// Article originally appeared in New Orleans City Business on November 13, 2023 Construction on St. Bernard Circle Apartments, across from Circle Food Store in Orleans Parish, is currently underway after breaking ground on October 25. Permits have been issued for the construction of the 53,485-square-foot, four-story, multifamily development, which will also feature two retail spaces and a landscaped community park....
A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 101 La Rue France Type: Office Price: $2,200,000 ($48.94 / SF) Buyer: AMG TOWER LLC Elifin's Notes: Acadiana Management Group acquires the AMG office tower in which they are the primary tenant located near the corner of West Pinhook Road and La Rue France alongside the Vermilion River 301 E Bluebird...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 2325 N Hullen St Type: Office Price: $1,037,500 ($98.81 / SF) Buyer: POL BUILDING LLC Elifin's Notes: An Arkansas-based entity purchases a multi-tenant commercial property within the Athania Place Annex area of Metairie 1411 Claire Ave Type: Land Price: $775,000 ($10.40 / Land SF) Buyer: AM PLAZA LLC Elifin's Notes: Local entity purchases 1.7+...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 501 Louisiana Ave Type: Office Price: $1,375,000 ($137.50 / SF) Buyer: Horizon Land and Development, LLC Elifin's Notes: Mississippi investor purchases 10,000 sqft office building in Downtown 5344 Brittany Dr Type: Office Price: $1,300,000 ($148.54 / SF) Buyer: SJB Group LLC Elifin's Notes: Local engineering firm purchases medical office near Our Lady of the...
A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 2784 NE Evangeline Thruway Type: Retail Price: $590,000 ($65.77 / SF) Buyer: HUKINS HOLDINGS LLC Elifin's Notes: The Good Shepherd RV retail property sells along I-49 409 Petite Rd Type: Multifamily Price: $400,000 ($9,302 / Unit) Buyer: TRAILS END TRAILER PARK LLC Elifin's Notes: The Trail's End Trailer Park in Maurice changes hands 2221 Verot School...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 1525 Sams Ave Type: Industrial Price: $4,500,000 ($264.71 / SF) Buyer: 1525 SAMS AVE HOLDINGS LLC Elifin's Notes: The owners of Ludwig Buildings purchase the industrial distribution property in Elmwood, formerly occupied by Southeastern Freight Lines as it moves to their new facility in Destrehan 7500 Chef Menteur Hwy Type: Multifamily Price:...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 11255 Boardwalk Dr Type: Hospitality Price: $1,300,000 ($25,000 / Unit) Buyer: Baton Rouge Boardwalk Hospitality Inc Elifin's Notes: The Baymont by Wyndham Baton Rouge, a 52 unit hotel off S Sherwood Forest Blvd, sells. 6565 Morgan Rd Type: Specialty Price: $558,110 ($42.93 / SF) Buyer: Properties by KC LLC Elifin's Notes: Former church campus...
// Article originally appeared in New Orleans City Business on November 2, 2023 The 80,500-square-foot facility in Mid-City known as the Orleans Justice Medical Services Building has been permitted for a sum of $88,750,000 in construction value. Located at 2900 Perdido St., the project is being spearheaded by Grace Hebert Curtis Architects. The state-of-the-art facility will primarily function as male and female...
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...
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...