Latter & Blum Inc. has acquired commercial real estate firm NAI Lake Charles, continuing the New Orleans-based company’s expansion with recent deals in Houma and Lake Charles.
“The addition of our Lake Charles commercial firm will provide our Baton Rouge agents with more residential and commercial referral opportunities, while effectively addressing the need to maintain a high level of service for our clients,” said Latter & Blum President Rick Haase in a prepared statement.
Latter & Blum, which was founded in 1916, is one of the nation’s largest real estate brokerages with an estimated 2014 sales of $3 billion. They raked in $97 million in 2013. CEO Bob Merrick was recently named Gabmit’s Man of the Year.
“Our merger uniquely positions NAI/Latter & Blum as the only privately held commercial brokerage with a regional network spanning from central to southwest Louisiana and across the entire Louisiana Gulf Coast,” Bob Merrick, Latter & Blum chairman and CEO, said in the release. “This important development allows our agents to serve the commercial needs of our clients more effectively in the wake of an unprecedented industrial expansion underway in Louisiana.”