News

26 Dec The Pulse BR: Retail center on Monterrey Blvd sold

Posted at 08:37h 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 10235 Jefferson Hwy (Building 5) Type: Office Price: $2,000,000 ($372 / SF) Buyer: GLIM LLC Elifin's Notes: Local investor purchases office building in the Metro Office Park. 850 North Blvd Type: Office Price: $460,000 ($136 / SF) Buyer: Royal Engineers and Consultants LLC Elifin's Notes: Royal Engineers and Consultants purchases B-1 zoned office near...

21 Dec Commercial Sales Report – November 2022

Posted at 09:54h in Insights, Market Report: Baton Rouge, Research, The Sales Report by ELIFIN® 0 Comments

DOWNLOAD FULL REPORT (PDF) At 34 total recorded commercial sales, November was among the slowest of 2022 along with October and February. The most active month so far this year is June, with 60 recorded sales. Transaction volume for November was $129.5 million–a 124% increase from October– bringing the total commercial sales volume to an 8-year high of $1.14 billion. Multifamily property accounts...

19 Dec The Pulse NOLA: Large medical facility on Poydras sold

Posted at 09:13h 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 516 Natchez St Type: Multifamily Price: $2,850,000 ($475,000 / Unit) Buyer: MIURA LLC Elifin's Notes: Local investor acquires a three-story six unit luxury apartment building with 1BR/1BA and 2BR/2.5BA configurations in the Central Business District area. 1641 Poland Ave; 1604 Kentucky St Type: Industrial Price: $1,750,000 ($65 / SF) Buyer: R&C BUILDING MATERIALS...

19 Dec The Pulse BR: Embassy Suites on Constitution Ave sold

Posted at 09:07h 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 7808 Howell Blvd Type: Retail Price: $750,000 ($124 / SF) Buyer: Montecristo Cigar Bar & Bistro LLC Elifin's Notes: Monecristo Cigar Bar & Bistro owner purchases the restaurant/bar's property near the Baton Rouge airport. 1095 S Flannery Rd Type: Retail Price: $560,000 ($112 / SF) Buyer: Rina Kim Property LLC Elifin's Notes: Local investor...

12 Dec The Pulse NOLA: Holiday Inn Express near MSY Airport sells

Posted at 09:13h 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 1801 32nd St Type: Hospitality Price: $9,800,000 ($93,333 / Unit) Buyer: VIVEK&JAY LA LLC Elifin's Notes: Local investor acquires the Holiday Inn Express - Kenner New Orleans Airport property, with 105 rooms, in the Highway Park area 744, 748 Camp St, New Orleans, LA 70130 Type: Mixed-Use Price: $2,250,000 ($101 / SF) Buyer:...

12 Dec The Pulse BR: Vacant Sherwood Forest bank property sells for 2mm

Posted at 09:13h 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 5423 S Sherwood Forest Blvd Type: Retail Price: $2,000,000 ($277 / SF) Buyer: Baton Rouge Vet Center LLC Elifin's Notes: Illinois-based investor purchases former Neighbors Credit Union on the corner of S Sherwood Forest Blvd and Market Place Ave 4323 Burbank Dr Type: Retail Price: $1,446,888 ($629 / SF) Buyer: Coflo Properties LLC Elifin's...

05 Dec The Pulse NOLA: Hobby Lobby purchases historic building on Magazine Street

Posted at 09:46h 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 1556 Lapalco Blvd Type: Retail Price: $3,466,667 ($254 / SF) Buyer: NATIONAL RETAIL PROPERTIES LP Elifin's Notes: Maryland-based corporation acquires the approximately 13,653 sq ft Walgreens building retail property in the Harvey area 1420 Lapalco Blvd Type: Land Price: $1,170,000 ($11.83 / Land SF) Buyer: BUSINESS PROPERTY LLC Elifin's Notes: Local investor purchases 2.27...

05 Dec The Pulse BR: 5.5 million in new construction at local Catholic church

Posted at 09:41h 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 6630 Siegen Lane Type: Multifamily Price: $39,500,000 ($126,603 / Unit) Buyer: Hidden Oaks Owner LLC Elifin's Notes: The Hidden Oaks at Siegen, a 312 unit apartment complex, sells to CLK Properties, a New York-based real estate investment firm. 6551 Bluebonnet Blvd Type: Retail Price: $2,700,000 ($264 / SF) Buyer: Halle Properties LLC Elifin's Notes:...

28 Nov The Pulse BR: Former Hancock Whitney on Industriplex sells

Posted at 09:15h 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 11033 Industriplex Blvd Type: Retail Price: $800,000 ($207 / SF) Buyer: AGP Investments LLC Elifin's Notes: Former bank branch on Industriplex Blvd sells to local investor. 6074 Stumberg Lane Type: Mixed-Use Price: $500,000 ($142 / SF) Buyer: Raymond L Shepherd Jr and Kathy Morrow Shepherd Elifin's Notes: Local couple purchases office building off Stumberg...

28 Nov The Pulse NOLA: Land sold near MSY Airport

Posted at 09:15h 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 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...