News

05 Jun The Pulse NOLA: 274 Unit Oakmont of Algiers sell

Posted at 08:36h 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 2200 Westbend Pkwy Type: Multifamily Price: $4,500,000 ($16,423 / Unit) Buyer: ZURQUI LLC Elifin's Notes: As one of three sales this week as a result of the same bankruptcy proceeding, Baton Rouge-based investors purchase the Oakmont of Algiers apartment complex in the Behrman area 1445 Lapalco Blvd Type: Land Price: $3,500,000 ($9.17...

05 Jun The Pulse BR: Settlement at Shoe Creek tract sells for 1.75mm

Posted at 08:34h 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 Tract A Sullivan Rd Type: Land Price: $1,750,000 ($158.33 / Land SF) Buyer: Central/Won LLC Elifin's Notes: Unit A of the Settlement at Shoe Creek development sells to Houston-based real estate investor. 751 W Lee Dr Type: Land Price: $1,012,000 ($20.03 / Land SF) Buyer: Benny's Lee LLC Elifin's Notes: Benny's Carwash purchases vacant...

02 Jun Top Permits issued in the New Orleans area, May 12-25, 2023

Posted at 10:05h in Commercial, News, Research by Elizabeth Novit 0 Comments

// Article originally appeared in New Orleans City Business on June 1, 2023 Over 620 permits were issued in Orleans Parish alone over the course of the last two weeks. Although Tulane University’s desire to do so was formally announced last year, permits were granted this week to raze Irby, Phelps, and Paterson Halls. Ensconced in the near-center of campus, Paterson was...

29 May The Pulse NOLA: New Medical office sells for 2.8mm

Posted at 08:26h 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 2405 Sanctuary Dr Type: Specialty Price: $2,800,000 Buyer: NEW ORLEANS MILITARY AND MARITIME ACADEMY INC Elifin's Notes: The Algiers Development District sells to the New Orleans Military and Maritime Academy its' own campus and additional property in the Whitney area of Algiers 2558 Barataria Blvd Type: Office Price: $2,388,039 Buyer: FCPT HOLDINGS LLC Elifin's...

29 May The Pulse LFT: Multi-tenant retail building sold for 710k

Posted at 07:59h 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 2801 Kaliste Saloom Rd Type: Retail Price: $710,000 ($69.34 / SF) Buyer: J&A COMMERCIAL HOLDINGS LLC Elifin's Notes: Local investors purchase a multiple unit retail property at the corner of Kaliste Saloom Road and Kensington Drive 1921 Kaliste Saloom Rd Unit 203B Type: Office Price: $600,000 ($253.06 / SF) Buyer: FONTENOT WEALTH GROUP LLC Elifin's...

29 May The Pulse BR: Range USA off Millerville sold

Posted at 07:56h 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 13505 Millerville Greens Blvd Type: Retail Price: $4,610,628 ($317.97 / SF) Buyer: Miller Hunt LLC Elifin's Notes: Range USA, a gun shop and gun range off Millerville, sells to an Illinois-based buyer. 12222 Florida Blvd Type: Retail Price: $1,076,821 ($147.51 / SF) Buyer: Agree Stores LLC Elifin's Notes: Advanced Auto...

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 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...