A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 1105 Veterans Memorial Blvd (Land Only), Metairie, LA 70005 Type: Land Price: $2,650,000 ($85.68 / Land SF) Buyer: KMHSHELL LLC Elifin's Notes: KMHShell LLC purchases a parcel of land, not including the improvements, next to a gas station/convenience store which they currently own. 2831 St Claude Ave, New Orleans, LA...
A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 4728 Constitution Ave, Baton Rouge, LA 70808 Type: Hospitality Price: $18,000,000 ($61,224 / Unit) Buyer: APM Property Holdings LLC Elifin's Notes: The Crowne Plaza Hotel, with 294 rooms, sells on Constitution Avenue near I-10. 4040 North Blvd, Baton Rouge, LA 70806 Type: Healthcare Price: $6,100,000 ($170.70 / SF) Buyer: Community Development...
Overall Dollar Volume is up 1.87% The trailing 12 month total dollar volume of sales was $138.8M at the end of Mar 2025 vs. $136.2M at the end of the prior month. Overall Deal Velocity is down 2.35% The trailing 12 month sale count was 83 at the end of Mar 2025 vs. 85 at the end of the prior month. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2025/04/Market-Report-Ascension-Parish-LA-Q1-2025.pdf" attachment_id="14454"...
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:...
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...
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:...
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"...
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"...
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"...
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...
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