News

08 Mar The Pulse NOLA: St Vincent de Paul property sells

Posted at 21:23h 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 3500 Canal St, New Orleans, LA 70119 Type: Office Price: $2,900,000 ($140.10 / SF) Buyer: MARILLAC COMMUNITY HEALTH CENTERS Elifin's Notes: This two-story office property, occupied by St Vincent de Paul, has individual offices, 10 large rooms for conference/instruction, and 54 covered parking spaces. 2221-2237 N Johnson St, New Orleans,...

08 Mar The Pulse BR: Red Stick Brothers purchase subdivision

Posted at 21:20h 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 9215 Cedar Ct, Baton Rouge, LA 70812 Type: Multifamily Price: $3,250,000 ($53,279 / Unit) Buyer: Oakwood by RSB LLC Elifin's Notes: Red Stick Brothers, a rental home owner and management company, purchases the Oakwood Terrace Subdivision, which contains 60-homes and an office/clubhouse. 16791 Plank Rd, Baton Rouge, LA...

06 Mar Leasing Momentum Leads to Investment Sale

Posted at 13:43h in Results by ELIFIN® 0 Comments

Lindsay Redhead of ELIFIN® turned a successful leasing effort into a strategic investment disposition at the office property located at 5917 Jones Creek Rd in Baton Rouge, LA. Challenge Although the building had reached full occupancy through Lindsay’s earlier leasing efforts, preparing the property for sale presented a new set of challenges. For the property to appeal to investors and support an...

06 Mar From Uncertainty to Closing in 25 Days

Posted at 12:37h in Results by ELIFIN® 0 Comments

After more than 20 years of stable ownership with the same tenant in place, an unexpected vacancy created an urgent situation for the building owner, who needed a fast and reliable solution for the property. Brady Becker and Adrien Foley of ELIFIN® represented both the buyer and seller in the sale of the industrial building located at 2317 Kingston St....

06 Mar Four Properties, Three Owners, One Successful Acquisition

Posted at 11:31h in Results by ELIFIN® 0 Comments

Alex Ruch of ELIFIN® repped the buyer in four property acquisitions along Government Street. Challenge The client set out to acquire four separate properties along Government Street as part of a vision to redevelop the area for a niche retail concept. The properties, however, were owned by three different owners and represented separate transactions with different expectations, timelines, and representation. Coordinating multiple...

02 Mar The Pulse Northshore: Newly constructed industrial property sells for 3.5mm

Posted at 08:33h in Research, The Pulse, The Pulse: Northshore by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of The Northshore. Commercial Sales Recorded Last Week 520 Johnny F Smith Blvd, Slidell, LA 70460 Type: Industrial Price: $3,500,000 ($108.17 / SF) Buyer: 4228 MAIN STREET PROPERTIES LLC Elifin's Notes: A local construction company associated entity purchases a newly constructed industrial property with showroom, office and warehouse space. Lots 11, 12, 14, 16 Hwy 1088, Mandeville, LA...

02 Mar The Pulse LFT: Youngsville Midtown Square sold

Posted at 08:28h 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 327 Iberia St, Youngsville, LA 70592 Type: Retail Price: $1,926,297 ($103.63 / SF) Buyer: IBERIA STREET HOLDINGS LLC Elifin's Notes: The Youngsville Midtown Square commercial center with multiple tenants changes ownership on Iberia Street. 108, 109 Guernsey Lane, Youngsville, LA 70592 Type: Industrial Price: $1,550,000 ($87.02 / SF) Buyer: STELKIN BASEBALL LLC Elifin's Notes: A...

02 Mar The Pulse NOLA: Gordon McKernan-led entity purchases Jefferson Financial building

Posted at 08:20h 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 115 Focis St, Metairie, LA 70005 Type: Retail Price: $1,500,000 ($307.57 / SF) Buyer: 115-117 FOCIS STREET LLC Elifin's Notes: A multi-tenant retail property sells near Metairie Road. 301A Funston St, New Orleans, LA 70123 Type: Industrial Price: $805,252 ($104.04 / SF) Buyer: BB FIBERS LLC Elifin's Notes: A local company purchases an industrial...

02 Mar The Pulse BR: Perkins Plaza retail center sold

Posted at 08:15h 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 13213, 13259 Perkins Rd, Baton Rouge, LA 70810 Type: Retail Price: $1,350,000 ($129.81 / SF) Buyer: Carlye LLC Elifin's Notes: A pair of local business owners acquire the Perkins Plaza retail strip center. 5917 Jones Creek Rd, Baton Rouge, LA 70817 Type: Office Price: $662,500 ($64.75 /...

27 Feb From Missed Opportunity to Operational Fit

Posted at 09:00h in Results by ELIFIN® 0 Comments

Mark Johns of ELIFIN® successfully assisted Omega Protein in securing a large, SIP-compliant warehouse facility on an accelerated timeline after an initial site fell through. Challenge Omega Protein, a division of Cooke Inc, the largest privately owned seafood company in the world, needed to secure a large warehouse facility to support its operations. Initially, Omega Protein submitted an offer on a property...