Research

24 Apr The Pulse BR: 57 Room Siegen Inn sells for 3.85mm

Posted at 08:37h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 10707 Honore Lane Type: Hospitality Price: $3,850,000 ($67,544 / Unit) Buyer: Ishwar Krupa 2023 LLC Elifin's Notes: Siegen Inn, a 57 room hotel off Siegen Lane, sells to Denham Springs buyer. 5151 S Sherwood Forest Blvd Type: Retail Price: $1,700,000 ($79.07 / SF) Buyer: La-Z-Boy Incorporated Elifin's Notes: La-Z-Boy Inc purchases the local franchise...

17 Apr The Pulse LFT: Former Riverside Church property sold

Posted at 09:11h in Research, The Pulse, The Pulse: Lafayette by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 200 Southcity Pkwy Type: Specialty Price: $1,800,000 ($144.23 / SF) Buyer: SOUTHCITY PROPERTIES LLC Elifin's Notes: Local developers purchase a portion of land, including the 12,480 sq ft building, formerly occupied by the Riverside Church of Christ 1951 Chemin Metairie Rd Type: Land Price: $1,473,678 ($9.00 / Land SF) Buyer: SUGAR MILL VILLAS II...

17 Apr The Pulse CBUS: The Hills Market downtown sells for 2.6mm

Posted at 09:04h in Research, The Pulse, The Pulse: Columbus by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Columbus. Commercial Sales Recorded Last Week 581 Woodland Ave Type: Land Price: $3,400,000 ($14.64 / Land SF) Buyer: OHIO POWER COMPANY Elifin's Notes: Ohio Power Company purchases 5.33 acres of commercial vacant land in the Woodland Park area; also on the property sits a colonial style home built in 1940 735 Ceramic Pl Type: Office Price: $2,700,000 ($80.73 /...

17 Apr The Pulse NOLA: Lakeshore Chrysler Dodge Jeep RAM on W Esplanade sells

Posted at 08:59h in Research, The Pulse, The Pulse: New Orleans by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 2204 Idaho Ave Type: Multifamily Price: $800,000 ($100,000 / Unit) Buyer: PIAZZA ROSICA S; PIAZZA NICHOLAS L SR Elifin's Notes: A pair of local individuals purchase two adjacent 4-plexes in the Lisa Park area of Kenner 3333 Metairie Rd Type: Retail Price: $720,000 ($225.56 / SF) Buyer: MCLAND PROPERTY INVESTMENT II LLC Elifin's Notes:...

17 Apr The Pulse BR: 30 Acres along Nicholson Dr sell for 9.5mm

Posted at 08:52h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 30 Acres Nicholson Dr Type: Land Price: $9,500,000 ($7.27 / Land SF) Buyer: Baton Rouge Acquisitions LLC Elifin's Notes: Commercial Properties Realty Trust purchases approximately 30 acres on Nicholson Dr between downtown and LSU from Goldman Sachs. 12046 Cloverland Ct Type: Industrial Price: $545,000 ($91.77 / SF) Buyer: Mimosa by ME LLC Elifin's Notes:...

11 Apr Market Report – New Orleans, LA – March 2023

Posted at 10:16h in Insights, Market Report: New Orleans, Research by ELIFIN® 0 Comments

DOWNLOAD FULL REPORT (PDF) Overall Dollar Volume is down 2.15% The trailing 12 month total dollar volume of sales was $1.114B at the end of Mar 2023 vs. $1.139B at the end of the prior month. Overall Deal Velocity is down 2.06%. The trailing 12 month sale count was 498 at the end of Mar 2023 vs. 509 at the end of the prior...

10 Apr The Pulse LFT: Medical center adjacent to ULL sold

Posted at 09:38h in Research, The Pulse, The Pulse: Lafayette by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 104 Four Park Rd Type: Retail Price: $600,000 ($115 / SF) Buyer: FOURPARK RENTALS LLC Elifin's Notes: Local buyer acquires a day care center in Carencro 248 N College Rd Type: Office Price: $425,000 ($106 / SF) Buyer: SABBAGHIAN PROPERTIES LLC Elifin's Notes: An entity, led by a local doctor, purchases the Acadiana Spine and...

10 Apr The Pulse NOLA: 268-Unit American Can mixed use development sells

Posted at 09:37h in Research, The Pulse, The Pulse: New Orleans by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 2930 Camp St Type: Mixed-Use Price: $965,000 ($121 / SF) Buyer: ST.JOHN GARDEN DISTRICT HOUSE, LLC Elifin's Notes: California-based investors purchase a Garden District area church with historic ties back to the 1840s; although it is zoned within a primarily residential designation, certain commercial uses are permitted under HU-RD1 5110...

10 Apr The Pulse BR: The Sterling apartments on Highland sell for 15mm

Posted at 09:28h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Two Weeks 4500 Burbank Dr Type: Multifamily Price: $21,750,000 ($113,281 / Unit) Buyer: HPI Oliver LLC Elifin's Notes: Hamilton Point Investments, a Connecticut-based real estate investment firm, purchases the Oliver Apartments, a 192 unit student housing apartment complex near LSU. 3135 Highland Rd Type: Multifamily Price: $15,000,000 ($153,061 / Unit) Buyer: Tailwind Baton Rouge...

10 Apr The Pulse CBUS: Nursing home sells for 6.3mm

Posted at 08:49h in Research, The Pulse, The Pulse: Columbus by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Columbus. Commercial Sales Recorded Last Week 5055 Thompson Rd Type: Healthcare Price: $6,329,757 ($50,638 / Unit) Buyer: OUR HOME NEW ALBANY RE LLC Elifin's Notes: A 125-unit nursing home sells in the Morse-Thompson area New World Dr Type: Land Price: $6,300,000 ($8.02 / Land SF) Buyer: ARCBEST PROPERTY MANAGEMENT LLC Elifin's Notes: 18 acres of vacant industrial land sells at the...