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A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 3221 Behrman Pl Type: Office Price: $1,200,000 ($80,000 / Unit) Buyer: LEGACY COMMERCIAL VENTURES LLC Elifin's Notes: Local investors purchase Algiers office complex with 15 units, totalling 19,560 sq ft 1436 Dante Street Type: Multifamily Price: $960,000 ($192,000 / Unit) Buyer: RJL HOLDINGS LLC Elifin's Notes: Alabama based group purchases 5-unit, three 2BR/1BA and...

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 383 Highlandia Dr Type: Office Price: $3,202,500 ($285 / SF) Buyer: Pinnacle Warehouse LLC Elifin's Notes: Office building with accompanying warehouse and vacant 1.2 acre lot sells on Highlandia Dr. 1600 Lakes Blvd Type: Multifamily Price: $3,045,000 ($145,000 / Unit) Buyer: Lewis Tec VI LLC Elifin's Notes: Local investors, Lanny and Valerie Lewis, purchase...

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 4021 Cadillac St, 3428501 Buchanan St Type: Healthcare Price: $11,000,000 ($215 / SF) Buyer: ST BERNARD NURSING & REHAB PROPCO LLC Elifin's Notes: Baton Rouge group purchases 51,264 sq ft nursing home facility next to City Park 2739 Tchoupitoulas St Type: Retail Price: $2,225,000 ($365 / SF) Buyer: DALTON SCARLETT BROOKS,...

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week Tract C-2-B-2-D-1-C Church St Type: Land Price: $2,000,000 ($3.71 / Land SF) Buyer: Benny's Zachary LLC Elifin's Notes: Benny's Car Wash purchases 12+ acres next to the Rouse's Market in Zachary. 505 University Walk Type: Multifamily Price: $1,100,000 ($110,000 / Unit) Buyer: University Walk, LLC Elifin's Notes: Metairie-based investor purchases 10 unit apartment building...

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 1532 Allen Toussaint Blvd Type: Office Price: $35,250,000 ($606 / SF) Buyer: PARADISE CAY APARTMENTS LLC Elifin's Notes: A Florida based firm acquires the over 58,000 sq ft Oschner Health Center in the Filmore area 1315 Southlawn Blvd Type: Multifamily Price: $6,500,000 ($52,000 / Unit) Buyer: SLIDELL RENTALS I LLC Elifin's Notes: Sprawling 125-unit...

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week Tract A-2-A Siegen Lane Type: Land Price: $1,875,000 ($24.60 / Land SF) Buyer: Aldi Inc Elifin's Notes: Aldi, a German-based grocery store chain, purchases lot near the Siegen Lane Village Shopping Center on the corner of Siegen Lane and I-10. 11512 Lake Sherwood Ave North Type: Office Price: $1,800,000 ($206 / SF) Buyer:...

DOWNLOAD FULL REPORT (PDF) The commercial real estate market is again on pace to break the $1 billion mark in transaction volume for 2022. After the first 6 months of 2022, there have been 280 transactions totaling $614.1mm in transaction volume. Multifamily continues to experience the highest transaction volume at $302.8mm, accounting for 49.3% of the total. The number of...

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 3000 July St Type: Portfolio Price: $45,571,200 ($155,004 / Unit) Buyer: BR1 Holdings LLC Elifin's Notes: Virginia-based firm purchase The Bradshaw Apartment complex near the North Gates at LSU. 9771 Jefferson Hwy Type: Multifamily Price: $100 + Other Valuable Consideration Buyer: Jefferson Shadows Partners LLC Elifin's Notes: The Jefferson Shadows Apartments, a 187 unit...

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 1540 Canal St; 1565 Cleveland Ave Type: Mixed-Use Price: $13,150,000 ($1,730 / SF) Buyer: ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND Elifin's Notes: At the center of development in the Storyville area along Canal Street, Tulane extends their footprint toward the river by purchasing a full block totalling 1.89 acres,...

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 1629 Washington Ave Type: Multifamily Price: $2,400,000 ($96,000 / Unit) Buyer: 1629 Washington Elifin's Notes: Washington Avenue 25-unit complex, a block off of St. Charles Avenue, sells to local investor. 1427-1429; 1435-1437 N Derbigny St Type: Multifamily Price: $1,500,000 ($187,500 / Unit) Buyer: T&N INVESTMENTS LLC Elifin's Notes: Two four-plexes in the Trem é...

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