[UPDATE: A Stirling Properties representative called after this story was posted to clarify that Stirling is only selling its residential division, ERA Stirling Properties, in both greater New Orleans and Baton Rouge to Latter & Blum. The local residential division, as reported, has been sold to Van Eaton & Romero. More information will be forthcoming later today in a press release, she said, at which time this posting will be fully updated.]
Van Eaton & Romero, already the largest real estate brokerage firm in Acadiana, purchased the residential division of ERA Stirling Properties’ Lafayette office, a press release confirmed Tuesday morning. But real estate sources say New Orleans-based Latter & Blum Realtors may be getting a much bigger piece of the action, buying the residential division of Stirling Properties, which is headquartered in Covington.
It does not appear as though the Latter & Blum purchase will have much local impact, as sources close to the deal say the commercial division of Stirling’s Lafayette office, located at 1819 W. Pinhook Road, is not part of the transaction and will continue to operate as Stirling Properties. It is unclear which Stirling offices and divisions are included in the buyout or if the deal has been finalized.
Voice mail messages left for Stirling Properties and ERA Stirling Properties President and Chief Executive Officer Marty Mayer and the firm’s marketing department were not immediately returned, nor was a voice mail message left on the cell phone of Latter & Blum Marketing and Communications Director Stephen Waring.
Latter & Blum Inc. and its affiliates (the firm has a property management operation on Lafayette) are the largest full-service real estate brokerage in Louisiana and Mississippi, according to the company’s website. Established in 1916 in New Orleans, the firm has offices in Baton Rouge, Alexandria and along the Mississippi Gulf Coast that handle all phases of residential and commercial sales and leasing.
Stirling Properties’ website indicates that is has formal relationships with more than 350 real estate professionals whose scope of services include the development, sale and leasing of commercial properties, investment sales, property and asset management, project management, buyer and tenant representation and residential real estate services. In addition to its Covington operations, Stirling has Louisiana offices in New Orleans, Metairie, Hammond, Mandeville, Baton Rouge, Prairieville, Bossier City/Shreveport and New Iberia. Its portfolio includes local and regional shopping centers, office buildings and business parks.
Van Eaton & Romero Inc. and the residential division of ERA Stirling Properties/Lafayette announced Tuesday morning that the companies have finalized an agreement that will bring together two of the area's best-known real estate brands. Effective immediately, the acquisition increases the size of Van Eaton & Romero by roughly 22 percent of the residential market share, Van Eaton officials say in the release.
Van Eaton employs approximately 200 people, including staff and real estate agents, and Stirling's local office has about 60 agents.
Mellow Mushroom Pizza Bakers opens on Johnston.
Acadiana's Top 50 Private Companies
It would be an understatement to say Schumacher Group had a challenging year in 2013.
Hampton Toyota has been serving Acadiana as the premier Toyota dealership for more than 10 years. And now, the glossy Johnston Street dealership is looking forward to a makeover.
Even when Floyd Degueyter is on “vacation” he’s hard at work.
As the second largest metal heat treating company in the country, Analytic Stress Relieving Inc. has grown by leaps and bounds since its inception in 1979.
When the Prohibition era came to an end in 1933, Joseph R. Streva saw an opportunity to make a little extra money to supplement his day job.
When a hurricane hits, Brent Mouton doesn’t run. The convenience store chain owner is proof that the challenges of mother nature can almost break a business, but Mouton learned to grow out of temporary closure from near devastation in 2002 and of lost potential revenue.
By launching a Super PAC to end all Super PACs, our Top 50 keynote speaker hopes to change the game in Washington.
Oil Center-based private facility extends its offerings with special events venue in failed women’s store.
One year later, is his expansion plan paying off?
Newspaper industry insiders question John Georges’ expansion plan.
How the U.S. has gotten itself into another fine mess
The Heymann Center was transformed into a culinary adventure in mid-June for the EatLafayette kick-off event, A Taste of Lafayette, and for the third consecutive year, a sellout crowd filled the Cajundome Convention Center June 19 to hear LEDA chief Gregg Gothreaux’s State of the Economy report.
A look at recent hirings, promotions and other announcements from Acadiana's business community.
Anne Pyle puts a bow on a stellar, expectations-defying career with her latest venture.
The company currently has 10 branches throughout Louisiana, including an Ambassador Caffery location which opened last year.
Lawmakers have added $15 million to the attorney general's budget to pay for Louisiana's ongoing legal case against BP for damages caused by the 2010 Gulf oil spill.
The state's jobless rate rose to 5 percent in June from 4.9 percent in May. Louisiana's unemployment rate was 6.4 percent in June 2013.
Long-established private club opening special events venue in failed women’s store at Kaliste Saloom Road and Camellia Boulevard.
High-dollar legal teams are preparing to spar in federal court over the regional levee authority’s historic lawsuit against oil and gas companies, but a panel of volunteers could preempt those efforts when they meet in August.
May sales, the highest on record for the month at $534 million, increased 6.1 percent over May 2013.
Trendy Shi Shi is heading to the Ranch, longtime retail institution Partners’ Ltd. is relocating to Parc Lafayette, and ariel artist haven Vertical Barre is moving downtown.
There’s another debit/credit card scam making the rounds — the second this year — this time via a robo call purportedly from MidSouth Bank.
The 2014 Louisiana Annual Sales Tax Holiday exempts the first $2,500 of the purchase price of each eligible item for non-business use when the customer buys and accepts delivery of eligible property or places property on layaway.