Article submitted by Bill Jeansonne, Commercial Investment Specialist for Saurage Rotenberg Commercial Real Estate
Written by Rich Rosfelder March – April 2012 Commercial Investment Real EstateInvestors and real estate professionals operate in a very different business environment than just a few years ago. This is true both because of the changed economy and the rapid developments in technology/information access. Because of these factors, it should not be surprising that the March/April 2012 cover story for the CCIM publication of Commercial InvestmentReal Estate was “Small(er) Markets, Big Opportunities.”
Keep in mind that the 2012 issue of the Baton Rouge Business Report’s Market Factbook summarizes the latest list of how the Capital Region “Stacks Up.” Without a doubt, the Baton Rouge metro area is nationally recognized as a significant “Secondary Market.”
In the Commercial Investment Real Estate article by Rich Rosfelder, his opening statement is “Commercial real estate investors are ready for a bit of risk. According to a 2011 Colliers survey, more than half of U.S. investors surveyed are prepared to move out of their comfort zones in search of higher returns. Their adventures will lead them straight to non-core markets.”
So consider those investment opportunities highlighted by technology while in light of our local position relative to the national market. Rosfelder further states under the topic of “Where the Action Is: Aside from the promise of higher yields, what’s drawing investors to secondary and tertiary markets? The simple answers jobs—and the prospect of more jobs.”
In my perspective, the Baton Rouge region is well placed for job increases and for the other positive economic changes in the near term; investor interest could positively impact our region’s long term success.
To read the Commercial Investment Real Estate magazine article in its entirety click HERE
To view this week’s Featured Property click HERE.
Bill Jeansonne, a native of Alexandria, Louisiana, received both his undergraduate degree and master’s in business administration (MBA) from Louisiana State University (LSU). Bill has 13 years experience in the commercial and industrial real estate business and 14 years experience in commercial and industrial warehouse design and sale of handling equipment. His specializations include commercial and industrial development, brokerage, and leasing, as well as lease negotiations and tenant build outs.
A Designee member of the Certified Commercial Investment Member Institute (CCIM), Bill’s professional memberships include Baton Rouge’s Commercial Investment Division (CID), the LSU MBA Alumni Association, a founding member of the board of managers for the Louisiana Commercial Data Base (LACDB), a member of Louisiana REALTORS® (LR), a member of the National Association of REALTORS® (NAR), and a member of the International Council of Shopping Centers (ICSC). Bill has also served as a president of CID, a chairman of the CID Trends Program, a chairman of the LSU MBA Alumni Association Louisiana Looking Up Program, and on the Baton Rouge Area Chamber (BRAC) Trends committee. His current civic affiliations and past service include board chairman of the Baton Rouge Speech and Hearing Foundation, president of the Capitol SERTOMA Club of Baton Rouge, member of the Cadets of the Ole War Skule, and an alumnus of Omicron Delta Kappa (OΔK).
Saurage Rotenberg Commercial Real Estate is a member of the Baton Rouge Area Chamber of Commerce (BRAC); the West Baton Rouge Chamber of Commerce; the Baton Rouge Growth Coalition; the Baton Rouge Better Business Bureau; the Louisiana Commercial Data Base (LACDB); and the International Council of Shopping Centers (ICSC). Several agents, on an individual basis, are members of the Society of Industrial and Office Realtors® (SIOR), the Certified Commercial Investment Member Institute (CCIM); the National Association of REALTORS® (NAR); and the Greater Baton Rouge Association of REALTORS® Commercial Investment Division (CID).
