Research

14 Aug The Pulse NOLA: Gretna office building sells for 2.7mm

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 2550 Belle Chasse Hwy Type: Office Price: $2,700,000 ($60.00 / SF) Buyer: GRETNA OFFICE COMPLEX LLC Elifin's Notes: Office building property sells in Gretna along the Belle Chasse Highway 2509 Houma Blvd Type: Multifamily Price: $1,220,000 ($101,667 / Unit) Buyer: GRAYSTONE MANOR LLC Elifin's Notes: The Greystone Manor Apartments sell in the Suburban Villa...

Read More

14 Aug The Pulse BR: Goodwood Place Apartments sell for 11mm

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 356 Apartment Court Drive Type: Multifamily Price: $11,000,000 ($59,783 / Unit) Buyer: NMP-Goodwood LLC Elifin's Notes: Goodwood Place Apartments, a 184 unit apartment complex off of Government St, sells to local investor. 459 Apartment Court Drive Type: Multifamily Price: $2,200,000 ($91,667 / Unit) Buyer: NMP-Goodwood LLC Elifin's Notes: Marquette Place, a 24 unit apartment...

Read More

07 Aug Top Permits issued in the New Orleans area, August 7, 2023

Posted at 16:41h in Commercial, News, Research by Elizabeth Novit 0 Comments

// Article originally appeared in New Orleans City Business on August 7, 2023 Permits pertaining to a new hotel at 3500 St. Charles Ave. were issued on July 25. The site was formerly improved with a mixed-use office property of no historic importance prior to it being razed and advertised for ground lease. Plans were announced in Fall of 2022 with...

Read More

07 Aug The Pulse LFT: Plantation Inn Motel on NE Evangeline sells

Posted at 09:02h 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 1710 W Willow St Type: Industrial Price: $2,200,000 ($45.83 / SF) Buyer: 5H ACADIANA LLC Elifin's Notes: Local investor purchases an industrial property sitting on ±8 acres on West Willow near I-10 2810 NE Evangeline Thruway Type: Hospitality Price: $2,000,000 ($24,096 / Unit) Buyer: HOME EXPRESS INN LLC; FASTRACK PROPERTY INTL LLC Elifin's Notes: New...

Read More

07 Aug The Pulse NOLA: Medical property sold to NY investor for 5.4 million

Posted at 08:50h 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 2908 General De Gaulle Dr Type: Office Price: $5,442,000 ($755.10 / SF) Buyer: SMBC LEASING AND FINANCE INC Elifin's Notes: New York-based entity purchases an office property occupied by Fresenius Kidney Care in the Behrman area 4421 Burgundy St Type: Multifamily Price: $720,000 ($72,000 / Unit) Buyer: ROAK REAL ESTATE LLC Elifin's Notes: A...

Read More

07 Aug The Pulse BR: Tri-Care Automotive property sells for 3.75mm

Posted at 08:49h 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 13873 Airline Hwy Type: Industrial Price: $3,750,000 Buyer: The Machine Shop of Baton Rouge LLC Elifin's Notes: The Machine Shop of Baton Rouge purchases Tri Care Automotive repair shop on Airline Hwy. 11188 Florida Blvd Type: Healthcare Price: $2,000,000 ($74.03 / SF) Buyer: Stoa RE LLC Elifin's Notes: The Care Center, a nursing home...

Read More

31 Jul The Pulse LFT: The Grand Theatre on Kaliste Saloom sells

Posted at 08:46h 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 910 Harding St Type: Office Price: $1,350,000 ($182.56 / SF) Buyer: HOS PROPERTIES LLC Elifin's Notes: Local investor purchases an Oil Center office property sitting on 0.8+ acres 103 Broadmoor Blvd Type: Retail Price: $650,000 ($260.00 / SF) Buyer: VSQUARED HOLDINGS LLC Elifin's Notes: Veterinary Clinic property sells near the intersection of Johnston Street and...

Read More

31 Jul The Pulse NOLA: Algiers Plaza shopping center sells for 35mm

Posted at 08:44h 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 4100 General De Gaulle Dr Type: Retail Price: $35,000,000 ($145.22 / SF) Buyer: ALGIERS PLAZA, LLC Elifin's Notes: California-based entity purchases the Algiers Plaza shopping center for 35 MM 1010-1022 Louisiana Ave Type: Multifamily Price: $1,900,000 ($316,667 / Unit) Buyer: SHEFFIELD CAPITAL SOLUTIONS LLC Elifin's Notes: Through three separate transactions, a local investor purchases...

Read More

31 Jul The Pulse BR: Central Oil & Supply purchase property off S Choctaw

Posted at 08:32h 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 10632 Hillary Ct Type: Office Price: $1,500,000 ($285.71 / SF) Buyer: Arkansas Elder Outreach of Little Rock Inc Elifin's Notes: Elder Outreach, a non-profit specializing in senior care, purchases office building off of Bluebonnet Blvd. 11606 Southfork Ave (Building B) Type: Office Price: $505,000 ($147.27 / SF) Buyer: Be Cool Holdings LLC Elifin's Notes:...

Read More