News

Industrial properties sell in Kenner

The January 27, 2025 issue covers two commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: Future Property Investments, LLC bought an industrial property at 2225 Fayette Street within the Crestview Office & Industrial Park in Kenner. Industrial and land split the week with one sale each, as the same buyer also bought an...

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Large office building in Broussard changes hands

The January 20, 2025 issue covers seven commercial sales recorded across Lafayette the previous week. The headline deal: WHC LLC bought a large, two-story office building on West Pinhook Road in Broussard. Office led the week with three of the seven sales, while Rovin K International acquired a gas station/convenience store on Cameron Street in Scott and a 6.2-acre parcel...

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One of NOLA’s most blighted properties sells

The January 20, 2025 issue covers ten commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: LOCAL ON SEVERN LLC (The Medve Group, a Texas-based property management company) bought The Local on Severn, a 161-unit multifamily property at 3409 Severn Avenue in Metairie. Multifamily led the week with three of the ten sales, while...

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City of Central purchases 356 acres

The January 20, 2025 issue covers eight commercial sales recorded across Baton Rouge and Ascension the previous week. The headline deal: Central City Of, the City of Central, bought 356+ acres of land between Wax Road and Hooper Road. Retail led the week with three of the eight sales, including the b1BANK property on Coursey Boulevard, while Red Ball Oxygen...

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Former law firm office sells Downtown

The January 13, 2025 issue covers five commercial sales recorded across Lafayette the previous week. The headline deal: CRRE INVESTMENTS LLC bought the retail property at the corner of South Bernard Road and West Fairfield, next to the Sabal neighborhood developments in Broussard. Retail accounted for two of the five sales, while the First Baptist Church of Lafayette added a...

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The Sugar Mill event venue sells

The January 13, 2025 issue covers seven commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: 2007 CLEARVIEW LLC bought an industrial flex-showroom space at 4425 West Napoleon Avenue in Metairie. Retail led the week with three of the seven sales, while the same buyer bought an industrial property on Zenith Street in Metairie...

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Asian Pearl property sells in Zachary

The January 13, 2025 issue covers twelve commercial sales recorded across Baton Rouge and Ascension the previous week. The headline deal: SKR Real Estate LLC bought a collection of industrial properties, three warehouses and 2+ acres of land, on and just off Orice Roth Road in Gonzales. Office led the week with five of the twelve sales, while an Arkansas-based...

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Market Report – New Orleans, LA – December 2024

Overall Dollar Volume is down 1.36% The trailing 12 month total dollar volume of sales was $820.1M at the end of Dec 2024 vs. $831.4M at the end of the prior month. Overall Deal Velocity is up 0.77% The trailing 12 month sale count was 524 at the end of Dec 2024 vs. 520 at the end of the prior month.   [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2025/01/Market-Report-New-Orleans-LA-December-2024.pdf" attachment_id="13799"...

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Market Report – Lafayette, LA – December 2024

Overall Dollar Volume is down 6.73% The trailing 12 month total dollar volume of sales was $297.5M at the end of Dec 2024 vs. $318.9M at the end of the prior month. Overall Deal Velocity is down 1.95% The trailing 12 month sale count was 301 at the end of Dec 2024 vs. 307 at the end of the prior month.   [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2025/01/Market-Report-Lafayette-LA-December-2024.pdf" attachment_id="13800"...

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Market Report – Baton Rouge, LA – December 2024

Overall Dollar Volume is down 9.53% The trailing 12 month total dollar volume of sales was $394.2M at the end of Dec 2024 vs. $435.7M at the end of the prior month. Overall Deal Velocity is down 0.86% The trailing 12 month sale count was 344 at the end of Dec 2024 vs. 347 at the end of the prior month.   [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2025/01/Market-Report-Baton-Rouge-LA-December-2024.pdf" attachment_id="13801"...

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