Managing and maintaining commercial rental properties can be challenging. We asked Keagan Finley, Senior Vice President of Multifamily Sales with ELIFIN®, to break down some of these challenges and give his advice on when and how to handle them. Small vs. Large Rental Properties Size is one of the biggest factors on the personal effort required to care for the property. For...
Investing offers diverse opportunities, from real estate to the stock market. Each option presents unique benefits and potential returns, and you may wonder which option is right for you. According to Mathew Laborde, President & CEO at ELIFIN®, the answer depends on your personal situation, goals, and interests. Real Estate vs. Stocks: A Comparison Laborde says, "Real estate, depending on how and...
A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 609 Guilbeau Rd, Lafayette, LA 70506 Type: Office Price: $625,000 ($111.61 / SF) Buyer: DOAN & DOAN PROPERTIES LLC Elifin's Notes: A medical office building sells along Guilbeau Road within the Congress Center Subdivison. 617 S Buchanan St, Lafayette, LA 70501 Type: Office Price: $511,000 ($170.33 / SF) Buyer: SCOUT PARTNERS PROPERTY 1 LLC Elifin's...
A weekly update on the commercial real estate landscape of Columbus. Commercial Sales Recorded Last Week 6215 - 6275 Winchester Blvd, Columbus, OH 43110 Type: Industrial Price: $20,250,000 ($135.14 / SF) Buyer: STAG INDUSTRIAL HOLDINGS LLC Elifin's Notes: A large scale industrial property, used as a fulfillment center, sells in the Canal Winchester area. 1159 Bonham Ave, Columbus, OH 43211 Type: Land Price: $4,375,980 ($3.21 / Land SF) Buyer: RIVERSIDE...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 246 Metairie Rd, Metairie, LA 70005 Type: Retail Price: $1,925,000 ($505.12 / SF) Buyer: EWP 2005 LLC Elifin's Notes: A retail building, currently occupied by Em's Boutique, sells at the intersection of Metairie road and Stella Street. 634 Peters Rd, Harvey, LA 70058 Type: Industrial Price: $1,500,000 ($79.00 / SF) Buyer: T&T SALVAGE...
A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 7435 Bishop Ott Dr, Baton Rouge, LA 70806 Type: Healthcare Price: $15,575,000 Buyer: St Clare Manor Propco LLC Elifin's Notes: St. Clare Manor Nursing Home purchases the property where the facility is located. 4471 Bluebonnet Blvd, Baton Rouge, LA 70809 Type: Office Price: $1,200,000 ($266.67 / SF) Buyer: 4471 Bluebonnet Blvd...
Selling a Property with an Active Lease In commercial real estate, one common question is whether landlords can sell their properties while they have an active lease. The answer is a resounding yes. However, the process involves certain considerations and potential challenges. We spoke with Fabian Edwards, an Office Sales & Leasing Specialist with ELIFIN®, for advice. Understanding the Basics "Properties often will...
Developing land for commercial use can be a smart choice to increase the value of your investment property. Peter Laville, a Land Specialist with ELIFIN®, gives us some insight on current trends in commercial land development, and what to consider when beginning the process. Identifying Investors There are many steps to developing land for commercial use, but only one place to start:...
Closing costs are a crucial aspect of any commercial real estate transaction. While buyers typically shoulder the majority of these expenses, sellers should also be aware of their financial responsibilities. What Are Closing Costs? Closing costs are the fees and expenses associated with finalizing a real estate transaction. For sellers, these costs can include prorated property taxes, mortgage cancellation fees, and various...
Understanding the Impact of Insurance Rates on Multi-Family Investments Navigating the world of multi-family investments requires a keen understanding of various market dynamics. High insurance rates can eat into your profits, making it harder to cash flow. This issue affects regions differently based on current circumstances and trends in the market. We spoke with Keagan Finley, ELIFIN Senior Vice President in...