News

25 Sep The Pulse LFT: Lamm Food Service sells NW Evangeline Thwy property

Posted at 09:22h 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 3219 NW Evangeline Thruway Type: Industrial Price: $6,375,000 ($130.56 / SF) Buyer: FIP MASTER FUNDING XIX LLC Elifin's Notes: Lamm Food Service's property sells in North Lafayette 515 S College Rd Type: Office Price: $1,895,000 ($64.16 / SF) Buyer: FRANCISCAN PACE INC Elifin's Notes: A Baton Rouge-based doctor purchases the two-story office building at 515...

25 Sep The Pulse NOLA: Three Shell gas stations sell to a Texas-based investor

Posted at 09:17h 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 3206 Williams Blvd Type: Retail Price: $1,600,000 ($888.89 / SF) Buyer: KMHSHELL LLC Elifin's Notes: In one of three acquisitions, Luling, Texas based investors purchase the Shell gas station/convenience store along Williams Boulevard in the Highway Park area 900 Clearview Pkwy Type: Retail Price: $1,600,000 ($666.67 / SF) Buyer: KMHSHELL LLC Elifin's Notes: In...

25 Sep The Pulse BR: Crescent Crown purchases 16+ acres on Oak Villa Blvd

Posted at 09:14h 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 Tract Z-2-A-1 Oak Villa Blvd Type: Land Price: $3,038,510 ($4.15 / Land SF) Buyer: Crescent Crown Distributing LLC Elifin's Notes: Crescent Crown Distributors purchases vacant lot behind the Walmart on Oak Villa Blvd. Tract 24-A Celtic Dr Type: Land Price: $900,000 ($15.59 / Land SF) Buyer: Celtic Management Corporation Elifin's Notes: Celtic Management purchase...

18 Sep Top Permits issued in the New Orleans area, September 18, 2023

Posted at 13:24h in Commercial, News, Research by Elizabeth Novit 0 Comments

// Article originally appeared in New Orleans City Business on September 18, 2023 Last week, additional permits were granted to further the development of Poydras Home, the senior living facility at the corner of Magazine Street and Jefferson Avenue. The latest phase of work to the site pertains to its amenities, slated to include a library, fitness center, yoga studio, salon,...

18 Sep The Pulse LFT: The Highlands at Grand Pointe purchased by Texas entity

Posted at 09:24h 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 3601 Kaliste Saloom Road Type: Multifamily Price: $16,650,000 ($143,534 / Unit) Buyer: HIGHLANDS LAFAYETTE LLC THE Elifin's Notes: The Highlands at Grand Pointe, a 116-unit apartment complex along Kaliste Saloom, will see a new name and a new owner with its sale to a Texas-based firm 122 Youngsville Hwy Type: Industrial Price: $720,000...

18 Sep The Pulse NOLA: The Prytania Park Hotel sells to local investor

Posted at 08:54h 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 1525 Prytania St Type: Hospitality Price: $2,115,000 ($35,847 / Unit) Buyer: DREAMING TREE INVESTMENTS LLC Elifin's Notes: In one of five transactions, a local investment entity purchases The Prytania Park Hotel, 59-units, in the Lower Garden District 3197 Richland Ave Type: Office Price: $2,050,000 ($179.87 / SF) Buyer: Sanctuary Holdings, LLC Elifin's Notes: Keller...

18 Sep The Pulse BR: Latin restaurant entity purchases property on Florida Blvd

Posted at 08:50h 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 9445 Greenwell Springs Rd Type: Retail Price: $650,000 ($277.19 / SF) Buyer: GFC Leasing Corp LLC Elifin's Notes: Texas-based buyers purchase former KFC location on Greenwell Springs Rd near the Monterrey Dr intersection. 6989 Florida Blvd Type: Retail Price: $650,000 ($73.55 / SF) Buyer: Los Latinos Amigos Restaurant LLC Elifin's Notes: Latin restaurant entity...

11 Sep The Pulse LFT: American Legion Post 69 property sold

Posted at 08:08h 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 4906 Ambassador Caffery Pkwy, Bldg I Type: Office Price: $1,621,200 Buyer: CORDOBA LEASING LLC Elifin's Notes: A condominium building within the Cordoba Medical Office Park sells to Cordoba Leasing LLC 2818 Bonin Rd Type: Office Price: $1,094,550 ($280.65 / SF) Buyer: SWAMP EAGLE REAL ESTATE LLC Elifin's Notes: An office sells between Bonin Road and...

11 Sep The Pulse NOLA: LeBrane’s Creole purchases their building in Westwego

Posted at 08:07h 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 116 Marguerite Rd Type: Multifamily Price: $1,025,000 ($128,125 / Unit) Buyer: JNO ENTERPRISES LLC Elifin's Notes: A multi-family property sells in the Marguerite Place area near the Saints practice facility off of Airline Drive 2282 Saint Claude Ave Type: Land Price: $775,000 ($63.19 / Land SF) Buyer: 2270 MARIGNY LLC Elifin's Notes: A corner...

11 Sep The Pulse BR: Southern Roots Outfitters purchases land in Zachary

Posted at 08:06h 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 Montegudo Dr at Bob Odom Dr Type: Land Price: $550,000 ($2.51 / Land SF) Buyer: Southern Roots Outfitters LLC Elifin's Notes: Zachary-based Southern Roots Outfitters purchases vacant lots in Zachary. 9830 Florida Blvd Type: Retail Price: $500,000 ($69.29 / SF) Buyer: Big Horn River LLC Elifin's Notes: Local investor purchases...