Research

18 Sep The Pulse LFT: The Highlands at Grand Pointe purchased by Texas entity

Posted at 09:24h 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 3601 Kaliste Saloom Road Type: Multifamily Price: $16,650,000 ($143,534 / Unit) Buyer: HIGHLANDS LAFAYETTE LLC THE Elifin's Notes: The Highlands at Grand Pointe, a 116-unit apartment complex along Kaliste Saloom, will see a new name and a new owner with its sale to a Texas-based firm 122 Youngsville Hwy Type: Industrial Price: $720,000...

18 Sep The Pulse NOLA: The Prytania Park Hotel sells to local investor

Posted at 08:54h 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 1525 Prytania St Type: Hospitality Price: $2,115,000 ($35,847 / Unit) Buyer: DREAMING TREE INVESTMENTS LLC Elifin's Notes: In one of five transactions, a local investment entity purchases The Prytania Park Hotel, 59-units, in the Lower Garden District 3197 Richland Ave Type: Office Price: $2,050,000 ($179.87 / SF) Buyer: Sanctuary Holdings, LLC Elifin's Notes: Keller...

18 Sep The Pulse BR: Latin restaurant entity purchases property on Florida Blvd

Posted at 08:50h 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 9445 Greenwell Springs Rd Type: Retail Price: $650,000 ($277.19 / SF) Buyer: GFC Leasing Corp LLC Elifin's Notes: Texas-based buyers purchase former KFC location on Greenwell Springs Rd near the Monterrey Dr intersection. 6989 Florida Blvd Type: Retail Price: $650,000 ($73.55 / SF) Buyer: Los Latinos Amigos Restaurant LLC Elifin's Notes: Latin restaurant entity...

11 Sep The Pulse LFT: American Legion Post 69 property sold

Posted at 08:08h 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 4906 Ambassador Caffery Pkwy, Bldg I Type: Office Price: $1,621,200 Buyer: CORDOBA LEASING LLC Elifin's Notes: A condominium building within the Cordoba Medical Office Park sells to Cordoba Leasing LLC 2818 Bonin Rd Type: Office Price: $1,094,550 ($280.65 / SF) Buyer: SWAMP EAGLE REAL ESTATE LLC Elifin's Notes: An office sells between Bonin Road and...

11 Sep The Pulse NOLA: LeBrane’s Creole purchases their building in Westwego

Posted at 08:07h 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 116 Marguerite Rd Type: Multifamily Price: $1,025,000 ($128,125 / Unit) Buyer: JNO ENTERPRISES LLC Elifin's Notes: A multi-family property sells in the Marguerite Place area near the Saints practice facility off of Airline Drive 2282 Saint Claude Ave Type: Land Price: $775,000 ($63.19 / Land SF) Buyer: 2270 MARIGNY LLC Elifin's Notes: A corner...

11 Sep The Pulse BR: Southern Roots Outfitters purchases land in Zachary

Posted at 08:06h 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 Montegudo Dr at Bob Odom Dr Type: Land Price: $550,000 ($2.51 / Land SF) Buyer: Southern Roots Outfitters LLC Elifin's Notes: Zachary-based Southern Roots Outfitters purchases vacant lots in Zachary. 9830 Florida Blvd Type: Retail Price: $500,000 ($69.29 / SF) Buyer: Big Horn River LLC Elifin's Notes: Local investor purchases...

05 Sep Top Permits issued in the New Orleans area, September 5, 2023

Posted at 13:19h in Commercial, News, Research by Elizabeth Novit 0 Comments

// Article originally appeared in New Orleans City Business on September 5, 2023 Permits were issued this week with regards to heating and cooling systems for the newly-built 16-story, 340-room hotel tower at 8 Canal Place, or, more colloquially, the new hotel at Caesars New Orleans. Conceived through a partnership between Nobu Matsuhisa, Robert De Niro and Meir Teper, Nobu’s first...

04 Sep The Pulse LFT: Local developer purchases 55 acres in Broussard

Posted at 08:26h 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 500 Tolson Rd Type: Land Price: $2,647,175 ($1.09 / Land SF) Buyer: HAMILTON PARC SUBDIVISION LLC Elifin's Notes: Local developer purchases 55+ acres off of Verot School Road near Broussard 1799 Camellia Blvd Type: Land Price: $1,769,488 ($19.68 / Land SF) Buyer: HAMILTON PLANTATION CORPORATION Elifin's Notes: A 2+ acre parcel of land within an...

04 Sep The Pulse NOLA: Office and parking lot sold in CBD

Posted at 08:19h 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 844 Baronne St Type: Office Price: $1,450,000 ($194.63 / SF) Buyer: 2712 ATHANIA LLC Elifin's Notes: An office building with adjacent parking lot sells in the CBD area 850 Sams Ave Type: Industrial Price: $1,250,000 ($93.31 / SF) Buyer: MICHLER INVESTMENTS LLC Elifin's Notes: An industrial property sells in the Lafreniere Plantation area 1501 Newton...

04 Sep The Pulse BR: Walgreens on Highland Road sold for 2.8 million

Posted at 08:17h 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 5298 Highland Rd Type: Retail Price: $2,836,364 ($216.52 / SF) Buyer: Cardinal Green Investments LLC Elifin's Notes: Walgreens sells on the corner of Highland Rd and W Lee Dr. 2798 O'Neal Lane, Building B Type: Office Price: $560,000 ($112.00 / SF) Buyer: BP Investment Holdings LLC Elifin's Notes: California-based investors...