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Commercial
A new Target store is planned for the Capital Region
By Jordan Arceneaux
Retail giant Target is planning a new store in Livingston Parish.
A listing on the Louisiana Commercial Database shows Target outparcels available for lease, including a site plan for a 128,000-square-foot store at the northwest corner of Juban Road and Juban Crossing Boulevard.
The plan also outlines a roughly 75,000-square-foot junior anchor space adjacent to Target, with proposed tenants, including Homesense, Burlington Coat Factory, Sierra, Trader Joe’s and another retailer.
Livingston Parish Assistant Planning Director Natalie Allen tells Daily Report that the planning department has received plans for the Target store, which are under review by engineers. The project has not yet been placed on a public meeting agenda. Once the review is complete, it will be added, she says.
Baton Rouge Business Report
Residential
Multifamily housing leads CRE bid competition in October
By Diana Olick
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.
July marked a turning point in competition for commercial real estate properties, with bids rising for the first time in more than a year. That trend continued into October.
Bidder dynamics during the month saw the second-highest monthly gain over the past year, according to JLL’s Global Bid Intensity Index. Competitiveness continues to improve, partly due to interest rate cuts by the U.S. Federal Reserve in September and October.
CNBC.com
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