News

21 Oct The Pulse NOLA: Trader Joe’s purchases building in Uptown

Posted at 09:44h in Research, The Pulse, The Pulse: New Orleans by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 4300 Peters Rd, Harvey, LA 70058 Type: Industrial Price: $4,300,000 ($143.33 / SF) Buyer: AMS REAL ESTATE LLC Elifin's Notes: AMS Real Estate has acquired a multiple building industrial property on Peters Road. 2800 N Johnson St, New Orleans, LA 70117 Type: Industrial Price: $2,000,000 ($50.00 / SF) Buyer: 2800 NORTH JOHNSON LLC Elifin's...

14 Oct The Pulse LFT: Former Burger Tyme restaurant sells along Johnston

Posted at 09:51h in Research, The Pulse, The Pulse: Lafayette by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 6885 Johnston St, Lafayette, LA 70503 Type: Retail Price: $2,905,254 ($128.11 / SF) Buyer: AGREE STORES LLC Elifin's Notes: An auto repair shop sells on Johnston Street past East Broussard Road heading toward Maurice. 3300 Johnston St, Lafayette, LA 70503 Type: Retail Price: $915,000 ($345.28 / SF) Buyer: TREEHAVEN JOHNSTON LLC Elifin's Notes: The Burger...

14 Oct The Pulse NOLA: Metairie Towers Condominiums sells for 24.5mm

Posted at 09:48h in Research, The Pulse, The Pulse: New Orleans by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 401 Metairie Rd, Metairie, LA 70005 Type: Multifamily Price: $24,500,000 ($111,872 / Unit) Buyer: DKA ONE LLC Elifin's Notes: The Metairie Towers Condominiums Complex sells in Old Metairie. 225 Hord St, New Orleans, LA 70123 Type: Industrial Price: $1,100,000 ($62.86 / SF) Buyer: ELLIOTT PARTNERS LTD Elifin's Notes: The owners of Elliot Electric Supply,...

14 Oct The Pulse BR: Costco-adjacent McDonalds location sells

Posted at 09:46h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 10011 Dawnadele Ave, Baton Rouge, LA 70809 Type: Retail Price: $2,800,000 ($623.61 / SF) Buyer: McBaton LLC Elifin's Notes: New Jersey-based investors purchase the McDonalds next to Costco off Airline Hwy. 6071 Industrial Dr, Geismar, LA 70734 Type: Industrial Price: $1,200,000 ($160.00 / SF) Buyer: Charles Robert Carter Properties Inc Elifin's Notes:...

11 Oct Market Report – Lafayette, LA – September 2024

Posted at 09:19h in Insights, Market Report: Lafayette, Research by ELIFIN® 0 Comments

Overall Dollar Volume is down 1.92% The trailing 12 month total dollar volume of sales was $353.5M at the end of Sep 2024 vs. $360.4M at the end of the prior month. Overall Deal Velocity is up 1.92% The trailing 12 month sale count was 319 at the end of Sep 2024 vs. 313 at the end of the prior month. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2024/10/Market-Report-Lafayette-LA-September-2024.pdf" attachment_id="13006"...

11 Oct Market Report – New Orleans, LA – September 2024

Posted at 09:18h in Insights, Market Report: New Orleans, Research by ELIFIN® 0 Comments

Overall Dollar Volume is down 0.64% The trailing 12 month total dollar volume of sales was $782.7M at the end of Sep 2024 vs. $787.7M at the end of the prior month. Overall Deal Velocity is down 4.76% The trailing 12 month sale count was 500 at the end of Sep 2024 vs. 525 at the end of the prior month. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2024/10/Market-Report-New-Orleans-LA-September-2024.pdf" attachment_id="13004"...

11 Oct Market Report – Baton Rouge, LA – September 2024

Posted at 09:17h in Insights, Market Report: Baton Rouge, Research by ELIFIN® 0 Comments

Overall Dollar Volume is down 0.35% The trailing 12 month total dollar volume of sales was $423.9M at the end of Sep 2024 vs. $425.4M at the end of the prior month. Overall Deal Velocity is down 4.4% The trailing 12 month sale count was 348 at the end of Sep 2024 vs. 364 at the end of the prior month. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2024/10/Market-Report-Baton-Rouge-LA-September-2024.pdf" attachment_id="13003"...

07 Oct The Pulse LFT: Local entity purchases 3 fast food restaurant properties

Posted at 09:33h in Research, The Pulse, The Pulse: Lafayette by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 1602 N University Ave; 4154 W Congress St, Lafayette, LA 70506 Type: Retail Price: $2,102,965 ($560.64 / SF) Buyer: RAJANE LLC Elifin's Notes: This sale includes two of the three fast food locations purchased by a local entity this past week. 400 E Bluebird Dr, Lafayette, LA 70508 Type: Land Price: $1,595,587 ($3.86...

07 Oct The Pulse NOLA: Monday restaurant property sells in Mid-City

Posted at 09:29h in Research, The Pulse, The Pulse: New Orleans by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 821 Washington Ave, New Orleans, LA 70130 Type: Multifamily Price: $6,225,000 ($194,531 / Unit) Buyer: Housing Authority of New Orleans Elifin's Notes: Housing Authority of New Orleans purchases a 32-unit multifamily complex. 318 N Alexander St, 4327 Bienville St, New Orleans, LA 70119 Type: Retail Price: $3,700,000 ($389.27 / SF) Buyer: MONDAYS BIENVILLE...

07 Oct The Pulse BR: Local nonprofit Cat Haven purchases office building

Posted at 09:29h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 4212 American Way, Baton Rouge, LA 70816 Type: Office Price: $1,550,000 ($152,905.20 / SF) Buyer: Florida - 11512 Lake Sherwood 2 LLC Elifin's Notes: Pittsburgh-based Orbital Engineering purchases office just off of S Sherwood Forest Blvd. 10710 Greenwell Springs Rd, Baton Rouge, LA 70814 Type: Retail Price: $1,525,000 ($90.77 /...