Research

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...

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

Posted at 16:41h in Commercial, News, Research by ELIFIN® 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...

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...

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...

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...

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...

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...

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:...

26 Jul Market Report – New Orleans, LA – June 2023

Posted at 14:49h in Insights, Market Report: New Orleans, Research by ELIFIN® 0 Comments

DOWNLOAD FULL REPORT (PDF) Overall Dollar Volume is down 7.88% The trailing 12 month total dollar volume of sales was $896.3M at the end of Jun 2023 vs. $973.0M at the end of the prior month. Overall Deal Velocity is down 3.29% The trailing 12 month sale count was 459 at the end of Jun 2023 vs. 475 at the end of the prior...

26 Jul Market Report – Baton Rouge, LA – June 2023

Posted at 14:47h in Insights, Market Report: Baton Rouge, Research by ELIFIN® 0 Comments

DOWNLOAD FULL REPORT (PDF) Overall Dollar Volume is down 7.48% The trailing 12 month total dollar volume of sales was $935.2M at the end of Jun 2023 vs. $1.011B at the end of the prior month. Overall Deal Velocity is down 2.2% The trailing 12 month sale count was 494 at the end of Jun 2023 vs. 505 at the end of the prior...