News

Historic Madame X Mansion sells

The February 17, 2025 issue covers seven commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $3.02M in disclosed volume. The headline deal: MADAME X LLC paid $1.45M ($207,143/unit) for the historic Madame X Mansion, featuring seven apartments, at 927 Toulouse Street in the French Quarter. Industrial and retail led the week with two of the...

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Burgersmith-anchored retail center sells for 2.9mm

The February 10, 2025 issue covers ten commercial sales recorded across Lafayette the previous week, totaling $6.81M in disclosed volume. The headline deal: SAINT NAZ LLC paid $2.9M ($263.64/SF) for a retail strip center anchored by Burgersmith on Saint Nazaire Road in Broussard. Retail led the week with four of the ten sales, including a newly constructed fast food restaurant...

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Historic abandoned building sells in Downtown

The February 10, 2025 issue covers seven commercial sales recorded across Baton Rouge and Ascension the previous week, totaling $2.61M in disclosed volume. The headline deal: Visit Baton Rouge paid $850K ($59.57/SF) for a historic mixed-use property on Lafayette Street in downtown Baton Rouge. Land and industrial accounted for two sales each, including a 2+ acre parcel in Geismar that...

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292-Unit hotel sells in Kenner

The February 10, 2025 issue covers five commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $10.5M in disclosed volume. The headline deal: KENNER HOLDINGS LLC paid $7.25M ($24,829/unit) for the 292-room Clarion Hotel New Orleans - Airport & Conference Center at 2829 Williams Boulevard in Kenner. The other four sales were one each of industrial,...

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Former Perino’s Seafood property sells

The February 3, 2025 issue covers eleven commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $5.81M in disclosed volume. The headline deal: PREMIUM RENTALS LLC paid $1.24M ($103,333/unit) for a 12-unit apartment complex at 112 Glenn Street in Metairie, with eight 1BR/1BA units and four 2BR/1BA units. Retail led the week with four of the...

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Lamar Apartments sell near UL

The February 3, 2025 issue covers four commercial sales recorded across Lafayette the previous week, totaling $1.61M in disclosed volume. The headline deal: LAFAYETTE PROPERTY HOLDINGS LLC paid $675K ($73.83/SF) for an industrial property on General Mouton Avenue near University Avenue. Industrial accounted for two of the four sales, while Acadiana Outreach Center, Inc. acquired the Lamar Apartments, a six-unit...

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Proposed Starbucks location sells on West Lee Drive

The February 3, 2025 issue covers eleven commercial sales recorded across Baton Rouge and Ascension the previous week, totaling $7.72M in disclosed volume. The headline deal: Grigsby Properties LLC paid $1.95M ($133.53/SF) for an industrial property with showroom and warehouse space on Airline Highway near the Airline Highway Park. Retail led the week with four of the eleven sales, including...

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Office sells in American Plaza complex

The January 27, 2025 issue covers three commercial sales recorded across Baton Rouge and Ascension the previous week, totaling $1.43M in disclosed volume. The headline deal: Drs McCulloh LLC paid $1.15M ($160.36/SF) for a medical office building in the American Plaza office complex on O'Neal Lane. The other two sales were a retail property at North Burnside Avenue and East...

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Warehouse property sells in Scott

The January 27, 2025 issue covers two commercial sales recorded across Lafayette the previous week, totaling $1.06M in disclosed volume. The headline deal: MFTA INVESTMENTS LLC paid $910K ($113.75/SF) for an industrial warehouse property on Machine Loop in Scott. Both sales were industrial, with Square Business Auto Fabrication, LLC acquiring an industrial property on North Pierce Street near the Evangeline...

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Industrial properties sell in Kenner

The January 27, 2025 issue covers two commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $550K in disclosed volume. The headline deal: Future Property Investments, LLC paid $500K ($125.00/SF) for an industrial property at 2225 Fayette Street within the Crestview Office & Industrial Park in Kenner. Industrial and land split the week with one sale...

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