The December 26, 2022 issue covers seven commercial sales recorded across Baton Rouge the previous week, totaling $3.92M in disclosed volume. The headline deal: GLIM LLC, a local investor, paid $2M ($372/SF) for an office building in the Metro Office Park on Jefferson Highway. Office led the week with three of the seven sales, while a retail center at Monterrey...
DOWNLOAD FULL REPORT (PDF) At 34 total recorded commercial sales, November was among the slowest of 2022 along with October and February. The most active month so far this year is June, with 60 recorded sales. Transaction volume for November was $129.5 million–a 124% increase from October– bringing the total commercial sales volume to an 8-year high of $1.14 billion. Multifamily property accounts...
The December 19, 2022 issue covers nine commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $8.77M in disclosed volume. The headline deal: MIURA LLC, a local investor, paid $2.85M ($475,000/unit) for a three-story, six-unit luxury apartment building on Natchez Street in the Central Business District. Retail led the week with three of the nine sales,...
The December 19, 2022 issue covers nine commercial sales recorded across Baton Rouge the previous week, totaling $3.01M in disclosed volume. The headline deal: Montecristo Cigar Bar & Bistro LLC, the restaurant and bar's owner, paid $750K ($124/SF) for its property on Howell Boulevard near the Baton Rouge airport. Retail led the week with six of the nine sales, including...
The December 12, 2022 issue covers eight commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $15.9M in disclosed volume. The headline deal: VIVEK&JAY LA LLC, a local investor, paid $9.8M ($93,333/unit) for the 105-room Holiday Inn Express - Kenner New Orleans Airport on 32nd Street in the Highway Park area. Mixed-use and retail each accounted...
The December 12, 2022 issue covers nine commercial sales recorded across Baton Rouge the previous week, totaling $5.52M in disclosed volume. The headline deal: Baton Rouge Vet Center LLC, an Illinois-based investor, paid $2M ($277/SF) for the former Neighbors Credit Union at South Sherwood Forest Boulevard and Market Place Avenue. Retail and industrial led with three sales each, including a...
The December 5, 2022 issue covers ten commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $9.69M in disclosed volume. The headline deal: NATIONAL RETAIL PROPERTIES LP, a Maryland-based corporation, paid $3.47M ($254/SF) for the approximately 13,653 SF Walgreens building on Lapalco Boulevard in Harvey. Office led the week with three of the ten sales, including...
The December 5, 2022 issue covers seven commercial sales recorded across Baton Rouge the previous week, totaling $45.1M in disclosed volume. The headline deal: Hidden Oaks Owner LLC, for New York-based real estate investment firm CLK Properties, paid $39.5M ($126,603/unit) for the Hidden Oaks at Siegen, a 312-unit apartment complex on Siegen Lane. Multifamily and retail led with two sales...
The November 28, 2022 issue covers four commercial sales recorded across Baton Rouge the previous week, totaling $1.45M in disclosed volume. The headline deal: AGP Investments LLC, a local investor, paid $800K ($207/SF) for a former bank branch on Industriplex Boulevard. Land accounted for two of the four sales, including a commercially zoned tract near Prescott Road and Plank Road...
The November 28, 2022 issue covers seven commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $16.1M in disclosed volume. The headline deal: YANG QI HOLDINGS LLC paid $12.5M ($32.09/Land SF) for 8.94 acres of land on Howard Avenue next to the B.W. Cooper area. Land, retail and multifamily each accounted for two of the seven...
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