The Pulse

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 4636 Alvin Dark Ave Price: $1,600,000 ($50,000 / Unit) Buyer: Jann Properties 2 LLC Elifin's Notes: The Chateau, a 32 unit apartment complex in Tigerland, sells to Prairieville multifamily investor. 4621 Jamestown Ave Price: $1,225,000 ($133 / SF) Buyer: Diamond Street Properties, LLC Elifin's Notes: Dr. Gerald Cvitanovich, Chief Strategy Officer of...

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week Tracts A, B, C, D-2-B, D-2-A-1, & B-4-B Old Scenic Hwy $9,096,256 Buyer: Sften LLC $0.67/Land SF Elifin's Notes: D. R. Horton purchases additional acreage in Zachary as part of their Meadow View development. Tract A-1-A-2-A Jones Creek Rd $2,325,200 Buyer: D. R. Horton, Inc - Gulf Coast $0.65/Land SF Elifin's Notes: D. R. Horton purchases additional...

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 2645 O'Neal Ln $2,900,000 Buyer: Rusk Group, LLC $99/SF Elifin's Notes: Mike Rusk of Mike's Audio purchases American Plaza, a four building, office complex on O'Neal Ln between I-12 and S. Harrell's Ferry Rd. 1606, 1608, 1610 Government St $350,000 Buyer: Timothy Clark $51/SF Elifin's Notes: Houma investor purchases historic Government Street property across the street from The Electric...

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 7979 Essen Park Ave SpringHill Suites by Marriott $3,727,298 Buyer: SRG Investment LLC $47,785.87/unit Elifin's Notes: New York-based realty trust sells SpringHill Suites by Marriott to SRG Investment, LLC. 8940 Bluebonnet Blvd $2,300,000 Buyer: First Bluebonnet, LLC $151/SF Elifin's Notes: Fully leased office building on Bluebonnet Blvd purchased by J. Brian Oliver, CEO of United Networks of America. 18247 Petroleum...

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 10235 Jefferson Hwy (Building 5) $472,500 Buyer: Metro 5 LLC $75/SF Elifin's Notes: Dr. Aimee Russo-Mounger, DDS of Smile Spa purchases pad site for development at six building medical park on Jefferson Hwy. 1136, 1138 W Chimes St $130,000 Buyer: Serenity Home Solutions LLC $65,000/unit Elifin's Notes: 2 Bedroom / 1 bath duplex sells near LSU. 13734, 13736 Goodwood...

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 11999 Longridge Ave $16,000,000 Buyer: MIMG CLIV Longridge Sub, LLC & MIMG LR4 Longridge, LLC $111,111/Unit Elifin's Notes: Colorado based Monarch Investment and Management Group purchase Longridge Apartment complex off of S Sherwood Forest Blvd. 10920 Airline Hwy $14,900,000 Buyer: MIMG CLIV Dove Creek Sub, LLC & MIMG LR4 Dove Creek, LLC $89,759/Unit Elifin's Notes: Monarch Investment and...

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 12901 Jefferson Hwy $20,500,000 Buyer: Live Oaks Baton Rouge Apartments LLC $111,413/Unit Elifin's Notes: Live Oaks apartment complex at Jefferson Hwy and Stumberg Ln sells to New Orleans area investor. 6750 Harry Dr, 6751 Titian Ave, 6752 Titian Ave $3,300,000 Buyer: Block Investors LLC $37,500/Unit Elifin's Notes: New Orleans investor purchases apartment complex on Titian Ave,...

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 6080 Bluebonnet Blvd $6,046,321 Buyer: Maruti Investments 1, LLC $47,987/unit Elifin's Notes: The Hyatt Place hotel located near I-10 across Bluebonnet Blvd from the Mall of Louisiana sells to investor who also purchased TownePlace Suites by Marriott off Summa Ave on the same day. 8735 Summa Ave $4,095,007 Buyer: Maruti Invesments II, LLC $45,500/unit Elifin's...

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 4000 S Sherwood Forest Blvd $8,525,000 Buyer: 4000 Sherwood LLC & Sherwood 4 LLC $109/SF Elifin's Notes: Iconic South Sherwood Forest Blvd office building sold to investors, David Divincenti, Jr and Patrick Cusick. 2623 Government St $660,000 Buyer: RKB Investments LLC $103/SF Elifin's Notes: Investment group purchases Taylor Clark building in mid-city. 12481,12483 Warfield Ave $107,000 Buyer:...

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week Staring Ln__Tracts 1-46 $2,985,400 Buyer: Alvarez Construction Co LLC $4.57/SFofLand Elifin's Notes: Alvarez Construction purchases land on Staring Ln near Highland Rd for their Fieldstone Park development, a gated, residential community. Sherwood Forest Blvd__2834 S (Suite B6) $100,000 Buyer: Haby Sall $55.56/SF Elifin's Notes: Dakar African Hair Braiding owners purchase their retail space in...