News

20 Jan The Pulse NOLA: One of NOLA’s most blighted properties sells

Posted at 09:13h 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 3409 Severn Ave, Metairie, LA 70002 Type: Multifamily Price: $17,650,000 ($109,627 / Unit) Buyer: LOCAL ON SEVERN LLC Elifin's Notes: The Medve Group, a Texas-based property management company, acquires The Local on Severn, a 161-unit multifamily property, in Metairie for $17.6MM. 1925 L and A Rd, Metairie, LA 70001 Type: Industrial Price:...

20 Jan The Pulse BR: City of Central purchases 356 acres

Posted at 09:12h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 356.3 acres Wax Rd, Baton Rouge, LA 70818 Type: Land Price: $5,700,000 ($0.37 / Land SF) Buyer: Central City Of Elifin's Notes: The City of Central, presumably for the planned Mainstreet 2030 project, purchases 356+ acres of land located between Wax Road and Hooper Road. 34411...

13 Jan The Pulse LFT: Former law firm office sells Downtown

Posted at 10:07h in Research, The Pulse, The Pulse: Lafayette by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 1581 S Bernard Rd, Broussard, LA 70518 Type: Retail Price: $1,595,000 ($477.26 / SF) Buyer: CRRE INVESTMENTS LLC Elifin's Notes: CRRE Investments acquires the retail property at the corner of South Bernard and West Fairfield, adjacent to the Sabal neighborhood developments, in Broussard. 113 W Convent St, Lafayette, LA 70501 Type: Office Price:...

13 Jan The Pulse NOLA: The Sugar Mill event venue sells

Posted at 09:59h 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 4425 W Napoleon Ave, Metairie, LA 70001 Type: Industrial Price: $1,900,000 ($267.61 / SF) Buyer: 2007 CLEARVIEW LLC Elifin's Notes: 2007 Clearview LLC purchases an industrial flex-showroom space on West Napoleon Avenue in Metairie. 4512 Zenith St, Metairie, LA 70001 Type: Industrial Price: $1,750,000 ($118.81 / SF) Buyer: 2007 CLEARVIEW LLC Elifin's Notes: 2007...

13 Jan The Pulse BR: Asian Pearl property sells in Zachary

Posted at 09:57h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 908 W Orice Roth Rd, Gonzales, LA 70737 Type: Industrial Price: $3,000,000 ($45.32 / SF) Buyer: SKR Real Estate LLC Elifin's Notes: SKR Real Estate purchases a collection of industrial properties (three warehouses and 2+ acres of land) on and just off of Orice Roth Road. 13862 Perkins...

10 Jan Market Report – New Orleans, LA – December 2024

Posted at 09:52h in Insights, Market Report: New Orleans, Research by ELIFIN® 0 Comments

Overall Dollar Volume is down 1.36% The trailing 12 month total dollar volume of sales was $820.1M at the end of Dec 2024 vs. $831.4M at the end of the prior month. Overall Deal Velocity is up 0.77% The trailing 12 month sale count was 524 at the end of Dec 2024 vs. 520 at the end of the prior month. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2025/01/Market-Report-New-Orleans-LA-December-2024.pdf" attachment_id="13799"...

10 Jan Market Report – Lafayette, LA – December 2024

Posted at 09:50h in Insights, Market Report: Lafayette, Research by ELIFIN® 0 Comments

Overall Dollar Volume is down 6.73% The trailing 12 month total dollar volume of sales was $297.5M at the end of Dec 2024 vs. $318.9M at the end of the prior month. Overall Deal Velocity is down 1.95% The trailing 12 month sale count was 301 at the end of Dec 2024 vs. 307 at the end of the prior month. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2025/01/Market-Report-Lafayette-LA-December-2024.pdf" attachment_id="13800"...

10 Jan Market Report – Baton Rouge, LA – December 2024

Posted at 09:49h in Insights, Market Report: Baton Rouge, Research by ELIFIN® 0 Comments

Overall Dollar Volume is down 9.53% The trailing 12 month total dollar volume of sales was $394.2M at the end of Dec 2024 vs. $435.7M at the end of the prior month. Overall Deal Velocity is down 0.86% The trailing 12 month sale count was 344 at the end of Dec 2024 vs. 347 at the end of the prior month. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2025/01/Market-Report-Baton-Rouge-LA-December-2024.pdf" attachment_id="13801"...

06 Jan The Pulse LFT: Two mobile home parks change hands

Posted at 09:54h in Research, The Pulse, The Pulse: Lafayette by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 301, 305 Malapart Rd, Lafayette, LA 70507 Type: Retail Price: $950,000 ($152.81 / SF) Buyer: INSURANCE AUTO AUCTIONS CORP Elifin's Notes: An auto auction property changes hands on Malapart Road. 840 Jenkins Rd, Duson, LA 70529 Type: Multifamily Price: $875,000 ($39,773 / Unit) Buyer: LT ENTERPRISES LLC Elifin's Notes: LT Enterprises acquires a 22-unit mobile...

06 Jan The Pulse NOLA: Retail property sells in the French Quarter

Posted at 09:53h 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 604 Julia St, New Orleans, LA 70130 Type: Mixed-Use Price: $1,400,000 ($216.95 / SF) Buyer: 604 JULIA LLC Elifin's Notes: A Warehouse District mixed-use property, consisting of one street level retail, four STR units, and two apartments, sells. 609, 615 Chartres St, New Orleans, LA 70130 Type: Retail Price: Withheld Buyer: 609 CHARTRES...