The Pulse: New Orleans

Ted’s Frostop in Uptown sells

The May 26, 2025 issue covers ten commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $7.31M in disclosed volume. The headline deal: CANSECO PROPERTIES JEFFERSON LLC paid $2.5M ($51.55/SF) for the Azalea Gardens Shopping Center at 3615 Jefferson Highway. Retail led the week with six of the ten sales, including an auto service center at...

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Showroom sells for 2.8mm in Kenner

The May 19, 2025 issue covers seven commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $4.4M in disclosed volume. The headline deal: MORGAN&MORGAN LLC paid $2.8M ($116.12/SF) for a large showroom property at 2425 Williams Boulevard, at the corner of 24th Street in Kenner. Retail led the week with three of the seven sales, including...

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Industrial property sells for 2.25mm in Metairie

The May 12, 2025 issue covers eight commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $7.26M in disclosed volume. The headline deal: ARMADA PROPERTIES LLC paid $2.25M ($260.72/SF) for an industrial property on 0.8+ acres at 3217 27th Street in Metairie. Industrial led the week with three of the eight sales, while EAGLE EQUITIES LLC...

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Ochsner facility sells on Veterans

The May 5, 2025 issue covers twelve commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $6.37M in disclosed volume. The headline deal: 3601 BEHRMAN LLC paid $1.6M ($14,679/unit) for The Landing, a 109-unit senior living facility at 3601 Behrman Place in New Orleans. Retail led the week with six of the twelve sales, including the...

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Oschner Foundation purchases property on Jefferson

The April 28, 2025 issue covers ten commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $4.6M in disclosed volume. The headline deal: K C LINEN LLC paid $1.5M ($34.09/SF) for an industrial warehouse and office property at 7639 Townsend Place in New Orleans. Industrial, retail and land properties each accounted for three of the ten...

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Jazz & Heritage Festival acquires old art gallery

The April 21, 2025 issue covers ten commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $9.92M in disclosed volume. The headline deal: SMBC LEASING&FINANCE INC, a New York-based entity, paid $2.55M ($272.32/SF) for a dialysis clinic with warehouse space at 4419 and 4425 Utica Street in Metairie. Office led the week with four of the...

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Former Federal Reserve building sells in CBD

The April 14, 2025 issue covers eleven commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $8.56M in disclosed volume. The headline deal: OLD FEDERAL RESERVE LLC paid $3.5M ($83.49/SF) for the former Federal Reserve branch building at 147 Carondelet Street in the CBD. Office led the week with four of the eleven sales, including a...

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Strip center sells at Algiers Plaza

The April 7, 2025 issue covers nineteen commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $13.1M in disclosed volume. The headline deal: KMHSHELL LLC paid $2.65M ($85.68/Land SF) for a parcel of land, not including the improvements, at 1105 Veterans Memorial Boulevard in Metairie, next to a gas station and convenience store it already owns....

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Extra Space Storage facility sells for 29.6mm

The March 31, 2025 issue covers thirteen commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $36.3M in disclosed volume. The headline deal: EXTRA SPACE PROPERTIES TWO LLC paid $29.6M ($34,180/unit) for the Extra Space Storage facility at 4866 Tchoupitoulas Street near F&M's Patio Bar. Land led the week with five of the thirteen sales, including...

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Luxury apartments sell for over 33mm

The March 24, 2025 issue covers nine commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $36.6M in disclosed volume. The headline deal: 2651 POYDRAS LLC paid $33.2M ($132,604/unit) for the 250-unit Marquis Luxury Apartments at Poydras Street and South Broad Street. Multifamily and retail led the week with three of the nine sales each, including...

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