31 Aug High-rise in the CBD sells for 27 million

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

A weekly update on the commercial real estate landscape of New Orleans.

Thirteen commercial sales closed across New Orleans and surrounding markets the week of August 31, 2026, totaling $33.7M in disclosed volume. The headline deal: 200 Carondelet Portfolio LLC paid $27.2M ($143,736/unit) for a 189-unit high-rise apartment complex in the Central Business District. Multifamily properties and retail assets drove the week’s activity, with institutional investors capturing premium CBD and metro-area locations.

Commercial Sales Recorded Last Week

200 Carondelet St, New Orleans, LA 70130

Type: Multifamily
Price: $27,166,125 ($143,736 / Unit)
Buyer: 200 CARONDELET PORTFOLIO, LLC
Elifin’s Notes: A 189-unit high rise apartment property sells in the CBD.

3002 9th St, Metairie, LA 70002

Type: Multifamily
Price: $2,680,000 ($92,414 / Unit)
Buyer: LUCKY FORTUNE ESTATE LLC
Elifin’s Notes: A 29-unit multifamily property sells off of North Causeway Boulevard behind Lakeside Toyota.

6243 River Rd, Avondale, LA 70094

Type: Retail
Price: $1,650,000 ($212.90 / SF)
Buyer: 6243 RIVER ROAD LLC
Elifin’s Notes: A convenience store/gas station property changes hands on River Road.

6351 Gen Diaz St, New Orleans, LA 70124

Type: Land
Price: $650,000 ($51.45 / Land SF)
Buyer: TIFFANY NOLA LLC
Elifin’s Notes: A 0.2+ acre parcel of commercial land sells in Lakeview.

6641 Westbank Expy, Marrero, LA 70072

Type: Retail
Price: $635,000 ($111.40 / SF)
Buyer: TEMPLET RENTALS LLC
Elifin’s Notes: A multi-tenant strip center property changes hands on the Westbank Expressway.

2110 I 10 Service Rd, Kenner, LA 70065

Type: Office
Price: $575,000 ($70.43 / SF)
Buyer: CRC PROPERTY MANAGEMENT LLC
Elifin’s Notes: A pair of commercial properties along with the adjacent vacant land parcel sell in Kenner.

96 W 27th St, Kenner, LA 70062

Type: Industrial
Price: $325,000 ($108.33 / SF)
Buyer: TAQUERIA LA CONQUISTADORA LLC
Elifin’s Notes: An industrial property sells within the Crestview Office and Industrial Park.

2038 Dickory Ave, Elmwood, LA 70123

Type: Multifamily
Price: Withheld
Buyer: JIM HOTARD VENTURES LLC
Elifin’s Notes: An 18-unit multifamily property changes ownership on Dickory Avenue.

4212, 4214 Magazine St, New Orleans, LA 70115

Type: Retail
Price: Withheld
Buyer: RSSM ENTERPRISES LLC
Elifin’s Notes: A two-story retail property changes hands on Magazine Street.

3823 Magazine St, New Orleans, LA 70115

Type: Retail
Price: Withheld
Buyer: 3823 MAGAZINE, LLC
Elifin’s Notes: A retail property sells on Magazine Street.

3939 Houma Blvd (Bldg 2), Metairie, LA 70006

Type: Office
Price: Withheld
Buyer: 41242 AUDUBON GARDENS LLC
Elifin’s Notes: A multi-tenant medical office property changes hands near East Jefferson Hospital.

3915 Perrier St, New Orleans, LA 70115

Type: Retail
Price: Withheld
Buyer: LM MANAGEMENT LLC
Elifin’s Notes: A commercial property most recently occupied by Perrier Montessori School sells.

2541 Bayou Rd, New Orleans, LA 70119

Type: Specialty
Price: Withheld
Buyer: ANDRE CAILLOUX CENTER FOR PERFORMING ARTS
Elifin’s Notes: A church property changes hands on Bayou Road.

Commercial Permits Issued Last Week

Address	Type / Value	Description	Owner / Applicant / Contractor
1 Drexel Dr	Mechanical HVAC $9,643,750	Furnish and install 3 new water chillers and generators.	[O] Xavier University Of Louisiana [A] David Raymond Gallo Jr. [C] David Raymond Gallo Jr.
500 Port Of New Orleans Pl	Renovation (Structural) $1,882,105	Creating new commercial unit. Change of use from retail to restaurant.	[O] Rockstep Riverwalk LLC, Board of Commissioners Port of New Orlea NS, Beverly Leah Steckler Cohen, Laney J Chouest, Peter L Glaser, First Call Pharmacy LLC, John G Hall, Foster Jack V Jr, Laney J Chouest, Poche Timothy J, Stanton L Middleton, William [A] Zach Smith Consulting & Design [C] PERRIER ESQUERRE CONTRACTORS, LLC
3525 Bienville Ave	Renovation (Structural) $226,095	Exterior wall stabilization	[O] Margarets Daughters St, Mercy Partners LLC [A] Woodward Design Build [C] Woodward Design & Build, LLC
3 Poydras St	Moving Equipment $196,401	Modernization of One Hydraulic Elevator	[O] Rockstep Riverwalk LLC, Board of Comm Port of New Orleans, Cohen Stephen Michael, Laney J Chouest, Parenton Juanita K, First Call Pharmacy LLC, John G Hall, Foster Jack V Jr, Laney J Chouest, Poche Timothy J, Stanton L Middleton, William Henry Shane [A] Pinnacle Elevator [C] Pinnacle Elevator
2275 Sanctuary Dr	Swimming Pool $173,250	Swimming pool construction for 60 unit development Riverside Lofts at Federal City (building, site permits by Brown Builders, Inc.) New pool house to be built under a seperate permit. 25-27239-ACCS	[O] Building 4 LLC [A] Paige Harvell [C] GW Oliver Construction, Brown Builders Inc
2121 Chartres St	Electrical Service / Circuit / Feeder $136,853	New construction wiring	[O] 201 North Rampart LLC [A] Robert Darren Beaubouef [C] CM Combs Construction, LLC
2121 Chartres St	Electrical Service / Circuit / Feeder $136,853	New construction Electrical wiring.	[O] 201 North Rampart LLC [A] Robert Darren Beaubouef [C] CM Combs Construction, LLC
330 Magazine St	Moving Equipment $117,298	Modernization of One (1) Hydraulic Elevator	[O] BM Hotels LLC [A] A-1 Elevator Service LLC [C] A-1 Elevator Service LLC
214 Royal St	Moving Equipment $98,700	Modernization of One Elevator	[O] New Hotel Monteleone Inc [A] A-1 Elevator Service LLC [C] A-1 Elevator Service LLC
1370 Camp St, 1370 Camp St Unit A, 1370 Camp St Unit B, 1372 Camp St	Renovation (Structural) $89,619	Remove and replacing siding at right, rear, and left elevations. Paint full exterior. To be done as per scope.	[O] Cory Nicholas Cowan, Hallie A Lormand, Liberatore Vincent Jr, David J Skey [A] C3NOLA INVESTMENT GROUP LLC [C] C3NOLA INVESTMENT GROUP LLC
803 Burgundy St, 805 Burgundy St, 809 Burgundy St, 1001 Saint Ann St	Renovation (Structural) $55,955	Structural repairs per attached materials stamped VCC approved 03/06/2025 and 03/11/2025 as follows: Remove and replace thirteen (13) N. Rampart-side piers on new continuous concrete footing. Use VCC mortar (attached). Brick samples must be submitted to staff for review and approval prior to installation. Remove and replace two center piers as indicated. Encapsulate three piers with VCC mortar mix (attached) All work to match existing conditions in size, profile, dimension, reveal, material, color, and visual appearance unless otherwise explicitly noted. Prepackaged mortar and stucco mixes are NOT permitted.	[O] David P Talbot [A] John Leze [C]
714 Orleans Ave	Renovation (Non-Structural) $44,300	EXTERIOR REPAIRS ONLY	[O] [A] Archetype LLC [C] Gootee Construction Inc
1117 Montegut St	Electrical Service / Circuit / Feeder $42,500	increase electrical Service 400 amp	[O] La Jetee LLC [A] Mark Gerard Andrews, Sr. [C] Mark Gerard Andrews, Sr.
3519 Trafalgar St	Renovation (Non-Structural) $32,000	Interior Renovation to subdivide one classroom into two clasrooms. To be built as per plans.	[O] Orleans Parish School Board [A] LACHIN Architects, apc [C] Ridge, Inc., CHRISTOPHER ANTHONY CARBONI
13101 Chef Menteur Hwy	Mechanical Fuel Gas $18,756	INSTALLING 14KW GENERAC GAS GENERATOR	[O] Ellis Khoa LLC [A] Hector Lopez [C] Hector Lopez
13101 Chef Menteur Hwy	Permanent Generator $18,560	INSTALLING 14KW GENERAC GAS GENERATOR	[O] Ellis Khoa LLC [A] Hector Lopez [C] Hector Lopez
8616 Hickory St	Renovation (Structural) $18,400	Expansion of place of worship – dig out grade beans, pour concrete,framing to code, fix roof, install ac	[O] [A] Greater Saint John Missionary Baptist Church [C] Mark’s Masonry L.L.C
1307 Louisiana Ave	Mechanical HVAC $17,630	Replacing 7.5 ton roof top package A/C	[O] Our Lady of Good Counsel [A] Douglas Anthony Guthans [C] Douglas Anthony Guthans
336 Exchange Pl	Construction Loop $15,000	Construction Loop type of meter needed	[O] 618 Conti Street LLC [A] Edward Joseph Corass III [C] Edward Joseph Corass III
2375 Tchoupitoulas St	Electrical Service / Circuit / Feeder $12,000	Furnish and install one-200amp main circuit breaker disconnect complete with MLO 200amp panel for 2375 Tchoupitoulas St	[O] 1st Street Racquet Club [A] Todd Alexander Dolce [C] Todd Alexander Dolce
2724 New Orleans St Apt B	Mechanical HVAC $10,000	To install one 3-ton 454B electric system, which includes air handles, condenser, copper and duck work.	[O] Straughter Taneshia [A] Larry Terrance Bentley [C] Larry Terrance Bentley
2724 New Orleans St Apt A	Mechanical HVAC $10,000	To install one 3-ton 454B electric system, which includes air handles, condenser, copper and duck work.	[O] Straughter Taneshia [A] Larry Terrance Bentley [C] Larry Terrance Bentley
1444 Harmony St Apt B	Mechanical HVAC $10,000	Install 2ton HVAC System.	[O] 3200 Block Prytania LLC [A] Paul E. Herkes IV [C] Paul E. Herkes IV
7019 Crowder Blvd Apt 126	Renovation (Non-Structural) $5,000	Close up the walls in the unit Non-structual repairs to include sheet rock, paint, cabinets, new sink, plumbing. No electrical allowed under this pemit.	[O] Huntington Park 23 LLC [A] Zalmen Lowin [C] Mighty Air Conditioning & Heating LLC
1444 Harmony St Apt A	Mechanical HVAC $5,000	Install 2 ton system	[O] 3200 Block Prytania LLC [A] Paul E. Herkes IV [C] Paul E. Herkes IV
514 Dumaine St	Mechanical Fuel Gas $2,450	Run a new gas line to tie in three gas lights.	[O] Solley Signature Properties LLC, Glaros Steven J, Smith Todd T, Wellington Hall LTD, Jurisa LLC, 514 Dumaine LLC, Roy Claude, Suzanne J Myers, Eric E Jarrell, R Steven Neighoff [A] Randy James Deslatte [C] Randy James Deslatte
1051 Magazine St	Electrical Service / Circuit / Feeder $2,290	ENTERGY IS SHUTTING DOWN THE ENTERGY VAULT FOR THE WW2 MUSEUM ON THURS 8/27/26 AT 5:30PM SO MUSEUM CAN PREFORM SWITCH GEAR INSPECTIONS ON MAIN ELECTRICAL GEAR. POWER TO BE TURNED BACK ON SAME NIGHT. NO CHANGES OR REPAIRS BEING MADE, ONLY INSPECTIONS.	[O] The National World War II Museum Inc, National D-Day Museum Foundation Inc, National D-Day Museum Foundation Inc, The National D-Day Museum Foundation Inc [A] Jeremy Chase Martin [C] Jeremy Chase Martin
3940 Thalia St	Renovation (Non-Structural) $1,000	Permit only to include approved outside area for amusement facility via Planned Development. Building renovation completed under permit #25-13755-RNVS and #25-30892-RNVS NO CONSTRUCTION WORK CAN BE DONE UNDER THIS PERMIT! Conditional Use ONLY.	[O] Icannotstandthistown LLC [A] Zach Smith Consulting & Design [C]
719 Washington Ave	Electrical Service / Circuit / Feeder $850	emergency disconnect and reconnect	[O] Jessica B Mcnulty [A] Travis Lee Segura [C] Travis Lee Segura
717 Washington Ave	Electrical Service / Circuit / Feeder $850	emergency disconnect and reconnect	[O] Jessica B Mcnulty [A] Travis Lee Segura [C] Travis Lee Segura
248 Cherokee St Unit 33	Electrical Vacancy $698	Six Month Vacancy Inspection 248 Cherokee St Unit 33	[O] Olusegun Adeleye, Marco A Zamora, Corey Franklin Berner, Thomas J Buck, Midstream Evaluators LLC, Washington Michelle B, Michael J Ariano, The Thomas Consulting Group LLC, Torrance Green, David M Moragas, Marthe Assi, Jeffrey P Marino, E Apartmentsl [A] Roderick Duane Sanders [C] Roderick Duane Sanders
2526 Saint Bernard Ave	Mechanical Fuel Gas $550	Gas leak repair	[O] Diana VO [A] William Leroy Hoffman, Jr [C] William Leroy Hoffman, Jr
3613 Cambronne St Apt BLDG1-1D	Electrical Vacancy $549	Permit & Inspection for vacant over 6 months reconnect 3613 Cambronne St Apt BLDG1-1D	[O] [A] Frederick Andrew Schenck Sr. [C] Frederick Andrew Schenck Sr.
4443 Wilson Ave Apt 102	Electrical Service / Circuit / Feeder $500	Renovation, add new circuit For apt 102	[O] Meyers Investment Properties LLC [A] Richard Anthony Cook Jr. [C] Richard Anthony Cook Jr.
4443 Wilson Ave Apt 103	Electrical Service / Circuit / Feeder $500	Renovation, add new circuits For apt 103	[O] Meyers Investment Properties LLC [A] Richard Anthony Cook Jr. [C] Richard Anthony Cook Jr.
4443 Wilson Ave Apt 202	Electrical Service / Circuit / Feeder $500	Renovation, add new circuits For apt 202	[O] Meyers Investment Properties LLC [A] Richard Anthony Cook Jr. [C] Richard Anthony Cook Jr.
4443 Wilson Ave Apt 203	Electrical Service / Circuit / Feeder $500	Renovation, add new circuits For apt 203	[O] Meyers Investment Properties LLC [A] Richard Anthony Cook Jr. [C] Richard Anthony Cook Jr.
3204 Prytania St Apt 102	Mechanical Fuel Gas $500	Install gas line to stove	[O] 3200 Block Prytania LLC [A] Paul E. Herkes IV [C] Paul E. Herkes IV
4002 S Carrollton Ave Apt 419	Electrical Vacancy $450	Vacancy Permit 4002 S Carrollton Ave Apt 419	[O] AP Family Holdings LLC [A] Nicholas Edward Caldwell [C] Nicholas Edward Caldwell
7712 Cohn St Apt 1C	Mechanical Fuel Gas $350	Repaired gas stove leak.	[O] 7712 Cohn LLC [A] Mckinley Smith III [C] Mckinley Smith III
3522 Vespasian St Unit 135	Electrical Service / Circuit / Feeder $195	Disconnect Reconnect Replace Meter Jaws for unit 135	[O] Elijah III Nelson, Julie Ann Lamothe, Cindy L Williams, Ingrassia Peter Jr Ingrassia Janet A, Ivan V Haugh, Huynh Thinh, Richard W IV Gallardo, Reina C Ramirez, Green Span Investments LLC, Tejan O Jallow, Investment Nuts LLC, Wendy G Morris, Edward I [A] Orlis Stevenson Payne [C]
3522 Vespasian St Unit 136	Electrical Service / Circuit / Feeder $195	Disconnect Reconnect Replace Meter Jaws for Apt 136	[O] Elijah III Nelson, Julie Ann Lamothe, Cindy L Williams, Ingrassia Peter Jr Ingrassia Janet A, Ivan V Haugh, Huynh Thinh, Richard W IV Gallardo, Reina C Ramirez, Green Span Investments LLC, Tejan O Jallow, Investment Nuts LLC, Wendy G Morris, Edward I [A] Orlis Stevenson Payne [C] Kopper Lights Electric
3522 Vespasian St, House Meter	Electrical Service / Circuit / Feeder $195	Disconnect Reconnect Replace Meter Jaws For house meter	[O] Elijah III Nelson, Julie Ann Lamothe, Cindy L Williams, Ingrassia Peter Jr Ingrassia Janet A, Ivan V Haugh, Huynh Thinh, Richard W IV Gallardo, Reina C Ramirez, Green Span Investments LLC, Tejan O Jallow, Investment Nuts LLC, Wendy G Morris, Edward I [A] Orlis Stevenson Payne [C] Kopper Lights Electric
3522 Vespasian St Unit 127	Electrical Service / Circuit / Feeder $195	Temp Disconnect Reconnect Replace meter socket for Apt 127	[O] Elijah III Nelson, Julie Ann Lamothe, Cindy L Williams, Ingrassia Peter Jr Ingrassia Janet A, Ivan V Haugh, Huynh Thinh, Richard W IV Gallardo, Reina C Ramirez, Green Span Investments LLC, Tejan O Jallow, Investment Nuts LLC, Wendy G Morris, Edward I [A] Orlis Stevenson Payne [C] Orlis Stevenson Payne
3522 Vespasian St Unit 128, 128	Electrical Service / Circuit / Feeder $195	Disconnect and Reconnect replacing meter Jaws for Apt 128	[O] Elijah III Nelson, Julie Ann Lamothe, Cindy L Williams, Ingrassia Peter Jr Ingrassia Janet A, Ivan V Haugh, Huynh Thinh, Richard W IV Gallardo, Reina C Ramirez, Green Span Investments LLC, Tejan O Jallow, Investment Nuts LLC, Wendy G Morris, Edward I [A] Orlis Stevenson Payne [C] Orlis Stevenson Payne
3522 Vespasian St Unit 130, 130	Electrical Service / Circuit / Feeder $195	Disconnect Reconnect Replace Meter Jaws for Apt 130	[O] Elijah III Nelson, Julie Ann Lamothe, Cindy L Williams, Ingrassia Peter Jr Ingrassia Janet A, Ivan V Haugh, Huynh Thinh, Richard W IV Gallardo, Reina C Ramirez, Green Span Investments LLC, Tejan O Jallow, Investment Nuts LLC, Wendy G Morris, Edward I [A] Orlis Stevenson Payne [C] Orlis Stevenson Payne
1923 Saint Charles Ave	Swimming Pool N/A	THE SCOPE OF WORK FOR THIS PERMIT IS THE POOL ON THE SIXTH FLOOR OF A NEW SIX-STORY HOTEL. ALL WORK TO BE DONE AS PER PLANS.	[O] Vre 1923 St Charles LLC [A] Edr Architects [C] Lemoine Company
921 Canal St	Moving Equipment N/A	Modernization of 19 Elevators	[O] RC New Orleans Owner LLC, WH Holdings LLC, Central Plant New Orleans Owner LLC [A] Otis Elevator [C] Otis Elevator
4201 Tulane Ave -Ste HM2	Change of Address N/A	26-08320-RNVS Business Use, 5 Suites. ADD 4201 Tulane Ave Ste 101 New Orleans, LA 70119 ADD 4201 Tulane Ave Ste 102 New Orleans, LA 70119 ADD 4201 Tulane Ave Ste 103 New Orleans, LA 70119 ADD 4201 Tulane Ave Ste 104 New Orleans, LA 70119 ADD 4201 Tulane Ave Ste 105 New Orleans, LA 70119 ADD 4201 Tulane Ave HM1 New Orleans, LA 70119 ADD 4201 Tulane Ave HM2 New Orleans, LA 70119	[O] KCT Tulane LLC [A] KCT Tulane LLC [C]
750 Carondelet St -Ste 202	Change of Address N/A	26-21520-RNVS Business Use, 5 Suites. ADD 750 Carondelet St Ste 101 New Orleans, LA 70130 ADD 750 Carondelet St Ste 102 New Orleans, LA 70130 ADD 750 Carondelet St Ste 103 New Orleans, LA 70130 ADD 750 Carondelet St Ste 201 New Orleans, LA 70130 ADD 750 Carondelet St Ste 202 New Orleans, LA 70130	[O] 750 Carondelet Investors LLC [A] 750 Carondelet Investors LLC [C]
4240 Magnolia St	Demolition N/A	This permit is to allow for the demolition of the building, slab and parking lot located at 4240 Magnolia Street. The building is in disrepair and is in imminent danger of collapse.	[O] Ochsner Community Hospitals [A] Louis Lebourgeois IV [C]
1618 Annette St, 1618 Annette St Apt 1A, 1618 Annette St Apt 2A, 1620 Annette St, 1620 Annette St Apt 1A, 1620 Annette St Apt 2A	Change of Address N/A	26-22952-NEWC, 26-24781-NEWC Three to Four Family, 2 Duplexes. KEEP 1618 Annette St New Orleans, LA 70116 ADD 1618 Annette St Apt 1A New Orleans, LA 70116 ADD 1618 Annette St Apt 2A New Orleans, LA 70116 KEEP 1620 Annette St New Orleans, LA 70116 ADD 1620 Annette St Apt 1A New Orleans, LA 70116 ADD 1620 Annette St Apt 2A New Orleans, LA 70116	[O] R6 Investments LLC [A] R6 Investments LLC [C]
1401 Erato St, 1139 Coliseum St	Change of Address N/A	26-14987-RNVS Business Use CHANGE 1401 Erato St New Orleans, LA 70130 to 1139 Coliseum St New Orleans, LA 70130	[O] Riseimpact Capital II LLC [A] Riseimpact Capital II LLC [C]
1501 S Norman C Francis Pkwy, 1509 S Norman C Francis Pkwy A, 1509 S Norman C Francis Pkwy B, 1509 S Norman C Francis Pkwy	Change of Address N/A	Resubdivision of Lots 24, 25, 26, 27 and Y into Lot 24A in Square F, Vendome Place and bounded by South Norman C Francis Parkway, Grape Street, Vendome Place, and Marktin LUther King, Jr. Boulevard. SD093-26 KEEP 1501 S Norman C Francis Pkwy New Orleans, LA 70125 (Address of Record) (LOT 24A) KEEP 1509 S Norman C Francis Pkwy New Orleans, LA 70125 KEEP 1509 S Norman C Francis Pkwy Ste A New Orleans, LA 70125 RETIRE 1509 S Norman C Francis Pkwy Ste B New Orleans, LA 70125	[O] Retif/Jefferson Davis Inc [A] Retif/Jefferson Davis Inc [C]

Sale records included based on the following parameters: Building and commercial land sales with a sales price that is either withheld or greater than or equal to $300,000. Multifamily sales greater than or equal to 5 units. Sale must be an arm’s length transaction (between unrelated parties). Best efforts are made to provide complete and reliable information, but accuracy is not guaranteed and the reader bears the responsibility to verify the accuracy of such information prior to forwarding it, utilizing it, or relying on it in any way.

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