Article submitted by Colin Penny, Sales and Leasing Agent for Saurage Rotenberg Commercial Real Estate, LLC
Written by Konrad Putzier for The Wall Street Journal | February 5, 2019
A strong economy helped lift commercial real-estate sales to near-record levels last year, and many investors are counting on low interest rates to keep sales going in 2019.
The value of commercial properties that sold for $2.5 million or more came to $562.1 billion in 2018, according to research firm Real Capital Analytics.
Read more... (Subscription required)
Colin Penny joined the Saurage Rotenberg Commercial Real Estate, LLC team in 2018. He obtained a bachelor’s degree from Louisiana State University (LSU) in marketing analytics in the same year. To contact Colin you can call (225) 766-0000 or email him at colin@sr–cre.com.
Saurage Rotenberg Commercial Real Estate, LLC is a member of the Baton Rouge Area Chamber of Commerce (BRAC); the West Baton Rouge Chamber of Commerce; 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).
