The Pulse

The Pulse LFT: Medical center adjacent to ULL sold

A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 104 Four Park Rd Type: Retail Price: $600,000 ($115 / SF) Buyer: FOURPARK RENTALS LLC Elifin's Notes: Local buyer acquires a day care center in Carencro 248 N College Rd Type: Office Price: $425,000 ($106 / SF) Buyer: SABBAGHIAN PROPERTIES LLC Elifin's Notes: An entity, led by a local doctor, purchases the Acadiana Spine and...

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The Pulse NOLA: 268-Unit American Can mixed use development sells

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 2930 Camp St Type: Mixed-Use Price: $965,000 ($121 / SF) Buyer: ST.JOHN GARDEN DISTRICT HOUSE, LLC Elifin's Notes: California-based investors purchase a Garden District area church with historic ties back to the 1840s; although it is zoned within a primarily residential designation, certain commercial uses are permitted under HU-RD1 5110...

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The Pulse BR: The Sterling apartments on Highland sell for 15mm

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Two Weeks 4500 Burbank Dr Type: Multifamily Price: $21,750,000 ($113,281 / Unit) Buyer: HPI Oliver LLC Elifin's Notes: Hamilton Point Investments, a Connecticut-based real estate investment firm, purchases the Oliver Apartments, a 192 unit student housing apartment complex near LSU. 3135 Highland Rd Type: Multifamily Price: $15,000,000 ($153,061 / Unit) Buyer: Tailwind Baton Rouge...

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The Pulse CBUS: Nursing home sells for 6.3mm

A weekly update on the commercial real estate landscape of Columbus. Commercial Sales Recorded Last Week 5055 Thompson Rd Type: Healthcare Price: $6,329,757 ($50,638 / Unit) Buyer: OUR HOME NEW ALBANY RE LLC Elifin's Notes: A 125-unit nursing home sells in the Morse-Thompson area New World Dr Type: Land Price: $6,300,000 ($8.02 / Land SF) Buyer: ARCBEST PROPERTY MANAGEMENT LLC Elifin's Notes: 18 acres of vacant industrial land sells at the...

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The Pulse LFT: Commercial real estate sales from last week

A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 1717 Eraste Landry Rd Type: Multifamily Price: $3,800,000 ($34,862 / Unit) Buyer: STANLEY LAFAYETTE OAKS LLC Elifin's Notes: Local investment group purchases the Oak Park Estates mobile home park in the Oak Park Estates area 111 Wallace Broussard Rd Type: Retail Price: $3,000,000 (- / SF) Buyer: CADET 23 LLC Elifin's Notes: Delaware-registered entity acquires...

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The Pulse BR: Proposed 20-acre mixed use development off Highland Rd

A weekly update on the commercial real estate landscape of Baton Rouge. Upcoming Planning Commission Cases The Village at Magnolia Woods Submitted 3/3/23 by Matt Estopinal. Proposed rezone from Single Family Residential (A1) to Planned Unit Development (PUD) for a proposed mixed use development with low and medium density residential and commercial/office uses on property located on the north side of Highland...

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The Pulse CBUS: Warehouse sold for 12mm on Alum Creek Dr

A weekly update on the commercial real estate landscape of Columbus. Commercial Sales Recorded Last Week 3275 Alum Creek Dr Type: Industrial Price: $12,700,000 ($40 / SF) Buyer: 3275 ALUM CREEK OWNER LLC Elifin's Notes: Industrial-Warehouse property sold in the Marion-Franklin area 4261 Morse Rd Type: Office Price: $2,200,000 ($229 / SF) Buyer: 4261 MORSE ROAD LLC Elifin's Notes: Local investment entity, based in New Albany, acquires an office building in...

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The Pulse NOLA: IHOP in Harvey area sells for 1.5mm

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 735 Elysian Fields Ave Type: Retail Price: $1,660,000 ($370 / SF) Buyer: MDC ASSOCIATES L L C Elifin's Notes: Local investor purchases retail property along Elysian Fields Avenue in the Marigny. 1719 Manhattan Blvd Type: Retail Price: $1,550,000 ($316 / SF) Buyer: MANHATTAN PLACE IHOP LLC Elifin's Notes: Hamdan Sons Investments LLC purchases a...

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The Pulse CBUS: Commercial real estate sales from last week

A weekly update on the commercial real estate landscape of Columbus. Commercial Sales Recorded Last Week 1417 Rail Southern Ct Type: Industrial Price: $51,830,000 ($88 / SF) Buyer: COLUMBUS RICKENBACKER INDUSTRIAL LLC Elifin's Notes: Industrial Warehouse property sells near the Rickenbacker Airport 5775 N Meadows Dr Type: Office Price: $10,200,000 ($280 / SF) Buyer: CHF II GROVE CITY MOB LLC Elifin's Notes: Medical Office building sold in the Grove City area 55...

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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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