News

23 Jan The Pulse BR: Former Albertsons sold for 3.9mm

Posted at 08:59h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 3401 Oak Villa Blvd Type: Industrial Price: $3,960,245 ($63 / SF) Buyer: OVGS LLC Elifin's Notes: Local investor purchases former Albertsons location on the corner of Oak Villa Blvd and Greenwell Springs Rd. 12240 S Harrells Ferry Type: Land Price: $1,500,000 ($10.22 / Land SF) Buyer: Wilson Family LLC Elifin's Notes: New Orleans-based investors...

15 Jan The Pulse NOLA: Multi-million dollar renovation permit for CrescentCare Health

Posted at 21:31h 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 28 W 27th St Type: Industrial Price: $414,000 ($77 / SF) Buyer: Panayas J Dikeou as trustee of the PM Trust Elifin's Notes: Colorado-based investors purchase a 5,400 sq ft industrial space in the Crestview Office & Industrial Park area 1215 Truxton St Type: Multifamily Price: Withheld Buyer: TRUXTON LLC Elifin's Notes: Harvey-based investors...

15 Jan The Pulse BR: Former McDonald’s on Lee Dr sold

Posted at 21:30h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 402 Laurel St Type: Office Price: $4,777,778 ($216 / Building SF) Buyer: Placid Refining Company LLC Elifin's Notes: Placid Refining Company purchases downtown office building and nearby parking lot. 8729 Granite Dr Type: Portfolio Price: $3,000,000 ($68,182 / Unit) Buyer: JSR1 LLC Elifin's Notes: Local architect and real estate investor, Steven Romero, purchases 11...

10 Jan Commercial Sales Report – December 2022

Posted at 07:41h in Insights, Market Report: Baton Rouge, Research, The Sales Report by ELIFIN® 0 Comments

DOWNLOAD FULL REPORT (PDF) The East Baton Rouge Parish commercial real estate sales market ended 2022 with 531 recorded sales totaling $1.175 billion in transaction volume. That is 5 fewer transactions than 2021 and $165 million more in volume. Like in 2021, Multifamily sales in 2022 saw the most volume with $511 million transacted (43%) and Industrial saw the least with $58.7...

09 Jan The Pulse NOLA: Howard Tower sells for 8.3mm

Posted at 09:04h 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 1000 Howard Ave Type: Mixed-Use Price: $8,300,000 ($98 / SF) Buyer: 1000 HOWARD LLC Elifin's Notes: Lafayette-based investors purchase the 1000 Howard Building, 12 stories, plus basement, comprising 84,466 sq ft in office space. 4717 Airline Dr Type: Retail Price: $2,105,000 ($356 / SF) Buyer: CARONNA DEVELOPMENT LLC Elifin's Notes: Local investors purchase an...

09 Jan The Pulse BR: M&L Industries purchase new BR location for 5.2mm

Posted at 08:46h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 10049 N Reiger Rd Type: Industrial Price: $5,200,000 ($108 / SF) Buyer: F2MV LLC Elifin's Notes: M & L Industries purchase industrial Reiger Rd property for their new Baton Rouge location. Lafayette St Type: Land Price: $525,000 ($70.23 / Land SF) Buyer: TJ Farms LLC Elifin's Notes: Attorney Tony Clayton of Clayton, Fruge, &...

01 Jan The Pulse NOLA: Golden Key Apartments sell for 10.6mm

Posted at 23:55h 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 4151, 4713, 4209 Division Street Type: Multifamily Price: $10,600,000 ($113,978 / Unit) Buyer: ARTSCAPE APARTMENTS LLC Elifin's Notes: A William Shane, Jr led organization purchase the former Golden Key apartment complex, 93 units with 1BR/1BA and 2BR/2BA configurations, in the Hessmer Farms area of Metairie 2000-2004-2008-2010 Saint Claude Ave Type: Retail Price:...

01 Jan The Pulse BR: SouthStar Urgent Care in Zachary sells

Posted at 23:54h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 5654 Main St Type: Office Price: $1,800,000 ($681 / SF) Buyer: Southstar MD LLC Elifin's Notes: SouthStar Urgent Care in Zachary sells to Utah-based investor. 5707 Siegen Lane Type: Land Price: $1,350,000 Buyer: Crawfish Commercial LLC Elifin's Notes: Commercially zoned lot sells on Siegen Lane near the Airline Hwy intersection. 8352 Bluebonnet Blvd Type: Office Price: $1,250,000...

26 Dec The Pulse NOLA: Former Our Lady of Lourdes Sanctuary sold

Posted at 08:38h 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 2400 Napoleon Ave Type: Retail Price: $1,250,000 ($105 / SF) Buyer: 2400 NAPOLEON AVENUE LLC Elifin's Notes: Local investors purchase the historic former Our Lady of Lourdes Catholic Church Sanctuary, consisting of 11,889 sq ft of space in the Freret area 4432 Conlin St Type: Office Price: $1,057,479 ($176,247 / Unit) Buyer: 4432...

26 Dec The Pulse BR: Retail center on Monterrey Blvd sold

Posted at 08:37h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 10235 Jefferson Hwy (Building 5) Type: Office Price: $2,000,000 ($372 / SF) Buyer: GLIM LLC Elifin's Notes: Local investor purchases office building in the Metro Office Park. 850 North Blvd Type: Office Price: $460,000 ($136 / SF) Buyer: Royal Engineers and Consultants LLC Elifin's Notes: Royal Engineers and Consultants purchases B-1 zoned office near...