January 7, 2015
Real Estate Merger Expands Latter & Blum’s Commercial Operations into Lake Charles
Left to Right: Karl Landreneau, Director, NAI/Latter & Blum; Bob Merrick, Chairman & CEO, Latter & Blum Inc.; Matt Redd, Associate Broker, NAI/Latter & Blum; Rick Haase, President, Latter & Blum Inc.
New Orleans, LA –LATTER & BLUM Inc. announced today their expansion of their commercial operations into Southwest Louisiana through a merger with Lake Charles-based commercial Real Estate firm, NAI Lake Charles. The addition extends the companies’ referral networks and service areas throughout the Louisiana Gulf Coast. The new commercial affiliate will operate as “NAI/Latter & Blum Inc.” in Southwest Louisiana.
“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,” stated Bob Merrick, Chairman & CEO of LATTER & BLUM. “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,” Merrick added.
“The addition of our Lake Charles commercial firm will provide our New Orleans Agents with more residential and commercial referral opportunities, while effectively addressing the need to maintain a high level of service for our clients,” stated LATTER & BLUM President, Rick Haase. “LATTER & BLUM has expanded its service network from Texas to Mississippi along our state’s energy corridor. As a result, our Agents and clients are better positioned to benefit from the industrial investment and economic growth in our service footprint,” explained Haase.
“Joining NAI/Latter & Blum provides immediate access to a regional commercial network with the scale and resources to more effectively serve the growing commercial Real Estate needs of our clients,” stated Associate Broker, Matt Redd, CCIM, SIOR, CPM. “I’m very excited about the growth opportunity this represents for our Agents and Clients,” he commented.
Today, LATTER & BLUM Inc. is a Top 40 Real Estate brokerage and home services company with sales of over $2.92 billion and one of the fastest growing Louisiana-based private companies. The firm’s existing commercial offices are located in Alexandria, Houma, Baton Rouge, Lafayette and New Orleans and are part of the NAI Global Network, a managed commercial Real Estate network with more than 350 offices worldwide. Together, LATTER & BLUM and NAI/Latter & Blum will offer the most extensive portfolio of commercial properties in the Gulf South region.
LATTER & BLUM Inc., established in 1916, is the largest full-service Real Estate brokerage in the Gulf South and operates Latter & Blum Inc./REALTORS®, C.J. Brown REALTORS Inc., Van Eaton & Romero REALTORS, Noles-Frye Realty. Latter & Blum Classic Homes & Properties, Latter & Blum Shaw Properties and Latter & Blum Hometown operate under franchise agreements. All are networked regionally, nationally and globally as ERA Powered Companies. Additionally, LATTER & BLUM Inc. operates NAI Latter & Blum Commercial Real Estate, Latter & Blum Property Management, Latter & Blum Insurance Services, Platinum Title and Essential Mortgage Corporation.