The Pulse: New Orleans

The Pulse NOLA: Land sold near MSY Airport

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 3800 Howard Avenue Type: Land Price: $12,500,000 ($32.09 / Land SF) Buyer: YANG QI HOLDINGS LLC Elifin's Notes: 8.94 acres of land sold along Howard Avenue adjacent to the B.W. Cooper area 851 E Airline Drive Type: Land Price: $1,525,000 ($10.74 / Land SF) Buyer: CAR MASS LLC Elifin's Notes: Sale of a 3.26...

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The Pulse NOLA: 80 unit apartment complex sold to NY investors

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 6711, 6725, 6741, 6747, 6759, 6769, 6801, 6817 Tara Ln Type: Multifamily Price: $6,100,000 ($76,250 / Unit) Buyer: PLAZA PARK TARA LN LLC Elifin's Notes: New York-based investors acquire a 80-unit apartment complex, with configurations of: 1BR/1BA, 2BR/1BA, 2BR/2BA and 3BR/2BA, in the West Lake Forest area. 2600, 2604, 2608...

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The Pulse NOLA: Former Burger King sold to Arizona-based group

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 2212 David Dr Type: Retail Price: $2,665,000 ($276 / SF) Buyer: SHORE CAPITAL REAL ESTATES PARTNERS HOLDCO LLC Elifin's Notes: Chicago-based real estate company acquires a 9,665 sq ft retail property in the Lelia Place area 2413, 2417-2419, 2425, 2445 Aberdeen St Type: Industrial Price: $1,000,000 ($82 / SF) Buyer: KCKB PROPERTIES LLC Elifin's...

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The Pulse NOLA: French Quarter apartments sell for 2.8mm

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 516, 518-520, 524 Governor Nicholls St Type: Multifamily Price: $2,800,000 ($186,667 / Unit) Buyer: 801 PATTERSON OWNER LLC Elifin's Notes: Local investment group acquires a 15-unit garden apartment property with a unit mix including ten 1BR/1BA, four 2BR/1BA, and one 2BR/2.5BA in the French Quarter area near the historic...

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The Pulse NOLA: California Building on Tulane Ave sells for 38 million

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 1111 Tulane Ave Type: Multifamily Price: $38,000,000 ($226,190 / Unit) Buyer: CBT INVESTORS LLC Elifin's Notes: Covington-based investment group purchases the California Bulding along Tulane Avenue in the Central Business District. The property is a ten-story building, the first floor is devoted to retail space and the remainder has...

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The Pulse NOLA: Canal Street hotel sold to Atlanta investor

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 6201, 6207, 6211-6215 Franklin Ave, 2617 Allen Toussaint Blvd, New Orleans, LA 70122 Type: Retail Price: $560,000 ($280,000 / Unit) Buyer: FRANKLIN SB LLC Elifin's Notes: A two-unit retail property made up of 6,898 sq ft in usable space sitting on 0.5 acres in the Milneburg area has sold...

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The Pulse NOLA: Liuzza’s Restaurant and Bar property sold

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 3622, 3626, 3636 Bienville Avenue; 224, 228 N Telemachus St Type: Retail Price: $1,600,000 ($446 / SF) Buyer: MID CITY LANDMARK LLC Elifin's Notes: Investment group acquires the Liuzza's Restaurant and Bar property in the Mid-City area consisting of a two-story 3,586 sq ft building sitting on 0.27 acres...

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The Pulse NOLA: Industrial property in Mid City sold for 3.1 million

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 331 N Alexander St, New Orleans, LA 70119 Type: Industrial Price: $3,100,000 ($44 / SF) Buyer: SQ 582 HOLDINGS LLC Elifin's Notes: Local investor buys nearly a full city block consisting of several industrial warehouse type buildings totaling 71,196 sq ft of space sitting on 1.9 acres in the...

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The Pulse NOLA: iHeart Media building sold in Downtown

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 915, 929, 953 Howard Ave Type: Specialty Price: $3,579,500 ($201 / SF) Buyer: NEW ORLEANS PROPERTY PARTNERS LLC Elifin's Notes: Florida-based investment group acquired the three-story 17,765 sq ft iHeart Media Building, constructed for the purpose of offices and radio production studio, sitting on a 0.76 acre lot with...

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The Pulse NOLA: Tulane renovation permits total 59 million

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 1804 Magazine St, 1805 Hastings Place Type: Retail Price: $825,000 ($418 / SF) Buyer: HEARTBREAK BEAT LLC Elifin's Notes: Local investment group acquires two-story building with 1,973 sq ft of retail space along Magazine Street in the Lower Garden District area 744 Camp St Type: Retail Price: $300,000 ($55 / SF) Buyer: AMERICAN...

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