// Article originally appeared in New Orleans City Business on October 2, 2023 Just this week, new construction permits were granted to 2400 Guadalcanal St. Filed by Trapolin-Peer Architects, the project is believed to consist of a 70-unit, four-story multifamily complex. Set within the western boundaries of Federal City, the development is the latest iteration in large-scale construction in the former...
A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 100 Settlers Trace Blvd Type: Land Price: $1,650,000 ($16.76 / Land SF) Buyer: OAKS DEVELOPMENT LLC THE Elifin's Notes: A local group of investors purchase a 2.2+ acre parcel of vacant commercial land along Settlers Trace Boulevard near Steiner Road 5101 Decon Rd Type: Retail Price: $900,000 ($428.57 / SF) Buyer: BRUHATI 11 LLC Elifin's...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 700 Camp St Type: Office Price: $5,500,000 ($141.83 / SF) Buyer: R&M PROPERTIES 700 CAMP STREET LLC Elifin's Notes: A two building office property with accompanying parking and storage space sells in the CBD area 2915-2929 Dryades St Type: Multifamily Price: $1,500,000 ($187,500 / Unit) Buyer: ECE VENTURES LLC Elifin's Notes: An 8-unit multifamily...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 7266 Tom Dr Type: Office Price: $500,000 ($135.87 / SF) Buyer: 3MB Properties LLC Elifin's Notes: JM Test Systems purchases office building across the street from their facility on Tom Dr. Commercial Permits Issued Last Week .tg { border-collapse: collapse; border-color: #ccc; border-spacing: 0; border: 1px solid rgba(0, 0, 0, 0.12); background-color: #fff; width: 100%; } .tg...
DOWNLOAD FULL REPORT (PDF) Overall Dollar Volume is down 6.97% The trailing 12 month total dollar volume of sales was $734.4M at the end of Aug 2023 vs. $789.4M at the end of the prior month. Overall Deal Velocity is down 6.25% The trailing 12 month sale count was 390 at the end of Aug 2023 vs. 416 at the end of the prior...
DOWNLOAD FULL REPORT (PDF) Overall Dollar Volume is down 2.69% The trailing 12 month total dollar volume of sales was $815.5M at the end of Aug 2023 vs. $838.0M at the end of the prior month. Overall Deal Velocity is down 3.07% The trailing 12 month sale count was 442 at the end of Aug 2023 vs. 456 at the end of the prior...
A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 3219 NW Evangeline Thruway Type: Industrial Price: $6,375,000 ($130.56 / SF) Buyer: FIP MASTER FUNDING XIX LLC Elifin's Notes: Lamm Food Service's property sells in North Lafayette 515 S College Rd Type: Office Price: $1,895,000 ($64.16 / SF) Buyer: FRANCISCAN PACE INC Elifin's Notes: A Baton Rouge-based doctor purchases the two-story office building at 515...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 3206 Williams Blvd Type: Retail Price: $1,600,000 ($888.89 / SF) Buyer: KMHSHELL LLC Elifin's Notes: In one of three acquisitions, Luling, Texas based investors purchase the Shell gas station/convenience store along Williams Boulevard in the Highway Park area 900 Clearview Pkwy Type: Retail Price: $1,600,000 ($666.67 / SF) Buyer: KMHSHELL LLC Elifin's Notes: In...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week Tract Z-2-A-1 Oak Villa Blvd Type: Land Price: $3,038,510 ($4.15 / Land SF) Buyer: Crescent Crown Distributing LLC Elifin's Notes: Crescent Crown Distributors purchases vacant lot behind the Walmart on Oak Villa Blvd. Tract 24-A Celtic Dr Type: Land Price: $900,000 ($15.59 / Land SF) Buyer: Celtic Management Corporation Elifin's Notes: Celtic Management purchase...
// Article originally appeared in New Orleans City Business on September 18, 2023 Last week, additional permits were granted to further the development of Poydras Home, the senior living facility at the corner of Magazine Street and Jefferson Avenue. The latest phase of work to the site pertains to its amenities, slated to include a library, fitness center, yoga studio, salon,...