The former BIG Mitsubishi dealership on North Interstate Drive, fronting I-12, sold yesterday to North Interstate, LLC, represented by H. N. “Hank” Saurage IV.

Hank Saurage has purchased the former Levis Mitsubishi site on 9330 North Interstate Drive for $1.8 million.

A new breed of lenders is providing capital in today’s market.

Hank Saurage has purchased the old BIG Mitsubishi dealership near Interstate 12 and Airline Highway for $1.8 million.

According to a recent survey by CB Richard Ellis ( link provided below), CAP rates in some of the larger capital markets are starting to come down…

Despite recent positive trends indicating a turn-around in our local markets, the recently released RERC/CCIM Investment Quarterly 1st Q 2010 Review tells a slightly different story and can best be summarized to say that commercial real estate activity remains weak as a whole from a national perspective…

Have you heard about the new 504 program being touted by the Obama administration? It is a new program designed to increase loans to small businesses. It also includes lending for the acquisition and improvement of commercial real estate.

With the commercial real estate industry still in an economic tailspin, now is the time for property owners to look at their existing portfolios and monetize any untapped opportunities…

What is Cost Segregation? This IRS-approved application simply allows commercial property owners to accelerate depreciation and reduce taxes…adding cash flow.

Saurage Commercial Real Estate would like to congratulate Associate Broker and Retail Specialist Carmen Austin, MBA, CCIM who was installed on December 3, 2009 as the 2010 President of the Louisiana CCIM Chapter.