The Pulse: New Orleans

The Pulse NOLA: OM Causeway Realty purchases gas station

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 4408 S I-10 Service Road W, Metairie, LA 70001 Type: Retail Price: $2,650,000 ($854.84 / SF) Buyer: 4408 CLEARVIEW INVESTMENTS LLC Elifin's Notes: Hamdan Sons Investments purchase a Brother's branded gas station near the Clearview Parkway. 900 N Rampart St, New Orleans, LA 70116 Type: Mixed Portfolio Price: $2,116,375 ($215.39 / SF) Buyer:...

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The Pulse NOLA: Gentilly Carnival Club purchases property on Euphrosine St

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 4200 Euphrosine St, New Orleans, LA 70125 Type: Industrial Price: $2,850,000 ($68.56 / SF) Buyer: GENTILLY CARNIVAL CLUB INC Elifin's Notes: Gentilly Carnival Club, Inc. has acquired a commercial storage property off of Earhart Boulevard. 1001 S Sibley St, Metairie, LA 70003 Type: Multifamily Price: $1,365,000 ($85,313 / Unit) Buyer: RAMI ENTERPRISE 2020...

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The Pulse NOLA: LSU Board of Supervisors purchases Anita’s Grill property

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 4330, 4338 St Charles Ave, New Orleans, LA 70115 Type: Retail Price: $8,500,000 ($822.37 / SF) Buyer: BP Louisiana Property LLC Elifin's Notes: The Fat Harry's & Superior Seafood properties sell for 8.5mm. 2114, 2118, 2122 Tulane Ave, New Orleans, LA 70112 Type: Retail Price: $1,105,000 ($718.47 / SF) Buyer: BOARD OF SUPERVISORS...

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The Pulse NOLA: Trader Joe’s purchases building in Uptown

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 4300 Peters Rd, Harvey, LA 70058 Type: Industrial Price: $4,300,000 ($143.33 / SF) Buyer: AMS REAL ESTATE LLC Elifin's Notes: AMS Real Estate has acquired a multiple building industrial property on Peters Road. 2800 N Johnson St, New Orleans, LA 70117 Type: Industrial Price: $2,000,000 ($50.00 / SF) Buyer: 2800 NORTH JOHNSON LLC Elifin's...

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The Pulse NOLA: Metairie Towers Condominiums sells for 24.5mm

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 401 Metairie Rd, Metairie, LA 70005 Type: Multifamily Price: $24,500,000 ($111,872 / Unit) Buyer: DKA ONE LLC Elifin's Notes: The Metairie Towers Condominiums Complex sells in Old Metairie. 225 Hord St, New Orleans, LA 70123 Type: Industrial Price: $1,100,000 ($62.86 / SF) Buyer: ELLIOTT PARTNERS LTD Elifin's Notes: The owners of Elliot Electric Supply,...

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The Pulse NOLA: Monday restaurant property sells in Mid-City

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 821 Washington Ave, New Orleans, LA 70130 Type: Multifamily Price: $6,225,000 ($194,531 / Unit) Buyer: Housing Authority of New Orleans Elifin's Notes: Housing Authority of New Orleans purchases a 32-unit multifamily complex. 318 N Alexander St, 4327 Bienville St, New Orleans, LA 70119 Type: Retail Price: $3,700,000 ($389.27 / SF) Buyer: MONDAYS BIENVILLE...

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The Pulse NOLA: Estella’s Home retail property sells for 1.45mm

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 601 N Frisco Ave, Metairie, LA 70005 Type: Retail Price: $1,450,000 ($290.00 / SF) Buyer: FRISCO ESTELLE LLC Elifin's Notes: Frisco Estelle LLC acquires the Estella's Home property at the intersection of Frisco Avenue and Metairie Road. 122, 126 Harrison Ave, New Orleans, LA 70124 Type: Office Price: $969,000 ($519.85 / SF) Buyer:...

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The Pulse NOLA: Crowder Retail Center sells for over 3 million

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 5790 Crowder Blvd, New Orleans, LA 70127 Type: Retail Price: $3,200,000 ($100.77 / SF) Buyer: 5790 CROWDER LLC Elifin's Notes: A Houston-based entity purchases the Crowder Retail Center in the West Lake Forest area. 2842, 2844 Magazine St, New Orleans, LA 70130 Type: Mixed-Use Price: $1,700,000 ($358.50 / SF) Buyer: Logan, Thomas B;...

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The Pulse NOLA: Bourbon Street building sells for undisclosed price

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 429-433 Bourbon St, New Orleans, LA 70130 Type: Retail Price: Withheld Buyer: CREDC BOURBON STREET LLC Elifin's Notes: A commercial property changes hands in the French Quarter along Bourbon Street. 115 Allen Toussaint Blvd, New Orleans, LA 70124 Type: Retail Price: Withheld Buyer: RCR 115-125 AT VENTURE LLC Elifin's Notes: A multi-tenant retail property...

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The Pulse NOLA: Bank of Louisiana building sells in the CBD

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 2012 River Rd, Westwego, LA 70094 Type: Industrial Price: $3,950,000 ($493.75 / SF) Buyer: TT 104 LLC Elifin's Notes: James Marine, Inc., a barge services company operating in Louisiana and Kentucky, purchases an industrial barge servicing facility at Nine Mile Point. 3700 W Esplanade Ave, Metairie, LA 70002 Type: Multifamily Price: $2,600,000...

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