News

16 Oct The Pulse NOLA: Burlington Coat Factory property sells for 13mm in Metairie

Posted at 08:46h 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 2840 Veterans Memorial Blvd Type: Retail Price: $13,078,000 ($328.59 / SF) Buyer: AGREE CENTRAL LLC Elifin's Notes: A Michigan-based entity purchases the former Burlington Coat Factory property in Metairie 251 Barry Ave Type: Multifamily Price: $2,550,000 ($79,688 / Unit) Buyer: BARCELLONA REALTY LLC Elifin's Notes: The Riverside Commons, a 32-unit multifamily apartment complex in...

16 Oct The Pulse LFT: Celebrity Theatres in Broussard sold to local entity

Posted at 08:44h 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 104 Tas St Type: Industrial Price: $1,000,000 ($114.36 / SF) Buyer: PITRE REAL ESTATE LLC Elifin's Notes: An industrial property sells in Scott 969 Coolidge Blvd Type: Office Price: $675,000 ($110.66 / SF) Buyer: EMB INVESTMENTS LLC Elifin's Notes: A group of lawyers join together to purchase an office building previously occupied by the The...

09 Oct The Pulse BR: Phoenix-based firm purchases large mobile home community

Posted at 13:00h 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 9261 Baringer Foreman Rd Type: Land Price: $1,270,000 ($2.27 / Land SF) Buyer: Kodiak Business Park LLC Elifin's Notes: Prairieville-based developer purchases nearly 13 acres on Barringer Foreman Rd with plans for a new business park. 8026 Picardy Ave Type: Office Price: $1,200,000 ($255.32 / SF) Buyer: Picardy Tres LLC Elifin's Notes: Cajun Industries...

09 Oct The Pulse LFT: The City of Broussard acquires energy service properties

Posted at 09:03h 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 5801 Highway 90 E Type: Industrial Price: $5,300,000 Buyer: BROUSSARD CITY OF Elifin's Notes: The City of Broussard has acquired the properties previously owned and occupied by Superior Energy Services off of US 90 which include four buildings and a 3.8+ acre parcel of vacant land 201 S Bud St Type: Land Price:...

09 Oct The Pulse NOLA: Industrial property sells for 6.6mm on Almonaster Ave

Posted at 08:59h 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 10090 Almonaster Ave Type: Industrial Price: $6,570,939 ($795.51 / SF) Buyer: 10090 ALMONASTER PARTNERS LLC Elifin's Notes: The Alterra Property Group, out of Philadelphia, purchases an industrial property in the Viavant/Venetian Isles area 622 Julia St Type: Mixed-Use Price: $1,200,000 ($185.96 / SF) Buyer: ALPHADIA624 LLC Elifin's Notes: A mixed-use property sells in the...

02 Oct Top Permits issued in the New Orleans area, October 2, 2023

Posted at 13:28h in Commercial, News, Research by ELIFIN® 0 Comments

// Article originally appeared in New Orleans City Business on October 2, 2023 Just this week, new construction permits were granted to 2400 Guadalcanal St. Filed by Trapolin-Peer Architects, the project is believed to consist of a 70-unit, four-story multifamily complex. Set within the western boundaries of Federal City, the development is the latest iteration in large-scale construction in the former...

02 Oct The Pulse LFT: City of Lafayette purchases 1.1-acre parcel

Posted at 08:52h 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 100 Settlers Trace Blvd Type: Land Price: $1,650,000 ($16.76 / Land SF) Buyer: OAKS DEVELOPMENT LLC THE Elifin's Notes: A local group of investors purchase a 2.2+ acre parcel of vacant commercial land along Settlers Trace Boulevard near Steiner Road 5101 Decon Rd Type: Retail Price: $900,000 ($428.57 / SF) Buyer: BRUHATI 11 LLC Elifin's...

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 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...