The Pulse: New Orleans

The Pulse NOLA: Harvey investor purchases two hotels in the Warehouse District

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 301A Funston St, New Orleans, LA 70123 Type: Industrial Price: $800,000 ($103.36 / SF) Buyer: ELEMENTAL STYLE&STRUCTURE LLC Elifin's Notes: An industrial flex warehouse space sells in Elmwood 13 24th St, Kenner, LA 70062 Type: Industrial Price: $565,000 ($99.12 / SF) Buyer: 13 W 24TH LLC Elifin's Notes: An industrial property along with adjacent...

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The Pulse NOLA: Norma’s Sweets in Mid City purchases building

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 850 Kenner Ave, Kenner, LA 70062 Type: Industrial Price: $475,000 ($57.82 / SF) Buyer: WASTE PRO OF LOUISIANA INC Elifin's Notes: An industrial property sells just south of the Airport in Kenner 2915 Bienville St, New Orleans, LA 70119 Type: Industrial Price: $375,000 ($98.92 / SF) Buyer: 2915 BIENVILLE PROPERTIES LLC Elifin's Notes: Norma's...

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The Pulse NOLA: Cox retail location on Elysian Fields sells for 4.85mm

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 3131 Elysian Fields Ave, New Orleans, LA 70122 Type: Retail Price: $4,850,000 ($326.64 / SF) Buyer: R&M PROPERTIES 3131 ELYSIAN FIELDS LLC Elifin's Notes: The Cox retail location on Elysian Fields sells as an investment property 7457 St Charles Ave, New Orleans, LA 70118 Type: Retail Price: $800,000 ($300.08 / SF) Buyer: A...

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The Pulse NOLA: French Quarter property purchased by Bevolo Gas & Electric Lights

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 520 Conti St, New Orleans, LA 70130 Type: Multifamily Price: $1,100,000 ($220,000 / Unit) Buyer: BEVOLO GAS & ELECTRIC LIGHTS LLC Elifin's Notes: Bevolo Gas & Electric Lights acquires a commercial property within the French Quarter on Conti Street 3308 Washington Ave, New Orleans, LA 70125 Type: Multifamily Price: $615,200 ($30,760 /...

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The Pulse NOLA: Gayle Benson purchases land, 65mm apartment sale

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 1499 Central Park Blvd, Harvey, LA 70058 Type: Multifamily Price: $65,000,000 ($180,556 / Unit) Buyer: FC HARVEY LLC Elifin's Notes: The Waters at Manhattan, a 360-unit multifamily property in Harvey, sells 6364 Woodland Hwy, New Orleans, LA 70131 Type: Multifamily Price: $6,500,000 ($43,046 / Unit) Buyer: 9900 TIMBER RIDGE LLC Elifin's Notes: The Timber...

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The Pulse NOLA: Excelth purchases their location in Algiers

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 4422 General Meyer Ave, New Orleans, LA 70131 Type: Healthcare Price: $1,325,000 ($39.18 / SF) Buyer: EXCELTH INC Elifin's Notes: Excelth, a primary health care company, purchases their location in Algiers adjacent to Edna Karr High School 809 Behrman Highway, Terrytown, LA 70056 Type: Retail Price: $1,150,000 ($115.00 / SF) Buyer: 809 BEHRMAN...

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The Pulse NOLA: Caluda’s Cottage Catering purchases their Elmwood location

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 1332 Esplanade Ave, New Orleans, LA 70116 Type: Multifamily Price: $1,125,000 ($187,500 / Unit) Buyer: 1332 ESPLANADE AVE LLC Elifin's Notes: A 6-unit multifamily property changes hands in Tremé 1536 River Oaks Rd W, New Orleans, LA 70123 Type: Industrial Price: $965,000 ($112.21 / SF) Buyer: COFFEE COTTAGE INC Elifin's Notes: Caluda's Cottage Catering...

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The Pulse NOLA: St. Claude convenience store sells for 1.8mm

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 3200 Saint Claude Ave, New Orleans, LA 70117 Type: Retail Price: $1,800,000 ($473.68 / SF) Buyer: ADAM AND MOE LLC Elifin's Notes: Gretna-based investor purchases a convenience store property with a parking lot sitting along Saint Claude Avenue next to the other property he bought this past week 2218 Poydras...

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The Pulse NOLA: Charter school property sells for 27.5mm

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 979 Behrman Highway, Terrytown, LA 70056 Type: Specialty Price: $27,500,755 ($305.56 / SF) Buyer: ATHLOS ACADEMY OF JEFFERSON Elifin's Notes: Athlos Academy of Jefferson purchases their charter school property in Terrytown 1212 27th Street, Kenner, LA 70062 Type: Industrial Price: $400,000 ($57.47 / SF) Buyer: PRADAT INVESTMENTS LLC Elifin's Notes: An industrial flex property...

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The Pulse NOLA: Truck terminal sells for 4.9mm

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 12169 Old Gentilly Rd, New Orleans, LA 70129 Type: Industrial Price: $4,915,000 ($251.28 / SF) Buyer: CROWN ENTERPRISES LLC Elifin's Notes: Through Yellow Trucking's bankruptcy bidding process, this truck terminal was one of eight properties purchased by Crown Enterprises LLC, a Michigan-based commercial real estate development entity 2401 Connecticut Ave,...

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