Baton Rouge is seeing and will continue to see, some revitalization to two well-known towers in downtown. Best known as the 'Chase Towers,' these buildings have been a staple in Baton Rouge commercial real estate since the 1960's and have been home to many businesses and corporations over the years. Since the buildings have some age, they have fallen into a place where renovations and repairs are needed. The new owner of the south tower (also the current owner of the north tower) claims to have a plan to spend in the 7 figures to revitalize the building.
When two or more parties come together and agree to do business or to partner together to achieve common goals, the entire process from start to finish can seem somewhat intimidating. Sometimes, parties in a commercial real estate transaction have little to go on at first, sometimes, just a smile and a handshake. This is especially true if looking to begin a project related to the development or construction of commercial real estate. When the agreement begins to take shape, there are a number of measures a party can take to protect themselves in these situations.
A large land parcel has sold to an undisclosed inventory in the Louisiana Austin Chalk play region. This region, well known for its rich oil deposits, has been on the radar for those looking to purchase commercial real estate. While the buyer is currently 'undisclosed', it is reported that they have significant experience in drilling.
Venture capital was a phrase thrown around often in the 90's in association with the 'dot.com' craze. However, venture capital didn't die with that financial trend. Rather, venture capital is alive and well both as a source of business building in the Baton Rouge area and as a source for achieving ownership of a commercial property in order to better operate and grow a successful business. There are several ways to source venture capital, whatever the goal of your business.
When thinking about a commercial real estate transaction, it isn't the average sale or purchase of a residential property that the average Louisiana resident may encounter. Commercial real estate can be purchased or sold for a variety of reasons and price points: from the smallest sale or purchase of land or a large acquisition or sale in the millions of dollars. There are plenty of reasons why a business may want to explore these options, most important for the reason of moving the business forward.
When it comes to real estate, the key is to success is purchasing at a lower valuation than it is worth or than it can be developed to be. Usually some elbow grease and investment is needed in order to develop commercial real estate to its full potential. By full potential, we mean its full valuation. In a large purchase by a local Baton Rouge company, nearly five acres of commercial real estate was purchased for nearly $1 million.
When jumping into a commercial real estate transaction, it may be your first time or a somewhat familiar process. Either way, every commercial real estate transaction has nuances that make each deal different from the deal done before it. Whatever the deal, commercial zoning laws will likely impact how the building or deal is done. Whether in how the building is repurposed, or how it is built, commercial zoning can greatly impact that decision.
Developers in Louisiana play an important role in the state's economy. By executing commercial real estate sales and purchases, businesses obtain the space needed to grow and become fruitful, or conversely, are able to wind down the affairs of the business should the business decide to sell. Many times these transactions go through without many hiccups in the process. Other times, however, significant disputes arise in when executing a real estate transaction, leading to litigation.
Many people immigrate to the United States in hopes of paving the way towards a future they could never have in their old country. In Louisiana and across the nation, it is possible for a person to start their own business, and see it grow and thrive. In fact, while only 13.5 percent of the population of the United States consists of immigrants, 27.5 percent of new small business owners in the United States are immigrants.
It used to be the thing for teenagers and other shoppers to do -- hang out at the mall. Malls had a variety of stores, so just about anyone could find one they liked. However, recently, malls and other commercial retailers have been suffering financially.