News

21 Aug The Pulse LFT: City of Lafayette purchases two-story office building

Posted at 08:46h 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 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...

14 Aug The Pulse LFT: Pelican Pointe Shopping Center along Moss St sells

Posted at 08:57h 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 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...

14 Aug The Pulse NOLA: Gretna office building sells for 2.7mm

Posted at 08:54h 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 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...

14 Aug The Pulse BR: Goodwood Place Apartments sell for 11mm

Posted at 08:50h 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 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...

07 Aug Top Permits issued in the New Orleans area, August 7, 2023

Posted at 16:41h in Commercial, News, Research by Elizabeth Novit 0 Comments

// 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...

07 Aug The Pulse LFT: Plantation Inn Motel on NE Evangeline sells

Posted at 09:02h 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 1710 W Willow St Type: Industrial Price: $2,200,000 ($45.83 / SF) Buyer: 5H ACADIANA LLC Elifin's Notes: Local investor purchases an industrial property sitting on ±8 acres on West Willow near I-10 2810 NE Evangeline Thruway Type: Hospitality Price: $2,000,000 ($24,096 / Unit) Buyer: HOME EXPRESS INN LLC; FASTRACK PROPERTY INTL LLC Elifin's Notes: New...

07 Aug The Pulse NOLA: Medical property sold to NY investor for 5.4 million

Posted at 08:50h 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 2908 General De Gaulle Dr Type: Office Price: $5,442,000 ($755.10 / SF) Buyer: SMBC LEASING AND FINANCE INC Elifin's Notes: New York-based entity purchases an office property occupied by Fresenius Kidney Care in the Behrman area 4421 Burgundy St Type: Multifamily Price: $720,000 ($72,000 / Unit) Buyer: ROAK REAL ESTATE LLC Elifin's Notes: A...

07 Aug The Pulse BR: Tri-Care Automotive property sells for 3.75mm

Posted at 08:49h 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 13873 Airline Hwy Type: Industrial Price: $3,750,000 Buyer: The Machine Shop of Baton Rouge LLC Elifin's Notes: The Machine Shop of Baton Rouge purchases Tri Care Automotive repair shop on Airline Hwy. 11188 Florida Blvd Type: Healthcare Price: $2,000,000 ($74.03 / SF) Buyer: Stoa RE LLC Elifin's Notes: The Care Center, a nursing home...

31 Jul The Pulse LFT: The Grand Theatre on Kaliste Saloom sells

Posted at 08:46h 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 910 Harding St Type: Office Price: $1,350,000 ($182.56 / SF) Buyer: HOS PROPERTIES LLC Elifin's Notes: Local investor purchases an Oil Center office property sitting on 0.8+ acres 103 Broadmoor Blvd Type: Retail Price: $650,000 ($260.00 / SF) Buyer: VSQUARED HOLDINGS LLC Elifin's Notes: Veterinary Clinic property sells near the intersection of Johnston Street and...

31 Jul The Pulse NOLA: Algiers Plaza shopping center sells for 35mm

Posted at 08:44h 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 4100 General De Gaulle Dr Type: Retail Price: $35,000,000 ($145.22 / SF) Buyer: ALGIERS PLAZA, LLC Elifin's Notes: California-based entity purchases the Algiers Plaza shopping center for 35 MM 1010-1022 Louisiana Ave Type: Multifamily Price: $1,900,000 ($316,667 / Unit) Buyer: SHEFFIELD CAPITAL SOLUTIONS LLC Elifin's Notes: Through three separate transactions, a local investor purchases...