Overall Dollar Volume is down 8.21% The trailing 12 month total dollar volume of sales was $461.1M at the end of Jul 2024 vs. $502.3M at the end of the prior month. Overall Deal Velocity is up 3.88% The trailing 12 month sale count was 375 at the end of Jul 2024 vs. 361 at the end of the prior month. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2024/08/Market-Report-Baton-Rouge-LA-July-2024.pdf" attachment_id="12474"...
Today's Apprentice Question is for Keagan Finley, Senior Vice President of Multifamily Sales in Columbus, Ohio. [embed]https://youtube.com/shorts/X71EdCFCvcI?si=37jKMD_YWqY4FOko[/embed] Caden: What's been the hardest deal you've had to close while in commercial real estate? Keagan Finley: The hardest deal I ended up closing was actually my biggest deal. It involved a developer purchasing land, and they found out they needed to have an easement signed...
[embed]https://youtube.com/shorts/1XIB1TmJYH8?si=mWPbiQvtBM7bEYkA[/embed] George: It's so important to have an environment of trust because, during that first year, that super critical period, the people around you are going to essentially fill the gap of your self-belief. They're going to lift you up when you need to be lifted. As you start to have success, they might say, "Hey, let's focus on the basics...
Today we're throwing back to the inspiration for this series: Intern Questions from 2019. [embed]https://youtube.com/shorts/8csd5vuSxmA[/embed] Paul: Mathew, what's your biggest piece of advice for people trying to add value in any capacity? Mathew: The number one piece of advice is to listen. A lot of people try to add value right from the start—they assume they know the client’s or person’s needs and...
A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 1031 Camellia Blvd, Lafayette, LA 70508 Type: Office Price: $2,000,000 ($361.47 / SF) Buyer: W&H UNLIMITED LLC Elifin's Notes: Local injury law firm purchases an office property along Camellia Boulevard in the River Ranch area. 2303 Johnston St, Lafayette, LA 70503 Type: Retail Price: $564,420 ($265.11 / SF) Buyer: MURPHREE, GLENN CHARLES Elifin's Notes: The...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 2518 Arts St, New Orleans, LA 70117 Type: Specialty Price: $5,750,000 ($121.44 / SF) Buyer: INTERNATIONAL SCHOOL OF LOUISIANA Elifin's Notes: Arising out of the bankruptcy proceedings for the Encore Learning Academy, the International School of Louisiana has purchased this school property in St. Roch. Tracts 6-A-4-C, 6-A-4-D, 6-A-4-E Promenade...
A weekly update on the commercial real estate landscape of Columbus. Commercial Sales Recorded Last Week 5040 Forest Dr, Columbus, OH 43054 Type: Office Price: $25,000,000 ($417.08 / SF) Buyer: VPU NEW ALBANY II LLC Elifin's Notes: Värde Partners, a Minnesota-based global alternative investment firm, purchases this medical office as part of a larger $85MM purchase of five medical office properties in Franklin County. 7277 Smiths Mill...
A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 3410 S Sherwood Forest Blvd, Baton Rouge, LA 70816 Type: Retail Price: $550,000 ($157.14 / SF) Buyer: SSF Holdings LLC Elifin's Notes: Local real estate agent and investor Donnie Jarreau purchases restaurant property on S Sherwood Forest Blvd. 9783 Hooper Rd, Baton Rouge, LA 70818 Type: Industrial Price: $430,000 ($113.16...
Today's Question is for Peter Laville, Land Specialist in Baton Rouge, Louisiana. [embed]https://youtu.be/2KATh9BUv_Q[/embed] Katrina: What is one way you're able to stay positive when a deal isn't running as smoothly as you hoped? Peter Laville: One way I try to stay positive is by controlling what I can control. Anytime you're doing development, there are so many things during the due diligence period...
Today's Question is for Alex Ruch, Senior Associate in Industrial Sales & Leasing in Baton Rouge, Louisiana. [embed]https://youtube.com/shorts/J-4xFRwpdFY?si=rp4DXkvbAM-wIlhq[/embed] Josh: What is the biggest mistake you made when starting out? Alex Ruch: One mistake I made early on was trying to do deals everywhere with every property type. I was doing it out of desperation because I started out not making any money and...