News

25 Apr The Pulse: Proposed Industriplex Town Homes, Sales Report March 2022

Posted at 08:36h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 3043 Old Forge Dr Price: $700,000 ($129 / SF) Buyer: Cambre Real Estate Investments LLC Elifin's Notes: Local investor purchases office building just off Bennington Ave near College Dr. 11745 Bricksome Ave, Unit A4 Price: $104,000 ($87 / SF) Buyer: Tregg Wilson Elifin's Notes: Office suite sells at Bricksome Place Office Condominiums. 3942...

18 Apr Commercial Sales Report – March 2022

Posted at 08:44h in Insights, Market Report: Baton Rouge, Research, The Sales Report by ELIFIN® 0 Comments

DOWNLOAD FULL REPORT (PDF) Through Q1 2022, the commercial sales market in EBR Parish continues to transact above historical averages in number of sales (118) and dollar volume transacted ($219.6mm). Most sectors of the sales market have seen increases in activity. Multifamily continues to outpace the rest, accounting for 38% of the total volume transacted in Q1 2022 ($84.5mm). Multifamily and Retail are...

18 Apr The Pulse: 28 Million Dollars of Multifamily Sold Last Week, New EV Chargers

Posted at 08:24h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 9817 Bluebonnet Blvd Price: $1,910,000 ($389 / SF) Buyer: United Community Bank Elifin's Notes: United Community Bank purchases Capital One bank branch on Bluebonnet Blvd near the Burbank Dr intersection. 7700 Perkins Rd Price: $1,833,000 ($193 / SF) Buyer: GoLeaux LLC Elifin's Notes: Its My Party location on Perkins Rd sells. 1112 Church...

11 Apr The Pulse: Three Self-Storage Properties and Downtown Hotel Sold

Posted at 08:24h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 12627 Jefferson Hwy Price: $1,500,000 ($122 / SF) Buyer: JKSC Holdings LLC Elifin's Notes: Majestic Medical Supplies purchases Jefferson Hwy property between Airline Hwy and Stumberg Lane. 2834 S Sherwood Forest Blvd, Suites B12, B13 Price: $135,000 ($55 / SF) Buyer: SKB Investments LLC Elifin's Notes: Two retail suites sell in the...

04 Apr The Pulse: ELIFIN® Announces New Partners and New Agents

Posted at 08:35h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 9257 Florida Blvd Price: $1,650,000 ($21 / SF) Buyer: 9257 Monterrey Plaza LLC Elifin's Notes: Local developer purchases shopping center on the corner of Florida Blvd and Monterrey Dr near the forthcoming Amazon fulfillment center. 8967 Jefferson Hwy Price: $5,312,000 ($1,022 / SF) Buyer: Lovango Too LLC Elifin's Notes: California-based investor purchases...

28 Mar ELIFIN® Announces New Partners and New Agents

Posted at 13:00h in News, Press Releases by ELIFIN® 1 Comment

March 28, 2022 - Baton Rouge, LA – ELIFIN® is pleased to announce the elevation of three agents to the Partner level, one agent to Vice President, and the addition of four new commercial real estate agents to its team. George Bonvillain, Jr., Mark Segalla, and Will Chadwick have been elevated to Partner, and Keagan Finley has been promoted to Vice...

28 Mar The Pulse: FDL Health Investors Purchase 6 Properties

Posted at 08:42h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 6680 Hanks Drive Price: $500,000 ($25,000 / Unit) Buyer: P&A Properties LLC Elifin's Notes: Lafayette-based investor purchases Kean Place Apartments, a 20 unit complex located just off of Airline Hwy. 3278 Ivanhoe St Price: $370,000 ($123,333 / Unit) Buyer: BAYOU BEACH PROPERTIES LLC Elifin's Notes: Investor purchases triplex near the LSU campus. 14635...

23 Mar Commercial Sales Report – February 2022

Posted at 09:20h in Insights, Market Report: Baton Rouge, Research, The Sales Report by ELIFIN® 0 Comments

DOWNLOAD FULL REPORT (PDF) As the Multifamily sector continues to see increased activity, the commercial market as a whole is up 29% in number of transactions and up 50% in total volume compared to 7-year averages. There have been a total of 73 commercial sales recorded so far in 2022, compared to 75 at this time in 2021. However, at...

22 Mar Commercial Sales Report – January 2022

Posted at 11:21h in Insights, Market Report: Baton Rouge, Research, The Sales Report by ELIFIN® 0 Comments

DOWNLOAD FULL REPORT (PDF) After a record year for commercial sales in 2021, the first month of 2022 has already outpaced previous years’ January figures in total dollar volume transacted with $92.3mm – largely driven by the Multifamily sector. While the average price per unit in Multifamily for January 2022 is lower than 2020 and 2021, the dollar volume transacted...

21 Mar The Pulse: Aspen Apartments Sold and New Proposed Hannah Q

Posted at 08:14h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 2022 North Lobdell Boulevard Price: Withheld Buyer: AB Aspen Apartments Owner LLC Elifin's Notes: Miami-based investors purchase the Aspen Apartments, a 117 unit apartment complex off Lobdell Blvd. Price withheld. 9449 Hampton Way Price: $461,000 ($57,625 / Unit) Buyer: Paige Holdings LLC Elifin's Notes: Florida-based investor purchases 8 unit apartment complex just...