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SpaceX to Invest $100B in Spaceport Campus in Vermilion Parish, Louisiana

Matthew Auchincloss — Wed, 26 Aug 2026 12:30:00 +0000

VERMILION PARISH, LA. — Space Exploration Technologies Corp. (SpaceX) (NASDAQ:SPCX) plans to invest at least $100 billion to build a spaceport facility in Vermilion Parish, located southwest of Lafayette in coastal Louisiana. The site, which will be named Starbase, Louisiana, is located on an 18-mile strip of Pecan Island. At full build-out, the site will feature five launch complexes with two launchpads, each facilitating thousands of space launches annually, as well as propellant production facilities. SpaceX intends to begin construction in 2027 and launch its first rocket from the location by 2029. Starbase, Louisiana will eventually be the company’s largest launch site, per SpaceX. “We’re preparing to build a spaceport that, until now, has only existed in science fiction,” Founder and CEO of SpaceX Elon Musk said. “SpaceX was founded to bring about a future where humans are out exploring amongst the stars, which will only be possible when we make going to space as routine as flying on an airplane. Starbase, Louisiana will unlock that future.” The company brokered a Payment in Lieu of Taxes (PILOT) agreement with Vermilion Parish that will see the parish receive a $20 million upfront payment as well as $25 million each year for…

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Amazon to Invest $6B to Build New Data Center Campus in Shreveport, Louisiana

Abby Cox — Mon, 24 Aug 2026 14:03:06 +0000

SHREVEPORT, LA. — Amazon has unveiled plans to invest an estimated $6 billion in northwest Louisiana for the development of a new data center. The data center, which will be located at Resilient Technology Park in Shreveport, is expected to create 210 direct jobs and 499 indirect jobs. This expansion marks the third data center planned in the state, bringing Amazon’s data center investment in Louisiana to $18 billion. The announcement comes less than six months after its initial $12 billion investment in February. Amazon will continue to partner with STACK Infrastructure, the developer and owner of the three planned campuses, to lead the construction and development of the data center facilities. The data centers in Louisiana are expected to rely on air cooling for most of the year, using water for cooling only when temperatures exceed approximately 85 degrees Fahrenheit —which is anticipated to occur less than 13 percent of the year in the region. Amazon also plans to invest up to $400 million in public water infrastructure to support all three campuses and has coordinated with local utilities to ensure sufficient capacity for both its facilities and existing customers. The company says it will fund all water and wastewater…

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Marcus & Millichap Arranges Sale of Two Louisiana Multifamily Properties Totaling 462 Units

Abby Cox — Mon, 24 Aug 2026 13:59:25 +0000

BATON ROUGE AND NATCHITOCHES, LA. — Marcus & Millichap has arranged the sale of two multifamily properties totaling 462 units in Louisiana: Magnolia Trace in Baton Rouge and The Melrose in Natchitoches. John Hamilton and Jessica Thompson of Marcus & Millichap marketed the properties on behalf of the undisclosed sellers. Further details of the transaction were also not disclosed. Situated near Louisiana State University (LSU), Magnolia Trace spans 36 residential buildings and features 246 apartments in one-, two- and three-bedroom floorplans. Built in 1975 and renovated in 2025, recent improvements at the property include full roof replacements, façade rehabilitation and interior/exterior infrastructure upgrades. The property includes a swimming pool, leasing office and laundry center. Located adjacent to Northwestern State University’s campus, The Melrose was built in 1973 and comprises 216 apartments that range in layouts from one- to three-bedrooms. Amenities include a swimming pool, fitness center, laundry facilities and walking/biking trails. Recent improvements at the complex include a full roof replacement, HVAC replacements, pool upgrades and new flooring.

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PENN Entertainment to Invest $195M to Relocate Riverboat Casino in New Orleans

John Nelson — Tue, 18 Aug 2026 15:06:02 +0000

NEW ORLEANS — PENN Entertainment Inc. plans to invest approximately $195 million to relocate its Boomtown Casino & Hotel New Orleans riverboat casino operations to a new landside property on adjacent land, pending regulatory approval. If approved, the publicly traded gaming company will rebrand the property, which is expected to open in 2029, as Hollywood Casino New Orleans. The investment will include the build-out of roughly 140,000 square feet of new development, approximately 875 slot machines, 45 table games, a retail sportsbook and multiple dining options. The existing riverboat will be vacated upon opening of the new property, and PENN expects to keep the existing hotel open. The investment would represent the fourth landside relocation of a riverboat casino for PENN, which expects to finance the project with cash on hand, allowing for the option to access its balance sheet or other sources of liquidity. PENN currently operates four other casino destinations in Louisiana, including L’Auberge Casino Resort Lake Charles, L’Auberge Casino Hotel Baton Rouge and Margaritaville Resort Casino and Boomtown Casino Hotel in Bossier City.

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SRS Real Estate Negotiates $8M Sale of Retail Center in Mandeville, Louisiana

Abby Cox — Fri, 14 Aug 2026 14:07:37 +0000

MANDEVILLE, LA. — SRS Real Estate Partners has negotiated the $8 million sale of Mandeville Marketplace, a 62,324-square-foot retail center located in Mandeville. Built in 1988 on six acres, the property was fully leased at the time of sale to five tenants including Altitude Trampoline Park and Crunch Fitness. Sabrina Sapienza and Chad Lieber of SRS Real Estate represented the seller, a Louisiana-based owner. Ben Stalter of Maestri-Murrell represented the buyer, a Louisiana-based private investor, in the transaction. Both parties requested anonymity.

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Marcus & Millichap Arranges Sale of 33,744 SF Retail Center in Prairieville, Louisiana

John Nelson — Thu, 16 Jul 2026 15:08:36 +0000

PRAIRIEVILLE, LA. — Marcus & Millichap has arranged the sale of Commerce Centre, a 33,744-square-foot retail center located at 17097 Airline Highway in Prairieville, about 18 miles southeast of Baton Rouge. Built in 2015 on four acres, the multi-tenant retail center features 14 suites that were 72 percent occupied at the time of sale. Cole Voyles, Gus Lagos and Alex Wolansky of Marcus & Millichap’s Houston office represented the seller, a local owner, in the transaction. Steve Greer, Marcus & Millichap’s broker of record in Louisiana, participated in the negotiations. The buyer was an unnamed, East Coast-based investor. The sales price was also not disclosed, but Commerce Centre traded at the full asking price, according to Marcus & Millichap.

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Muss Development, Amesbury Acquire 270-Unit Apartment Community in Lake Charles, Louisiana

John Nelson — Tue, 16 Jun 2026 13:59:16 +0000

LAKE CHARLES, LA. — Muss Development LLC and Amesbury Cos. have acquired Erdace Apartments, a 270-unit multifamily community in downtown Lake Charles. The seller and sales price were not disclosed. The co-owners assumed a HUD-insured loan as part of the acquisition and have launched a multimillion-dollar renovation of the property, which will be rebranded as The Ryan Apartments. The capital improvement program includes upgrades and redesigns of the lobby, façades, hallways and balconies. Erdace Apartments offers studio, one- and two-bedroom apartments, as well as a clubhouse, lounge, café, fitness center, business center, indoor and outdoor pavilions and a large outdoor swimming pool.

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Audubon Underway on Redevelopment of 446-Unit Apartment Complex in Baton Rouge

John Nelson — Tue, 02 Jun 2026 13:54:15 +0000

BATON ROUGE, LA. — Atlanta-based multifamily investment firm Audubon is redeveloping Fairway View Apartments, a 446-unit complex in the Westdale Heights neighborhood of Baton Rouge. The complex, which Audubon is rebranding as Palmer Club Apartments, is undergoing renovations, including the addition of a fitness center and a centralized mail handling system. Each apartment will receive approximately $8,000 to $10,000 in capital improvements. Palmer Club offers one-, two- and three-bedroom units with rents ranging from $775 to $1,400.

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IPA Brokers Sale of 157-Unit Apartment Community in Lake Charles, Louisiana

John Nelson — Thu, 21 May 2026 13:17:23 +0000

LAKE CHARLES, LA. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of Cottages at Morganfield, a 157-unit multifamily property in Lake Charles. Completed in 2024, the property is situated on 25 acres within the master-planned MorganField development. Will Balthrope and Drew Garza of IPA, along with Chris Shaheen of Marcus & Millichap, represented the seller and procured the buyer, Four Corners Development Group, in the transaction. The seller and sales price were not disclosed. Steve Greer served as Marcus & Millichap’s broker of record in Louisiana for the deal. Cottages at Morganfield features one- or two-bedroom cottage-style apartments averaging 1,057 square feet in size, as well as a swimming pool, clubhouse, fitness center, dog park and a grilling area.

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Kohan Retail Acquires 964,123 SF Pecanland Mall in Monroe, Louisiana

John Nelson — Tue, 12 May 2026 12:15:00 +0000

MONROE, LA. — Kohan Retail Investment Group has acquired Pecanland Mall, a 964,123-square-foot regional shopping center located in Monroe. Originally opened in 1985, the mall features more than 100 specialty shops, along with a food court. Tenants include Belk, Dillard’s, Dick’s Sporting Goods, JCPenney, American Eagle, Aerie, Bath & Body Works, The Children’s Place, Old Navy and Victoria’s Secret. Newmark brokered the transaction. The seller and sales price were not disclosed.

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SRSA Negotiates $7.2M Sale of Ground-Floor Retail Condominium in New Orleans

Abby Cox — Fri, 01 May 2026 13:43:52 +0000

NEW ORLEANS — SRSA Real Estate has negotiated the $7.2 million sale of a ground-floor retail condominium at 1200 Poydras St. in New Orleans near the Caesars Superdome, home of the NFL’s New Orleans Saints. Chick-fil-A and Hurts Donut anchor the 17,270-square-foot space, with Juicy Seafood expected to open immediately. Steve Reisig and Christopher Robertson Jr. of SRSA Real Estate represented the seller, an entity doing business as Poydras Properties II LLC, in the transaction. The buyer requested anonymity.

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Red Oak Capital Provides $8.4M Loan for Hotel-to-Multifamily Conversion Project in Covington, Louisiana

John Nelson — Wed, 01 Apr 2026 13:21:33 +0000

COVINGTON, LA. — Red Oak Capital Holdings LLC has provided an $8.4 million loan for a hotel-to-multifamily conversion project in Covington. The borrower, an investment group represented by Nebo Capital, is using the financing to purchase the former WeStay Suites hotel at 140 Holiday Blvd. and reposition it into an 87-room apartment community. The 12-month bridge loan will fund the $6.9 million acquisition and $1.8 million in planned improvements for the conversion. The five-story, 89,831-square-foot hotel was built on 2.9 acres in 2009 and features an outdoor pool, fitness center and community rooms. The borrower has completed a similar hotel-to-multifamily adaptive reuse project in the Covington area, according to Red Oak Capital. The borrower plans to refinance the bridge loan upon completion of the renovation with permanent or agency debt.

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Skysoar Capital Buys 32-Story One Canal Place Office Tower in New Orleans

John Nelson — Tue, 31 Mar 2026 14:14:31 +0000

NEW ORLEANS — Skysoar Capital Partners has purchased One Canal Place, a 32-story office tower located at 365 Canal St. in New Orleans. The sales price was not disclosed. Johnny Lamberson and Terry Radford of CBRE’s Memphis represented the seller, OCP Office Owner LLC, a partnership formed by Loeb Partners Realty LLC and Aetna. The seller has owned One Canal Place since 2002, according to Corporate Realty, which served as the Louisiana broker of record in the transaction. Corporate Realty will continue to provide property management and leasing services at the tower on behalf of One Canal Place Leasing LLC, a limited liability corporation created by Skysoar Capital. Completed in 1979 near the Mississippi River, One Canal Place encompasses 630,581 rentable square feet of office space and is part of a mixed-use complex that includes The Shops at Canal Place, The Westin New Orleans Hotel and a 1,650-space parking garage. Office tenants include law firm Baker Donelson, which recently signed a nearly 40,000-square-foot lease to occupy the top two floors, as well as Phelps Dunbar LLP; The New Orleans Passport Center; Schouest, Bamdas, Soshea & BenMaier PLLC; Foley & Judell LLP; Salley, Hite, Mercer & Resor LLC; and La Petite…

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Federal Courts Diverge on Takings Clause Protections

John Nelson — Thu, 26 Feb 2026 12:49:00 +0000

By Angela Adolph, Esq. of Kean Miller LLP Recent federal court decisions reveal diverging interpretations of how a landmark Supreme Court ruling on the Fifth Amendment’s takings clause affects state administration of unclaimed property. Taken together, the cases expose state governments to uncertainty and litigation risk over the constitutional limits of their authority. Property, Post-Tyler The current ambiguity reflects increased national scrutiny of state powers in the wake of the U.S. Supreme Court’s pivotal 2023 decision in Tyler vs. Hennepin County, Minnesota. In that case, the county had seized a residential condominium and sold it for $40,000 to satisfy $15,000 in unpaid property taxes. The former owner sought the $25,000 in residual sale proceeds. The Supreme Court found that a taxpayer’s compensable interest in property applies to both the property and equity in the form of excess proceeds generated from a forfeiture sale of that asset. The decision clarified that economic value is property subject to the takings clause, which prohibits taking private property for public use without just compensation. In Tyler, the Supreme Court emphasized that the takings clause protects more than physical possession; it also protects a citizen’s economic value in property. A state cannot deprive a citizen…

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JLL Arranges $61M Loan for Energy Centre Office Tower in New Orleans

John Nelson — Wed, 25 Feb 2026 15:17:29 +0000

NEW ORLEANS — JLL has arranged a $61 million loan for Energy Centre, a 757,257-square-foot office tower located at 1100 Poydras St. in New Orleans. Situated in city’s central business district, the Class A, 39-story building is the fourth-tallest property in New Orleans, according to JLL. Scott Aiese, Alex Staikos and Clayton Ross of JLL arranged the fixed-rate, five-year permanent loan on behalf of the borrower, Triangle Capital Group. Fully renovated in 2009, Energy Centre was 86.4 percent leased at the time of loan closing to a tenant mix that includes legal, finance, medical and other professional services, with a weighted average lease tenure (WALT) of nearly 18 years.

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Red Oak Provides $3.5M Bridge Loan for Apartment Community in Bossier City, Louisiana

John Nelson — Mon, 23 Feb 2026 15:20:03 +0000

BOSSIER CITY, LA. — Red Oak Capital Holdings LLC has provided a $3.5 million bridge loan for the acquisition and repositioning of Swan Lake Apartments, an 82-unit community located at 4632 Ruffin St. in Bossier City. Stratos Athanassiades, Thomas Gorski and James Myatt of Red Oak secured the loan on behalf of the borrower, GemStar Capital Group. The loan features an initial 18-month term and was underwritten at a loan-to-stabilized-value ratio of 73.46 percent. Built in 1970, Swan Lake comprises 12 two-story buildings and was 82 percent occupied at loan closing. The 5.2-acre property features a unit mix of 35 one-bedroom, 41 two-bedroom and six three-bedroom apartments. The borrower plans to make light interior renovations and modest exterior repairs/enhancements over the next 12 months. Swan Lake is the first acquisition outside of the Northeast for GemStar.

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Marcus & Millichap Negotiates $40.5M Sale of Hilton-Branded Hotel in Downtown Baton Rouge

Abby Cox — Mon, 16 Feb 2026 15:53:20 +0000

BATON ROUGE, LA. — Marcus & Millichap has negotiated the $40.5 million sale of the Hilton Baton Rouge Capital Center, a 291-room hotel located in downtown Baton Rouge along the banks of the Mississippi River. Chase Dewese, Jack Davis and Joce Messinger of Marcus & Millichap represented the buyer, Orlando-based Northshore Development, in the transaction. Steve Greer served as Marcus & Millichap’s broker of record in Louisiana. The seller was not disclosed. Amenities at the hotel include an onsite restaurant, swimming pool, fitness center, business center, meeting rooms and an airport shuttle.

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Port Authorities Advance the Southeast’s Industrial Sector With Infrastructural Investments

John Nelson — Fri, 06 Feb 2026 12:39:00 +0000

In 2022, the Port of New Orleans (Port NOLA) announced the Louisiana International Terminal (LIT), a new $1.8 billion container terminal coming to Violet, a small city about 10 miles downriver (or south) from New Orleans in St. Bernard Parish. The project is a public-private partnership between Port NOLA and two private maritime industry leaders, Ports America and Terminal Investment Ltd., and is being funded with private capital and public funding from the State of Louisiana and federal sources. The U.S. Army Corps. of Engineers is managing LIT’s environmental review and permitting process, after which the public-private partnership will begin construction. Set for completion in 2028, the ambitious project is expected to generate 18,000 new jobs by 2050 and handle 2 million TEUs (twenty-foot equivalent units) of cargo traffic annually. “I consider it the most important project in the entire region,” says Andrew Marcus, founder of local commercial real estate services firm Agile Coast. “From an economic development perspective and from a quality-of-life perspective, it is the single-most important project for our region, period. The LIT is going to be the beachhead for getting modernized containerized cargo ships to come in, and we have the ability to have several terminals…

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Dowd Cos. Negotiates $4.1M Sale of Retail Center in Abbeville, Louisiana

John Nelson — Thu, 08 Jan 2026 15:24:54 +0000

ABBEVILLE, LA. — The Dowd Cos. has negotiated the sale of Lauren Parc, a 34,125-square-foot retail center located in the Baton Rouge submarket of Abbeville. The buyer, an out-of-state investment firm, purchased the property for $4.1 million. The seller was also not disclosed. John Dowd and Theresa Johnson represented both parties in the transaction. Built in 2014, Lauren Parc was 95 percent leased at the time of sale to tenants including Dollar Tree, AT&T, Anytime Fitness and Hibbett Sports. The property is shadow-anchored by a Walmart Supercenter.

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Marcus & Millichap Brokers Sale of 68-Room Comfort Inn New Orleans Airport Hotel

Abby Cox — Tue, 06 Jan 2026 15:20:40 +0000

SAINT ROSE, LA. — Marcus & Millichap has brokered the sale of the 68-room Comfort Inn New Orleans Airport hotel in Saint Rose. Built in 2010, the three-story property is situated at 10151 W. Airline Highway, roughly five miles from the Armstrong New Orleans International Airport. Amenities include complimentary breakfast, a fitness center, business center, meeting facilities and an airport shuttle. David Altman and Jeff Halavacs of Marcus & Millichap represented the seller, Siddiqui Enterprises LLC, and procured the buyer, NOLA Airport Hospitality LLC, in the transaction. Steve Greer was Marcus & Millichap’s broker of record in Louisiana.

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