Acadiana Business Files for December 12 | Business


Old Cypress Tree Inn sold for $ 2 million

The site of a Cypress Tree Inn on Evangeline Thruway has been sold to the owner of Community Honda of Lafayette.

Texas-based Elswick Automotive purchased the 10-acre lot at 2503 SE Evangeline Thruway from Paula and Hewitt Brooks Bernard for $ 2 million, according to documents filed with the Lafayette Parish Clerk.

The company, which has other locations in Texas, will move its main business to that location and maintain its current location at 1407 Surrey St., chief executive Brad Childress said.

A start date has not been set, but construction could take around a year, Childress said.

The Bernardes bought the hotel at the end of 2018 for $ 1.5 million, according to records, from Homerooms Inc. and quickly demolished the building. Homerooms Inc. filed for bankruptcy in October 2017.

All mortgage loans fell in the third quarter in Lafayette

The total number of mortgages issued in the Lafayette area and other Louisiana subways declined in the third quarter compared to the second quarter.

The drop was in line with the 8% drop across the country, the biggest drop in more than a year, according to data released by ATTOM, a national real estate database, in its US Residential Property Origination Report. . It was the second consecutive drop across the country, the first time since the start of the pandemic, indicating that the real estate market could cool.

Total mortgages at Lafayette stood at 2,874 in the third quarter, down 7% from 3,093 in the second quarter, but up 17.4% from 2,447 a year ago. year.

Baton Rouge, with 5,470 total mortgages, was down 14% from the previous quarter and 36% from a year ago, while New Orleans-Metairie’s decline was larger at 20.4% from the second quarter and 14.4% from a year ago. Shreveport was down 14.5% from last quarter and 16.4% from last year.

Among purchases, Lafayette recorded the smallest decline (6.7%) from last quarter among state metros, but recorded the largest year-over-year increase (34%) with 1,341 in the last quarter. The 1,438 recorded in the second quarter was the highest amount on record.

Other subways reported declines in purchases: Baton Rouge had 2,395 in the last quarter, down 6.8% from the previous quarter and 20% from a year ago; New Orleans-Metairie had 3,134 in the last quarter, down 21.4% from last quarter and 1.7% from a year ago; and Shreveport-Bossier had 1,142, down 13% from the previous quarter and 19% from a year ago.

Among refinancings, Lafayette recorded the smallest decrease compared to the previous quarter and the largest year-on-year gain with 1,530 in the last quarter, down 7.5% from the previous quarter but in 5.8% increase over the previous year.

We will keep you posted on the Acadian economy. Register today.

Something Borrowed Blooms opens expanded warehouse

Something Borrowed Blooms inaugurated its warehouse expansion at 102 Max Drive.

Their Lafayette-based hire-return floral boutique, which offers silk centerpieces and bouquets at a cheaper price than real flowers, hosted a groundbreaking ceremony as well as a cocktail and message from the co-workers. founders Lauren Bercier and Laken Swan. The two cousins ​​created the company in 2015.

Work began earlier this year to expand the warehouse from 4,000 square feet to 15,000 square feet due to the company’s sales growth. It has doubled its number of employees to 28.

Leadership Institute of Acadiana appoints Katrena King as director

The Leadership Institute of Acadiana, a non-profit organization that manages Leadership Lafayette and other programs, has appointed Katrena King as executive director.

King will oversee and manage the processes, programs and resources to support the mission of summoning, training and activating leaders to build and strengthen their communities.

She will also continue the partnership between LIA and One Acadiana to leverage the resources of both organizations. She replaces Jan Swift, who served on an interim basis following the resignation of former manager Ashley Mudd.

A graduate of the Lafayette XXXIV Leadership class, King is a graduate of the University of New Orleans and the Southern University Law Center. She is studying as a deacon at Garrett-Evangelical Theological Seminary. The daughter of a Methodist pastor, she spent her childhood moving around the state, an experience that she believes strongly influenced her decision to work to improve the state for all.

“I love people, meet them where they are and challenge them to be better versions of themselves,” King said. “I am delighted to have the opportunity to focus on developing strong leaders who, in turn, will build a stronger community. “

Dronet named National EMS Academy employee of the year

TJ Dronet was 2021 National EMS Academy Employee of the Year.

Dronet joined Ambulance Acadienne in 2009 and worked in operations for 10 years before becoming an instructor at the Academy of Emergency Medical Services.

The academy offers initial, continuing and refresher training courses for emergency medical technicians and paramedics.


Comments are closed.