Real Estate Report 2018

I N- D E P T H: B A T O N

R O U G E

R E SI D E N TI A L, C O M M E R CI A L, R E T AI L A N D I N D U S T RI A L S E C T O R S

2B 018 U SI N E S S

R E P O R T’ S

R e a l ER sE Pt aO tR eT

I N SI D E: • C O O L S P A C E S • M A R K E T T R E N D S • H O T R E SI D E N TI A L A R E A S • A W A R D- WI N NI N G D E SI G N S

C O M M E R CI A L R E A L E S T A T E

m a d e i si m p l e n t he

C A PI T A L R E GI O N

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M a n a g e m e nt

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D e v el o p m e nt

O U R C O M M E R CI A L R E A L E S T A T E S O L U TI O N S T E A M

BE NJA MI N STALTER, CCI M

Vice President of Co m mercial Real Estate, Partner

J O NAT HA N WAL KER, CCI M, MBA

Senior Co m merical Sales and Leasing Executive, Retail Presenter at Annual Trends Se minar

DE NIS M URRELL

Sales and Leasing Executive

RA NS O M PIPES, CCI M

Tenant Representation, Investment Sales, Land Acquisition

JA MES MCGA U G H

Sales and Leasing Executive

O U R P R O P E R T Y M A N A G E M E N T R E A L E S T A T E S O L U TI O N S T E A M

LI N DA JAC KS O N

Director of Operations, Partner, N A HPe

C HRISTIE MILLER

Regional Property Supervisor

ERI N LO UPE

MIC HELLE LITTLEJ O H N

Regional Property Supervisor Regional Property Supervisor

KACEY MYERS

Co mpliance Coordinator

D O N NA FR OST

Director of Accounting

Over 2 5 Years of Q ualit y Service O ur f oc us is o n m a ki n g y o ur re al est ate s ales, le asi n g a n d m a n a ge me nt e as y. We si m plif y t he tr a ns acti o n pr ocess b y pr o vi di n g pers o n al atte nti o n c o m bi ne d wit h o ver 2 5 ye ars of e x perie nce.

We are c o m mitt e d t o bri d gi n g t h e g a p b et w e e n y o ur re al est at e n e e ds & y o ur b usi n ess’ s u c c ess.

L a wr e n c e M a e stri | Pri n ci p al; G e or g e M urr ell | Pri n ci p al; O N T R O W: B e nj a mi n St alt er C CI M | V P of C o m m er ci al R e al E st at e | P art n er | C o m m er ci al Br o k er a g e a n d L e a si n g; Li n d a J a c k s o n, | Dir e ct or of O p er ati o n s, N A H P e | Pr o p ert y M a n a g e m e nt B A C K R O W:

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O nl y 3 % of t h e o v er 1 milli o n R E A L T O R S ® w or ki n g t o d a y c a n c all t h e ms el v es a C R S D esi g n e e.

T his gr o u p r e pr es e nts t h e elit e p erf or m ers i n b u yi n g a n d s elli n g h o m es.

Real Estate Report 2018

T h e C erti fi e d R e si d e nti al S p e ci ali st, or C R S, i s t h e hi g h e st d e si g n ati o n i n r e si d e nti al r e al e st at e a n d a s y m b ol of e x c ell e n c e. R E A L T O R S ® w h o h a v e e ar n e d t hi s cr e d e nti al di d s o b y c o m pl eti n g e xt e n si v e tr ai ni n g a n d b y d e m o n str ati n g si g ni fi c a nt e x p eri e n c e i n m a n a gi n g r e al e st at e tr a n s a cti o n s.

3

F R O M T H E P U B LI S H E R

| Real Estate Report 2018 4

R e c o v eri n g a n d m o vi n g f or w ar d N E A R L Y T W O Y E A R S af t er hi st ori c r ai n s s w a m p e d m u c h of s o ut h L o ui si a n a, t h e i m p a ct of t h e A u g u st 2 0 1 6 fl o o d i s fi n all y b e gi n ni n g t o r e c e d e fr o m t h e C a pit al R e gi o n r e al e st at e m ar k et.

T hi s i s e s p e ci all y tr u e i n t h e r e si d e nti al s e ct or, w h er e ti g ht i n v e nt or y a n d fl o o d-r a v a g e d f a mili e s s e e ki n g n e w — or t e m p or ar y — h o m e s cr e at e d a n i n st a nt s ell er’s m ar k et. Pri c e s r o s e a n d h o u s e s s ol d r e m ar k a bl y f a st a s a v ail a bl e i n v e n t or y s hr u n k t o u n d er a f o ur- m o nt h’s s u p pl y. W hil e t h e s c al e s c o nti n u e t o ti p i n t h e s ell er’s f a v or, t h er e ar e si g n s t h e m ark et i s n or m ali zi n g.

R et ail h a s al s o l ar g el y r e c o v er e d, b ut f a c e s a n e w c h all e n g e: e- c o m m er c e.

T hi s i s e s p e ci all y tr u e f or n ati o n al r e t ail er s i n t h e m ar k et, w h o ar e r e s p o n di n g b y eit h er cl o si n g or d o w n si zi n g. A n d t h e n t h er e’s t h e bi g q u e sti o n: w h at t o d o a b o ut t h e d yi n g C ort a n a M all? Y et, t h e g o o d n e w s i s l o c al r et ail er s c o nti n u e t o f ar e w ell i n t h e m ar k et.

It’s e x citi n g t o s e e s e v er al n e w pr oje ct s c o m e o nli n e, s u c h a s t h e @ Hi g hl a n d mi x e d- u s e d e v el o p m e nt o n Hi g hl a n d R o a d a n d t h e i n cr e di bl e W at er C a m p u s c o nf er e n c e c e nt er o n t h e ol d Cit y D o c k. T h er e’s al s o a nti ci p ati o n f or t h e e c o n o mi c b e n e fit s t o c o m e fr o m t h e pl a n n e d $ 1. 8 5 billi o n Y u h u a n g C h e mi c al m et h a n ol c o m pl e x i n St. J a m e s P ari s h a s w ell a s a p o s si bl e e x p a n si o n of E x x o n M o bil’s c h e mi c al f a cilit y i n B at o n R o u g e.

T hi s a n n u al e diti o n of t h e R e al Est at e R e p o rt , pr o d u c e d b y B usi n ess R e p o rt , gi v e s y o u a n o v er vi e w of t h e p a st y e ar i n r e al e st at e, t h e c urr e nt st at u s of t h e m ar k et a n d a gli m p s e i nt o it s f ut ur e.

T a k e a l o o k at t h e h ott e st r e si d e nti al

n ei g h b or h o o d s o n p a g e 1 0, s e e s o m e of t h e pr oj e ct s u n d er c o n str u cti o n o n p a g e 1 8, pr oj e ct s o n t h e dr a wi n g b o ar d o n p a g e 2 2 a n d s o m e r e all y c o ol i nt eri or s p a c e s o n p a g e 2 4.

Y o u’ll al s o fi n d e xt e n si v e r e s e ar c h, d at a a n d a n al y si s of t h e r e si d e nti al, m ultif a m il y, c o m m er ci al, i n d u stri al a n d r et ail r e al e st at e m ar k et s, b e gi n ni n g o n p a g e 3 1. W e’ v e al s o u p d at e d o ur c o m pr e h e n si v e li sti n g of Cl a s s A of fi c e s p a c e i n B at o n R o u g e, c o m pl et e wit h i nf o o n v a c a n c y a n d r e nt al r at e s, st arti n g o n p a g e 5 5. A n d of c o ur s e, t h er e ar e li st s a n d r a n ki n g s t hr o u g h o ut t hi s s p e ci al i s s u e t h at will s er v e a s a v al u a bl e a n d u ni q u e r e s o ur c e. T h e y i n cl u d e t o p r e al e st at e fir m s, h o m e b uil d er s, ar c hit e ct s, e n gi n e er s, c o ntr a ct or s a n d m or e.

W e w a nt t o t h a n k t h e C o m m er ci al I n v e st m e nt Di vi si o n of t h e Gr e at er B at o n R o u g e A s s o ci ati o n of R e alt or s f or it s e x t e n si v e r e s e ar c h, pr e s e nt e d at t h e B at o n R o u g e T R E N D S s e mi n ar a n d f e at ur e d i n t hi s r e p ort.

W e h o p e y o u fi n d t hi s p u bli c ati o n i n f or m ati v e a n d i n s piri n g. W e stri v e t o pr o vi d e i n si g ht s a n d d at a t h at will al l o w y o u t o b ett er k n o w a n d u n d er st a n d t h e m ar k et pl a c e. T h at’s w h y w e e n c o ura g e y o u t o k e e p y o ur c o p y of R e al Est at e R e p o rt o n y o ur d e s k a s a v al u a bl e r e s o ur c e f or b u si n e s s d e ci si o n s i n 2 0 1 7 a n d b e y o n d.

T o r e q u e st e xtr a c o pi e s f or cli e nt s or c oll e a g u e s, c o nt a ct t h e B usi n ess R e p o rt of fi c e at 2 2 5- 9 2 8- 1 7 0 0.

R olf e H. M c C olli st er Jr. P u bli s h er

Publisher: Rolfe H. Mc Collister Jr. E DI T O RI A L Editorial director: Penny Font Executive editor: J R Ball Managing editor: Steve Sanoski Editor: Stephanie Riegel Online ne ws editor: Deanna Narveson Staff writers: Caitie Burkes, Holly Duch mann, A nnie Ourso Landry Director of research: Sierra Cr u mp Digital content editor: Mark Cle ments Contributing writers: Gabrielle Braud, To m Cook, David Jacobs, A pril Capochino Myers, Maggie Hey n Richar dson, Meredit h W hitten Contributing photographers: Brian Baia monte, Marie Constantin, Don Kadair, Ti m Mueller, Collin Richie A D V E R TI SI N G Sales director: Kerrie Rich mond Senior account executives: Marielle Land- Ho war d, Kelly Le wis Account executives: Stacy Kaklis, Lauren Jarreau A dvertising coor dinator: Brittany Nieto C O R P O R A T E M E DI A Cor porate media editor: Jerry Martin Content strategist: Allyson Guay Account executives: Allison Huber, Kati Hyer, A ngie La Porte M A R K E TI N G Chief marketing officer: Elizabet h Mc Collister Marketing assistant: Kately n Oglesby Events: A bby Ha milton Co m munity liaison: Jeanne Mc Collister Mc Neil A D MI NI S T R A TI O N Chief financial officer: A ndre w Perrilloux Digital manager: Ja mes Hu me Business associate: Kirsten Milano Business associate: Tiffany Durocher Office and cult ure coor dinator: Sara S mit h Courier: Ji m Wain wright Receptionist: Cat hy Bro w n P R O D U C TI O N/ D E SI G N Production director: Melanie Sa maha Art director: Hoa Vu Graphic designers: Melinda Gonzalez, Rachel Parker, Lindsay Steele, E mily Witt A U DI E N C E D E V E L O P M E N T A udience develop ment director: Shannon Kahler A udience develop ment coor dinator: Carlos Gil A p u bli c ati o n of L o uisi a n a B usi n ess I n c.

Chair man: Rolfe H. Mc Collister Jr. President & C E O: Julio A. Melara Executive assistant: Millie Coon S u bs cri pti o ns/ C ust o m er S ervi c e 9 0 2 9 Jefferson High way, Suite 3 0 0 Baton Rouge, L A 7 0 8 0 9 2 2 5- 42 1- 8 18 1 Business Report.co m e mail: subscriptions @businessreport.co m

Vol u m e 3 6 - N u m b er 2 2 ©Copyright 2018 by Louisiana Business Incorporated. All rights reserved by LBI. The Greater Baton Rouge Business Report (USPS 721-890 ISSN 0747-4652)is published bi weekly by Louisiana Business Inc. Reproduction without per missionis prohibited.

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C O M MI T T E D T O L O UI SI A N A C O N NE CTE D T O T HE W O RL D

I N D U S T RI A L M U L TI F A MI L Y

R E T AI L

O F FI C E

P R OPE RTY MA NA GE ME NT

V A L U A TI O N

H O S PI T A LI T Y LA N D

B A T O N R O U G E | N E W O R L E A N S | A L E X A N D RI A | L A F A Y E T T E | L A K E C H A R L E S | S H R E V E P O R T

L A T T E R B L U M. C O M | 2 2 5. 2 9 5. 0 8 0 0 A T T E R B L U M P M. C O M | 2 2 5. 2 9 7. 7 8 8 8

1 7 0 0 CI T Y F A R M D RI V E, B A T O N R O U G E, L A 7 0 8 0 6

Real Estate Report 2018

C O M M E R CI A L R E A L E S T A T E | P R O P E RT Y M A N A G E M E NT| L

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TI M M U E L L E R

C O NTE NTS The interior of the Raising Cane’s corporate offi ce in do wnto wn Baton Rouge.

4 Fro m the Publisher

44 M ULTI FA MILY S u p pl y i s o ut p a ci n g d e m a n d, y et t h e a p art m e nt c o m pl ex e s k e e p o n c o mi n g, l e a di n g t o hi g h er v a c a n ci e s d e s pit e b ett er a m e niti e s a n d l o w er r e nt r at e s.

EYE O N T H E M A R KET 8 8 10 14 18 22 23 28

Market Overvie w 5 Hot Areas

By The Nu mbers Under Construction On The Dra wing Board Cool Spaces Rose A ward Winners

C O M M E R CI AL 4 7 S p o n s or e d b y Fl or e s C o n str u cti o n It’s a mix e d b a g f or t h e m ar k et, wit h o c c u p a n c y r at e s d e cli ni n g i n m ultist or y b uil di n g s b ut d e m a n d c o nti n ui n g t o gr o w f or g ar d e n offi c e s p a c e.

51 List: Co m mercial contractors 54 List: Co m mercial real estate fir ms 55 Class A Office Space Directory

R E SI D E NTI AL 3 1 S p o n s or e d b y Al v ar e z C o n str u cti o n

31 SI N GL E FA MILY

| Real Estate Report 2018

T h e B at o n R o u g e m ar k et c o nti n u e s t o r e c o v er fr o m t h e A u g u st 2 0 1 6 fl o o d w hil e b u y er s ar e e m br a ci n g mix e du s e d e v el o p m e nt s.

6

34 36 40 43

List: Residential real estate fir ms List: Licensed ho mebuilders List: Real estate title co mpanies List: Mortgage co mpanies

R E TAI L 6 3

S p o n s or e d b y C a pit al Ar e a Fi n a n c e A ut h orit y T h e B at o n R o u g e r et ail m ar k et r e m ai n s h e alt h y, b ut t h e s a m e e- c o m m er c e tr e n d s t h at ar e h a m m eri n g ot h er m ar k et s a cr o s s t h e c o u ntr y ar e b e gi n ni n g t o i m p a ct t h e r e gi o n.

66 List: Architecture fir ms 69 List: Property manage ment fir ms

I N D U ST RI AL 7 1 S p o n s or e d b y B e ar d C o n str u cti o n T h e p etr o c h e mi c al i n d u str y c o nti n u e s t o b e t h e e c o n o mi c f or c e i n t h e C a pit al R e gi o n, o nl y n o w it’s i n cr e a si n gl y b ei n g f u el e d b y n at ur al g a s.

75 List: Engineering fir ms 76 List: Industrial construction fir ms O N T H E C O V E R: K n o c k K n o c k C hil dr e n’ s M u s e m.

P h ot o gr a p h y b y Ti m M u ell er

C O N N E C T WI T H U S:

b u si n e s sr e p ort. c o m

f a c e b o o k. c o m/ b u si n e s sr e p ort

t witt er. c o m/ br bi zr e p ort

i n st a gr a m. c o m/ br bi zr e p ort

R et ail, R est a ur a nt a n d O ffi c e L e asi n g S p a c e C urr e ntl y A v ail a bl e

P er ki ns R o w e - a lif est yl e d es ti n a ti o n i n t h e h e art of B at o n R o u g e’s s h o p pi n g a n d m e di c al distri ct - is s et t o e m b ar k o n t h e pr o p ert y’s first m aj or r e d e v el o p m e nt si n c e o p e ni n g n e arl y 1 1 y e ars a g o. M a g n oli a P ar k will n o w i n cl u d e t h e a d di ti o n of a b uil di n g f o c us e d o n i n n o v a ti v e f o o d & b e v er a g e c o n c e pts a n d a n a c ti v at e d p u bli c s p a c e.

~375K

S q u ar e f e et

R et ail

306

~295K

S q u ar e f e et

Cl ass A & M e di c al O ffi c e

~60K

S q u ar e f e et

R est a ur a nts & Food S p e ci al ti es

~847K

S q u ar e f e et

T ot al mi x e d- us e

R E SI D E N TI A L

C urr e nt U nits

F ut ur e U nits

340

R E T AI L MI X

Real Estate Report 2018

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F or m or e i nf or m ati o n, pl e as e c all 2 2 5- 7 6 7- 2 0 0 1

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EYE O N T H E M A R K ET O V E R VI E W

EYE ON THE MARKET O n s oli d gr o u n d T h e B at o n R o u g e ar e a r e al e st at e m ar k et c o nti n u e s t o f e el eff e ct s of, e m er g e fr o m t h e A u g u st 2 0 1 6 fl o o d.

8

1

22111 Rabbit Run, which was listed for sale at $3.95 million as of June

1 R E SI D E NTI AL

T h er e j u st d o e s n’t s e e m t o b e a n y sl o wi n g of t h e si n gl ef a mil y s e ct or. S al e s i n cr e a s e d 4. 4 % l a st y e ar t o a r e c or d 1 1, 1 8 6 h o m e s a cr o s s t h e C a pit al R e gi o n, w hil e t h e a v er a g e pri c e p er s q u ar e f o ot r o s e b y a b o ut $ 1 t o $ 1 1 2. “ T h at’s t h e fir st ti m e w e’ v e e v er b e e n a n y w h er e n e ar t h at” n u m b er of a n n u al h o m e s al e s, s a y s Kyl e P et er s e n of R E/ M A X Pr of e s si o n al. A n d h o m e s ar e s elli n g at q ui c k er p a c e, wit h t h e a v er a g e d a y s o n t h e m ar k et d e cli ni n g fr o m 6 6 t o 6 0 d a y s.

2 M ULTI FA MILY

3

I ST O C K

B E NJI L O G O P H O T O G R A P H Y

str o n g r e gi o n al a n d n a ti o n al e c o n o mi e s, t h e C a pit al R e gi o n c o nti n u e s t o s e e s oli d g ai n s i n r e al e st at e a s t h e m ar k et r e c o v er s fr o m t h e A u g u st 2 0 1 6 fl o o d, w hi c h u p e n d e d virt u all y e v er y s e ct or. E a c h l o c al e x p ert w h o pr es e nt e d o v er vi e w s of t h eir r e s p e cti v e s e ct or s at t hi s y e ar’s T R E N D S i n R e al E st at e s e mi n ar e x pr e s s e d o pti mi s m f or f urt h er gr o wt h i n 2 0 1 8, w hil e t h e k e y n ot e s p e a k er —r e al e s t at e e c o n o mi st, a ut h or a n d c o n s ult a nt J o h n T u c cill o — s ai d B at o n R o g u e s h o ul d b e i n s u l at e d fr o m a n y u n c ert ai nt y i n t h e n ati o n al e c o n o m y. “ T h er e ar e c ert ai n citi e s wit hi n t h e U. S. t h at t e n d t o b e r e c e s si o n- pr o of — t h e y’r e i sl a n d s of st a bilit y i n a r a pi dl y c h a n gi n g e c o n o m y, ” T u c cill o s ai d. “ B at o n R o u g e fit s t h at d e s cri p ti o n. ” H er e’s a n o v ervi e w of h o w t h e l o c al m ar k et i s p erf or mi n g i n fi v e k e y s e ct or s.

T h o u g h 2 0 1 7 st art e d o ut str o n g f or l o c al a p art m e nt c o m pl ex e s a s d e m a n d i n cr e a s e d d u e t o t h e 2 0 1 6 fl o o d, v a c a n c y r at e s h a v e b e e n o n t h e ri s e o v er t h e p a st y e ar a n d ar e n o w a v er a gi n g 8 %, hi g h er t h a n hi st ori c al n or m s, w hil e a v er a g e r e nt al r at e s h a v e f all e n a b o ut 4 %. Ri si n g i n v e nt or y c o nti n u e s t o b e a c a u s e f or c o n c er n, a s 3, 8 0 0 a p art m e nt u nit s ar e ex p e ct e d t o b e c o m pl et e d t hi s y e ar a n d a n ot h er 2, 3 0 0 ar e ex p e ct e d t o c o m e o nli n e b y 2 0 2 0.

3 R ETAIL

Park Place apart ments on East Boyd Drive

—Steve Sanoski

2

C O U RTE SY PA R K PL A C E

| Real Estate Report 2018

AI D E D B Y r el ati v el y

T h e s o- c all e d A m a z o n eff e ct i s h a vi n g a l o c al i m p a ct, b ut a v er a g e B at o n R o u g e ar e a s h o p pi n g c e nt er v a c a n c y r at e s, at 8. 8 %, ar e still b el o w t h e n ati o n al a v er a g e of 1 0 %. T h e l o c al r at e, h o w e v er, h a s b e e n i n c hi n g u p i n r e c e nt y e ar s a n d w a s a s l o w a s 7. 5 % j u st t hr e e y e ar s a g o. A s bri c k- a n dm ort ar r et ail er s f a c e i n cr e a si n g c o m p etiti o n o nli n e, t h e y’r e pl a ci n g m or e e m p h a si s o n e n g a gi n g a n d e nt ert ai ni n g c u st o m er s t o k e e p t h e m c o mi n g i n. “ S o r et ail i s n’t d e a d, b ut br a n d a w ar e n e s s i s k e y,” s a y s J o h n at h a n W al k er of M a e stri- M urr ell C o m m er ci al R e al E st at e, a d di n g r et ail er s wit h t h e b e st “ p h y git al pr e s e n c e” — a mix of p h y si c al a n d di git al s al e s —“ will b e t h e m o st s u c c e s sf ul.”

5 O FFI C E

I ST O C K

4

T h o u g h a cti vit y h a s sl o w e d i n r e c e nt y e ar s, t h e p etr o c h e mi c al ex p a n si o n b o o m t h at b e g a n i n 2 0 1 3 al o n g t h e I nt er st at e 1 0 c orri d or c o nti n u e s t o dri v e t h e s e ct or t o n e w h ei g ht s.

L o c al a v er a g e v a c a n c y r at e s f ell t o 5. 7 % l a st y e ar —t h e l o w e st l e v el s e e n i n a d e c a d e — w hil e i n v e nt or y ex p a n d e d b y n e arl y 2 milli o n s q u ar e f e et t o a p pr oxi m at el y 2 9. 3 milli o n s q u ar e f e et. A v er a g e r e nt al r at e s al s o c o nti n u e t o ri s e, p arti c ul arl y o n n e w er f a ciliti e s, a s c o n str u cti o n a n d l a n d pri c e s h e a d f urt h er n ort h a n d s u p pl y ti g ht e n s.

5

@ Highland mixed-use develop ment

TI M M U E L L E R

4 I N D U ST RI AL

W hil e 2 0 1 6 w a s a d o w n y e ar — wit h o c c u p a n c y r at e s f alli n g fr o m n e arl y 8 6 % t h e y e ar pr e vi o u s t o a b o ut 8 2 % — 2 0 1 7 c o ul d b e c h ar a ct eri z e d a s a y e ar of r e c o v er y, a s t h e r at e st a bili z e d at a b o ut 8 2 %. A n d p er h a p s e v e n m or e t h a n i n ot h er r e al e st at e s e ct or s, l o c ati o n i s a bi g f a ct or i n w hi c h pr o p erti e s ar e d oi n g w ell a n d w hi c h ar e str u g gli n g.

Al o n g b u stli n g c orri d or s s u c h a s C oll e g e Dri v e, C or p or at e B o ul e v ar d, E s s e n L a n e a n d Bl u e b o n n et B o ul e v ar d, offi c e o c c u p a n c y r at e s ar e at a b o ut 9 7. 5 %, w hil e pr o p erti e s al o n g Fl ori d a B o ul e v ar d a n d Airli n e Hi g h w a y h a v e a v er a g e o c c u p a n c y r at e s of r o u g hl y 7 0 %.

L OC ATI O N, L OC ATI O N, L OC ATI O N. Your message can be herein 2019!

T o r e s er v e y o ur a d s p a c e f or o ur n e xt R e al E st at e R e p ort, pl e a s e c o nt a ct K erri e Ri c h m o n d at 2 2 5. 4 2 1. 81 5 4 or kri c h m o n d @ b u si n e s sr e p ort. c o m

Real Estate Report 2018

T h e E s s e nti al R e s o ur c e t o R e al E st at e i n t h e C a pit al R e gi o n

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L o c al ex p ert s Kyl e P et er s e n a n d Q uit a C utr er s h ar e w h at t h e y s a y ar e s o m e of t h e h ott e st r e si d e nti al ar e a s i n t h e C a pit al R e gi o n. B Y C AI TI E B U R K E S

STAF F P H OT O S

O V E R VI E W

EYE O N T H E M A R K ET

5 HOT RESIDENTIAL AREAS

CL O S E T O C A M P U S: B U R B A N K C O R RI D O R

L o c at e d n e ar L S U, t h e c orri d or al o n g B ur b a n k Dri v e —fr o m Bl u e b o n n et ext e n si o n t o L e e Dri v e —i s b e c o mi n g a h ot s p ot f or h o m e b u y er s, al o n g wit h t h e r e st of s o ut h B at o n R o u g e. M or e p e o pl e ar e l o o ki n g t o p ur c h a s e a h o u s e i n t h e U ni v er sit y Vill a s n ei g h b or h o o d, i n p arti c ul ar, b e c a u s e of it s pr oxi mit y t o c a m p u s. Wit h li sti n g pri c e s r a n gi n g fr o m $ 1 9 0, 0 0 0 t o $ 3 0 0, 0 0 0, U ni v er sit y Vill a s pr e s e nt s a n aff or d a bl e o pti o n f or n e w h o m e o w n er s. A d diti o n all y, h o u s e s ar e n o w u p f or gr a b s i n t h e 7 0- a cr e L a k e Vill a s s u b di vi si o n, a D S L D c o m m u nit y off B e n H ur R o a d. T h e s e 2 0 0, t hr e e-t o-f o ur- b e dr o o m bri c k h o m e s r a n g e fr o m 1, 7 0 0 t o 2, 3 0 0 s q u ar e f e et a n d ar e li st e d fr o m $ 2 0 0, 0 0 0 t o $ 2 6 0, 0 0 0.

| Real Estate Report 2018

LIV E, W O R K A N D PL AY: MI D CIT Y/ G A R D E N DI ST RI CT

10

A s Mi d Cit y u n d er g o e s a p eri o d of r e vit ali z ati o n — dri v e n b y q u alit y of pl a c e- b a s e d pr oj e ct s li k e t h e u p c o mi n g G o v er n m e nt Str e et r o a d di et a n d t h e r e c e ntl y o p e n e d W hit e St ar M ar k et g o ur m et f o o d h all — m or e p e o pl e ar e fl o c ki n g t o t h e h e art of t h e cit y f or t h eir p er m a n e nt r e si d e n c e s.

C o m m u nit y a m e niti e s, li k e a b e er g ar d e n a n d n e w r e st a ur a nt s, ar e attr a cti n g b u y er s — e s p e ci all y mill e n ni al s —t o t h e c e ntr al p art of t o w n. P et er s e n s a y s h e h a s n oti c e d h ei g ht e n e d i nt er e st fr o m b u y er s t o w ar d T err a c e A v e n u e, B R E C’s Cit y P ar k a n d t h e G ar d e n Di stri ct, s p e cifi c all y. Tr affi c i s s u e s, w hi c h still pl a g u e t h e r e gi o n, ar e al s o e n c o ur a gi n g y o u n g pr of e s si o n al s t o m o v e cl o s er t o t h eir Mi d Cit y w or k pl a c e s.

S M A RT I NV E ST M E NT: K E NI L W O RT H

H o u s e s i n K e nil w ort h w er e n’t i m p a ct e d b y t h e A u g u st 2 0 1 6 fl o o d, w hi c h l e d m e di a n s al e pri c e s t o i n cr e a s e 9 %, fr o m $ 2 3 3, 1 8 7 t o $ 2 5 5, 0 0 0. S o m e r e si d e n c e s i n t h e ar e a h a v e al s o b e e n m o d er ni z e d p o st-fl o o d, i n cr e a s n g t h eir attr a cti v e n e s s a n d d e sir a bilit y, P et er s e n s a y s. T h e n ei g h b or h o o d, w hi c h h a d 2 4 h o m e s f or s al e a s of e arl y J u n e, m a k e s a g o o d i n v e st m e nt i n ot h er w a y s, t o o — e s p e ci all y f or f a mili e s. R e si d e nt s c a n s e n d t h eir c hil dr e n t o K e nil w ort h S ci e n c e & T e c h n ol o g y S c h o ol, t u c k e d n e atl y i n t h e s u b di vi si o n o n B o o n e Dri v e, or m ar c h i n t h e a n n u al K e nil w ort h I n d e p e n d e n c e D a y P ar a d e.

P R OJ E CT C E NT R AL: B O C A G E A R E A

N e stl e d i n t h e h e art of t h e 7 0 8 0 9 zi p c o d e — w hi c h t h e Gr e at er B at o n R o u g e A s s o ci ati o n of R e alt or s d u b s t h e cit y’s “ h ott e st” — B o c a g e i s b u stli n g wit h n e w pr oj e ct s, C utr er s a y s. M o st of t h e s e pr oj e ct s i n v ol v e t e ari n g d o w n ol d h o m e s a n d r e b uil di n g m u c h l ar g er, m or e m o d er n r e pl a c e m e nt s o n t h e s p a ci o u s h alf- a cr e l ot s. Fi v e r e d e v el o p m e nt pr oj e ct s l e d b y d e v el o p er A nt h o n y T ur nl e y ar e u n d er c o n str u cti o n n o w i n t h e B o c a g e/J eff er s o n Pl a c e ar e a, wit h a n ot h er t w o i n t h e pl a n ni n g st a g e s a n d a n a d diti o n al t hr e e sit e s l o c k e d d o w n f or f ut ur e r e d e v el o p m e nt. H o m e s ar e s elli n g, o n a v er a g e, f or 9 3 % of t h eir li sti n g pri c e s, at a n a v er a g e of $ 1 6 4. 2 1 p er s q u ar e f o ot.

O N T H E F RI N G E: G EI S M A R

Real Estate Report 2018

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J u st a 3 0- mi n ut e dri v e fr o m B at o n R o u g e, G ei s m ar h a s b e c o m e a h ot m ar k et f or c a pit al cit y w or k er s o pti n g f or a m or e s u b ur b a n lif e st yl e.

T h e cit y’s 7 0 7 3 4 zi p c o d e w a s t h e t hir d- h ott e st i n t h e C a pit al R e gi o n i n t h e f o urt h q u art er of l a st y e ar, a c c or di n g t o a R e alt or. c o m M ar k et H ot n e s s I n d ex t h at li st e d G ei s m ar a s a “ w ar m” m ar k et.

N e ar b y hi g h- p erf or mi n g s c h o ol s, e a s y a c c e s s t o I nt er st at e 1 0 a n d a b ur g e o ni n g i n d u stri al s e ct or dri v e t h e c o m m u nit y’s a p p e al. P o p ul ar n ei g h b or h o o d s i n t h e ar e a i n cl u d e Pl a nt ati o n Cr e e k, t h e Hi g hl a n d s at D ut c ht o w n, M o s s P oi nt e, L e g a c y Hill s, L a k e s at D ut c ht o w n a n d O a k All e y E st at e s.

11

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LIFE

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KEEPI N G SC O RE B Y T H E N U M B E R S: A l o o k at t h e C a pit al R e gi o n m ar k et b y t h e n u m b er s. B Y A N NI E O U R S O L A N D R Y

I ST O C K

W H E RE T H E PE O PLE A RE

0.7 %-0.9 %

OVE RALL 2017 PR OJECTE D J OB G R O WT H I N T HE BAT O N R O U GE AREA

+1.4 %

P o p ul ati o n gr o wt h b et w e e n 2 0 1 0- 2 0 1 7

E a st B at o n R o u g e P ari s h

-0.8 % B at o n R o u g e ( 2 0 1 0- 2 0 1 6)

S OURCE: Baton Rouge Area Cha mber

| Real Estate Report 2018

A C C OL A D ES

14

S el e ct r a n ki n g s f or t h e C a pit al R e gi o n

A s c e n si o n P ari s h

+8 %

W e st B at o n R o u g e P ari s h

+6.2 % +12.2 % C e ntr al ( 2 0 1 0- 2 0 1 6)

Z a c h ar y ( 2 0 1 0- 2 0 1 6)

Source: U.S. Census Bureau

No. 1

T O P 10 MI S SI S SI P PI RIV E R C O R RI D O R M ET R O S,

Sit e S el e cti o n

+14.7 %

m a g a zi n e, 2 0 1 7

No. 3

B E ST CITI E S F O R W O M E N E NT R E P R E N E U R S T O STA RT A B U SI N E S S, G o o d C all , 2 0 1 5

No. 1

C O ST-F RI E N DLY B U SI N E S S L O C ATI O N A M O N G MI D-SIZ E D CITI E S,

K P M G, 2 0 1 6

No. 4

Q U ALIT Y O F LI F E,

B u si n e s s F a ciliti e s , 2 0 1 6

No. 1

T O P 10 R E GI O N AL “S O UT H” M S A S, Ar e a D e v el o p m e nt, 2 0 1 6

No. 6

10 U.S. M ET R O A R E A S WIT H HI G H E ST L EV EL O F M A N U FA CT U RI N G P R O D U CTIVIT Y,

G ar n er E c o n o mi c s L L C, 2 0 1 6

Baton Rouge Magnet High School

A ( N o. 4)

• W e st B at o n R o u g e:

B ( N o. 2 9)

• Li vi n g st o n *: A ( N o. 3) • E a st B at o n R o u g e *:

C ( N o. 5 4)

TI M M U E L L E R C O L LI N RI C HI E

* Livingston and East Baton Rouge grades are for the 2015-16 school year.

Both were granted waivers fro m the state for 2016-17 school year grades due to i mpacts fro m the August 2016 flood.

M A S S A P P E AL: The A mericana T N D and top-rated public schools is driving gro wth in Zachary.

T his a d desi g n © Lo uisi a n a B usi ness, I nc. 2 0 1 8. All ri g hts reserve d. P ho ne 2 2 5- 9 2 8- 1 7 0 0 • F ax 2 2 5- 9 2 6- 1 3 2 9

A ( N o. 3)

• A s c e n si o n:

I s s u e D at e: R E R A d pr o of # 1

• C e ntr al:

C aref ully c heck t his a d for: C O R R E C T A D D R E S S • C O R R E C T P H O N E N U M B E R • A N Y T Y P O S

• Z a c h ar y: A ( N o. 1)

• Ple ase res po n d by e- m ail or f ax wit h yo ur a p prov al or mi nor revisio ns.

• A D WILL R U N A S I S u nless a p prov al or fi n al revisio ns are receive d by t he close of b usi ness to d ay.

• A d ditio n al revisio ns m ust be re q ueste d a n d m ay be s u bject to pro d uctio n fees.

2016-2017 S C H O OL DIST RI CT G R A D ES A N D R A N KI N G

A B A T O N R O U G E T R A DI TI O N WI T H A

n e w visi o n

L a n d s c a pi n g • G a r d e n C e n t e r • F o u n t ai n s

C o m e visit us!

1 3 8 2 7 C o ur s e y Bl v d. | B at o n R o u g e 2 2 5. 7 5 6. 2 7 2 0 N E W O W N E R S: J E R R Y & LI N D S E Y A L L

M o n d a y – S at ur d a y: 9 a. m. – 5: 3 0 p. m.

S u n d a y: 1 1 a. m. – 5 p. m.

T h e i n si d e S C O O P. I n si d e y o u r I N B O X.

W HAT’S D RIVI N G G R O WT H I N T H E RE GI O N?

• Wit h t h e t o p s c h o ol di stri ct s i n t h e st at e, Z a c h ar y a n d C e ntr al h a v e b e e n attr a cti n g r e si d e nt s t o t h e n ort h er n p art s of E a st B at o n R o u g e P ari s h f or y e ar s. N e w d e v el o p m e nt s, s u c h a s A m eri c a n a a n d C o p p er Mill i n Z a c h ar y a n d t h e S ettl e m e nt at S h o e Cr e e k u n d er w a y i n C e ntr al, ar e al s o h ot s elli n g p oi nt s.

• Li vi n g st o n P ari s h off er s aff or d a bl e h o u si n g, a n ot h er gr e at s c h o ol di stri ct a n d l a n d m ar k r et ail d e v el o p m e nt s s u c h a s J u b a n Cr o s si n g a n d t h e B a s s Pr o S h o p. T h e I nt er st at e 1 2 c orri d or h a s al s o b e e n a c at al y st f or t h e ar e a’s gr o wi n g di stri b uti o n a n d l o gi sti c s i n d u str y.

Si g n u p t o d a y at B u si n e s s R e p o rt. c o m

|

• Alt h o u g h si g nifi c a ntl y s m all er, W e st B at o n R o u g e P ari s h i s al s o gr o wi n g e a c h y e ar, t h a n k s t o a m or e aff or d a bl e c o st of li vi n g, i n d u stri al s e ct or j o b o p p ort u niti e s al o n g t h e ri v er a n d pr oxi mit y t o d o w nt o w n B at o n R o u g e a n d L S U.

Real Estate Report 2018

• T h e b ur g e o ni n g p etr o c h e mi c al c orri d or al o n g I nt er st at e 1 0 a n d t h e Mi s si s si p pi Ri v er h a s b ol st er e d A s c e n si o n P ari s h , wit h s oli d j o b s a n d t h e m o st p o p ul ati o n gr o wt h i n t h e C a pit al R e gi o n. T h e p ari s h i s al s o s e ei n g a h ot el b o o m n e ar C a b el a’s a n d a d di n g h ot n e w r e si d e nti al d e v el o p m e nt s li k e C o n w a y.

15

T h e si g n y o u w a n t.

T h e a g e nt y o u n e e d.

L E A N N E L A PL A C E E V A NS 2 2 5- 9 9 3- 9 9 3 9

M O NI C A F O R D 2 2 5- 2 5 0- 8 5 8 5

L EI G H A D A M S 2 2 5- 2 8 8- 9 0 3 7

E RI N A G UI L L A R D 2 2 5- 8 0 6- 8 9 7 7

B A R R ET BL O N D E A U 2 2 5- 9 3 9- 6 1 5 3

S A B RI N A D E L A P A S S E 2 2 5- 2 3 5- 1 6 3 9

S T A C Y F R A N CI S E 2 2 5- 9 2 1- 8 4 1 3

S T E P H A NI E GI L L 2 2 5- 5 7 3- 1 9 5 1

H A P PI H O F F E R 2 2 5- 9 2 1- 0 0 9 4

T O NI H O U S E 2 2 5- 9 6 4- 6 4 3 5

L A URE N J O H NS O N 2 2 5- 4 4 5- 5 0 3 9

RY N J O NES 2 2 5- 9 3 6- 4 9 0 6

M E LI S S A L A N D E R S 2 2 5- 2 6 6- 9 4 4 1

J O A NI E M O N T E L A R O 2 2 5- 5 8 8- 5 9 2 5

P A T RI CI A O D O M 2 2 5- 4 1 3- 3 2 9 5

K YL E P ET E RS E N 2 2 5- 4 1 3- 1 6 5 0

S H E R RI P O C O R E L L O 2 2 5- 3 2 4- 0 6 5 5

T AYL O R R OSS 2 2 5- 5 7 3- 9 6 7 4

8 5 5 6 J e f f e r s o n Hi g h w a y, S ui t e A |

w w w. p r o f e s si o n al b r. c o m |

B a t o n R o u g e, L A 7 0 8 0 9

2 2 5- 6 1 5- 7 7 5 5

DI A N N E A D A M S

N A N C Y B R EI T E N B A C H

2 2 5- 8 0 6- 8 9 7 9

2 2 5. 2 5 2. 5 5 0 3

B R O K E R A S S O CI A T E

LI S A L A N D E R S B R O K E R / O W N E R • R E / M A X L O UI SI A N A B R O K E R/ O W N E R O F T H E Y E A R 2 0 1 2 & 2 0 1 5 2 2 5- 9 2 1- 5 0 5 6

JI M R U T L E D G E 2 2 5- 2 0 2- 6 5 5 0

K O RI T E LI C H 5 0 4- 5 5 9- 3 8 9 9

E M S A U NI E R 2 2 5- 9 5 4- 8 2 7 5

JI L L J. L E M OI N E B R O K E R A S S O CI A T E 2 2 5- 5 7 1- 7 6 9 5

C A R OL S C H O E M A N N 2 2 5- 6 3 6- 6 1 4 6

C O N NI E T H E RI O T 2 2 5- 2 4 7- 7 6 5 3

J O S H McK A Y

B R O K E R A S S O CI A T E 2 2 5- 2 6 8- 7 7 6 3

KI M S E E M A N N 2 2 5- 2 8 8- 8 9 7 0

L EI G H T O N T H O R NI N G 2 2 5- 2 0 5- 8 7 7 3

B R O K E R A S S O CI A T E

D O N N A W OLFF B R O K E R A S S O CI A T E 2 2 5- 2 8 1- 8 4 2 8

J A NI C E S L A U G H T E R 2 2 5- 3 2 8- 2 0 2 2

RE NEE T O W N 2 2 5- 3 3 7- 2 1 4 0

D A N N A STR A N GE 2 2 5- 9 3 7- 0 6 3 6

B RI T T A N Y W HI T E 2 2 5- 2 5 2- 7 0 2 3

N O T PI C T U R E D: K at h y B e e n e, Cr y st al B o u dl o c h e, M att Br u n o, K e at o n D u B oi s, Ni n a

F a u c h e a u x, L e sli e H att a w a y, L a c e y H o g str o m, E mil y L a Gr o u e, M ar y Mi c h a el s o n, D or s e y P e e k, J a mi e P e e k, A m b er R e n o, A nt h o n y S c h ult z, K ori T eli c h, Br a n d y V e a z e y

EYE O N T H E M A R K ET

UNDER CONSTRUCTION

STAF F P H OT O S

O V E R VI E W

A l o o k at s e v e n hi g h- pr ofil e d e v el o p m e nt s n e ari n g c o m pl eti o n i n B at o n R o u g e. B Y H O L L Y D U C H M A N N

TOPGOLF

W h er e: Si e g e n L a n e M ar k et pl a c e i n s o ut h B at o n R o u g e, n e ar t h e i nt er s e cti o n of I nt er st at e 1 0 a n d Si e g e n L a n e.

W h o’ s b e hi n d it: D all a s- b a s e d s p ort s e nt ert ai n m e nt c o m p a n y T o p G olf.

W h at it i s: T o p G olf o p er at e s e nt ert ai n m e nt-f o c u s e d dri vi n g r a n g e s w h er e g olf e nt h u si a st s c a n hit mi cr o c hi p p e d g olf b all s i n a 2 1 5- y ar d o utfi el d. T h e t hr e e- st or y b uil di n g will al s o h o u s e a f ull- s er vi c e r e st a ur a nt a n d b ar.

Ti m et a bl e: At t h e e n d of t h e y e ar or e arl y 2 0 1 9.

C o st: $ 1 0 milli o n

| Real Estate Report 2018

OUR LADY OF THE LAKE CHILDRE N’S HOSPITAL

18

W h er e: Off I nt er st at e 1 0, b et w e e n Bl u e b o n n et B o ul e v ar d a n d E s s e n L a n e.

W h o’ s b e hi n d it: O ur L a d y of t h e L a k e M e di c al C e nt er a n d H K S Ar c hit e ct s.

W h at it i s: A st at e- of-t h e- art f a cilit y t h at will h a v e 8 0 b e d s at it s o p e ni n g, wit h t h e p ot e nti al t o ex p a n d t o 1 3 0. T h e h o s pit al will b e t h e o nl y St. J u d e’s C hil dr e n R e s e ar c h H o s pit al i n t h e st at e a n d will i n cl u d e a 3 0- b e d p e di atri c i nt e n si v e c ar e u nit, d e si g n at e d f a mil y ar e a s o n e a c h

OCHSNER MEDICAL CO MPLEX —HIGH GROVE

W h er e: T h e Hi g h Gr o v e d e v el o p m e nt al o n g t h e I nt er st at e 1 0 c orri d or b et w e e n Bl u e b o n n et B o ul e v ar d a n d Si e g e n L a n e.

W h o’ s b e hi n d it: O c h s n er H e alt h S y st e m.

W h at it i s: A fi v e- st or y, 2 5 5, 0 0 0 s q u ar e f o ot m e di c al offi c e b uil di n g, 1 0- b e d h o s pit al a n d s ur gi c al c e nt er. It will h o u s e 8 5 m e di c al pr o vi d er s w or ki n g i n pri m ar y c ar e a n d m ulti- s p e ci alt y cli ni c s.

Ti m et a bl e: T h e m e di c al offi c e b uil di n g will o p e n at t h e b e gi n ni n g i n e arl y 2 0 1 9 a n d t h e s ur gi c al h o s pit al will o p e n i n t h e s e c o n d q u art er of 2 0 1 9.

C o st: $ 1 0 0 milli o n

fl o o d, a di ni n g r o o m wit h o ut d o or s e ati n g, a f a mil y r e s o ur c e c e nt er a n d g ar d e n. T h er e will al s o b e a d e di c at e d fl o or f or i n p ati e nt a n d o ut p ati e nt p e di atri c c a n c er tr e at m e nt, a s w ell a s a n e m er g e n c y d e p art m e nt wit h 2 1 b e d s a n d f o ur tri a g e r o o m s, a n d a d v a n c e d i m a gi n g wit h C T s c a n ni n g a n d M RI. A 9 5, 0 0 0- s q u ar e-f o ot f o ur- st or y t all offi c e b uil di n g, w hi c h will b e att a c h e d t o t h e h o s pit al t hr o u g h a w al k w a y o n t h e s e c o n d fl o or.

Ti m et a bl e: C o n str u cti o n b e g a n i n f all 2 0 1 7, wit h t h e h o s pit al ex p e ct e d t o o p e n i n O ct o b er 2 0 1 9.

C o st: $ 2 3 0 milli o n

COURTYARD MARRIOTT DO W NTO W N

W h er e : D o w nt o w n B at o n R o u g e, at t h e i nt er s e cti o n of Fl ori d a a n d T hir d Str e et s.

W h o’ s b e hi n d it : T h e d e v el o p er i s Wi n d s or A u g htr y H ot el Gr o u p, a S o ut h C ar oli n a- b a s e d fir m t h at al s o d e v el o p e d t h e H a m pt o n I n n & S uit e s at M ai n a n d L af a y ett e str e et s.

W h at it i s : T h e ei g ht- st or y h ot el, i n cl u di n g 1 3 2 r o o m s a n d d o w nt o w n’s fir st St ar b u c k s, will b e t h e s e v e nt h h ot el i n d o w nt o w n B at o n R o u g e. A b o ut 5 0 p e o pl e ar e ex p e ct e d t o w or k at t h e h ot el, w hi c h i s b ei n g c o n str u ct e d o n t h e sit e of t h e cit y’s fir st h ot el, t h e I str o u m a.

Ti m et a bl e : Sl at e d t o o p e n t hi s s u m m er.

C o st : $ 2 3. 6 milli o n

RIVER CE NTER LIBRARY

W h er e : 2 8- a cr e sit e b et w e e n W e st C hi m e s Str e et a n d S ki p B ert m a n Dri v e W h o’ s b e hi n d it : A p u bli c- pri v at e p art n er s hi p b et w e e n L S U, t h e L S U Pr o p ert y F o u n d ati o n a n d d e v el o p m e nt a d vi s or t e a m Br ail sf or d & D u nl a v e y | C S R S, a n d Pr o vi d e nt R e s o ur c e s Gr o u p a n d RI S E: A R e al E st at e C o m p a n y.

W h at it i s : T h e Ni c h ol s o n G at e w a y mix e d- u s e d e v el o p m e nt m ar k s t h e fir st p h a s e of a l ar g er pr oj e ct t o tr a n sf or m t h e Ni c h ol s o n Dri v e c orri d or —t h e l ar g e st u n d er d e v el o p e d tr a ct of u ni v er sit y- o w n e d l a n d —i nt o a n e w g at e w a y di stri ct c o n n e cti n g L S U a n d d o w nt o w n.

P h a s e o n e i n cl u d e s 7 6 3 u nit s of st u d e nt h o u si n g, a s w ell a s 5 0, 0 0 0 s q u ar e f e et of r e st a ur a nt a n d r et ail s p a c e. M at h er n e’s M ar k et, w hi c h h a s a n n o u n c e d it will a n c h or t h e d e v el o p m e nt, will al s o o p e n t hi s f all.

Ti m et a bl e : C o n str u cti o n b e g a n i n 2 0 1 6. S o m e st u d e nt s h a v e alr e a d y m o v e d i nt o a p art m e nt s, a n d t h e d e v el o p m e nt i s ex p e ct e d t o b e c o m pl et e t hi s f all.

C o st : $ 3 0 0 milli o n

LOFTS @ 6C

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W h er e : 2 0 0 N. 6t h Str e et i n d o w nt o w n B at o n R o u g e.

W h o’ s b e hi n d it : D e v el o p er i s J o h n O. H e ari n; fi n a n ci n g i s t hr o u g h t h e U. S. D e p art m e nt of H o u si n g a n d Ur b a n D e v el o p m e nt’s 2 2 1( d)( 4) l o a n pr o gr a m W h at it i s : W h e n fi ni s h e d, t h e six- st or y L oft s @ 6 C c o m pl ex will c o n si st of 1 4 2 o n e- a n d t w o- b e dr o o m a p art m e nt u nit s o n t h e t o p f o ur l e v el s, wit h r e nt s st arti n g at $ 7 5 0 a n d g oi n g u p t o $ 2, 0 0 0 a m o nt h. T h e fir st t w o fl o or s will i n cl u d e 3, 0 0 0 s q u ar e f e et of r et ail s p a c e a n d a p ar ki n g g ar a g e wit h 2 7 0 s p a c e s. T h e mix e d- u s e d e v el o p m e nt will al s o i n cl u d e a s wi m mi n g p o ol, cl u b h o u s e a n d l a n d s c a p e d c o urt y ar d s.

Ti m et a bl e : C o n str u cti o n b e g a n i n F all of 2 0 1 6. T h e fir st u nit s ar e ex p e ct e d t o o p e n t hi s s u m m er.

C o st : U n a v ail a bl e

Real Estate Report 2018

W h er e: At t h e i nt er s e cti o n of N ort h B o ul e v ar d a n d St. L o ui s Str e et i n d o w nt o w n B at o n R o u g e.

W h o’ s b e hi n d it: T h e cit y- p ari s h g o v er n m e nt i s l e a di n g t h e pr oj e ct. D e si g n i s b y l o c al fir m W H L C Ar c hit e ct ur e a n d B o st o nb a s e d S c h w art z/ Sil v er Ar c hit e ct s, w hil e B u q u et & L e bl a n c i s t h e g e n er al c o ntr a ct or a n d S C A i s t h e e n gi n e er.

W h at it i s: A n e w 5 0, 0 0 0- s q u ar e-f o ot li br ar y t h at will al s o h a v e a “ m a k er s p a c e” wit h 3- D pri nt er s a n d a t e c h n ol o g y l a b.

Ti m et a bl e: C o n str u cti o n st art e d i n D e c e m b er 2 0 1 6 a n d w a s ex p e ct e d t o fi ni s h t hi s f all, b ut h a s si n c e c o m e t o a c o m pl et e st o p d u e t o a str u ct ur al f ail ur e t h at t hr e at e n s t h e i nt e grit y of t h e b uil di n g’s si g n at ur e c a ntil e v er.

C o st: $ 1 9 milli o n, pl u s a n u n d et er mi n e d a m o u nt f or r e p air s.

NICHOLSON GATE WAY

19

“

PER H APS T HE BEST C O M P LI M E N T T H A T I C A N GI V E I S T H AT I W O UL D D O I T O V E R A G AI N I N A H E A R T B E A T! B R A D & E MI L Y VI N C E N T

”

i n B at o n R o u g e! W e r e c o m m e n d hi m wit h o ut a n y r e s er v ati o n.

M A R K & H OLLY L A P E R O US E

”

DRE A M H O ME

b ut w e al s o g ot a v er y d e ar fri e n d.

D A R Y L & TI F F A N Y E L LI S

“ “

Fr o m q u alit y m at eri al s t o HI G H L E V E L C R A F T S M A N S HI P T eli c h w a s t h e ri g ht c h oi c e.

P A T RI C K & J E N N Y H A L L

“

”

N o t a s k or i d e a w a s t o o bi g or dif ffi c ult f or MI K E A N D HI S A M A ZI N G T E A M. W E N D Y LI P S E Y

”

“

B y t h e ti m e t h e j o b w a s c o m pl et e, J a ni e a n d I f elt w e h a d n ot o nl y b uilt a h o m e, b ut a L A S TI N G F RI E N D S HI P a s w ell.

T O D D & J A NI E B R A D Y

Aft er m e eti n g wit h n u m er o u s b uil d er s, w e T R U S T E D O U R I N S TI N C T S a n d hir e d Mi k e.

It w a s s u c h a G R E A T D E CI SI O N. J AS O N & E V A H A N NE G A N

”

”

”

C O L LI N RI C HI E P H O T O G R A P H Y

“

“

W H E N T H E C LI E N T C O M E S FI R S T, T H E C LI E N T WI L L L A S T.

B E S T B UI L D E R

N ot o nl y di d w e g et o ur

2 2 5. 6 1 0. 4 2 1 2 | T E LI C H C U S T O M H O M E S. C O M

T w o mix e d- u s e d d e v el o p m e nt s, a n a c a d e mi c f a cilit y a n d a n u p s c al e offi c e b uil di n g ar e a f e w of t h e m aj or pr oj e ct s pl a n n e d i n B at o n R o u g e. B Y C AI TI E B U R K E S

B R E A ST & G Y N C A N CER P A VI LI O N

O V E R VI E W

C H A RT E R S C H O OL

M AT E R R A R E SI D E N TI A L D E V EL O P M E NT

MATERRA

O V E R A L L SI T E P L A N

C O U RTE SY

BI R T H C E NT E R

N

W O M A N’ S H O S PI T A L

C O U RTE SY

C HI L D D E V EL O P M E NT C E NT E R

W EI N S T EI N N E L S O N

W O M A N’ S H O S PI T A L

EYE O N T H E M A R K ET

ON THE DRA WING BOARD ELECTRIC DEP OT

S C A L E: 1 ” = 2 0 0’

W h er e : 1 5 0 9 G o v er n m e nt St. i n Mi d Cit y, at t h e sit e of t h e f or m er E nt er g y b uil di n g.

W h o’ s b e hi n d it : W ei n st ei n N el s o n d e v el o p m e nt t e a m, l e d b y ar c hit e ct D y k e N el s o n. T h e l e a si n g a g e nt i s W at er s & P etit C o m m er ci al R e al E st at e.

W h at it i s : D e v el o p er s h o p e t hi s mix e d- u s e d e v el o p m e nt s er v e s a s a m o d el f or bli g ht eli mi n ati o n, aff or d a bl e h o u si n g a n d t h e t y p e of “ d e sti n ati o n” pr oj e ct t h at c a n tr a n sf or m t h e cit y. P h a s e o n e of t h e pr oj e ct will f e at ur e a t hr e e- st or y e nt ert ai n m e nt c e nt er a n d a br e w p u b, a s w ell a s r et ail a n d a p art m e nt s. P h a s e t w o will f e at ur e a d diti o n al r e si d e nti al u nit s, i n cl u di n g aff or d a bl e h o u si n g.

Ti m et a bl e: Pl a n ni n g b e g a n i n 2 0 1 3. C urr e ntl y, 1 2, 0 0 0 s q u ar e f e et of l e a s a bl e s p a c e i s a v ail a bl e. P h a s e o n e i s ex p e ct e d t o b e c o m pl et e d b y D e c e m b er.

C o st : $ 2 0 milli o n

C O U R T E S Y G R A C E H E B E R T A R C HI T E C T S

C O U R T E S Y S O U T H E R N U NI V E R SI T Y

W h er e: A n 8 6- a cr e l ot e a st of t h e W o m a n’s H o s pit al c a m p u s, fr o nti n g Airli n e Hi g h w a y.

W h o’ s b e hi n d it: W o m a n’s H o s pit al a n d d e v el o p er J o h n E n g q ui st.

W h at it i s: A mix e d- u s e d e v el o p m e nt t h at will i n cl u d e a b o ut 2 7 5 si n gl e-f a mil y h o m e s i n a v ari et y of si z e s a n d pri c e p oi nt s, a s w ell a s a n e sti m at e d 3 0 0- u nit m ultif a mil y c o m pl ex a n d a s m u c h a s 1 3 a cr e s of c o m m er ci al, r et ail a n d r e st a ur a nt s p a c e. A dj a c e nt t o t h e d e v el o p m e nt will b e t h e n ati o n al a w ar d- wi n ni n g B A SI S c h art er s c h o ol, w hi c h o p e n s t hi s f all t o st u d e nt s i n gr a d e s K- 4.

Ti m et a bl e: If a p pr o v e d b y t h e Pl a n ni n g C o m mi s si o n, i nfr a str u ct ur e w or k f or t h e d e v el o p m e nt c o ul d b e gi n i n A u g u st or S e pt e m b er.

C o st: $ 2 0 milli o n f or i nfr a str u ct ur e w or k.

| Real Estate Report 2018

THE VALDRY CE NTER FOR PHILANTHROPY

22

W h er e : S o ut h er n U ni v er sit y c a m p u s, al o n g H ar di n g B o ul e v ar d.

W h o’ s b e hi n d it : S o ut h er n U ni v er sit y S y st e m F o u n d ati o n, t h e V al dr y f a mil y a n d Gr a c e H e b ert Ar c hit e ct s.

W h at it i s : S o ut h er n U ni v er sit y pl a n s t o o p e n a n e w 1 2, 0 0 0- s q u ar e-f o ot p hil a nt hr o p y c e nt er n a m e d aft er a f a mil y of al u m ni w h o ar e t h e u ni v er sit y’s l ar g e st d o n or s.

T h e a c a d e mi c r e s e ar c h c e nt er will f o c u s o n t h e fi el d s of n o n pr ofit m a n a g e m e nt a n d p hil a nt hr o pi c st u di e s. Pl a n s f or t h e f a cilit y i n cl u d e cl a s sr o o m s, s p a ci o u s c o nf er e n c e r o o m s a n d a st at e- of-t h e- art a u dit ori u m.

Ti m et a bl e: Gr o u n d w a s br o k e n i n M ar c h, a n d it’s ex p e ct e d t o b e fi ni s h e d b y e arl y 2 0 1 9.

C o st: $ 4. 5 milli o n

SPE NCER CALAHANI NJ URY LA WYERS

W h er e: 2 5 2 S o ut h Bl v d., at t h e c or n er of S o ut h B o ul e v ar d a n d St. L o ui s Str e et.

W h o’ s b e hi n d it : Gr a c e H e b ert Ar c hit e ct s.

W h at it i s : B at o n R o u g e att or n e y S p e n c er C al a h a n i s pl a n ni n g a 2 6, 9 0 0- s q u ar e-f o ot d o w nt o w n offi c e b uil di n g t h at will f e at ur e t w o l e v el s of p ar ki n g, t hr e e l e v el s of offi c e s a n d a r o oft o p h eli c o pt er p a d. T h e fi v e- st or y b uil di n g will al s o i n cl u d e g y m s p a c e, a s w ell a s a 1, 3 0 0- s q u ar e-f o ot o ut d o or d e c k o v erl o o ki n g t h e ri v er a n d d o w nt o w n.

Ti m et a bl e : Sl at e d t o b e c o m pl et e b y t h e e n d of t h e y e ar.

C o st : $ 9 milli o n

COOL SPACES

A l o o k at s o m e of t h e m o st i n n o v ati v e a n d ex citi n g i nt eri or d e si g n s r e c e ntl y c o m pl et e d i n B at o n R o u g e @ HI G HL A N D

P H O T O G R A P H Y B Y TI M M U E L L E R

T h e fir st fl o or l o b b y of t h e 5 4, 0 0 0- s q u ar e-f o ot G e n er al I nf or m ati c s h e a d q u art er s b uil di n g f e at ur e s a 2- st or y li vi n g gr e e n w all, a n d a n o p e n st e el a n d gl a s s st air c a s e. L o c at e d o n ni n e a cr e s at t h e c or n er of Hi g hl a n d a n d Bl u e b o n n et R o a d s, t h e pl a n f or t h e @ Hi g hl a n d d e v el o p m e nt i n cl u d e s a d diti o n al offi c e, r et ail, r e st a ur a nt a n d r e si d e nti al s p a c e.

G O R D O N M CKE R NA N

T h e l a w offi c e s of G or d o n M c K er n a n I nj ur y Att or n e y s at 5 6 5 6 Hilt o n A v e. i n cl u d e s a m o c k c o urtr o o m t o a s si st i n cli e nt a n d att or n e y c a s e pr e p ar ati o n. T h e “ G” B uil di n g, c o m pl et e d i n J u n e 2 0 1 5, al s o i n cl u d e s a p utti n g gr e e n a n d b a s k et b all c o urt f or e m pl o y e e s.

A N N C O N N ELLY

500 L A U R EL

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T h e offi c e s p a c e a n d i nt eri or l o b b y at 5 0 0 L a ur el St. w a s r e n o v at e d i n 2 0 1 5 a n d i s n o w t h e h e a d q u art er s of B u si n e s s Fir st B a n k, w hi c h o c c u pi e s f o ur of t h e b uil di n g’s six fl o or s, i n cl u di n g a f ull- s er vi c e b a n ki n g c e nt er wit h dri v e t hr u s er vi c e.

Real Estate Report 2018

T h e c u st o m fr a mi n g s h o p i n si d e t h e n e w st u di o of A n n C o n n ell y Fi n e Art at 1 6 7 0 L o b d ell A v e. i s a dj a c e nt t o t h e st u di o s p a c e a n d g all er y. T h e n e arl y 4, 6 0 0 s q u ar e-f o ot b uil di n g w a s c o m pl et e d i n M ar c h 2 0 1 7.

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EYE O N T H E M A R K ET O V E R VI E W

KN OCK KN OCK

T h e K n o c k K n o c k C hil dr e n’s M u s e u m at 1 9 0 0 D alr y m pl e Dr. i n Cit y P ar k off er s 1 8 i nt er a cti v e l e ar ni n g z o n e s, i n cl u di n g t h e Cr a w b a b y z o n e o n t h e fir st fl o or f or ki d s 3 a n d u n d er. M or e t h a n a d e c a d e i n t h e m a ki n g, t h e m u s e u m o p e n e d o n A u g. 2 2, 2 0 1 7.

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LS U RIV E R C E NTE R

24

M A R RI OTT H OTEL

T h e r e c e pti o n d e s k a n d l o b b y of t h e r e n o v at e d B at o n R o u g e M arri ott f e at ur e s c ol orf ul art w or k a n d c o z y f ur ni s hi n g s. A $ 2 8 milli o n r e n o v ati o n of t h e i c o ni c h ot el off I nt er st at e 1 0 b e g a n i n 2 0 1 6 a n d w a s c o m pl et e d i n O ct o b er a y e ar l at er. Al o n g wit h u p d ati n g all 2 9 9 r o o m s i n si d e t h e 2 1- st or y h ot el, t h e ext eri or w a s al s o u p gr a d e d a s w ell a s m e eti n g s p a c e s a n d t h e b allr o o m. Sti n k y’s Fi s h C a m p al s o o p e n e d o n t h e gr o u n d fl o or.

T h e 1 2 0- b y- 9 0-f o ot c h a n gi n g fl o or m o d el of t h e l o w er Mi s si s si p pi Ri v er s y st e m i s h o u s e d i n t h e 4 5, 5 0 0- s q u ar e-f o ot L S U C e nt er f or Ri v er St u di e s f a cilit y at T h e W at er C a m p u s. T h e r e s e ar c h m o d el i s a m o n g t h e l ar g e st of it s ki n d i n t h e w orl d, i n c or p or ati n g 1 7 9 mil e s of t h e Mi s si s si p pi Ri v er fr o m D o n al d s o n vill e t o t h e G ulf of M exi c o.

S A N OVA D E R M AT OL O GY

Al o n g wit h a m o d er n r e c e pti o n d e s k a n d w aiti n g r o o m, t h e e ntr a n c e of t h e S a n o v a D er m at ol o g y Offi c e at 6 4 1 1 P er ki n s R o a d f e at ur e s a tr a n s p ar e nt g a s fir e pl a c e b uilt i nt o a w all of D ur a B ei g e Li m e st o n e, a d di n g w ar mt h a n d b al a n ci n g t h e t e m p er at ur e n e e d s of p ati e nt s a n d vi sit or s. T err a z z o fl o ori n g k e e p s t h e s p a c e li g ht a n d air y a n d i s d ur a bl e a n d e a s y t o m ai nt ai n. T h e b uil di n g w a s c o m pl et e i n D e c e m b er.

TAYL O R H ALL

C o m pl et e d i n D e c e m b er, t h e $ 1 1 6 milli o n P atri c k F. Ta yl or H all i s h o m e t o t h e L S U C oll e g e of E n gi n e eri n g, e n c o m p a s si n g s o m e 4 3 6, 0 0 0 s q u ar e f e et of s p a c e. O n e f e at ur e of t h e pr oj e ct i s T h e C o m m o n s, a n e n cl o s e d di ni n g ar e a w h er e st u d e nt s c a n di n e, c h at a n d st u d y i n a n o p e n e n vir o n m e nt wit h l ot s of n at ur al li g ht.

WATE R C A M P U S

T h e fir st fl o or of t h e C e nt er f or C o a st al a n d D elt ai c S ol uti o n s i s d e di c at e d t o W at er W or ki n g, a m e m b er s hi p b a s e d s h ar e d w or k pl a c e wit h s u p p ort f or gr o u p m e eti n g s, pr oj e ct s a n d s o ci al e v e nt s. T h e i c o ni c c e nt er pi e c e of t h e B at o n R o u g e W at er C a m p u s, t h e c o a st al c e nt er i s al s o h o m e t o T h e W at er I n stit ut e of t h e G ulf offi c e a n d T h e E st u ar y, a n e v e nt s a n d m e eti n g s p a c e.

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W e ma k e dr ea m h o m es a r eality

BER N H AR D C

O

N

S

T

R

U

2 2 5. 7 5 5. 8 1 1 0 |

C

T I

O

N

N OR M A N D

W W W. B N C - C O N T R A C T O R S. C O M

B e r n h a r d N o r m a n d C o n st r u cti o n a n d J e r e m y C o r k e r n St u di o a r e d e di c at e d t o d e si g ni n g a n d b uil di n g e x c e pti o n al h o m e s. T h ei r g o al i s si m pl e: T o t o u c h cli e nt’ s li v e s a n d c r e at e b e a utif ul h o m e s, m el di n g t r a diti o n a n d o r d e r wit h t h e m o d e r n.

C all u s t o d a y t o m a k e y o u r d r e a m h o m e a r e alit y.

A r c hit e ct u r al d e si g n b y:

2 0 5. 5 2 7. 2 0 6 2 | J E R E M Y C O R K E R N S T U DI O. C O M

S el e ct e d wi n n er s fr o m t h e A m eri c a n I n stit ut e of Ar c hit e ct s B at o n R o u g e Ex c ell e n c e i n D e si g n 2 0 1 7 R o s e A w ar d s.

L E E M A G N ET HI G H S C H O OL

O V E R VI E W

EYE O N T H E M A R K ET

A WARD- WINNING REAL ESTATE T o ut e d a s “ A S c h o ol Li k e N o Ot h er” fr o m it s a p pr o a c h t o l e ar ni n g t o it s c oll e gi at e- st yl e d c a m p u s, t h e n e w hi g h s c h o ol i s p oi s e d t o b e c o m e b ot h a s h o w pi e c e f or t h e E a st B at o n R o u g e P ari s h S c h o ol S y st e m a n d a l a u n c h p a d f or a n e w g e n er ati o n of st u d e nt e ntr e pr e n e ur s.

T h e hi g h s c h o ol h o u s e s gr a d e s 9- 1 2 i n a c a m p u s-li k e s etti n g wit h f o ur i n di vi d u al b uil di n g s, i n cl u di n g t hr e e a c a d e mi c f a ciliti e s a n d o n e c o m m o n s b uil di n g. T h e c a m p u s i s d e si g n e d t o pr o m ot e r e al-lif e ex p eri e n c e s, all o wi n g st u d e nt s t o a p pl y w h at t h e y l e ar n i n t h e cl a s sr o o m i n a s p e ci ali z e d l a b or at or y wit hi n t h e s a m e a c a d e m y.

H o n or e e:

P H O T O S C O U R T E S Y AI A- B A T O N R O U G E

A w ar d:

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200 L A U R EL ST R E ET

28

A n c h ori n g t h e w e st er n e n d of L a ur el Str e et, t hi s t hr e e- st or y mix e d- u s e r e d e v el o p m e nt s e e k s t o cr e at e a tr a n s p ar e nt a n d li v a bl e b uil di n g fr o nt al o n g t h e exi sti n g L a ur el a n d L af a y ett e str e et s c a p e s. O nl y t w o w all s a n d t h e fl o or sl a b of t h e ori gi n al, d et eri or at e d o n e- st or y b uil di n g c o ul d b e r et ai n e d a s a f o u n d ati o n f or t h e r e b uilt, t hr e e- st or y, st e el- a n d w o o d-fr a m e d str u ct ur e.

O v erl o o ki n g t h e Mi s si s si p pi Ri v er, t h e c o m p a ct f o ot pri nt pr o vi d e s c o m m er ci al s p a c e o n t h e fir st t w o fl o or s a n d a st e p p e d- b a c k r e si d e nti al u nit o n t h e t hir d fl o or.

H o n or e e:

C h e n e v ert Ar c hit e ct s

A w ar d: G ol d — Ar c hit e ct ur e J ur or s s ai d: “ W e w er e h a p p y t o c el e br at e t hi s a s a v er y g o o d e x a m pl e of a li v e/ w or k pr oj e ct.

T h e b uil di n g b ot h r e c a pt ur e s a n d e m p h ati c all y a n c h or s t h e str e et c or n er.”

Gr a c e H e b ert Ar c hit e ct s R o s e — Ar c hit e ct ur e

J ur or s s ai d: “ T h e d e si g n gi v e s gr a d e 9- 1 2 st u d e nt s a n e arl y c oll e g e e x p eri e n c e a n d tr e at s ki d s wit h r e s p e ct. T h e c o m m o n s s e e m s v er y w ell- s c al e d t o cr e at e a c e ntr al f o c u s f or lif e i n t h e s c h o ol.”

E A ST B AT O N R O U G E PA RI S H P U BLI C W O R K S & PL A N NI N G C E NTE R T hi s L e e d G ol d- c ertifi e d $ 8. 4 milli o n r e n o v ati o n n o w pr o vi d e s w or ki n g offi c e s f or Cit y of B at o n R o u g e m u ni ci p al pl a n n er s, ar c hit e ct s a n d e n gi n e er s pl u s p u bli c s er vi c e s t o citi z e n s a s a o n e- st o p s h o p. T hi s o n c e o b s ol et e a n d dil a pi d at e d b uil di n g i s n o w a n o v el a d a pti v e r e u s e pr oj e ct d e m o n str ati n g s u st ai n a bl e d e si g n. T h e pr oj e ct utili z e d a s ol ar p a n el arr a y, e n er g y m a n a g e m e nt s y st e m s, w e at h eri z ati o n i m pr o v e m e nt s a n d m u c h m or e, br e at hi n g lif e i nt o a n e gl e ct e d tr e a s ur e o n t h e N ati o n al R e gi st er b uilt i n 1 9 2 3. I n f a ct, 9 5 % of t h e b uil di n g’s ori gi n al i nt er n al s y st e m s a n d e n v el o p e w er e r e st or e d, i n cl u di n g w o o d fl o or s a n d vi nt a g e- st yl e d l o w- e i n s ul at e d gl a s s wi n d o w s, t h u s pr e s er vi n g t h e hi st ori c c h ar a ct er a n d l e giti m a c y of t h e r e gi st er e d hi st ori c l a n d m ar k.

H o n or e e:

Cr e s s & L o pr e st o Ar c hit e ct s L L C

A w ar d: R o s e — R e n o v ati o n s a n d A d diti o n s J ur or s s ai d: “It r et ur n s t o t h e b e st of w h at m a d e ol d, g o o d cit y b uil di n g s w or k. T h e t e a m h a s g o n e w ell a b o v e a n d b e y o n d t h e b o n e s of t h e ol d j u ni or hi g h s c h o ol a n d w or k e d e v er y s urf a c e pr ett y h ar d t o g et t o t h e fi n al pr o d u ct.”

500 L A U R EL T hi s offi c e b uil di n g w a s ori gi n all y b uilt i n 1 9 5 5 b y r e n o w n e d l o c al ar c hit e ct A. H a y s T o w n t o b e a cl a s si c mi d c e nt ur y m o d er n str u ct ur e i n t h e h e art of t h e d o w nt o w n ar e a. U nf ort u n at el y, t hi s six- st or y c o m m er ci al s p a c e f ell i nt o di sr e p air i n t h e l att er p orti o n of t h e 2 0t h a n d e arl y 2 1 st c e nt uri e s. T hi s r e n o v ati o n h a s tr a n sf or m e d t h e b uil di n g b a c k i nt o a vi a bl e pr oj e ct, m e eti n g t h e gr o wi n g d e m a n d f or offi c e s p a c e i n t h e ar e a a n d h o u si n g t h e c or p or at e offi c e s f or a b a n k.

H o n or e e:

D N A W or k s h o p: D y k e N el s o n Ar c hit e ct ur e

A w ar d: Sil v er & Pl a n ni n g C o m mi s si o n A w ar d s — R e n o v ati o n s a n d A d diti o n s J ur or s s ai d: “ O ur j ur y a p pr e ci at e d t h at t h e e xt eri or w or k st o p p e d s h ort of r e d efi ni n g t h e d e si g n a n d f o c u s e d o n r e st or ati o n.

S e v er al a s p e ct s of t h e d e si g n e v e n r et ur n e d t h e b uil di n g t o t h e ori gi n al vi si o n, li k e t h e bl u e gl a zi n g, wit h c o m m e n d a bl e r e str ai nt.”

LS U H O N O R S C OLL E G E R E N OVATI O N Ori gi n all y b uilt i n 1 9 3 5 a s a d or mit or y f or Fr e n c h l a n g u a g e a n d c ult ur al i m m er si o n, t h e Fr e n c h H o u s e n o w pr o u dl y st a n d s a s t h e e d u c ati o n al c e nt er of t h e H o n or s C oll e g e of L S U. T h e d e si g n t e a m s o u g ht t o r et ai n a n d pr e s er v e t h e hi st ori c c h ar a ct er of t h e ext eri or w hil e r ei m a gi ni n g t h e i nt eri or s t o m e et t h e n e e d s of a gr o wi n g m o d er n c a m p u s. T h e r el o c ati o n of m aj or cir c ul ati o n p at h s aff or d e d d a yli g ht a n o p p ort u nit y t o p e n etr at e o n c e d ar k, cl o s e d- off s p a c e s, w hil e at t h e s a m e ti m e all o w e d l ar g er e d u c ati o n al s p a c e s t o e m er g e. T h e r e s ult i s a n o pti m u m l e ar ni n g e n vir o n m e nt t h at c a n a d a pt t o t h e n e e d s of t o m orr o w’s st u d e nt s, all w hil e r e s p e cti n g t h e l e g a c y of t h e hi st ori c b uil di n g.

Ti pt o n A s s o ci at e s

A w ar d: R o s e — R e n o v ati o n s a n d A d diti o n s

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J ur or s s ai d: “ W e l o v e d t h e b al a n c e of t h e e xt eri or a s a p ur e r e st or ati o n v er s u s t h e i nt eri or a s a c o m pl et e tr a n sf or m ati o n. It w a s r efr e s hi n g t o s e e t h e m o d er n i nt eri or i nt er v e nti o n s wit h o ut c o nfli ct s ar o u n d t h e pr e s er v e d hi st ori c b uil di n g s h ell.”

Real Estate Report 2018

H o n or e e:

29

IN THE KN O

SP O NS O RE D C O NTE NT

W

S P O N S O R E D B Y:

H o w m uch h o use

can y o u really aff ord?

T

h er e ar e pl e nt y of “ e a s y” o nli n e c al c ul at or s a n d ot h er t o ol s cl ai mi n g t o e sti m at e y o ur m ort g a g e p a y m e nt s a n d d et er mi n e w hi c h l o a n s y o u m a y b e q u ali fi e d t o r e c ei v e. J a s o n G u eri n, o w n er of Ar e a H o m e L e n di n g n ot e s t h at m ort g a g e s ar e d e p e n d e nt o n s o m a n y f a ct or s wit h c o m pl e x g ui d eli n e s a n d a v ari et y of l o a n s t h at “it’ s r e all y i n y o ur b e st i nt er e st t o w or k wit h a br o k er.”

Wit h a b a n k, y o u ar e li mit e d t o o n e s et of pr o gr a m s, g ui d eli n e s a n d r at e s.

A m ort g a g e br o k er, o n t h e ot h er h a n d, h a s a c c e s s t o m or e t h a n a d o z e n b a n k s a n d l e n d er s t h at s p e ci ali z e i n m ort g a g e s.

W or ki n g wit h a l o c al br o k er, f a c e t o f a c e, e n s ur e s b u y er s g et p er s o n al s er vi c e, t h e b e st d e al, a n d t h e p erf e ct fit f or t h eir i n di vi d u al n e e d s.

B a c k i n t h e d a y, b a n k s r oll e d o ut o n e r at e a n d o n e s et of g ui d eli n e s. W h at t h at m e a nt: If y o u w a nt e d a c o n v e nti o n al 3 0 - y e ar fi x e d l o a n, t h e r at e w a s X. X X %. “ B a n k s g ot s m art er,” J a s o n s a y s. “ T h e y r e ali z e d t h at s o m e o n e wit h a cr e dit s c or e of 6 0 0 i s a hi g h er ri s k t h a n a 7 0 0, a hi g h d e bt t o i n c o m e r ati o i s ri s ki er, a n d

s o m e o n e wit h si x m o nt h s of r e s er v e s i n s a vi n g s i s a s af er b et.” B a n k s t h e n b e g a n a dj u sti n g r at e s a c c or di n g t o ri s k.

Wit h t h at al s o c a m e m or e v ari ati o n s of

M O R T G A G E P U Z Z L E PI E C E S • C R E DI T H E A L T H: W hil e y o u m a y q u alif y wit h a 5 8 0, a s c or e of 6 4 0 o ff er s m or e o pti o n s, a n d o v er 7 4 0 i s i d e al

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• D E B T T O I N C O M E R A TI O: ( D TI) C al c ul at e t hi s b y di vi di n g y o ur m o nt hl y d e bt p a y m e nt s b y y o ur gr o s s m o nt hl y i n c o m e. 4 5 % t o 3 6 % a n d u n d er i s r e all y t h e i d e al a m o u nt

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• M O N E Y I N S A VI N G S W hil e t h er e ar e l o a n s t h at d o n ot r e q uir e s a vi n g s or a d o w n p a y m e nt, if a b u y er’ s cr e dit i s n’t

t o o g o o d or t h eir D TI i s hi g h, r e s er v e s m a y b e r e q uir e d f or a p pr o v al.

• S P E N DI N G H A BI T S T O C O N SI D E R. T h e s e m a y n ot f a ct or i nt o y o ur a p pr o v al b ut c ert ai nl y s h o ul d b e c o n si d er e d w h e n c al c ul ati n g y o ur m o nt hl y m ort g a g e p a y m e nt: s c h o ol t uiti o n, di ni n g o ut, e nt ert ai ni n g, or s h o p pi n g.

t h e st a n d ar d l e n di n g o pti o n s o ff er e d i n t h e p a st. T hi s m a y all s e e m li k e o b vi o u s i nf or m ati o n, b ut all of t h e s e pi e c e s fit t o g et h er t o c o m pl et e y o ur m ort g a g e c al c ul ati o n p u z zl e.

J a s o n h a s b e e n h a n dli n g m ort g a g e s f or m or e t h a n 2 0 y e ar s. “ W h e n I fir st st art e d, t h er e w er e n’t a l ot of o pti o n s,” J a s o n s a y s. “ E a c h b u y er a n d e v er y sit u ati o n i s di ff er e nt w h e n it c o m e s t o fi n a n ci n g a h o m e.” P e o pl e h a v e v er y di ff er e nt s p e n di n g h a bit s. J u st b e c a u s e s o m e o n e i s a p pr o v e d f or a $ 2 0 0, 0 0 0 l o a n d o e s n’t n e c e s s aril y m e a n t h e y c a n a ff or d it. It’ s i m p ort a nt n ot o nl y t o g et a p pr o v e d, b ut al s o t o e n s ur e y o u c a n h a n dl e t h e p a y m e nt s.

C o nt a ct J a s o n a n d hi s t e a m at Ar e a H o m e L e n di n g at Ar e a H o m e L e n di n g. c o m t o fi n d y o ur p erf e ct fi n a n ci al fit.

Ar e a H o m e L e n di n g N M L S I D 7 5 3 8 6 1 7 3 7 O a k d al e Dri v e, B at o n R o u g e, L A 7 0 8 1 0 2 2 5. 6 6 3. 2 5 0 0; J a s o n C. G u eri n N M L S I D 1 1 3 0 5 2

R E SI D E N TI A L

SINGLE FA MILY

T H E S KI N N Y:

SI N G L E F A MI LY I N SI G H T

T h e B at o n R o u g e m ar k et c o nti n u e s t o r e c o v er fr o m t h e A u g u st 2 0 1 6 fl o o d w hil e b u y er s ar e e m br a ci n g mix e d- u s e d e v el o p m e nt s.

MI XI N G IT U P: The residential market is especially healthy in mixed-use develop ments like Willo w Grove.

M A RI E C O N S T A N TI N

B Y C AI TI E B U R K E S

S AL E S S PI K E: Sales prices for houses in Glen Oaks that were spared by the August 2016 flood soared 56 % last year.

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i n cr e a s e d 5 6 % aft er t h e fl o o d, s pi ki n g fr o m $ 6 1, 2 5 0 t o $ 9 5, 5 0 0.

T h o u s a n d s of h o m e s h a v e al s o b e e n m o d er ni z e d, i n cr e a si n g v al u e a n d m a ki n g t h o s e s u b di vi si o n s m or e d e sir a bl e. T h e p o st-fl o o d s ell er’s m ar k et c o nti n u e s — h o u si n g s u p pl y r e m ai n s ar o u n d 3. 5 m o nt h s, b el o w t h e 5- m o nt h “ b al a n c e d” l e v el, a n d 5 3 % of all h o m e s al e s i n 2 0 1 7 o c c urr e d wit hi n t h e fir st 3 0 d a y s o n t h e m ar k et — b ut si g n s p oi nt t o w ar d a sl o w t ur n t o w ar d n or m al c y. T h e hi g h d e m a n d r e s ult e d i n s al e s v ol u m e i n cr e a si n g s o m e 4. 4 % fr o m 2 0 1 6, wit h 1 1, 1 8 6 u nit s s ol d, a n d p ers q u ar e-f o ot pri c e s w er e al s o u p.

Real Estate Report 2018

I T’ S B E E N N E A R L Y t w o y e ar s si n c e t h e A u g u st 2 0 1 6 fl o o d, y et r e si d e nti al a g e nt s s a y t h e B at o n R o u g e ar e a h o u si n g m ar k et i s still i n r e c o v er y m o d e. T h at s ai d, t h e r e si d e nti al s e ct or i s r et ur ni n g t o st a bilit y —t h e B at o n R o u g e m ar k et h a s r et ur n e d t o it s tr a diti o n al s e c o n d s p ot b e hi n d N e w Orl e a n s i n s al e s — a n d i s e v e n b ei n g b o o st e d b y s o m e p o siti v e eff e ct s si n c e t h e fl o o d w at er s s u b si d e d.

S e v er al s u b di vi si o n s ex p eri e n c e d si g nifi c a nt p o st-fl o o d pri c e i n cr e a s e s. M e di a n s al e s pri c e s f or h o m e s t h at di d n ot fl o o d i n t h e Gl e n O a k s n ei g h b or h o o d, f or ex a m pl e,

STAF F P H OT O

T HE PE RF E CT ST O R M …

A N D IT S EFF E CT S

31

TI M M U E L L E R

C O L LI N RI C HI E

SI N G L E F A MI LY I N SI G H T

S E E M E N O W: Though fi nding a condo miniu m or to wnhouse can be a challenge, attached housing, like at Perkins Lane, are popular with buyers.

MI“ LI XV E,E D-W O USE M A NI A R K A N D P L A Y ” i s n o l o n g er j u st a d o w nt o w n b u z z p hr a s e;

HL OOO NE Y, I S H R U N K T HE C O N D O I NV E NT O RY KI N G F O R A c o n d o or t o w n h o u s e ? Y o u mi g ht b e o ut of l u c k —t h e

d e v el o p er s a cr o s s t h e p ari s h ar e t a ki n g n ot e of a d e sir e f or t hr e e-i no n e n ei g h b or h o o d s. Ai mi n g t o c o m bi n e r e si d e nti al, r et ail a n d offi c e, at l e st t o s o m e d e gr e e, mix e d- u s e d e v el o p m e nt s h a v e b e c o m e m or e pr e v al e nt i n t h e C a pit al R e gi o n. T h e tr e n d h er e st art e d wit h P er ki n s R o w e a n d T h e S ettl e m e nt at Will o w Gr o v e, b ut h a s ex p a n d e d t o A m eri c a n a i n Z a c h ar y a n d C e ntr al’s Vill a g e s at M a g n oli a S q u ar e. T o d a y, t h er e ar e m or e t h a n a d o z e n d e v el o p m e nt s a cr o s s t h e B at o n R o u g e ar e a wit h mix e d- u s e f e at ur e s, i n cl u di n g L o n g F ar m Vill a g e a n d t h e R o u z a n d e v el o p m e nt i n S o ut h d o w n s, w hi c h i s o n e of t h e f e w z o n e d a s a Tr a diti o n al N ei g h b or h o o d D e v el o p m e nt. M or e ar e o n t h eir w a y, t o o: T h e pr o p o s e d M at err a d e v el o p m e nt, l o c at e d o n pr o p ert y o w n e d b y a n d a dj a c e nt t o W o m a n’s H o s pit al, will f e at ur e 1 2 4 l o w- d e n sit y, si n gl e-f a mil y h o u s e s, i n a d diti o n t o a m ultif a mil y c o m pl ex, r e st a ur a nt s a n d c o m m er ci al r et ail s p a c e. T h e Vill a s at R e d Sti c k o n Ol d H a m m o n d Hi g h w a y a s w ell a s P oi nt e- M ari e o n Ri v er R o a d, n e ar t h e L’ A u b er g e C a si n o, ar e al s o i n d e v el o p m e nt. T hi s p h e n o m e n o n i s n’t li mit e d t o B at o n R o u g e. A d di s, f or ex a m pl e, i s ex p e cti n g a n e w mix e d- u s e d e v el o p m e nt n e ar S u g ar Mill, c all e d S w e et W at er P oi nt, f e at uri n g 4 3 si n gl e-f a mil y h o m e s a n d a m ultif a mil y c o m pl ex wit h 1 6 0 u nit s i n p h a s e o n e. T h e d e v el o p er s al s o pl a n t o a d d a r et ail c o m p o n e nt t o t h e pr oj e ct.

l o c al att a c h e d h o u si n g i n v e nt or y i s s hri n ki n g, a c c or di n g t o a st u d y t h at m e a s ur e d t h e s u p pl y fr o m M ar c h 2 0 0 4 t hr o u g h F e br u ar y 2 0 1 7. W hil e t h e n u m b er of t o w n h o m e s a n d c o n d o s s ol d i n t h e gr e at er B at o n R o u g e ar e a l a st y e ar i s n’t all t h at si g nifi c a nt — a b o ut 9 6 4, c o m p ar e d t o 9 1 8 i n 2 0 1 6 —t h e a v er a g e d a y s t h e y sit o n t h e m ar k et dr o p p e d fr o m 1 1 8 t o 9 8. T h e m o nt h’s s u p pl y of a v ail a bl e c o n d o s m e a s ur e d i n t h e st u d y i s t h e l o w e st r e c or d e d, at 5. 4 m o nt h s.

U GLY A W A R D: Blighted properties continue to be a proble m —and an eyesore —across many parts of the Baton Rouge region.

| Real Estate Report 2018

BLI G HT, BE G O NE B E A U TI F YI N G B A T O N R O U G E i s n o e a s y t a s k, b ut eff ort s ar e b ei n g

32

m a d e at t h e cit y- p ari s h l e v el t o k e e p L o ui si a n a’s c a pit al cit y — a n d t h e si n gl e-f a mil y u nit s t hr o u g h o ut t h e ar e a — pri sti n e a n d s af e. If t h e e m pt y h o u s e n ext d o or h a s o v er gr o w n gr a s s, u n si g htl y d e bri s or a dirt y, u nf e n c e d s wi m mi n g p o ol, y o ur pr o p ert y v al u e c a n b e s a v e d: M a y or S h ar o n W e st o n Br o o m e h a s t hr o w n t o g et h er a bli g ht r e m e di ati o n t a s k f or c e t o i d e ntif y v a c a nt a n d a b a n d o n e d pr o p erti e s t h at n e e d t o b e d e m oli s h e d. T h e t e a m, w hi c h h a s a h eft y $ 3 milli o n b u d g et t hi s y e ar, c o n d u ct e d j u st s h y of 1 1, 0 0 0 i n s p e cti o n s i n 2 0 1 7, r e s ulti n g i n t h e d e m oliti o n of 1 2 3 bli g ht e d h o m e s.

FI L E P H O T O

D O N K A D AI R

R E SI D E N TI A L

S C A N NI N G R O O F T O P S: Mixed-use develop ments —like Rouzan, off Perkins Road in Southdo wns —are gro wing in popularity as more projects are planned across the Baton Rouge region.

ALL A B O UT L O C ATI O N: Buyers are essentially buying lots in higher-end neighborhoods, tearing do wn the older, existing house and replacing it with a more modern residence.

FLI P T HIS H O USE … O R T E A R IT D O W N I N O L D E R N EI G H B O R H O O D S, li k e t h e C o u ntr y Cl u b of L o ui si a n a

a n d B o c a g e, m o st n e w b u y er s ar e p ur c h a si n g ol d er h o m e s, g utti n g t h e m o ut a n d eit h er r e n o v ati n g t h e m or b uil di n g n e w h o m e s o n t h e sit e.

O n e h o u s e h a s alr e a d y b e e n t or n d o w n i n C C L A b e c a u s e t h e l ot w a s w ort h m or e t h a n t h e h o u s e, s a y s a g e nt Q uit a C utr er. T h e tr e n d — w hi c h fir st a p p e ar e d i n ol d er, l ar g er-l ot n ei g h b or h o o d s li k e St e el e Pl a c e — h a s al s o b e e n h a p p e ni n g i n B o c a g e, s h e a d d s, w h er e s o m e fi v e h o m e s h a v e b e e n t or n d o w n f or t h eir l ot s, w hi c h will h a v e n e w, m or e m o d er n h o u s e s b uilt o n t h e m.

W H AT T H EY’ R E A S KI N G A N D W H AT T H EY’ R E G ETTI N G

DI GI T S

A b y-t h e- n u m b er s l o o k at t h e C a pit al R e gi o n’s si n gl e-f a mil y m ar k et

E A ST B AT O N R O U G E PA RI S H A v er a g e li st pri c e

186

$242,420

A v er a g e s al e pri c e

$239,282

N u m b er of n e w l ux ur y m ar k et h o m e s h o u s e s ( $ 4 0 0, 0 0 0- pl u s) s ol d i n 2 0 1 7. T h e a v er a g e s al e s pri c e of $ 5 4 8, 2 9 6 w a s u p m or e t h a n $ 1 3, 0 0 0 fr o m 2 0 1 6.

98

A v er a g e n u m b er of d a y s a c o n d o or t o w n h o u s e sit s o n t h e m ar k et a s i n v e nt or y d e cli n e s.

$3 million 70809 A m o u nt b u d g et e d i n 2 0 1 8 f or M a y or S h ar o n W e st o n Br o o m e’s bli g ht r e m e di ati o n t e a m.

T h e h ott e st s elli n g zi p c o d e i n B at o n R o u g e, a c c or di n g t o r e alt or. c o m.

$2.4billion 4.4 % T ot al v al u e of C a pit al R e gi o n h o m e s al e s i n 2 0 1 7.

I n cr e a s e i n C a pit al R e gi o n s al e s v ol u m e l a st y e ar o v er 2 0 1 7.

$112

A v er a g e d a y s o n m ar k et

49

LIVI N G ST O N PA RI S H

A S C E N SI O N PA RI S H

A v er a g e li st pri c e

A v er a g e li st pri c e

A v er a g e s al e pri c e

A v er a g e s al e pri c e

A v er a g e d a y s o n m ar k et

A v er a g e d a y s o n m ar k et

$193,193 $193,117

A v er a g e s elli n g pri c e p er s q u ar e f o ot i n 2 0 1 7.

49

$187,154

$183,689 44

S OURCE: Greater Baton Rouge Association of Realtors, presented at the 2018 Baton Rouge TRE NDS se minar. For more infor mation, go to batonrougetrends.net

Y O U R P A RT NE RI N

P R

G RE S S

D E M C O gi v e s y o ur b u si n e s s t h e p o w er t o gr o w.

d e m c o. o r g

Real Estate Report 2018

/ D E M C O L o ui si a n a

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R e si d e nti al r e al e st at e ffir m s

| Real Estate Report 2018

R E SI D E N TI A L

R A N KI N G S

R a n k e d b y n u m b er of l o c al, li c e n s e d r e si d e nti al a g e nt s.

34

PREV. RANK

FIR M ADDRESS PHONE/ WEBSITE

TOP LOCAL EXECUTIVE(S)

NO. OF LOCAL RESIDENTIAL AGENTS

YEAR FOUNDED LOCALLY

255

1917

Baton Rouge, Lafayette, Alexandria, Ne w Orleans, Lake Charles, Hou ma, Thibodaux, Cut Off, Houston and Mississippi Gulf Coast

MARKET AREA(S)

1

1

C.J. Bro w n Realtors Robert Merrick, Joseph Pappalardo, 14452 Airline H wy./7414 Perkins Road/1113 S. Range Ave., Robert Penick, Connie Kyle, Sandy Baton Rouge and Denha m Springs 70816/70808/70726 Daly, Lacey Con way (225) 292-1000/(225) 769-1500 /(225) 791-1919/cjbro wn.co m

2

2

Keller Willia ms Realty – Re d Stick Part ners 8686 Bluebonnet Blvd., Baton Rouge 70810 (225) 768-1800/k w.co m

Larry Cha mpagne, Johnette Cha mpagne, Alex Polito, Jere my Cha mpagne

227

2000

Greater Baton Rouge

3

3

Keller Willia ms First C hoice 17111 Co m merce Centre Drive, Ste. A, Prairieville 70769 (225) 744-0044/k wtirstchoice.co m

Tonya Toups Gautreau, Lyric Foret

198

2011

Ascension, East Baton Rouge, West Baton Rouge and Livingston parishes

4

9

Keller Willia ms Realty Greater Bato n Ro u ge 19850 Old Scenic H wy., Ste. 100, Zachary 70791 (225) 570-2900/zachary.yourk woftice.co m

Suzi Gautreaux, Rob Daniel, Chuck Roberts, Jeff Ada ms, Phil Free man

122

2007

Ascension, East Baton Rouge, Livingston, East Feliciana and West Feliciana parishes

5

6

K D K Ca pital Re gio n Realty 11414 Lake Sher wood Ave. North, Baton Rouge 70816 (225) 500-1125/kdkrealty.co m

Jonathan Dupree, Heather Kirkpatrick, A my Dupree, Carolyn Hopkins, Laura Dupree, Wendy Le Blanc, Juan Andricain

116

2015

Greater Baton Rouge

4

Keller Willia ms Realty Pre mier Part ners (1) 291 Veterans Blvd., Denha m Springs 70726 (225) 664-1911/denha msprings.yourk woftice.co m

Matt Hughes

116

2006

Greater Baton Rouge

7

5

Col d well Ba nker O ne 5025 Bluebonnet Blvd., Baton Rouge 70809 (225) 925-2500/cold wellbankerone.co m

Andrea Mc Key, David Mc Key, Betty Phelps

99

1989

Greater Baton Rouge and Mississippi

8

8

Covi n gto n & Associates Real Estate 1110 S. Range Ave., Denha m Springs 70726 (225) 667-3711/covingtonrealestate.net

La wson Covington

85

2011

Greater Baton Rouge

9

7

R E/ M A X First 4750 Sher wood Co m mon Blvd., Baton Rouge 70816 (225) 291-1234/brho mesfirst.co m

Wynona Squires

79

1998

Greater Baton Rouge

10

NR

Berks hire Hat ha way Ho me Services U nite d Pro perties 8440 Jefferson H wy., Ste 100, Baton Rouge 70809 (225) 615-8055/bhhs-united.co m

Chase Muller

61

2016

Greater Baton Rouge

11

10

B ur ns & Co. (1) 17400 Me morial Ave., Baton Rouge 70810 (225) 752-3100/burnsandco.co m

Paul Burns

57

1993

Greater Baton Rouge

12

12

R E/ M A X Professio nal 8556 Jefferson H wy., Ste. A, Baton Rouge 70809 (225) 615-7755/professionalbr.co m

Lisa Landers

44

2011

Greater Baton Rouge, Ne w Orleans

14

Realty Exec utives So ut h Lo uisia na 15615 Airline H wy., Ste. B, Prairieville 70769 (225) 677-7772/southlouisianagroup.co m

Gary Fontenot, Rick Gautreau, Gary Binns

44

2010

Greater Baton Rouge and Ne w Orleans

14

12

Pro Sol d Realty (1) 4735 Perkins Road, Baton Rouge 70808 (225) 663-2015/prosoldrealty.co m

Diana Sutherland

41

2009

South Baton Rouge

15

11

Ti ger To w n Realty, LL C 17461 Jefferson H wy., Ste. A/4480 Main St., Baton Rouge and Zachary 70817/70791 (225) 755-7022/tigerto wnrealty.co m

Shannon AndrĂŠ- De wey

38

2007

Greater Baton Rouge and Ne w Orleans

16

14

Gar d ner Realtors 3888 S. Sher wood Forest Blvd., Ste. S, Baton Rouge 70816 (800) 256-5677/gardnerrealtors.co m

Glenn Gardner, Becky Shelton, Nancy Har mann

35

1943

Greater Baton Rouge, Ne w Orleans and Mississippi Gulf Coast

17

16

Villar & Co. Real Estate 37283 S wa mp Road, Ste.102, Prairieville 70769 (225) 744-2610/villarrealestate.co m

Donna Villar

23

2005

East Baton Rouge, Ascension and Livingston parishes

18

17

Darre n Ja mes & Associates (1) 31388 La. 16, Denha m Springs 70726 (225) 304-6363/agent225.co m

Darren Ja mes, Jennifer Ja mes

19

2011

Baton Rouge, Denha m Springs, Central, Ascension Parish, Ha m mond, Covington and Ne w Orleans

N R = Not ranked. Infor mation presented was provided by co mpany re presentatives, and Business Report assu mes the data are accurate and truthful. Not all area real e state tir ms are sho wn, only those providing requested infor mation with 19 or more loca l, licensed residential agents. Residential real estate tir ms featured in Business Report 's List makers must have at least one location or facility located in the nine-parish Capital Region, unless other wise noted. For corrections or to be considered when the list is next updated, please contact scru mp @businessreport.co m.

(1) 2017 data. Fir m was unable to update infor mation at the ti me of publication.

Researched by Sierra Cru mp

All r a n ki n gs ar e d et er mi n e d s ol ely t hr o u g h i n d e p e n d e nt r es e ar c h. Hi g hli g ht e d e ntri es ar e f or t h os e c o m p a ni es t h at p ay a f e e f or a n u p gr a d e d listi n g aft er t h eir eli gi bility f or t h e list h as b e e n d et er mi n e d.

Real Estate Report 2018

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35

Li c e n s e d h o m e b uil d er s Li c e n s e d h o m e b uil d er s R a n k e d b y t ot al 2 0 1 7 p er mit v al u ati o n i n E a st B at o n R o u g e P ar i s h.

R E SI D E N TI A L

R A N KI N G S

R a n k e d b y t ot al 2 0 1 7 p er mit v al u ati o n i n E a st B at o n R o u g e P ar i s h.

BUSINESS NA ME ADDRESS BUSINESS NA ME ADDRESS

1 1

2 2

3 3

4 4

5 5

6 6

7 7

8 8

9 9

10

| Real Estate Report 2018

10

36

11 11

PHONE

CONTRACTOR(S)

TOTAL 2017 EBR PER MITS

TOTAL 2017 EBR VALUATION

PHONE

CONTRACTOR(S)

TOTAL 2017 EBR PER MITS

TOTAL 2017 EBR VALUATION

D SL D Ho mes- G ulf Coast 1220 S. Range Ave., Denha m Springs 70726 D SL D Ho mes- G ulf Coast 1220 S. Range Ave., Denha m Springs 70726

(225) 791-6860

Saun Sullivan

152

$29,275,908

(225) 791-6860

Saun Sullivan

152

$29,275,908

Alvarez Co nstr uctio n Co. 15015 Ja mesto wn Blvd., Ste. 100, Baton Rouge 70810 Alvarez Co nstr uctio n Co. 15015 Ja mesto wn Blvd., Ste. 100, Baton Rouge 70810

(225) 293-4545

Carlos Alvarez

102

$19,513,928

(225) 293-4545

Carlos Alvarez

102

$19,513,928

D. R. Horto n- G ulf Coast 7696 Vincent Road, Denha m Springs 70726 D. R. Horto n- G ulf Coast 7696 Vincent Road, Denha m Springs 70726

(225) 664-1240

Michael Cascio

69

$12,553,924

(225) 664-1240

Michael Cascio

69

$12,553,924

Ber n har d Nor ma n d Co nstr uctio n 10182 Patriot Drive, Baton Rouge 70816 Ber n har d Nor ma n d Co nstr uctio n 10182 Patriot Drive, Baton Rouge 70816

(225) 755-8110

Todd Nor man, Nic Bernhard

10

$6,796,093

(225) 755-8110

Todd Nor man, Nic Bernhard

10

$6,796,093

Bar d well Co nstr uctio n Co. 5153 Bluebonnet Blvd., Ste. A, Baton Rouge 70809 Bar d well Co nstr uctio n Co. 5153 Bluebonnet Blvd., Ste. A, Baton Rouge 70809

(225) 924-4058

Scott Bard well

19

$5,798,918

(225) 924-4058

Scott Bard well

19

$5,798,918

Alfre d Ro per 42171 Denver Alfre d Ro per 42171 Denver

(225) 663-2736

Alfred Roper, Chad Roper

3

$5,320,000

(225) 663-2736

Alfred Roper, Chad Roper

3

$5,320,000

Davi d Ric har dso n B uil der 11402 Cypress Barn Drive, Baton Rouge 70810 Davi d Ric har dso n B uil der 11402 Cypress Barn Drive, Baton Rouge 70810

(225) 413-3267

David Richardson

6

$5,215,000

(225) 413-3267

David Richardson

6

$5,215,000

Disti nctive Ho mes by Watso n 6750 Exchequer Drive, Ste. B, Baton Rouge 70809 Disti nctive Ho mes by Watso n 6750 Exchequer Drive, Ste. B, Baton Rouge 70809

(225) 751-0499

Tyler Watson

12

$4,276,268

(225) 751-0499

Tyler Watson

12

$4,276,268

Site Co m pa nies 7515 Jefferson H wy., #319, Baton Rouge 70806 Site Co m pa nies 7515 Jefferson H wy., #319, Baton Rouge 70806

(225) 270-4598

Anthony Turnley

4

$3,880,000

(225) 270-4598

Anthony Turnley

4

$3,880,000

Carter Hill Co nstr uctio n 7809 Jefferson H wy., Ste. F2, Baton Rouge 70809 Carter Hill Co nstr uctio n 7809 Jefferson H wy., Ste. F2, Baton Rouge 70809

(225) 923-2231

Carter Hill

3

$3,650,000

(225) 923-2231

Carter Hill

3

$3,650,000

Bra n do n Craft Develo p me nts 13867 Briarlake Ave., Baton Rouge 70809 Bra n do n Craft Develo p me nts 13867 Briarlake Ave., Baton Rouge 70809

(225) 247-3101

Brandon Craft

7

$3,288,508

(225) 247-3101

Brandon Craft

7

$3,288,508

Co ntractor Hurst Road, Gonzales 70737 Co ntractor Hurst Road, Gonzales 70737

Source: myper mitno w.org. This list does not reffiect all area ho mebuilders, only those receiving East Baton Rouge Parish per mit s in 2017 with a total valuation of $2,005,000 or more, and Researched by Sierra Cru mp only those builders tiling per mits under their business na me. Business Report assu mes the data are accurate and truthful. E mail scru mp @busine ssreport.co m with corrections.

Source: myper mitno w.org. This list does not retiect all area ho mebuilders, only those receiving East Baton Rouge Parish per mit s in 2017 with a total valuation of $2,005,000 or more, and Researched by Sierra Cru mp only those builders tiling per mits under their business na me. Business Report assu mes the data are accurate and truthful. E mail scru mp @busine ssreport.co m with corrections.

All r a n ki n gs ar e d et er mi n e d s ol ely t hr o u g h i n d e p e n d e nt r es e ar c h. Hi g hli g ht e d e ntri es ar e f or t h os e c o m p a ni es t h at p ay a f e e f or a n u p gr a d e d listi n g aft er t h eir eli gi bility f or t h e list h as b e e n d et er mi n e d.

38

| Real Estate Report 2018

Li c e n s e d h o m e b uil d er s R a n k e d b y t ot al 2 0 1 7 p er mit v al u ati o n i n E a st B at o n R o u g e P ar i s h.

PHONE

CONTRACTOR(S)

TOTAL 2017 EBR PER MITS

TOTAL 2017 EBR VALUATION

(225) 338-6120

Todd Waguespack

14

$2,945,454

13

Ele me nt Co nstr uctio n 4889 Field Drive, Baton Rouge 70809

(225) 505-9367

Jere my Vasquez

5

$2,591,000

14

Staffor d Ho mes 3233 S. Sher wood Forest Blvd., Ste. 105, Baton Rouge 70816

(225) 755-8190

Ed ward "Scooter" Stafford

12

$2,558,478

15

Vertical Co nstr uctio n 14322 Me morial To wer Drive, Baton Rouge 70810

(225) 892-6000

Richie Ed monds, Jason Ryder

6

$2,466,999

16

Sc heffy Co nstr uctio n 8017 Jefferson H wy., Ste. C-4, Baton Rouge 70809

(225) 939-5435

Robert Scheffy III

8

$2,420,778

17

Asce nsio n Pro perties 17320 Manchac Acres Road, Prairieville 70769

(225) 622-4663

Chris Ingra m

7

$2,231,690

18

Fo urs q uare Ho mes 6421 Perkins Road, 1-A, Baton Rouge 70808

(225) 279-3160

Chris Pike

6

$2,229,000

19

Col by Co nstr uctors 10343 Siegen Lane, Bldg. 2-A, Baton Rouge 70810

(225) 802-8382

Alan Colby

7

$2,167,808

20

L A C usto m Co nstr uctio n 17301 Jefferson H wy. Ste 1- B, Baton Rouge 70817

(225) 931-6981

Luke Gehbauer, Ja mie Gehbauer

8

$2,107,916

21

Tra ditio ns 8128 Highland Road, Baton Rouge 70808

(225) 769-3801

Ted Braud, Jackie Braud

3

$2,092,000

22

A u d u bo n Ge neral Co ntractors 3135 Old Forge Drive, Baton Rouge 70808

(225) 928-5902

Mark Montgo mery

5

$2,005,000

Researched by Sierra Cru mp

|

Source: myper mitno w.org. This list does not reffiect all area ho mebuilders, only those receiving East Baton Rouge Parish per mit s in 2017 with a total valuation of $2,005,000 or more, and only those builders tiling per mits under their business na me. Business Report assu mes the data are accurate and truthful. E mail scru mp @busine ssreport.co m with corrections.

Real Estate Report 2018

Level Co nstr uctio n a n d Develo p me nt 402 N. Fourth Street, Baton Rouge 70802

R A N KI N G S

12

R E SI D E N TI A L

BUSINESS NA ME ADDRESS

39

R e al e st at e titl e c o m p a ni e s

| Real Estate Report 2018

R E SI D E N TI A L

R A N KI N G S

R a n k e d b y t h e t ot al n u m b er of l o c al tr a n s a cti o n s cl o s e d i n 2 0 1 7 .

40

PREV. RANK

CO MPANY ADDRESS PHONE/ WEBSITE

TOP LOCAL EXECUTIVE(S)

TRANSACTIONS CLOSED FULL-TI ME STAFF

CLOSING ATTORNEYS CLOSING NOTARIES

PRI MARY INSURANCE UNDER WRITERS

1

3

Cy press Title 1800 City Far m Drive, Bldg. 3, Baton Rouge 70806 (225) 751-9101/cypresstitle.co m

Bryan Denison, Jason Dupree, Johnny Mc Kay

3,457 25

11 11

2

1

Co m merce Title & A bstract Co. 2051 Silverside Drive, Ste. 160, Baton Rouge 70808 (225) 769-8800/co m mercetitle.co m

Walter Co meaux, Do minique " Niki" Beeson, Calvert Stone

3,048 42

9 5

3

2

Mark Schoen, A my Lane, Robert Ada ms

2,362 23

3 9

4

5

Sheila Bonnette

1,730 28

5 1

Fidelity National Title First A merican Title

5

4

Jacques Favret, David Morgan

1,459 17

4 2

6

7

Ronny Cha mplin, Steve Landry, Stephanie Doran

1,203 9

3 6

7

12

Bato n Ro u ge Title Co. 10500 Coursey Blvd., Ste. 100, Baton Rouge 70816 (225) 291-1111/brtitle.co m C hoice Title 17517 Old Jefferson H wy., Prairieville 70769 (225) 744-4241/choicetitle.co m Title Pl us Title Co. 7389 Florida Blvd., Ste. 200 B, Baton Rouge 70806 (225) 709-3500/titleplusla.co m C ha m pli n Title 5341 S. Sher wood Forest Blvd., Baton Rouge 70816 (225) 295-3600/cha mplintitle.co m Preferre d Title Co m pa ny 9100 Bluebonnet Centre Blvd., Ste. 102, Baton Rouge 70809 (225) 766-6464/preferredtitleco.co m

Co m mon wealth Land Title First A merican Title WF G National Title Insurance Security Title Insurance Fidelity National Title Ste wart Title Guaranty Security Title Guarantee First A merican Title Chicago Title Insurance Fidelity National Title Insurance Co m mon wealth Land Title

Patrick Miller

801 5

1 4

8

13

Le gacy Title 11813 Market Place Ave., Baton Rouge 70816 (225) 296-0060/legacytitlela.co m

Chad Reynolds

710 11

3 2

9

10

G ulf Coast Title 4701 Bluebonnet Blvd., Ste. A, Baton Rouge 70809 (225) 295-8222/gctitle.co m

Willia m Adcock

702 9

2 5

10

9

Willia m Leach

695 4

1 1

Old Republic Title Co m mon wealth Land Title WF G National Title Insurance Chicago Title Insurance Security Title Guarantee Ste wart Title Guaranty Security Title Guarantee Ste wart Title Guaranty First A merican Title Ste wart Title Guaranty Security Title Guarantee of Balti more First A merican Title Insurance Co mpany Alliant National Title Insurance Old Republic Title Co m mon wealth Land Title WF G National Title Insurance First A merican Title WF G National Title Insurance First A merican Title Co m mon wealth Land Title

11

6

Tyffanie Vial

550 6

1 1

Co m mon wealth Land Title WF G National Title Insurance

12

11

Benja min Brouillette

483 15

3 4

Fidelity National Title First A merican Title

13

NR

Jacques Waguespack

458 4

1 WND

Fidelity National Title Insurance

14

NR

Ricky Si m mons

271 2

1 0

Ste wart Title Guaranty Co mpany

15

NR

Roxanne Mc Kenzie, Olivia Keen Byers

246 4

2 WND

16

15

Ralph Hood, J. Donald Morgan, Walter O' Roark, III

212 6

3 6

Fidelity National Title Insurance Co. First A merican Title Insurance Co mpany

17

NR

WND

200 4

2 1

Chicago Title Insurance Co mpany

18

16

Eric Pitt man

172 2

1 1

Security Title Guarantee

19

NR

Charles Blaize Jr., Spencer Schoonenberg

103 3

1 4

Security Title Guarantee

20

NR

Michael Malino wski, Robert Lucky

82 5

1 1

Security Title Guarantee

Professio nal Title of Lo uisia na 1111 S. Range Ave., Denha m Springs 70726 (225) 665-5600/ptitleinc.co m T he Title So urce of Lo uisia na 8550 United Plaza, Ste. 702 , Baton Rouge 70827 (225) 572-7822/latitlesource.co m Acce nt Title 3999 S. Sher wood Forest Blvd., Baton Rouge 70816 (225) 292-2130/accenttitle.co m Part ners Title 402 N. 4th Street, Baton Rouge 70802 (225) 906-0440/partnerstitlela.co m First So ut her n Title Co m pa ny 8280 Y M CA Plaza Dr., Bldg. 7, Baton Rouge 70810 (225) 214-4141/ N/A Title Strea m 9456 Jefferson H wy., Ste. E, Baton Rouge 70809 (225) 390-3322/titlestrea m.co m Re d Stick Title Co m pa ny 2111 Quail Run Dr., Baton Rouge 70808 (225) 761-1655/redsticktitle.co m Hy de Title Co m pa ny 13862 Perkins Road, Ste. C, Baton Rouge 70810 (225) 752-3200/hydetitle.co m Tri- Paris h Title Co m pa ny I nc.

1930 Florida Ave. S W, Denha m Springs 70726 (225) 664-0043/ N/A MF B Title Sol utio ns 5800 One Perkins Place Drive, Ste. 2- B, Baton Rouge 70808 (225) 810-4998/ mfbffir m.co m Mi d City Title 3765 Govern ment St., Ste. B, Baton Rouge 70806 (225) 236-4252/ midcitytitle.co m

N R = Not ranked. W N D = Would not disclose. N/A = Not available. Co mpa ny representatives provided tigures presented, and Business Report assu mes the data are accurate and truthful. Not all area real estate title co mpanies are included, only those providing requested infor mation with a total of 82 or more local transactions closed in 2017. Total transactions may include govern ment or other unlisted transactions. Title co mpanies feat ured in Business Report 's List makers must have at least one location or facility located in the nine-parish Capital Region, unless other wise noted. If you would like your co mpany to be co nsidered for next year’s list, or if there are any corrections or additions, please e mail scru mp @businessreport.co m.

Ste wart Title Guaranty US National Title Insurance

Researched by Sierra Cru mp

are receive d by t he close of b usi ness to d ay.

• A d ditio n al revisio ns m ust be re q ueste d a n d m ay be s u bject to pro d uctio n fees.

Relax ..

We’ve Got This!

C aref ully c heck t his a d for: C O R R E C T A D D R E S S • C O R R E C T P H O N E N U M B E R • A N Y T Y P O S T his a d desi g n © Lo uisi a n a B usi ness, I nc. 2 0 1 8. All ri g hts reserve d. P ho ne 2 2 5- 9 2 8- 1 7 0 0 • F ax 2 2 5- 9 2 6- 1 3 2 9

Mi d Cit y Titl e.c o m

Real Estate Report 2018

3 7 6 5 G o v er n m e nt Str e et • B at o n R o u g e, L A 7 0 8 0 6 • 2 2 5. 2 3 6. 4 2 5 2

| 41

W HI C H I S B E T T E R? A P P L YI N G F O R Y O U R M O R T G A G E O N LI N E

OR

A L O C AL M O RT G A GE T E A M O N Y O U R SI D E

J essi e Cl ar k 2 2 5- 9 2 8- 8 2 6 2

D ar o n E p ps 2 2 5- 9 2 8- 8 2 15

C ar ol y n R ay 2 2 5- 9 2 8- 8 2 8 5

C H O OSE B O T H

| Real Estate Report 2018

A p pl y o nli n e or i n- p ers o n & y o ur m ort g a g e g ets f ast-tr a c k e d b y o ur e x p eri e n c e d, l o c al t e a m.

42

r e dri v er b a n k. n et 2 2 5- 9 2 3- 0 2 3 2 M a d e i n Lo ui si a n a. M a d e f or Lo ui si a n a.

M ort g a g e c o m p a ni e s CONVENTIONAL

GOVERN MENTAL

1

G MF S 7389 Florida Blvd., Ste. 200-A, Baton Rouge 70808 (225) 214-5000/g mfs mortgage.co m

Tee Bro wn, Jeff Weston, Billy Max well, Toby Arceneaux

$1,966,955,803 9,699

55 250

n

n

n

2

2

N OL A Le n di n g Gro u p, A Divisio n of Fi delity Ba nk (1) 9247 Bluebonnet Blvd., Baton Rouge 70810 (225) 291-2100/nolalending.co m

Matt La Nasa, Leigh Gilly, Alexa Garcia, Danielle Berthelot, Danyel Engels, Shannon Babin, Connor Brooks

$918,948,604 4,273

WND 300

n

n

n

n

3

3

Ass ura nce Fi na ncial 9029 Jefferson H wy., Ste. 100, Baton Rouge 70809 (225) 448-2680/lendthe way.co m

Kenny Hodges, Steve Ward

$807,749,334 3,745

30 105

n

n

n

n

4

6

G ulf Coast Ba nk & Tr ust Co m pa ny 7235 Jefferson H wy., Baton Rouge 70806 (225) 932-7272/gulfbank.co m/ho meloans

Mark West, Bo Kiebach, Lisa Cooper, Don Mc Pherson, Reigni Carpenter, Christie Stroncheck, Rhett Wilco mbe, Jeff Fricke

$567,104,345 2,554

8 20

n

n

n

5

5

I B E RI A B A N K(1) 4451 Bluebonnet Blvd., Ste. D, Baton Rouge 70809 (225) 923-5561/iberiabank mortgage.co m

Matthe w Rink, Zach Martin, John " Duke" Laville, Barbee Pipes, Randall Arroyo

$539,658,896 2,496

5 14

n

n

n

6

4

Sta n dar d Mort ga ge Cor poratio n 11616 Southfork Ave., Ste. 100, Baton Rouge 70816 (225) 924-1900/stan mor.co m

Janel Tate, Jeff Martinez

$337,300,000 2,208

15 55

n

n

n

7

10

Area Ho me Le n di n g 1737 Oakdale Drive, Baton Rouge 70810 (225) 663-2500/areaho melending.co m

Jason Guerin, Chris Le wis

$185,610,564 784

9 15

n

n

n

n

8

9

Re d River Ba nk 9420 Old Ha m mond H wy., Baton Rouge 70809 (225) 923-0232/redriverbank.net

Jessie Clark, Carolyn Ray, Audrey Sch molke, Sean Kirkland, Daron Epps

$177,268,264 818

5 50

n

n

n

n

9

8

Re gio ns Mort ga ge 3029 S. Sher wood Forest Blvd., Ste. 150, Baton Rouge 70816 (225) 292-1473/regions mortgage.co m

Scott Mc Nulty

$154,000,000 1,100

10 14

n

n

n

n

10

14

Paci ffic U nio n Fi na ncial 8714 Jefferson H wy., Ste. A, Baton Rouge 70809 (225) 910-8457/paciticunionloans.co m/branch-locations/labaton-rouge/

Jeff Maggio

$114,072,000 710

6 9

n

n

n

n

11

NR

Ho me Ba nk 8810 Bluebonnet Blvd., Baton Rouge 70810 (225) 389-6555/ho me24bank.co m

Dee Green

$111,112,532 439

1 6

n

n

n

n

12

12

Ba ncor p So ut h Ba nk 6100 Corporate Blvd., Baton Rouge 70808 (225) 768-1101/bancorpsouth mortgage.co m

Brittany Broussard

$102,397,855 469

4 WND

n

n

n

n

13

13

A merica's Mort ga ge Reso urce (1) 11616 Southfork Ave., Ste. 400, Baton Rouge 70816 (225) 292-0455/a mr-no.co m

Larry Anderson

$75,214,513 334

2 2

n

n

n

n

14

15

U S Ca pital Gro u p 4735 Perkins Road, Baton Rouge 70808 (225) 490-4996/uscapitalgroup.net

David Talbert, Bart Sali m

$68,032,413 284

3 4

n

n

n

n

15

NR

W hit ney Ba nk 445 North Blvd., Baton Rouge 70802 (225) 381-0424/ whitneybank.co m

Craig Cole man

$446,000 1,513

7 16

n

n

n

TOP LOCAL MORTGAGE EXECUTIVE(S)

Researched by Sierra Cru mp

n

Real Estate Report 2018

|

N R = Not ranked. Infor mation presented was provided upon request fro m co mpany representatives, and Business Report assu mes the data are accurate and truthful. Not all area mortga ge co mpanies are sho wn, only those providing requested infor matio n with a 2017 total state wide loan volu me of $446,000 or more. Mortgage co mpanies featured in Business Report 's List makers must have at least one location or facility located in the nine-parish Capital Region, unless other wise noted. If you would like your co mpany to be considered for next year’s list, or if there are any corrections or additions, please e mail sc ru mp @businessreport.co m.

(1) 2017 data. Co mpany was unable to provide updated infor mation at the ti me of publication.

R A N KI N G S

FHA/VA

NO. OF LOCAL LOAN OFFICERS NO. OF FULL-TI ME, LOCAL STAFF

1

PREVIOUS RANKING

CO MPANY ADDRESS PHONE/ WEBSITE

R E SI D E N TI A L

STATE WIDE LOAN VOLU ME NO. OF LOANS CLOSED

MULTIFA MILY RESIDENTIAL

R a n k e d b y 2 0 1 7 st at e wi d e l o a n v ol u m e.

43

T H E S KI N N Y:

S u p pl y i s o ut p a ci n g d e m a n d, y et t h e a p art m e nt c o m pl ex e s k e e p o n c o mi n g, l e a di n g t o hi g h er v a c a n ci e s d e s pit e b ett er a m e niti e s a n d l o w er r e nt r at e s.

G R E AT VI E W: The 525 Lafayette residential to wer offers apart ments with luxury a menities such as a rooftop pool with a grilling area and a clubhouse gathering roo m overlooking the Mississippi River.

TI M M U E L L E R

B Y C AI TI E B U R K E S

R E SI D E N TI A L

M U LTI F A MI LY I N SI G H T

MULTIFA MILY

44

T H E M A T H D O E S N’ T s e e m t o a d d u p: T h er e’s t wi c e t h e l e v el of m ultif a mil y c o n str u cti o n t h a n t h e B at o n R o u g e m ar k et h a s hi st ori c all y b e e n a bl e t o a b s or b, y et t h e pr oj e ct s k e e p o n b ei n g a n n o u n c e d — a n d b uilt. T h e r e s ult i s B at o n R o u g e i s r a pi dl y b e c o mi n g a r e nt er’s m ar k et. T h e l at e st b uil di n g s pr e e i s b ei n g dri v e n b y t h e i m p a ct of t h e A u g u st 2 0 1 6 fl o o d, w h e n f a mili e s w h o l o st t h eir h o m e s s w ar m e d t o a p art m e nt s a s a s h ort-t er m r e si d e nti al o pti o n. H er e’s t h e c h all e n g e: W hil e v a c a n c y r at e s dr o p p e d t o ar o u n d 2 % f oll o wi n g

t h e fl o o d, t h at fi g ur e h a s q ui c kl y ri s e n t o al m o st 8 % a s f a mili e s r et ur n e d t o t h eir h o u s e s a n d m or e a p art m e nt u nit s c a m e o nli n e. Wit h v a c a n ci e s a b o v e t h e hi st ori c al n or m of 6 %, t h e r e s ult h a s b e e n f alli n g r e nt r at e s. All of w hi c h r ai s e s t h e q u e sti o n: I s d e m a n d hi g h e n o u g h t o fill t h e 3, 8 1 1 u nit s pl a n n e d f or 2 0 1 8, n ot t o m e nti o n t h e 1, 1 3 6 b uilt i n 2 0 1 7 or t h e 2, 2 0 0 u nit s pl a n n e d f or 2 0 1 9 a n d 2 0 2 0 ? Ti m e — a n d si g nifi c a nt gr o wt h of t h e B at o n R o u g e ar e a e c o n o m y — will t ell. U ntil t h e n, r e nt er s c a n ex p e ct a pl et h or a of g o o d d e al s.

I ST O C K

| Real Estate Report 2018

T O O M U C H C O NST R U CTI O N, N OT E N O U G H PE O PL E

T H E Y K E E P C O MI N G: Despite trends indicating the multifa mily market is being overbuilt, construction continues on ne w apart ment develop ments across Baton Rouge.

STAF F P H OT O

MWI TOH RV EA C CA NOC NY CE S SI O NS R A T E S h o v eri n g ar o u n d 8 %,

FI L E P H O T O

FI L E P H O T O

A R LI N G T O N P R O P E R TI E S

G O O D D E AL S: With vacancy rates cli mbing above market nor ms, apart ment co mplexes, like The Lodges at 777, are offering incentives to attract tenants.

a p art m e nt c o m pl ex e s ar e s cr a m bli n g t o off er t h e b e st d e al s t o attr a ct r e nt er s. T hi s i s e s p e ci all y tr u e i n t h e st u d e nt r e nt al m ar k et. Dri v e d o w n a o n e- mil e stri p of B e n H ur R o a d a n d it’s i m p o s si bl e t o mi s s t h e si g n s of e nti c e m e nt. S o m e, li k e H o m et o w n B at o w n R o u g e ( w hi c h o w n s T h e L o d g e s at 7 7 7, T h e Vill a s at Ri v er b e n d, T h e Ar m str o n g a n d T h e Oli v er) ar e off eri n g a m o nt h of fr e e r e nt. Ot h er s, li k e C a m p u s Cr o s si n g s at Bri g ht si d e, ar e l o w eri n g t h eir m o nt hl y r at e s. R e nt s h a v e d e cli n e d a n a v er a g e of 4 % o v er t h e p a st 1 2 m o nt h s f or t h e s a m e u nit s. T h e tr e n d of c o n c e s si o n s, e s p e ci all y a m o n g st u d e nt r e nt er s, i s o n e t h at s h o ul d c o nti n u e t o a s s u p pl y c o nti n u e s t o o ut p a c e d e m a n d.

S U B U R B A N LI VI N G: Al most unheard of a decade ago, apart ment co mplexes, like The Pal ms at Juban Lakes, are being built in neighboring Livingston and Ascension parishes.

LI VI N’ T H E D R E A M: Upscale apart ments, like the recently co mpleted Tapestry Bocage on Jefferson High way, are increasingly the nor m in the Baton Rouge market.

D E C LI NI N G E N R O LL M E NT: The once lucrative student apart ment market has gotten much tighter in recent years.

BT HAE CA KP A TR TOM TE NHE ‘BUR BS T c o n str u cti o n b o o m

IT’S A L U X U RY L U X U R Y U NI T S A R E al s o ri si n g i n

(SLI G HTLY) L E S S OF A ST U DE NT M A R K ET W HI L E T H E m ultif a mil y m ar k et h a s l o n g

i s n ot c o nfi n e d t o B at o n R o u g e. R a pi d s u b ur b a n p o p ul ati o n gr o wt h i n n ei g h b ori n g A s c e n si o n a n d Li vi n g st o n p ari s h e s i s pr o m pti n g a ri s e i n m ultif a mil y c o n str u cti o n — s o m et hi n g u n h e ar d of a d e c a d e a g o. T h e P al m s at J u b a n L a k e s i n D e n h a m S pri n g s, t h e M a n c h a c L a k e A p art m e nt s i n Pr airi e vill e a n d t h e Sil v er O a k s c o m pl ex i n G o n z al e s ar e j u st a f e w u n d er c o n str u cti o n.

DI GI T S

8%

b e e n d o mi n at e d b y st u d e nt s, t h at tr e n d — t h o u g h still tr u e —i s f a di n g a bit. T h e r e a s o n s b e hi n d t hi s ar e 1) a s ur g e i n m ultif a mil y c o n str u cti o n ar o u n d t h e L S U c a m p u s, 2) t h e u n c ert ai nt y of T O P S a n d hi g h er t uiti o n c o st s ar e m a ki n g st u d e nt s m or e b ar g ai n c o n s ci o u s a n d 3) st u d e nt e nr oll m e nt —li k e t h e n u m b er of r e nt er s —i s d o w n. A d di n g t o t h e c h all e n g e i s t h at st arti n g t hi s f all s e m e st er all fir st- y e ar L S U st u d e nt s will b e r e q uir e d t o li v e o n c a m p u s. All of w hi c h a d d s u p t o a hi g hl y c o m p etiti v e r e nt al m ar k et.

A b y-t h e- n u m b er s l o o k at t h e m ultif a mil y m ar k et

1,136

U nit s b uilt i n 2 0 1 7.

U nit s u n d er c o n str u cti o n i n 2 0 1 8.

U nit s i n t h e B at o n R o u g e ar e a d a m a g e d b y 2 0 1 6 fl o o di n g.

52,000

35.7 %

P er c e nt a g e of u nit s b uilt i n 2 0 1 6- 2 0 1 8 cl a s sifi e d a s “ st u d e nt- ori e nt e d.”

N u m b er of n e w m etr o ar e a r e si d e nt s r e q uir e d t o a b s or b t h e 6, 2 4 3 a p art m e nt u nit s c o m pl et e d i n 2 0 1 6- 2 0 1 8.

B at o n R o u g e ar e a a p art m e nt s

St u di o ........................................................................$ 6 7 0 O n e b e dr o o m .....................................................$ 8 1 8 T w o b e dr o o m ......................................................$ 9 6 4 T hr e e b e dr o o m .............................................$ 1, 2 1 9 F o ur b e dr o o m ................................................$ 2, 1 4 5 S OURCE: Co m mercial and Invest ment Division of the Greater Baton Rouge Association of Realtors and presented at the 2018 Baton Rouge TRE NDS se minar. More infor mation can be found at batonrougetrends.net.

|

3,811

2,603

WA v erH aATg e Tm oHE Y’ R E PAYI N G nt hl y r e nt s f or Real Estate Report 2018

A p art m e nt v a c a n ci e s i n t h e B at o n R o u g e ar e a o v er t h e p a st 1 2 m o nt h s, u p fr o m t h e p o st-fl o o d 2 %, a n d hi g h er t h a n hi st ori c al n or m s of 6 %.

p o p ul arit y, wit h m o st of t h e r e c e ntl y a n n o u n c e d pr oj e ct s a s w ell a s t h o s e c urr e ntl y u n d er c o n str u cti o n f alli n g i nt o t h at c at e g or y.

R e c e ntl y c o m pl et e d u p s c al e c o m pl ex e s i n cl u d e t h e 1 2 4- u nit Ta p e str y B o c a g e o n J eff er s o n Hi g h w a y, t h e 2 2 4- u nit Ri v er H o u s e i n Ri v er H o u s e Pl a c e a n d P h a s e II of t h e Z a c h ar y P ar k si d e c o m pl ex o n Ol d S c e ni c Hi g h w a y i n Z a c h ar y, w hi c h i n cl u d e s 4 0 u nit s.

A n n o u n c e d l ux ur y a p art m e nt c o m pl ex e s i n cl u d e S a w gr a s s P oi nt i n G o n z al e s, L af a y ett e H o u s e i n d o w nt o w n’s C e ntr al B u si n e s s Di stri ct a n d P h a s e II of El e ctri c D e p ot o n G o v er n m e nt Str e et.

45

IN THE KN O

W

SP O NS O RE D C O NTE NT

S P O N S O R E D B Y:

Keep it c o ol: 4 Things t o check On Yo ur air c onditi oner 1. C H E C K T H E T H E R M O S T A T.

Y o u’ d b e a m a z e d h o w oft e n t h er m o st at s etti n g s c a u s e i s s u e s.

It c o ul d b e t h at a pr o gr a m s c h e d ul e i s s et i n c orr e ctl y, or t h at t h e b att eri e s wit hi n si m pl y n e e d r e pl a c e m e nt. Al s o m a k e s ur e y o ur “f a n s etti n g” i s s et t o “ a ut o” a n d n ot “ o n.” T hi s c a n s a v e y o u fr o m p ulli n g i n m u g g y o ut d o or air a n d i n cr e a si n g t h e h u mi dit y wit hi n y o ur h o m e.

2. C H E C K Y O U R FI L T E R S.

H V A C filt er s s h o ul d b e c h a n g e d fr e q u e ntl y, e s p e ci all y d uri n g m o nt h s of h e a v y u s e, li k e s u m m er.

If y o ur H V A C u nit d o e s n’t s e e m t o b e bl o wi n g e n o u g h air t hr o u g h t h e v e nt s, y o u c o ul d j u st h a v e a cl o g g e d filt er. R e g ul arl y c h a n gi n g filt er s will h el p y o ur H V A C s y st e m l a st l o n g er a n d o p er at e m or e e ffi ci e ntl y.

3. C H E C K T H E CI R C UI T B R E A K E R. If y o ur s y st e m still

| Real Estate Report 2018

S

46

u m m erti m e i n L o ui si a n a r e q uir e s a f u n cti o ni n g air c o n diti o n er. S o w h e n t h e u nit g o e s o n t h e frit z, m o st p e o pl e i m m e di at el y c all t h eir H V A C s er vi c e c o m p a n y.

B ut y o u mi g ht b e a bl e t o fi x t h e pr o bl e m o n y o ur o w n a n d wit h o ut h a vi n g t o p a y f or a pr of e s si o n al vi sit.

W e a s k e d J o s h u a D a vi s, o w n er of A c c u T e m p S er vi c e s, w h at c a n p ot e nti all y b e r e p air e d wit h o ut h a vi n g t o hir e a pr o.

F or m or e t h a n a d e c a d e, J o s h u a a n d hi s t e a m h a v e b e e n k e e pi n g B at o n R o u g e h o m e s a n d b u si n e s s e s c o ol 2 4/ 7. “ W e h at e t h e i d e a of o ur c u st o m er s w a sti n g m o n e y o n n e e dl e s s vi sit s,” J o s h u a s a y s, “ s o w e e n c o ur a g e all of o ur

c u st o m er s t o g o t hr o u g h t hi s v er y b a si c li st of p ot e nti al i s s u e s b ef or e c alli n g.” “ R e g ul ar H V A C m ai nt e n a n c e i s v er y i m p ort a nt, a n d n e arl y 7 0 % of r e p air s m a d e ar e r el at e d t o l a c k of m ai nt e n a n c e,” J o s h u a s a y s. “If y o u n e gl e ct y o ur H V A C s y st e m, it will o nl y b e a m att er of ti m e b ef or e y o u h a v e pr o bl e m s.”

T h e b e st ti m e s of y e ar f or m ai nt e n a n c e ar e s pri n g a n d f all, b et w e e n t h e b u si e st s e a s o n s. If y o u’r e still n ot a bl e t o fi x t h e i s s u e aft er c o m pl eti n g t h e c h e c kli st, or if y o ur u nit n e e d s r e g ul ar m ai nt e n a n c e, c o nt a ct J o s h u a a n d hi s t e a m of e x p ert s at a c c ut e m p br. c o m or 2 2 5 - 4 8 4 - 0 9 0 0.

i s n’t w or ki n g, c h e c k t h e cir c uit br e a k er s or f u s e b o x. C o n fir m f u s e s t o t h e H V A C h a v e n’t b ur n e d o ut or t h e cir c uit br e a k er s h a v e n’t b e e n tri p p e d. It i s O K t o r e s et t h e br e a k er t h e fir st ti m e, b ut a c o nti n u o u sl y tri p pi n g br e a k er c a n b e si g n s of a gr e at er i s s u e, s u c h a s f a ult y wiri n g or f aili n g c o m p o n e nt s.

4. C H E C K T H E S E C O N D A R Y P A N. Oft e n a cl o g g e d dr ai n c a n

c a u s e y o ur i n d o or u nit t o o v er fl o w i nt o t h e s e c o n d ar y p a n, w hi c h i s l o c at e d u n d er t h e e q ui p m e nt i n t h e atti c or cl o s et. A str o n g dr ai n cl e a n er m a y tr e at t h e dr ai n, a n d a S h o p - V a c c a n b e us e d t o r e m ov e t h e w at er fr o m t h e p a n s o t h at t h e u nit c a n o p er at e a g ai n.

C O M M E R CI A L

CO M MERCIAL

I N C R E A S E D C O M P E TITI O N: Existing do wnto wn Class A office buildings, like II City Plaza, are feeling leasing pressure as ne w inventory co mes online and there’s not enough de mand for the gro wing supply.

I N SI G H T

T H E S KI N N Y:

FI L E P H O T O

It’s a mix e d b a g f or t h e m ar k et, wit h o c c u p a n c y r at e s d e cli ni n g i n m ultist or y b uil di n g s b ut d e m a n d c o nti n ui n g t o gr o w f or g ar d e n offi c e s p a c e.

F A N C Y DI G S: High-end additions to the Class A office market, like the @ Highland office park at the intersection of Highland Road and Bluebonnet Boulevard, has added 9 0,0 0 0 ne w square feet to the market.

H O W D OE S Y O U R G A R DE N G R O W ?

T H E G A R D E N O F FI C E p h e n o m e n o n c o nti n u e s, wit h s e v er al n e w, w ell pl a c e d offi c e c o n d o pr oj e ct s s h o wi n g i m pr e s si v e o c c u p a n c y r at e s — 9 3 % — a n d c o m m a n di n g hi g h l e a s e r at e s. S e v er al m or e c o m pl ex e s will c o m e o nli n e i n 2 0 1 8 a n d 2 0 1 9 i n cl u di n g: M er c a ntil e o n Bl u e b o n n et B o ul e v ar d n e ar I z z o’s, wit h a t ot al of 3 9, 0 0 0 s q u ar e f e et; Hi d e P ar k o n Bl u e b o n n et n ext t o Ir o n st o n e, wit h 2 3, 5 0 0 s q u ar e f e et; W e st mi n st er Offi c e P ar k o n J eff er s o n Hi g h w a y, wit h 3 2, 0 0 0 s q u ar e f e et; a n d 1 0 2 3 5 o n J eff er s o n n e ar Bl u e b o n n et, wit h a pl a n n e d 4 7, 0 0 0 s q u ar e f e et.

|

T H E L O C A L O F FI C E m ar k et w a s fl at i n 2 0 1 7, i n p art d u e t o a r el ati v el y st a g n a nt e c o n o m y b ut al s o b e c a u s e of a fl o o d of n e w i n v e nt or y. T hi s w a s p arti c ul arl y tr u e i n t h e d o w nt o w n s u b m ar k et, w h er e ol d er Cl a s s A offi c e t o w er s ar e f e eli n g t h e h e at fr o m s hi n y n e w c o m p etit or s li k e t h e I B M b uil di n g, W at er C a m p u s, Ri v er H o u s e a n d @ Hi g hl a n d, w hi c h t o g et h er a d d e d s o m e 9 0, 0 0 0 s q u ar e f e et of n e w s p a c e t o t h e m ar k et.

K E E P BL O O MI N G: Garden offices continue to be a popular option in suburban Baton Rouge and several ne w projects, including Hide Park on Bluebonnet, are currently under construction.

Real Estate Report 2018

A N A B U N DA N CE OF RI C HE S

C O U R T E S Y HI D E P A R K

C O U R T E S Y @ HI G H L A N D

B Y S T E P H A NI E RI E G E L

47

I ST O C K

B U SI N E S S B O O ST: The hope is rising oil prices as well potential expansion in the local natural gas sector will eventually bring ne w offi ce-seeking businesses into the market.

C O U R T E S Y S A U R A G E R O T E N B E R G C O M M E R CI A L R E A L E S T A T E

T HE OIL EFF E CT

SEEI N G P OT E NTI AL

D E S PI T E T H E a b u n d a n c e of d o w nt o w n offi c e s p a c e, o n e of t h e m ar k et’s m o st s u c c e s sf ul d e v el o p er s s e e s p ot e nti al a n d h a s i n v e st e d i n o n e of t h e cit y’s m o st i c o ni c offi c e t o w er s. I n F e br u ar y, Mi k e W a m p ol d a c q uir e d t h e 3 3 3, 0 0 0- s q u ar e-f o ot C h a s e S o ut h T o w er fr o m it s N e w Y or k i n v e st or s f or a n u n di s cl o s e d pri c e t h at s o ur c e s s a y c o ul d h a v e b e e n a s m u c h a s $ 2 5 milli o n, t h o u g h w a s pr o b a bl y m u c h l e s s. W a m p ol d pl a n s t o o v er h a ul t h e n e arl y 5 0- y e ar- ol d b uil di n g a n d r et ur n it t o it s Cl a s s A st at u s. H e’s al s o i nt er e st e d i n c o n v erti n g a p orti o n of t h e b uil di n g t o m ultif a mil y u s e a n d b eli e v e s t h er e i s d e m a n d d o w nt o w n b ot h f or m or e offi c e a n d m ultif a mil y s p a c e.

T H E R E C E N T RI S E i n oil pri c e s h a s b e e n g o o d n e w s f or t h e offi c e m ar k et, a n d if oil pri c e s st a y str o n g l e a si n g a cti vit y i s ex p e ct e d t o pi c k u p wit h d e m a n d fr o m p etr o c h e mi c al c o m p a ni e s. It’s u n cl e ar h o w l o n g it will t a k e, h o w e v er, b ef or e t h e h o p e d-f or i nfl ux of n e w t e n a nt s a b s or b s t h e gr o wi n g i n v e nt or y o n t h e m ar k et, w hi c h will i n cr e a s e b y s o m e 2 0 0, 0 0 0 s q u ar e f e et w h e n exi sti n g c o n str u cti o n pr oj e ct s ar e c o m pl et e d.

C O U RTE SY L O N G FA R M

I N SI G H T C O M M E R CI A L

N E W L O O K: Developer Mike Wa mpold not only plans to update and modernize the iconic Chase South To wer, but is also looking to add multifa mily units.

F O LL O W T H E P E O PL E: Rapid gro wth in suburban southeast Baton Rouge and the development of projects like Long Far m has co m mercial agents hoping the addition of ne w fa milies will also mean ne w de mand for offi ce space.

HI G H G R O W T H C O R RI D O R

T H E S O U T H E A S T q u a dr a nt of t h e p ari s h, p arti c ul arl y al o n g t h e Airli n e Hi g h w a y c orri d or, pr o mi s e s t o b e a hi g h gr o wt h ar e a. Pl a n n e d u nit d e v el o p m e nt s li k e L o n g F ar m, n o w w ell u n d er w a y, a n d M at err a, w hi c h w a s r e c e ntl y a n n o u n c e d f or t h e W o m a n’s H o s pit al c a m p u s — a n d will b e h o m e t o a t o p-fli g ht c h art er s c h o ol — pr o mi s e t o attr a ct t h o u s a n d s of n e w r e si d e nt s t o t h e ar e a. It st a n d s t o r e a s o n t h at c o m m er ci al offi c e a cti vit y will f oll o w.

DI GI T S

T h e C a pit al R e gi o n c o m m er ci al m ar k et b y t h e n u m b er s

T HE G OI N G R AT E

| Real Estate Report 2018

2018 OFFI CE O C C U PA N C Y R AT E S BY A R E A

48

93 %

A c a di a n/ C oll e g e

84.3 %

S h er w o o d F or e st

84 %

D o w nt o w n

70 %

Fl ori d a/ Airli n e

82 %

E s s e n/ Bl u e b o n n et

( A V E R A G E R A T E S P E R S Q U A R E F O O T)

L o c ati o n

Cl a s s A

Cl a s s B / C

A c a di a n/ C oll e g e

$ 2 2. 2 0

$ 1 7. 5 0

D o w nt o w n

$ 2 4. 7 8

$ 1 7. 1 1

N/ A

$ 1 3. 8 9

Fl ori d a/ Airli n e S h er w o o d F or e st

$ 1 8. 9 8

$ 1 6. 2 8

E s s e n/ Bl u e b o n n et

$ 2 3. 3 3

$ 1 5. 9 4

S OURCE: Co m mercial and Invest ment Division of the Greater Baton Rouge Association of Realtors and presented at the 2018 Baton Rouge TRE NDS se minar. More infor mation can be found at batonrougetrends.net.

A D V E R TI S E M E N T

Villa ge

Desti nati o n

Res ort

H o me

Ri c h n ess a n d d e pt h of c o m m u nit y t hat will al wa ys b e L o uisia na.

C O MI N G S O O N – S A V E T H E D A T E !

A P OI N T E- M A RI E VI L L A G E S H O W C A S E J ul y 1 3- 1 4, 2 0 1 8 • 1 0: 0 0 A M – 7: 0 0 P M • • • •

T o ur P oi nt e- M ari e h o m e s Vill a g e C e nt er g at h eri n g s Di s c o v er y C e nt er pr e s e nt ati o n s D eli ci o u s f o o d a n d b e v er a g e s a v ail a bl e fro m M a g pi e s P a vili o n • C o o ki n g d e m o n str ati o n s i n o ur o ut d o or D e m o n str ati o n Kit c h e n • E nt ert ai n m e nt a n d a cti viti e s f or e v er y o n e i n o ur Vill a g e C e nt er p a vili o n s, v e n u e s a n d g at h eri n g c e nt er s

C el e brati n g t h e a ut h e nti c a n d m e m ora bl e s mall t o w ns a n d villa ges of L o uisia na.

1 4 2 0 0 Ri v e r R o a d • B at o n R o u g e, L A 7 0 8 2 0 • ( 2 2 5) 7 6 9- 8 9 0 0 • p oi nt e m a ri e. c o m Poi nte- M a rie is l oc ate d j ust west of L’ A u be r ge C asi n o a n d Hotel o n Ri ve r Ro a d Fo r f u rt he r i nfo r m ati o n, ple ase c o nt act Lee A n ne o r D o n n a at ( 2 2 5) 7 6 9 8 9 0 0 o r i nfo @ p oi nte m a rie.c o m

are receive d by t he close of b usi ness to d ay.

• A d ditio n al revisio ns m ust be re q ueste d a n d m ay be s u bject to pro d uctio n fees.

C aref ully c heck t his a d for: C O R R E C T A D D R E S S • C O R R E C T P H O N E N U M B E R • A N Y T Y P O S T his a d desi g n © Lo uisi a n a B usi ness, I nc. 2 0 1 8. All ri g hts reserve d. P ho ne 2 2 5- 9 2 8- 1 7 0 0 • F ax 2 2 5- 9 2 6- 1 3 2 9

C O OLI N G & CL E A NI N G

T H E AI R Y O U

B R E AT H E

C O M M E R CI A L

I N D U S T RI A L

I N S T A L L A TI O N

R E SI D E N TI A L

M A RI N E

R E P AI R S

| Real Estate Report 2018

S A L E S | S E R VI C E

50

W W W. E A G L E R E F R I G E R A T I O N. C O M 6 2 2 0 H oll y fi el d D r. | B a t o n R o u g e, L A 7 0 8 0 9 | 2 2 5 - 7 5 1 - 6 9 1 2 | T oll F r e e: 8 8 8 - 3 2 4 - 5 3 1 6

C o m m er ci al c o ntr a ct or s R a n k e d b y t ot al 2 0 1 7 E a st B at o n R o u g e p er mit v al u ati o n.

PHONE

CONTRACTOR(S)

TOTAL EBR PER MITS

TOTAL EBR VALUATION

(225) 924-8050

Terry Hill

24

$104,951,000

2

Arkel Co nstr uctors 1048 Florida St., Baton Rouge 70802

(225) 344-1023

Johnny Fife

20

$48,743,000

3

De u mite Co nstr uctio n 10849 Perkins Road, Ste. A, Baton Rouge 70810

(225) 769-2948

Scott Deu mite, Carl Fenn

12

$22,559,000

4

T he Le moi ne Co m pa ny 15555 Airline H wy., Baton Rouge 70817

(225) 383-3710

Leonard "Lenny" Le moine

1

$20,000,000

5

Ca n gelosi War d Ge neral Co ntractors 9512 Brookline Ave., Baton Rouge 70809

(225) 927-7258

Robert Ward, David Cangelosi

10

$17,840,000

6

G uy Ho pki ns Co nstr uctio n 13855 W. A mber Ave., Baton Rouge 70809

(225) 751-2158

H. Guy Hopkins III

1

$17,000,000

7

T BT I n d ustries 11103 Park Place Drive, Baton Rouge 70818

(225) 926-7847

Gordon Rogillio

1

$12,000,000

8

Percy J. Mat her ne Co ntractor 5762 Hooper Road, Baton Rouge 70811

(225) 356-4416

Don Matherne

7

$10,509,000

9

Rose hill Co nstr uctio n 10202 Jefferson H wy., Ste. B2, Baton Rouge 70809

(225) 769-2950

Danny Montelepre

2

$6,863,000

10

Block B uil ders 619 Jefferson H wy., Ste. 2 G, Baton Rouge 70806

(225) 930-9960

Jason Keller, Stephen Keller

7

$6,651,000

11

M A P P, LL C 344 Third St., Baton Rouge 70801

(225) 757-0111

Mike Polito, Brant Granger, Mark La Haye, Lexie Polito

7

$4,823,000

Researched by Sierra Cru mp

|

Source: myper mitno w.org. This list does not reffiect all area co m mercial builders, only those receiving East Baton Rouge Paris h per mits in 2017 with a total valuation of $1,895,000 or more, and only those contractors tiling per mits under their contracto r business na me. Valuations for nonper mitted state projects are not included. Business Report assu mes the data are accurate and truthful. E mail scru mp @businessreport.co m with corrections.

Real Estate Report 2018

Milto n J. Wo mack 8400 Jefferson H wy., Baton Rouge 70809

R A N KI N G S

1

C O M M E R CI A L

BUSINESS NA ME ADDRESS

51

C o m m er ci al c o ntr a ct or s

| Real Estate Report 2018

C O M M E R CI A L

R A N KI N G S

R a n k e d b y t ot al 2 0 1 7 E a st B at o n R o u g e p er mit v al u ati o n.

52

BUSINESS NA ME ADDRESS

PHONE

CONTRACTOR(S)

TOTAL EBR PER MITS

TOTAL EBR VALUATION

12

C harles Carter Co nstr uctio n 1565 Chocta w Drive, Baton Rouge 70805

(225) 357-9698

Rennie Carter, Daniel Landry, Chris Landry

15

$4,622,000

13

S ha mrock Co nstr uctio n Co. 6210 Hollyffield Drive, Baton Rouge 70809

(225) 478-2026

Ti mothy Fox

4

$4,354,000

14

J Ree d Co nstr uctors 9882 S. Perdue Ave., Baton Rouge 70814

(225) 201-8826

Reed Luneau

2

$4,272,000

15

J AJ, LL C 9810 Bluebonnet Blvd., Baton Rouge 70810

(225) 761-2144

Ji m Jenkins III

2

$4,175,000

16

Joffrio n Co nstr uctio n 2131 Quail Run Drive, Baton Rouge 70808

(225) 766-3500

Don Joffrion

6

$3,599,800

17

Ha d da d Co nstr uctio n Co. 37283 S wa mp Road, Ste. 1201, Prairieville 70769

(225) 751-5380

Phillip Haddad III

8

$3,362,000

18

Fa ulk & Meek Ge neral Co ntractors 3595 I-10 Frontage Road, Port Allen 70767

(225) 383-4505

David Faulk, John Meek

4

$3,315,000

19

St uart & Co m pa ny Ge neral Co ntractors 4320 Jeffrey Drive, Baton Rouge 70816

(225) 293-8650

Christopher Stuart, Duane Mizell, Tyler Tra monte

6

$3,205,000

20

Li ncol n B uil ders of Bato n Ro u ge 11567 Mercantile Drive, Baton Rouge 70809

(225) 706-5038

Keith Keller

1

$2,000,000

21

Gra n d Co nstr uctio n 4327 Jeffrey Drive, Baton Rouge 70816

(225) 296-1557

Michael Grand, Christopher Grand

3

$1,960,000

22

Salco Co nstr uctio n 8484 Athens Ave., Baton Rouge 70814

(225) 927-3970

Jeff Torrance, Matthe w Torrance

6

$1,895,000

Source: myper mitno w.org. This list does not retiect all area co m mercial builders, only those receiving East Baton Rouge Paris h per mits in 2017 with a total valuation of $1,895,000 or more, and only those contractors tiling per mits under their contracto r business na me. Valuations for nonper mitted state projects are not included. Business Report assu mes the data are accurate and truthful. E mail scru mp @businessreport.co m with corrections.

Researched by Sierra Cru mp

C o m m er ci al r e al e st at e ffir m s

C O M M E R CI A L

R A N KI N G S

R a n k e d b y n u m b er of l o c al, li c e n s e d c o m m er ci al a g e nt s.

PREV. RANK

NO. OF LOCAL CO M MERCIAL AGENTS

YEAR FOUNDED LOCALLY

MARKET AREA(S)

1

N AI/Latter & Bl u m Co m mercial 1700 City Far m Drive, Baton Rouge 70806 (225) 295-0800/latter-blu m.co m

Robert Merrick, Robert Penick, Joseph Pappalardo, Karl Landreneau, Lacey Con way

135

1917

Greater Baton Rouge, Lafayette, Alexandria, Lake Charles, Ne w Orleans, Thibodaux, Hou ma, Cut Off, Mississippi Gulf Coast and Houston

2

3

Bea u Box Co m mercial Real Estate 5500 Bankers Ave., Baton Rouge 70808 (225) 237-3343/beaubox.co m

Beau Box

26

2004

Louisiana, Mississippi and Alaba ma

3

2

S V N | Gra ha m, La n glois & Le ge n dre 6160 Perkins Road, Ste. 200, Baton Rouge 70808 (225) 367-1515/svngll.co m

Steve Legendre, Justin Langlois, Ben Graha m

20

2014

East Baton Rouge, West Baton Rouge, Ascension, Livingston, Iberville and St. Ta m many parishes

4

4

Sa ura ge Rote n ber g Co m mercial Real Estate 5135 Bluebonnet Blvd., Baton Rouge 70809 (225) 766-0000/sauragerotenberg.co m

Henry " Hank" Saurage IV, Ed ward Rotenberg

17

2011

Louisiana and Mississippi

5

7

A da m Ca m po Real Estate 3535 S. Sher wood Forest Blvd. Ste. 201, Baton Rouge 70816 (225) 295-3035/ada mca mpo.co m

Ada m Ca mpo

12

2007

Greater Baton Rouge

5

Mike Fal go ust & Associates 10202 Jefferson H wy., Bldg. C, Baton Rouge 70809 (225) 778-5858/ mfacre.co m

Scot Guidry

12

2010

Louisiana and Mississippi

7

6

Maestri- M urrell 9018 Jefferson H wy., Baton Rouge 70809 (225) 298-1250/ m mcre.co m

Benja min Stalter, La wrence Maestri, George Murrell, Linda Jackson

11

1989

Baton Rouge, Lafayette, Lake Charles, Shreveport, Ne w Orleans and Mississippi

8

13

Col d well Ba nker Co m mercial O ne (1) 5025 Bluebonnet Blvd., Baton Rouge 70809 (225) 925-2300/cbco m mercialone.co m

Betty Phelps, David Mc Key, David Trusty

10

1989

Greater Baton Rouge and south Mississippi

9

7

Do n nie Jarrea u Real Estate, A Latter & Bl u m Co m pa ny 4225 Perkins Road, Baton Rouge 70808 (225) 753-3573/donniejarreau.co m

Donnie Jarreau

8

1998

Greater Baton Rouge

7

Realty Exec utives So ut h Lo uisia na 15615 Airline H wy., Ste. B, Prairieville 70769 (225) 677-7772/southlouisianagroup.co m

Gary Fontenot, Rick Gautreau, Gary Binns

8

2010

Greater Baton Rouge and Ne w Orleans

10

K urz & He bert Co m mercial Real Estate P. O. Box 80301, Baton Rouge 70898 (225) 925-0600/kurzhebert.co m

George Kurz, Mark Hebert

7

1986

Greater Baton Rouge, Ne w Orleans, Alexandria and Lafayette

10

Stirli n g Pro perties 8550 United Plaza Blvd., Ste. 303, Baton Rouge 70809 (225) 926-4481/stirlingprop.co m

Marty Mayer

7

1975

Gulf South region of Louisiana, Mississippi, Alaba ma and Florida panhandle

15

Keller Willia ms Realty Pre mier Part ners (2) 291 Veterans Blvd., Denha m Springs 70726 (225) 664-1911/denha msprings.yourk woftice.co m

Matt Hughes

5

2006

Greater Baton Rouge

10

Pa dial Real Estate 8675 Bluebonnet Blvd., Ste. A, Baton Rouge 70810 (225) 769-9494/padialrealestate.co m

Martin Padial

5

1990

Greater Baton Rouge, Ascension and Livingston parishes

15

Pro perty O ne (2) 3636 S. Sher wood Forest Blvd., Ste. 110, Baton Rouge 70816 (225) 292-0001/propertyone.co m

Paul Dastugue, Quentin Dastugue

5

1985

Southeast United States

13

Marc us & Millic ha p 10527 Kentshire Court, Baton Rouge 70810 (225) 376-6750/ marcus millichap.co m

Chris Shaheen

4

2016

National

13

16

| Real Estate Report 2018

TOP LOCAL EXECUTIVE(S)

1

11

54

FIR M ADDRESS PHONE/ WEBSITE

Infor mation presented was provided by co mpany representatives, and Business Report assu mes the data are accurate and truthful. Not all co m mercial real estate tir ms are sho wn, only those providing requested infor mation with four or more local, licensed co m mercial agents. Co m mercial real estate tir ms featured in Business Report 's List makers must have at least one location or facility located in the nine-parish Capital Region, unless other wise noted. For corrections or to be considered when the list is next updat ed, please contact scru mp @businessreport.co m.

(1) For merly listed as Gully, Phelps & Mc Key (2) 2017 data. Fir m was unable to update infor mation at the ti me of publication.

Researched by Sierra Cru mp

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S Q U A R E F O OTA G E A V AI L A B L E

R E NTAL C O NTA CT S

R AT E S

E a c h of t h e b uil di n g s i s li st e d b y it s n a m e or, if n o n a m e i s u s e d, b y it s str e et a d dr e s s.

T hi s c ol u m n pr o vi d e s i nf or m ati o n o n w h o m t o c o nt a ct f or a d diti o n al i nf or m ati o n.

I n s o m e c a s e s, o w n er s m a y m a n a g e t h e b uil di n g a n d l e a s e s p a c e. Or o w n er s m a y c o ntr a ct wit h a m a n a g e m e nt c o m p a n y t o o v er s e e m ai nt e n a n c e a n d h a n dl e s p a c e n e g oti ati o n s. T h e c o nt a ct li st e d i s t h e c urr e nt a g e nt a s of M ar c h 2 8, 2 0 1 8.

T hi s fi g ur e r ef er s t o t h e a m o u nt of l e a s a bl e s q u ar e f o ot a g e a v ail a bl e.

L e a s e r at e i s a n e g oti a bl e fi g ur e n a mi n g a d oll ar a m o u nt p er r e nt a bl e s q u ar e f o ot. Pri c e r e pr e s e nt s a f air e sti m at e of v al u e, wit h ot h er i nfl u e nti al f a ct or s s u c h a s m ar k et c o m p etiti o n a n d a m e niti e s i n cl u d e d. O c c u p a n c y r at e r ef er s t o t h e a m o u nt of s p a c e o c c u pi e d b y c urr e nt t e n a nt s.

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S OURCE: N/A =Not available. TRE NDS in Baton Rouge Real Estate Se minar

Real Estate Report 2018

T HI S F O L L O WI N G G UI D E att e m pt s t o li st all of t h e l e a s a bl e Cl a s s A of fi c e s p a c e i n B at o n R o u g e. T h e cit y h a s b e e n di vi d e d i nt o f o ur ar e a s a n d m a p p e d t o s h o w k e y str e et s.

I n cl u d e d i n Cl a s s A of fi c e s p a c e ar e b uil di n g s m e a s uri n g m or e t h a n 6 0, 0 0 0 s q u ar e f e et wit h f ull s er vi c e m a n a g e m e nt a n d hi g h er e n d fi ni s h e s. E x cl u d e d fr o m t h e li sti n g s ar e of fi c e / w ar e h o u s e s, i n di vi d u al c o n d o mi ni u m s a n d r et ail f a ciliti e s t h at mi g ht i n cl u d e of fi c e s p a c e.

O ur s o ur c e s f or t hi s i nf or m ati o n ar e t h e Gr e at er B at o n R o u g e A s s o ci ati o n of R e alt or s 2 0 1 8 T R E N D S r e p ort a n d T y G o s e of N AI / L att er & Bl u m. T hi s i nf or m ati o n w a s d e e m e d t o b e a s c o m pl et e a n d a c c ur at e a s p o s si bl e a s of M ar c h 2 0 1 8. It i s i n e vit a bl e t h at s o m e c o m m er ci al s p a c e h a s b e e n o v erl o o k e d, b ut n o o mi s si o n i s i nt e nti o n al. T h e s e li sti n g s ar e i nt e n d e d o nl y t o b e a g e n er al g ui d e a s t o t h e a m o u nt of s p a c e a v ail a bl e i n t h e ar e a a n d t h e r e nt al r at e s q u ot e d f or t h o s e s p a c e s.

LA N

55

| Real Estate Report 2018

FI L E P H O T O

C O M M E R CI A L

DI R E CT O R Y I B M Building

Water Ca mpus

56

City Plaza

A REA B

( A C A DI A N / C O L L E G E)

1. A CA DIA N CE NT RE

A d dress: 2431 S. Acadian Thru way S q uare feet: 74,589 S q uare foot a ge availa ble: 0 Occ u pa ncy rate: 100 % Lease rate per s q uare foot: $21

2. CITI PL A CE CE NT REI

( Hancock Bank Building @ Citi Place)

A d dress: 2600 Citiplace Drive S q uare feet: 82,023 S q uare foot a ge availa ble: 3,023 Occ u pa ncy rate: 96.3 % Lease rate per s q uare foot: $23

FI L E P H O T O

3. CITI PL A CE CE NT REII

A REA A

( D O W N T O W N)

1. RIVE RSI D E N O RT H T O WE R

A d dress: 451 Florida St. S q uare feet: 333,000 S q uare foot a ge availa ble: 83,000 Occ u pa ncy rate: 75.1 % Lease rate per s q uare foot: $20

4. CITI PL A CE CE NT REIII

(The Bancorp Bank Center @ Citi Place)

A d dress: 6100 Corporate Blvd.

S q uare feet: 42,659 S q uare foot a ge availa ble: 0 Occ u pa ncy rate: 100 % Lease rate per s q uare foot: $24

6. RIVE R H O USE

5. A CA DIA T R A CE

2. CITY PL AZA

7. L A. CA PIT OL B UIL DI N G

6. C O R P O R ATE AT RI U M

3.II CITY PL AZA

8.I B M

7. C O R P O R ATE CE NTE R

4. O N E A M E RI CA N PL A CE

9. WATE R CA M P US

8. RE P U BLI C FI NA N CE

A d dress: 450 Laurel St. S q uare feet: 207,572 S q uare foot a ge availa ble: 52,572 Occ u pa ncy rate: 74.7 % Lease rate per s q uare foot: $21.50 A d dress: 445 North Blvd.

S q uare feet: 166,473 S q uare foot a ge availa ble: 41,473 Occ u pa ncy rate: 75.1 % Lease rate per s q uare foot: $21.50

A d dress: 900 N 3rd St. S q uare feet: 75,000 S q uare foot a ge availa ble: 12,500 Occ u pa ncy rate: 83.3 % Lease rate per s q uare foot: $22 A d dress: 525 Lafayette St. S q uare feet: 140,651 S q uare foot a ge availa ble: 0 Occ u pa ncy rate: 100 % Lease rate per s q uare foot: $30 A d dress: 100 North St., Ste. 900 S q uare feet: 102,000 S q uare foot a ge availa ble: 0 Occ u pa ncy rate: 100 % Lease rate per s q uare foot: $32

A d dress: 2237 S. Acadian Thru way S q uare feet: 121,000 S q uare foot a ge availa ble: 0 Occ u pa ncy rate: 100 % Lease rate per s q uare foot: $20 A d dress: 5555 Hilton Ave. S q uare feet: 76,447 S q uare foot a ge availa ble: 7,447 Occ u pa ncy rate: 90.3 % Lease rate per s q uare foot: $21 A d dress: 5757 Corporate Blvd.

S q uare feet: 48,000 S q uare foot a ge availa ble: 4,750 Occ u pa ncy rate: 90.1 % Lease rate per s q uare foot: $22.50 A d dress: 7031 Co m merce Circle S q uare feet: 27,000 S q uare foot a ge availa ble: 0 Occ u pa ncy rate: 100 % Lease rate per s q uare foot: $24

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A d dress: 301 Main St. S q uare feet: 333,306 S q uare foot a ge availa ble: 53,306 Occ u pa ncy rate: 84 % Lease rate per s q uare foot: $20

A d dress: 1480 Nicholson Drive S q uare feet: 32,000 S q uare foot a ge availa ble: 0 Occ u pa ncy rate: 100 % Lease rate per s q uare foot: $26

Real Estate Report 2018

A d dress: 400 Convention St. S q uare feet: 255,344 S q uare foot a ge availa ble: 255,344 Occ u pa ncy rate: 100 % Lease rate per s q uare foot: $30

TI M M U E L L E R

5. C HASE S O UT H T O WE R

A d dress: 6300 Corporate Blvd.

S q uare feet: 31,516 S q uare foot a ge availa ble: 0 Occ u pa ncy rate: 100 % Lease rate per s q uare foot: $22

57

A d dress: 2370 To wne Center Blvd.

S q uare feet: 66,000 S q uare foot a ge availa ble: 0 Occ u pa ncy rate: 100 % Lease rate per s q uare foot: $23.50

Republic Finance

10. 5551 C O R P O R ATE

A d dress: 5551 Corporate Blvd.

S q uare feet: 52,142 S q uare foot a ge availa ble: 0 Occ u pa ncy rate: 100 % Lease rate per s q uare foot: $21

A REA C

FI L E P H O T O

C O M M E R CI A L

DI R E CT O R Y

9. 2370 T O W N E CE NTE R

( E S S E N / B L U E B O N N E T)

1. BL U E B O N N ET CE NT RE

3.II U NITE D PL AZA

5.IV U NITE D PL AZA

7. VIII U NITE D PL AZA

2.I U NITE D PL AZA

4.III U NITE D PL AZA

6. V U NITE D PL AZA

8.IX U NITE D PL AZA

A d dress: 9100 Bluebonnet Centre Blvd.

S q uare feet: 71,656 S q uare foot a ge availa ble: 5,116 Occ u pa ncy rate: 92.9 % Lease rate per s q uare foot: $22 A d dress: 4041 Essen Ln S q uare feet: 94,204 S q uare foot a ge availa ble: 10,970 Occ u pa ncy rate: 88.4 % Lease rate per s q uare foot: $23

A d dress: 8550 United Plaza Blvd.

S q uare feet: 197,010 S q uare foot a ge availa ble: 23,010 Occ u pa ncy rate: 88.3 % Lease rate per s q uare foot: $22 A d dress: 8545 United Plaza Blvd.

S q uare feet: 60,389 S q uare foot a ge availa ble: 2,389 Occ u pa ncy rate: 96 % Lease rate per s q uare foot: $24

| Real Estate Report 2018

B E L L E S A V A N N E A T D U T C H T O W N

58

A N EW

LEV EL

L e v e lH o m e s L ife s ty le .c o m

A d dress: 8555 United Plaza Blvd.

S q uare feet: 71,547 S q uare foot a ge availa ble: 1,241 Occ u pa ncy rate: 98.3 % Lease rate per s q uare foot: $23 A d dress: 8591 United Plaza Blvd.

S q uare feet: 58,365 S q uare foot a ge availa ble: 23,013 Occ u pa ncy rate: 60.6 % Lease rate per s q uare foot: $20

A d dress: 8641 United Plaza Blvd.

S q uare feet: 57,932 S q uare foot a ge availa ble: 0 Occ u pa ncy rate: 100 % Lease rate per s q uare foot: $23 A d dress: 8687 United Plaza Blvd.

S q uare feet: 97,000 S q uare foot a ge availa ble: 0 Occ u pa ncy rate: 100 % Lease rate per s q uare foot: $19.50

9. XII U NITE D PL AZA

United Plaza

A d dress: 8549 United Plaza Blvd.

S q uare feet: 154,000 S q uare foot a ge availa ble: 8,744 Occ u pa ncy rate: 94.3 % Lease rate per s q uare foot: $23

10. ESSE N CE NTE R

A d dress: 5353 Essen Lane S q uare feet: 113,000 S q uare foot a ge availa ble: 84,000 Occ u pa ncy rate: 25.7 % Lease rate per s q uare foot: $22

11. J EFFE RS O N B RE NT W O O D

A d dress: 8440 Jefferson H wy.

S q uare feet: 63,625 S q uare foot a ge availa ble: 0 Occ u pa ncy rate: 100 % Lease rate per s q uare foot: $25

FI L E P H O T O

12. L O UISIA NA S C H O OL E M PL OYEE RETI RE M E NT A d dress: 8660 United Plaza Blvd.

S q uare feet: 112,253 S q uare foot a ge availa ble: 1,130 Occ u pa ncy rate: 99 % Lease rate per s q uare foot: N/A

Real Estate Report 2018

| 59

II United Plaza

FI L E P H O T O

C O M M E R CI A L

DI R E CT O R Y

@ Highland

13. JA C O BS PL AZA

A d dress: 4949 Essen Lane S q uare feet: 192,600 S q uare foot a ge availa ble: 0 Occ u pa ncy rate: 100 % Lease rate per s q uare foot: N/A

14. C B &I PL AZA R RE ER R

( C B &I no longer occupies this space)

# #1 1

W al W alt te re r L.L. C Co o m me ea au ux x

| Real Estate Report 2018

P aP ra kr ek re r M aM rasr cs hc all h all

60

TI M M U E L L E R

A DA D WILL WILLR UR NU NA SA IS SI S

NiNikiki S.S. B Be e se so on n

C hC ah sa es e M cM cC ali C alip p

C Calalv ve retr t S tS to on ne e

R yR ay na nF al F alg go uo st u st

Celebrating Celebrating 33 55 Years Years

A sA hl s hle ye y C oC co oc o

R Re esisid de en ti n tialal • • C Co o m m m me er rcicialal | | P Pe er rkikin ns s • • BlBlu ue eb bo on nn ne et t t • • A As sc ce en nsisio on n

w w w w w.w.c co o m m m me er rc ce etititltle.e.c co o m m

A d dress: 4171 Essen Lane S q uare feet: 240,000 S q uare foot a ge availa ble: 0 Occ u pa ncy rate: 100 % Lease rate per s q uare foot: N/A

Bi Bin ng hg ah am mS tS et ew aw ratr t

S aS raar ha hT hi T hig gp ep ne n

15. PE R KI NS R O WE

Westfork Building

A d dress: 10202 Perkins Ro we S q uare feet: 126,328 S q uare foot a ge availa ble: 1,263 Occ u pa ncy rate: 99 % Lease rate per s q uare foot: $24.50

16. 7920 BL U E B O N N ET

A d dress: 7920 Bluebonnet Blvd.

S q uare feet: 152,000 S q uare foot a ge availa ble: 125,000 Occ u pa ncy rate: 17.8 % Lease rate per s q uare foot: $21

17. @ HI G HL A N D

A d dress: 10500 Highland Blvd.

S q uare feet: 54,000 S q uare foot a ge availa ble: 52,500 Occ u pa ncy rate: 27.8 % Lease rate per s q uare foot: $32

FI L E P H O T O

A REA D

( S H E R W O O D F O R E S T)

1. 4000 S H E R W O O D

2. C O U RT PL AZA

AIdsdress: s u e D4000 at e:S. Sher R Ewood R AForest d 2 prBlvd.o of A#d3dress: 10500 Coursey Blvd. asefeet: res po n 78,183 d by e- m ail or f ax wit h yo ur a p provSalq uare or mi feet: nor revisio ns.

S• qPle uare 57,486 D WILL R UaNgeA S availa I S u nless a p 8,666 prov al or fi n al revisio ns foot a ge availa ble: 15,107 S• qAare uare foot ble: S q uare receive d by t he close of b usi ness to d ay.

Occ pa ncy rate: ns88.9m ust% be re q ueste d a n d m ayOcc ncytorate: 73.7n fees. % • A duditio n al revisio be suupa bject pro d uctio Lease rate per s q uare foot: $19.95 Lease rate per s q uare foot: $18

3. WESTF O R K B UIL DI N G

A d dress: 2900 Westfork Drive S q uare feet: 105,720 S q uare foot a ge availa ble: 22,328 Occ u pa ncy rate: 78.9 % Lease rate per s q uare foot: $19

L O UI SI A N A B U SI N E S S I N C.

C aref ully c heck t his a d for: C O R R E C T A D D R E S S • C O R R E C T P H O N E N U M B E R • A N Y T Y P O S

4. 10705 RI E G E R AVE.

A d dress: 10705 Rieger Ave. S q uare feet: 53,000 S q uare foot a ge availa ble: 0 Occ u pa ncy rate: 100 % Lease rate per s q uare foot: $26

T his a d desi g n © Lo uisi a n a B usi ness, I nc. 2 0 1 8. All ri g hts reserve d. P ho ne 2 2 5- 9 2 8- 1 7 0 0 • F ax 2 2 5- 9 2 6- 1 3 2 9

Real Estate Report 2018

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A D V E R TI S E M E N T

S pl

WI L D W O O D, B A T O N R O U G E

O A SI S T H A T D R A W S A C R O W D C o m m u ni t y p o ol s t h a t will h a v e t e n a n t s li n e d u p a n d e x ci t e d t o m o v e i n.

W O O D L A N D S O F A C A DI A N A

T H E DI S T RI C T, B A T O N R O U G E

Te n a nts o nce re nte d a p art me nts b ase d o n i nteri or fi nis hes, a p pli a nces a n d l oc ati o n.

To d a y, a p art me nts re nt bef ore a u nit d o or o pe ns. e a me nit y p ac k a ge is w h at’s dr a wi n g te n a nts t o ne wl y c o nstr ucte d m ultif a mil y pr ojects. A p art me nts, st u de nt a n d se ni or li vi n g c o m m u nities are de m a n di n g i n d o or a n d o ut d o or s p aces t h at are b ot h l u x uri o us a n d f u ncti o n al. ese are as h a ve a deli ber ate desi g n t h at gi ves resi de nts r o o m t o g at her w hile still reser vi n g n o o ks f or pri vac y. Ta n ni n g s hel ves, fi re fe at ures, per g ol as, s wi m l a nes, pet p ar ks a n d o ut d o or c o o ki n g are as are a m ust!

L az y ri vers, p utti n g gree ns a n d s pl as h p a ds are als o bei n g a d de d t o attr act te n a nts.

G W Oli ver C o nstr ucti o n h as set t he b ar f or c o m merci al s wi m mi n g p o ol c o nstr ucti o n a n d h as bec o me t he preferre d p o ol b uil der. “ We w a nt t o m a ke o ur ge ner al c o ntr act ors’ a n d o w ners’ j o b e asier b y h a n dli n g t he p o ol pr oject fr o m st art t o fi nis h f or t he m,” s a ys Lis a Oli ver. We’ll h a n dle e n gi neere d c o nstr ucti o n pl a ns, s u b mit t o t he De p art me nt of He alt h & H os pit als i n a p plic a ble st ate f or per mitti n g, assist i n m ateri al selecti o ns a n d c o nstr uct a s oli d, be a utif ul pr oject o n ti me a n d o n b u d get.” Oli ver c o nti n ues.

G W Oli ver C o nstr ucti o n ser ves clie nts i n L o uisi a n a, Mississi p pi, Al a b a m a a n d Te x as. C all t he G W Oli ver te a m at 2 2 5- 7 5 7- 5 5 7 7 or visit g w oli ver.c o m f or m ore i nf or m ati o n.

C R E E K SI D E C R O S SI N G, B A T O N R O U G E

R E TAI L

RETAIL

I N SI G H T

T H E S KI N N Y:

T h e B at o n R o u g e r et ail m ar k et r e m ai n s h e alt h y, b ut t h e s a m e e- c o m m er c e tr e n d s t h at ar e h a m m eri n g ot h er m ar k et s a cr o s s t h e c o u ntr y ar e b e gi n ni n g t o i m p a ct t h e r e gi o n.

B Y S T E P H A NI E RI E G E L

I ST O C K

C O U RTE SY T O P G OLF

TI M M U E L L E R

C O O L DI G S: A for mer warehouse on Nicholson Drive near the Mississippi River bridge was brought back to life in 2015 as 1010 Nic, an 18,0 0 0 square-foot retail space.

DI GIT AL DI VI D E: The popularity of e-co m merce sites like A mazon is negatively i mpacting the Baton Rouge retail market.

T HE A M A Z O N EFF E CT

M A K E ‘E M S MIL E

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R E T AI L E R S A R E l e ar ni n g t h e y h a v e t o e n g a g e a n d e nt ert ai n t h eir c u st o m er s if t h e y w a nt t o m a k e it i n t hi s br a v e n e w w orl d. O ut d at e d m o vi e t h e at er s, li k e t h e f or m er Ti n s el to w n sit e n e ar Si e g e n L a n e, ar e b ei n g r a z e d a n d r e pl a c e d wit h n e w attr a cti o n s li k e T o p G olf, w hil e t h e f or m er h h g r e g g s p a c e at t h e M all of L o ui si a n a i s b ei n g c o n si d er e d f or a M ai n E v e nt f a mil y a cti v y c e nt er l o c ati o n.

Real Estate Report 2018

A S I N M A R K E T S ar o u n d t h e c o u ntr y, B at o n R o u g e h a s b e e n n e g ati v el y aff e ct e d b y t h e ri s e of e- c o m m er c e, w hi c h i s h a st e ni n g t h e d e mi s e of tr a diti o n al r et ail er s a n d s h utt eri n g bi g b ox st or e s o n c e c o n si d er e d st al w art s of t h e e c o n o m y. O n t h e pl u s si d e, l o c al v a c a n c y r at e s — a v er a gi n g 8. 8 % — ar e b el o w t h e n ati o n al a v er a g e of 1 0 %. B ut d o n’t br e at h e a si g h of r eli ef. T h e r at e of cl o s ur e s, d o w n si zi n g s a n d c o n s oli d ati o n s i s ex p e ct e d t o c o nti n u e o v er t h e n ext 5 t o 1 0 y e ar s, a s s h o p p er s i n cr e a si n gl y d o t h eir b u yi n g o nli n e.

R E P U R P O S E D F O R E: The for mer Tinsel To wn movie theater site off Siegen Lane is being replaced with a much-hyped Top Golf facility.

63

N E W N E W

L O T S A V A IL A B L E F O R

C O N S T R U C T IO N

L O T S A V A IL A B L E F O R

C O N S T R U C T IO N

AA new al new traditii traditii al neighbb neighbb hh hh dd inin ee hee ati RR RR ge ge hee tt of of BB ati F E A T U R IN G A W ID E V A R IE T Y F E A T U R IN G A W ID E V A R IE T Y

O F C O M M U N IT Y A M E N IT IE S O F C O M M U N IT Y A M E N IT IE S

C o m m u n ity P o o l • P r iv a te C lu b h o u s e • F itn e s s C e n te r C o m m u n ity P o o l • P r iv a te C lu b h o u s e • F itn e s s C e n te r S p r o u ts G r o c e r y S to r e • P r o p o s e d P a r is h L ib r a r y • C o m m u n ity F a r m S p r o u ts G r o c e r y S to r e • P r o p o s e d P a r is h L ib r a r y • C o m m u n ity F a r m B ik e T r a il to U n iv e r s ity L a k e s • D in in g • R e ta il B ik e T r a il to U n iv e r s ity L a k e s • D in in g • R e ta il

.1800 77 R Ro ou uz az na n.c.co om m | | 2 2 25 5.6.66633.18 S tic a rtne rs. e rs.IfIfy oy uo uh ah va ev ea ab brorok ke erarag ge ererelalatio tionnshshipip ww ith ith aann oo th th ee rr aa gg ee nn cc y, N e wN eH w o Hm oe mS ae leS as leb ys bK ye Kllee rlleW r Williaillia m sm R seRa eltya ltyR eR de Sd tic k Pk aPrtn y, so ita lic ita a tion dn edeeme me de drerelialiab leb le, b, bu tu nt no ot tg gu ua araran ntetee edd..EEqquuaallOO ppppoo rtu rtu nn ity ity HH oo uu sin sin gg PP ro th isthisisn iso tnino tteinn ted en dd ea ds aa ssoa lic tio tio n . An .llA inllfoin fo rm rma tio ro vv idid ee r.r. e n tly ra te P ric rp oo se se ss oo nn ly.

E a cEh aoc ffih oc ffie isc einisd ine pd ee np de en nd tly o w onwe nd eadn ad nod poeprae te d .dP .ric e sesus sub jeb jec tc tot toc hc ah na ng eg .e R. Re en nd de erinring gssaarerefoforrccoonncceepp tutu aallpp uu rp ly.

STAF F P H OT O

S O-L O N G S A M: As part of its co mpany- wide do wnsizing the Cortana location of Sa m’s Club was closed in early 2018.

L ET’S GET ‘ P H Y GITAL’

S H RI N K T HE F O OT P RI NT

R E T AI L E R S A R E N O T cl o si n g bri c k- a n d- m ort ar st or e s e ntir el y b ut ar e d o w n si zi n g — li k e K o hl’s i n t h e Si e g e n L a n e M ar k et pl a c e— a n d eit h er s u bl e a si n g t h eir ex c e s s s p a c e or c o n v erti n g it t o e- c o m m er c e u s e s. I n e arl y 2 0 1 8, S a m’s Cl u b cl o s e d it s C ort a n a l o c ati o n a s p art of a c o m p a n ywi d e d o w n si zi n g. B ut t h e c o m p a n y i s k e e pi n g t h e b uil di n g a n d c o n v erti n g it i nt o a di stri b uti o n f ulfill m e nt c e nt er f or it s o nli n e b u si n e s s. Si mil arl y, Tar g et a n d W al m art n o w off er h o m e d eli v er y of or d er s pl a c e d di git all y a n d h a v e d e di c at e d s p a c e s i n t h eir bi g b ox st or e s t o pr o c e s s or d er s.

S U C C E S S F U L S ELLI N G: The popularity of s maller shopping centers, like Acadian Village, sho ws the future isn’t all bleak for traditional retail.

SIZE M AT T E RS

W HI L E BI G B O X r et ail er s a n d tr a diti o n al m all s ar e f a ci n g a bl e a k f ut ur e, s m all er s h o p pi n g c e nt er s, a s a r ul e, ar e n ot. I n f a ct, t h er e i s a l ot of d e m a n d f or n e w s p a c e a n d cl e arl y — a s a dri v e ar o u n d B at o n R o u g e will s h o w — a l ot of n e w r et ail d e v el o p m e nt i s u n d er w a y. M o st of t h at s p a c e i s alr e a d y pr el e a s e d, a s b a n k s ar e n’t l e n di n g o n s p e c ul ati v e stri p c e nt er s, w hi c h i n di c at e s t h e n e e d i s t h er e. It’s i m p ort a nt t o r e m e m b er, h o w e v er, t h at t h o s e r et ail t e n a nt s will b e m or e g e ar e d t o w ar d f o o d, fit n e s s a n d s er vi c e, a n d l e s s t o w ar d s elli n g cl ot h e s, s h o e s a n d h o m e a c c e s s ori e s.

T HE C O RTA N A Q UE STI O N

T H E 4 0- Y E A R- O L D m all’s d a y s a s a s h o p pi n g d e sti n ati o n ar e, eff e cti v el y, d o n e. P eri o d. B ut t h e o n e- milli o n- s q u ar e-f o ot sit e, wit h it s s urr o u n di n g f o ur a cr e s of p ar ki n g, i s g e n er ati n g pl e nt y of i nt er e st fr o m p ot e nti al b u y er s or t e n a nt s b e c a u s e of it s attr a cti v e pri c e t a g a n d it s p ot e nti al a s a sit e f or m ultif a mil y, el d erl y h o u si n g or, n o j o k e, h y dr o p o ni c a gri c ult ur e.

8.8 %

A v er a g e v a c a n c y r at e a m o n g t h e r o u g hl y 8. 5 milli o n s q u ar e f e et of l e a s a bl e s p a c e at B at o n R o u g e ar e a s h o p pi n g c e nt er s, ex cl u di n g P er ki n s R o w e, M all of L o ui si a n a, C ort a n a M all a n d T o w n e C e nt er — u p fr o m 8. 1 % a y e ar a g o.

48

C o n s e c uti v e m o nt h s C a pit al R e gi o n s h o p pi n g c e nt er s h a v e b e e n 9 0 % or m or e o c c u pi e d, o n a v er a g e.

3%

P er c e nt a g e of C a pit al R e gi o n s h o p pi n g c e nt er s wit h v a c a n ci e s hi g h er t h a n 5 0 %.

|

S OURCE: Co m mercial and Invest ment Division of the Greater Baton Rouge Association of Realtors and presented at the 2018 Baton Rouge TRE NDS se minar.

More infor mation can be found at batonrougetrends.net.

S h o p pi n g c e nt er s i n E a st B at o n R o u g e, A s c e n si o n a n d Li vi n g st o n p ari s h e s.

R E T AI L E Y E S O R E: The biggest local retail question is what to do about the dying Cortana Mall. Though various proposals have been floated , it’s clear the 40-year-old mall’s days as a retail destination are done.

Real Estate Report 2018

A b y-t h e- n u m b er s l o o k at t h e C a pit al R e gi o n r et ail m ar k et

137

FI L E P H O T O

STAF F P H OT O

T H E M O S T S U C C E S S F U L r et ail er s ar e g oi n g “ p h y git al,” d oi n g b u si n e s s i n b ot h tr a diti o n al bri c k- a n d- m ort ar st or e s a n d i n t h e r e al m of e- c o m m er c e. O n e r e c e nt st u d y s h o w e d t h at i n m ar k et s w h er e a c o m p a n y cl o s e d it s p h y si c al st or e s, o nli n e s al e s f or t h e c o m p a n y i n t h at m ar k et dr o p p e d 3 8 % o n a v er a g e. R et ail i s n’t d e a d, b ut br a n d a w ar e n e s s i s k e y a n d t h e r et ail er s wit h t h e b e st p h y git al pr e s e n c e — a pl a c e w h er e c u st o m er s c a n g o t o s e e a n d f e el t h e it e m t h e y w a nt t o b u y b ef or e or d eri n g it o nli n e — will b e t h e m o st s u c c e s sf ul.

DI GI T S

I N SI G H T

I ST O C K

R E TAI L

GL O B AL M E E T S L O C AL: Despite the rise of online shopping, research makes clear custo mers also want a physical retail presence.

65

Ar c hit e ct ur e ffir m s O WNER(S)

2

Cole ma n Part ners Arc hitects 3377 North Blvd., Baton Rouge 70806 (225) 387-4414/cparch.co m

Robert Cole man, Dale Songy, Marvin " Buddy" Ragland, Gary Gilbert, Wendy Lee, Joe Saftiotti

14 26

The Water Institute of the Gulf Renovations to LS U’s Patrick F. Taylor Hall Ritz Carlton Hotel, Turks & Caicos

1

Grace He bert Arc hitects 501 Govern ment St., Ste. 200, Baton Rouge 70802 (225) 338-5569/gracehebert.co m

Gerald "Jerry" Hebert II, Ada m Fishbein, Kriste Rigby, David Hebert, Alex Deshotels

14 33

Lee Magnet High School Ochsner Grove Develop ment Spencer Calahan La w Oftice

3

Holly & S mit h Arc hitects 208 N. Cate St., Ha m mond 70401 (985) 345-5210/hollyands mith.co m

Michael Holly, Jeffrey S mith, Mark Beckers, Pierre Theriot, Ryan Faulk, Kevin Morris, Robert Boyd, Rohit Sood

12 24

Southeastern Louisiana University Science and Technology Building Ca mbria Hotel, Nashville and Ne w Orleans Acade my Place Senior Housing, Hou ma

4

Ti pto n Associates 449 West moreland Drive, Baton Rouge 70806 (225) 387-0101/tipton-associates.co m

Bryon Hu me, Daniel Zito, Kenneth Tipton Jr.

12 WND

LS U French House Honors College historic renovation Northside School, West Baton Rouge University of South Carolina Russell House

5

NR

CSRS 6767 Perkins Road, Ste. 200, Baton Rouge 70808 (225) 769-0546/csrsinc.co m

Michael Songy, Christopher Pellegrin, Travis Woodard, Taylor Gravois, Chris Ferrari, Ti m Bartield, Ji m my Screen

11 124

Raising Cane’s prototypes Phil’s Oyster Bar Raising Cane’s Baton Rouge Satellite Office (I B M Building)

6

5

Re mso n Haley Her pi n Arc hitects 200 Govern ment St., Ste. 100, Baton Rouge 70802 (225) 383-0002/rhharchitects.co m

Chris Re mson, Sa m Herpin, Trula Re mson, Jason Hargrave, Clarke Gernon

10 15

LS U Nicholson Gate way develop ment LS U Football Operations expansion Bullion Pri mary School

5

W HL C Arc hitect ure 1744 Oakdale Drive, Baton Rouge 70810 (225) 767-1530/ whlcarchitecture.co m

Russell Washer, Michael Hill, Rick Lipsco mb, Rex Cabaniss

10 20

Baton Rouge General Medical Center Thibodaux Regional Wellness Center Biscayne Beach Condo miniu ms, Mia mi

8

5

F usio n Arc hitect ure (1) 3488 Brent wood Drive, Ste. 101, Baton Rouge 70809 (225) 766-4848/fusionarchitecture.co m

Kyle Kra mer, Brad Guerin, Brandon Cooper

9 15

S U N O Arts and Hu manities building Ochsner Louisiana East Baton Rouge Parish School Syste m

9

8

Hol de n Arc hitects (1) 500 Laurel St., 5th Fl., Baton Rouge 70801 (225) 389-0077/holdarch.co m

Tho mas Holden

8 10

WND

10

13

Ritter Ma her Arc hitects 2987 Govern ment St., Baton Rouge 70806 (225) 383-4321/ritter maher.co m

Scott Ritter, Stephen Maher

7 13

Catholic High Student Center Cra wtish Aquatics Surgical Specialty Center renovations

11

10

B C B Arc hitects ( Ba ni, Carville, & Bro w n) (1) 3718 Govern ment St., Baton Rouge 70806 (225) 343-2267/bcbaia.co m

Henry Carville, Richard Bro wn, Ji m Pugh, Matt Daigrepont

6 10

The Mc Kay Auto motive Technology Center St. Aloysius Child Care Center LS U Beach Volleyball Co mplex

9

Bra dley- Ble wster & Associates 8026 Picardy Ave., Baton Rouge 70809 (225) 769-7040/bradley-ble wster.co m

W. Carroll Ble wster, C. Lynn Bradley

6 14

Our Lady Of the Lake Heart and Vascular To wer E mergency Expansion and Trau ma Center Lane Regional Medical Center, M O B IV, Zachary Surgical Specialty Center

10

D N A Works ho p 235 S. 14th St., Baton Rouge 70802 (225) 224-3363/dna- workshop.co m

Dyke Nelson

6 13

500 Laurel 440 on Third Electric Depot

10

Do mai n Arc hitect ure 8316 Kel wood Ave., Baton Rouge 70806 (225) 216-3770/do main-dsgn.co m

Michael Buturla, Sit Wong, Joseph Wild

6 20

Renovations to Mu mford Stadiu m and F. G. Clark Activity Center, Southern University E B R Career & Technical Education Center Ne w Pri mary School, H wy. 73, A PS B

13

Cock tiel d Jackso n Arc hitects 6711 Perkins Road, Baton Rouge 70808 (225) 761-1680/cjarchitects.co m

To m mie Cocktield, Steve Jackson

5 9

B R PT Lake Physical Therapy Clinic, Prairieville Denha m Springs/ Walker Library addition Stabs Pri me Steakhouse

13

Cr u m p Wilso n Arc hitects 5721 S. Sher wood Forest Blvd., Baton Rouge 70816 (225) 387-2307/cru mp wilsonarchitects.co m

Michael Wilson, Sha wn Fisher, Carrie Knight

5 14

BASF Quality Control Lab, Hannibal, M O Neighbors F C U repurposing headquarters Westlake Che mical ad ministration building

16

C he nevert Arc hitects 640 Main St., Ste. A, Baton Rouge 70801 (225) 334-9907/chenevertarchitects.co m

Nor man Chenevert

4 8

Renovation to LS U's Evangeline Hall 200 Laurel St. Benny's Car wash, Coursey Blvd.

NR

Mo u geot Arc hitect ure 10343 Siegen Lane, Bldg. 7-A, Baton Rouge 70810 (225) 767-1717/ mougeotarchitecture.co m

David Mougeot, W. To m my Dauzat

4 7

Ascension Parish Govern mental Co mplex LS U Center for River Studies City of Ne w Roads master plan

1

3

15

| Real Estate Report 2018

17

66

NO. OF LICENSED, LOCAL ARCHITECTS NO. OF LOCAL STAFF

FIR M ADDRESS PHONE/ WEBSITE

PREV. RANK

R E TAI L

R A N KI N G S

R a n k e d b y n u m b er of li c e n s e d, l o c al ar c hit e ct s.

NOTABLE ARCHITECTURAL PROJECTS

N R = Not ranked. W N D = Would not disclose. Not all area architect ure fir ms are sho wn, only those providing requested infor mation with four or more licensed, local architects. Infor mation presented was provided upon request by co mpany representatives, and Business Report assu mes the data are accurate and truthful. Architecture fir ms f eatured in Business Report 's List makers must have at least one location or facility located in the nine-parish Capital Region, unless other wise noted. If you would like your co mpany to be considered for next year’s list, or if there are any corrections or additions, please e mail sc ru mp @businessreport.co m.

(1) 2017 data. Fir m was unable to update infor mation at the ti me of publication.

Researched by Sierra Cru mp

V is it o u r w e b s ite a n d s h o p fo r E c o L ite L E D p ro d u c ts a t:

E C O L IT E L E D .C O M

F o r m o re in fo rm a tio n re g a rd in g a C o m p le m e n ta ry E n e rg y A u d it p ro p o s a l C o n ta c t u s a t: in fo @ E c o lite L E D .c o m o r c a ll 1 -8 4 4 -L E D -S W A P (5 3 3 -7 9 2 7 ) C O R P O R A T E O F F IC E S : B A T O N R O U G E , L A . - H O U S T O N , T X

- S O M E R S E T,N J

are receive d by t he close of b usi ness to d ay.

• A d ditio n al revisio ns m ust be re q ueste d a n d m ay be s u bject to pro d uctio n fees.

C aref ully c heck t his a d for: C O R R E C T A D D R E S S • C O R R E C T P H O N E N U M B E R • A N Y T Y P O S T his a d desi g n © Lo uisi a n a B usi ness, I nc. 2 0 1 7. All ri g hts reserve d. P ho ne 2 2 5- 9 2 8- 1 7 0 0 • F ax 2 2 5- 9 2 6- 1 3 2 9

2 2 5. 7 6 6. 8 8 0 2

| Real Estate Report 2018

W W W. L E W I S - C O M P A N I E S. C O M

68

Pr o p ert y m a n a g e m e nt ffir m s R a n k e d b y t ot al s q u ar e f o ot a g e m a n a g e d l o c all y.

1

2

2

3

3

4

4

5

6

6

5

7

7

8

8

SQUARE FOOTAGE (LOCALLY) SQUARE FOOTAGE (STATE WIDE)

NO. OF PROPERTY MANAGERS LOCAL/STATE WIDE TOTAL STAFF LOCAL/STATE WIDE

Jeff Har man

20,590,000 33,725,500

10/19 32/41

Valerie Le wis, Lanny Le wis

11,239,075 11,929,075

8/8 30/30

Joseph Pappalardo Sr., Debbie Harvill, Laura White

9,638,986 17,360,831

29/87 48/315

George Murrell, Linda Jackson, La wrence Maestri, Benja min Stalter

6,251,284 6,707,450

10/12 143/172

Chris Daigle, Ashley Mackey, To m Mackey

5,590,000 5,590,000

7/7 7/7

Mike Wa mpold

4,396,052 5,128,023

9/11 100/118

Beau Box, Brent Garrett, Patti Pizzolato

2,556,265 3,582,439

2/4 11/13

Mark Hebert, George Kurz

2,300,000 2,300,000

2/2 14/14

TOP LOCAL EXECUTIVE(S)

Co m m u nity Ma na ge me nt 140 Aspen Square, Ste. H, Denha m Springs 70726 (225) 271-3906/c mgt.org Le wis Co m pa nies (1) 9828 Bluebonnet Blvd., Ste. F, Baton Rouge 70810 (225) 766-8802/le wis-co mpanies.co m N AI Latter & Bl u m Pro perty Ma na ge me nt 1700 City Far m Drive, Baton Rouge 70806 (225) 297-7888/latterblu mp m.co m Maestri- M urrell Pro perty Ma na ge me nt 9018 Jefferson H wy., Ste. B, Baton Rouge 70809 (225) 298-1240/ m mcre.co m To m Mackey Real Estate Services 9336 Interline Ave., Baton Rouge 70809 (225) 751-8847/t mreho mes.co m Wa m pol d Co m pa nies 4171 Essen Lane, Ste. 450, Baton Rouge 70809 (225) 215-1800/ wa mpold.co m Bea u Box Pro perty Ma na ge me nt 5500 Bankers Ave., Baton Rouge 70808 (225) 237-3343/beaubox.co m K urz & He bert Co m mercial Real Estate P. O. Box 80301, Baton Rouge 70898 (225) 925-0600/kurzhebert.co m

NOTABLE LOCAL PROPERTIES

Settle ment at Willo w Grove Silver Oaks Apart ments Village of River Ranch Walden Ho meo wners Association Fieldhouse Condo miniu ms University Vie w Condo miniu ms Ha m mond Aire One A merican Place Ca mden Lakes Apart ments C DI Centre Zachary Parkside Apart ments Highland Club I & II Seven Oaks H OA River Ridge H OA Lakes at Bluebonnet H OA Bayonne at Southshore II City Plaza City Plaza Siegen Plaza Shopping Center Bonne Carre Business Center Long Far m Village Retail Corporate II 5551 Corporate Wren wood Oftices

R A N KI N G S

1

FIR M ADDRESS PHONE/ WEBSITE

R E TAI L

PREV. RANK

Not all area tir ms are sho wn, only those providing requested inf or mation and managing 2,300,000 square feet or more locally. I nfor mation presented was provided upon request fro m co mpany representatives. Business Report assu mes the data are accurate and truthful. Property manage ment tir ms featured in Business Report 's List makers must have at least one location Researched by Sierra Cru mp or facility located in the nine-parish Capital Region, unless other wise noted. If you would like your co mpany to be considered for next year’s list, or if there are any corrections or additions, please e mail scru mp @businessreport.co m.

(1) 2017 data. Fir m was unable to update infor mation at the ti me of publication.

All r a n ki n gs ar e d et er mi n e d s ol ely t hr o u g h i n d e p e n d e nt r es e ar c h. Hi g hli g ht e d e ntri es ar e f or t h os e c o m p a ni es t h at p ay a f e e f or a n u p gr a d e d listi n g aft er t h eir eli gi bility f or t h e list h as b e e n d et er mi n e d.

Yo ur D e al. Yo ur D e a dli n e. Yo ur G o als.

OUR MI S SI O N.

M c Gli n c h e y St aff or d att or n e y s w or k cl o s el y wit h cli e nt s t o g et t h e d e al d o n e. Fr o m si m pl e l e a s e s t o c o m pl e x m ulti st at e a c q ui siti o n s, w e pr o vi d e c o m pr e h e n si v e c o m m er ci al r e al e st at e r e pr e s e nt ati o n. Al w a y s o n c all, w e ai m t o st a y a h e a d of t h e c ur v e a n d e n s ur e y o ur pr oj e ct fi ni s h e s o n s c h e d ul e a n d o n b u d g et s o y o u c a n f o c u s o n w h at m att er s m o st. W e c all it pr a cti ci n g w h er e t h e b u si n e s s of r e al e st at e a n d l a w i nt er s e ct. ®

s m

AL C A FL L A

MS

NY

OH T N TX

DC

m c gli n c h e y. c o m

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T HI S I S A N A D V E R TI S E M E N T. A ut h orizi n g att or n e y: J- P P err a ult, B at o n R o u g e. M c Gli n c h e y St aff or d P L L C i n A L, F L, L A, M S, N Y, O H, T N, T X, a n d D C. M c Gli n c h e y St aff or d L L P i n C A.

Real Estate Report 2018

W h er e B u si n e s s & L a w I nt er s e ct

69

IN THE KN O

W

SP O NS O RE D C O NTE NT

S P O N S O R E D B Y:

D on’t l ose yo ur drea m h o me t o fra ud

T

h e f a st e st gr o wi n g c y b er cri m e i n t h e U nit e d St at e s i s t h e t h eft of h o m e p ur c h a s e m o n e y t h at i s wir e d t o c o m pl et e cl o si n g tr a n s a cti o n s. T h e s e ar e n ot t h e ol d Ni g eri a n pri n c e s c a m s; t h e s e ar e s o p hi sti c at e d e m ail t h eft o p er ati o n s.

H u n dr e d s of milli o n s of d oll ar s h a v e b e e n st ol e n fr o m c o n s u m er s w h o f all pr e y t o t hi s c o n. W e c o n s ult e d t h e e x p ert s at S af e Titl e t o l e ar n h o w t o i d e ntif y a n d a v oi d wir e fr a u d s c h e m e s. B y r ai si n g a w ar e n e s s o n h o w t h e s e s c a m s ar e b ei n g c arri e d o ut, w e c a n w or k t o s h ut d o w n t hi s d e v a st ati n g tr e n d.

H E R E’ S H O W A R E A L E S T A T E WI R E F R A U D S C A M W O R K S:

| Real Estate Report 2018

• S c a m m er s i d e n tif y a n d h a c k t h e e m ail of a r e al e st at e a g e nt, br o k er, b u y er, s ell er, titl e c o m p a n y, or e v e n t h e l e n d er.

• N e xt, t h e y c o m b t hr o u g h t h eir e m ail s t o fi n d u p c o mi n g cl o si n g d at e s a n d p o s si bl y a c c e s s a cli e n t’ s c o n fi d e n ti al p e r s o n al i nf o r m a ti o n.

• T h e h o m e b u y er t h e n r e c ei v e s a n e m ail wit h f r a u d ul e n t wi r e t r a n sf e r i n str u cti o n s fr o m a n a d dr e s s s o c o n vi n ci n gl y cl o s e t o t h e r e al o n e t h at t h e y d o n’t r e c o g ni z e it’ s a f a k e ( e s cr o w @ a m a zi n gtittl e. c o m i n st e a d of e s cr o w @ a m a zi n gtitl e. c o m).

• W h e n t h e h o m e b u y er f oll o w s t h e p h o n y i n str u cti o n s, t h e m o n e y i s s e n t t o t h e s c a m m e r’ s a c c o u n t.

• T h e s c a m m er q ui c kl y r e dir e ct s t h e vi cti m’ s wir e f u n d s s o m e w h er e u ntr a c e a bl e, a n d t h e m o n e y i s l o s t f o r e v e r.

70

“ T h er e’ s v er y littl e t h at c a n b e d o n e aft er wir e fr a u d h a p p e n s, s o y o ur b e st c o ur s e of a cti o n i s t o pr ot e ct y o ur s elf,” s a y s J uli e F erri s, f o u n d er a n d att or n e y at S af e Titl e i n B at o n R o u g e. H er e ar e s o m e h el pf ul ti p s t o a v oi d wir e fr a u d, w h et h er y o u’r e a h o m e b u y er, s ell er or ot h er p art n er i n a r e al e st at e tr a n s a cti o n.

1. B E S K E P TI C A L.

• K n o w h o w t o s p ot a s c a m. If a n e m ail s e e m s o ff, tr u st y o ur g ut. C all y o ur r e al e st at e a g e nt or titl e c o m p a n y at t h e n u m b er fr o m t h eir b u si n e s s c ar d or w e b sit e — n ot fr o m t h e e m ail y o u r e c ei v e d —t o c o n fir m t h e y s e nt t h e c orr e s p o n d e n c e.

• N e v er cli c k li n k s or o p e n att a c h m e nt s fr o m u n v eri fi e d e m ail s. T h e y c o ul d i n st all m al w ar e o n y o ur s y st e m a n d m a k e y o u m or e v ul n er a bl e t o a h a c k.

• Al w a y s b e s u s pi ci o u s of e m ail s or p h o n e c all s fr o m p e o pl e a s ki n g y o u t o v erif y p er s o n al or b a n ki n g i nf or m ati o n.

• N e v er hit “r e pl y.” Al w a y s f or w ar d a n d t h e n writ e t h e c o nt a ct’ s e m ail m a n u all y, s o t h at y o u d o n’t a c ci d e nt all y r e pl y t o a s c a m m er.

2. T E C H S E C U RI T Y M A T T E R S.

• C h a n g e y o ur p a s s w or d s r e g ul arl y. M a n y h a c k s h a p p e n b e c a u s e t h e h a c k er j u st g u e s s e d t h e vi cti m’ s p a s s w or d.

• N e v er s e n d s e n siti v e i nf or m ati o n vi a e m ail. U s e e n cr y pt e d e m ail if y o u m u st.

• N e v er ( e v er) c o n d u ct b u si n e s s o v er u n s e c ur e d Wi - Fi. H a c k er s c a n e a sil y

i nt er c e pt i nf or m ati o n o v er u n pr ot e ct e d p u bli c n et w or k s.

• S et u p t w o -f a ct or a ut h e nti c ati o n r e q uiri n g a c o d e a n y ti m e y o u e nt er y o ur p a s s w or d o n y o ur e m ail. E v e n if a fr a u d st er g u e s s e s y o ur p a s s w or d, t h e y c a n’t a c c e s s y o ur a c c o u nt wit h o ut h a vi n g y o ur p h y si c al p h o n e or c o m p ut er i n t h eir h a n d s.

3. C O M M U NI C A T E O F F LI N E.

• B ef or e a n y wir e tr a n sf er s t a k e pl a c e, c all y o ur titl e c o m p a n y o n a p h o n e n u m b er y o u tr u st ( n ot fr o m a n e m ail y o u r e c ei v e d) t o v ali d at e all i n str u cti o n s.

• Bri n g y o ur b a n ki n g a n d p er s o n al i nf or m ati o n w h e n m e eti n g f a c e -t o -f a c e, a n d m a k e s ur e y o u r e c ei v e si g n e d wir e tr a n sf er i n str u cti o n s i n writi n g.

• Y o u c a n al w a y s e x e c ut e t h e wir e tr a n sf er at y o ur b a n k, t h e n c all t h e titl e c o m p a n y fr o m it s d at a b a s e a n d c o nt a ct i nf o, n ot t h e wir e i n str u cti o n s y o u r e c ei v e d vi a e m ail.

• C o m m u ni c at e. C o m m u ni c at e.

C o m m u ni c at e. N e v er, e v er wir e f u n d s t o a n y o n e wit h o ut p er s o n all y s p e a ki n g wit h t h e wir e r e ci pi e nt fir st t o v erif y t h e l e giti m a c y of t h e wiri n g r e q u e st.

LI G HTI N G T H E E C O N O M Y: The greater Baton Rouge market has historically been ho me to so me of the most active do wnstrea m petroche mical plants and manufacturing facilities on the Gulf Coast.

I N D U S T RI A L I N SI G H T

INDUSTRIAL T H E S KI N N Y:

I ST O C K

T h e p etr o c h e mi c al i n d u str y c o nti n u e s t o b e t h e e c o n o mi c f or c e i n t h e C a pit al R e gi o n, o nl y n o w it’s i n cr e a si n gl y b ei n g f u el e d b y n at ur al g a s. B Y A N NI E O U R S O L A N D R Y

PET R O C HE MI C AL P O W E R H O USE

I N D U S T R Y A D V O C A T E S ar e cl o s el y m o nit ori n g c h a n g e s t o t h e I n d u stri al Tax Ex e m pti o n Pr o gr a m, a p o p ul ar pr o p ert y t ax a b at e m e nt f or m a n uf a ct ur er s b a s e d o n j o b cr e ati o n a n d i n v e st m e nt. G o v. J o h n B el E d w ar d s u p e n d e d t h e pr o gr a m i n 2 0 1 6 t o gi v e l o c al g o v er n m e nt s m or e s a y i n gr a nti n g ex e m pti o n s, b ut t hi s y e ar t h e st at e st e p p e d b a c k i n t o pr o p o s e a u nif or m s et of I T E P g ui d eli n e s, w hi c h i n d u str y s u p p ort s a s a w a y t o bri n g st a bilit y b a c k t o t h e pr o gr a m.

A S S O CI A T E D P R E S S

T A XI N G DI L E M M A: One of the most hotly-discussed topics has been the Industrial Tax Exe mption Progra m, a debate triggered in 2016 when Gov. John Bel Ed wards gave more authority over the progra m to local govern ments.

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FI L E P H O T O

C H E MI C AL C R A Z E: Exxon Mobil officials have said they’re considering an expansion of che mical facility in Baton Rouge.

Real Estate Report 2018

TI M M U E L L E R

T H E C A PI T A L R E GI O N h a s s e e n u n pr e c e d e nt e d ex p a n si o n of t h e p etr o c h e mi c al i n d u str y o v er t h e l a st fi v e y e ar s al o n g I nt er st at e 1 0 a n d t h e Mi s si s si p pi Ri v er. T h e k e y t o t h e i n cr e a s e d a cti vit y h a s b e e n i n ex p e n si v e n at ur al g a s, w hi c h i s t h e f u el o n w hi c h p etr o c h e mi c al pl a nt s o p er at e.

T h e ex p a n si o n of c h e mi c al pl a nt s h a s c o ntri b ut e d h e a vil y t o t h e ar e a’s r e c e nt e c o n o mi c b o o m.

S OLVI N G T HE IT E P E Q U ATI O N

71

TI M M U E L L E R

A S S O CI A T E D P R E S S

I N D U S T RI A L I N SI G H T WILL W E G E T I T ? Baton Rouge offi cials are anxiously a waiting word on whether Exxon Mobil will expand its local operations; a decision, in part, to be decided by ho w the ITE P controversy is resolved.

T A RI F F T AL K: Studies indicate tariffs being i mple mented by President Donald Tru mp could have a signifi cant negative i mpact on the Baton Rouge area industrial sector.

T HE T H R E AT OF T R U M P TA RIFF S

T H E C O N S T R U C TI O N I N D U S T R Y —i n t h e i n d u stri al s e ct or i n p arti c ul ar —i s c o n c er n e d wit h pri c e hi k e s f oll o wi n g Pr e si d e nt D o n al d Tr u m p’s n e wl y i m p o s e d st e el a n d al u mi n u m t ariff s. L o c al a n d n ati o n al i n d u str y offi ci al s w ar n t h e pri c e i n cr e a s e s, a s a r e s ult of t h e t ariff s, c o ul d t hr e at e n i nfr a str u ct ur e gr o wt h. Tr u m p a n n o u n c e d n e w t ariff s o n st e el a n d al u mi n u m i m p ort s at 2 5 % a n d 1 0 %, r e s p e cti v el y, i n M ar c h.

E arl y e sti m at e s s u g g e st t h e t ariff s c o ul d pr o m pt u p t o a 1 5 % i n cr e a s e i n st e el c o st s.

E Y E S O N T HE E X X O N P RIZE

OI L GI A N T E X X O N M O BI L a n n o u n c e d i n M ar c h it w a s c o n si d eri n g a m ulti billi o n- d oll ar pr o p o s al t o ex p a n d it s li g ht cr u d e oil r efi ni n g c a p a cit y al o n g t h e G ulf C o a st, a n d B at o n R o u g e i s i n t h e r u n ni n g f or a m aj or n e w pr oj e ct t o ex p a n d it s p ol y pr o p yl e n e m a n uf a ct uri n g c a p a cit y.

R e pr e s e nt ati v e s s a y it w o ul d b e t h e l ar g e st i n v e st m e nt i n Exx o n M o bil’s fi v e- pl a nt B at o n R o u g e c o m pl ex i n m or e t h a n a d e c a d e a n d cr e at e m or e t h a n 6 0 0 c o n str u cti o n j o b s a n d 6 0 p er m a n e nt j o b s.

C O U RT E SY H O N E Y W ELL

Honey well’s plant in Geis mar.

FI L E P H O T O

N OT E W O RT H Y P R O JE CT S Y O U A R E M Y S U N S HI N E: One of the state’s biggest econo mic wins is For mosa Petroche mical Corp. announcing it will build a $9.4 billion che mical manufacturing co mplex on a 2,40 0acre site near the Sunshine Bridge in St. Ja mes Parish.

ST. J A ME S WI NS BI G

| Real Estate Report 2018

T AI W A N- B A S E D F or m o s a P etr o c h e mi c al C or p. s el e ct e d St. J a m e s P ari s h i n A pril f or a $ 9. 4 billi o n c h e mi c al m a n uf a ct uri n g c o m pl ex t h at will e m pl o y s o m e 1, 2 0 0 w or k er s at a 2, 4 0 0- a cr e sit e al o n g t h e w e st b a n k of t h e Mi s si s si p pi Ri v er. C o n str u cti o n c o ul d b e gi n a s s o o n a s n ext y e ar a s p art of a 1 0- y e ar, t w o- p h a s e b uil di n g a n d d e v el o p m e nt pr o c e s s, p e a ki n g at 8, 0 5 0 c o n str u cti o n j o b s o v er a f o ur- y e ar p eri o d.

72

DI GI T S

• H o n e y w ell b e g a n o p er ati o n s at it s $ 3 0 0 milli o n a ut o m oti v e r efri g er a nt pl a nt l a st y e ar i n G ei s m ar. T h e c o m p a n y h a s i n v e st e d $ 9 1 5 milli o n i n L o ui si a n a f a ciliti e s i n t h e p a st f o ur y e ar s, i n cl u di n g t h e B at o n R o u g e pl a nt t h at m a k e s t h e S ol sti c e li n e of a er o s ol pr o p ell a nt s a n d f o a m i n s ul ati o n.

• S hi nt e c h L o ui si a n a ’s pr o p o s e d $ 1. 4 billi o n ex p a n si o n of it s I b er vill e P ari s h f a cilit y i s u n d er w a y i n Pl a q u e mi n e. T h e ex p a n si o n i n cl u d e s a n i nt e gr at e d p ol y vi n yl c hl ori d e ( P V C) m a n uf a ct uri n g f a cilit y, a d di n g 3 0 0 a cr e s t o t h e exi sti n g pl a nt.

• D o w C h e mi c al d e di c at e d $ 2 billi o n i n n e w c h e mi c al m a n uf a ct uri n g i n v e st m e nt s i n I b er vill e a n d W e st B at o n R o u g e p ari s h e s l a st y e ar, i n cl u di n g c o n str u cti o n of t w o n e w p ol y ol efi n pl a nt s, al o n g wit h o n e milli o n s q u ar e f e et of w ar e h o u si n g.

• Y u h u a n g C h e mi c al b e g a n c o n str u cti o n o n a $ 1. 8 5 billi o n m et h a n ol m a n uf a ct uri n g c o m pl ex al o n g t h e Mi s si s si p pi Ri v er i n St. J a m e s P ari s h i n 2 0 1 7. T h e pr oj e ct i s t h e fir st m aj or i n v e st m e nt i n L o ui si a n a b y t h e C hi n e s e fir m a n d i s ex p e ct e d t o b e c o m pl et e i n l at e 2 0 1 9.

A b y-t h e- n u m b er s l o o k at t h e C a pit al R e gi o n’s i n d u stri al m ar k et

5.71 % 6.78 % 29,349,113 3,811

I n d u stri al v a c a n c y r at e at t h e e n d of 2 0 1 7.

I n d u stri al v a c a n c y r at e at t h e e n d of 2 0 1 6.

S q u ar e f o ot a g e of i n d u stri al i n v e nt or y i n 2 0 1 7.

U nit s u n d er c o n str u cti o n i n 2 0 1 8.

63,476

S q u ar e f o ot a g e of i n d u stri al s p a c e u n d er c o n str u cti o n at t h e e n d of 2 0 1 7.

S OURCE: Co m mercial and Invest ment Division of the Greater Baton Rouge Association of Realtors and presented at the 2018 Baton Rouge TRE NDS se minar. More infor mation can be found at batonrougetrends.net.

Tr ust Us t o Pr ot e ct Y o ur L e g a c y.

At B X S I ns ur a n c e, o ur Pr e mi er Cli e nt S er vi c es gr o u p c at ers t o i n di vi d u als a n d f a mili es wit h el e v at e d p ers o n al ris k m a n a g e m e nt n e e ds. Y o ur l e g a c y d es er v es t h e a d v a nt a g e a n d s e c urit y of t h e d e di c at e d c o ns ult ati v e a p pr o a c h f or w hi c h w e ar e k n o w n. O ur u ni q u e str e n gt hs i n cl u d e: • • •

C ust o mi z e d i ns ur a n c e c o v er a g e f or hi g h- v al u e d h o m es, a ut o m o bil es, e x c ess li a bilit y, pri v at e c oll e cti o ns, y a c hts a n d m or e W orl d- cl ass t al e nt wit h t h e k n o w- h o w t o ass ess v ul n er a bilit y a n d pr o vi d e c o v er f or t h e m ost c o m pl e x ris ks, d eli v er e d t hr o u g h a l o c al pr es e n c e t h at e n a bl es us t o r es p o n d r a pi dl y w h e n u nf or es e e n e v e nts o c c ur O n g oi n g st e w ar ds hi p wit h a n u n w a v eri n g c o m mit m e nt t o c ust o m er s er vi c e e x c ell e n c e

L et us pr o vi d e y o u wit h s ol uti o ns d esi g n e d t o e x c e e d e x p e ct ati o n. b xsi. c o m

1. B X S I ns ur a n c e is a w h oll y o w n e d s u bsi di ar y of B a n c or p S o ut h B a n k. 2. I ns ur a n c e pr o d u cts ar e • N ot a d e p osit • N ot F DI C i ns ur e d • N ot i ns ur e d b y a n y f e d er al g o v er n m e nt a g e n c y • N ot g u ar a nt e e d b y t h e b a n k • M a y g o d o w n i n v al u e. 3. B X S I ns ur a n c e is a n i ns ur a n c e a g e nt a n d n ot a n i ns ur a n c e c arri er . 4. Al w a ys re a d y o ur p oli c y f or c o v er a g e t er ms a n d c o n diti o ns.

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0 5- 1 8

Real Estate Report 2018

C o nt a ct S h err y S oil e a u at s h err y.s oil e a u @ b xsi. c o m or 2 2 5- 3 3 6- 3 2 5 1 f or a c o m pli m e nt ar y p ers o n al ris k m a n a g e m e nt r e vi e w.

73

L O C ATI O N

I f y o u a r e l o o ki n g f o r t h e M O S T E F F E C TI V E P L A C E f o r y o u r c o m p a n y’ s a d v e r ti si n g m e s s a g e t o r e a c h t o p b u si n e s s d e ci si o nm a k e r s, w e h a v e t h e m a r k e t y o u w a n t.

E S S B U SI N R T R E P O

B O O K O F LI S T S

D AI L Y R E P O R T A M/ P M

F or e m ail K a t k ri c h m o or c

m o r e i n f o r m a ti o n E R RI E RI C H M O N D n d @ b u si n e s s r e p o r t. c o m all 2 2 5- 9 2 8- 1 7 0 0

E n gi n e eri n g ffir m s

R a n k e d b y t ot al n u m b er of l o c al, li c e n s e d pr of e s si o n al e n gi n e er s.

FIR M ADDRESS PHONE/ WEBSITE

MANAGING PRINCIPAL(S)

NO. OF LOCAL, LICENSED P.E. NO. OF LOCAL E.I.T.

I N D U S T RI A L R A N KI N G S

PREV. RANK

MAJOR PROJECTS

2

Bro w n & Root/ Wi nk E n gi neeri n g 8585 Archives Ave., Baton Rouge 70809 (225) 932-6000/bro wnandroot.co m/engineering

Andy Dupuy, Fred Mc Manus, Andy Farris

70 10

WND

2

1

G E C I nc.

8282 Good wood Blvd., Baton Rouge 70806 (225) 612-3000/gecinc.co m

Sherri Le Bas

62 5

I-49 design, build, and CE &I I-10 Willia ms Blvd. to Veterans Blvd.

Engineering services for coastal protection

3

6

Har grove a n d Associates Ralph Hargrove, Juli 4150 S. Sher wood Forest Blvd., Ste. 210, Baton Rouge 70816 Maniscalco (225) 227-2000/hargrove-epc.co m

56 11

Poly mer production plant expansion, $400 M

4

3

For d, Baco n & Davis LL C 12021 Lakeland Park Blvd., Baton Rouge 70809 (225) 292-0050/fbd.co m

Rick Moore, Ray Sher man

53 21

Retining projects, Louisiana and Texas Che mical projects, Louisiana and Texas Multiple sites, engineering alliances

5

5

C DI E n gi neeri n g 4041 Essen Lane, Ste. 100, Baton Rouge 70809 (225) 663-4601/cdicorp.co m

Allen Guiher, Robert Villio

41 16

Greentield Ore handling and processing facility Large Cap retinery and che micals projects Marine, rail and truck ter minal projects

6

4

A PTI M 4171 Essen Lane, Baton Rouge 70809 (833) 862-7846/apti m.co m

Tyson Hackenberg

24 8

Maintenance and modification services at nuclear facilities Ne w York Disaster Assistance Coastal Environ mental Services

7

7

Sta ntec Co ns ulti n g Services 500 Main St., Baton Rouge 70801 (225) 765-7400/stantec.co m

Michael Mc Gaugh, Steve Boudreaux, Michael Bruce

23 11

Essen Lane widening Govern ment Street road diet The Water Ca mpus

8

11

Arca dis U. S. 10352 Plaza A mericana Drive, Baton Rouge 70816 (225) 292-1004/arcadis.co m

Rudy Guichard, David Escude

22 1

Co mite River Diversion Canal hydraulic modeling project Pedestrian and bicycle master plan, E B R Parish Assisted contidential client che mical manufacture facilities

9

11

GI S E n gi neeri n g 450 Laurel St., Ste 1500, Baton Rouge 70801 (225) 408-0700/gisyeng.co m

Bruce Tho mas, Todd Berthelot

20 2

WND

10

9

Si g ma E n gi neers a n d Co nstr uctors 11585 Lake Sher wood Ave. North, Baton Rouge 70816 (225) 810-3100/sig maec.co m

Daniel Kais, Robert Olivier

19 5

Marathon M PLX Tank Far m RE G plant relocation Eco boiler

11

15

H NT B Cor p.

10000 Perkins Ro we, Ste. 640, Baton Rouge 70810 (225) 368-2800/hntb.co m

John Basilica, Bryan Jones

18 2

Tra mLink B R streetcar E B R Stor m water master plan Ascension Parish Transportation Progra m

12

10

Forte a n d Ta bla da 9107 Interline Ave., Baton Rouge 70809 (225) 927-9321/forteandtablada.co m

Ann Trappey, Chad Bacas, Joey Coco, Will Fontenot, Jordan Pearson

17 8

I-10 Essen Lane to LA 415 survey A mite River Basin survey Cook Road i mprove ments

13

8

AE C O M 7389 Florida Blvd., Ste. 300, Baton Rouge 70806 (225) 922-5700/aeco m.co m

Ji m my Rayburn, Dennis Reece

16 1

Mid- Barataria Sedi ment Diversion C P RA 2017 Coastal master plan Co m muter Kre we of Louisiana ride- matching progra m

15

G H D Services I nc.

5551 Corporate Blvd., Ste. 200, Baton Rouge 70808 (225) 292-9007/ghd.co m

Charles Munce, Troy Bernal, Frank Ed wards, Bill Fisher

16 4

WND

15

11

Eva ns- Graves E n gi neers (1) 9029 Jefferson H wy., Ste. 200, Baton Rouge 70809 (225) 926-1620/evans-graves.co m

John Graves

14 3

Port Ca meron G-2 (L N G) Louis Ar mstrong Ne w Orleans International Airport (air tield)

16

NR

E n gi neers a n d Co nstr uctors I nter natio nal 2638 S. Sher wood Forest Blvd., Ste. 100, Baton Rouge 70808 Renee Stevenson (225) 293-7768/eci-la.co m

13 40

For mosa Plastics Texas L D PE expansion Sabic Europe L D PE expansion Fujian Gulei L D PE expansion

17

17

Si g ma Co ns ulti n g Gro u p 10305 Airline H wy., Baton Rouge 70816 (225) 298-0800/sig macg.co m

Miles Willia ms

9 2

I-10 widening, E B R and Ascension I-10 Corridor Study, E B R SS O progra m manage ment, E B R

18

21

Assaf, Si mo nea ux, Ta uzi n & Associates/ A ST E n gi neers 8417 Kel wood Ave., Baton Rouge 70806 (225) 926-5600/astengineers.us

Kirk Si moneaux, Christopher Tauzin, Michael Doyle, Jordan Fish

8 3

LS U Patrick F. Taylor Hall Water Institute of the Gulf, The Center for Coastal & Deltaic Solutions LS U Center for River Studies

19

Fox- Nes bit E n gi neeri n g 9100 Bluebonnet Centre, Ste. 301, Baton Rouge 70809 (225) 293-6595/fox-nesbit.co m

Ryan Nesbit, Travis Fox

8 5

OL OL Heart & Vascular To wer St. George Catholic Church Ochsner Medical Center at The Grove

NR

SJ B Gro u p 8377 Picardy Ave., Baton Rouge 70809 (225) 769-3400/SJ B Group.co m

Wilfred Barry

8 WND

LA D OT D C P M scheduling retainer contract LA D OT D surveying retainer contract LA D OT D Chef Menteur Pass bridge and approaches Researched by Sierra Cru mp

|

N R = Not ranked. W N D = Would not disclose. P.E. = Professional Engine ers. E.I.T. =Engineering Interns. Infor mation presented was prov ided upon request by co mpany representatives, and Business Report assu mes the data are accurate and truthful. Not all area engine ering tir ms are sho wn, only those providing requested infor matio n with eight or more local, licensed professional engineers. Engineering fir ms featured in Business Report 's List makers must have at least one location or facility located in the nine-parish Capital Region, unless other wise noted. If you would like your co mpany to be considered for next year’s list, or if there are any corrections or additions, please e mail scru mp @businessreport.co m.

(1) 2017 data. Fir m was unable to update infor mation at the ti me of publication.

Real Estate Report 2018

1

75

I n d u stri al c o n str u cti o n ffir m s

| Real Estate Report 2018

I N D U S T RI A L R A N KI N G S

R a n k e d b y n u m b er of l o c al e m pl o y e e s.

76

PREV. RANK

CO MPANY

ADDRESS PHONE/ WEBSITE

TOP LOCAL EXECUTIVE(S)

NO. OF LOCAL E MPLOYEES

GROSS REVENUE 2017

1

1

T ur ner I n d ustries Gro u p

8687 United Plaza Blvd., Baton Rouge 70809 (225) 922-5050/turner-industries.co m

Roland Toups, Tho mas Turner, Billy Guitreau

10,248

$2,496,904,707

2

2

Bro w n & Root

2600 Citiplace Drive, Ste. 500, Baton Rouge 70808 (225) 778-7655/bro wnandroot.co m

Andy Dupuy, Fred Mc Manus, Jonathan Batarseh

8,800

$820,000,050

3

3

Perfor ma nce Co ntractors

9901 Perfor mance Way, Baton Rouge 70810 (225) 751-4156/perfor mance-br.co m

Art Favre, Kevin Courville, Julius Mabile, Lee Jenkins, Willie Lefever, Christian Fast, Dane Bailey, Matt Villere

5,500

$1,115,000,000

4

6

E X C EL

8641 United Plaza Blvd., Baton Rouge 70809 (225) 408-1300/excelusa.co m

David Roberts

3,849

$510,000,000

5

4

I S C Co nstr uctors

20480 Highland Road, Baton Rouge 70817 (225) 756-8001/iscgrp.co m

Ed ward Rispone, Jerry Rispone

2,770

$312,600,000

6

8

T he Ne wtro n Gro u p

8183 W. El Cajon Drive, Baton Rouge 70815 (225) 927-8921/thene wtrongroup.co m

Ne wton Tho mas, John Sche mpf

2,700

$485,000,000

7

4

Caj u n I n d ustries

15635 Airline H wy., Baton Rouge 70817 (225) 753-5857/cajunusa.co m

Todd Grigsby, Mike Moran, Milton Graugnard, Shane Recile

2,500

$616,336,000

8

9

Bo h Bros. Co nstr uctio n Co.

8706 Jefferson H wy, Ste. A, Baton Rouge 70809 (225) 753-0100/bohbros.co m

Jeff Plauche

900

$242,000,000

9

10

Pala Gro u p

16347 Old Ha m mond H wy., Baton Rouge 70816 (225) 272-5194/palagroup.co m

Jorge Tarajano, Scott Barringer, Gay Young

530

$101,595,791

10

11

Barriere Co nstr uctio n Co. (1)

11328 Cedar Park Ave., Baton Rouge 70809 (225) 753-1121/barriere.co m

George Wilson, Peter Wilson, Bert Wilson, Matt La m mon, Robert Sengle men, Matt Woods, Ji m Breland, Doug Olsen, David Mayer, Heath Wahden, Chris Willia ms, Jason Latiolais

520

WND

11

12

A PTI M

4171 Essen Lane, Baton Rouge 70809 (833) 862-7846/apti m.co m

Tyson Hackenberg

400

$2,200,000,000

12

13

West gate

1355 Beaulieu Lane, Port Allen 70767 (225) 749-2635/ westgatellc.co m

John Thigpen, Ti m Thigpen

300

$32,000,000

13

14

Tra de Co nstr uctio n Co m pa ny

17043 Joor Road, Zachary 70791 (225) 654-7741/tradeconstruction.co m

Brennan Easley, Andi Kirkpatrick

280

WND

14

17

Volks Co nstr uctors

17474 Old Jefferson H wy., Prairieville 70769 (225) 673-3236/volksconstructors.co m

La wson King, LaAnn Ada ms, Steve Munsell, Karl Beadle, Chetta Hudson

279

$35,199,000

15

15

Gro u p I n d ustries

15055 Jefferson H wy., Baton Rouge 70817 (225) 752-2500/group-industries.co m

David Arrighi Sr., Shane Kirkpatrick, Donn Peterson

275

$88,500,000

16

16

Bear d Co nstr uctio n Gro u p

3970 Rosedale Road, Port Allen 70767 (225) 387-2339/beardconstructiongroup.co m

Ja mes Beard, Keith Cole man, L. Grant Witty, Matt Milton

218

$43,000,000

W N D = Would not disclose. Infor mation presented was provided upo n request by co mpany representatives, and Business Report assu mes the data are accurate and truthful. Not all area industrial construction tir ms are sho wn, only those providing requested infor mation with 218 or more local e mployees. Industria l construction tir ms featured in Business Report 's List makers must have at least one location or facility located in the nine-parish Capital Region, unless other wise noted. If you would like your co mpany to be considered for next year’s list, or if there are any corrections or additions, please e mail scru mp @business report.co m.

(1) 2017 data. Fir m was unable to provide updated infor mation at t he ti me of publication.

Researched by Sierra Cru mp

IN THE KN O

W

SP O NS O RE D C O NTE NT

S P O N S O R E D B Y:

B URNING D O WN THE H O USE

L O UI SI A N A FI R E E X TI N G UI S H E R, I N C.

H O W T O K E E P Y O U R F A MI L Y A N D H O M E S A F E F R O M FI R E.

“ Fir e s pri n kl er s a n d s m o k e d et e ct or s r e d u c e t h e ri s k of d e at h i n a fir e b y 8 0 %,” B a k er s a y s. D e s pit e t hi s al ar mi n g st ati sti c, f e w h o m e o w n er s c h o o s e t o i n st all t hi s lif e s a vi n g i n v e st m e nt i n t h eir h o m e. B e si d e s t h e o b vi o u s s af et y b e n e fit s, d oi n g s o al s o o ff er s fi n a n ci al p er k s: B a k er n ot e s t h at a h o m e fir e s pri n kl er s y st e m c a n r e d u c e h o m e o w n er s’ i n s ur a n c e r at e s b y 5 % t o 2 5 %. H o m e fir e s pri n kl er s will s o o n b e c o m e c o d e - m a n d at e d i n n e w - h o m e c o n str u cti o n i n L o ui si a n a, b ut r etr o - fitti n g ol d er h o m e s i s a wi s e d e ci si o n.

Mi s c o n c e pti o n s a b o ut s pri n kl er s y st e m s oft e n pr e v e nt p e o pl e fr o m i m pl e m e nti n g o n e i n t h eir h o m e. C o m m o n w orri e s i n cl u d e t h e mi s c o n c e pti o n t h at a fir e i n o n e r o o m will a cti v at e t h e e ntir e s y st e m, or t h at a mi s firi n g s pri n kl er h e a d will c a u s e e x c e s si v e w at er d a m a g e. “ M o vi e s al w a y s s h o w s pri n kl er s g oi n g o ff e v er y w h er e,” s a y s B a k er. “I n tr ut h, o c c urr e n c e s of mi s firi n g s pri n kl er h e a d s ar e e xtr e m el y r ar e.” S y st e m s ar e d e si g n e d s o t h at o nl y t h e s pri n kl er h e a d s dir e ctl y a ff e ct e d b y t h e h e at of a fir e b e c o m e a cti v at e d, n ot t h e w h ol e s y st e m.

I n m o st c a s e s, o n e s pri n kl er h e a d will c o nt ai n or e xti n g ui s h t h e fir e b ef or e it gr o w s.

S o m e s y st e m s c a n b e d e si g n e d t o al ert t h e l o c al fir e d e p art m e nt i n t h e c a s e of a cti v ati o n, a n d ot h er s c a n ti e i nt o a h o m e’ s s e c urit y s y st e m. C o nt a ct R o b ert B a k er at r b a k er @ l o ui si a n a fir e. c o m or 2 2 5. 9 2 4. 2 4 2 1 t o l e ar n m or e a b o ut pr ot e cti n g y o ur h o m e or b u si n e s s.

FI R E F A C T S M or e t h a n 8 o ut of 1 0 fir e -r el at e d d e at h s o c c ur i n t h e h o m e.

Y o u h a v e j u st 3 t o 5 mi n ut e s of e s c a p e ti m e d uri n g a fir e.

Fir e d e p art m e nt r e s p o n s e ti m e s a v er a g e b et w e e n 4 a n d 8 mi n ut e s.

H o m e r e p air s aft er a fir e ar e 8 6 % l e s s i n h o m e s wit h a fir e s pri n kl er s y st e m.

O n a v er a g e, it t a k e s 1. 5 mi n ut e s f or a fir e s pri n kl er h e a d t o a cti v at e.

I n st alli n g fir e s pri n kl er s i n a 2, 0 0 0 - s q u ar e -f o ot n e w c o n str u cti o n h o m e c o st s b et w e e n $ 6, 0 0 0 t o $ 8, 0 0 0.

T h e n ati o n al a v er a g e c o st t o r e p air r e si d e nti al fir e d a m a g e i s b et w e e n $ 1 1, 0 0 0 a n d $ 2 5, 0 0 0.

S pri n kl er s c o st ar o u n d t h e s a m e pri c e a s i n st alli n g a h e at e d b at ht u b or r e p a vi n g a dri v e w a y.

Fir e s pri n kl er s ar e o nl y s et o ff b y h e at. S m o k e will n ot c a u s e a fir e s pri n kl er t o a cti v at e. S pri n kl er t e c h n ol o g y h a s t h e a bilit y t o di sti n g ui s h h e at fr o m a ct u al fl a m e s, v er s u s h e at fr o m s m o k e.

Real Estate Report 2018

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P H O T O C R E DI T: H F S C

A

h o m e b ur n s e v er y 8 5 s e c o n d s i n t h e U. S. a n d m or e t h a n 3, 0 0 0 li v e s ar e l o st e v er y y e ar.

W e s p o k e t o R o b ert B a k er, s pri n kl er d e p art m e nt m a n a g er at L o ui si a n a Fir e E xti n g ui s h er I n c., t o l e ar n h o w t o b ett er m a n a g e t h e ri s k. T hi s f a mil y - o w n e d c o m p a n y w a s t h e fir st i n t h e st at e t o r e c ei v e a L o ui si a n a Fir e M ar s h al li c e n s e, a n d h a s m a d e pr ot e cti o n of lif e a n d pr o p ert y it s b u si n e s s si n c e 1 9 4 9.

77

D E V E L O P M E N T / C O N S T R U C TI O N / R E A L E S T A T E

VAL H ALL A

G at e d E st at e L ot s F or S al e o n Hi g hl a n d R o a d 6 L O T S A V AI L A B L E

4 2 2 0 B L U E B O N N E T B L V D, S UI T E B â– B A T O N R O U G E, L A 7 0 8 0 9

M E R C A N TI L E O F FI C E P A R K BL UE B O N NET B O ULE VA R D

T OJE

F or L e a s e/ B uil d T o S uit 2, 5 0 0- 6, 0 0 0 s q ft N o w U n d er C o n str u cti o n, Pr e- L e a si n g

P E R KI N S L A N E R O W H O U S E P E R KI N S L A N E

T o w n h o m e s f or s al e H e art of S o ut h d o w n s O N L Y 1 H O M E A V AI L A B L E

FFE R

SON

H WY

T O I10

C O U NT R Y CL U B PL A CE

CI T Y F A R M O F FI C E P A R K

B R E N T W O O D D RI V E

J E F F E R S O N HI G H W A Y

D et a c h e d Si n gl e F a mil y H o m e sit e s F O R S A L E A dj a c e nt t o B at o n R o u g e C o u ntr y Cl u b 3 L O T S A V AI L A B L E

F or L e a s e/ B uil d t o S uit A dj a c e nt t o T o w n e C e nt er 2 P A D SI T E S A V AI L A B L E

( 2 2 5) 6 7 8- 01 3 3 ■ B RI A N @ D A N TI N B R U C E. C O M ■ D A N TI N B R U C E. C O M

C H A N GI N G T HE B AT O N R O U GE RE AL E STATE

L A N D S C A PE F O R O VE R 30 YE A R S B at o n R o u g e h a s c h a n g e d q uit e a bit o v er t h e l a st 3 0 y e ar s b ut o n e c o n st a nt i n t h e r e al e st at e m ar k et h a s b e e n K ur z & H e b ert C o m m er ci al R e al E st at e, I n c. W e’ v e b e e n a gr e at c at al y st of c h a n g e a n d a g gr e s si v el y p ur s u e d t h e u ni q u e o p p ort u niti e s i n t h e e v er- c h a n gi n g r e al e st at e e n vir o n m e nt. N o b o d y k n o w s t h e B ar o n R o u g e m ar k et li k e K ur z & H e b ert.

G et A Fr o nt S e at...

O p e n Y o ur E y e s...

E nj o y T h e Ri d e...

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