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The Advocate
Friday, October 27th, 2023
 
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LPSS backed out of deal to buy part of the old Walmart. Now they're being sued.

By ADAM DAIGLE l Acadiana Business Editor​ ​ ​

Welcome back to another edition of Acadiana Business Today. It's Friday. Let's get on to the headlines. 

The owner of a north Lafayette building is suing the Lafayette Parish School Board after the agency backed out on purchasing a portion of the former Walmart Supercenter building.

J&J Commercial Real Estate, which owns the building at 1229 NW Evangeline Thruway, filed suit in district court last month over the $5 million deal for about half of the building that both parties agreed to late last year.

The deal involved the seller making about $1 million in upgrades to the building, including a dividing wall to separate it from the building’s current tenant, Completeful, a drop-shipping company that moved into the building two years ago.

Read the full story here.

Have a great weekend and see you here Monday. 

 
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Latest Gulf of Mexico oil and gas auction is on hold again after appeals court ruling

A New Orleans federal appeals court has paused a contested Gulf of Mexico oil and gas auction that was scheduled for November, court records show. Read more

Lafayette drone service FlyGuys lands $10M investment

FlyGuys, the Lafayette-based drone service provider, landed a $10 million investment from a group of financers. Read more

Building permits for Oct. 18-24: $7M permit for new Moss BMW location

Commercial alterations Read more

 
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