The Pulse: New Orleans

Maple Street Cafe property sells in East Carrollton

The November 27, 2023 issue covers three commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $947K in disclosed volume. The headline deal: 7623 MAPLE STREET LLC paid $825K ($662.65/SF) for the restaurant property occupied by the Maple Street Cafe at 7623 Maple Street in the East Carrollton area. Retail accounted for two of the three...

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Music venue on Frenchman St sells to local investors

The November 20, 2023 issue covers six commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $528K in disclosed volume. The headline deal: CONCORD HOLDINGS LLC paid $288K ($112.19/SF) for a dentist office at 2636 Athania Parkway in the Athania area of Metairie. Retail and mixed-use led the week with two sales each, including a local...

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Whitney Parking Garage sells in the CBD

The November 13, 2023 issue covers ten commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $3.43M in disclosed volume. The headline deal: POL BUILDING LLC, an Arkansas-based entity, paid $1.04M ($98.81/SF) for a multi-tenant commercial property at 2325 North Hullen Street in the Athania Place Annex area of Metairie. Office and multifamily led the week...

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Former Southeastern Freight Lines distribution property sells

The November 6, 2023 issue covers eleven commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $9.91M in disclosed volume. The headline deal: 1525 SAMS AVE HOLDINGS LLC, the owners of Ludwig Buildings, paid $4.5M ($264.71/SF) for the industrial distribution property at 1525 Sams Avenue in Elmwood formerly occupied by Southeastern Freight Lines. Industrial led the...

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The Madison Garden Apartments sell in Metairie

The October 30, 2023 issue covers eight commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $9.07M in disclosed volume. The headline deal: MADISON GARDENS ESTATES LLC, a New York-based investor, paid $5.75M ($97,458/unit) for the 59-unit Madison Garden Apartments at 221 North Laurel Street in Metairie. Multifamily and retail led the week with three sales...

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Pair of industrial properties sell for 1mm

The October 23, 2023 issue covers four commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $1.79M in disclosed volume. The headline deal: WAREHOUSE DISTRICT LLC paid $1.08M ($113.06/SF) for a pair of industrial properties at 2432 Dawson Street in the Bainbridge Office & Industrial Park. Industrial led the week with two of the four sales,...

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Burlington Coat Factory property sells for 13mm in Metairie

The October 16, 2023 issue covers nine commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $19.3M in disclosed volume. The headline deal: AGREE CENTRAL LLC, a Michigan-based entity, paid $13.1M ($328.59/SF) for the former Burlington Coat Factory property at 2840 Veterans Memorial Boulevard in Metairie. Retail led the week with three of the nine sales,...

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Industrial property sells for 6.6mm on Almonaster Ave

The October 9, 2023 issue covers eleven commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $11.5M in disclosed volume. The headline deal: 10090 ALMONASTER PARTNERS LLC, Philadelphia's Alterra Property Group, paid $6.57M ($795.51/SF) for an industrial property at 10090 Almonaster Avenue in the Viavant/Venetian Isles area. Land led the week with four of the eleven...

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Office property on Camp Street sells for 5.5 million

The October 2, 2023 issue covers nine commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $10.1M in disclosed volume. The headline deal: R&M PROPERTIES 700 CAMP STREET LLC paid $5.5M ($141.83/SF) for a two-building office property with parking and storage space at 700 Camp Street in the CBD. Retail led the week with three of...

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Three Shell gas stations sell to a Texas-based investor

The September 25, 2023 issue covers nineteen commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $10.1M in disclosed volume. The headline deal: KMHSHELL LLC, Luling, Texas-based investors, paid $1.6M ($888.89/SF) for the Shell gas station and convenience store at 3206 Williams Boulevard in the Highway Park area, one of three acquisitions. Retail led the week...

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