News

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 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...

12 May Market Report – Baton Rouge, LA – April 2023

Posted at 09:39h in Insights, Market Report: Baton Rouge, Research by ELIFIN® 0 Comments

DOWNLOAD FULL REPORT (PDF) Overall Dollar Volume is down 2.65% The trailing 12 month total dollar volume of sales was $1.069B at the end of Apr 2023 vs. $1.098B at the end of the prior month. Overall Deal Velocity is down 2.9% The trailing 12 month sale count was 513 at the end of Apr 2023 vs. 528 at the end of the prior...

08 May The Pulse LFT: Holiday Village Mobile Home Park sells

Posted at 09:04h 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 2808 W Pinhook Rd Type: Multifamily Price: $2,500,000 ($48,076.92 / Unit) Buyer: LAFAYETTE MHP LLC Elifin's Notes: New York-based entity purchases the 52-unit Holiday Village Mobile Home Park sitting on 10.894 acres near the intersection of Verot and Pinhook 112 Guernsey Ln Type: Industrial Price: $1,200,000 ($93.17 / SF) Buyer: TKSM HOLDINGS LLC Elifin's Notes:...

08 May The Pulse NOLA: Former Army National Guard facility sells

Posted at 08:48h 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 4200 Michoud Blvd Type: Industrial Price: $1,250,000 ($8.00 / SF) Buyer: 4200 MICHOUD LLC Elifin's Notes: An entity, led by Barry Kern, purchases the former Army National Guard facility sitting on 12.185 acres of land in the Michoud area 1731 Baronne St Type: Retail Price: $819,120 ($128.27 / SF) Buyer: EFFORTS OF GRACE...