Research

30 Oct The Pulse BR: Wayne Stablier purchases property near Amazon

Posted at 09:47h 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 1655 N Airway Dr Type: Industrial Price: $800,000 ($68.97 / SF) Buyer: Catering Cajun Properties LLC Elifin's Notes: Wayne Stablier purchases industrial property on N Airway Dr. 234 Richland Ave Type: Multifamily Price: $790,000 ($79,000 / Unit) Buyer: Midcity Acquisition Group LLC Elifin's Notes: Local investors purchase a 10-unit apartment building in Mid City. 6721...

30 Oct The Pulse NOLA: The Madison Garden Apartments sell in Metairie

Posted at 09:46h 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 221 N Laurel St Type: Multifamily Price: $5,750,000 ($97,458 / Unit) Buyer: MADISON GARDENS ESTATES LLC Elifin's Notes: A New York-based investor purchases the 59-unit Madison Garden Apartments in Metairie 1101 Veterans Memorial Blvd Type: Retail Price: $1,200,000 ($600.00 / SF) Buyer: KMHSHELL LLC Elifin's Notes: Lulling-based investors purchase a Shell gas station in...

30 Oct The Pulse LFT: 3.77 Acres sell in the Primeaux Business Park of Carencro

Posted at 09:36h 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 6209 Cameron St Type: Self Storage Price: $2,750,000 ($32,353 / Unit) Buyer: ACADIANA COASTAL HOLDINGS LLC Elifin's Notes: The Short's RV & Boat Storage property in Scott sells to a trio of local investors 100 Schambo Ln Type: Land Price: $400,000 ($2.44 / Land SF) Buyer: JHDTLC LLC Elifin's Notes: A Texas-based entity, made up...

23 Oct The Pulse NOLA: Pair of industrial properties sell for 1mm

Posted at 08:58h 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 2432 Dawson St Type: Industrial Price: $1,075,000 ($113.06 / SF) Buyer: WAREHOUSE DISTRICT LLC Elifin's Notes: A pair of industrial properties sell within the Bainbridge Office & Industrial Park 4836 W Esplanade Ave Type: Specialty Price: $486,000 ($93.46 / SF) Buyer: IGLESIA CRISTIANA FILADELFIA Elifin's Notes: Iglesia Cristiana Filadelfia purchases the religious facility located...

23 Oct The Pulse BR: Hotel on Harding Blvd sells for 3.7mm

Posted at 08:57h 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 3444 Harding Blvd Type: Hospitality Price: $3,700,000 ($47,436 / Unit) Buyer: Maruti Hotel LLC Elifin's Notes: Microtel Inn & Suites, a 78-unit hotel, sells at the corner of Howell Blvd and Harding Rd. 7077 S Choctaw Dr Type: Industrial Price: $2,851,983 ($38.03 / SF) Buyer: Ryan Jumonville Elifin's Notes: Destin-based investor purchases facility on...

23 Oct The Pulse LFT: Large industrial property sells for 2mm

Posted at 08:56h 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 401 Apollo Rd Type: Industrial Price: $2,000,000 ($24.54 / SF) Buyer: RANDOLPH MCCORMICK REALTY INC Elifin's Notes: An 81,000+ sq ft, industrial property sells along Apollo Road in Scott 700 E Milton Ave Type: Land Price: $525,000 ($1.16 / Land SF) Buyer: ALLIES DEVELOPMENT & CONSULTING LLC Elifin's Notes: A pair of local individuals purchase...

20 Oct Market Report – New Orleans, LA – September 2023

Posted at 07:59h in Market Report: New Orleans, Research by ELIFIN® 0 Comments

DOWNLOAD FULL REPORT (PDF) Overall Dollar Volume is down 4.62% The trailing 12 month total dollar volume of sales was $700.4M at the end of Sep 2023 vs. $734.4M at the end of the prior month. Overall Deal Velocity is up 4.36% The trailing 12 month sale count was 407 at the end of Sep 2023 vs. 390 at the end of the prior...

20 Oct Market Report – Baton Rouge, LA – September 2023

Posted at 07:56h in Market Report: Baton Rouge, Research by ELIFIN® 0 Comments

DOWNLOAD FULL REPORT (PDF) Overall Dollar Volume is down 16.13% The trailing 12 month total dollar volume of sales was $680.8M at the end of Sep 2023 vs. $811.8M at the end of the prior month Overall Deal Velocity is down 3.63% The trailing 12 month sale count was 425 at the end of Sep 2023 vs. 441 at the end of the prior...

16 Oct Top Permits issued in the New Orleans area, October 16, 2023

Posted at 13:35h in Commercial, News, Research by ELIFIN® 0 Comments

// Article originally appeared in New Orleans City Business on October 16, 2023 Interior work has been permitted to begin at 714 Baronne St., the ground-floor, retail component of 710 Baronne St., itself a 69,000-square-foot redevelopment in the Warehouse District. In addition to the 9,000 square feet of commercially used space, 46,000 square feet on the upper levels are being built...

16 Oct The Pulse BR: Central shopping center sells for 2.6mm

Posted at 08:47h 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 14790 Wax Rd Type: Retail Price: $2,600,000 ($135.42 / SF) Buyer: Wax Pointe LLC Elifin's Notes: Local investor purchases shopping center in Central anchored on both ends by Las Palmas and Johnny's Pizza. 5215 Perkins Rd Type: Retail Price: $1,628,000 ($266.89 / SF) Buyer: Shore Capital Real Estate Partners Holdco LLC Elifin's Notes: Perkins...