The Pulse: New Orleans

26 Dec The Pulse NOLA: Former Our Lady of Lourdes Sanctuary sold

Posted at 08:38h 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 2400 Napoleon Ave Type: Retail Price: $1,250,000 ($105 / SF) Buyer: 2400 NAPOLEON AVENUE LLC Elifin's Notes: Local investors purchase the historic former Our Lady of Lourdes Catholic Church Sanctuary, consisting of 11,889 sq ft of space in the Freret area 4432 Conlin St Type: Office Price: $1,057,479 ($176,247 / Unit) Buyer: 4432...

19 Dec The Pulse NOLA: Large medical facility on Poydras sold

Posted at 09:13h 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 516 Natchez St Type: Multifamily Price: $2,850,000 ($475,000 / Unit) Buyer: MIURA LLC Elifin's Notes: Local investor acquires a three-story six unit luxury apartment building with 1BR/1BA and 2BR/2.5BA configurations in the Central Business District area. 1641 Poland Ave; 1604 Kentucky St Type: Industrial Price: $1,750,000 ($65 / SF) Buyer: R&C BUILDING MATERIALS...

12 Dec The Pulse NOLA: Holiday Inn Express near MSY Airport sells

Posted at 09:13h 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 1801 32nd St Type: Hospitality Price: $9,800,000 ($93,333 / Unit) Buyer: VIVEK&JAY LA LLC Elifin's Notes: Local investor acquires the Holiday Inn Express - Kenner New Orleans Airport property, with 105 rooms, in the Highway Park area 744, 748 Camp St, New Orleans, LA 70130 Type: Mixed-Use Price: $2,250,000 ($101 / SF) Buyer:...

05 Dec The Pulse NOLA: Hobby Lobby purchases historic building on Magazine Street

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 1556 Lapalco Blvd Type: Retail Price: $3,466,667 ($254 / SF) Buyer: NATIONAL RETAIL PROPERTIES LP Elifin's Notes: Maryland-based corporation acquires the approximately 13,653 sq ft Walgreens building retail property in the Harvey area 1420 Lapalco Blvd Type: Land Price: $1,170,000 ($11.83 / Land SF) Buyer: BUSINESS PROPERTY LLC Elifin's Notes: Local investor purchases 2.27...

28 Nov The Pulse NOLA: Land sold near MSY Airport

Posted at 09:15h 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 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...

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

Posted at 08:56h 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 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...

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

Posted at 10:00h 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 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...

07 Nov The Pulse NOLA: French Quarter apartments sell for 2.8mm

Posted at 09:21h 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 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...

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

Posted at 09:44h 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 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...

24 Oct The Pulse NOLA: Canal Street hotel sold to Atlanta investor

Posted at 09:32h 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 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...