Introducing Compass Capital Realty – Our New Property Management Division

Logan H. Babin, Inc., a licensed real estate brokerage in Louisiana, has created a new property management company: Compass Capital Realty.

Compass Capital Realty is a local commercial and residential property management company dedicated to making your life as an owner or investor easier and more successful. We leverage our long-standing experience in the Terrebonne and Lafourche area to bring your asset personal attention and local expertise. We also bring new strategies and technologies to make it operate the most efficient and profitable as possible.

Compass Capital Realty is powered by state-of-the-art technology, but we still operate on a traditional model of treating people the way we would want to be treated and offering an exceptional level of service. If you own an existing investment property but don’t want to go through the day-to-day trouble of managing it, we’ll take care of everything so that you can finally enjoy a profitable hands-off approach.

We are a single, turnkey source for all the property management needs of our investors and owners. Here are just a few of the many ways we can serve you:

  • Effectively market properties and fill vacancies sooner;
  • Price rentals right for the market and reduce vacancies;
  • Screen for the best residents;
  • Help you get paid faster and more securely by collecting rent with online payment options;
  • Provide owners with on-demand access to property statements;
  • Handle property maintenance issues faster and more cost effectively.

We will follow our moral Compass in all activities, thus building trust and fostering the type of intimate, long-lasting relationship that we strive for.

At the end of the day, Compass Capital Realty delivers a premium service and proudly offers the whole suite of real estate services with the integrity and high performance you deserve. We work hard because we believe that as partners we will succeed together.


“At Compass Capital Realty, we will deliver exceptional service and efficient operations to solve all of your property management and real estate needs. We look forward to getting to know you and working to make you more successful”

– Jourdan Despot, Manager of Compass Capital Realty


Contact Information

Website: www.compasscapitalrealty.com

Direct Line: (985) 438-1893

Address: 400 Lafayette St., Houma, LA 70360

Jourdan’s Email: jdespot@loganbabin.com.

Logan Babin Real Estate DBA Compass Capital Realty is licensed by the Louisiana Real Estate Commission

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Logan Babin Adds Another New Team Member – Jourdan Despot

Logan Babin Real Estate is pleased to announce the newest member of our company, Mr. Jourdan Despot.  As our brokerage business has continued to expand in recent years, it was imperative for our company to grow in order to provide the same level of quality service to our clients.

Jourdan is now a Louisiana Licensed Real Estate Salesperson and can assist you with any of your property management and real estate needs.  He is a member of the National Association of Realtors, the Louisiana Realtors Association, and the Bayou Board of Realtors.

Jourdan will be playing a vital role by managing our new property management division, Compass Capital Realty.  This addition is in alignment with our company goal to continue to offer the very best service and direction to our clients.

Please contact Jourdan if you or your business is in the market to buy, sell, or lease real estate!   Not only can he serve you in South Louisiana, but he can assist you though referrals in all of Louisiana or other states.

Jourdan can be reached via phone at (985) 438-1893 or email at jdespot@loganbabin.com.

To read more about Jourdan’s background, you can visit our company page at www.loganbabin.com/our-company

LOGAN BABIN REAL ESTATE – Local Knowledge.  National Reputation.

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SOLD – Client Purchases Facility from Halliburton

116 Venture Blvd.

One of Houma’s recently vacated light industrial facilities will soon be the new home to a local, family-owned Surveying, Engineering, and Environmental Services firm. Logan Babin Real Estate is pleased to announce the purchase of the former Halliburton facility at 116 Venture Blvd. in Houma by H4, LLC. Morris P. Hebert, Inc., which opened in Houma in 1980 and now has offices in several states, plans to occupy the former oilfield services yard as its new corporate headquarters.

The property contained 6 lots (totaling 6.282 acres) in the industrial business parks off of Highway 311 and had multiple buildings with 68,200 SF of Gross Building Area.  Approximately 10,200 SF was office space while the remaining 58,000 SF was spread out in 7 other warehouse and shop buildings.  The site was improved with almost 90-95% coverage of heavy concrete.

“When the facility was listed this summer, our firm had multiple clients that were interested,” said Logan “Hank” Babin, III, co-agent for the buyers.  “This included publicly traded, global energy firms as well as local investors.  But we knew that MPH was planning on a new headquarters and we thought this may be a good alternative for them.  After careful study, they agreed and we are pleased that we were able to facilitate a transaction that will help this local, family-owned business continue to expand.”

This transaction also represents the first closing for Ed Bice, agent at Logan Babin Real Estate, who assisted with the buyers.

If your business is looking to buy or sell in South Louisiana, contact our team and see how we can help you navigate the current market.  Proper direction will determine your destination.  Are you getting the right advice when it comes to your real estate needs?

Call us at 985-872-4597 and see why we say: Logan Babin Real Estate and Appraisals: Local Knowledge…National Reputation!

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Logan Babin, Jr. Bestowed REALTOR Emeritus Status

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Logan H. Babin, Jr., CRE, FRICS

Logan H. Babin, Jr., CRE, FRICS, Broker at Logan Babin Real Estate, was recently bestowed the honor of becoming a REALTOR Emeritus.  At a ceremony at the Bayou Board of REALTORS Banquet, Logan was presented with his REALTOR Emeritus certificate and lapel pin by Norman Morris, CEO of the Louisiana REALTORS, after the honor was voted on by the Board of Directors of the National Association of REALTORS (NAR) this past fall.

According to NAR’s website, a REALTOR is eligible for Emeritus status if they have “held membership in the National Association as a REALTOR, REALTOR-ASSOCIATE, or both, for a cumulative period of forty (40) years” and served on the local, state, and National Association level.  Logan has been a REALTOR since the late 60’s and served as the Bayou Board of REALTORS President in 1978.  He served as a member of the Louisiana Real Estate Appraisers Board of Certification from 1992 to 2003 and was the Chairman from 1997-2002.  Logan has been a member of The Counselors of Real Estate (CRE) since 1984 and has served on the international organization’s Board of Governors and was President in 1995-96.

While presenting him with the status, Norman Morris said the following: “Logan is truly a wonderful person that cares deeply about his family and friends.  He is very passionate about issues that affect his community, state and country, but in particular he is deeply passionate about the appraisal industry.  In fact he is at the top of my list in terms of the states greatest appraisers!  I have truly learned so much about the real estate industry from Logan and consider him a friend, mentor and a dedicated real estate professional.  Congratulations on your REALTOR Emeritus Award!”

Attending the ceremony in December was his wife of over 50 years, Anne Babin, his son and business partner, Logan “Hank” Babin, III, and Hank’s wife Carrie.  The Bayou Board of REALTORS was honored to have five other members receive REALTOR Emeritus that evening: Ron Brooks, Sandy Brooks, George Diedrich, Charles Giglio, and S.P. LaRussa.

This honor once again solidifies our company’s slogan: Logan Babin Real Estate and Appraisals – Local Knowledge…National Reputation!

(From R to L) Logan, Ron, Sandy, George, SP, and Charles

(From L to R) Logan, Ron, Sandy, George, SP, and Charles

Norman Morris from LRA

Norman Morris from LRA

Logan and Anne chat with Sandy Brooks

Logan and Anne chat with Sandy Brooks

 

 

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Logan Babin Real Estate Adds New Agent- Ed Bice

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Logan Babin Real Estate is pleased to announce the newest member of our company, Mr. Ed Bice.  As our brokerage business has continued to expand in recent years, it was imperative for our company to grow in order to provide the same level of quality service to our clients.

Ed is now a Louisiana Licensed Real Estate Salesperson and can assist you with any of your real estate needs.  He is a member of the National Association of Realtors, the Louisiana Realtors Association, and the Bayou Board of Realtors.

Please contact Ed if you or your business are in the market to buy, sell, or lease real estate!   Not only can he serve you in South Louisiana, but he can assist you though referrals in all of Louisiana or other states.

Ed can be reached via phone at (985) 381-3229 or email at edbice@loganbabin.com.

To read more about Ed’s background, you can visit our company page at www.loganbabin.com/our-company 

You can also connect with Ed via social media on LinkedIn – CONNECT

LOGAN BABIN REAL ESTATE – Local Knowledge.  National Reputation.

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New Facebook Page for Logan Babin Real Estate

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Logan Babin Real Estate has added a new Facebook page!  It will provide links to company news, new listings or closings, as well as various real estate or economic news items from home or around the country.

The new page can be found at www.facebook.com/loganbabinrealestate

You can “like” the page to receive all updates on your Facebook wall feed.  And there will be some exciting new announcements in the coming days!  So “like” and “share” with all of your friends.

We can also be followed on Twitter by clicking: @LoganBabinRE

So please stay connected with our firm and you will learn why we say: Logan Babin Real Estate and Appraisals – Local Knowledge.  National Reputation.

 

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Polmer Bros. sells land for new Bayou Blue Fire Station

Polmer Bayou BlueThere will be increased fire protection for the property owners in Bayou Blue in the future.  On Monday, July 11, Polmer Brothers, Ltd. sold the Bayou Blue Fire Protection District 1.578 acres of property on LA Highway 316 at Adda Road for the future construction of the Dr. Jacob Levy Fischman Fire Station.

Named after the family patriarch, the Fischman family (owners of Polmer Brothers, Ltd.) was pleased to work with the fire district to serve the residents and business owners in Bayou Blue.

Debra Fischman, Secretary/Treasurer of Polmer Bros. and Dr. Fischman’s daughter, signed the sale but also had her mother, Fagey, present to honor the memory of her father.  Polmer Brothers was represented in the transaction by Logan “Hank” Babin, III of Logan Babin Real Estate, the broker for all of the Fischman’s remaining acreage (~1,500 acres) for sale in Terrebonne and Lafourche Parishes.

John Culhane signed for the Fire District, which was represented in the transaction by Debbie Blackwell of Latter & Blum of Houma.  Mr. Culhane was very excited to finally have a location purchased after an exhaustive search.  He said the Fire District was pleased to name the station after Dr. Fischman, who served the area’s medical needs for so many years after being a decorated veteran of World War II.

The remainder of the Ducros Plantation tract is available for sale through Logan Babin Real Estate.  Over 1,183′ of frontage remains on LA Hwy 316 with ~87.75 acres ready to be developed to the Hollywood Canal.  An additional 146 acres of wooded recreational property is on the other side of the canal.  

Beside a new fire station for protection, the pending completion of Bayou Gardens Blvd. Extension will offer this area direct access to the MLK retail corridor in Houma.

For more information regarding commercial, industrial, or development acreage in South Louisiana, contact us at Logan Babin Real Estate – Local Knowledge…..National Reputation!

From Left to Right: Derrick Prentice of Prentice Law Firm, John Culhane of Bayou Blue Fire District, Hank Babin of Logan Babin Real Estate, Debra and Fagey Fischman of Polmer Brothers, Ltd., and Debbie Blackwell of Latter & Blum

From Left to Right: Derrick Prentice of Prentice Law Firm, John Culhane of Bayou Blue Fire District, Hank Babin of Logan Babin Real Estate, Debra and Fagey Fischman of Polmer Brothers, Ltd., and Debbie Blackwell of Latter & Blum

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Former K+B Industries East Yard For Sale

Aerial ViewLogan Babin Real Estate and Logan “Hank” Babin, III, agent, are proud to announce the listing of the former home to K+B Industries in East Houma.  This campus is home to 12 buildings totaling 117,486 SF of gross building area on 16.07 acres of land.

Additional highlights include:

  • 20,872 SF of office space
  • 96,872 SF of shop and work areas
  • 2,029 linear feet of frontage on 4 roads
  • Six bridge cranes (One 15-ton, Four 5-ton, and One 3-ton
  • 16 jib cranes of varying size
  • 13.38 acres of lay down yard (8 acres post-tension concrete)
  • Subsurface drainage system
  • Completed Phase 1 & 2 with NFA letter

In order to try and offer something for any size business, the campus is being listed as one whole facility and also split into four smaller parts.

For more information, please click below for one of the listings: 

Entire Facility Listing

Tract 1 Listing

Tract 2 Listing

Tract 3 Listing

Tract 4 Listing

Located in Terrebonne Parish, the site is 11.5 miles to the U.S. Highway 90 Energy Corridor, 50 miles to Port Fourchon, and 2 miles from the Houma Airbase.

All utilities are available, including SLECA electric and public sewer service.

This property in East Houma is near Munson Slip and the Port of Terrebonne, Houma Airbase, and Chabert Hospital. Nearby fabrication yards and oilfield service companies include Gulf Island Fabrication, LA Ship, NOV, Tetra, Sparrows, Swire, Schottel, GulfStream Services, and many more.

The Houma-Thibodaux MSA consistently has one of the lowest unemployment rates in Louisiana and has an 8 Parish retail draw of almost 450,000 people. It was recently ranked #6 of all nationwide mid-sized MSA’s by Area Development Magazine (May 2013) and was #24 overall out of 380 MSA’s in the U.S. This follows a January 2013 article in Forbes magazine naming Louisiana “America’s New Frontier for Business Opportunity”. In 2014, Houma was ranked as the 2nd Happiest Place to live in the U.S. and Louisiana was ranked #1 in Business Climate by Business Facilities Magazine. That same year, the U.S. Chamber of Commerce named LA the #1 export state, the #1 state in export growth, and the #2 state for income growth per capita. Most recently in 2015, Site Selection Magazine ranked LA #4 in Business Climate, its 6th straight Top 10 ranking. The magazine also awarded LA their Silver Shovel award in 2015 for the 6th consecutive year while ranking our economic development efforts #2 in the nation. Chief Executive magazine placed LA #7 in its “Best States for Business” in 2015.

For additional information, please contact the listing agent, Logan “Hank” Babin, III at 985-872-4597.

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Development Acreage Available in Houma-Thibodaux MSA

Aerial OverviewCome take advantage of this unique opportunity to shape the growing Houma-Thibodaux MSA with up to 1,489 acres available to purchase in Terrebonne and Lafourche. With property available both north and south of the U.S. Highway 90 (Future I-49) Energy Corridor, these tracts offer a variety of development choices from single-family residential, multi-family residential, commercial, retail, industrial, and/or hospitality.

Click on any of the pictures below for more listing details.

Property can be purchased in whole or in part. Features include:

– +/- 1,489 acres in Terrebonne & Lafourche Parishes
– One of the last chances to buy development acreage in the area
– Google Earth elevations listed up to 14′ on many of the tracts
– Much of the property is in Flood Zone C and Proposed Flood Zone X
– Schriever acreage is just 4 miles North of U.S. Highway 90
– Bayou Blue acreage is just 2 miles South of U.S. Highway 90
– Almost 20,000 linear feet of road frontage and visibility on multiple roads
– LA Highway 20 traffic count of 29,102 cars per day (measured in 2010)

Tracts A1 & A2  

Tracts A1 & A2

 

 

 

 

 

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East of Main Project Aerial

 

 

 

 

 

West of Main Project Aerial 01

 

 

 

 

 

Aerial Map

 

 

 

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CRE’s 2015-2016 Top 10 Issues Affecting Real Estate

The Counselors of Real Estate (CRE) recently released their 2015-2016 Top 10 Issues Affecting Real Estate.  The CRE’s, an invitation-only professional association for the industry’s leading real estate advisors, debuted the list at the recent National Association of Real Estate Editors conference in Miami.

Logan Babin Real Estate is proud to have two CRE’s on staff in Logan H. Babin, Jr. (a past Chairman and member of the Board of Governors) and Logan “Hank” Babin, III (current member of the Communications Committee).

The full list and article can be seen on the CRE website:  2015-2016 Top 10 Issues Affecting Real Estate

The CRE 2015-16 Top Ten issues Affecting Real Estate

1 – Demographic Shifts

2 – Excess Capital Supply

3 – Rising Interest Rates

4 – Global Instability and Currency Devaluation

5 – Urbanization

6 – Energy

7 – The Gap Between Rich and Poor

8 – Infrastructure

9 – Real Estate Technology and Crowdfunding

10 – The Changing Retail Model

Many of the issues on this year’s list have strong interrelationships and affect multiple property sectors. Excess capital supply – funds largely flowing into U.S. real estate purchases from foreign institutional and private investors, and rising interest rates – which greatly impact activity in both the commercial and residential financing sectors, were ranked second and third on the list.

“This list reflects a higher degree of economic uncertainty than in years past,” Noah Shlaes, 2015 CRE Chairman, said. “Anticipation of rising interest rates, continued currency devaluation, and excess capital flowing into the United States are all on the minds of our membership. Combine this with a growing wage gap and major changes in demographics, and we’ve got a lot to think about this year.”

CRE-LogoThe Counselors of Real Estate organization is known for thought leadership, extraordinary professional reach (more than 50 real estate specialties are represented by its member experts) and objective identification of the issues and trends most likely to impact real estate now and in the future.

Being a CRE is one of the highest honors in the real estate profession.  And it is one more reason why we say:  Logan Babin Real Estate & Appraisals – Local Knowledge…National Reputation.

 

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