A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 1540 Canal St; 1565 Cleveland Ave Type: Mixed-Use Price: $13,150,000 ($1,730 / SF) Buyer: ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND Elifin's Notes: At the center of development in the Storyville area along Canal Street, Tulane extends their footprint toward the river by purchasing a full block totalling 1.89 acres,...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 1629 Washington Ave Type: Multifamily Price: $2,400,000 ($96,000 / Unit) Buyer: 1629 Washington Elifin's Notes: Washington Avenue 25-unit complex, a block off of St. Charles Avenue, sells to local investor. 1427-1429; 1435-1437 N Derbigny St Type: Multifamily Price: $1,500,000 ($187,500 / Unit) Buyer: T&N INVESTMENTS LLC Elifin's Notes: Two four-plexes in the Trem é...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 4888 Hooper Rd Type: Multifamily Price: $11,750,000 ($66,761 / Unit) Buyer: 4888 Hooper Road LA LLC Elifin's Notes: California-based investors purchase Hooper Pointe Apartments near the Hooper Rd and Plank Rd intersection. 11021 Plank Road Type: Multifamily Price: $4,000,000 ($55,556 / Unit) Buyer: Edgewood Manor LA LLC Elifin's Notes: Brooklyn-based investor purchases the Edgewood...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 8453 Picardy Ave Type: Multifamily Price: $45,725,000 ($295,000 / Unit) Buyer: RK Dawson Park DST Elifin's Notes: Dawson Park Apartments, a four story 155 unit complex in the health district of Baton Rouge, sells to RK Properties, a California-based multifamily investment company.. 270 Main St Type: Retail Price: $3,361,908 ($1,457 / SF) Buyer:...
June 28, 2022 - Baton Rouge, LA – Currently under construction, Conway Village Center is scheduled to open later in 2022 and will feature several retail suites for businesses seeking proximity to the 344-acre, master-planned community Conway. Situated at the entrance to Conway and fronting Highway 44, this community retail center will create a welcoming atmosphere for visitors and is conveniently...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 1616 North Harco Drive Price: Withheld Buyer: Skyward BR Equities LLC Elifin's Notes: A Brooklyn-based investment group purchases the Oak Village Apartments, a 98 unit complex near BRCC. Price withheld. 1737 La Annie Drive Price: Withheld Buyer: Skyward BR Equities LLC Elifin's Notes: Brooklyn-based investment group purchase Olive Square Apartments, a 96...
June 21, 2022- Baton Rouge, LA – Since 2013, developer Vedant Vasanji has completed work in numerous sectors of real estate including multifamily housing and property management. In January 2018, Vasanji was drawn to the Baton Rouge market after seeing the Greenside Ridge Apartments as a potential opportunity. The 60-unit apartment complex on Prescott Road in North Baton Rouge had...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 644 Monet Drive Price: $1,100,000 ($45,833 / Unit) Buyer: 644 Monet Investments LLC Elifin's Notes: Monet Place, a 24 unit apartment complex, sells to a Texas-based investor. 10235 Jefferson Hwy, Building 6, Suites B, C Price: $993,303 ($267 / SF) Buyer: B & E Metro LLC Elifin's Notes: Weiler Plastic Surgery purchases...
DOWNLOAD FULL REPORT (PDF) The Commercial Sales market is continuing to see record year-to-date numbers in 2022 for both total number of sale transactions and total dollar volume transacted – 220 and $454.4mm respectively. After a record year for Multifamily sales in 2021, the total dollar volume year-to-date in 2022 is more than double last year’s figure – $215.8mm vs. $101.9mm. All sectors...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 5505 Highland Rd Price: $853,888 ($474 / SF) Buyer: Bank of St Francisville Elifin's Notes: The Bank of St. Francisville purchases former Investar Bank location on Highland Rd. 11330 Coursey Blvd Price: $1,320,000 ($367 / SF) Buyer: Neil's Quick Stop LLC Elifin's Notes: Convenience store sells on the corner of Coursey Blvd...
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