The Pulse: New Orleans

The Pulse NOLA: Chick-fil-A purchases land in Gretna

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 3432, 3434 Canal St; 118 S Clark St, New Orleans, LA 70119 Type: Office Price: $1,400,000 ($229.55 / SF) Buyer: 3434 CANAL LLC Elifin's Notes: An office property changes hands at the corner of Canal and South Clark Streets. 3314 Conti St, New Orleans, LA 70119 Type: Office Price: $647,999 ($79.88 /...

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The Pulse NOLA: Historic firehouse in Irish Channel sold

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 4289, 4293 Lac Saint Pierre Dr, Harvey, LA 70058 Type: Multifamily Price: $2,500,000 ($104,167 / Unit) Buyer: NOLA PROPERTIES LSP LLC Elifin's Notes: A pair of apartment buildings, totaling 24-units, sell in Harvey. 514 Jackson Ave, New Orleans, LA 70130 Type: Mixed-Use Price: $1,250,000 ($245.10 / SF) Buyer: NITETRIPPERS LLC Elifin's Notes: A newly...

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The Pulse NOLA: Restaurant property on St Claude Ave sold

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 2637 N Hullen St, Metairie, LA 70002 Type: Retail Price: $1,873,900 ($249.85 / SF) Buyer: 2637 N HULLEN LLC Elifin's Notes: A retail property changes ownership near Copeland Tower on North Hullen Street. 10833 Chef Menteur Hwy, New Orleans, LA 70127 Type: Retail Price: $1,300,000 ($383.93 / SF) Buyer: ZAHRAN LLC Elifin's Notes: A...

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The Pulse NOLA: LSU Board of Supervisors purchases land

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 2104-2132 Tulane Ave; 417 S Johnson St; 420-528 S Galvez St; 2109, 2111 Gravier St, New Orleans, LA 70112 Type: Land Price: $3,062,000 ($75.25 / Land SF) Buyer: BOARD OF SUPERVISORS OF LOUISIANA STATE UNIVERSITY Elifin's Notes: The LSU Board of Supervisors purchases 0.9+ acres of land, across 8...

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The Pulse NOLA: Art gallery property on Magazine sold

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 8739 Oak St, New Orleans, LA 70118 Type: Retail Price: $815,000 ($267.74 / SF) Buyer: OAK & EAGLE HOLDINGS LLC Elifin's Notes: A retail property sitting on a triple lot changes ownership on Oak Street. 2401 Jefferson Hwy, New Orleans, LA 70121 Type: Retail Price: $800,000 ($320.00 / SF) Buyer: S & R...

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The Pulse NOLA: Sidney Torres purchases industrial property near Superdome

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 4154 Saint Ann Dr, Kenner, LA 70065 Type: Land Price: $3,600,000 ($10.55 / Land SF) Buyer: KHAN KENNER INVESTMENTS LLC Elifin's Notes: Over 7 acres of residential land sells within the Seton Parc Subdivision. 1925, 1929 Julia St, New Orleans, LA 70113 Type: Industrial Price: $766,742 ($63.11 / SF) Buyer: 1925 JULIA LLC Elifin's...

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The Pulse NOLA: Trinity Community Center changes hands

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 5131 Lapalco Blvd, Marrero, LA 70072 Type: Retail Price: $950,000 ($131.94 / SF) Buyer: IGLESIA EVANGELICA VISION DEREINO INC Elifin's Notes: Iglesia Evangelica Vison Dereino Inc acquires a restaurant property on Lapalco Boulevard in Marrero. 2001 Iberville St, New Orleans, LA 70112 Type: Specialty Price: $950,000 ($178.94 / SF) Buyer: HARVEST CHURCH OF...

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The Pulse NOLA: Property near French Market District sells

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 1200 Decatur St, New Orleans, LA 70116 Type: Mixed-Use Price: $1,625,000 ($196.54 / SF) Buyer: 1200 DECATUR BAR LLC Elifin's Notes: A three-story mixed use property with retail on the first two floors and two apartments on third floor sells at the corner of Decatur and Governor Nicholls Streets...

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The Pulse NOLA: Westminster Tower senior living propery sells

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 2301 Idaho Ave, Kenner, LA 70062 Type: Multifamily Price: $21,151,571 ($74,741 / Unit) Buyer: WESTMINSTER TOWER LP Elifin's Notes: A Tennessee-based company purchases Westminster Tower, a 285-unit senior living apartment property on Idaho Avenue. 1570 Westbank Expy, Harvey, LA 70058 Type: Retail Price: $1,336,250 ($641.81 / SF) Buyer: NABUT BROTHERS LLC Elifin's Notes: Nabut...

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The Pulse NOLA: Jefferson Parish Council buys retail property

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 3411 S Carrollton Ave, New Orleans, LA 70118 Type: Retail Price: $5,000,000 ($650.28 / SF) Buyer: RBC CAPITAL ENCORE LLC Elifin's Notes: RBC Capital Encore LLC acquires a convenience store/gas station property with multiple tenants at the corner of South Carrollton Avenue and Olive Street. 900 Bridge City Ave, Bridge...

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