The Pulse: New Orleans

Former Park Place nursing home sells in Gretna

The June 17, 2024 issue covers fourteen commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $5.69M in disclosed volume. The headline deal: AMS REAL ESTATE LLC paid $1.88M ($41.25/SF) for the former Park Place nursing home at 535 Commerce Street in Gretna. Office and industrial led the week with four sales each, including a $905K...

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City of NOLA purchases industrial property for 7mm

The June 10, 2024 issue covers fifteen commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $23.2M in disclosed volume. The headline deal: Haltere Fund VI, LLC, the California-based Haltere Group, paid $9.33M ($70,644/unit) for the Arbors on the Lake apartment complex at 10500 Hayne Boulevard. Retail led the week with six of the fifteen sales,...

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Gilmore Park Apartments sell for 4.1mm

The June 3, 2024 issue covers eight commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $7.41M in disclosed volume. The headline deal: PG REALTY PRO LLC, a local entrepreneur, paid $4.1M ($53,947/unit) for the Gilmore Park Apartments at 1315 Southlawn Boulevard near Delgado Community College on the West Bank. Retail and office led the week...

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Petite Esplanade shopping center in Metairie sold

The May 27, 2024 issue covers ten commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $5.2M in disclosed volume. The headline deal: 3216 3304 WEST ESPLANADE LLC paid $2.8M ($170.94/SF) for the Petite Esplanade Shopping Center at 3216 and 3304 West Esplanade Avenue in Metairie. Retail led the week with three of the ten sales,...

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Building housing Daisy Dukes Cafe sells

The May 20, 2024 issue covers seven commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $3.88M in disclosed volume. The headline deal: BIG EASY INVESTMENTS LLC OF NEW MEXICO paid $1.93M ($234.76/SF) for a mixed-use property with a street-level restaurant space occupied by Daisy Dukes Cafe and three upper-floor apartments at 308 Saint Charles Avenue....

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Daycare purchases 3 adjacent buildings along Tulane

The May 13, 2024 issue covers nine commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $3.24M in disclosed volume. The headline deal: KIDS KINGDOM ACADEMY & DAYCARE LLC paid $874K ($295.47/SF) for its location at 2907 and 2909 Tulane Avenue, one of its two purchases that week. Retail and office led the week with three...

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Local company purchases Elmwood properties for 1.5mm

The May 6, 2024 issue covers six commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $3.59M in disclosed volume. The headline deal: GALVANIZED RE LLC, a local company, paid $1.55M ($94.46/SF) for two industrial buildings at 1521 Kuebel Street in the Elmwood Business Park. The six sales were split one each among industrial, multifamily, office,...

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French Quarter property sold for 1.17 million

The April 29, 2024 issue covers eight commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $4.61M in disclosed volume. The headline deal: HANQI INVESTMENTS LLC, Gretna-based investors, paid $1.18M ($229.99/SF) for a mixed-use property at 1224 Decatur Street in the French Quarter. Retail led the week with three of the eight sales, including a former...

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Harvey investor purchases two hotels in the Warehouse District

The April 22, 2024 issue covers fourteen commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $3.1M in disclosed volume. The headline deal: ELEMENTAL STYLE&STRUCTURE LLC paid $800K ($103.36/SF) for an industrial flex warehouse space at 301A Funston Street in Elmwood. Industrial led the week with six of the fourteen sales, while a Harvey-based investor, head...

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Norma’s Sweets in Mid City purchases building

The April 15, 2024 issue covers four commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $1.38M in disclosed volume. The headline deal: WASTE PRO OF LOUISIANA INC paid $475K ($57.82/SF) for an industrial property at 850 Kenner Avenue, just south of the Airport in Kenner. Industrial led the week with three of the four sales,...

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