The Pulse: New Orleans

The Pulse NOLA: Famous Uptown Pascal’s Manale Restaurant sells

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 15200 Chef Menteur Hwy Type: Retail Price: $1,685,000 ($210 / SF) Buyer: TEJANI HOLDINGS LOUISIANA LLC Elifin's Notes: Vinton, Louisiana-based investors purchase a two building property home to the former Jubilee Casino and a separate building with a Truck Stop/Gas Station/Restaurant in the Venetian Isles area 201 N Wilson St Type:...

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The Pulse NOLA: Magazine Street retail building sells for 1mm

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 4011 Magazine St Type: Retail Price: $1,000,000 ($513 / SF) Buyer: FORTY ELEVEN LLC Elifin's Notes: Local purchasers acquire a two-story retail building in the Touro area along Magazine Street 819, 821, 823 N Broad St Type: Retail Price: $750,000 ($135 / SF) Buyer: BROAD VENTURES LLC Elifin's Notes: Local investment group purchases a...

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The Pulse NOLA: Your Weekly Sales plus Elifin named Company of Year by Business Report

A weekly update on the commercial real estate landscape of New Orleans. Business Report names ELIFIN® Company of The Year Commercial Sales Recorded Last Week 608 Farmington Pl, 1960 Daniels Rd Type: Multifamily Price: $13,044,231 ($42,909 / Unit) Buyer: TERRYTOWN RESIDENCES LLC Elifin's Notes: Local investor Imad Hamdan purchases the Louisburg Square Apartments, 304 units with 1BR/1BA, 2BR/1BA, and 3BR/2BA configurations, in the Terrytown/Gretna area 1801 Hector Street,...

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The Pulse NOLA: 11-Unit Boutique Hotel in Uptown sells

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 806, 816 Adams St, 7706 Burthe St Type: Multifamily Price: $1,449,000 ($181,125 / Unit) Buyer: CMP 1 LLC Elifin's Notes: Local investors purchase three adjoining parcels of three multifamily buildings, totaling 8 units: one has six units, one is a 1BR/1BA, and the last is a 3BR/1BA traditional home. 4417...

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The Pulse NOLA: 96-Unit TownePlace Suites by Marriott sells

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 4534 Belle Dr Type: Land Price: $200,000 ($31.59 / Land SF) Buyer: GOVERNMENT ENTERPRISES LLC Elifin's Notes: Local investor purchases 0.15 acres of land with a C-1 zoning classification according to the Jefferson Parish Zoning Map in the Pontchartrain Shores area of Metairie. 1519, 1523 Touro St; 2014 N Claiborne...

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The Pulse NOLA: Magnolia Mansion in Garden District sells

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 2515-2517, 2519-2521 Chartres St Type: Hospitality Price: $1,500,000 ($136,364 / Unit) Buyer: 2515-21 CHARTRES LLC Elifin's Notes: Local investors purchase the, 11-unit, Lions Inn Bed & Breakfast in the Marigny in two separate transactions. 132 Allen Toussaint Blvd Type: Office Price: $922,000 ($384 / SF) Buyer: DUKE LANA Elifin's Notes: Local purchaser acquires a...

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The Pulse NOLA: Gretna convenience store sells for 3.1mm

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 101 Westbank Expy Type: Retail Price: $3,100,000 ($4,429 / SF) Buyer: HALO 17 LLC Elifin's Notes: Local investors purchase a centrally located Convenience Store/Gas Station property along the Westbank Expressway in Gretna 2331 Pailet Ave Type: Industrial Price: $615,000 ($38 / SF) Buyer: GOLDIN PROPERTIES INC Elifin's Notes: Mississippi-based investors purchase a 16,400 sq...

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The Pulse NOLA: St. Bakhita Apartments in Marrero sell for 3mm

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 8814 Veterans Memorial Blvd Type: Retail Price: $4,600,000 ($141 / SF) Buyer: LUCKY SEVEN LLC Elifin's Notes: This two-story, 32,740 sq ft, retail center with 14 units in the Westgate area was bought as part of an Anthony Marullo and Bradley Jongbloed investment team purchase of two retail centers...

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The Pulse NOLA: Esplanade Mall in Kenner sells for 10mm

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 1401 W Esplanade Ave Type: Retail Price: $10,000,000 ($14 / SF) Buyer: PACIFICA KENNER LLC Elifin's Notes: Illinois-based developer purchases the Esplanade Mall property in Kenner 3216 W Esplanade Ave Type: Retail Price: $2,350,000 ($143 / SF) Buyer: LUCKY SEVEN LLC Elifin's Notes: The 16,380 sq ft, 16-unit, Petite Esplanade Shopping Center was bought...

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The Pulse NOLA: WWII Museum purchases 15,000 sf warehouse on Magazine Street

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 1060 Magazine St Type: Retail Price: $2,138,000 ($143 / SF) Buyer: NATIONAL WORLD WAR II MUSEUM INC Elifin's Notes: The World War II Museum purchases a 15,000 sq foot multi-use warehouse space along Magazine Street in the Warehouse District 2600-2602 Chartres St, 535 Franklin Ave Type: Retail Price: $1,150,000 ($259 / SF) Buyer:...

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