News

The Pulse NOLA: 274 Unit Oakmont of Algiers sell

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 2200 Westbend Pkwy Type: Multifamily Price: $4,500,000 ($16,423 / Unit) Buyer: ZURQUI LLC Elifin's Notes: As one of three sales this week as a result of the same bankruptcy proceeding, Baton Rouge-based investors purchase the Oakmont of Algiers apartment complex in the Behrman area 1445 Lapalco Blvd Type: Land Price: $3,500,000 ($9.17...

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The Pulse BR: Settlement at Shoe Creek tract sells for 1.75mm

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week Tract A Sullivan Rd Type: Land Price: $1,750,000 ($158.33 / Land SF) Buyer: Central/Won LLC Elifin's Notes: Unit A of the Settlement at Shoe Creek development sells to Houston-based real estate investor. 751 W Lee Dr Type: Land Price: $1,012,000 ($20.03 / Land SF) Buyer: Benny's Lee LLC Elifin's Notes: Benny's Carwash purchases vacant...

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Top Permits issued in the New Orleans area, May 12-25, 2023

// Article originally appeared in New Orleans City Business on June 1, 2023 Over 620 permits were issued in Orleans Parish alone over the course of the last two weeks. Although Tulane University’s desire to do so was formally announced last year, permits were granted this week to raze Irby, Phelps, and Paterson Halls. Ensconced in the near-center of campus, Paterson was...

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The Pulse NOLA: New Medical office sells for 2.8mm

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 2405 Sanctuary Dr Type: Specialty Price: $2,800,000 Buyer: NEW ORLEANS MILITARY AND MARITIME ACADEMY INC Elifin's Notes: The Algiers Development District sells to the New Orleans Military and Maritime Academy its' own campus and additional property in the Whitney area of Algiers 2558 Barataria Blvd Type: Office Price: $2,388,039 Buyer: FCPT HOLDINGS LLC Elifin's...

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The Pulse LFT: Multi-tenant retail building sold for 710k

A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 2801 Kaliste Saloom Rd Type: Retail Price: $710,000 ($69.34 / SF) Buyer: J&A COMMERCIAL HOLDINGS LLC Elifin's Notes: Local investors purchase a multiple unit retail property at the corner of Kaliste Saloom Road and Kensington Drive 1921 Kaliste Saloom Rd Unit 203B Type: Office Price: $600,000 ($253.06 / SF) Buyer: FONTENOT WEALTH GROUP LLC Elifin's...

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The Pulse CBUS: Goodwill Corporate building sold for 11mm

A weekly update on the commercial real estate landscape of Columbus. Commercial Sales Recorded Last Week 1331 Edgehill Rd Type: Office Price: $11,300,000 ($94.57 / SF) Buyer: WC ECP EDGEHILL LLC Elifin's Notes: Goodwill's corporate office sells along the corner of West Fifth Avenue and Edgehill Road 5075 Fisher Rd Type: Land Price: $10,000,000 ($12.19 / Land SF) Buyer: OHIO POWER COMPANY Elifin's Notes: The Ohio Power Company purchases 18+ acres...

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The Pulse BR: Range USA off Millerville sold

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 13505 Millerville Greens Blvd Type: Retail Price: $4,610,628 ($317.97 / SF) Buyer: Miller Hunt LLC Elifin's Notes: Range USA, a gun shop and gun range off Millerville, sells to an Illinois-based buyer. 12222 Florida Blvd Type: Retail Price: $1,076,821 ($147.51 / SF) Buyer: Agree Stores LLC Elifin's Notes: Advanced Auto...

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The Pulse LFT: 44 Unit Mobile Home Park in Carencro sells

A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 314 Malapart Rd Type: Multifamily Price: $1,050,000 ($23,864 / Unit) Buyer: STANLEY MALAPART OAKS LLC Elifin's Notes: A 44-unit Mobile Home Park sitting on 6 acres of land sells along Malapart Road in South Carencro 208 Spring Farm Rd Type: Land Price: $968,993 ($20.00 / Land SF) Buyer: MD4 PROPERTIES LLC Elifin's Notes: Local investor...

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The Pulse CBUS: Winchester Pike office building sells for 1mm

A weekly update on the commercial real estate landscape of Columbus. Commercial Sales Recorded Last Week 3303 Winchester Pike Type: Office Price: $1,095,000 ($130.05 / SF) Buyer: WINCHESTER PIKE REAL ESTATE LLC Elifin's Notes: An entity purchases an office building sitting on three parcels of land along Winchester Pike 1094 Mckinley Ave Type: Industrial Price: $750,000 ($99.13 / SF) Buyer: CEEGEE HOLDINGS LLC Elifin's Notes: Industrial property sells on McKinley Avenue...

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The Pulse NOLA: Ochsner Foundation purchases large retail building

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 6166 Elysian Fields Ave Type: Retail Price: $1,200,000 ($383.75 / SF) Buyer: HAZA FOODS OF NORTHEAST LLC Elifin's Notes: Fast Food property sells in the St. Anthony area 2830 Bell St Type: Mixed-Use Price: $1,078,000 ($176.95 / SF) Buyer: JG2 PROPERTIES LLC Elifin's Notes: Local investors purchase a mixed-use property with 7 apartments and...

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