DOWNLOAD FULL REPORT (PDF) As May turned to June and the Louisiana heat arrived in full effect, the state moved into "Phase Two" of the federal government's plan for reopening. While this reopening progress coincided with a slight uptick in sale transactions and total dollar volume month over month, trepidation remained among many investors and the overall business community. As noted in...
The July 13, 2020 issue covers seven commercial sales recorded across Baton Rouge the previous week. The headline deal: 1222 Bob Pettit Blvd LLC, a local investor, bought The Graduate Apartments, a 15-unit complex at 1222 Bob Pettit Boulevard in Tigerland. Jann Properties 2 LLC also bought a Tigerland apartment complex of ten two-bedroom, one-bath units on Alvin Dark Avenue,...
DOWNLOAD PDF July 10th, 2020 - Baton Rouge, LA – Elifin Realty is pleased to announce the sale of 2055 Sorrel Avenue to GN Gonzales LLC. The 20,711 square foot building is located in the industrial sector just north of Downtown Baton Rouge and in close proximity to GN Gonzales’ showroom location on Chippewa Street. GN Gonzales is the oldest family-owned motorcycle dealership...
The July 6, 2020 issue covers six commercial sales recorded across Baton Rouge the previous week. The headline deal: Pelican View Properties bought the former Robinson Brothers Lincoln dealership at 9550 Interline Avenue at the Airline Highway and I-12 intersection. Texas investors bought an office building leased by the Social Security Administration off Harding Boulevard near Plank Road, and a...
DOWNLOAD PDF July 3rd, 2020 - Baton Rouge, LA – Elifin Realty is pleased to bring to market a 7.196-acre parcel of land located on Siegen Lane between I-10 and Perkins Road. Mathew Laborde, CCIM has been contracted by Crawfish Aquatics to market the property for sale at the price of $4,700,000. Crawfish Aquatics is a locally owned organization that provides swimming...
DOWNLOAD PDF July 2nd, 2020 - Baton Rouge, LA – Following their recent acquisition of Hammond Aire Plaza, the dominant regional power center in East Baton Rouge, LA, Houston-based CRS Realty has selected Elifin Realty to serve as the new, exclusive leasing broker for the 349,660 SF center. Hammond Aire Plaza is the highest performing shopping center in the East Baton Rouge...
The June 29, 2020 issue covers four commercial sales recorded across Baton Rouge the previous week. The headline deal: CNV Properties LLC bought two fourplexes of two-bedroom, two-bath units at 8531 and 8541 Rush Avenue off Gardere Lane. A 1.68-acre parcel near Airline Highway and Greenwell Springs Road sold, and Hammond-based investor Kumar LLC bought an office condo on W...
The June 22, 2020 issue covers eight commercial sales recorded across Baton Rouge the previous week. The headline deal: Capital Region Planning Commission bought an office building at 14734 South Harrell's Ferry Road near Millerville Road. Three of the eight sales were apartment properties: a local investor bought a 32-unit multifamily portfolio on Iowa Street and West Roosevelt Street, a...
DOWNLOAD FULL REPORT (PDF) May 2020 began amidst a global economic shutdown unlike anything we have seen in our lifetime. With that in mind, naturally the velocity of commercial sale transactions has slowed down. Total sale count year-to-date is tied with the 5-year low in 2017 at 122 sale transactions YTD. And total dollar volume year-to-date is down over 26% from the...
The June 15, 2020 issue covers four commercial sales recorded across Baton Rouge the previous week. The headline deal: Lee Cole Lewis LLC, a Dallas-based company, bought a net leased Goodyear tire service facility at 18411 Highland Road at Old Perkins Road, at a 6.75% cap rate. A 1.24-acre site off West Lee Drive near Burbank Drive sold for a...
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