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The Pulse NOLA: Lakeshore Chrysler Dodge Jeep RAM on W Esplanade sells

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 2204 Idaho Ave Type: Multifamily Price: $800,000 ($100,000 / Unit) Buyer: PIAZZA ROSICA S; PIAZZA NICHOLAS L SR Elifin's Notes: A pair of local individuals purchase two adjacent 4-plexes in the Lisa Park area of Kenner 3333 Metairie Rd Type: Retail Price: $720,000 ($225.56 / SF) Buyer: MCLAND PROPERTY INVESTMENT II LLC Elifin's Notes:...

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The Pulse BR: 30 Acres along Nicholson Dr sell for 9.5mm

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 30 Acres Nicholson Dr Type: Land Price: $9,500,000 ($7.27 / Land SF) Buyer: Baton Rouge Acquisitions LLC Elifin's Notes: Commercial Properties Realty Trust purchases approximately 30 acres on Nicholson Dr between downtown and LSU from Goldman Sachs. 12046 Cloverland Ct Type: Industrial Price: $545,000 ($91.77 / SF) Buyer: Mimosa by ME LLC Elifin's Notes:...

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The Pulse LFT: Medical center adjacent to ULL sold

A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 104 Four Park Rd Type: Retail Price: $600,000 ($115 / SF) Buyer: FOURPARK RENTALS LLC Elifin's Notes: Local buyer acquires a day care center in Carencro 248 N College Rd Type: Office Price: $425,000 ($106 / SF) Buyer: SABBAGHIAN PROPERTIES LLC Elifin's Notes: An entity, led by a local doctor, purchases the Acadiana Spine and...

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The Pulse NOLA: 268-Unit American Can mixed use development sells

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 2930 Camp St Type: Mixed-Use Price: $965,000 ($121 / SF) Buyer: ST.JOHN GARDEN DISTRICT HOUSE, LLC Elifin's Notes: California-based investors purchase a Garden District area church with historic ties back to the 1840s; although it is zoned within a primarily residential designation, certain commercial uses are permitted under HU-RD1 5110...

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The Pulse BR: The Sterling apartments on Highland sell for 15mm

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Two Weeks 4500 Burbank Dr Type: Multifamily Price: $21,750,000 ($113,281 / Unit) Buyer: HPI Oliver LLC Elifin's Notes: Hamilton Point Investments, a Connecticut-based real estate investment firm, purchases the Oliver Apartments, a 192 unit student housing apartment complex near LSU. 3135 Highland Rd Type: Multifamily Price: $15,000,000 ($153,061 / Unit) Buyer: Tailwind Baton Rouge...

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The Pulse CBUS: Nursing home sells for 6.3mm

A weekly update on the commercial real estate landscape of Columbus. Commercial Sales Recorded Last Week 5055 Thompson Rd Type: Healthcare Price: $6,329,757 ($50,638 / Unit) Buyer: OUR HOME NEW ALBANY RE LLC Elifin's Notes: A 125-unit nursing home sells in the Morse-Thompson area New World Dr Type: Land Price: $6,300,000 ($8.02 / Land SF) Buyer: ARCBEST PROPERTY MANAGEMENT LLC Elifin's Notes: 18 acres of vacant industrial land sells at the...

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The Pulse LFT: Commercial real estate sales from last week

A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 1717 Eraste Landry Rd Type: Multifamily Price: $3,800,000 ($34,862 / Unit) Buyer: STANLEY LAFAYETTE OAKS LLC Elifin's Notes: Local investment group purchases the Oak Park Estates mobile home park in the Oak Park Estates area 111 Wallace Broussard Rd Type: Retail Price: $3,000,000 (- / SF) Buyer: CADET 23 LLC Elifin's Notes: Delaware-registered entity acquires...

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The Pulse BR: Proposed 20-acre mixed use development off Highland Rd

A weekly update on the commercial real estate landscape of Baton Rouge. Upcoming Planning Commission Cases The Village at Magnolia Woods Submitted 3/3/23 by Matt Estopinal. Proposed rezone from Single Family Residential (A1) to Planned Unit Development (PUD) for a proposed mixed use development with low and medium density residential and commercial/office uses on property located on the north side of Highland...

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