News

31 Mar The Pulse NOLA: Extra Space Storage facility sells for 29.6mm

Posted at 09:22h 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 4866 Tchoupitoulas St, New Orleans, LA 70115 Type: Self-Storage Price: $29,600,000 ($34,180 / Unit) Buyer: EXTRA SPACE PROPERTIES TWO LLC Elifin's Notes: The Extra Space Storage facility on Tchoupitoulas Street sells near F&M's Patio Bar. 211 Camp St, New Orleans, LA 70170 Type: Hospitality Price: $1,675,600 Buyer: INTERNATIONAL HOUSE L L C Elifin's Notes:...

31 Mar The Pulse LFT: Southpark Center sells for 1.8mm

Posted at 09:21h 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 209 Southpark Rd, Lafayette, LA 70508 Type: Mixed-Use Price: $1,805,000 ($69.42 / SF) Buyer: CASTLE ROW LLC Elifin's Notes: Castle Row LLC acquires Southpark Center, a mixed-use property on Southpark Road. 155, 201 High Meadows Blvd, Lafayette, LA 70507 Type: Multifamily Price: $456,000 ($38,000 / Unit) Buyer: DBC BAYOU RENTALS LLC Elifin's Notes: DBC Bayou...

31 Mar The Pulse BR: Duvic’s Martini Bar property sells to local investors

Posted at 09:21h 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 2854 Kalurah St, Baton Rouge, LA 70808 Type: Retail Price: $1,150,000 ($341.25 / SF) Buyer: Kalurah Christian Properties LLC Elifin's Notes: Duvic's Martini Bar property sells to a group of local investors. 5013 Baker Blvd, Baker, LA 70714 Type: Multifamily Price: $560,000 ($62,222 / Unit) Buyer: Epic Management Solutions, LLC Elifin's Notes:...

26 Mar Market Report – New Orleans, LA – February 2025

Posted at 15:32h in Insights, Market Report: New Orleans, Research by ELIFIN® 0 Comments

Overall Dollar Volume is up 0.65% The trailing 12 month total dollar volume of sales was $792.5M at the end of Feb 2025 vs. $787.4M at the end of the prior month. Overall Deal Velocity is up 0.4% The trailing 12 month sale count was 507 at the end of Feb 2025 vs. 505 at the end of the prior month. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2025/03/Market-Report-New-Orleans-LA-February-2025.pdf" attachment_id="14379"...

26 Mar Market Report – Lafayette, LA – February 2025

Posted at 15:31h in Insights, Market Report: Lafayette, Research by ELIFIN® 0 Comments

Overall Dollar Volume is up 3.37% The trailing 12 month total dollar volume of sales was $276.5M at the end of Feb 2025 vs. $267.5M at the end of the prior month. Overall Deal Velocity is up 3.36% The trailing 12 month sale count was 308 at the end of Feb 2025 vs. 298 at the end of the prior month. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2025/03/Market-Report-Lafayette-LA-February-2025.pdf" attachment_id="14377"...

26 Mar Market Report – Baton Rouge, LA – February 2025

Posted at 15:30h in Insights, Market Report: Baton Rouge, Research by ELIFIN® 0 Comments

Overall Dollar Volume is down 7.08% The trailing 12 month total dollar volume of sales was $374.6M at the end of Feb 2025 vs. $403.1M at the end of the prior month. Overall Deal Velocity is down 0.57% The trailing 12 month sale count was 348 at the end of Feb 2025 vs. 350 at the end of the prior month. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2025/03/Market-Report-Baton-Rouge-LA-February-2025.pdf" attachment_id="14378"...

24 Mar The Pulse NOLA: Luxury apartments sell for over 33mm

Posted at 09:10h 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 2651 Poydras St, New Orleans, LA 70119 Type: Multifamily Price: $33,151,001 ($132,604 / Unit) Buyer: 2651 POYDRAS LLC Elifin's Notes: The Marquis Luxury Apartments, 250 units, changes ownership at Poydras Street and South Broad Street. 2221 N Hullen St, Metairie, LA 70005 Type: Multifamily Price: $1,600,000 ($88,889 / Unit) Buyer: NORTH HULLEN APARTMENTS...

24 Mar The Pulse LFT: Newly constructed multifamily complex sells

Posted at 09:09h 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 508 E Main St, Broussard, LA 70518 Type: Multifamily Price: $1,222,500 ($152,813 / Unit) Buyer: DMCC HOLDINGS LLC Elifin's Notes: DMCC Holdings LLC acquires a newly constructed 8-unit, 2BR/2BA, townhome property in Broussard. 300 Rue Beauregard Rd (Unit I), Lafayette, LA 70508 Type: Office Price: $865,000 ($221.17 / SF) Buyer: STRONGHOLD GROUP LLC Elifin's Notes:...

24 Mar The Pulse BR: City of Central acquires Sullivan Road property

Posted at 09:08h 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 14140 Greenwell Springs Rd, Baton Rouge, LA 70814 Type: Retail Price: $950,000 ($93.56 / SF) Buyer: A P Dodson, LLC Elifin's Notes: A P Dodson LLC purchases the former Mike Anderson's restaurant property on Greenwell Springs Road. 11575 Sullivan Rd, Baton Rouge, LA 70818 Type: Retail Price: $760,000 ($400.63 /...

17 Mar The Pulse NOLA: Arbor Place Apartments sell for 7.6mm

Posted at 09:07h 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 735 Heritage Ave, Terrytown, LA 70056 Type: Multifamily Price: $7,610,000 ($55,956 / Unit) Buyer: ARBOR PLACE LLC Elifin's Notes: The Arbor Place Apartments, consisting of 136 units, changes hands on Heritage Avenue in Terrytown. 801, 805 Distributors Row, New Orleans, LA 70123 Type: Industrial Price: $1,790,000 ($82.87 / SF) Buyer: IHTSW INVESTMENTS Elifin's Notes:...