News

06 May The Pulse NOLA: Local company purchases Elmwood properties for 1.5mm

Posted at 09:22h 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 1521 Kuebel Street, Elmwood, LA 70123 Type: Industrial Price: $1,549,153 ($94.46 / SF) Buyer: GALVANIZED RE LLC Elifin's Notes: Local company purchases two industrial buildings within the Elmwood Business Park 6135 Bellaire Drive, New Orleans, LA 70124 Type: Multifamily Price: $1,325,000 ($132,500 / Unit) Buyer: Liang Meng; Liang Yin Elifin's Notes: A pair of...

29 Apr The Pulse LFT: “The Point” property at the corner of Simcoe and Surrey sells

Posted at 09:52h 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 101 Oil Patch Road, Broussard, LA 70518 Type: Industrial Price: $1,520,000 ($126.67 / SF) Buyer: BAYCO HOLDINGS LLC Elifin's Notes: An under construction industrial building, which will have 2,746 sq ft of office space and 9,254 sq ft of warehouse space, sells within the Garber Industrial Park in Broussard 900 East...

29 Apr The Pulse NOLA: French Quarter property sold for 1.17 million

Posted at 09:38h 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 1224 Decatur Street, New Orleans, LA 70116 Type: Mixed-Use Price: $1,175,000 ($229.99 / SF) Buyer: HANQI INVESTMENTS LLC Elifin's Notes: Gretna-based investors purchase a mixed-use property on Decatur in the French Quarter 5501 Crowder Boulevard, New Orleans, LA 70127 Type: Retail Price: $975,000 ($69.10 / SF) Buyer: MJM CROWDER INVESTMENTS LLC Elifin's Notes: Former...

29 Apr The Pulse BR: Local investor purchases 28 homes

Posted at 09:37h 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 3445 Bluebonnet Boulevard, Baton Rouge, LA 70809 Type: Land Price: $1,800,000 ($11.67 / Land SF) Buyer: Ujjagar Investment LLC Elifin's Notes: Local investor purchases vacant lot off Bluebonnet Blvd near the Celtic Dr intersection. 2718 S Ruby Ave, Gonzales, LA 70737 Type: Industrial Price: $1,360,000 ($116.51 / SF) Buyer: COLEMAN ROOFING...

26 Apr Market Report – New Orleans, LA – March 2024

Posted at 08:53h in Insights, Market Report: New Orleans, Research by ELIFIN® 0 Comments

Overall Dollar Volume is up 7.48% The trailing 12 month total dollar volume of sales was $733.1M at the end of Mar 2024 vs. $682.1M at the end of the prior month. Overall Deal Velocity is down 1.74% The trailing 12 month sale count was 396 at the end of Mar 2024 vs. 403 at the end of the prior month. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2024/04/Market-Report-New-Orleans-LA-March-2024.pdf" attachment_id="11346"...

26 Apr Market Report – Baton Rouge, LA – March 2024

Posted at 08:51h in Insights, Market Report: Baton Rouge, Research by ELIFIN® 0 Comments

Overall Dollar Volume is down 3.17% The trailing 12 month total dollar volume of sales was $591.5M at the end of Mar 2024 vs. $610.8M at the end of the prior month. Overall Deal Velocity is down 4.1% The trailing 12 month sale count was 398 at the end of Mar 2024 vs. 415 at the end of the prior month. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2024/05/Market-Report-Baton-Rouge-LA-March-2024.pdf" attachment_id="11416"...

22 Apr The Pulse LFT: First Baptist Church purchases building downtown

Posted at 09:12h 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 810 S Buchanan St, Lafayette, LA 70501 Type: Office Price: $2,697,500 ($174.03 / SF) Buyer: FIRST BAPTIST CHURCH OF LAFAYETTE LOUISIANA INC THE Elifin's Notes: The First Baptist Church of Lafayette Louisiana purchases the office building along with the 0.4+ acre parking lot at the corner of South Buchanan and...

22 Apr The Pulse NOLA: Harvey investor purchases two hotels in the Warehouse District

Posted at 09:10h 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 301A Funston St, New Orleans, LA 70123 Type: Industrial Price: $800,000 ($103.36 / SF) Buyer: ELEMENTAL STYLE&STRUCTURE LLC Elifin's Notes: An industrial flex warehouse space sells in Elmwood 13 24th St, Kenner, LA 70062 Type: Industrial Price: $565,000 ($99.12 / SF) Buyer: 13 W 24TH LLC Elifin's Notes: An industrial property along with adjacent...

22 Apr The Pulse BR: Retail Center sells near Highland at Lee

Posted at 09:09h 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 9250 Wilbur St, Baton Rouge, LA 70807 Type: Industrial Price: $1,218,290 ($62.16 / SF) Buyer: FNLR Non-Friction LLC Elifin's Notes: California-based buyers purchase large industrial facility and vacant lot on the corner of Wilbur St and Rosenwald Rd. 162 Lee Dr, Baton Rouge, LA 70808 Type: Retail Price:...

15 Apr The Pulse LFT: Connoly Park strip center sells for 4.65mm in Carencro

Posted at 09:25h 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 107 Hector Connoly Rd, Carencro, LA 70520 Type: Retail Price: $4,650,000 ($181.64 / SF) Buyer: SAI SRK CREATIONS LLC Elifin's Notes: A multi-tenant retail strip center, Connoly Park, sells in Carencro 130 N Bernard Rd, Broussard, LA 70518 Type: Industrial Price: $1,295,331 ($80.96 / SF) Buyer: FNLR NON FRICTION LLC Elifin's Notes: FNLR Non Friction...