If you are planning on a commercial real estate purchase or starting up a business, you may have wondered about funding options including venture capital. You may wonder what venture capital is and if it is a good option for you so having some answers can help.
Commercial real estate opportunities are all around which is why those interested in a purchase or a sale, should be familiar with the process. A shopping center in Baton Rouge was recently purchased for over $4 million. A Baton Rouge entity purchased the 14,398 square foot shopping center for $4.075 million. The shopping center is comprised of 3 stand-alone buildings, a stand-alone restaurant and 2 strip mall shopping centers. It was built in 2000 and is near an office development and surrounded by neighborhoods. The shopping center boasts national, regional and local tenants.
In many instances, the importance of a successful real estate transaction cannot be overstated. This is true in the context of commercial real estate and residential real estate and the success or failure of a real estate transaction can have a potentially significant impact on a business.
There is a lot to know when acquiring property and planning a construction project but there are also many legal tools and resources to help address those concerns. A Petroleum company recently purchased a 2.8 acre tract of land in Louisiana to build a convenience store on. The deal was filed in East Baton Rouge and noted that the company paid $1.5 million for the vacant piece of land. A spokesperson for the company noted that it plans to open a convenience store on the site in 2019.
There are different methods of addressing an unfavorable zoning ordinance and one of them may be to seek a variance. When zoning laws are concerned, it can be helpful to understand the different legal tools and options available to help property owners when zoning-related issues pop up.
When considering commercial real estate, financing options are always an important consideration and may also sometimes be a concern. While there are many different options, one option to understand is asset-based lending.
Zoning is essentially the regulation of land use by the government for planning purposes, among others. Zoning laws can come into conflict with the interests of a property owner or developer and are an important aspect of commercial real estate and real estate law to understand.
This blog recently discussed the importance of parties protecting themselves during a commercial real estate transaction. A Baton Rouge office building recently sold for $746,000 and is considered a unique office building for the area. The building is a 4,200 square foot building. The office building also backs up to a swamp. A representative for the buyer in the transaction noted that it can be challenging to find office buildings that are free standing and between 4,000 and 5,000 square feet.
The success of a commercial real estate transaction or other real estate transaction can depend on a variety of legal or other considerations. As a result, when contemplating a commercial real estate transaction or other real estate transaction it is helpful to be familiar with the moving parts and legal protections.
Commercial real estate is big business in Baton Rouge - and across Louisiana. It is intertwined with all of the state's major economic sectors, from oil and gas extraction and refining, to tourism, shipping, construction and banking. If there is an industry that needs property to operate, commercial real estate will inevitably be implicated.