Research

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 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 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...

24 Jul Top Permits issued in the New Orleans area, July 24, 2023

Posted at 16:37h in Commercial, News, Research by ELIFIN® 0 Comments

// Article originally appeared in New Orleans City Business on July 24, 2023 Last week, permits were granted with regards to HVAC units at 420 Julia Street. Constructed in the 1880s, the former site of the Louisiana Children’s Museum was sold in 2019 to Nashville-based developer AJ Capital. Rumors about programming and use have swirled since the transaction took place, with...

24 Jul The Pulse LFT: Land adjacent to Acadiana Mall sold

Posted at 09:35h 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 5643 Johnston St Type: Land Price: $225,000 ($2.46 / Land SF) Buyer: CLOTEAUX PROPERTIES LLC Elifin's Notes: Local investor purchases 2.1+ acres off of Johnston Street between the Best Buy and the Acadiana Mall Commercial Permits Issued Last Week .tg {border-collapse: collapse;border-color: #ccc;border-spacing: 0;border: 1px solid rgba(0, 0, 0, 0.12);background-color: #fff;width: 100%;} .tg...

24 Jul The Pulse NOLA: Huntington Park apartments sell for 15mm

Posted at 09:28h 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 7019 Crowder Boulevard Type: Multifamily Price: $15,000,000 ($93,750 / Unit) Buyer: Huntington Park 23 LLC Elifin's Notes: Northeastern-based investor purchases the Huntington Park apartments in the Little Woods area 2543 Perdido St Type: Land Price: $2,100,000 ($31.93 / Land SF) Buyer: Perdido St__2543 Elifin's Notes: Investor purchases 1.5+ acres of commercial land with 15,000...

24 Jul The Pulse BR: Multifamily developer purchases 6 acres on Picardy Ave

Posted at 09:22h 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 2X Picardy Ave Type: Land Price: $6,175,000 ($22.15 / Land SF) Buyer: The Heights at Picardy LLC Elifin's Notes: The STOA Group, a Hammond-based multifamily development firm, purchase 6+ acres on Picardy Ave. 11412 Lake Sherwood Ave N Type: Office Price: $710,000 ($151.39 / SF) Buyer: LSABR LLC Elifin's Notes: Creekstone Office Park...

17 Jul The Pulse LFT: The Axis Lafayette apartments on Theater Street sell

Posted at 09:07h 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 200 Theater St Type: Multifamily Price: $10,950,000 ($20,897 / Unit) Buyer: ACADIA BEND LLC Elifin's Notes: The Axis Lafayette, apartment complex, sells to an Alabama-based entity for $10.95 MM near Cajun Field off of Theater Street, named for the once famous Westwood Theater 1921 Kaliste Saloom Rd, Suite 124 Type: Retail Price: $481,000...

17 Jul The Pulse NOLA: Travelodge Hotel in West Harvey sells

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 2200 Westbank Expy Type: Hospitality Price: $4,300,000 ($20,283 / Unit) Buyer: SHREE MAA AMBE LLC Elifin's Notes: Entity purchases the Travelodge Hotel in West Harvey 2231 Peters Rd Type: Industrial Price: $1,100,000 ($31.28 / SF) Buyer: 2231 PETERS ROAD LLC Elifin's Notes: Local industrial business owner purchases an industrial property with warehouse and office...

17 Jul The Pulse BR: The Lodges at 777 on Ben Hur sell

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 777 Ben Hur Road Type: Multifamily Price: $84,400,000 ($220,942 / Unit) Buyer: LMP Baton Rouge Property Owner LLC Elifin's Notes: The Lodges at 777, a 382 unit apartment complex near LSU's campus, sells to Landmark Properties, a Georgia-based multifamily investment firm. 18222 E Petroleum Dr Type: Industrial Price: $3,800,000 ($124.50 / SF) Buyer:...