News

05 Feb The Pulse BR: Dayton Car Care property on O’Neal Lane sold

Posted at 09:22h 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 2862 O'Neal Lane, Baton Rouge, LA 70816 Type: Retail Price: $1,100,000 ($104.76 / SF) Buyer: Tam Chu Elifin's Notes: Automotive repair shop, Dayton Car Care, sells on O'Neal Lane near the S Harrell's Ferry Rd intersection. 18287 Swamp Rd, Prairieville, LA 70769 Type: Industrial Price: $955,000 ($136.43 / SF) Buyer: GREEN...

29 Jan The Pulse LFT: Hotel investors purchase two hotels for 25.5mm

Posted at 09:18h 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 1909 Kaliste Saloom Rd, Lafayette, LA 70508 Type: Hospitality Price: $13,750,000 ($129,717 / Unit) Buyer: OM SHANTI OM TWELVE LLC Elifin's Notes: In one of two acquisitions this past week, Om Shanti Om LLC, a hotel investment group, purchases the Home2 Suites within the Parc Lafayette Center 201 Kaliste Saloom Rd,...

29 Jan The Pulse NOLA: American National Red Cross purchases office for 1.45mm

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 4140 Williams Blvd, Kenner, LA 70065 Type: Office Price: $1,450,000 ($148.26 / SF) Buyer: AMERICAN NATIONAL RED CROSS Elifin's Notes: The American National Red Cross acquires an office building on Williams Boulevard near the Pontchartrain Convention Center 3121 21st St, Metairie, LA 70002 Type: Office Price: $900,000 ($112.50 / SF) Buyer: Morris Brett...

29 Jan The Pulse BR: Former Sammy’s Grill location in Prairieville sells

Posted at 09:10h 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 2105 Oak Villa Blvd, Baton Rouge, LA 70815 Type: Industrial Price: $4,700,000 ($97.66 / SF) Buyer: Lloyd Properties, LLC Elifin's Notes: Cornerstone Flooring purchases building on the corner of Oak Villa and S Choctaw Dr for its headquarters. 16400 Airline Hwy, Prairieville, LA 70769 Type: Retail Price: $4,200,000 ($420.00 /...

25 Jan Market Report – New Orleans, LA – December 2023

Posted at 10:02h in Insights, Market Report: New Orleans, Research by ELIFIN® 0 Comments

DOWNLOAD FULL REPORT (PDF) Overall Dollar Volume is up 3.66% The trailing 12 month total dollar volume of sales was $645.0M at the end of Dec 2023 vs. $622.3M at the end of the prior month. Overall Deal Velocity is up 1.79% The trailing 12 month sale count was 397 at the end of Dec 2023 vs. 390 at the end of the prior...

25 Jan Market Report – Baton Rouge, LA – December 2023

Posted at 10:00h in Insights, Market Report: Baton Rouge, Research by ELIFIN® 0 Comments

DOWNLOAD FULL REPORT (PDF) Overall Dollar Volume is up 11.25% The trailing 12 month total dollar volume of sales was $613.4M at the end of Dec 2023 vs. $551.4M at the end of the prior month. Overall Deal Velocity is up 0.71% The trailing 12 month sale count was 428 at the end of Dec 2023 vs. 425 at the end of the prior...

25 Jan Cornerstone Flooring Companies Acquires New Headquarters at 2105 Oak Villa Blvd

Posted at 09:35h in News, Press Releases by ELIFIN® 0 Comments

January 25, 2024 - Baton Rouge, LA – Alex Ruch, Senior Associate - Industrial Sales & Leasing at ELIFIN®, is proud to announce the successful acquisition of 2105 Oak Villa Blvd by Cornerstone Flooring Companies. The property, comprising approximately 48,125 sqft of office, production, and warehouse space on 6.3 acres, is set to become the new flagship headquarters for Cornerstone...

22 Jan The Pulse LFT: 36+ acres near Verot School Rd sell for 2.9mm

Posted at 09:50h 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 Parcels 1, 2 E Bluebird Dr, Lafayette, LA 70508 Type: Land Price: $2,952,000 ($1.85 / Land SF) Buyer: CAMELLIA VENTURE LLC Elifin's Notes: Camellia Venture LLC purchases two adjacent parcels, Parcel 1 (8+ acres) and Parcel 2 (28+ acres), of vacant land within a larger parcel where E Bluebird Dr...

22 Jan The Pulse NOLA: Nursing home in Harvey sells for 5.3mm

Posted at 09:43h 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 2233 8th St, Harvey, LA 70058 Type: Healthcare Price: $5,320,858 Buyer: 2233 EIGHTH LLC Elifin's Notes: The Maison De'ville Nursing Home in Harvey sells to an Indiana-based entity 2941 Royal St, New Orleans, LA 70117 Type: Retail Price: $3,000,000 ($85.76 / SF) Buyer: Eternal Seeds, Inc Elifin's Notes: An entity led by a New...

22 Jan The Pulse BR: Government Street building sells for 222 PSF

Posted at 09:42h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 4041 Government St, Baton Rouge, LA 70806 Type: Office Price: $975,000 ($221.59 / SF) Buyer: Wong Assets LLC Elifin's Notes: Local investors purchase Mid City office building on Government St. 2725 Bern Dr, Baton Rouge, LA 70814 Type: Industrial Price: $920,000 ($125.17 / SF) Buyer: Reeb Rigging LLC Elifin's Notes: Reeb Rigging...