The Pulse: New Orleans

30 Jan The Pulse NOLA: Esplanade Mall in Kenner sells for 10mm

Posted at 09:29h 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 1401 W Esplanade Ave Type: Retail Price: $10,000,000 ($14 / SF) Buyer: PACIFICA KENNER LLC Elifin's Notes: Illinois-based developer purchases the Esplanade Mall property in Kenner 3216 W Esplanade Ave Type: Retail Price: $2,350,000 ($143 / SF) Buyer: LUCKY SEVEN LLC Elifin's Notes: The 16,380 sq ft, 16-unit, Petite Esplanade Shopping Center was bought...

23 Jan The Pulse NOLA: WWII Museum purchases 15,000 sf warehouse on Magazine Street

Posted at 09:05h 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 1060 Magazine St Type: Retail Price: $2,138,000 ($143 / SF) Buyer: NATIONAL WORLD WAR II MUSEUM INC Elifin's Notes: The World War II Museum purchases a 15,000 sq foot multi-use warehouse space along Magazine Street in the Warehouse District 2600-2602 Chartres St, 535 Franklin Ave Type: Retail Price: $1,150,000 ($259 / SF) Buyer:...

15 Jan The Pulse NOLA: Multi-million dollar renovation permit for CrescentCare Health

Posted at 21:31h 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 28 W 27th St Type: Industrial Price: $414,000 ($77 / SF) Buyer: Panayas J Dikeou as trustee of the PM Trust Elifin's Notes: Colorado-based investors purchase a 5,400 sq ft industrial space in the Crestview Office & Industrial Park area 1215 Truxton St Type: Multifamily Price: Withheld Buyer: TRUXTON LLC Elifin's Notes: Harvey-based investors...

09 Jan The Pulse NOLA: Howard Tower sells for 8.3mm

Posted at 09:04h 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 1000 Howard Ave Type: Mixed-Use Price: $8,300,000 ($98 / SF) Buyer: 1000 HOWARD LLC Elifin's Notes: Lafayette-based investors purchase the 1000 Howard Building, 12 stories, plus basement, comprising 84,466 sq ft in office space. 4717 Airline Dr Type: Retail Price: $2,105,000 ($356 / SF) Buyer: CARONNA DEVELOPMENT LLC Elifin's Notes: Local investors purchase an...

01 Jan The Pulse NOLA: Golden Key Apartments sell for 10.6mm

Posted at 23:55h 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 4151, 4713, 4209 Division Street Type: Multifamily Price: $10,600,000 ($113,978 / Unit) Buyer: ARTSCAPE APARTMENTS LLC Elifin's Notes: A William Shane, Jr led organization purchase the former Golden Key apartment complex, 93 units with 1BR/1BA and 2BR/2BA configurations, in the Hessmer Farms area of Metairie 2000-2004-2008-2010 Saint Claude Ave Type: Retail Price:...

26 Dec The Pulse NOLA: Former Our Lady of Lourdes Sanctuary sold

Posted at 08:38h 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 2400 Napoleon Ave Type: Retail Price: $1,250,000 ($105 / SF) Buyer: 2400 NAPOLEON AVENUE LLC Elifin's Notes: Local investors purchase the historic former Our Lady of Lourdes Catholic Church Sanctuary, consisting of 11,889 sq ft of space in the Freret area 4432 Conlin St Type: Office Price: $1,057,479 ($176,247 / Unit) Buyer: 4432...

19 Dec The Pulse NOLA: Large medical facility on Poydras sold

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 516 Natchez St Type: Multifamily Price: $2,850,000 ($475,000 / Unit) Buyer: MIURA LLC Elifin's Notes: Local investor acquires a three-story six unit luxury apartment building with 1BR/1BA and 2BR/2.5BA configurations in the Central Business District area. 1641 Poland Ave; 1604 Kentucky St Type: Industrial Price: $1,750,000 ($65 / SF) Buyer: R&C BUILDING MATERIALS...

12 Dec The Pulse NOLA: Holiday Inn Express near MSY Airport 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 1801 32nd St Type: Hospitality Price: $9,800,000 ($93,333 / Unit) Buyer: VIVEK&JAY LA LLC Elifin's Notes: Local investor acquires the Holiday Inn Express - Kenner New Orleans Airport property, with 105 rooms, in the Highway Park area 744, 748 Camp St, New Orleans, LA 70130 Type: Mixed-Use Price: $2,250,000 ($101 / SF) Buyer:...

05 Dec The Pulse NOLA: Hobby Lobby purchases historic building on Magazine Street

Posted at 09:46h 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 1556 Lapalco Blvd Type: Retail Price: $3,466,667 ($254 / SF) Buyer: NATIONAL RETAIL PROPERTIES LP Elifin's Notes: Maryland-based corporation acquires the approximately 13,653 sq ft Walgreens building retail property in the Harvey area 1420 Lapalco Blvd Type: Land Price: $1,170,000 ($11.83 / Land SF) Buyer: BUSINESS PROPERTY LLC Elifin's Notes: Local investor purchases 2.27...

28 Nov The Pulse NOLA: Land sold near MSY Airport

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 3800 Howard Avenue Type: Land Price: $12,500,000 ($32.09 / Land SF) Buyer: YANG QI HOLDINGS LLC Elifin's Notes: 8.94 acres of land sold along Howard Avenue adjacent to the B.W. Cooper area 851 E Airline Drive Type: Land Price: $1,525,000 ($10.74 / Land SF) Buyer: CAR MASS LLC Elifin's Notes: Sale of a 3.26...