The Pulse: New Orleans

The Pulse NOLA: LSU Board of Supervisors purchases land

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 2104-2132 Tulane Ave; 417 S Johnson St; 420-528 S Galvez St; 2109, 2111 Gravier St, New Orleans, LA 70112 Type: Land Price: $3,062,000 ($75.25 / Land SF) Buyer: BOARD OF SUPERVISORS OF LOUISIANA STATE UNIVERSITY Elifin's Notes: The LSU Board of Supervisors purchases 0.9+ acres of land, across 8...

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The Pulse NOLA: Art gallery property on Magazine sold

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 8739 Oak St, New Orleans, LA 70118 Type: Retail Price: $815,000 ($267.74 / SF) Buyer: OAK & EAGLE HOLDINGS LLC Elifin's Notes: A retail property sitting on a triple lot changes ownership on Oak Street. 2401 Jefferson Hwy, New Orleans, LA 70121 Type: Retail Price: $800,000 ($320.00 / SF) Buyer: S & R...

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The Pulse NOLA: Sidney Torres purchases industrial property near Superdome

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 4154 Saint Ann Dr, Kenner, LA 70065 Type: Land Price: $3,600,000 ($10.55 / Land SF) Buyer: KHAN KENNER INVESTMENTS LLC Elifin's Notes: Over 7 acres of residential land sells within the Seton Parc Subdivision. 1925, 1929 Julia St, New Orleans, LA 70113 Type: Industrial Price: $766,742 ($63.11 / SF) Buyer: 1925 JULIA LLC Elifin's...

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The Pulse NOLA: Trinity Community Center changes hands

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 5131 Lapalco Blvd, Marrero, LA 70072 Type: Retail Price: $950,000 ($131.94 / SF) Buyer: IGLESIA EVANGELICA VISION DEREINO INC Elifin's Notes: Iglesia Evangelica Vison Dereino Inc acquires a restaurant property on Lapalco Boulevard in Marrero. 2001 Iberville St, New Orleans, LA 70112 Type: Specialty Price: $950,000 ($178.94 / SF) Buyer: HARVEST CHURCH OF...

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The Pulse NOLA: Property near French Market District sells

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 1200 Decatur St, New Orleans, LA 70116 Type: Mixed-Use Price: $1,625,000 ($196.54 / SF) Buyer: 1200 DECATUR BAR LLC Elifin's Notes: A three-story mixed use property with retail on the first two floors and two apartments on third floor sells at the corner of Decatur and Governor Nicholls Streets...

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The Pulse NOLA: Westminster Tower senior living propery sells

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 2301 Idaho Ave, Kenner, LA 70062 Type: Multifamily Price: $21,151,571 ($74,741 / Unit) Buyer: WESTMINSTER TOWER LP Elifin's Notes: A Tennessee-based company purchases Westminster Tower, a 285-unit senior living apartment property on Idaho Avenue. 1570 Westbank Expy, Harvey, LA 70058 Type: Retail Price: $1,336,250 ($641.81 / SF) Buyer: NABUT BROTHERS LLC Elifin's Notes: Nabut...

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The Pulse NOLA: Jefferson Parish Council buys retail property

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 3411 S Carrollton Ave, New Orleans, LA 70118 Type: Retail Price: $5,000,000 ($650.28 / SF) Buyer: RBC CAPITAL ENCORE LLC Elifin's Notes: RBC Capital Encore LLC acquires a convenience store/gas station property with multiple tenants at the corner of South Carrollton Avenue and Olive Street. 900 Bridge City Ave, Bridge...

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The Pulse NOLA: Mixed-use property sells in French Quarter

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 1212 Royal St, New Orleans, LA 70116 Type: Mixed-Use Price: $2,050,000 ($278.15 / SF) Buyer: 1212 ROYAL LLC Elifin's Notes: This mixed-use property has 2 street-level restaurant spaces and 8 residential units on the second floor. 2237, 2249 Arlington Ave, Harvey, LA 70058 Type: Industrial Price: $880,000 ($137.50 / SF) Buyer: HERO LANDS...

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The Pulse NOLA: Construction materials company purchases 3 properties

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 112 23rd St - 2308 Piedmont St, Kenner, LA 70062 Type: Industrial Price: $2,261,000 ($92.22 / SF) Buyer: SIV GRACE PROPERTIES LLC Elifin's Notes: SIV Grace Properties LLC acquires three industrial buildings and 0.36+ acre parcel of vacant land just north of the Airport in Kenner. 2249 Piedmont St, Kenner,...

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The Pulse NOLA: The Garage complex sells for 28.8mm

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 840, 848 Carondelet St, New Orleans, LA 70130 Type: Multifamily Price: $28,800,000 ($464,516 / Unit) Buyer: BDS III LA THE GARAGE LLC Elifin's Notes: The Garage, a 62-unit luxury multifamily complex with street-level retail space at 840 Carondelet Street, sells. 1515 Poydras St, New Orleans, LA 70112 Type: Office Price: $26,473,700 ($50.00...

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