The Pulse: New Orleans

05 Jun The Pulse NOLA: 274 Unit Oakmont of Algiers sell

Posted at 08:36h 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 2200 Westbend Pkwy Type: Multifamily Price: $4,500,000 ($16,423 / Unit) Buyer: ZURQUI LLC Elifin's Notes: As one of three sales this week as a result of the same bankruptcy proceeding, Baton Rouge-based investors purchase the Oakmont of Algiers apartment complex in the Behrman area 1445 Lapalco Blvd Type: Land Price: $3,500,000 ($9.17...

29 May The Pulse NOLA: New Medical office sells for 2.8mm

Posted at 08:26h 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 2405 Sanctuary Dr Type: Specialty Price: $2,800,000 Buyer: NEW ORLEANS MILITARY AND MARITIME ACADEMY INC Elifin's Notes: The Algiers Development District sells to the New Orleans Military and Maritime Academy its' own campus and additional property in the Whitney area of Algiers 2558 Barataria Blvd Type: Office Price: $2,388,039 Buyer: FCPT HOLDINGS LLC Elifin's...

22 May The Pulse NOLA: Ochsner Foundation purchases large retail building

Posted at 08:56h 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 6166 Elysian Fields Ave Type: Retail Price: $1,200,000 ($383.75 / SF) Buyer: HAZA FOODS OF NORTHEAST LLC Elifin's Notes: Fast Food property sells in the St. Anthony area 2830 Bell St Type: Mixed-Use Price: $1,078,000 ($176.95 / SF) Buyer: JG2 PROPERTIES LLC Elifin's Notes: Local investors purchase a mixed-use property with 7 apartments and...

15 May The Pulse NOLA: Large retail property in Terrytown sells for 3.8mm

Posted at 08:57h 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 2703 Belle Chasse Hwy Type: Retail Price: $3,800,000 ($104.13 / SF) Buyer: AVILA PROPERTIES LLC Elifin's Notes: Large retail property sells along Belle Chasse Highway 4422 Magazine Street Type: Retail Price: $950,000 ($442.48 / SF) Buyer: JADES NAIL BAR LLC Elifin's Notes: Local entity purchases a retail property along Magazine Street in the Uptown...

08 May The Pulse NOLA: Former Army National Guard facility sells

Posted at 08:48h 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 4200 Michoud Blvd Type: Industrial Price: $1,250,000 ($8.00 / SF) Buyer: 4200 MICHOUD LLC Elifin's Notes: An entity, led by Barry Kern, purchases the former Army National Guard facility sitting on 12.185 acres of land in the Michoud area 1731 Baronne St Type: Retail Price: $819,120 ($128.27 / SF) Buyer: EFFORTS OF GRACE...

01 May The Pulse NOLA: 32 Unit Texas Motel in Shrewsbury sells

Posted at 09:02h 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 3520 Airline Dr Type: Hospitality Price: $1,265,000 ($39,531.25 / Unit) Buyer: HARVEY GULF INTERNATIONAL MARINE LLC Elifin's Notes: The 32-unit Texas Motel sells in the Shrewsbury area of Metairie 1434 Amelia St Type: Office Price: $750,000 ($300.00 / SF) Buyer: HUQ TASHFIN; IQBAL AZREEN Elifin's Notes: Formerly split into two residential condo units, this...

24 Apr The Pulse NOLA: Pelican Pointe Car Wash sells in Metairie

Posted at 08:41h 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 2500 David Dr Type: Retail Price: $1,750,000 ($972.22 / SF) Buyer: WASHING CARS II LLC Elifin's Notes: The Pelican Pointe Car Wash property sells in the Lelia Place area of Metairie 200 Wright Ave Type: Industrial Price: $1,500,000 ($29.24 / SF) Buyer: JULIA REALTY LLC Elifin's Notes: Large industrial property with three buildings sells...

17 Apr The Pulse NOLA: Lakeshore Chrysler Dodge Jeep RAM on W Esplanade sells

Posted at 08:59h 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 2204 Idaho Ave Type: Multifamily Price: $800,000 ($100,000 / Unit) Buyer: PIAZZA ROSICA S; PIAZZA NICHOLAS L SR Elifin's Notes: A pair of local individuals purchase two adjacent 4-plexes in the Lisa Park area of Kenner 3333 Metairie Rd Type: Retail Price: $720,000 ($225.56 / SF) Buyer: MCLAND PROPERTY INVESTMENT II LLC Elifin's Notes:...

10 Apr The Pulse NOLA: 268-Unit American Can mixed use development sells

Posted at 09:37h 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 2930 Camp St Type: Mixed-Use Price: $965,000 ($121 / SF) Buyer: ST.JOHN GARDEN DISTRICT HOUSE, LLC Elifin's Notes: California-based investors purchase a Garden District area church with historic ties back to the 1840s; although it is zoned within a primarily residential designation, certain commercial uses are permitted under HU-RD1 5110...

03 Apr The Pulse NOLA: IHOP in Harvey area sells for 1.5mm

Posted at 09:43h 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 735 Elysian Fields Ave Type: Retail Price: $1,660,000 ($370 / SF) Buyer: MDC ASSOCIATES L L C Elifin's Notes: Local investor purchases retail property along Elysian Fields Avenue in the Marigny. 1719 Manhattan Blvd Type: Retail Price: $1,550,000 ($316 / SF) Buyer: MANHATTAN PLACE IHOP LLC Elifin's Notes: Hamdan Sons Investments LLC purchases a...