News

13 Nov The Pulse NOLA: Whitney Parking Garage sells in the CBD

Posted at 09:14h 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 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+...

13 Nov The Pulse BR: Medical office near OLOL sells for 1.3mm

Posted at 09:12h 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 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...

06 Nov The Pulse LFT: Shopping center on W Willow St sells to Texas-based entity

Posted at 09:12h 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 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...

06 Nov The Pulse NOLA: Former Southeastern Freight Lines distribution property sells

Posted at 09:05h 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 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:...

06 Nov The Pulse BR: 52 Unit hotel off S Sherwood Forest Blvd sells

Posted at 09:04h 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 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...

02 Nov Top Permits issued in the New Orleans area, November 2, 2023

Posted at 13:12h in Commercial, News, Research by Noah Loveland 0 Comments

// 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...

30 Oct The Pulse BR: Wayne Stablier purchases property near Amazon

Posted at 09:47h 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 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...

30 Oct The Pulse NOLA: The Madison Garden Apartments sell in Metairie

Posted at 09:46h 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 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...

30 Oct The Pulse LFT: 3.77 Acres sell in the Primeaux Business Park of Carencro

Posted at 09:36h 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 6209 Cameron St Type: Self Storage Price: $2,750,000 ($32,353 / Unit) Buyer: ACADIANA COASTAL HOLDINGS LLC Elifin's Notes: The Short's RV & Boat Storage property in Scott sells to a trio of local investors 100 Schambo Ln Type: Land Price: $400,000 ($2.44 / Land SF) Buyer: JHDTLC LLC Elifin's Notes: A Texas-based entity, made up...

23 Oct The Pulse NOLA: Pair of industrial properties sell for 1mm

Posted at 08:58h 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 2432 Dawson St Type: Industrial Price: $1,075,000 ($113.06 / SF) Buyer: WAREHOUSE DISTRICT LLC Elifin's Notes: A pair of industrial properties sell within the Bainbridge Office & Industrial Park 4836 W Esplanade Ave Type: Specialty Price: $486,000 ($93.46 / SF) Buyer: IGLESIA CRISTIANA FILADELFIA Elifin's Notes: Iglesia Cristiana Filadelfia purchases the religious facility located...