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Derbes Falgoust Commercial Real Estate

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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NNN Market Update

As the purchase and sale of single tenant NNN space continues its torrid pace into the first quarter of 2014, the financing for such transactions is also at record production levels. The number of 1031 exchanges has been on the rise over the past few years, and the the NNN space has become a favored place for exchange buyers to park their money due...
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High Turnover in Office Ownership Confirms Growing Strength of Secondary Markets

Last year saw the return of a thriving office investment market, so much so in fact, that several local markets saw significant chunks of their overall stock of buildings change hands in 2013. Analyzing such office inventory turnover can provide a good barometer of where office investment dollars are flowing, and also reveal markets that offer oppo...
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IRS To Converters: Go REIT Ahead!

In the equivalent of an NFL referee throwing a penalty flag and then picking it up and saying "never mind," the IRS has notified three firms seeking to reorganize their real property holdings into new REITs that it will resume working on their conversion requests. The three companies in the process of REIT conversions - Lamar Advertising Co., Iron ...
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What is the Difference Between Class A, B, and C Office Space

When showing office space to tenants, we are often asked questions regarding the classification of the office space. The most often asked question is, " What is the difference between Class A office space, Class B office space and Class C office space?" There is no simple answer because national organizations across the country define it differentl...
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September Sales Tax Revenues Increase 5.8%

Good news for Baton Rouge businesses and residents...according to the Baton Rouge Business Report, sales tax revenues increased 5.8% in the month of September. City and parish sales tax revenues increase 5.8% Sales tax collections in the city and parish, excluding vehicle taxes, rose to $12.8 million in August from $12.1 million a year ago-an incre...
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Louisiana Has Economic Momentum

According to a recent article on the Baton Rouge Business Report's Daily Report, Louisiana is doing better than a majority of the country as it climbs out of the recession. More good news for Louisiana and Baton Rouge! Louisiana compares well to most other states, economic data shows A new index of indicators of state economic momentum shows state ...
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