News

WWII Museum purchases 15,000 sf warehouse on Magazine Street

The January 23, 2023 issue covers eleven commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: NATIONAL WORLD WAR II MUSEUM INC bought a 15,000 SF multi-use warehouse space on Magazine Street in the Warehouse District. Retail led the week with five of the eleven sales, including the 4,444 SF historic restaurant/retail space in...

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Former Albertsons sold

The January 23, 2023 issue covers eight commercial sales recorded across Baton Rouge the previous week. The headline deal: OVGS LLC, a local investor, bought the former Albertsons at Oak Villa Boulevard and Greenwell Springs Road. Retail led the week with three of the eight sales, including the former Sammy's Grill in Central, bought by the owners of Ichiban Sushi,...

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Multi-million dollar renovation permit for CrescentCare Health

The January 16, 2023 issue covers two commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: Panayas J Dikeou as trustee of the PM Trust, Colorado-based investors, bought a 5,400 SF industrial space on West 27th Street in the Crestview Office & Industrial Park area. The week's other sale was a 16-unit multifamily property...

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Former McDonald’s on Lee Dr sold

The January 16, 2023 issue covers nine commercial sales recorded across Baton Rouge the previous week. The headline deal: Placid Refining Company LLC bought a downtown office building at 402 Laurel Street and a nearby parking lot. Office and retail led with two sales each, including the former McDonald's at West Lee Drive and Burbank Drive, bought by Car Wash...

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Commercial Sales Report – December 2022

DOWNLOAD FULL REPORT (PDF) The East Baton Rouge Parish commercial real estate sales market ended 2022 with 531 recorded sales totaling $1.175 billion in transaction volume. That is 5 fewer transactions than 2021 and $165 million more in volume. Like in 2021, Multifamily sales in 2022 saw the most volume with $511 million transacted (43%) and Industrial saw the least with $58.7...

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Howard Tower sells

The January 9, 2023 issue covers thirteen commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: 1000 HOWARD LLC, Lafayette-based investors, bought the 1000 Howard Building on Howard Avenue, 12 stories plus basement with 84,466 SF of office space. Mixed-use led the week with five of the thirteen sales, including the former Ronald McDonald...

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M&L Industries purchase new BR location

The January 9, 2023 issue covers eleven commercial sales recorded across Baton Rouge the previous week. The headline deal: F2MV LLC, for M & L Industries, bought an industrial property on North Reiger Road for the company's new Baton Rouge location. Retail led the week with four of the eleven sales, including car washes on Airline Highway and Coursey Boulevard...

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Golden Key Apartments sell

The January 2, 2023 issue covers three commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: ARTSCAPE APARTMENTS LLC, an organization led by William Shane, Jr., bought the former Golden Key apartment complex, 93 units in the Hessmer Farms area of Metairie. The other two sales were retail: a 3,540 SF multi-unit space on...

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SouthStar Urgent Care in Zachary sells

The January 2, 2023 issue covers eleven commercial sales recorded across Baton Rouge the previous week. The headline deal: Southstar MD LLC, an Utah-based investor, bought SouthStar Urgent Care on Main Street in Zachary. Office led the week with four of the eleven sales, including an office building on Bluebonnet Boulevard bought by Genesis 360, while a commercially zoned lot...

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Former Our Lady of Lourdes Sanctuary sold

The December 26, 2022 issue covers seven commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: 2400 NAPOLEON AVENUE LLC, a group of local investors, bought the historic former Our Lady of Lourdes Catholic Church Sanctuary, 11,889 SF on Napoleon Avenue in the Freret area. Retail led the week with three of the seven...

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