09 Sep $30m Multifamily Purchase by Colorado Investment Group
The September 9, 2019 issue covers twelve commercial sales recorded across Baton Rouge the previous week, totaling $34.1M in disclosed volume. The headline deal: MIMG CLIV Longridge Sub, LLC & MIMG LR4 Longridge, LLC, Colorado-based Monarch Investment and Management Group, paid $16M ($111,111/unit) for the Longridge Apartment complex at 11999 Longridge Avenue off South Sherwood Forest Boulevard. Monarch also bought...
03 Sep $20m Multifamily Sale + Former Barcadia Rezoning + New Bar on George Oneal
The September 3, 2019 issue covers nine commercial sales recorded across Baton Rouge the previous week, totaling $28.9M in disclosed volume. The headline deal: Live Oaks Baton Rouge Apartments LLC, a New Orleans area investor, paid $20.5M ($111,413/unit) for the Live Oaks apartment complex at 12901 Jefferson Highway at Stumberg Lane. Block Investors LLC, also a New Orleans investor, bought...
26 Aug $10m+ Hospitality Sale
The August 26, 2019 issue covers seven commercial sales recorded across Baton Rouge the previous week, totaling $10.9M in disclosed volume. The headline deal: Maruti Investments 1, LLC paid $6.05M ($47,987/unit) for the Hyatt Place hotel at 6080 Bluebonnet Boulevard near I-10, across from the Mall of Louisiana. The same investor bought the TownePlace Suites by Marriott on Summa Avenue...
19 Aug $8.5m Office Sale on Sherwood + BTR Airport Expanding Boundary
The August 19, 2019 issue covers ten commercial sales recorded across Baton Rouge the previous week, totaling $11.3M in disclosed volume. The headline deal: 4000 Sherwood LLC & Sherwood 4 LLC, investors David Divincenti Jr. and Patrick Cusick, paid $8.53M ($109/SF) for the office building at 4000 South Sherwood Forest Boulevard. Four of the ten sales were duplexes and a...
16 Aug Taylor Clark Gallery Building on Government Street Sold – New Business Coming Soon
DOWNLOAD PDF August 16, 2019 - Baton Rouge, LA — Mathew Laborde, President & CEO at Elifin Realty, has announced the sale of the property located at 2623 Government Street in Baton Rouge. The building, originally constructed in the 1960’s, was designed by renowned architect A. Hays Town. Since its construction, Taylor Clark Gallery has occupied the building and the property is...
15 Aug Historic Downtown Building, Built in 1850, Brought to Market by Elifin Realty
DOWNLOAD PDF August 15, 2019 - Baton Rouge, LA — Elifin Realty has announced that it has listed the historic, 169-year-old property located at 232 Lafayette St in Downtown Baton Rouge. The two-story building, built in 1850, is rich with traditional design and unique character. As its original brick construction and metal beams remain, the property is currently the perfect template for...
12 Aug Alvarez Construction buys Staring Lane land for $2.99M
The August 12, 2019 issue covers six commercial sales recorded across Baton Rouge the previous week, totaling $4.06M in disclosed volume. The headline deal: Alvarez Construction Co LLC paid $2.99M ($4.57/SFofLand) for land on Staring Lane near Highland Road for its Fieldstone Park development, a gated residential community. Waffle House bought a parcel at the corner of Staring Lane and...
09 Aug Elifin Realty Brings Ascension Townhomes Apartment Complex To Market
DOWNLOAD PDF August 9, 2019 - Baton Rouge, LA — Elifin Realty’s Multifamily Division is pleased to bring to market a forty-eight-unit apartment complex in Ascension Parish. Ascension Townhomes is a twelve-building apartment complex located on Cannon Road, just off of S Burnside Ave (Highway 44) in Gonzales, LA. Each unit in the complex contains two beds / one-and-a-half baths, and the complex...
07 Aug What Is Driving The Demand For Industrial Real Estate?
The industrial real estate market has been on quite a roll for the past few years and the outlook remains strong. According to the World Economic Forum, the industrial and manufacturing industries are on an upswing that has not been seen for more than 100 years — a “fourth revolution”, so to speak. With new and exciting innovations in science, commerce,...
05 Aug Central Private School buys 27 acres on Joor Road for $1.09M
The August 5, 2019 issue covers eleven commercial sales recorded across Baton Rouge the previous week, totaling $4.77M in disclosed volume. The headline deal: Central Private School Inc paid $1.09M ($0.92/SF) for 27 acres at 12014 Joor Road near Gurney Road in Central for a new campus. The Pediatric Place doctors bought a tract at the Highland Road Marketplace for...
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