Snappy Jacobs
Owner, Snappy Jacobs, CCIM Real Estate Management, LLC
Snappy Jacobs, CCIM Real Estate Management, LLC is a small, full-service commercial real estate firm built on select long-term relationships, including family offices, trusts, high net-worth individuals, individual investors and businesses. The company has a concentration of business in the New Orleans and Baton Rouge markets and extensive experience in the sale, management, leasing and redevelopment of the historic markets of both these regions, as well as small shopping centers and retail in South Louisiana.
What are you most excited about in the coming year? We are looking forward to the continued development and redevelopment activity as a result of the improving national economy and the catalyst effect of the Tax Cut and Jobs Act. The improving economic fundamentals, plus government incentives, such as the Opportunity Zone feature of the recent Tax Cut and Jobs legislation, provide a platform for prudent development and investment. We anticipate investors will unlock trillions in stock and closely held companies’ capital gains in order to reinvest in historic real estate markets. We have the expertise to assist those folks.
What is the biggest challenge facing your industry today? There are always shifting currents beneath the surface of any economic cycle; some sectors will be overbuilt, and the retail/internet situation will continue to evolve. Those are constant concerns, but the biggest challenge facing the commercial real estate industry in New Orleans is ensuring that political and civic policymakers and the labyrinth of public boards and commissions in the region address the need for a more diversified economy, much-needed infrastructure improvements, and quality-of-life issues such as crime and transparency in the way business is done by government and pseudo-government agencies. These issues are of great concern for investors.
