News

22 May The Pulse LFT: 44 Unit Mobile Home Park in Carencro sells

Posted at 09:06h 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 314 Malapart Rd Type: Multifamily Price: $1,050,000 ($23,864 / Unit) Buyer: STANLEY MALAPART OAKS LLC Elifin's Notes: A 44-unit Mobile Home Park sitting on 6 acres of land sells along Malapart Road in South Carencro 208 Spring Farm Rd Type: Land Price: $968,993 ($20.00 / Land SF) Buyer: MD4 PROPERTIES LLC Elifin's Notes: Local investor...

22 May The Pulse CBUS: Winchester Pike office building sells for 1mm

Posted at 09:00h 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 3303 Winchester Pike Type: Office Price: $1,095,000 ($130.05 / SF) Buyer: WINCHESTER PIKE REAL ESTATE LLC Elifin's Notes: An entity purchases an office building sitting on three parcels of land along Winchester Pike 1094 Mckinley Ave Type: Industrial Price: $750,000 ($99.13 / SF) Buyer: CEEGEE HOLDINGS LLC Elifin's Notes: Industrial property sells on McKinley Avenue...

22 May The Pulse NOLA: Ochsner Foundation purchases large retail building

Posted at 08:56h 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 6166 Elysian Fields Ave Type: Retail Price: $1,200,000 ($383.75 / SF) Buyer: HAZA FOODS OF NORTHEAST LLC Elifin's Notes: Fast Food property sells in the St. Anthony area 2830 Bell St Type: Mixed-Use Price: $1,078,000 ($176.95 / SF) Buyer: JG2 PROPERTIES LLC Elifin's Notes: Local investors purchase a mixed-use property with 7 apartments and...

22 May The Pulse BR: Villas at Riverbend sells for 23.7mm

Posted at 08:51h 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 5689 River Road Type: Multifamily Price: $23,750,000 ($77,110 / Unit) Buyer: Riverbend Owners LLC Elifin's Notes: Ashland Capital, an Illinois-based real estate investment firm, purchase the Villas at Riverbend, a 308 unit student housing complex near LSU. 9105 Park Bluff Dr Type: Land Price: $6,000,000 ($7.65 / Land SF) Buyer: Penske Truck Leasing...

16 May Top Permits issued in the New Orleans area, April 29 – May 11, 2023

Posted at 10:10h in Commercial, News, Research by Elizabeth Novit 0 Comments

// Article originally appeared in New Orleans City Business on May 15, 2023 One of my favorite parts of being a commercial real estate agent is being privy to new concepts in our market. Although these additions do not always come to fruition, I have always enjoyed culling newly issued permits as a means of ascertaining their viability and gauging activity. While...

15 May The Pulse LFT: Gas station off I-10 in Scott sells for 3mm

Posted at 09:25h 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 202 N Ambassador Caffery Pkwy Type: Retail Price: $3,050,000 ($610.00 / SF) Buyer: ZAREEN ENTERPRISE LLC Elifin's Notes: Local investors purchase a gas station/convenience store property right off of the I-10 Ambassador Caffery exit in Scott 409 S Bernard Rd Type: Industrial Price: $3,000,000 ($119.05 / SF) Buyer: BERNARD RD NO 1 LLC Elifin's Notes:...

15 May The Pulse CBUS: Retail property in Westerville sells for 600k

Posted at 09:14h 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 1540 E Main St Type: Land Price: $1,000,000 Buyer: FF PRESTON POINTE LP Elifin's Notes: A limited partnership purchases two adjacent vacant commercial land parcels, along East Main Street in the Franklin Park area 1091 Eastwind Dr Type: Retail Price: $600,000 ($296.00 / SF) Buyer: CMW LTD Elifin's Notes: Retail property near the corner of...

15 May The Pulse NOLA: Large retail property in Terrytown sells for 3.8mm

Posted at 08:57h 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 2703 Belle Chasse Hwy Type: Retail Price: $3,800,000 ($104.13 / SF) Buyer: AVILA PROPERTIES LLC Elifin's Notes: Large retail property sells along Belle Chasse Highway 4422 Magazine Street Type: Retail Price: $950,000 ($442.48 / SF) Buyer: JADES NAIL BAR LLC Elifin's Notes: Local entity purchases a retail property along Magazine Street in the Uptown...

15 May The Pulse BR: Exxon branded gas station in Mid City sells

Posted at 08:52h 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 1334 Florida St Type: Retail Price: $1,370,000 ($263.46 / SF) Buyer: RC 1334 Florida Blvd LLC Elifin's Notes: Georgia-based investor purchases an Exxon branded gas station in Mid-City. 5015 Bluebonnet Blvd Type: Office Price: $1,320,000 ($322.11 / SF) Buyer: J.B. Levert Land Company, LLC Elifin's Notes: Investor purchases medical office on Bluebonnet Blvd. 6860 Exchequer...

12 May Market Report – New Orleans, LA – April 2023

Posted at 09:40h in Insights, Market Report: New Orleans, Research by ELIFIN® 0 Comments

DOWNLOAD FULL REPORT (PDF) Overall Dollar Volume is up 1.24% The trailing 12 month total dollar volume of sales was $1.128B at the end of Apr 2023 vs. $1.114B at the end of the prior month. Overall Deal Velocity is down 2.92% The trailing 12 month sale count was 484 at the end of Apr 2023 vs. 498 at the end of the prior...