News

24 Jul The Pulse BR: Multifamily developer purchases 6 acres on Picardy Ave

Posted at 09:22h 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 Tract 2X Picardy Ave Type: Land Price: $6,175,000 ($22.15 / Land SF) Buyer: The Heights at Picardy LLC Elifin's Notes: The STOA Group, a Hammond-based multifamily development firm, purchase 6+ acres on Picardy Ave. 11412 Lake Sherwood Ave N Type: Office Price: $710,000 ($151.39 / SF) Buyer: LSABR LLC Elifin's Notes: Creekstone Office Park...

17 Jul The Pulse LFT: The Axis Lafayette apartments on Theater Street sell

Posted at 09:07h 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 200 Theater St Type: Multifamily Price: $10,950,000 ($20,897 / Unit) Buyer: ACADIA BEND LLC Elifin's Notes: The Axis Lafayette, apartment complex, sells to an Alabama-based entity for $10.95 MM near Cajun Field off of Theater Street, named for the once famous Westwood Theater 1921 Kaliste Saloom Rd, Suite 124 Type: Retail Price: $481,000...

17 Jul The Pulse NOLA: Travelodge Hotel in West Harvey sells

Posted at 08:58h 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 2200 Westbank Expy Type: Hospitality Price: $4,300,000 ($20,283 / Unit) Buyer: SHREE MAA AMBE LLC Elifin's Notes: Entity purchases the Travelodge Hotel in West Harvey 2231 Peters Rd Type: Industrial Price: $1,100,000 ($31.28 / SF) Buyer: 2231 PETERS ROAD LLC Elifin's Notes: Local industrial business owner purchases an industrial property with warehouse and office...

17 Jul The Pulse BR: The Lodges at 777 on Ben Hur sell

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 777 Ben Hur Road Type: Multifamily Price: $84,400,000 ($220,942 / Unit) Buyer: LMP Baton Rouge Property Owner LLC Elifin's Notes: The Lodges at 777, a 382 unit apartment complex near LSU's campus, sells to Landmark Properties, a Georgia-based multifamily investment firm. 18222 E Petroleum Dr Type: Industrial Price: $3,800,000 ($124.50 / SF) Buyer:...

10 Jul Top Permits issued in the New Orleans area, July 10, 2023

Posted at 16:33h in Commercial, News, Research by ELIFIN® 0 Comments

// Article originally appeared in New Orleans City Business on July 10, 2023 Prior to the Fourth of July holiday, permits were issued to 921 Canal Street for continuing renovations to guestrooms, corridors, and a lounge area refresh. With a planned completion for late 2023, these upgrades are the latest in a slew of upgrades being performed at the Ritz-Carlton. In...

10 Jul The Pulse LFT: Three more downtown properties sold on Jefferson St

Posted at 09:10h 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 315 S College Rd Type: Office Price: $3,500,000 ($62.38 / SF) Buyer: JCD FAMILY PROPERTY HOLDINGS LLC; BILLET LLC Elifin's Notes: Lafayette investors team up to purchase an office building off of South College Drive 417 Jefferson St Type: Retail Price: $1,158,000 ($116.97 / SF) Buyer: GROUSE ROOM LLC THE Elifin's Notes: Entity purchases restaurant/bar...

10 Jul The Pulse NOLA: Land sells on Elmwood Park for 1mm

Posted at 09:04h 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 1090 Elmwood Park Blvd Type: Land Price: $1,000,000 ($25.51 / Land SF) Buyer: JEFFERSON PARISH EMPLOYEES FEDERAL CREDIT UNION Elifin's Notes: Nearly an acre of vacant commercial land sells in the Elmwood Industrial Park area 1418 Magazine St Type: Mixed-Use Price: $800,000 ($252.05 / SF) Buyer: Midcity Holdings, LLC of LA Elifin's Notes: Mixed...

10 Jul The Pulse BR: 364 acres purchased for new neighborhood

Posted at 08:43h 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 Old Scenic Hwy at Groom Rd Type: Land Price: $2,750,000 ($0.18 / Land SF) Buyer: Trivento Development LLC Elifin's Notes: Developer Arthur Lancaster purchases 364 acres on the corner of Old Scenic Hwy and Groom Rd with plans to develop a residential neighborhood. 12110 Old Hammond Hwy Type: Retail Price: $400,000 ($55.17...

07 Jul Mayor-President to attend Mid City Tower Ribbon Cutting and Grand Opening

Posted at 11:19h in News, Press Releases by ELIFIN® 0 Comments

July 7, 2023- Baton Rouge, LA – Fabian Edwards, Office Specialist at ELIFIN®, is pleased to announce the official ribbon cutting ceremony and grand opening celebration of the newly renovated Mid City Tower, located at 5700 Florida Blvd, Baton Rouge, 70806. Over the last two years, owner Mike Leggett has brought the nearly 80,000 square foot Mid City Tower through an...

03 Jul The Pulse BR: 8-story office building on Florida Blvd sold

Posted at 09:19h 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 11720 Perkins Rd Type: Land Price: $1,600,000 ($11.62 / Land SF) Buyer: Jonathan Cheplak Elifin's Notes: Nevada-based buyer purchases a commercially zoned lot of 3+ acres on Perkins Rd. 10313 Jefferson Hwy Type: Land Price: $615,000 ($9.35 / Land SF) Buyer: DO Jefferson LLC Elifin's Notes: Local investors purchase 1.5+ acres on Jefferson Hwy. 5835...