News

The Pulse BR: Sherwood Pointe shopping center sells

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 7323 Tom Dr Type: Industrial Price: $2,610,000 ($75 / SF) Buyer: JM Test RE Acquisition LLC Elifin's Notes: Kanbrick, a Chicago-based business investment firm, purchase JM Test Systems' facility on Tom Dr as part of their purchase of the company. 6120 Perkins Rd Type: Office Price: $2,000,000 ($147 / SF) Buyer: Glo Resources...

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The Pulse NOLA: Your Weekly Sales plus Elifin named Company of Year by Business Report

A weekly update on the commercial real estate landscape of New Orleans. Business Report names ELIFIN® Company of The Year Commercial Sales Recorded Last Week 608 Farmington Pl, 1960 Daniels Rd Type: Multifamily Price: $13,044,231 ($42,909 / Unit) Buyer: TERRYTOWN RESIDENCES LLC Elifin's Notes: Local investor Imad Hamdan purchases the Louisburg Square Apartments, 304 units with 1BR/1BA, 2BR/1BA, and 3BR/2BA configurations, in the Terrytown/Gretna area 1801 Hector Street,...

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The Pulse BR: Your Weekly Sales plus Elifin named Company of Year by Business Report

A weekly update on the commercial real estate landscape of Baton Rouge. Business Report names ELIFIN® Company of The Year Commercial Sales Recorded Last Week 13533 Hooper Rd Type: Retail Price: $975,000 ($20 / SF) Buyer: FIDC 131 LLC Elifin's Notes: Former Lancaster House location in Central sells to Ohio-based Cocca Development. 15100 Market St Type: Retail Price: $590,000 ($94 / SF) Buyer: KKD Holdings LTD LLC Elifin's Notes: Clint's Garage owner...

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The Pulse NOLA: 11-Unit Boutique Hotel in Uptown sells

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 806, 816 Adams St, 7706 Burthe St Type: Multifamily Price: $1,449,000 ($181,125 / Unit) Buyer: CMP 1 LLC Elifin's Notes: Local investors purchase three adjoining parcels of three multifamily buildings, totaling 8 units: one has six units, one is a 1BR/1BA, and the last is a 3BR/1BA traditional home. 4417...

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The Pulse BR: Lane Regional purchases pharmacy on Main St

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 6920 Bluebonnet Blvd Type: Retail Price: $1,625,000 ($398 / SF) Buyer: Fidelity Bank Elifin's Notes: Fidelity Bank purchases former Capital One branch on Bluebonnet Blvd across from the Mall of Louisiana. 6400 Main St Type: Retail Price: $975,000 ($139 / SF) Buyer: Lane Regional Medical Center Elifin's Notes: Lane Regional Medical Center purchases pharmacy...

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The Pulse NOLA: 96-Unit TownePlace Suites by Marriott sells

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 4534 Belle Dr Type: Land Price: $200,000 ($31.59 / Land SF) Buyer: GOVERNMENT ENTERPRISES LLC Elifin's Notes: Local investor purchases 0.15 acres of land with a C-1 zoning classification according to the Jefferson Parish Zoning Map in the Pontchartrain Shores area of Metairie. 1519, 1523 Touro St; 2014 N Claiborne...

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The Pulse BR: Beyer Printing’s office in Mid City sells

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 8425 Cumberland Pl Type: Office Price: $1,600,000 ($152 / SF) Buyer: AIDS Healthcare Foundation Elifin's Notes: AIDS Healthcare Foundation, a Los Angeles-based nonprofit, purchase medical office just off Goodwood Blvd. 8058 One Calais Ave Type: Land Price: $950,000 ($22.07 / Land SF) Buyer: Bruhati LLC Elifin's Notes: Lafayette-based real estate agent purchases two commercially...

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The Pulse NOLA: Magnolia Mansion in Garden District sells

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 2515-2517, 2519-2521 Chartres St Type: Hospitality Price: $1,500,000 ($136,364 / Unit) Buyer: 2515-21 CHARTRES LLC Elifin's Notes: Local investors purchase the, 11-unit, Lions Inn Bed & Breakfast in the Marigny in two separate transactions. 132 Allen Toussaint Blvd Type: Office Price: $922,000 ($384 / SF) Buyer: DUKE LANA Elifin's Notes: Local purchaser acquires a...

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The Pulse BR: National developer purchases Circle K on Jefferson

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 7475 Jefferson Hwy Type: Retail Price: $1,583,659 ($541 / SF) Buyer: DSJB V LLC Elifin's Notes: Brand Growth Inc, a Southern California-based national retail developer and strategic consulting firm, purchase Circle K property on the corner of Jefferson Hwy and Lobdell Ave. 14550 Florida Blvd Type: Retail Price: $1,350,000 ($72 / SF) Buyer:...

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The Pulse NOLA: Gretna convenience store sells for 3.1mm

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 101 Westbank Expy Type: Retail Price: $3,100,000 ($4,429 / SF) Buyer: HALO 17 LLC Elifin's Notes: Local investors purchase a centrally located Convenience Store/Gas Station property along the Westbank Expressway in Gretna 2331 Pailet Ave Type: Industrial Price: $615,000 ($38 / SF) Buyer: GOLDIN PROPERTIES INC Elifin's Notes: Mississippi-based investors purchase a 16,400 sq...

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