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CASTRO REAL ESTATE SERVICES WAS FOUNDED WITH THE GOAL OF HELPING CLIENTS WITH ALL THEIR REAL ESTATE NEEDS, ONE CLIENT AT A TIME.
How Listing Agreements Are Changing Following the NAR Settlement Agreement
2020
In Business Since
262
Transactions
524
Clients Served
NEWS & RESOURCES
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Commercial
Who’s building and who’s buying in Greater Baton Rouge
By Jordan Arceneaux
Here is a glance at the latest property transactions and issued permits in East Baton Rouge, Ascension and Livingston parishes.
East Baton Rouge Parish
Doyle Electric President Beau Leitner purchased an office warehouse property on Jefferson Highway near Tiger Bend Road through H3 Holdings LLC from the Baton Rouge chapter of the National Electrical Contractors Association for $750,000.
The EBR Council on Aging bought the former Save-A-Lot Food Store property on Evangeline Street from Texas company JYD Baton Rouge LLC for $675,000. EBRCOA CEO Tasha Clark-Amar represented the buyer and Bruce Derrick represented the seller.
Greater Baton Rouge Business Report
Residential
CPI Says Rents Are Up. Multifamily Owners Don't Believe It
By Erika Morphy
A CPI rent reading says U.S. rents have risen 3.3 percent over the past two years. However, multifamily owners hear that number and wonder what planet the statisticians are living on. In much of the market, effective rents have been flat to negative once concessions are accounted for; yet, the official gauge that drives interest-rate policy still shows steady growth.
That disconnect — between lived reality in multifamily and the Consumer Price Index's rent measures — was a discussion point in a recent Walker & Dunlop webinar, "The Most Insightful Hour in CRE," featuring Willy Walker, chairman and chief executive officer of the firm and Peter Linneman, principal of Linneman Associates and longtime Wharton real estate economist. In it, both men questioned why the data appears so detached from what sophisticated owners have experienced for the past two years.
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