// Article originally appeared in New Orleans City Business on August 21, 2023 Permits were granted this week with regards to temporary structures from 400-700 North Claiborne Avenue, in the way of bathrooms, storage containers for portable items, including a stage with ADA ramp, kiosks, hand washing stations, convenience sinks, trash receptacles, tables, and chairs. Congregation on North Claiborne Avenue has...
DOWNLOAD FULL REPORT (PDF) Overall Dollar Volume is down 8.5% The trailing 12 month total dollar volume of sales was $789.4M at the end of Jul 2023 vs. $862.7M at the end of the prior month. Overall Deal Velocity is down 5.88% The trailing 12 month sale count was 416 at the end of Jul 2023 vs. 442 at the end of the prior...
DOWNLOAD FULL REPORT (PDF) Overall Dollar Volume is down 1.52% The trailing 12 month total dollar volume of sales was $838.0M at the end of Jul 2023 vs. $850.9M at the end of the prior month. Overall Deal Velocity is down 5.0% The trailing 12 month sale count was 456 at the end of Jul 2023 vs. 480 at the end of the prior...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 8520 Hickory St Type: Multifamily Price: $1,400,000 ($100,000 / Unit) Buyer: WOODMERE DAYCARE L L C Elifin's Notes: Harvey-based investor purchases a 14-unit multifamily property in the Leonidas area 2701 N Hullen St Type: Office Price: $635,000 ($334.21 / SF) Buyer: ULFERS DEVELOPMENT LLC Elifin's Notes: Currently used as Advanced Medical office, this property...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 10011 Main St Type: Retail Price: $6,524,808 ($343.41 / SF) Buyer: Agree Central LLC Elifin's Notes: Agree Realty, a Michigan-based real estate investment firm, purchase the Tractor Supply in Zachary. St Phillip St at Europe St Type: Retail Price: $2,800,000 ($133.33 / SF) Buyer: GLP Capital LP Elifin's Notes: Gaming & Leisure Properties purchase...
A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 4010 W Congress St Type: Office Price: $1,450,000 ($68.36 / SF) Buyer: LAF-CITY Elifin's Notes: The City of Lafayette purchases the two-story, 12-unit, office building near the corner of West Congress and Guilbeau Road 2751 W Willow St Type: Industrial Price: $450,000 ($60.00 / SF) Buyer: SOUTHERN ADVANCE PROCESS SOLUTIONS LLC Elifin's Notes: Carencro-based investors...
A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 110 Capitol Dr Type: Office Price: $2,960,000 ($46.74 / SF) Buyer: 110 CAPITAL M LLC Elifin's Notes: A pair of large office buildings sell near Feu Follet Road 2001 Moss St Type: Retail Price: $2,100,000 ($77.21 / SF) Buyer: OSH INVESTMENTS LLC Elifin's Notes: Area developer purchases the Pelican Pointe Shopping Center along Moss Street 3431...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 2550 Belle Chasse Hwy Type: Office Price: $2,700,000 ($60.00 / SF) Buyer: GRETNA OFFICE COMPLEX LLC Elifin's Notes: Office building property sells in Gretna along the Belle Chasse Highway 2509 Houma Blvd Type: Multifamily Price: $1,220,000 ($101,667 / Unit) Buyer: GRAYSTONE MANOR LLC Elifin's Notes: The Greystone Manor Apartments sell in the Suburban Villa...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 356 Apartment Court Drive Type: Multifamily Price: $11,000,000 ($59,783 / Unit) Buyer: NMP-Goodwood LLC Elifin's Notes: Goodwood Place Apartments, a 184 unit apartment complex off of Government St, sells to local investor. 459 Apartment Court Drive Type: Multifamily Price: $2,200,000 ($91,667 / Unit) Buyer: NMP-Goodwood LLC Elifin's Notes: Marquette Place, a 24 unit apartment...
// Article originally appeared in New Orleans City Business on August 7, 2023 Permits pertaining to a new hotel at 3500 St. Charles Ave. were issued on July 25. The site was formerly improved with a mixed-use office property of no historic importance prior to it being razed and advertised for ground lease. Plans were announced in Fall of 2022 with...