News

The Pulse NOLA: 11-Unit Boutique Hotel in Uptown sells

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 806, 816 Adams St, 7706 Burthe St Type: Multifamily Price: $1,449,000 ($181,125 / Unit) Buyer: CMP 1 LLC Elifin's Notes: Local investors purchase three adjoining parcels of three multifamily buildings, totaling 8 units: one has six units, one is a 1BR/1BA, and the last is a 3BR/1BA traditional home. 4417...

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The Pulse BR: Lane Regional purchases pharmacy on Main St

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 6920 Bluebonnet Blvd Type: Retail Price: $1,625,000 ($398 / SF) Buyer: Fidelity Bank Elifin's Notes: Fidelity Bank purchases former Capital One branch on Bluebonnet Blvd across from the Mall of Louisiana. 6400 Main St Type: Retail Price: $975,000 ($139 / SF) Buyer: Lane Regional Medical Center Elifin's Notes: Lane Regional Medical Center purchases pharmacy...

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The Pulse NOLA: 96-Unit TownePlace Suites by Marriott sells

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 4534 Belle Dr Type: Land Price: $200,000 ($31.59 / Land SF) Buyer: GOVERNMENT ENTERPRISES LLC Elifin's Notes: Local investor purchases 0.15 acres of land with a C-1 zoning classification according to the Jefferson Parish Zoning Map in the Pontchartrain Shores area of Metairie. 1519, 1523 Touro St; 2014 N Claiborne...

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The Pulse BR: Beyer Printing’s office in Mid City sells

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 8425 Cumberland Pl Type: Office Price: $1,600,000 ($152 / SF) Buyer: AIDS Healthcare Foundation Elifin's Notes: AIDS Healthcare Foundation, a Los Angeles-based nonprofit, purchase medical office just off Goodwood Blvd. 8058 One Calais Ave Type: Land Price: $950,000 ($22.07 / Land SF) Buyer: Bruhati LLC Elifin's Notes: Lafayette-based real estate agent purchases two commercially...

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The Pulse NOLA: Magnolia Mansion in Garden District sells

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 2515-2517, 2519-2521 Chartres St Type: Hospitality Price: $1,500,000 ($136,364 / Unit) Buyer: 2515-21 CHARTRES LLC Elifin's Notes: Local investors purchase the, 11-unit, Lions Inn Bed & Breakfast in the Marigny in two separate transactions. 132 Allen Toussaint Blvd Type: Office Price: $922,000 ($384 / SF) Buyer: DUKE LANA Elifin's Notes: Local purchaser acquires a...

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The Pulse BR: National developer purchases Circle K on Jefferson

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 7475 Jefferson Hwy Type: Retail Price: $1,583,659 ($541 / SF) Buyer: DSJB V LLC Elifin's Notes: Brand Growth Inc, a Southern California-based national retail developer and strategic consulting firm, purchase Circle K property on the corner of Jefferson Hwy and Lobdell Ave. 14550 Florida Blvd Type: Retail Price: $1,350,000 ($72 / SF) Buyer:...

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The Pulse NOLA: Gretna convenience store sells for 3.1mm

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 101 Westbank Expy Type: Retail Price: $3,100,000 ($4,429 / SF) Buyer: HALO 17 LLC Elifin's Notes: Local investors purchase a centrally located Convenience Store/Gas Station property along the Westbank Expressway in Gretna 2331 Pailet Ave Type: Industrial Price: $615,000 ($38 / SF) Buyer: GOLDIN PROPERTIES INC Elifin's Notes: Mississippi-based investors purchase a 16,400 sq...

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The Pulse BR: Mid-City office warehouse sells for 3.93mm

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 415 N 15th St Type: Office Price: $3,930,000 ($25 / SF) Buyer: Baton Rouge QOZ Self-Storage LLC Elifin's Notes: The Inland Real Estate Group of Companies, an Illinois-based real estate and finance group, purchase 4 story office building with warehouse and flex space options near Mid City. 4550 North Blvd Type:...

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The Pulse NOLA: St. Bakhita Apartments in Marrero sell for 3mm

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 8814 Veterans Memorial Blvd Type: Retail Price: $4,600,000 ($141 / SF) Buyer: LUCKY SEVEN LLC Elifin's Notes: This two-story, 32,740 sq ft, retail center with 14 units in the Westgate area was bought as part of an Anthony Marullo and Bradley Jongbloed investment team purchase of two retail centers...

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The Pulse BR: City of Zachary purchases lot behind Wendy’s

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 14707 Perkins Rd Type: Office Price: $2,100,000 ($250 / SF) Buyer: EJW Properties LLC Elifin's Notes: Local investor purchases Perkins Rd office building on 1.5 acres. 2618 Wooddale Blvd Type: Office Price: $1,128,750 ($8 / SF) Buyer: 1008 Jourdan SPE LLC Elifin's Notes: Natchitoches-based buyer purchases Windsor Court Office Plaza near the corner of...

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