The Pulse: New Orleans

California Building on Tulane Ave sells

The October 31, 2022 issue covers eleven commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: CBT INVESTORS LLC, a Covington-based investment group, bought the California Building, a ten-story building with first-floor retail and 167 residential units on Tulane Avenue in the Central Business District. Multifamily, industrial, office and retail each accounted for two...

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Canal Street hotel sold to Atlanta investor

The October 24, 2022 issue covers two commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: FRANKLIN SB LLC, a local investment group, bought a two-unit, 6,898 SF retail property on 0.5 acres on Franklin Avenue in the Milneburg area. The week's other sale was the 153-unit Hotel Vinache and an adjacent parking lot...

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Liuzza’s Restaurant and Bar property sold

The October 17, 2022 issue covers six commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: MID CITY LANDMARK LLC bought the Liuzza's Restaurant and Bar property, a two-story 3,586 SF building on 0.27 acres in Mid-City. Retail made up two of the six sales, with Baton Rouge-based investors buying a 1,727 SF retail...

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Industrial property in Mid City sold

The October 10, 2022 issue covers four commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: SQ 582 HOLDINGS LLC, a local investor, bought nearly a full city block of industrial warehouse buildings totaling 71,196 SF on 1.9 acres on North Alexander Street in Mid-City. Industrial made up two of the four sales, including...

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IHeart Media building sold in Downtown

The October 3, 2022 issue covers three commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: NEW ORLEANS PROPERTY PARTNERS LLC, a Florida-based investment group, bought the three-story, 17,765 SF iHeart Media Building on a 0.76-acre lot with 60 parking spaces in the Central Business District. Specialty properties made up two of the three...

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Tulane renovation permits total 59 million

The September 26, 2022 issue covers four commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: HEARTBREAK BEAT LLC, a local investment group, bought a two-story building with 1,973 SF of retail space on Magazine Street in the Lower Garden District. Retail led the week with three of the four sales, including a 13-space...

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Historic Avenue Pub property sold

The September 19, 2022 issue covers six commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: 4041 MAGAZINE OWNER LLC bought a 1,632 SF restaurant space on a 0.19-acre lot on Magazine Street in the Uptown area. Retail led the week with four of the six sales, including the historic Avenue Pub in the...

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Whole Foods on Magazine St Sold

The September 12, 2022 issue covers four commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: DK WFNO LLC, a New York-based group, bought the Whole Foods Market, 30,300 SF of retail space on 1.65 acres on Magazine Street near Audubon Park. The other three sales were multifamily, including 818 Bourbon Street, a three-story...

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Martin Behrman schoolhouse property sold

The September 5, 2022 issue covers five commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: LOVING SCHOOL FACILITY L L C, a non-profit, bought the Martin Behrman schoolhouse property, about 120,000 SF on a 1.9-acre lot on Opelousas Avenue in Algiers Point. Mixed-use and retail each accounted for two of the five sales,...

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7 Sales plus 3 Million Dollar renovation at Baptist Theological Seminary

The August 29, 2022 issue covers seven commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: VERSAI INVESTMENT GROUP LLC, a local investment group, bought a 13-unit, three-building gated apartment compound with a pool on Baronne Street in Central City. Multifamily led the week with three of the seven sales, while a Hamdan family...

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