News

08 Jul The Pulse NOLA: Our Lady of Lourdes School sells

Posted at 09:53h 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 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...

08 Jul The Pulse BR: Nursing home property sold for 15.5mm

Posted at 09:52h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

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...

07 Jul Can a Landlord Sell a Property with an Active Lease?

Posted at 10:09h in Commercial, Content, Insights by ELIFIN® 0 Comments

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...

06 Jul How to Develop Commercial Land

Posted at 10:05h in Commercial, Content, Insights by ELIFIN® 0 Comments

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:...

05 Jul Understanding Closing Costs in Commercial Real Estate Deals

Posted at 11:48h in Commercial, Content, Insights by ELIFIN® 0 Comments

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...

02 Jul Impact of Insurance Rates on Multi-Family Investments

Posted at 17:01h in Commercial, Content, Insights by ELIFIN® 0 Comments

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...

01 Jul The Pulse BR: Prairieville vet clinic sells to national automotive store

Posted at 09:52h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 6330 Siegen Ln, Baton Rouge, LA 70809 Type: Retail Price: $3,980,000 ($1,730.43 / SF) Buyer: Sunrise Apartments LLC Elifin's Notes: The Siegen Lane Chipotle property sells to California-based investors. 36576 Highway 30, Geismar, LA 70734 Type: Industrial Price: $1,650,000 ($166.67 / SF) Buyer: JOHN H CARTER CO INC Elifin's Notes: John H...

01 Jul The Pulse NOLA: Former Walgreens property sold for over 3 million

Posted at 09:49h 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 1544 Manhattan Blvd, Harvey, LA 70058 Type: Retail Price: $3,398,000 ($234.51 / SF) Buyer: 1544 MANHATTAN HOLDINGS LLC Elifin's Notes: Former Walgreens drug store retail property sells along Manhattan Boulevard. 6218 Arts St, New Orleans, LA 70122 Type: Multifamily Price: $2,900,000 ($103,571 / Unit) Buyer: NOLAN AT GENTILLY LLC Elifin's Notes: A multifamily property...

01 Jul The Pulse LFT: Beaullieu Square office condo sells

Posted at 09:47h in Research, The Pulse, The Pulse: Lafayette by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 200 Beaullieu Dr (Unit 5), Lafayette, LA 70508 Type: Office Price: $740,000 ($228.82 / SF) Buyer: DVS PROPERTY MANAGEMENT LLC Elifin's Notes: An office condominium unit sells in Beaullieu Square 201, 213 West Pine St, Lafayette, LA 70501 Type: Retail Price: $475,000 ($51.63 / SF) Buyer: CBSAVOY PROPERTIES LLC Elifin's Notes: A commercial property sells...

28 Jun Are Commercial Real Estate Loans Assumable?

Posted at 13:35h in Uncategorized by ELIFIN® 0 Comments

Getting a new loan for a commercial property can be complicated and time-consuming. Figuring the finances can make or break a deal, especially with interest rates on the rise. There are some loans, however, with considerably lower interest rates for the current market: Assumable Loans. What is an Assumable Loan? We sat down with Mark Segalla, a partner at ELIFIN specializing in...