The Pulse: New Orleans

24 May The Pulse NOLA: Ramada Inn in Metairie trades for 8mm

Posted at 17:42h 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 3400 S I 10 Service Rd W, Metairie, LA 70001 Type: Hospitality Price: $8,000,000 ($41,451 / Unit) Buyer: NOLA HOTEL PROPERTIES LLC Elifin's Notes: A 193-unit hotel property changes ownership on South I-10 Service Road West. 609, 611 Royal St, New Orleans, LA 70130 Type: Mixed-Use Price: $2,975,000 ($448.72 / SF) Buyer: C...

18 May The Pulse NOLA: Nonprofit purchases 500,000 sqft building downtown

Posted at 08:48h 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 1401 Whitney Ave, Gretna, LA 70053 Type: Multifamily Price: $1,515,000 ($89,118 / Unit) Buyer: 1414 ROMAIN ST LLC Elifin's Notes: A 17-unit apartment complex trades in Gretna. 1190 Terry Pkwy, Terrytown, LA 70056 Type: Retail Price: $855,000 ($258.31 / SF) Buyer: HALO 22 LLC Elifin's Notes: A Wendy's occupied QSR property changes hands on...

11 May The Pulse NOLA: 7Brew Coffee purchases tract of land

Posted at 07:51h 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 3812 Ridgelake Dr, Metairie, LA 70002 Type: Office Price: $1,793,000 ($154.57 / SF) Buyer: DUAL FOCUS VISIONARY HOLDINGS LLC Elifin's Notes: A multi-unit medical office property sells on Ridgelake Drive. 6100 Elysian Fields Ave, New Orleans, LA 70122 Type: Office Price: $1,740,000 ($198.90 / SF) Buyer: ELYSIAN PLACE LLC Elifin's Notes: A two-story office...

04 May The Pulse NOLA: Large single-family home portfolio sold

Posted at 09:14h 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 1200 Poydras St (Retail Unit), New Orleans, LA 70113 Type: Retail Price: $7,272,000 ($421.08 / SF) Buyer: ANTANTA LLC Elifin's Notes: A Florida-based company acquires the first floor, a retail unit, of the building at 1200 Poydras Street. 840 Sherry Lane, Westwego, LA 70094 Type: Multifamily Price: $3,700,000 ($59,677 / Unit) Buyer:...

27 Apr The Pulse NOLA: California company purchases Walnut Square apartments

Posted at 07:27h 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 2564 Barataria Blvd, Marrero, LA 70072 Type: Retail Price: $2,150,000 ($231.53 / SF) Buyer: BZCP MARRERO LA LLC Elifin's Notes: A New York-based company purchases a CVS Pharmacy property on Barataria Boulevard. 3100 19th St, Metairie, LA 70002 Type: Retail Price: $2,047,933 ($172.46 / SF) Buyer: NORBO PROPERTIES LAKEVIEW LLC Elifin's Notes: The former...

20 Apr The Pulse NOLA: ELIFIN is growing and hiring + Last week’s sales

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 4227, 4229 Royal St, New Orleans, LA 70117 Type: Industrial Price: $1,150,000 ($70.23 / SF) Buyer: T & G INVESTMENTS LLC Elifin's Notes: An industrial warehouse property occupied by a marine supply company sells on Royal Street. 4713 Utica St, Metairie, LA 70006 Type: Office Price: $623,000 ($150.30 / SF) Buyer: IUEC LOCAL...

13 Apr The Pulse NOLA: One Canal Place sold for 27.8mm

Posted at 10:08h 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 365 Canal St, New Orleans, LA 70130 Type: Office Price: $27,875,000 ($42.72 / SF) Buyer: AGGREGATED HOLDINGS OF NEW ORLEANS LLC Elifin's Notes: A New York-based entity purchases One Canal Place, a 32-story 650k sq ft office tower. 7001 Lawrence Rd, New Orleans, LA 70126 Type: Multifamily Price: $3,750,000 ($14,259 / Unit) Buyer:...

06 Apr The Pulse NOLA: Cornstalk Hotel in French Quarter sells

Posted at 08:34h 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 2424, 2434, 2444 Manhattan Blvd, Harvey, LA 70058 Type: Retail Price: $14,000,000 ($116.71 / SF) Buyer: MANHATTAN CROSSING LLC Elifin's Notes: A New York-based company acquires a shopping center on Manhattan Boulevard. 4401 Euphrosine St, New Orleans, LA 70125 Type: Industrial Price: $2,000,000 ($73.64 / SF) Buyer: 4401 EUPHROSINE LLC Elifin's Notes: A local...

30 Mar The Pulse NOLA: Aldi-anchored center sold to Michigan company

Posted at 09:41h 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 845 Carondelet St, New Orleans, LA 70130 Type: Retail Price: $1,500,000 ($217.39 / SF) Buyer: BEARCAT ENTERPRISES LLC Elifin's Notes: The owner of Bearcat CBD, a popular local eatery, purchases its location on Carondelet Street. 2820 Canal St, New Orleans, LA 70119 Type: Office Price: $815,000 ($99.17 / SF) Buyer: SILVA INVESTMENT PROPERTIES...

23 Mar The Pulse NOLA: Daiquiri shop in Grand Isle sold

Posted at 08:49h 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 7700 Maple St, New Orleans, LA 70118 Type: Retail Price: $1,400,000 ($828.89 / SF) Buyer: PROCTOR , SARA RAE ZEGELBONE Elifin's Notes: A former Starbucks branch property sells at the corner of Maple and Adams Streets. 3001 Gen De Gaulle Dr, New Orleans, LA 70114 Type: Office Price: $917,500 ($115.99 / SF) Buyer:...