News

03 Jul The Pulse LFT: T-Frere’s Bed and Breakfast sells

Posted at 09:17h 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 605 W Congress St Type: Office Price: $970,000 ($266.85 / SF) Buyer: PREMIER STAFFING LLC Elifin's Notes: Local entity purchases office property fronting on West Congress Street between Saint John St and South Washington St 2309 W Pinhook Rd Type: Mixed-Use Price: $950,000 ($203.56 / SF) Buyer: LAM, SON BINH; TRAN, TRAM NGUYEN THU Elifin's...

26 Jun Top Permits issued in the New Orleans area, June 26, 2023

Posted at 16:31h in Commercial, News, Research by Elizabeth Novit 0 Comments

// Article originally appeared in New Orleans City Business on June 26, 2023 Over the past few weeks, permits have been filed for the ongoing new construction at 1300 Oretha Castle Haley Boulevard. Part of the former Brown’s Dairy site, the property named H3C Apartments is aimed to address the growing need for affordable housing, providing 192 new apartments, with 92...

26 Jun The Pulse NOLA: Bella Plaza retail center sells to local investors

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 4412 Trenton St Type: Office Price: $700,000 ($201.96 / SF) Buyer: WEM REALTY LLC Elifin's Notes: Local investor purchases office property in the Pontchartrain Garden area 3826 General De Gaulle Dr Type: Retail Price: $600,000 ($202.43 / SF) Buyer: 3826 GENERAL LLC Elifin's Notes: Retail property sells in Algiers 4324 Downman Rd Type: Retail Price: $545,000 ($77.30...

26 Jun The Pulse LFT: The Shops at Martial retail center sells

Posted at 08:51h 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 2207 Kaliste Saloom Rd Type: Retail Price: $7,400,000 ($257.84 / SF) Buyer: RBG NAVARRE HOLDINGS LLC Elifin's Notes: Lake Charles-based entity, led by auto dealership owner, purchases The Shops at Martial retail center at the corner of East Martial Avenue and Kaliste Saloom Road 2810 Chemin Metairie Pkwy Type: Retail Price: $1,150,000 ($287.50...

26 Jun The Pulse BR: The Armstrong Apartments on Burbank sell

Posted at 08:44h 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 4600 Burbank Drive Type: Multifamily Price: $6,000,000 ($44,776 / Unit) Buyer: Louisiana Baton Rouge LLC Elifin's Notes: Aspen Square Management, a Massachusetts-based real estate investment and property management firm, purchase the Armstrong Apartments, a 134 unit complex on Burbank Dr. 14221 Airline Hwy Type: Land Price: $849,000 ($43.99 / Land SF) Buyer: T&S...

19 Jun The Pulse NOLA: Palmetto Apartments sold for 6.4mm

Posted at 08:22h 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 3801 Joliet St Type: Multifamily Price: $6,432,000 ($51,871 / Unit) Buyer: Palmetto Apartments LLC Elifin's Notes: A Hamdan Sons Investments led entity purchases a large multifamily property in the Dixon area 1407 S Carrollton Ave Type: Office Price: $1,340,000 ($177.41 / SF) Buyer: ALI II LLC Elifin's Notes: Office property sells in the East...

19 Jun The Pulse BR: Religious facility in Mid City Sold

Posted at 08:22h 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 3134 Hundred Oaks Ave Type: Specialty Price: $2,400,000 ($109.09 / SF) Buyer: Brothers of the Sacred Heart of New Orleans Inc Elifin's Notes: The Brothers of the Sacred Heart purchases religious facility just off of S Acadian Thwy. 3617 S Sherwood Forest Blvd Type: Retail Price: $625,000 ($161.25 / SF) Buyer: SS Brothers...

19 Jun The Pulse LFT: Old Navy building at Acadiana Mall sold

Posted at 08:22h 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 119 Tucker Dr Type: Retail Price: $3,000,000 ($140.35 / SF) Buyer: ASIAN GROCERY STORE CO Elifin's Notes: Asian Grocery Store Company purchases the Old Navy property located on the Ambassador Caffery-side of the Mall of Acadiana 106 Oil Patch Rd Type: Industrial Price: $1,310,290 ($112.66 / SF) Buyer: DAP VENTURES LLC Elifin's Notes: A newly...

12 Jun Top Permits issued in the New Orleans area, May 26 – June 8, 2023

Posted at 10:03h in Commercial, News, Research by Elizabeth Novit 0 Comments

// Article originally appeared in New Orleans City Business on June 12, 2023 At the close of the week, permits were granted with regards to electrical services at 609 Jackson Avenue in New Orleans; although renovation plans were formally approved in 2016, the site has not undergone much in the way of improvement since its former occupant vacated in 1979. With...

12 Jun The Pulse NOLA: 124 Acres in Bridge City sold

Posted at 09:06h 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 500 Seven Oaks Blvd Type: Mixed-Use Price: $3,000,000 ($152.28 / SF) Buyer: SEVEN OAKS INVESTMENTS LLC Elifin's Notes: Eddie Hamdan-led entity purchases a total of 124+ acres with a industrial building and facility on 10 acres of the site in the Bridgeview Park area of Bridge City 1621 L and...