The June 3, 2024 issue covers five commercial sales recorded across Lafayette the previous week, totaling $4M in disclosed volume. The headline deal: PATHWAY CHURCH INC paid $1.83M ($146.46/SF) for the property it occupies on Southcity Parkway. Multifamily led the week with two of the five sales, an 18-unit property in Scott bought by CASTLE ROW LLC for $1.09M and...
The June 3, 2024 issue covers eight commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $7.41M in disclosed volume. The headline deal: PG REALTY PRO LLC, a local entrepreneur, paid $4.1M ($53,947/unit) for the Gilmore Park Apartments at 1315 Southlawn Boulevard near Delgado Community College on the West Bank. Retail and office led the week...
The June 3, 2024 issue covers twelve commercial sales recorded across Baton Rouge and Ascension the previous week, totaling $15.2M in disclosed volume. The headline deal: Casso Enterprises LLC paid $4.2M ($148.94/SF) for two non-adjacent properties in the Copperhead Industrial area in Geismar. Industrial led the week with six of the twelve sales, including Casso Enterprises' second purchase, two neighboring...
The May 27, 2024 issue covers seven commercial sales recorded across Lafayette the previous week, totaling $1.95M in disclosed volume. The headline deal: VALE REAL ESTATE INVESTMENTS LLC paid $630K ($58.70/SF) for a multi-tenant office building in the Oil Center at the corner of Coolidge Street and East Saint Mary Boulevard. Office led the week with three of the seven...
The May 27, 2024 issue covers ten commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $5.2M in disclosed volume. The headline deal: 3216 3304 WEST ESPLANADE LLC paid $2.8M ($170.94/SF) for the Petite Esplanade Shopping Center at 3216 and 3304 West Esplanade Avenue in Metairie. Retail led the week with three of the ten sales,...
The May 27, 2024 issue covers five commercial sales recorded across Baton Rouge and Ascension the previous week, totaling $4.84M in disclosed volume. The headline deal: 5298 Highland Rd LLC, a New York-based investor, paid $3.55M ($287.80/SF) for the Walgreens on the corner of Highland Road and Lee Drive. Retail and industrial accounted for two sales each, including an industrial...
Overall Dollar Volume is steady The trailing 12 month total dollar volume of sales was $731.5M at the end of Apr 2024. Overall Deal Velocity is steady The trailing 12 month sale count was 398 at the end of Apr 2024. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2024/05/Market-Report-New-Orleans-LA-April-2024.pdf" attachment_id="11598" viewer_width=100% viewer_height=800px fullscreen=true download=true print=true]...
Overall Dollar Volume is down 7.73% The trailing 12 month total dollar volume of sales was $545.8M at the end of Apr 2024 vs. $591.5M at the end of the prior month. Overall Deal Velocity is steady The trailing 12 month sale count was 397 at the end of Apr 2024. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2024/05/Market-Report-Baton-Rouge-LA-April-2024.pdf" attachment_id="11597" viewer_width=100% viewer_height=800px fullscreen=true download=true print=true]...
The May 20, 2024 issue covers seven commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $3.88M in disclosed volume. The headline deal: BIG EASY INVESTMENTS LLC OF NEW MEXICO paid $1.93M ($234.76/SF) for a mixed-use property with a street-level restaurant space occupied by Daisy Dukes Cafe and three upper-floor apartments at 308 Saint Charles Avenue....
The May 20, 2024 issue covers three commercial sales recorded across Lafayette the previous week, totaling $1.25M in disclosed volume. The headline deal: MAPLE LEAF LIVING LLC, a pair of local investors, paid $805K ($67,117/unit) for the 12-unit Maple Leaf Apartments on Eraste Landry Road. Land led the week with two of the three sales, as a pair of parcels...
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