment properties are using their returns as retirement income, supplemental or otherwise. For these people, a more secure deal is desirable over a high risk deal where they may lose some money....
19 Dec What is considered commercial real estate?
While it is indeed a broad term, to put it simply, commercial real estate is every single property short of a single-family residential home. If it's not a single-family detached residential home, condo, or town-home — you can place a safe bet on the fact that it's commercial. In comparison to residential, commercial real-estate is also often considerably larger spaces than...
18 Dec How do I find the value of a commercial property?
Finding the value of a commercial property can be exceptionally trickier than that of a residential. The reason for this is because you're usually provided with a long list of comparable residential properties that have already sold. So, when you're in a subdivision, you may be in one house out of a hundred or even several hundred that can be...
16 Dec How Do I Get into Commercial Real Estate?
Getting into commercial real estate requires a level of dedication and commitment all its own. Because of this, it’s important that you take some time to assess why you really want to be in commercial real estate and how badly you want to make it a reality. The first step to getting into commercial real estate is to make the decision...
16 Dec CJ Brown Sells Airline Office Building + East Baton Rouge Sewerage Commission Purchases Former All Star Nissan Location
The December 16, 2019 issue covers six commercial sales recorded across Baton Rouge the previous week. The headline deal: JMB & J Property LLC, the president of TEI Technology Engineers, Inc., bought the former C J Brown office at 14452 Airline Highway near Highland Road. The East Baton Rouge Sewerage Commission bought the former All Star Nissan location on Florida...
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