Louisiana Archives - REBusinessOnline

GMH Communities, AEW Capital Buy Two Student Housing Communities Near Clemson University, LSU

John Nelson — Tue, 23 Dec 2025 15:37:28 +0000

CLEMSON, S.C. AND BATON ROUGE, LA. — A joint venture between GMH Communities and AEW Capital Management has acquired two student housing communities in Clemson and Baton Rouge. The acquisitions included Dockside at Clemson, a 633-bed student housing property located near the Clemson University campus in South Carolina; and Flatiron, a 293-bed community located near Louisiana State University (LSU) in Baton Rouge. Dockside has been rebranded The Cove at Clemson as part of the acquisition. The property offers units in studio, one-, two-, three- and four-bedroom configurations with bed-to-bath parity. Shared amenities include study rooms and lounges, a coffee bar, fitness center, lakefront boardwalk, game room, dog park and walking paths. Flatiron offers units in studio, one-, four- and five-bedroom configurations with bed-to-bath parity. Shared amenities include a fitness center, computer lab, pool, grilling station, yoga studio, clubhouse, dog park and study rooms. Mike Brady, Jake Wisness, Bill Maloney and Jake Davidson of JLL secured financing for the acquisition. Teddy Leatherman of JLL brokered the acquisition of the properties from seller Fountain Residential. Terms of the transaction were not released.

The post GMH Communities, AEW Capital Buy Two Student Housing Communities Near Clemson University, LSU appeared first on REBusinessOnline.

Steady Amid Constraints: The Greater New Orleans Industrial Market

John Nelson — Mon, 15 Dec 2025 12:56:00 +0000

The Greater New Orleans industrial real estate market in 2025 is characterized by steady but cautious demand, where a persistent lack of new supply continues to limit product availability and constrain tenant options despite a user base that shows signs of wanting to grow. While local prospects for business are good, tenants seem to be keeping a wary eye on national economic trends. Interest rates have increased borrowing costs, prompting tenants to delay expansions and relocations as they navigate tighter budgets. Decision making is further slowed by uncertainty surrounding potential tariffs and their possible effects on material costs that could ripple through supply chains. High insurance premiums in a region affected by hurricanes force operators to reallocate funds from growth initiatives to coverage. Construction costs remain elevated; combined with a scarcity of viable development sites, speculative builds are extremely rare, which keeps inventory tight. These headwinds, some of which should sound familiar in other markets around the country, have slowed deal velocity, though there are projects in the works that can build momentum in South Louisiana. The $1.8 billion Louisiana International Terminal (LIT) in St. Bernard Parish, a public-private partnership with Ports America and Terminal Investment Ltd., begins construction in…

The post Steady Amid Constraints: The Greater New Orleans Industrial Market appeared first on REBusinessOnline.

C1 Development, GMH Receive Approval for 1,000-Bed Student Housing Development Near Louisiana State University

John Nelson — Tue, 09 Dec 2025 14:51:10 +0000

BATON ROUGE, LA. — A joint venture between C1 Development and GMH Communities has received approval for a student housing development at 6800 Burbank Drive near the Louisiana State University (LSU) campus in Baton Rouge. The development can span up to 1,000 beds and is set to offer cottage- and garden-style units, as well as townhomes, in two-, four- and five-bedroom configurations. Shared amenities will include a resort-style pool, modern fitness center, resident lounge, business center and study rooms. Construction is expected to begin next fall with completion scheduled for fall 2028.

The post C1 Development, GMH Receive Approval for 1,000-Bed Student Housing Development Near Louisiana State University appeared first on REBusinessOnline.

New Orleans CBD Continues to Transition from Office-Centric to 24/7 Destination

John Nelson — Mon, 08 Dec 2025 12:31:00 +0000

One cannot talk about, analyze, nor understand the New Orleans Central Business District (CBD) office market without a corresponding discussion of the entire CBD, not just the office building submarket. This is especially true when we look at the evolution of the New Orleans CBD since the late 1980s, and, more specifically to this article, since Hurricane Katrina. The New Orleans CBD office market is still the largest office submarket in this region. The submarket contains approximately 10.3 million rentable square feet. The balance of our submarkets (East Metairie, West Metairie, Kenner, Elmwood, West Bank, New Orleans East and the Northshore) contain a total of 8.6 million rentable square feet. More importantly, the CBD remains home for most of New Orleans’ “corporate” tenants, virtually all the region’s major law firms and financial institutions. That is the good news. However, the CBD has been transformed over the past 30+ years — and especially for the past two decades after Hurricane Katrina — from a traditional office-centric CBD to a mixed-use downtown area. The supply of office space in the CBD has shrunk from 70 buildings and 16.5 million rentable square feet in 1991, to 50 buildings and 13.8 million rentable square…

The post New Orleans CBD Continues to Transition from Office-Centric to 24/7 Destination appeared first on REBusinessOnline.

Saronic to Invest $300M to Expand Shipyard in Franklin, Louisiana

John Nelson — Thu, 04 Dec 2025 15:33:14 +0000

FRANKLIN, LA. — Saronic Technologies, an Austin-based manufacturer for the defense and space industries, has announced plans to invest $300 million to expand its existing shipyard in Franklin, a city in southern Louisiana’s St. Mary Parish. The shipyard first became operational in April. The new investment will allow Saronic to meet client demand for its fleet of autonomous ships, or Autonomous Surface Vessels (ASVs). The company broke ground last month on the expansion, which will add 300,000 square feet of manufacturing space to its site near the Atchafalaya River, which feeds into the Gulf of Mexico. The project will comprise three new slips, expand its existing warehouse and establish a production line for assembly of its ASVs, namely Marauder, the company’s 180-foot autonomous ship. Saronic worked with Louisiana Economic Development, St. Mary Parish and other government offices on the expansion, which will add 1,500 skilled jobs to the Gulf Coast region. Private partners on the design-build team include JacobsWyper Architects, P2S, KPFF, JE Dunn and Alberici. The project is slated for completion by the end of 2026, with expanded operations coming on-line in early 2027. Saronic is also planning its next-generation Port Alpha shipyard, details of which were not released.

The post Saronic to Invest $300M to Expand Shipyard in Franklin, Louisiana appeared first on REBusinessOnline.

Metro New Orleans Multifamily Market Remains Balanced 20 Years Post-Katrina

John Nelson — Mon, 01 Dec 2025 12:28:00 +0000

August 29, 2005 — a day no New Orleanian will forget: Hurricane Katrina. It has been two decades since the levees were breached and flood waters took over the city’s streets, homes and businesses. It was an event that changed the trajectory of the city of New Orleans. Twenty years later and the resiliency of New Orleans to always push on is evidenced by the stability of our multifamily market. Through a period of demolition, renovation and rebuilding, the overall market remains stable. The barriers to entry in the Metro New Orleans multifamily market are significant, and today as in the past, the equilibrium between supply and demand remains in sync. Like other Sun Belt markets, insurance premiums, interest rates and affordability are factors. However, they have not been a deterrent to the viability of the market or interest from investors and the capital markets. Our inventory of more than 55,000 units (professionally managed) spread out over seven parishes, remains strong. Overall metro occupancy is being reported between 92 to 94 percent with average rents of $1,300 per month. Parish by parish Eastern New Orleans and Algiers, which each have an inventory of approximately 4,000 units, offers the most affordable…

The post Metro New Orleans Multifamily Market Remains Balanced 20 Years Post-Katrina appeared first on REBusinessOnline.

Feil Signs Navy Federal Credit Union to 3,300 SF Retail Lease in Metairie, Louisiana

John Nelson — Tue, 18 Nov 2025 14:35:42 +0000

METAIRIE, LA. — The Feil Organization has signed Navy Federal Credit Union to a 3,300-square-foot retail lease at 3506. N. Causeway Blvd. in Metairie, about eight miles northwest of New Orleans. The new retail bank branch will sit adjacent to Causeway Plaza, an office building owned by Feil. Kirsten Early of SRSA Commercial Real Estate represented the tenant in the 10-year lease deal. Colette Wharton and Katina Spera represented Feil on an internal basis. Feil expects construction on the Navy Federal Credit Union branch to finish in fall 2026.

The post Feil Signs Navy Federal Credit Union to 3,300 SF Retail Lease in Metairie, Louisiana appeared first on REBusinessOnline.

Investment Group Purchases 77,760 SF Office Park in Metro New Orleans, Plans $1M Overhaul

John Nelson — Wed, 05 Nov 2025 15:24:34 +0000

JEFFERSON, LA. — Robertson St. Ventures LLC, a group of local real estate investors led by Richard Juge of REMAX Commercial Brokers, has acquired Elmwood Oaks Office Park, a four-building, 77,760-square-foot office campus located at 201 Evans Road in Jefferson, roughly eight miles west of New Orleans in Jefferson Parish. The seller and sales price were not disclosed. Robertson St. Ventures plans to invest over $1 million in renovations to modernize the 6.6-acre complex, which features surface parking and a courtyard with 300-year-old oak trees. Planned improvements include new flooring, paint, ceilings, lighting, energy-efficiency upgrades, enhanced landscaping and modernized tenant amenities such as renovated common kitchens and restrooms, as well as new outdoor amenities. One of the buildings at Elmwood Oaks is currently vacant, according to Robertson St. Ventures.

The post Investment Group Purchases 77,760 SF Office Park in Metro New Orleans, Plans $1M Overhaul appeared first on REBusinessOnline.

Legacy Realty Group Negotiates Sale of 84,146 SF Shopping Center Near Baton Rouge

John Nelson — Wed, 29 Oct 2025 13:38:43 +0000

PLAQUEMINE, LA. — Legacy Realty Group Advisors has negotiated the sale of Belleview Shopping Center, an 84,146-square-foot retail center located in Plaquemine, roughly 14 miles south of Baton Rouge. Rouses Supermarkets anchors the property. Additional tenants include Dollar General, Citi Trends, Hibbett Sports and AT&T. Belleview Shopping Center was built in 1992 on 7.5 acres. Jacob Baruch and Ari Warshaw of Legacy Realty Group Advisors represented the buyer in the transaction, while Zach Taylor and Eric Abbott of Marcus & Millichap represented the seller.

The post Legacy Realty Group Negotiates Sale of 84,146 SF Shopping Center Near Baton Rouge appeared first on REBusinessOnline.

IPA Negotiates Sale of Two-Property Southeast Student Housing Portfolio Totaling 1,188 Beds

John Nelson — Thu, 23 Oct 2025 13:55:15 +0000

ATHENS, GA. AND BATON ROUGE, LA. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of a two-property student housing portfolio totaling 1,188 beds in Georgia and Louisiana. The transaction included The Lodge of Athens, a 480-bed property serving students attending the University of Georgia; and Wildwood Baton Rouge, a 708-bed community located near Louisiana State University. Peter Katz of IPA — in association with Steve Greer and John Leonard of Marcus & Millichap — represented the seller, a joint venture between Alden Street Capital and an undisclosed institutional partner, and procured the buyer, Pumphouse Residential Group, in the transaction.

The post IPA Negotiates Sale of Two-Property Southeast Student Housing Portfolio Totaling 1,188 Beds appeared first on REBusinessOnline.

Monument Square, JDI Realty Acquire 532-Bed Student Housing Community Near Louisiana State University

Abby Cox — Fri, 10 Oct 2025 13:58:48 +0000

BATON ROUGE, LA. — A joint venture between Monument Square Investment Group and JDI Realty has acquired Maison Burbank, a 532-bed student housing community located near the Louisiana State University (LSU) campus in Baton Rouge. The garden-style property was developed in 1996 and renovated in 2017. The joint venture plans to begin capital improvements to the property immediately, including new roofing and performing the postponed maintenance and repair work for the drive aisles and parking lots. The community offers 134 units in two- and four-bedroom floorplans. Amenities include a resort-style swimming pool, picnic and grilling area, sand volleyball court, 24-hour fitness center, coffee bar and a dog park. The property was 98.5 percent leased at the time of sale. The seller and terms of the transaction were not released.

The post Monument Square, JDI Realty Acquire 532-Bed Student Housing Community Near Louisiana State University appeared first on REBusinessOnline.

KDC Delivers $31M Operations Center in Ruston, Louisiana for JPMorgan Chase

John Nelson — Wed, 08 Oct 2025 15:02:25 +0000

RUSTON, LA. — KDC has delivered a 50,000-square-foot call center and operations hub for JPMorgan Chase in Ruston, a north Louisiana city located about 68 miles east of Shreveport via I-20. The $31 million Chase Operations Center is an extension of an existing customer support center in Monroe, which is about 32 miles east of Ruston. Situated on 5 acres along Woodward Avenue, the facility opened with 50 employees and has the capacity to grow to 200. The design-build team includes architect HKS and general contractor Lincoln Builders Inc.

The post KDC Delivers $31M Operations Center in Ruston, Louisiana for JPMorgan Chase appeared first on REBusinessOnline.

Cushman & Wakefield Brokers Sale of 93-Room Hotel Indigo in Downtown Baton Rouge

John Nelson — Tue, 07 Oct 2025 14:20:09 +0000

BATON ROUGE, LA. — Cushman & Wakefield has brokered the sale of the seven-story, 93-room Hotel Indigo located at 200 Convention St. in downtown Baton Rouge. Jesse Lastofsky, David Greenberg, Gabriel Shamay, Chris Passeggiata, Rick Redmond, Ely Silverstein and Craig Hey of Cushman & Wakefield represented the seller, an entity doing business as Project King LLC, in the transaction. A&R Development Co. acquired the hotel for an undisclosed price. The Hotel Indigo spans 46,676 square feet and offers an onsite fitness center, full-service restaurant and bar, complimentary Wi-Fi and pet-friendly accommodations.

The post Cushman & Wakefield Brokers Sale of 93-Room Hotel Indigo in Downtown Baton Rouge appeared first on REBusinessOnline.

SRS Negotiates $10.4M Sale of Retail Property in Shreveport, Louisiana Leased to Academy Sports

Abby Cox — Mon, 06 Oct 2025 13:54:57 +0000

SHREVEPORT, LA. — SRS Real Estate Partners has negotiated the $10.4 million sale of a single-tenant retail property in Shreveport leased to Academy Sports + Outdoors. The Texas-based sporting goods retailer occupies the 72,525-square-foot building on an absolute triple-net, corporate-guaranteed lease with 13 years remaining. Built in 2018, the property is situated on roughly 7.7 acres. Michael Berk, Patrick Nutt and Chip Watson of SRS’ Capital Markets team represented the seller, a private investor, in the transaction. The buyer was a publicly traded REIT. Both parties requested anonymity.

The post SRS Negotiates $10.4M Sale of Retail Property in Shreveport, Louisiana Leased to Academy Sports appeared first on REBusinessOnline.

Disney Investment Group Negotiates Sale of 157,818 SF Shopping Center in Lake Charles, Louisiana

John Nelson — Tue, 30 Sep 2025 14:07:05 +0000

LAKE CHARLES, LA. — Disney Investment Group (DIG) has negotiated the sale of Southgate, a 157,818-square-foot shopping center located in Lake Charles. The center has been anchored by a 37,442-square-foot Market Basket grocery store for nearly 40 years. Additional tenants at the property, which was 90.8 percent leased at the time of sale, include Dollar Tree, Office Depot, Books-A-Million and Oak Street Health. David Disney and Adam Crockett of DIG represented the seller and procured the buyer in the transaction. The sales price was not released.

The post Disney Investment Group Negotiates Sale of 157,818 SF Shopping Center in Lake Charles, Louisiana appeared first on REBusinessOnline.

Churchill Stateside Provides $11M Construction Loan for Seniors Housing Adaptive Reuse Project in New Orleans

John Nelson — Mon, 22 Sep 2025 12:32:00 +0000

NEW ORLEANS — Churchill Stateside Group LLC has closed an $11 million construction loan for Canal Crossing, a 49-unit affordable seniors housing development in New Orleans. Churchill Stateside provided the tax-exempt loan through Churchill Mortgage Construction LLC. The project, which is being financed in part with low-income housing tax credits (LIHTC), is an adaptive reuse of a historic building at 2640 Canal St. and will be reserved for households age 55 and older. Canal Crossing will feature three units reserved for households earning 30 percent of the area median income (AMI), eight units at 50 percent AMI, 24 units at 60 percent AMI and 14 units at 70 percent AMI. The developer and other details of Canal Crossing were not disclosed.

The post Churchill Stateside Provides $11M Construction Loan for Seniors Housing Adaptive Reuse Project in New Orleans appeared first on REBusinessOnline.

Marcus & Millichap Brokers $6.8M Sale of Village Square Shopping Center in Baton Rouge

John Nelson — Thu, 11 Sep 2025 14:49:33 +0000

BATON ROUGE, LA. — Marcus & Millichap has brokered the $6.8 million sale of Village Square, a 47,000-square-foot shopping center located at 3132 College Drive near the Louisiana State University (LSU) campus in Baton Rouge. Situated near the intersection of I-10, the property is shadow-anchored by Walmart and was leased to tenants including Office Depot, Sally Beauty, Coffee Call, Classy Nails, Teatery & Tapioca and Juicy Seafood at the time of sale. Zach Taylor and Eric Abbott of Marcus & Millichap’s Taylor McMinn Retail Group represented the seller, an unnamed developer based in Tennessee, in the transaction. Steve Greer served as Marcus & Millichap’s broker of record in Louisiana in the deal. The buyer was not released. Don McMinn and Andrew Koriwchak of Taylor McMinn Retail Group also negotiated the $5.2 million sale of Village Square’s two outparcels, which are leased to Capital One and IHOP, in May on behalf of the same seller.

The post Marcus & Millichap Brokers $6.8M Sale of Village Square Shopping Center in Baton Rouge appeared first on REBusinessOnline.

Joint Venture Acquires 381-Bed Student Housing Community Near Louisiana State University

John Nelson — Tue, 19 Aug 2025 14:54:25 +0000

BATON ROUGE, LA. — A joint venture between affiliates of Monument Square Investment Group and a New York-based single-family office has acquired University Grove, a 381-bed student housing community located 2.7 miles south of the Louisiana State University (LSU) campus in Baton Rouge. Developed in 2024, the property offers 127 cottage-style units in three-bedroom configurations with bed-to-bath parity. Capital improvements are planned for the property, including upgrades to landscaping and amenity spaces. The community was 98.5 percent leased at the time of sale. The seller and terms of the transaction were not released.

The post Joint Venture Acquires 381-Bed Student Housing Community Near Louisiana State University appeared first on REBusinessOnline.

DLC, DRA Advisors Acquire Whole Foods-Anchored Shopping Center in Baton Rouge for $81M

Abby Cox — Mon, 18 Aug 2025 14:49:55 +0000

BATON ROUGE, LA. — A partnership between New York-based companies DLC and DRA Advisors has acquired Towne Center at Cedar Lodge, a 316,031-square-foot shopping center located near the Louisiana State University (LSU) campus in Baton Rouge. The purchase price was $81 million, according to the Baton Rouge Advocate. The seller was undisclosed. Whole Foods Market anchors the property, which was 93 percent leased at the time of sale. Other tenants include Barnes & Noble, Nike, Gap and Ulta Beauty.

The post DLC, DRA Advisors Acquire Whole Foods-Anchored Shopping Center in Baton Rouge for $81M appeared first on REBusinessOnline.

Reynolds Obtains $23.2M Agency Refinancing for Apartment Community in Bossier City, Louisiana

John Nelson — Thu, 07 Aug 2025 12:31:00 +0000

BOSSIER CITY, LA. — New Jersey-based investment firms Reynolds Asset Management has obtained a $23.2 million Fannie Mae loan for the refinancing of Preston Place, a 272-unit apartment community located at 400 Preston Blvd. in Bossier City, a suburb of Shreveport, La. Allan Edelson of Walker & Dunlop arranged the financing. Devli Real Estate is a joint venture partner of Reynolds for Preston Place. Reynolds acquired Preston Place in 2023 for $23.7 million, and renovations began immediately after the acquisition. Originally constructed in 1985, Preston Place sits on eight acres and comprises a mix of 133 one-bedroom apartments, 138 two-bedroom apartments and one three-bedroom apartment.

The post Reynolds Obtains $23.2M Agency Refinancing for Apartment Community in Bossier City, Louisiana appeared first on REBusinessOnline.