The Pulse: New Orleans

The Pulse NOLA: Nursing home in Harvey sells for 5.3mm

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 2233 8th St, Harvey, LA 70058 Type: Healthcare Price: $5,320,858 Buyer: 2233 EIGHTH LLC Elifin's Notes: The Maison De'ville Nursing Home in Harvey sells to an Indiana-based entity 2941 Royal St, New Orleans, LA 70117 Type: Retail Price: $3,000,000 ($85.76 / SF) Buyer: Eternal Seeds, Inc Elifin's Notes: An entity led by a New...

Read More

The Pulse NOLA: West Jefferson Health Care Center property in Harvey sells

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 1020 Manhattan Blvd, Harvey, LA 70058 Type: Healthcare Price: $5,170,967 ($166.18 / SF) Buyer: 1020 MANHATTAN LLC Elifin's Notes: The former West Jefferson Health Care Center property, in Harvey, sells to an Indiana-based entity 3001 17th St, Metairie, LA 70002 Type: Office Price: $4,100,000 ($116.15 / SF) Buyer: SIL HOLDINGS LLC Elifin's Notes: A...

Read More

The Pulse NOLA: Local investor purchases 16mm industrial portfolio

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 4839 Orleans Way, Marrero, LA 70072 Type: Industrial Price: $16,000,000 Buyer: TENTH WHEEL LLC Elifin's Notes: Mandeville-based investor purchases a large area of industrial land, with multiple industrial improvements and buildings, along Bayou Barataria in Crown Point 1025 S Norman C Francis Pkwy, New Orleans, LA 70125 Type: Specialty Price: $4,500,000 ($102.27...

Read More

The Pulse NOLA: The City of Gretna purchases a hotel for 5.3mm

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 100 Westbank Expy, Gretna, LA 70053 Type: Hospitality Price: $5,335,000 ($17,265 / Unit) Buyer: GRETNA CITY OF Elifin's Notes: The City of Gretna purchases a hotel property along the Westbank Expressway 1031 Saint Philip St, New Orleans, LA 70116 Type: Mixed-Use Price: $1,600,000 ($129.86 / SF) Buyer: Walter Antin; Ariana Rinderknecht Elifin's Notes: A...

Read More

The Pulse NOLA: Best Western property sells for 3 million

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 3900 Howard Ave, New Orleans, LA 70125 Type: Specialty Price: $10,000,000 ($280.48 / SF) Buyer: GRAY MEDIA GROUP INC Elifin's Notes: Gray Media Group, Inc, based out of Atlanta, purchases 3900 Howard Avenue, an office and television studio built in 2014, which will now be home to WVUE Fox...

Read More

The Pulse NOLA: Vacant shopping center sells for 1.8mm

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 1075 Peters Rd, Harvey, LA 70058 Type: Industrial Price: $2,000,000 ($104.31 / SF) Buyer: D&J PETERS ROAD PROPERTIES LLC Elifin's Notes: A local entity purchases the former Chevron Harvey Terminal industrial property which includes two buildings on 7+ acres of land 1951 Ames Blvd, Marrero, LA 70072 Type: Retail Price: $1,800,000 ($62.50...

Read More

The Pulse NOLA: Local investors purchase retail in the CBD

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 2502 Magnolia St, New Orleans, LA 70113 Type: Industrial Price: $800,000 ($40.93 / SF) Buyer: 2502 MAGNOLIA ST LLC Elifin's Notes: An industrial warehouse property changes hands in the Central City area 717 Common St, New Orleans, LA 70130 Type: Retail Price: $500,000 ($94.34 / SF) Buyer: 717 COMMON PROPERTIES LLC Elifin's Notes: Local...

Read More

The Pulse NOLA: Lucky Inn Motel along Iberville St sells

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 2625 Iberville St, New Orleans, LA 70119 Type: Hospitality Price: $2,800,000 ($93,333 / Unit) Buyer: NEW ORLEANS WOMEN & CHILDRENS SHELTER INC Elifin's Notes: The New Orleans Women & Children's Shelter, Inc. purchases the newly renovated Lucky Inn Motel along Iberville Street 6541 I 10 Service Rd, New Orleans, LA...

Read More

The Pulse NOLA: Maple Street Cafe property sells in East Carrollton

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 7623 Maple St, New Orleans, LA 70118 Type: Retail Price: $825,000 ($662.65 / SF) Buyer: 7623 MAPLE STREET LLC Elifin's Notes: A restaurant property, occupied by the Maple Street Cafe, sells in the East Carrollton area 2502 8th St, Harvey, LA 70058 Type: Retail Price: $122,000 ($31.28 / SF) Buyer: BOOK MARQUE LLC Elifin's...

Read More

The Pulse NOLA: Music venue on Frenchman St sells to local investors

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 2636 Athania Pkwy, Metairie, LA 70002 Type: Office Price: $288,000 ($112.19 / SF) Buyer: CONCORD HOLDINGS LLC Elifin's Notes: A dentist office changes hands in the Athania area of Metairie 7007 Read Blvd, New Orleans, LA 70127 Type: Retail Price: $140,000 ($53.56 / SF) Buyer: BB & TT L L C Elifin's Notes: A...

Read More