News

23 Oct The Pulse BR: Hotel on Harding Blvd sells for 3.7mm

Posted at 08:57h 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 3444 Harding Blvd Type: Hospitality Price: $3,700,000 ($47,436 / Unit) Buyer: Maruti Hotel LLC Elifin's Notes: Microtel Inn & Suites, a 78-unit hotel, sells at the corner of Howell Blvd and Harding Rd. 7077 S Choctaw Dr Type: Industrial Price: $2,851,983 ($38.03 / SF) Buyer: Ryan Jumonville Elifin's Notes: Destin-based investor purchases facility on...

23 Oct The Pulse LFT: Large industrial property sells for 2mm

Posted at 08:56h 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 401 Apollo Rd Type: Industrial Price: $2,000,000 ($24.54 / SF) Buyer: RANDOLPH MCCORMICK REALTY INC Elifin's Notes: An 81,000+ sq ft, industrial property sells along Apollo Road in Scott 700 E Milton Ave Type: Land Price: $525,000 ($1.16 / Land SF) Buyer: ALLIES DEVELOPMENT & CONSULTING LLC Elifin's Notes: A pair of local individuals purchase...

20 Oct Market Report – New Orleans, LA – September 2023

Posted at 07:59h in Market Report: New Orleans, Research by ELIFIN® 0 Comments

DOWNLOAD FULL REPORT (PDF) Overall Dollar Volume is down 4.62% The trailing 12 month total dollar volume of sales was $700.4M at the end of Sep 2023 vs. $734.4M at the end of the prior month. Overall Deal Velocity is up 4.36% The trailing 12 month sale count was 407 at the end of Sep 2023 vs. 390 at the end of the prior...

20 Oct Market Report – Baton Rouge, LA – September 2023

Posted at 07:56h in Market Report: Baton Rouge, Research by ELIFIN® 0 Comments

DOWNLOAD FULL REPORT (PDF) Overall Dollar Volume is down 16.13% The trailing 12 month total dollar volume of sales was $680.8M at the end of Sep 2023 vs. $811.8M at the end of the prior month Overall Deal Velocity is down 3.63% The trailing 12 month sale count was 425 at the end of Sep 2023 vs. 441 at the end of the prior...

16 Oct Top Permits issued in the New Orleans area, October 16, 2023

Posted at 13:35h in Commercial, News, Research by ELIFIN® 0 Comments

// Article originally appeared in New Orleans City Business on October 16, 2023 Interior work has been permitted to begin at 714 Baronne St., the ground-floor, retail component of 710 Baronne St., itself a 69,000-square-foot redevelopment in the Warehouse District. In addition to the 9,000 square feet of commercially used space, 46,000 square feet on the upper levels are being built...

16 Oct The Pulse BR: Central shopping center sells for 2.6mm

Posted at 08:47h 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 14790 Wax Rd Type: Retail Price: $2,600,000 ($135.42 / SF) Buyer: Wax Pointe LLC Elifin's Notes: Local investor purchases shopping center in Central anchored on both ends by Las Palmas and Johnny's Pizza. 5215 Perkins Rd Type: Retail Price: $1,628,000 ($266.89 / SF) Buyer: Shore Capital Real Estate Partners Holdco LLC Elifin's Notes: Perkins...

16 Oct The Pulse NOLA: Burlington Coat Factory property sells for 13mm in Metairie

Posted at 08:46h 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 2840 Veterans Memorial Blvd Type: Retail Price: $13,078,000 ($328.59 / SF) Buyer: AGREE CENTRAL LLC Elifin's Notes: A Michigan-based entity purchases the former Burlington Coat Factory property in Metairie 251 Barry Ave Type: Multifamily Price: $2,550,000 ($79,688 / Unit) Buyer: BARCELLONA REALTY LLC Elifin's Notes: The Riverside Commons, a 32-unit multifamily apartment complex in...

16 Oct The Pulse LFT: Celebrity Theatres in Broussard sold to local entity

Posted at 08:44h 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 104 Tas St Type: Industrial Price: $1,000,000 ($114.36 / SF) Buyer: PITRE REAL ESTATE LLC Elifin's Notes: An industrial property sells in Scott 969 Coolidge Blvd Type: Office Price: $675,000 ($110.66 / SF) Buyer: EMB INVESTMENTS LLC Elifin's Notes: A group of lawyers join together to purchase an office building previously occupied by the The...

09 Oct The Pulse BR: Phoenix-based firm purchases large mobile home community

Posted at 13:00h 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 9261 Baringer Foreman Rd Type: Land Price: $1,270,000 ($2.27 / Land SF) Buyer: Kodiak Business Park LLC Elifin's Notes: Prairieville-based developer purchases nearly 13 acres on Barringer Foreman Rd with plans for a new business park. 8026 Picardy Ave Type: Office Price: $1,200,000 ($255.32 / SF) Buyer: Picardy Tres LLC Elifin's Notes: Cajun Industries...

09 Oct The Pulse LFT: The City of Broussard acquires energy service properties

Posted at 09:03h 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 5801 Highway 90 E Type: Industrial Price: $5,300,000 Buyer: BROUSSARD CITY OF Elifin's Notes: The City of Broussard has acquired the properties previously owned and occupied by Superior Energy Services off of US 90 which include four buildings and a 3.8+ acre parcel of vacant land 201 S Bud St Type: Land Price:...