News

09 Oct The Pulse NOLA: Industrial property sells for 6.6mm on Almonaster Ave

Posted at 08:59h 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 10090 Almonaster Ave Type: Industrial Price: $6,570,939 ($795.51 / SF) Buyer: 10090 ALMONASTER PARTNERS LLC Elifin's Notes: The Alterra Property Group, out of Philadelphia, purchases an industrial property in the Viavant/Venetian Isles area 622 Julia St Type: Mixed-Use Price: $1,200,000 ($185.96 / SF) Buyer: ALPHADIA624 LLC Elifin's Notes: A mixed-use property sells in the...

02 Oct Top Permits issued in the New Orleans area, October 2, 2023

Posted at 13:28h in Commercial, News, Research by ELIFIN® 0 Comments

// 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...

02 Oct The Pulse LFT: City of Lafayette purchases 1.1-acre parcel

Posted at 08:52h 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 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...

02 Oct The Pulse NOLA: Office property on Camp Street sells for 5.5 million

Posted at 08:47h 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 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...

02 Oct The Pulse BR: JM Test Systems purchases office building

Posted at 08:47h 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 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...

28 Sep Market Report – New Orleans, LA – August 2023

Posted at 07:48h in Insights, Market Report: New Orleans, Research by ELIFIN® 0 Comments

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...

28 Sep Market Report – Baton Rouge, LA – August 2023

Posted at 07:47h in Insights, Market Report: Baton Rouge, Research by ELIFIN® 0 Comments

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...

25 Sep The Pulse LFT: Lamm Food Service sells NW Evangeline Thwy property

Posted at 09:22h 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 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...

25 Sep The Pulse NOLA: Three Shell gas stations sell to a Texas-based investor

Posted at 09:17h 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 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...

25 Sep The Pulse BR: Crescent Crown purchases 16+ acres on Oak Villa Blvd

Posted at 09:14h 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 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...