News

Multiple Geaux Clean Car Wash locations sold to Investors

The August 29, 2022 issue covers sixteen commercial sales recorded across Baton Rouge the previous week. The headline deal: Ross Gold LLC, the owners of Desselle Funeral Home, bought the funeral home's facility on Eddie Robinson Sr. Drive in downtown Baton Rouge. Retail led the week with seven of the sixteen sales, including six Geaux Clean Car Wash locations bought...

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Old Holy Cross Campus Sold plus Benson group buys Bourbon St building

The August 22, 2022 issue covers six commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: 6200 ST CHARLES LLC, a group of local investors, bought a two-story, 13,836 SF historic church on St. Charles Avenue a block off Audubon Park. Retail led the week with four of the six sales, while a local...

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Waffle House Purchases Lot on W Lee Drive

The August 22, 2022 issue covers eleven commercial sales recorded across Baton Rouge the previous week. The headline deal: Orion Holdings LLC, for Orion Laboratories, bought 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 Hammond Highway, bought by a New York-based investor,...

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Commercial Sales Report – July 2022

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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Cypress Trace Apartments and French Quarter Multifamily

The August 15, 2022 issue covers six commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: PIVOT EVENTS LLC, a Gretna-based group, bought a six-unit multifamily property on Saint Peter Street in the French Quarter. Multifamily, office and retail each accounted for two of the six sales, including a 5,139 SF office building in...

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220-Unit Apartment Complex and Magazine Street Restaurant Sold

The August 8, 2022 issue covers seven commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: LEGACY COMMERCIAL VENTURES LLC bought a 15-unit office complex totaling 19,560 SF on Behrman Place in Algiers. Retail led the week with three of the seven sales, including a 2,802 SF veterinarian clinic on North Rampart Street, while...

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Government Street Rezoning For Mixed Use Development

The August 8, 2022 issue covers ten commercial sales recorded across Baton Rouge the previous week. The headline deal: Pinnacle Warehouse LLC bought an office building with a warehouse and a vacant 1.2-acre lot on Highlandia Drive. Office led the week with three of the ten sales, while local investors Lanny and Valerie Lewis bought 21 condominium units in the...

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Emeril Lagasse Purchase and Chickie Wah Wah Music Venue Sold

The August 1, 2022 issue covers seven commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: ST BERNARD NURSING & REHAB PROPCO LLC, a Baton Rouge group, bought a 51,264 SF nursing home facility on Cadillac Street next to City Park. Retail led the week with three of the seven sales, including the Chickie...

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