News

01 Jan The Pulse LFT: Land along Settlers Trace Boulevard sells for 2mm

Posted at 09:07h 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 Lots 1, 3 Settlers Trace Blvd, Lafayette, LA 70508 Type: Land Price: $2,080,000 ($17.52 / Land SF) Buyer: SHOPS AT SETTLERS TRACE LLC THE Elifin's Notes: Lafayette-based development team purchases two tracts of land, 1.8+ and 0.8+ acres respectively, behind the Ambassador Crossing development and along Settlers Trace Boulevard. 2401 E...

01 Jan The Pulse NOLA: The City of Gretna purchases a hotel for 5.3mm

Posted at 08:55h 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 100 Westbank Expy, Gretna, LA 70053 Type: Hospitality Price: $5,335,000 ($17,265 / Unit) Buyer: GRETNA CITY OF Elifin's Notes: The City of Gretna purchases a hotel property along the Westbank Expressway 1031 Saint Philip St, New Orleans, LA 70116 Type: Mixed-Use Price: $1,600,000 ($129.86 / SF) Buyer: Walter Antin; Ariana Rinderknecht Elifin's Notes: A...

01 Jan The Pulse BR: 34+ acres sell on Pecue Lane near I-10

Posted at 08:54h 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 34.32 Acres Pecue Lane, Baton Rouge, LA 70810 Type: Land Price: $2,800,000 ($1.87 / Land SF) Buyer: Honor Properties Old Perkins Investments LLC Elifin's Notes: 34+ acres off Pecue Lane near I-10 sells to Brown Industries. 6160 Perkins Rd, Baton Rouge, LA 70808 Type: Office Price: $2,700,000 ($129.88 / SF) Buyer: Matt Bruno...

25 Dec The Pulse NOLA: Best Western property sells for 3 million

Posted at 08:08h 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 3900 Howard Ave, New Orleans, LA 70125 Type: Specialty Price: $10,000,000 ($280.48 / SF) Buyer: GRAY MEDIA GROUP INC Elifin's Notes: Gray Media Group, Inc, based out of Atlanta, purchases 3900 Howard Avenue, an office and television studio built in 2014, which will now be home to WVUE Fox...

25 Dec The Pulse LFT: SLEMCO purchases 4.3 acres

Posted at 08:05h 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 2502 S College Rd, Lafayette, LA 70508 Type: Retail Price: $2,275,000 Buyer: 2502 S COLLEGE LLC Elifin's Notes: A Lake Charles-based entity purchases a newly constructed gas station/convenience store property at the corner of South College and Verot School Road 1029 Savoy Rd, Youngsville, LA 70592 Type: Land Price: $1,150,000 ($6.01 / Land...

25 Dec The Pulse BR: Assisted living facility on Siegen sells for 29mm

Posted at 08:05h 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 9394 Siegen Lane, Baton Rouge, LA 70810 Type: Multifamily Price: $29,000,000 ($290,000 / Unit) Buyer: 9394 Siegen Lane Propco LLC Elifin's Notes: The Barclay House of Baton Rouge, an assisted living facility in Baton Rouge, sells to Welltower Inc, a real estate investment firm out of Toledo, OH. 3700 East...

18 Dec The Pulse LFT: Lafayette Health Club property on Kaliste Saloom Rd sells

Posted at 09:24h 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 114 Eunice St, Lafayette, LA 70508 Type: Retail Price: $1,400,000 ($109.29 / SF) Buyer: 114 EUNICE LLC Elifin's Notes: New Orleans-based investors purchase another Camp Bow-Wow property to add to their purchase of a New Orleans location last year 2905 Kaliste Saloom Rd, Lafayette, LA 70508 Type: Retail Price: $1,000,000 ($83.44 / SF) Buyer:...

18 Dec The Pulse BR: Baton Rouge Airport purchases local shopping center and car wash

Posted at 09:18h 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-3-B N Airway Dr, Baton Rouge, LA 70815 Type: Land Price: $2,402,382 ($2.89 / Land SF) Buyer: Old Dominion Freight Line, Inc Elifin's Notes: Old Dominion Freight Line, Inc purchases land near the Amazon fulfillment center. 8188 Plank Rd, Baton Rouge, LA 70811 Type: Retail Price: $2,270,000 ($39.33 / SF) Buyer: The...

18 Dec The Pulse NOLA: Vacant shopping center sells for 1.8mm

Posted at 09:10h 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 1075 Peters Rd, Harvey, LA 70058 Type: Industrial Price: $2,000,000 ($104.31 / SF) Buyer: D&J PETERS ROAD PROPERTIES LLC Elifin's Notes: A local entity purchases the former Chevron Harvey Terminal industrial property which includes two buildings on 7+ acres of land 1951 Ames Blvd, Marrero, LA 70072 Type: Retail Price: $1,800,000 ($62.50...

11 Dec The Pulse LFT: Clarion Pointe Hotel sells for 2.27mm

Posted at 08:48h 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 1015 W Pinhook Rd, Lafayette, LA 70503 Type: Hospitality Price: $2,275,000 ($45,500 / Unit) Buyer: OM SHANTI OM ELEVEN LLC Elifin's Notes: Local hotel owners purchase the Clarion Pointe Hotel along West Pinhook near the Oil Center 8500BLK Cameron St, Duson, LA 70529 Type: Land Price: $1,018,300 ($0.12 / Land SF) Buyer: MORSAM PROPERTIES...