Benji Azar of ELIFIN® represented both parties in the successful sale of the multifamily portfolio located at 870, 4900, 4910, and 4920 Alsace Street in New Orleans, LA. Challenge On the surface, this appeared to be a straightforward multifamily acquisition. In practice, it was anything but. The portfolio consisted of four separate parcels, each with its own legal description, existing lease obligations,...
Caden Leblanc of ELIFIN® represented the landlord in the successful leasing of the industrial property located at 198 Trinity Lane in Gray, LA. Challenge This property had been vacant with little leasing activity. The Houma market was not producing qualified prospects for the industrial warehouse/ office space, and traditional marketing efforts were not generating the traction needed to fill the space. Strategy Caden canvassed...
A weekly update on the commercial real estate landscape of The Northshore. Commercial Sales Recorded Last Week Parcels 2-S, 4 Wadsworth Pkwy, Mandeville, LA 70448 Type: Land Price: $4,300,000 ($0.69 / Land SF) Buyer: CROSBY DEVELOPMENT COMPANY, L.L.C. Elifin's Notes: A local developer purchases a pair of large tracts of land on either side of I-12 next to the newly developed Gulf South Commerce Park. 21544 Hwy...
A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 600 Blk Ambassador Caffery Pkwy, Lafayette, LA 70583 Type: Land Price: $1,250,000 ($3.57 / Land SF) Buyer: LAFAYETTE 600 AMBASSADOR CAFFERY LLC Elifin's Notes: An 8+ acre parcel of land sells on Ambassador Caffery Parkway in Scott. 606, 618 N University Ave, Lafayette, LA 70506 Type: Industrial Price: $700,000 ($34.68 / SF) Buyer: RITE...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 2564 Barataria Blvd, Marrero, LA 70072 Type: Retail Price: $2,150,000 ($231.53 / SF) Buyer: BZCP MARRERO LA LLC Elifin's Notes: A New York-based company purchases a CVS Pharmacy property on Barataria Boulevard. 3100 19th St, Metairie, LA 70002 Type: Retail Price: $2,047,933 ($172.46 / SF) Buyer: NORBO PROPERTIES LAKEVIEW LLC Elifin's Notes: The former...
A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 6849 Corporate Blvd, Baton Rouge, LA 70809 Type: Land Price: $2,136,618 ($30.00 / Land SF) Buyer: Synergy Bank Elifin's Notes: A 1+ acre parcel of land sells next to the Reserve at Cedar Lodge on Corporate Boulevard. 3202, 3230 Iowa St, Baton Rouge, LA 70802 Type: Multifamily Price:...
Overall Dollar Volume is down 10.52% The trailing 12 month total dollar volume of sales was $387.5M at the end of Mar 2026 vs. $433.1M at the end of the prior month. Overall Deal Velocity is up 2.35% The trailing 12 month sale count was 349 at the end of Mar 2026 vs. 341 at the end of the prior month. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2026/04/Market-Report-Lafayette-LA-March-2025.pdf" attachment_id="20482"...
Overall Dollar Volume is up 4.38% The trailing 12 month total dollar volume of sales was $994.3M at the end of Mar 2026 vs. $952.5M at the end of the prior month. Overall Deal Velocity is up 0.93% The trailing 12 month sale count was 543 at the end of Mar 2026 vs. 538 at the end of the prior month. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2026/04/Market-Report-New-Orleans-LA-March-2025.pdf" attachment_id="20483"...
Overall Dollar Volume is up 2.12% The trailing 12 month total dollar volume of sales was $1.206B at the end of Mar 2026 vs. $1.181B at the end of the prior month. Overall Deal Velocity is up 3.85% The trailing 12 month sale count was 458 at the end of Mar 2026 vs. 441 at the end of the prior month. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2026/04/Market-Report-Baton-Rouge-LA-March-2025.pdf" attachment_id="20484"...
A weekly update on the commercial real estate landscape of The Northshore. Commercial Sales Recorded Last Week 111 Northshore Blvd, Slidell, LA 70460 Type: Retail Price: $1,225,000 ($612.50 / SF) Buyer: BIDART FAMILY TRUST Elifin's Notes: A family trust out of California purchases a recently built Take 5 Oil Change property. 1500 J W Davis Dr, Hammond, LA 70403 Type: Office Price: $905,000 ($205.68 / SF) Buyer: TARC Elifin's Notes: A...
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