The September 12, 2022 issue covers four commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $34.1M in disclosed volume. The headline deal: DK WFNO LLC, a New York-based group, paid $31.4M ($1,037/SF) for the Whole Foods Market, 30,300 SF of retail space on 1.65 acres on Magazine Street near Audubon Park. The other three sales...
The September 12, 2022 issue covers eleven commercial sales recorded across Baton Rouge the previous week, totaling $29.7M in disclosed volume. The headline deal: Louisiana Paradigm LLC, a local investor, paid $12M ($442/SF) for the Republic Finance building on Commerce Circle in Towne Center in a lease-back agreement. Retail led the week with four of the eleven sales, including Raising...
September 6, 2022- Baton Rouge, LA – Keagan Finley, Vice President, is pleased to announce the sale of a 7.196-acre tract near the corner of Siegen Lane and Perkins Road. The seller in the transaction was the well-known local swim club, Crawfish Aquatics, and the buyer was a local developer who develops public charter schools for Building Hope, a national nonprofit...
The September 5, 2022 issue covers five commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $27.9M in disclosed volume. The headline deal: LOVING SCHOOL FACILITY L L C, a non-profit, paid $25.5M ($212/SF) for the Martin Behrman schoolhouse property, about 120,000 SF on a 1.9-acre lot on Opelousas Avenue in Algiers Point. Mixed-use and retail...
The September 5, 2022 issue covers nine commercial sales recorded across Baton Rouge the previous week, totaling $24.4M in disclosed volume. The headline deal: Acadian Place 2022 LLC, a Baltimore-based investor, paid $7.32M ($61,000/unit) for the Acadian Place Apartments, a 120-unit complex on South Flannery Road near Goodwood Boulevard. Multifamily, office and industrial each accounted for two sales, while Colorado-based...
The August 29, 2022 issue covers seven commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $7.4M in disclosed volume. The headline deal: VERSAI INVESTMENT GROUP LLC, a local investment group, paid $2.28M ($175,000/unit) for a 13-unit, three-building gated apartment compound with a pool on Baronne Street in Central City. Multifamily led the week with three...
The August 29, 2022 issue covers sixteen commercial sales recorded across Baton Rouge the previous week, totaling $4.46M in disclosed volume. The headline deal: Ross Gold LLC, the owners of Desselle Funeral Home, paid $1.3M ($181/SF) for the funeral home's facility on Eddie Robinson Sr. Drive in downtown Baton Rouge. Retail led the week with seven of the sixteen sales,...
The August 22, 2022 issue covers six commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $3.47M in disclosed volume. The headline deal: 6200 ST CHARLES LLC, a group of local investors, paid $1.75M ($126/SF) for a two-story, 13,836 SF historic church on St. Charles Avenue a block off Audubon Park. Retail led the week with...
The August 22, 2022 issue covers eleven commercial sales recorded across Baton Rouge the previous week, totaling $18.5M in disclosed volume. The headline deal: Orion Holdings LLC, for Orion Laboratories, paid $6.87M ($208/SF) for CitiPlace Centre II, a two-story office building off Corporate Boulevard. Retail and land led with three sales each, including the Walgreens at Airline Highway and Old...
DOWNLOAD FULL REPORT (PDF) Trading at an average of $77,951 per unit, Multifamily sales continue to outpace historical averages and the sector has higher transaction volume in 2022 than all other sectors. Industrial property sales are increasing in both velocity and volume based on 12-month moving averages and transaction volume is up 71% over last year at this time. Additionally,...
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