The Pulse NOLA: Hotel sold for 25 million

A weekly update on the commercial real estate landscape of New Orleans.

Commercial Sales Recorded Last Week

2150 Veterans Blvd, New Orleans, LA 70062
2150 Veterans Blvd, New Orleans, LA 70062

Type: Hospitality
Price: $25,000,000 ($102,041 / Unit)
Buyer: ADVIK LLC
Elifin’s Notes: Advik LLC, a Mississippi-based company, acquires the DoubleTree Hotel by Hilton, a 245-room property, for 25 million.

127 Camp St, New Orleans, LA 70130
127 Camp St, New Orleans, LA 70130

Type: Office
Price: $926,250 ($144.19 / SF)
Buyer: BILLY GOALS LLC
Elifin’s Notes: An office property with a residential unit on the top floor changes ownership on Camp Street.

2226 Peters Rd, Harvey, LA 70058
2226 Peters Rd, Harvey, LA 70058

Type: Industrial
Price: $425,000 ($43.14 / SF)
Buyer: PHUONG PROPERTIES LLC
Elifin’s Notes: Phuong Properties LLC acquires an industrial property on Peters Road.

423 10th St, Gretna, LA 70053
423 10th St, Gretna, LA 70053

Type: Office
Price: $385,000 ($246.01 / SF)
Buyer: GTAM SERVICES LLC
Elifin’s Notes: GTAM Services LLC purchases an office property with a parking lot on 10th Street in Gretna.

6310 4th St, Marrero, LA 70072
6310 4th St, Marrero, LA 70072

Type: Land
Price: $380,000 ($3.49 / Land SF)
Buyer: BLUTCHER SERVICES LLC
Elifin’s Notes: Blutcher Services LLC acquires a 2+ acre parcel of land on 4th Street in Marrero.

380 S Liberty St, New Orleans, LA 70112
380 S Liberty St, New Orleans, LA 70112

Type: Land
Price: $232,800 ($47.00 / Land SF)
Buyer: ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND
Elifin’s Notes: Administrators of the Tulane Educational Fund acquire a 0.1+ acre parcel of commercial land near Duncan Plaza.


Commercial Permits Issued Last Week


Sale records included based on the following parameters: Building and commercial land sales with a sales price that is either withheld or greater than or equal to $300,000. Multifamily sales greater than or equal to 5 units. Sale must be an arm’s length transaction (between unrelated parties). Best efforts are made to provide complete and reliable information, but accuracy is not guaranteed and the reader bears the responsibility to verify the accuracy of such information prior to forwarding it, utilizing it, or relying on it in any way.

Elifin Realty
marketing@elifinrealty.com
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