News

02 Oct The Pulse NOLA: Office property on Camp Street sells for 5.5 million

Posted at 08:47h 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 700 Camp St Type: Office Price: $5,500,000 ($141.83 / SF) Buyer: R&M PROPERTIES 700 CAMP STREET LLC Elifin's Notes: A two building office property with accompanying parking and storage space sells in the CBD area 2915-2929 Dryades St Type: Multifamily Price: $1,500,000 ($187,500 / Unit) Buyer: ECE VENTURES LLC Elifin's Notes: An 8-unit multifamily...

02 Oct The Pulse CBUS: Walgreens property sold for over 5 million

Posted at 08:47h 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 4890 N High St Type: Retail Price: $5,222,800 ($374.47 / SF) Buyer: COLUMBUS 101 LLC Elifin's Notes: A Walgreens drug store property sells in the Beechwold area 1801 LONE EAGLE ST Type: Industrial Price: $2,375,000 ($105.56 / SF) Buyer: SMB PROPERTY COMPANY LLC Elifin's Notes: An industrial warehouse property sells in the Georgesville area 1370 RESEARCH...

02 Oct The Pulse BR: JM Test Systems purchases office building

Posted at 08:47h 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 7266 Tom Dr Type: Office Price: $500,000 ($135.87 / SF) Buyer: 3MB Properties LLC Elifin's Notes: JM Test Systems purchases office building across the street from their facility on Tom Dr. Commercial Permits Issued Last Week .tg { border-collapse: collapse; border-color: #ccc; border-spacing: 0; border: 1px solid rgba(0, 0, 0, 0.12); background-color: #fff; width: 100%; } .tg...

28 Sep Market Report – New Orleans, LA – August 2023

Posted at 07:48h in Insights, Market Report: New Orleans, Research by ELIFIN® 0 Comments

DOWNLOAD FULL REPORT (PDF) Overall Dollar Volume is down 6.97% The trailing 12 month total dollar volume of sales was $734.4M at the end of Aug 2023 vs. $789.4M at the end of the prior month. Overall Deal Velocity is down 6.25% The trailing 12 month sale count was 390 at the end of Aug 2023 vs. 416 at the end of the prior...

28 Sep Market Report – Baton Rouge, LA – August 2023

Posted at 07:47h in Insights, Market Report: Baton Rouge, Research by ELIFIN® 0 Comments

DOWNLOAD FULL REPORT (PDF) Overall Dollar Volume is down 2.69% The trailing 12 month total dollar volume of sales was $815.5M at the end of Aug 2023 vs. $838.0M at the end of the prior month. Overall Deal Velocity is down 3.07% The trailing 12 month sale count was 442 at the end of Aug 2023 vs. 456 at the end of the prior...

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 CBUS: Sequoia Pro Bowl & The VolleyPark sell for 2.2mm

Posted at 09:19h 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 1740 Walcutt Rd Type: Industrial Price: $2,600,000 ($230.50 / SF) Buyer: RAP 1740 LLC Elifin's Notes: An industrial property sells in The Railyard area 5501 Sandalwood Blvd Type: Retail Price: $2,200,000 ($68.84 / SF) Buyer: 572 FAHRENHEIT INC Elifin's Notes: The Sequoia Pro Bowl & The VolleyPark property changes hands in the Woodward Park area 547...

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,...