The Pulse: New Orleans

24 Mar The Pulse NOLA: Luxury apartments sell for over 33mm

Posted at 09:10h in Research, The Pulse, The Pulse: New Orleans by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 2651 Poydras St, New Orleans, LA 70119 Type: Multifamily Price: $33,151,001 ($132,604 / Unit) Buyer: 2651 POYDRAS LLC Elifin's Notes: The Marquis Luxury Apartments, 250 units, changes ownership at Poydras Street and South Broad Street. 2221 N Hullen St, Metairie, LA 70005 Type: Multifamily Price: $1,600,000 ($88,889 / Unit) Buyer: NORTH HULLEN APARTMENTS...

17 Mar The Pulse NOLA: Arbor Place Apartments sell for 7.6mm

Posted at 09:07h in Research, The Pulse, The Pulse: New Orleans by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 735 Heritage Ave, Terrytown, LA 70056 Type: Multifamily Price: $7,610,000 ($55,956 / Unit) Buyer: ARBOR PLACE LLC Elifin's Notes: The Arbor Place Apartments, consisting of 136 units, changes hands on Heritage Avenue in Terrytown. 801, 805 Distributors Row, New Orleans, LA 70123 Type: Industrial Price: $1,790,000 ($82.87 / SF) Buyer: IHTSW INVESTMENTS Elifin's Notes:...

10 Mar The Pulse NOLA: Restaurant and bar portfolio sells

Posted at 09:07h in Research, The Pulse, The Pulse: New Orleans by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 4704 Veterans Memorial Blvd, Metairie, LA 70006 Type: Retail Price: $3,475,000 ($259.79 / SF) Buyer: AREA 55 LLC Elifin's Notes: A retail strip center sells along Veterans Memorial Boulevard in Metairie. 117 Central Dr, Metairie, LA 70005 Type: Industrial Price: $475,000 ($121.79 / SF) Buyer: 117 CENTRAL DRIVE LLC Elifin's Notes: An industrial property...

03 Mar The Pulse NOLA: New Orleans Center for Creative Arts sells to State of LA

Posted at 09:11h in Research, The Pulse, The Pulse: New Orleans by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 2831 Chartres St, New Orleans, LA 70117 Type: Industrial Price: $8,000,000 ($163.33 / SF) Buyer: STATE OF LOUISIANA Elifin's Notes: The State of Louisiana acquires the New Orleans Center for Creative Arts facility on Chartres Street. 1435 Japonica St, New Orleans, LA 70117 Type: Industrial Price: $2,050,000 ($58.69 / SF) Buyer: STAY READY...

24 Feb The Pulse NOLA: Ruth’s Chris property on Veterans sells

Posted at 09:15h in Research, The Pulse, The Pulse: New Orleans by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 1770 Tchoupitoulas St, New Orleans, LA 70130 Type: Mixed-Use Price: $8,065,000 ($78.84 / SF) Buyer: 1770 TCHOUPITOULAS, INC. Elifin's Notes: A mixed-use property, comprising three buildings including an apartment complex and a storage facility, sells on Tchoupitoulas Street. 7122, 7130 Crowder Blvd, New Orleans, LA 70127 Type: Multifamily Price: $1,187,500 ($56,548 /...

17 Feb The Pulse NOLA: Historic Madame X Mansion sells

Posted at 09:47h in Research, The Pulse, The Pulse: New Orleans by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 927 Toulouse St, New Orleans, LA 70112 Type: Multifamily Price: $1,450,000 ($207,143 / Unit) Buyer: MADAME X LLC Elifin's Notes: The historic Madame X Mansion, featuring 7 apartments, sells in the French Quarter. 2417 Sharon St, Metairie, LA 70062 Type: Industrial Price: $799,900 ($109.70 / SF) Buyer: PATRIOT RESPONSE GROUP LLC Elifin's Notes: Patriot...

10 Feb The Pulse NOLA: 292-Unit hotel sells in Kenner

Posted at 09:41h in Research, The Pulse, The Pulse: New Orleans by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 2829 Williams Blvd, Kenner, LA 70062 Type: Hospitality Price: $7,250,000 ($24,829 / Unit) Buyer: KENNER HOLDINGS LLC Elifin's Notes: The Clarion Hotel New Orleans- Airport & Conference Center, 292 rooms, sells in Kenner. 2901, 2903, 2917 Tchoupitoulas St, New Orleans, LA 70115 Type: Industrial Price: $1,470,000 ($121.49 / SF) Buyer: SEMREH CLUB INC Elifin's...

03 Feb The Pulse NOLA: Former Perino’s Seafood property sells

Posted at 10:19h in Research, The Pulse, The Pulse: New Orleans by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 112 Glenn St, Metairie, LA 70005 Type: Multifamily Price: $1,240,000 ($103,333 / Unit) Buyer: PREMIUM RENTALS LLC Elifin's Notes: Premium Rentals acquires a 12-unit apartment complex, with eight 1BR/1BA units and four 2BR/1BA units, on Glenn Street. 614, 616 Julia St, New Orleans, LA 70130 Type: Mixed-Use Price: $1,000,000 ($219.20 / SF) Buyer:...

27 Jan The Pulse NOLA: Industrial properties sell in Kenner

Posted at 09:42h in Research, The Pulse, The Pulse: New Orleans by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 2225 Fayette St, Kenner, LA 70062 Type: Industrial Price: $500,000 ($125.00 / SF) Buyer: Future Property Investments, LLC Elifin's Notes: A local entity purchases an industrial property within the Crestview Office & Industrial Park in Kenner. Lots 75, 76, 77, 78 Fayette St, Kenner, LA 70062 Type: Land Price: $50,000 ($5.18 /...

20 Jan The Pulse NOLA: One of NOLA’s most blighted properties sells

Posted at 09:13h in Research, The Pulse, The Pulse: New Orleans by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 3409 Severn Ave, Metairie, LA 70002 Type: Multifamily Price: $17,650,000 ($109,627 / Unit) Buyer: LOCAL ON SEVERN LLC Elifin's Notes: The Medve Group, a Texas-based property management company, acquires The Local on Severn, a 161-unit multifamily property, in Metairie for $17.6MM. 1925 L and A Rd, Metairie, LA 70001 Type: Industrial Price:...