Stirling Investment Advisors (SIA), a division of Stirling Properties, recently brokered the sale of Sawgrass Point, a 272-unit, Class-AA multifamily property in the Baton Rouge submarket of Gonzales, Louisiana. The buyer was Passco Companies, a privately held California-based commercial real estate company. Chad Rigby, CCIM and Saban Sellers with SIA, and Telly Fathaly with Walker …
Stirling Investment Advisors (SIA), a division of Stirling Properties, recently brokered the $34 million sale of Tuscany Villas, a 274-unit, Class-A multifamily asset in Baton Rouge, Louisiana. Chad Rigby, CCIM, Managing Director-Multifamily Sales, and Saban Sellers, Investment Advisor-Multifamily, represented the buyer and seller in the transaction. Constructed in 2008, Tuscany Villas is located on South …
2020 was a year of uncertainty. So much so it’s become a buzzword. But uncertainty is evident in everything—COVID-19, shutdowns, jobs, stimulus, a vaccine. In our industry, there’s uncertainty in which retailers will survive, which tenants will be able to pay rent, what deals will lenders lend on, what deals are investors looking for? The …
Challenge Stirling Investment Advisors was tapped to sell a newly developed medical office building in New Orleans, Louisiana. Although the facility was fully leased to a major healthcare provider, the lease structure included a purchase option in favor of the tenant. The property was brought to market during the onset of the COVID-19 pandemic, which …
Continue reading “Cast the Widest Net to Achieve the Highest Price”
Challenge Stirling Investment Advisors was engaged in selling a unique investment property for a client in Baton Rouge, LA. The opportunity included a garden office building and a multi-tenant warehouse. The property was 100% occupied, well-maintained and located in a highly sought-after area near the Country Club of Louisiana. The office building served as back-office …
Continue reading “When Timing, Location & Pricing Work in Harmony”
Real estate investors and owners across the spectrum are still working to fully understand the impact of the COVID-19 pandemic on their assets, tenants and financing structure. While the initial blows of the crisis are in the past, there is still a gradual and uneven recovery process ahead. How many more store closures are on …
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