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Derbes Falgoust Commercial Real Estate

Right Place, Right Time: Industrial Space is the New Hot Property

It's a market situation that gets real estate professionals excited: As supply and demand begin to converge, deals happen quickly and prices start to rise. The market for industrial space is approaching that point in parts of greater Baton Rouge as big plant expansions generate the first ripples of new business activity. "Demand is extremely high,"...
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Cook: Louisiana Culinary Institute buys office warehouse

Event Holdings LLC, an affiliate of the Louisiana Culinary Institute, has purchased an office warehouse on a 1 acre site at the corner of Jefferson Highway and Arnold Road. The seller, Topaz of Louisiana Inc., was represented by Scot Guidry of Mike Falgoust & Associates Commercial Real Estate. The culinary institute was represented by Bobby Smi...
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Louisiana Leads Nation in Industrial Construction Value

Louisiana led all U.S. states in the value of industrial construction projects during 2013 and was ranked second overall for all commercial construction, according to a new report released Tuesday. Nearly $4.9 billion in direct industrial construction spending happened in Louisiana last year, well ahead of Iowa, which was second with just over $2 b...
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Central shopping center sells for $2.47M

Central's City Market Shopping Center, located at 18564 Magnolia Bridge Road, has been sold for approximately $2.47 million, says Justin Langlois of Mike Falgoust & Associates Commercial Real Estate, who represented the seller in the deal. Built in 2007 and patterned off of a shopping center in Destin, Florida, City Market is located 2.5 miles ...
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EBR commercial, residential permitting up in May

Baton Rouge Real Estate More commercial and residential projects in East Baton Rouge Parish received permits to proceed last month compared to the same period last year. According to new figures out from the city-parish Department of Public Works, a total of 64 commercial projects received permits in May, up from 60 last year. Residential permits, ...
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Walmart buys Denham Springs land for development of neighborhood market, gas station

Walmart, through its real estate business trust, has purchased a roughly 5.8-acre tract at the corner of La. 16 and Vincent Road in Denham Springs, on which it plans to develop one of its neighborhood market stores, which are smaller than its usual retail stores. Walmart also plans to develop a gas station on the site. The retail giant paid $1,392,...
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Investar Bank to build new branch at Commerce Centre in Prairieville

In a deal that closed this afternoon, Baton Rouge-based Investar Bank purchased a 0.8-acre lot at Commerce Centre––a commercial park in Prairieville located on the southwest corner of Airline Highway and Commerce Centre Drive, across from La. 42––for $550,000. The bank intends to immediately begin construction on a full-service branch at the site, ...
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Sixth Office Building Set to Go Up in Bluebonnet Palms

The developers of Bluebonnet Palms Office Park will soon break ground on its sixth office building, which will be owned and occupied by a law firm, says Chris Pike, an investment and development specialist at Mike Falgoust & Associates who represents the office park. Under Bluebonnet HP Holdings LLC, the firm has filed its plan review applicati...
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Third Building Sells in Speculative Coursey Office Park

The third office building at Market Plaza Office Park on Coursey Boulevard has been sold, says Chris Pike, an investment and development specialist at Mike Falgoust & Associates who represents the speculative development. The same limited liability company that purchased the office park's first two buildings—Coursey Condos LLC—purchased the mos...
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Mortgage Default Risk Hits Record HIGH

In a disturbing new finding from the American Enterprise Institute (AEI), the risk of purchase loan defaults under stressful economic conditions hit an all-time high in April. The "flash release" put out on Monday showed the National Mortgage Risk Index (NMRI), climbed to 11.89 last month, meaning that nearly 12 percent of loans would be at risk of...
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