The Pulse: New Orleans

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

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...

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The Pulse NOLA: Warehouse District building sold for 2mm

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...

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The Pulse NOLA: Chateau Cleary apartment complex sells

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...

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

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 /...

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The Pulse NOLA: Entergy purchases 23 acres in Westwego

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 3601 Bender Blvd, New Orleans, LA 70114 Type: Multifamily Price: $3,100,000 ($38,750 / Unit) Buyer: OAK VILLA HOUSING 1 LLC Elifin's Notes: The Oak Villa Apartments, an 80-unit affordable senior living community, sells for 3.1MM. 234 Harbor Cir, New Orleans, LA 70126 Type: Industrial Price: $1,050,000 ($53.85 / SF) Buyer: KB LAND HOLDINGS...

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The Pulse NOLA: Langenstein’s grocery property in Uptown sold

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 2800 Veterans Blvd, Metairie, LA 70002 Type: Office Price: $9,300,000 ($95.89 / SF) Buyer: ROBCO LLC Elifin's Notes: A three-story office property along with its parking garage changes ownership on Veterans Boulevard in Metairie. 8814 Veterans Memorial Blvd, Metairie, LA 70003 Type: Retail Price: $5,900,000 ($180.24 / SF) Buyer: VLN DEVELOPERS LLC Elifin's Notes:...

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The Pulse NOLA: Chick-fil-A purchases land in Gretna

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 3432, 3434 Canal St; 118 S Clark St, New Orleans, LA 70119 Type: Office Price: $1,400,000 ($229.55 / SF) Buyer: 3434 CANAL LLC Elifin's Notes: An office property changes hands at the corner of Canal and South Clark Streets. 3314 Conti St, New Orleans, LA 70119 Type: Office Price: $647,999 ($79.88 /...

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The Pulse NOLA: Historic firehouse in Irish Channel sold

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 4289, 4293 Lac Saint Pierre Dr, Harvey, LA 70058 Type: Multifamily Price: $2,500,000 ($104,167 / Unit) Buyer: NOLA PROPERTIES LSP LLC Elifin's Notes: A pair of apartment buildings, totaling 24-units, sell in Harvey. 514 Jackson Ave, New Orleans, LA 70130 Type: Mixed-Use Price: $1,250,000 ($245.10 / SF) Buyer: NITETRIPPERS LLC Elifin's Notes: A newly...

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The Pulse NOLA: Restaurant property on St Claude Ave sold

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 2637 N Hullen St, Metairie, LA 70002 Type: Retail Price: $1,873,900 ($249.85 / SF) Buyer: 2637 N HULLEN LLC Elifin's Notes: A retail property changes ownership near Copeland Tower on North Hullen Street. 10833 Chef Menteur Hwy, New Orleans, LA 70127 Type: Retail Price: $1,300,000 ($383.93 / SF) Buyer: ZAHRAN LLC Elifin's Notes: A...

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The Pulse NOLA: LSU Board of Supervisors purchases land

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 2104-2132 Tulane Ave; 417 S Johnson St; 420-528 S Galvez St; 2109, 2111 Gravier St, New Orleans, LA 70112 Type: Land Price: $3,062,000 ($75.25 / Land SF) Buyer: BOARD OF SUPERVISORS OF LOUISIANA STATE UNIVERSITY Elifin's Notes: The LSU Board of Supervisors purchases 0.9+ acres of land, across 8...

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