The April 1, 2024 issue covers seven commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: BEVOLO GAS & ELECTRIC LIGHTS LLC bought a commercial property at 520 Conti Street in the French Quarter. Land led the week with three of the seven sales, including 0.3-plus acres with a small improvement at Esplanade Avenue...
The April 1, 2024 issue covers three commercial sales recorded across Baton Rouge and Ascension the previous week. The headline deal: Cothern Enterprises LLC, a local investor, bought an industrial property on South Harrell's Ferry Road. Industrial accounted for two of the three sales, including one on South Choctaw Drive bought by local real estate agents and investors Lawrence Maestri...
The March 25, 2024 issue covers nine commercial sales recorded across Lafayette the previous week. The headline deal: DOUG ASHY BUILDING MATERIALS INC bought a pair of commercial buildings on over 11 acres near its primary complex on Johnston Street. Office led the week with three of the nine sales, including the Vermilion Conference Center, the former seat of the...
The March 25, 2024 issue covers seven commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: FC HARVEY LLC bought The Waters at Manhattan, a 360-unit multifamily property at 1499 Central Park Boulevard in Harvey. Multifamily and office led the week with two sales each, including the sale of the Timber Ridge Apartment Complex...
The March 25, 2024 issue covers eight commercial sales recorded across Baton Rouge and Ascension the previous week. The headline deal: The Mirage Villa Apartments LLC, a group of local investors, bought The Mirage Villa Apartments, a 77-unit complex on Florida Boulevard near Sharp Lane. Multifamily led the week with four of the eight sales, including a mobile home park...
A Modified Gross Lease is a type of commercial lease agreement where the tenant pays a base rent along with a specified combination of the operating expenses associated with the property. These expenses can include utilities, maintenance, insurance, and taxes. The unique aspect of this lease is the negotiation flexibility it offers, allowing tenants and landlords to tailor the agreement...
In the commercial real estate world, It is important to understand the classification of various properties. This is especially true for unique properties like churches, which serve specific purposes and hold special places in communities. A common question that arises is whether churches are considered commercial or residential properties. The Classification of Churches in Real Estate Churches are generally classified as commercial...
Overall Dollar Volume is up 1.79% The trailing 12 month total dollar volume of sales was $682.1M at the end of Feb 2024 vs. $670.1M at the end of the prior month. Overall Deal Velocity is steady The trailing 12 month sale count was 403 at the end of Feb 2024. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2024/03/Market-Report-New-Orleans-LA-February-2024.pdf" attachment_id="10903" viewer_width=100% viewer_height=800px fullscreen=true download=true print=true]...
Overall Dollar Volume is up 3.62% The trailing 12 month total dollar volume of sales was $610.9M at the end of Feb 2024 vs. $589.6M at the end of the prior month. Overall Deal Velocity is up 0.48% The trailing 12 month sale count was 415 at the end of Feb 2024 vs. 413 at the end of the prior month. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2024/03/Market-Report-Baton-Rouge-LA-February-2024.pdf" attachment_id="10901"...
The March 18, 2024 issue covers five commercial sales recorded across Lafayette the previous week. The headline deal: MD4 PROPERTIES LLC, a pair of Youngsville-based investors, bought a newly constructed building on Camellia Boulevard with two office suites and two 3BR/3BA residential units. Land led the week with three of the five sales, including 9+ acres behind the Carencro Sports...
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