By Bill Jeansonne, CCIM, Commercial Investment Specialist for Saurage Rotenberg Commercial Real Estate
We, in south Louisiana, are in a secondary market from the standpoint of national commercial real estate, so an article focused on growth in secondary markets may pique the interest of investors evaluating opportunities in our market.
The article entitled “Back to Basics” by Drew Demers in the September/October 2016 issue of Commercial Investment Real Estate features some of the factors which have strengthened to support interest in secondary markets.
Other than the stabilization of property values and escalation of market values, more subtle attention has been given to investments from a national perspective;
- Lending institutions have improved capacity to handle internal matters
- Judicial system with a diminished case load of distressed properties and commercial loans
- Many domestic banks are shedding large volumes of loans to avoid regulatory scrutiny.
In the author’s estimation, “Choice deals in core markets have dwindled, so leading investors migrate toward tertiary markets…”
Given the current impact of petroleum prices and weather related disruption, investors may indeed review opportunities in this market.
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 18 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 and president of the Capitol SERTOMA Club of Baton Rouge. He is currently a member of the Cadets of the Ole War Skule, an alumnus of Omicron Delta Kappa (OΔK), and a member of the Lakeshore Lions Club.
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 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).
