The Pulse: New Orleans

Howard Tower sells

The January 9, 2023 issue covers thirteen commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: 1000 HOWARD LLC, Lafayette-based investors, bought the 1000 Howard Building on Howard Avenue, 12 stories plus basement with 84,466 SF of office space. Mixed-use led the week with five of the thirteen sales, including the former Ronald McDonald...

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Golden Key Apartments sell

The January 2, 2023 issue covers three commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: ARTSCAPE APARTMENTS LLC, an organization led by William Shane, Jr., bought the former Golden Key apartment complex, 93 units in the Hessmer Farms area of Metairie. The other two sales were retail: a 3,540 SF multi-unit space on...

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Former Our Lady of Lourdes Sanctuary sold

The December 26, 2022 issue covers seven commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: 2400 NAPOLEON AVENUE LLC, a group of local investors, bought the historic former Our Lady of Lourdes Catholic Church Sanctuary, 11,889 SF on Napoleon Avenue in the Freret area. Retail led the week with three of the seven...

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Large medical facility on Poydras sold

The December 19, 2022 issue covers nine commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: MIURA LLC, a local investor, bought a three-story, six-unit luxury apartment building on Natchez Street in the Central Business District. Retail led the week with three of the nine sales, including a New York-based group's purchase of a...

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Holiday Inn Express near MSY Airport sells

The December 12, 2022 issue covers eight commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: VIVEK&JAY LA LLC, a local investor, bought the 105-room Holiday Inn Express - Kenner New Orleans Airport on 32nd Street in the Highway Park area. Mixed-use and retail each accounted for two of the eight sales, including two...

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Hobby Lobby purchases historic building on Magazine Street

The December 5, 2022 issue covers ten commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: NATIONAL RETAIL PROPERTIES LP, a Maryland-based corporation, bought the approximately 13,653 SF Walgreens building on Lapalco Boulevard in Harvey. Office led the week with three of the ten sales, including a roughly 10-unit office property on Severn Avenue,...

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Land sold near MSY Airport

The November 28, 2022 issue covers seven commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: YANG QI HOLDINGS LLC bought 8.94 acres of land on Howard Avenue next to the B.W. Cooper area. Land, retail and multifamily each accounted for two of the seven sales, including 3.26 acres zoned for general commercial across...

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80 unit apartment complex sold to NY investors

The November 21, 2022 issue covers ten commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: PLAZA PARK TARA LN LLC, a group of New York-based investors, bought an 80-unit apartment complex in the West Lake Forest area. Multifamily and industrial each accounted for three of the ten sales, including a three-building, 12-unit property...

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Former Burger King sold to Arizona-based group

The November 14, 2022 issue covers fifteen commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: SHORE CAPITAL REAL ESTATES PARTNERS HOLDCO LLC, a Chicago-based real estate company, bought a 9,665 SF retail property on David Drive in the Lelia Place area. Industrial led the week with seven of the fifteen sales, including a...

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French Quarter apartments sell

The November 7, 2022 issue covers ten commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: 801 PATTERSON OWNER LLC, a local investment group, bought a 15-unit garden apartment property in the French Quarter near the historic French Market. Multifamily and office each accounted for three of the ten sales, including an eight-unit property...

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