News

Commercial Sales Report – December 2022

DOWNLOAD FULL REPORT (PDF) The East Baton Rouge Parish commercial real estate sales market ended 2022 with 531 recorded sales totaling $1.175 billion in transaction volume. That is 5 fewer transactions than 2021 and $165 million more in volume. Like in 2021, Multifamily sales in 2022 saw the most volume with $511 million transacted (43%) and Industrial saw the least with $58.7...

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The Pulse NOLA: Howard Tower sells for 8.3mm

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 1000 Howard Ave Type: Mixed-Use Price: $8,300,000 ($98 / SF) Buyer: 1000 HOWARD LLC Elifin's Notes: Lafayette-based investors purchase the 1000 Howard Building, 12 stories, plus basement, comprising 84,466 sq ft in office space. 4717 Airline Dr Type: Retail Price: $2,105,000 ($356 / SF) Buyer: CARONNA DEVELOPMENT LLC Elifin's Notes: Local investors purchase an...

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The Pulse BR: M&L Industries purchase new BR location for 5.2mm

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 10049 N Reiger Rd Type: Industrial Price: $5,200,000 ($108 / SF) Buyer: F2MV LLC Elifin's Notes: M & L Industries purchase industrial Reiger Rd property for their new Baton Rouge location. Lafayette St Type: Land Price: $525,000 ($70.23 / Land SF) Buyer: TJ Farms LLC Elifin's Notes: Attorney Tony Clayton of Clayton, Fruge, &...

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The Pulse NOLA: Golden Key Apartments sell for 10.6mm

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 4151, 4713, 4209 Division Street Type: Multifamily Price: $10,600,000 ($113,978 / Unit) Buyer: ARTSCAPE APARTMENTS LLC Elifin's Notes: A William Shane, Jr led organization purchase the former Golden Key apartment complex, 93 units with 1BR/1BA and 2BR/2BA configurations, in the Hessmer Farms area of Metairie 2000-2004-2008-2010 Saint Claude Ave Type: Retail Price:...

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The Pulse BR: SouthStar Urgent Care in Zachary sells

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 5654 Main St Type: Office Price: $1,800,000 ($681 / SF) Buyer: Southstar MD LLC Elifin's Notes: SouthStar Urgent Care in Zachary sells to Utah-based investor. 5707 Siegen Lane Type: Land Price: $1,350,000 Buyer: Crawfish Commercial LLC Elifin's Notes: Commercially zoned lot sells on Siegen Lane near the Airline Hwy intersection. 8352 Bluebonnet Blvd Type: Office Price: $1,250,000...

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The Pulse NOLA: Former Our Lady of Lourdes Sanctuary sold

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 2400 Napoleon Ave Type: Retail Price: $1,250,000 ($105 / SF) Buyer: 2400 NAPOLEON AVENUE LLC Elifin's Notes: Local investors purchase the historic former Our Lady of Lourdes Catholic Church Sanctuary, consisting of 11,889 sq ft of space in the Freret area 4432 Conlin St Type: Office Price: $1,057,479 ($176,247 / Unit) Buyer: 4432...

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The Pulse BR: Retail center on Monterrey Blvd sold

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 10235 Jefferson Hwy (Building 5) Type: Office Price: $2,000,000 ($372 / SF) Buyer: GLIM LLC Elifin's Notes: Local investor purchases office building in the Metro Office Park. 850 North Blvd Type: Office Price: $460,000 ($136 / SF) Buyer: Royal Engineers and Consultants LLC Elifin's Notes: Royal Engineers and Consultants purchases B-1 zoned office near...

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Commercial Sales Report – November 2022

DOWNLOAD FULL REPORT (PDF) At 34 total recorded commercial sales, November was among the slowest of 2022 along with October and February. The most active month so far this year is June, with 60 recorded sales. Transaction volume for November was $129.5 million–a 124% increase from October– bringing the total commercial sales volume to an 8-year high of $1.14 billion. Multifamily property accounts...

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The Pulse NOLA: Large medical facility on Poydras sold

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 516 Natchez St Type: Multifamily Price: $2,850,000 ($475,000 / Unit) Buyer: MIURA LLC Elifin's Notes: Local investor acquires a three-story six unit luxury apartment building with 1BR/1BA and 2BR/2.5BA configurations in the Central Business District area. 1641 Poland Ave; 1604 Kentucky St Type: Industrial Price: $1,750,000 ($65 / SF) Buyer: R&C BUILDING MATERIALS...

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The Pulse BR: Embassy Suites on Constitution Ave sold

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 7808 Howell Blvd Type: Retail Price: $750,000 ($124 / SF) Buyer: Montecristo Cigar Bar & Bistro LLC Elifin's Notes: Monecristo Cigar Bar & Bistro owner purchases the restaurant/bar's property near the Baton Rouge airport. 1095 S Flannery Rd Type: Retail Price: $560,000 ($112 / SF) Buyer: Rina Kim Property LLC Elifin's Notes: Local investor...

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