A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 3800 Howard Avenue Type: Land Price: $12,500,000 ($32.09 / Land SF) Buyer: YANG QI HOLDINGS LLC Elifin's Notes: 8.94 acres of land sold along Howard Avenue adjacent to the B.W. Cooper area 851 E Airline Drive Type: Land Price: $1,525,000 ($10.74 / Land SF) Buyer: CAR MASS LLC Elifin's Notes: Sale of a 3.26...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 6711, 6725, 6741, 6747, 6759, 6769, 6801, 6817 Tara Ln Type: Multifamily Price: $6,100,000 ($76,250 / Unit) Buyer: PLAZA PARK TARA LN LLC Elifin's Notes: New York-based investors acquire a 80-unit apartment complex, with configurations of: 1BR/1BA, 2BR/1BA, 2BR/2BA and 3BR/2BA, in the West Lake Forest area. 2600, 2604, 2608...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 10202 Perkins Rowe Type: Mixed-Use Price: $41,800,000 ($184,956 / Unit) Buyer: Perkins Rowe Owner LLC Elifin's Notes: Terraces at Perkins Rowe, the 226 unit apartment complex at Perkin's Rowe, sell to Avid Realty Partners, a New York Multifamily investment firm. Tracts 17-A & 18-A Bluebonnet Blvd Type: Land Price: $3,914,475 ($35.95 /...
DOWNLOAD FULL REPORT (PDF) Officially crossing $1 billion in total transaction volume for the second year in a row, the commercial market continues to set 8-year highs in number of transactions and dollar volume. So far in 2022 there have been 458 recorded sale transactions, an 11% increase over last year at this time. Among the property types tracked by this report, Multifamily...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 2212 David Dr Type: Retail Price: $2,665,000 ($276 / SF) Buyer: SHORE CAPITAL REAL ESTATES PARTNERS HOLDCO LLC Elifin's Notes: Chicago-based real estate company acquires a 9,665 sq ft retail property in the Lelia Place area 2413, 2417-2419, 2425, 2445 Aberdeen St Type: Industrial Price: $1,000,000 ($82 / SF) Buyer: KCKB PROPERTIES LLC Elifin's...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 7145 Perkins Rd Type: Office Price: $8,950,000 ($383 / SF) Buyer: Perkins Plaza Development LLC Elifin's Notes: OLOL sells the Lake Surgery Center on Perkins Rd to a business owned in part by Dr. Larry "Chip" Bankston, Jr, local orthopedic surgeon. 249 Richland Avenue Type: Multifamily Price: $1,300,000 ($65,000 / Unit) Buyer: M...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 516, 518-520, 524 Governor Nicholls St Type: Multifamily Price: $2,800,000 ($186,667 / Unit) Buyer: 801 PATTERSON OWNER LLC Elifin's Notes: Local investment group acquires a 15-unit garden apartment property with a unit mix including ten 1BR/1BA, four 2BR/1BA, and one 2BR/2.5BA in the French Quarter area near the historic...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 11271 Reiger Rd Type: Hospitality Price: $10,250,000 ($101,485 / Unit) Buyer: ALH Properties No Twenty Six LP Elifin's Notes: American Liberty Hospitality, a Texas-based hotel development and management company, purchases the Hampton Inn & Suites Baton Rouge off Reiger Rd. 9181 Interline Ave Type: Office Price: $10,030,000 ($364 / SF) Buyer: NGP VII...
November 4, 2022- Baton Rouge, LA – George Bonvillain, Partner – Office Sales & Leasing, is pleased to announce the sale of the former Spanish Moon building in Downtown Baton Rouge. Local full-service design & branding firm TILT has purchased the property at 1109 Highland Road with plans to renovate the space into their new company headquarters. With their continued success...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 1111 Tulane Ave Type: Multifamily Price: $38,000,000 ($226,190 / Unit) Buyer: CBT INVESTORS LLC Elifin's Notes: Covington-based investment group purchases the California Bulding along Tulane Avenue in the Central Business District. The property is a ten-story building, the first floor is devoted to retail space and the remainder has...