The July 25, 2022 issue covers eleven commercial sales recorded across Baton Rouge the previous week, totaling $5.1M in disclosed volume. The headline deal: Aldi Inc, the German-based grocery store chain, paid $1.88M ($24.60/Land SF) for a lot at Siegen Lane and I-10 near the Siegen Lane Village Shopping Center. Land led the week with three of the eleven sales,...
DOWNLOAD FULL REPORT (PDF) The commercial real estate market is again on pace to break the $1 billion mark in transaction volume for 2022. After the first 6 months of 2022, there have been 280 transactions totaling $614.1mm in transaction volume. Multifamily continues to experience the highest transaction volume at $302.8mm, accounting for 49.3% of the total. The number of...
The July 18, 2022 issue covers six commercial sales recorded across Baton Rouge the previous week, totaling $47.5M in disclosed volume. The headline deal: BR1 Holdings LLC, a Virginia-based firm, paid $45.6M ($155,004/unit) for The Bradshaw apartment complex on July Street near LSU's North Gates. Multifamily led with two of the six sales, including the 187-unit Jefferson Shadows Apartments near...
The July 11, 2022 issue covers sixteen commercial sales recorded across Baton Rouge the previous week, totaling $27.9M in disclosed volume. The headline deal: 4888 Hooper Road LA LLC, California-based investors, paid $11.8M ($66,761/unit) for Hooper Pointe Apartments near Hooper Road and Plank Road. Multifamily led the week with five of the sixteen sales, including the 72-unit Edgewood Place Apartments...
The July 4, 2022 issue covers thirteen commercial sales recorded across Baton Rouge the previous week, totaling $61.2M in disclosed volume. The headline deal: RK Dawson Park DST, for California-based multifamily investment company RK Properties, paid $45.7M ($295,000/unit) for Dawson Park Apartments, a four-story, 155-unit complex on Picardy Avenue in the health district. Multifamily, retail and industrial each accounted for...
June 28, 2022 - Baton Rouge, LA – Currently under construction, Conway Village Center is scheduled to open later in 2022 and will feature several retail suites for businesses seeking proximity to the 344-acre, master-planned community Conway. Situated at the entrance to Conway and fronting Highway 44, this community retail center will create a welcoming atmosphere for visitors and is conveniently...
The June 27, 2022 issue covers fourteen commercial sales recorded across Baton Rouge the previous week, totaling $9.88M in disclosed volume. The headline deal: Howell Village LLC, for Gulf Coast Housing Partnership Inc, paid $4M ($1.94/Land SF) for a 47-acre vacant lot on 72nd Avenue near Plank Road and Airline Highway. Land and multifamily led with four sales each, as...
June 21, 2022- Baton Rouge, LA – Since 2013, developer Vedant Vasanji has completed work in numerous sectors of real estate including multifamily housing and property management. In January 2018, Vasanji was drawn to the Baton Rouge market after seeing the Greenside Ridge Apartments as a potential opportunity. The 60-unit apartment complex on Prescott Road in North Baton Rouge had...
The June 20, 2022 issue covers nine commercial sales recorded across Baton Rouge the previous week, totaling $35.2M in disclosed volume. The headline deal: Commerce on Laurel LLC, the owners of Price Leblanc Automotive, paid $24.7M ($137/SF) for the Commerce Building at 333 Laurel Street in downtown Baton Rouge. Retail led the week with three of the nine sales, including...
DOWNLOAD FULL REPORT (PDF) The Commercial Sales market is continuing to see record year-to-date numbers in 2022 for both total number of sale transactions and total dollar volume transacted – 220 and $454.4mm respectively. After a record year for Multifamily sales in 2021, the total dollar volume year-to-date in 2022 is more than double last year’s figure – $215.8mm vs. $101.9mm. All sectors...
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