News

17 Jun The Pulse BR: Chipotle property on Siegen sold to Las Vegas investors

Posted at 09:48h 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 Tract 4-C-2-A Siegen Ln, Baton Rouge, LA 70809 Type: Land Price: $1,675,000 ($45.24 / SF) Buyer: CFT NV Developments LLC Elifin's Notes: Land adjacent to Chipotle on Siegen Lane sells to Las Vegas-based investors. 710 N Lobdell Blvd, Baton Rouge, LA 70806 Type: Hospitality Price: $1,200,000 ($24,490 / Unit) Buyer: ASVR...

17 Jun The Pulse NOLA: Former Park Place nursing home sells in Gretna

Posted at 09:42h 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 535 Commerce St, Gretna, LA 70056 Type: Healthcare Price: $1,875,000 ($41.25 / SF) Buyer: AMS REAL ESTATE LLC Elifin's Notes: The former Park Place nursing home in Gretna sells 3106 Houma Blvd, Metairie, LA 70006 Type: Office Price: $905,000 ($211.10 / SF) Buyer: ROBE PROPERTY HOLDINGS LLC Elifin's Notes: A medical office trades along...

17 Jun The Pulse LFT: Please consider voting for ELIFIN

Posted at 09:40h 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 102 Camille St, Lafayette, LA 70503 Type: Industrial Price: $650,000 ($131.05 / SF) Buyer: E & B CAMILLE HOLDINGS LLC Elifin's Notes: An industrial flex showroom property sells on Camille Street off of Johnston Street 200 Burgess Dr, Unit A, Broussard, LA 70518 Type: Industrial Price: $430,000 ($44.79 / SF) Buyer: BRASSEAUX ADVENTURES LLC Elifin's...

16 Jun Moving from Single-Family to Multifamily Real Estate

Posted at 13:35h in Commercial, Content, Insights by ELIFIN® 0 Comments

Transitioning from single-family homes to multifamily commercial properties requires careful consideration and strategic planning. Recently on the Commercial Real Estate subreddit , user RealEstateAdventurer asked how to expand your portfolio by capitalizing on new opportunities in multifamily investing. If you are also thinking about moving from investing in single-family to multifamily, it’s helpful to understand the differences between these two sectors....

15 Jun How to Price Your Commercial Property

Posted at 12:05h in Commercial, Content, Insights by ELIFIN® 0 Comments

Whether you’re looking to sell, lease, or simply assess your current asset, understanding pricing and valuation can help you make informed decisions that maximize returns and minimize risks. The Three Valuation Methods There are three primary methods used to value a property: Sales Comparison Approach Income Approach Replacement Cost Approach Each method has its unique applications, strengths, and considerations. Sales Comparison...

14 Jun How to Convert Residential Property to Commercial

Posted at 12:26h in Commercial, Content, Insights by ELIFIN® 0 Comments

Converting a residential property into a commercial one can be a great investment, but it requires careful planning and understanding of various laws, regulations, and the impact on the greater community. Here are some things to consider to navigate this process. practical advice to help you navigate the process smoothly. Assessing Your Property Before you start changing things, evaluate the property's condition,...

14 Jun Market Report – New Orleans, LA – May 2024

Posted at 10:18h in Insights, Market Report: New Orleans, Research by ELIFIN® 0 Comments

Overall Dollar Volume is up 0.83% The trailing 12 month total dollar volume of sales was $757.2M at the end of May 2024 vs. $751.0M at the end of the prior month. Overall Deal Velocity is down 4.19% The trailing 12 month sale count was 480 at the end of May 2024 vs. 501 at the end of the prior month. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2024/06/Market-Report-New-Orleans-LA-May-2024.pdf" attachment_id="11834"...

14 Jun Market Report – Baton Rouge, LA – May 2024

Posted at 10:17h in Insights, Market Report: Baton Rouge, Research by ELIFIN® 0 Comments

Overall Dollar Volume is down 7.41% The trailing 12 month total dollar volume of sales was $505.3M at the end of May 2024 vs. $545.8M at the end of the prior month. Overall Deal Velocity is down 3.78% The trailing 12 month sale count was 382 at the end of May 2024 vs. 397 at the end of the prior month. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2024/06/Market-Report-Baton-Rouge-LA-May-2024.pdf" attachment_id="11836"...

14 Jun Market Report – Lafayette, LA – May 2024

Posted at 10:13h in Insights, Market Report: Lafayette, Research by ELIFIN® 0 Comments

Overall Dollar Volume is steady. The trailing 12 month total dollar volume of sales was $368.5M at the end of May 2024. Overall Deal Velocity is down 2.61% The trailing 12 month sale count was 336 at the end of May 2024 vs. 345 at the end of the prior month. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2024/06/Market-Report-Lafayette-LA-May-2024.pdf" attachment_id="11835" viewer_width=100% viewer_height=800px fullscreen=true download=true print=true]...

13 Jun Why Do Commercial Real Estate Loans Have Balloon Payments?

Posted at 11:17h in Commercial, Content, Insights by ELIFIN® 0 Comments

What is a Balloon Payment? A balloon payment is a large lump sum due at the end of a loan's term, significantly larger than the regular monthly payments made during the loan period. This structure allows for lower monthly payments, making it an attractive option for many borrowers. Commercial balloon loans usually span three to ten years or more, though monthly payments...