The Pulse: New Orleans

05 Jan The Pulse NOLA: Historic school property sold in the CBD

Posted at 09:16h in Research, The Pulse, The Pulse: New Orleans by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of New Orleans. This week’s highlights show notable market activity in Greater New Orleans, including the sale of a historic school property at 727 Carondelet Street in the CBD for $2.1m underscoring continued interest in adaptive-use and specialty assets in core urban districts. Other recorded deals ranged from a $1.48m retail sale...

29 Dec The Pulse NOLA: Jefferson Parish School Board purchases 28 acres

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 345 St Joseph St, New Orleans, LA 70130 Type: Hospitality Price: $29,000,000 ($125,541 / Unit) Buyer: NOLA 345 LLC Elifin's Notes: A California-based company acquires an extended-stay hotel property near the Ernest N. Morial Convention Center. 10151 Curran Blvd, New Orleans, LA 70127 Type: Multifamily Price: $9,750,000 ($45,139 / Unit) Buyer: 10151 CURRAN...

22 Dec The Pulse NOLA: Old Metairie Commons 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 2328 Metairie Rd, Metairie, LA 70001 Type: Retail Price: $3,850,000 ($236.54 / SF) Buyer: OLD METAIRIE COMMONS LLC Elifin's Notes: A commercial property featuring retail and office suites sells in Metairie. 5920 Mounes St, Elmwood, LA 70123 Type: Industrial Price: $2,490,000 ($81.64 / SF) Buyer: VMAN HOLDINGS LLC Elifin's Notes: An industrial property with...

15 Dec The Pulse NOLA: Hotel sold for 25 million

Posted at 09:00h 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 2150 Veterans Blvd, New Orleans, LA 70062 Type: Hospitality Price: $25,000,000 ($102,041 / Unit) Buyer: ADVIK LLC Elifin's Notes: Advik LLC, a Mississippi-based company, acquires the DoubleTree Hotel by Hilton, a 245-room property, for 25 million. 127 Camp St, New Orleans, LA 70130 Type: Office Price: $926,250 ($144.19 / SF) Buyer: BILLY GOALS...

08 Dec The Pulse NOLA: Industrial property on Chartres sells for 6mm

Posted at 09:44h 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 2121 Chartres St, New Orleans, LA 70116 Type: Industrial Price: $6,000,000 ($167.33 / SF) Buyer: ENDEAVOR 21 LLC Elifin's Notes: A property with interconnected warehouses sells at the corner of Chartres Street and Elysian Fields Avenue. 3012 26th St, Metairie, LA 70002 Type: Office Price: $1,300,000 ($142.86 / SF) Buyer: 26TH STREET LLC Elifin's...

01 Dec The Pulse NOLA: Whole Foods in Tulane-Gravier sold

Posted at 09:35h 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 5301 Elysian Fields Ave, New Orleans, LA 70122 Type: Office Price: $775,000 ($212.91 / SF) Buyer: ELYSIAN FIELDS HOLDING COMPANY LLC Elifin's Notes: An office property changes ownership adjacent to Canseco's Filmore Market off of Filmore Avenue. 3229 Edenborn Ave, Metairie, LA 70002 Type: Office Price: $585,600 ($142.48 / SF) Buyer: PIN OAK...

24 Nov The Pulse NOLA: Pace Morby purchases 24-unit multifamily complex

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 4204-4221 Asher Ct, Kenner, LA 70065 Type: Multifamily Price: $3,900,000 ($97,500 / Unit) Buyer: ASHER COURT APARTMENTS LLC Elifin's Notes: Asher Court Apartments LLC acquires 10 fourplexes near Chateau Estates Elementary School in Kenner. 10022 I-10 Service Rd, New Orleans, LA 70127 Type: Hospitality Price: $3,700,000 ($29,600 / Unit) Buyer: SHREE GANESHAY LLC Elifin's...

17 Nov The Pulse NOLA: Warehouse District building sold for 2mm

Posted at 08:49h 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 762 St Charles Ave, New Orleans, LA 70130 Type: Retail Price: $2,000,000 ($278.24 / SF) Buyer: ALPHADIA752 LLC Elifin's Notes: A two-story commercial property with street-level retail space sells in the Warehouse District. 2220 Lakeshore Dr, New Orleans, LA 70122 Type: Specialty Price: $795,000 ($104.11 / SF) Buyer: GREATER NEW ORLEANS CHINESE CHRISTIAN...

10 Nov The Pulse NOLA: Chateau Cleary apartment complex sells

Posted at 10:04h in Research, The Pulse, The Pulse: New Orleans by ELIFIN® 1 Comment

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 3900 S I-10 Service Road W, Metairie, LA 70001 Type: Multifamily Price: $5,720,000 ($55,000 / Unit) Buyer: CYPRESS CLEARY LLC Elifin's Notes: The Chateau Cleary apartment complex with 104 units changes hands on South I-10 Service Road West. 1700 Promenade Blvd, Marrero, LA 70072 Type: Retail Price: $3,162,100 ($79.65 / SF) Buyer: 1700...

03 Nov The Pulse NOLA: CVS property sells for 3.9mm in Metairie

Posted at 09:01h 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 2105 Cleary Ave, Metairie, LA 70001 Type: Retail Price: $3,925,000 ($286.50 / SF) Buyer: AGREE CENTRAL LLC Elifin's Notes: Agree Central LLC, a Michigan-based company acquires a CVS pharmacy property at the corner of Cleary Avenue and West Napoleon Avenue. 1521 Dickory Ave, Harahan, LA 70123 Type: Industrial Price: $933,120 ($106.34 /...