South Louisiana Economic News Update

There has been plenty of positive economic news regarding South Louisiana lately.  Here are just a few articles from various news outlets:

Pact Forged to Train LA’s Offshore Oil, Gas Workforce  July 24 – From The Advocate

Bollinger Shipyards Awarded $255M Contract by Coast Guard  July 24 – From NOLA.com

LA Adds 19,200 Jobs Over 12-Month Period July 24 – From The Advocate

Gulf Coast Holds Oil From Shale Formations in Abundance  July 23 – From The Advocate

LA Leads Nation in Industrial Construction Value July 23 – From The Advocate

FERC Approves Cameron LNG Site Clearance July 20 – From The Advocate

Shell Announces Oil Discovery in the Gulf July 19 – From The Advocate

Yuhuang Chemical Announces $1.85 Billion Investment in LA – July 17 – From LA Economic Development

Maybe all of this positive news is why Louisiana has 6 of the Top 10 Happiest Cities in the US!

We here at Logan Babin Real Estate continue to serve our clients who help to contribute to more positive economic news.  Recent closings will mean more hotels, single-family housing, office complexes, and light industrial facilities.  And we currently have millions of dollars of property under contract awaiting closing.

When you are ready to add your economic news to the growing South Louisiana marketplace, give our firm a call.

Logan Babin Real Estate – Local Knowledge.  National Reputation.

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Houma and Louisiana are Happy! Happy! Happy!

A recently released study ranked the Houma-Thibodaux area as the second happiest place in the country.  In fact, Louisiana had the Top 5 cities overall with Lafayette as #1, Shreveport-Bossier City #3, Baton Rouge #4, and Alexandria #5.  Lake Charles was in the Top 10 at #8.  In contrast, New York City was named the unhappiest place in America.

Houma-Thibodaux Named 2nd Happiest Metro Area in US – Houma Courier Article

Top 5 Happiest Cities in US are All in LA – NBC News Video

The Happiest & Unhappiest Cities in America May Surprise You – Huffington Post Article

Oddly enough, the same day, a New York Times report ranked Terrebonne and Lafourche as some of the “Hardest Places to Live in the US”.  So either the Houma-Thibodaux region has some of the most resilient people anywhere (to be so happy in such a hard place to live).  Or the unhappiest city (New York) was simply trying to bring us down from our happy place!

The team at Logan Babin Real Estate is happy about our market and the future of South Louisiana real estate.

Give us a call and see why we say: Logan Babin Real Estate – Local Knowledge.  National Reputation.

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Babins Attend CRE Mid-Year Meetings

IMG_0334Both Logan H. Babin, Jr., CRE and Logan “Hank” Babin, III, CRE attended The Counselors of Real Estate (CRE) 2014 Mid-Year Meetings in Austin, TX from May 4-7.  Besides meeting and sharing ideas with fellow Counselors from around the globe, Logan and Hank were proud to participate in sessions involving capital markets, urban redevelopment, stigmatized properties, land use/energy/environment, professional practice, and discuss and vote on topics for the CRE 2014 Top 10 Issues in Real Estate (being released nationally on June 11).

Hank also had the opportunity to take a development tour of Mueller Airport (an award winning, public-private redevelopment of Austin’s former airport into a mixed-use urban center) and listen to a presentation by Texas Railroad Commissioner Barry Smitherman on the economic impact of oil and gas on the economy.

This conference also allowed them to be present for their roles on various CRE committees.  Logan, a past CRE Chairman, sits on the Invitation Advisory, By-Laws, and Ethics Committees while Hank is on the Communications Committee.

“Being at a CRE function is invaluable,” Hank said.  “The education and learning opportunities don’t end when a session ends.  It continues in the hallways with further interaction with fellow Counselors.  The collective experience and knowledge in one place is staggering.  It’s really an honor to be able to participate.”

This was the second straight CRE conference that Logan and Hank attended.  They were both on hand in October in San Francisco for the 2013 CRE Annual Convention.  In the Bay Area, Hank was officially inducted into the organization after being invited as a member in 2012.  Logan received an award, along with his fellow members on the Invitation Advisory Committee, for Outstanding Achievement by a CRE Committee.

To learn more about The Counselors of Real Estate and the CRE Designation, click any of the following links:

     The Organization

     The Counseling Process

     The CRE Designation

     Why Choose a Counselor

     Why Be a Counselor

Being selected as members of such a prestigious, invitation-only organization such as The Counselors of Real Estate is one more reason we say: Logan Babin Real Estate and Appraisals – Local Knowledge…National Reputation.

More photos from the 2013 CRE Annual Convention in San Francisco:

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Logan Babin Real Estate Brokers Another Multi-Million Dollar Sale

logan babin real estate signLogan Babin Real Estate is proud to announce the closing of another multi-million dollar transaction for one of their clients.  Agent Logan “Hank” Babin, III was entrusted with the listing of developmental acreage on the corner of U.S. Highway 90 on the Terrebonne-Lafourche line.  Today, the property was purchased for $3.625 Million for the development of Highland Oaks, a single-family residential subdivision with future commercial development.  It was the third transaction over $3.1 million brokered in the last 12 months by Hank Babin.

“Our office fields many calls from clients desiring property on or near Highway 90,” Babin said.  “Besides being a natural location for energy companies between Port Fourchon and Lafayette, there has also been interest for residential growth.  This site will now be developed with the type of housing the Houma-Thibodaux MSA needs to attract additional workers to serve our expanding companies.  And it will also offer an opportunity for commercial growth to take advantage of the proximity to Hwy 90 and the growing residential community.”

Whether you and your family are looking to get the maximum potential from your property or your company is looking for the perfect location for your business to grow, choose Logan Babin Real Estate.  We have generations of knowledge about this area paired with the experience and integrity to put large deals together.

Simply give us a call and you will see the difference that so many families, local businesses, and international corporations have already seen:  LOGAN BABIN REAL ESTATE – Local Knowledge.  National Reputation.

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New Listing – Office Building in Downtown Houma

501RoussellFrontLogan Babin Real Estate and Logan “Hank” Babin, III are proud to announce the listing of the Watkins, Walker, and Eroche office building.  This historic old home in Downtown Houma, LA has long since been converted into professional office space and is ready for a new firm (or firms) to call it home.  The structure is 1.5 stories with 5,556 SF sitting on a well located corner in Downtown Houma.

The first floor features five (5) offices, each with a legal secretary office just outside the door.  There are two (2) conference rooms on the first floor, one large and one small.  Additionally, there is a spacious waiting area, receptionist area, kitchen/break room, file room/office, and two (2) half baths.

The second floor features an additional four (4) offices plus an extra below grade office/storage area.

The downstairs has an impressive eaves height of 12′ while the second floor has an eaves height of 10′.

The corner lot is conveniently located in the heart of Downtown Houma with almost all amenities within walking distance.  The historic structure sits on a lot with shade from mature oak and magnolia trees.  There is a white vinyl fence along both street with a brick fence on the back and side.

The wood exterior of the office was recently protected with a ceramic Rhino Shield coating, protecting your investment for years to come with a written, transferable warranty.

The Houma-Thibodaux MSA consistently has one of the lowest unemployment rates in Louisiana and has a 10 Parish retail draw of almost 440,000 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”.

Dr. Loren Scott’s 2014-2015 Louisiana Economic Outlook states “that the Houma MSA employment will increase by another 2,600 jobs in 2014 (2.6%)” and that “in 2015, the Houma MSA will break through the 100,000 employment mark for the first time in its history.”

For a direct link to the listing, please click: 501 Roussell St Office Building

Regional real estate decisions are being made at a fast pace as our economy grows.  You deserve to have an experienced, local team of professionals representing your interests with knowledge and integrity.

Contact (or join) the team at Logan Babin Real Estate….Local Knowledge.  National Reputation.

And don’t forget to follow us on Twitter at our handle: @LoganBabinRE

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New Listing – Light Industrial Investment Opportunity

166 & 148 Thompson Road 024Logan Babin Real Estate and Logan “Hank” Babin, III are proud to announce a new listing on Thompson Road.  This light industrial investment opportunity is near the ship building and industrial area of Houma.  This property could be kept for its investment value or converted into an owner occupied space as the tenant leases expire.  Or, since there are two buildings on 1 acre each, a buyer could owner occupy one building and lease out the other building for investment purposes.  Each building has five (5) suites for lease. 

Building 1 at 148 Thompson Rd. is 12,000 Total SF.  Each of the five (5)units has 2,400 SF with 25-30% office space with the remainder shop area.  There are two (2) half bathrooms in each suite. 

Building 2 at 166 Thompson Rd. is 16,000 Total SF.  Each of the five (5)units has 3,200 SF with 30% office space with the remainder shop area.  There are two (2) half bathrooms in each suite.

Tons of parking on both concrete and limestone.  Total site size is 2 acres with each building and its separate parking area covering 1 acre.  The site has 340′ of frontage on Thompson Road with a depth of 255′.

Each building has an eaves height of 16′ with the interior office being 8′ in height.  The offices are climate controlled by their own central air/heat.  The buildings have sprinklers and the walls have spray-on insulation.

This is an expanding area of East Houma near Munson Slip, Port of Terrebonne, Houma Airbase, and Chabert Hospital.  Nearby oilfield service companies include Gulf Island Fabrication, LA Ship, NOV, Schottel, K&B Machine, GulfStream Services, and many more. 

The Houma-Thibodaux MSA consistently has one of the lowest unemployment rates in Louisiana and has a 10 Parish retail draw of almost 440,000 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”.

You can view a direct link to this listing at: 148 Thompson Road Listing

Regional real estate decisions are being made at a fast pace as our economy grows.  You deserve to have an experienced, local team of professionals representing your interests with knowledge and integrity.

Contact (or join) the team at Logan Babin Real Estate….Local Knowledge.  National Reputation.

And don’t forget to follow us on Twitter at our handle: @LoganBabinRE

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South Louisiana Economic News Update

The 1st Quarter of 2014 continues to bring positive economic news for South Louisiana, which should spell good news for the South Louisiana real estate market.  Logan Babin Real Estate is currently feeling that impact with multi-million dollar properties under contract, multi-million dollar offers on additional property, and new commercial, industrial, and large-acreage listings continuing to give a variety of opportunities for our clients!

Here are just some of a few economic news items recently announced:

Danos Announces New Manufacturing Facility at Port of Iberia: Link

Kohl’s to Open in Houma Soon: Link

Bollinger Among Finalists for $10.5 Billion Coast Guard Contract: Link

Congress Discussing Action on Flood Insurance Reforms: Link

BP Increases Production and to spend $4 Billion Annually for Decade in Gulf of Mexico: Link

LA Exports Reach $63.1 Billion in 2013: Link

LA1 Project Proceeding: Link

North & South Lafourche See Population Increases: Link

SLEC’s Bayou Region Business Barometer: Link

Regional real estate decisions are being made at a fast pace as our economy grows.  You deserve to have an experienced, local team of professionals representing your interests with knowledge and integrity.

Contact (or join) the team at Logan Babin Real Estate….Local Knowledge.  National Reputation.

And don’t forget to follow us on Twitter at our handle: @LoganBabinRE

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Just Listed – “Winter Quarters” A 94-Acre Oasis with Unlimited Potential

Winter Quarters 11Logan Babin Real Estate is proud to offer for sale “Winter Quarters”, a 94-acre oasis with unlimited potential in the heart of Sportsman’s Paradise!    Winter Quarters is not just a location…it’s a way of life!

The 94-acres of manicured grounds offers a variety of uses, including but not limited to: residential compound for single owner or multiple owners; high-end residential and waterfront residential development; corporate headquarters or retreat center; or mixed-use development.

Features of the property include:

  • Gated, main entrance to the property lined with mature oak trees;
  • Private street lined with mature oak trees;
  • ~3.5 acre pond stocked with bass, sac-a-lait, and bream. Pond is about 15-18′ deep and has two illuminated fountains and small island;
  • ~4.25 acre orchard with over 150 pecan and citrus trees;
  • ~7.15 acre, three-tiered site with pilings for the location of a main house or structure (headquarters, hospitality, etc.);
  • ~2,250 linear feet of waterfront along Minor’s Canal, almost entirely bulkheaded and lined with trees.;
  • 2,526 SF guest house with 3 bedrooms and 3.5 baths overlooking the Rear Pond;
  • Rear pond with decks and bridge. Also stocked with bass, sac-a-lait, and bream;
  • Marina area (with concrete boat launches and steel bulkhead) fit for almost any use. 4 main boat launches, 1 dry dock, 1 small boat launch, 3 large boat slips, 4 small boat slips, and plenty of linear feet for boat mooring. Also includes pilings for covered slips and lifts;
  • 11,676 SF ICM barn/warehouse with overhead doors, commercial grade kitchen, walk-in freezer/cooler, 2 large climate controlled cedar closets, meat processing area, and more;
  • 5-acre game preserve with high-fencing, pens, grazing areas, plus hatchery and incubator buildings. Was registered with LWF for alternative livestock (whitetail deer, buffalo, ostrich, emu, etc.);
  • Rifle and Archery Ranges;
  • 4,200 SF concrete slab with 10 kennel areas and runs with high chain-link fence;
  • Plenty of additional land for a variety of uses. Some areas feature raised mounds for future buildings;
  • Some equipment (tractors, mowers, bush hog, trailered generator, etc. will be included; and
  • Grounds are monitored by security cameras (some with audio)

Click here for a downloadable PDF brochure: Winter Quarters Brochure

Shown by appointment only to qualified buyers.  Financing Options may be available.

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Good 2013 for Clients of Logan Babin Real Estate

Logan Babin Real Estate capped a very productive 2013 sales year with the $450,000 closing of 175 Thompson Road, a light industrial building in the ever productive industrial area around Munson Slip.  According to final statistics provided by the Bayou Board of REALTORS and their 2013 Office Ranking Report, Logan Babin Real Estate was involved in 22 transactions totaling $15,255,000.00.

Our office was #1 in the Bayou Board of REALTORS with an average of $693,409.00 per transaction.  That is three times larger than the next closest office and well above the entire area’s 2013 average of $166,860.00 per transaction.

With a primary focus of serving the commercial and industrial real estate markets in South Louisiana, Logan Babin Real Estate strives to provide excellent guidance and unmatched knowledge of the factors that determine value.  This combination serves to the benefit of our client base with proven financial results.  We would like to thank all of our clients who placed their trust and confidence in our office to assist them in these important financial matters.

South Louisiana is poised for continued growth with multi-billion dollar projects all along the coast to take advantage of our petrochemical industry.

If you or your business is looking to buy or sell, choose the team at Logan Babin Real Estate.  With over 50 years in the business and three generations of service, you will soon discover why we say…

Logan Babin Real Estate – Local knowledge.  National reputation.

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Schottel Opens New Facility in East Houma

Schottel1

Schottel, Inc., a global leader in propulsion systems, held the Grand Opening of their new facility on Denley Road in East Houma today.  Their new location at 1741 Denley Road in East Houma is part of Walter Land Company’s Denley-Grand Caillou Commercial/Industrial Subdivision.  This puts them in the heart of Houma’s marine fabrication hub near such companies like Edison Chouest’s LA Ship, Gulf Island Fabrication, Thomassie Boat Builders, the Port of Terrebonne, as well as dozens of other oilfield service companies.

The ceremony was attended by Parish President Michel Claudet, company leaders, as well as many of the Schottel’s owners who came in from Germany for the celebration.  The facility houses the regional corporate offices for Schottel and also features a training room and  shop with overhead crane capacity of 60 tons.

Logan Babin Real Estate currently has numerous listings adjacent to Schottel’s facility (click each one for more information):

The Houma-Thibodaux MSA consistently has one of the lowest unemployment rates in Louisiana and has a 10 Parish retail draw of almost 440,000 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”.

To find out why Schottel joins a long list of industry leaders investing in the Houma-Terrebonne marketplace, call us at Logan Babin Real Estate.  We have been serving the commercial and industrial real estate needs of South Louisiana for three generations and over 50 years.

And then you will discover why we say Logan Babin Real Estate and Appraisals.  Local Knowledge….National Reputation!

The interior of the shop/warehouse area of Schottel's  new facility.

The interior of the shop/warehouse area of Schottel’s new facility.

Nils Moerkeseth, President, and Gerhard Jensen, CEO address the crowd at Schottel’s grand opening.

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