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...
The June 8, 2020 issue covers seven commercial sales recorded across Baton Rouge the previous week. The headline deal: JPMorgan Chase Bank, NA bought the former Rite Aid site at 9031 Siegen Lane at Perkins Road. The City-Parish bought 0.431 acres for the Pecue Lane interchange project, and 31.94 acres in Zachary that include two leased mobile homes sold to...
The process of acquiring commercial real estate through US Bankruptcy Court-ordered dispositions can be hard to wrap your brain around. Especially with the lack of resources out there giving clear answers on the subject. Yet there are great deals to be made by buyers that: can move quickly to seize opportunities, are willing to be patient while the process plays...
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Through mergers, acquisitions, and streamlining operations in the banking sector, there are a lot of former bank branches on the market today. More times than not, when a bank sells an old location, it's purchased by another bank or credit union for the same use. But what happens when there is not another financial institution buyer for the property? The specialized...
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