BUSINESSBATON ROUGE BUSINESS REPORT
Roundup: Commerce Centre sold / Microsoft’s in-house AI / Warehouse construction
Marcus & Millichap sold the Commerce Centre retail property in Ascension Parish to an East Coast investor. Microsoft is emphasizing in-house AI models to compete with Anthropic and OpenAI. U.S. warehouse construction is rising due to renewed demand from logistics firms, retailers, and manufacturers.
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Adjacent reporting
- Why retailers are watching Ascension Parish so closely right now
- A longtime Gonzales retailer is making home projects easier with a major expansion
- Landry says Louisiana is leaning into the ‘next industrial revolution’ with data center expansion
- Marcus & Millichap Brokers $22 Million Sale of 50-Unit Mixed-Use Pasadena Building
- HIVE, Keel push deeper into AI data centers with capital raise, asset sale
- Meta expands Louisiana AI data center investment to more than $50B