Research

19 Jun The Pulse NOLA: Palmetto Apartments sold for 6.4mm

Posted at 08:22h 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 3801 Joliet St Type: Multifamily Price: $6,432,000 ($51,871 / Unit) Buyer: Palmetto Apartments LLC Elifin's Notes: A Hamdan Sons Investments led entity purchases a large multifamily property in the Dixon area 1407 S Carrollton Ave Type: Office Price: $1,340,000 ($177.41 / SF) Buyer: ALI II LLC Elifin's Notes: Office property sells in the East...

19 Jun The Pulse LFT: Old Navy building at Acadiana Mall sold

Posted at 08:22h 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 119 Tucker Dr Type: Retail Price: $3,000,000 ($140.35 / SF) Buyer: ASIAN GROCERY STORE CO Elifin's Notes: Asian Grocery Store Company purchases the Old Navy property located on the Ambassador Caffery-side of the Mall of Acadiana 106 Oil Patch Rd Type: Industrial Price: $1,310,290 ($112.66 / SF) Buyer: DAP VENTURES LLC Elifin's Notes: A newly...

12 Jun Top Permits issued in the New Orleans area, May 26 – June 8, 2023

Posted at 10:03h in Commercial, News, Research by Elizabeth Novit 0 Comments

// Article originally appeared in New Orleans City Business on June 12, 2023 At the close of the week, permits were granted with regards to electrical services at 609 Jackson Avenue in New Orleans; although renovation plans were formally approved in 2016, the site has not undergone much in the way of improvement since its former occupant vacated in 1979. With...

12 Jun The Pulse NOLA: 124 Acres in Bridge City sold

Posted at 09:06h 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 500 Seven Oaks Blvd Type: Mixed-Use Price: $3,000,000 ($152.28 / SF) Buyer: SEVEN OAKS INVESTMENTS LLC Elifin's Notes: Eddie Hamdan-led entity purchases a total of 124+ acres with a industrial building and facility on 10 acres of the site in the Bridgeview Park area of Bridge City 1621 L and...

12 Jun The Pulse LFT: City of Scott purchases 21 acres

Posted at 09:05h 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 2807 Bonin Rd Type: Land Price: $1,943,680 ($3.67 / Land SF) Buyer: BONIN DEVELOPMENT LLC Elifin's Notes: Lafayette based entity purchases a 12+ acre parcel of land, a portion of a larger pre-existing parcel, on Bonin Road in Youngsville 605 Mills St Type: Land Price: $835,000 ($0.89 / Land SF) Buyer: SCOTT CITY OF Elifin's...

12 Jun The Pulse BR: TJ Ribs on Siegen sells for 2.5mm

Posted at 08:59h 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 6330 Siegen Lane Type: Retail Price: $2,500,000 ($353.01 / SF) Buyer: SDP LA Baton Rouge 1 LLC Elifin's Notes: TJ Ribs sells its Siegen Lane location to Streamline Development Partners, an Oxford-based retail investment firm. 13435 Hooper Rd Type: Retail Price: $924,000 ($367.40 / SF) Buyer: Harlakh LLC Elifin's Notes: Local investor purchases former...

05 Jun The Pulse LFT: Former Royal Panda on W Pinhook Rd sells

Posted at 09:20h 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 2418 W Pinhook Rd Type: Retail Price: $1,200,000 ($185.47 / SF) Buyer: DOUBLE LIN REALTY LLC Elifin's Notes: Former Royal Panda restaurant property sells near the intersection of Verot School Road and West Pinhook Road 340 Griffin Rd Type: Land Price: $1,030,000 ($0.83 / Land SF) Buyer: OVERTON HOMES LLC Elifin's Notes: Local entity purchases...

05 Jun The Pulse NOLA: 274 Unit Oakmont of Algiers sell

Posted at 08:36h 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 2200 Westbend Pkwy Type: Multifamily Price: $4,500,000 ($16,423 / Unit) Buyer: ZURQUI LLC Elifin's Notes: As one of three sales this week as a result of the same bankruptcy proceeding, Baton Rouge-based investors purchase the Oakmont of Algiers apartment complex in the Behrman area 1445 Lapalco Blvd Type: Land Price: $3,500,000 ($9.17...

05 Jun The Pulse BR: Settlement at Shoe Creek tract sells for 1.75mm

Posted at 08:34h 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 Tract A Sullivan Rd Type: Land Price: $1,750,000 ($158.33 / Land SF) Buyer: Central/Won LLC Elifin's Notes: Unit A of the Settlement at Shoe Creek development sells to Houston-based real estate investor. 751 W Lee Dr Type: Land Price: $1,012,000 ($20.03 / Land SF) Buyer: Benny's Lee LLC Elifin's Notes: Benny's Carwash purchases vacant...

02 Jun Top Permits issued in the New Orleans area, May 12-25, 2023

Posted at 10:05h in Commercial, News, Research by Elizabeth Novit 0 Comments

// Article originally appeared in New Orleans City Business on June 1, 2023 Over 620 permits were issued in Orleans Parish alone over the course of the last two weeks. Although Tulane University’s desire to do so was formally announced last year, permits were granted this week to raze Irby, Phelps, and Paterson Halls. Ensconced in the near-center of campus, Paterson was...