News

30 Oct The Pulse BR: Wayne Stablier purchases property near Amazon

Posted at 09:47h 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 1655 N Airway Dr Type: Industrial Price: $800,000 ($68.97 / SF) Buyer: Catering Cajun Properties LLC Elifin's Notes: Wayne Stablier purchases industrial property on N Airway Dr. 234 Richland Ave Type: Multifamily Price: $790,000 ($79,000 / Unit) Buyer: Midcity Acquisition Group LLC Elifin's Notes: Local investors purchase a 10-unit apartment building in Mid City. 6721...

30 Oct The Pulse NOLA: The Madison Garden Apartments sell in Metairie

Posted at 09:46h 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 221 N Laurel St Type: Multifamily Price: $5,750,000 ($97,458 / Unit) Buyer: MADISON GARDENS ESTATES LLC Elifin's Notes: A New York-based investor purchases the 59-unit Madison Garden Apartments in Metairie 1101 Veterans Memorial Blvd Type: Retail Price: $1,200,000 ($600.00 / SF) Buyer: KMHSHELL LLC Elifin's Notes: Lulling-based investors purchase a Shell gas station in...

30 Oct The Pulse CBUS: Multi-tenant shopping center sells for 6.6mm

Posted at 09:46h in Research, The Pulse, The Pulse: Columbus by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Columbus. Commercial Sales Recorded Last Week 880 S Hamilton Rd Type: Retail Price: $6,625,000 ($74.46 / SF) Buyer: IS-CAN GREAT EASTERN LP Elifin's Notes: A multi-tenant shopping center, anchored by Planet Fitness, sells in the Whitehall area 3580 Groveport Rd Type: Industrial Price: $1,200,000 ($138.25 / SF) Buyer: RACEWAY INVESTMENTS LLC Elifin's Notes: A two-building industrial property sitting on 4+ acres...

30 Oct The Pulse LFT: 3.77 Acres sell in the Primeaux Business Park of Carencro

Posted at 09:36h 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 6209 Cameron St Type: Self Storage Price: $2,750,000 ($32,353 / Unit) Buyer: ACADIANA COASTAL HOLDINGS LLC Elifin's Notes: The Short's RV & Boat Storage property in Scott sells to a trio of local investors 100 Schambo Ln Type: Land Price: $400,000 ($2.44 / Land SF) Buyer: JHDTLC LLC Elifin's Notes: A Texas-based entity, made up...

23 Oct The Pulse NOLA: Pair of industrial properties sell for 1mm

Posted at 08:58h 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 2432 Dawson St Type: Industrial Price: $1,075,000 ($113.06 / SF) Buyer: WAREHOUSE DISTRICT LLC Elifin's Notes: A pair of industrial properties sell within the Bainbridge Office & Industrial Park 4836 W Esplanade Ave Type: Specialty Price: $486,000 ($93.46 / SF) Buyer: IGLESIA CRISTIANA FILADELFIA Elifin's Notes: Iglesia Cristiana Filadelfia purchases the religious facility located...

23 Oct The Pulse BR: Hotel on Harding Blvd sells for 3.7mm

Posted at 08:57h 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 3444 Harding Blvd Type: Hospitality Price: $3,700,000 ($47,436 / Unit) Buyer: Maruti Hotel LLC Elifin's Notes: Microtel Inn & Suites, a 78-unit hotel, sells at the corner of Howell Blvd and Harding Rd. 7077 S Choctaw Dr Type: Industrial Price: $2,851,983 ($38.03 / SF) Buyer: Ryan Jumonville Elifin's Notes: Destin-based investor purchases facility on...

23 Oct The Pulse LFT: Large industrial property sells for 2mm

Posted at 08:56h 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 401 Apollo Rd Type: Industrial Price: $2,000,000 ($24.54 / SF) Buyer: RANDOLPH MCCORMICK REALTY INC Elifin's Notes: An 81,000+ sq ft, industrial property sells along Apollo Road in Scott 700 E Milton Ave Type: Land Price: $525,000 ($1.16 / Land SF) Buyer: ALLIES DEVELOPMENT & CONSULTING LLC Elifin's Notes: A pair of local individuals purchase...

23 Oct The Pulse CBUS: Extended Stay America Hotel sells for 4.7mm

Posted at 08:55h in Research, The Pulse, The Pulse: Columbus by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Columbus. Commercial Sales Recorded Last Week 6255 Quarter Horse Dr Type: Hospitality Price: $4,755,000 ($37,148 / Unit) Buyer: QUARTER HORSE INVESTMENTS LLC Elifin's Notes: The Extended Stay America Hotel sells in the Busch area 5820 Clyde Moore Dr Type: Industrial Price: $2,220,000 ($91.95 / SF) Buyer: HADLEY FAMILY PROPERTIES LLC Elifin's Notes: Through three transactions, an industrial property sells in the...

20 Oct Market Report – New Orleans, LA – September 2023

Posted at 07:59h in Insights, Market Report: New Orleans, Research by ELIFIN® 0 Comments

DOWNLOAD FULL REPORT (PDF) Overall Dollar Volume is down 4.62% The trailing 12 month total dollar volume of sales was $700.4M at the end of Sep 2023 vs. $734.4M at the end of the prior month. Overall Deal Velocity is up 4.36% The trailing 12 month sale count was 407 at the end of Sep 2023 vs. 390 at the end of the prior...

20 Oct Market Report – Baton Rouge, LA – September 2023

Posted at 07:56h in Insights, Market Report: Baton Rouge, Research by ELIFIN® 0 Comments

DOWNLOAD FULL REPORT (PDF) Overall Dollar Volume is down 16.13% The trailing 12 month total dollar volume of sales was $680.8M at the end of Sep 2023 vs. $811.8M at the end of the prior month Overall Deal Velocity is down 3.63% The trailing 12 month sale count was 425 at the end of Sep 2023 vs. 441 at the end of the prior...