News

07 Jul The Pulse BR: 77-Room hotel sells near BTR

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 and Ascension. Commercial Sales Recorded Last Week 2949 Varsity St, Baton Rouge, LA 70807 Type: Hospitality Price: $1,400,000 ($18,182 / Unit) Buyer: Brothers Hospitality LLC Elifin's Notes: A hotel property with 77 rooms changes ownership across from the Baton Rouge Metropolitan Airport. Tract A Hwy 22, Darrow, LA 70725 Type: Land Price: $1,392,000 ($0.36 / Land SF) Buyer:...

01 Jul Restoration 1 Purchases New Facility as Rapid Growth Continues

Posted at 09:04h in News, Press Releases by ELIFIN® 0 Comments

July 1, 2025- Baton Rouge, LA – ELIFIN® is pleased to announce the successful sale of 12320 South Choctaw Dr in Baton Rouge to David and Marissa Hofstetter, owners of Restoration 1 of East Baton Rouge. The purchase reflects the company’s continued rapid growth and expansion as they scale operations to meet rising demand across the region. The ±15,000 SF facility...

30 Jun The Pulse LFT: Donut shop property sells on Johnston Street

Posted at 09:15h 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 110 Rue Jean Lafitte, Lafayette, LA 70508 Type: Office Price: $1,700,000 ($91.89 / SF) Buyer: JA PROPERTY MANAGEMENT LLC Elifin's Notes: JA Property Management LLC acquires an office property along with a vacant parcel on Rue Jean Lafitte. 206 Cummings Rd, Broussard, LA 70518 Type: Industrial Price: $1,265,000 ($83.92 / SF) Buyer: ROSEMARIE PETTIT...

30 Jun The Pulse NOLA: 718-Unit multifamily property sells

Posted at 09:14h 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 888 Terry Pkwy, Terrytown, LA 70056 Type: Retail Price: $2,660,000 ($243.01 / SF) Buyer: DALAHN 2 LLC Elifin's Notes: A local investor purchases the CVS Property on the Terry Parkway in Terrytown. 3127, 3129 Short St, New Orleans, LA 70125 Type: Retail Price: $1,700,000 ($256.80 / SF) Buyer: ALLISON & GLENN INC Elifin's Notes:...

30 Jun The Pulse BR: Newly-built Take 5 property changes hands

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 and Ascension. Commercial Sales Recorded Last Week 5811 Creek Centre Dr, Baton Rouge, LA 70820 Type: Land Price: $2,000,000 ($45.06 / Land SF) Buyer: JP Morgan Chase Bank Elifin's Notes: JP Morgan Chase Bank acquires a 1+ acre parcel of commercial vacant land off Burbank Drive near Lee Drive. 9728 Sullivan Rd, Baton Rouge, LA...

27 Jun Market Report – New Orleans, LA – May 2025

Posted at 10:00h in Insights, Market Report: New Orleans, Research by ELIFIN® 0 Comments

Overall Dollar Volume is down 3.67% The trailing 12 month total dollar volume of sales was $727.2M at the end of May 2025 vs. $755.0M at the end of the prior month. Overall Deal Velocity is down 0.58% The trailing 12 month sale count was 512 at the end of May 2025 vs. 515 at the end of the prior month. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2025/06/Market-Report-New-Orleans-LA-May-2025.pdf" attachment_id="17554"...

27 Jun Market Report – Baton Rouge, LA – May 2025

Posted at 09:59h in Insights, Market Report: Baton Rouge, Research by ELIFIN® 0 Comments

Overall Dollar Volume is up 25.74% The trailing 12 month total dollar volume of sales was $542.7M at the end of May 2025 vs. $431.6M at the end of the prior month. Overall Deal Velocity is up 3.72% The trailing 12 month sale count was 362 at the end of May 2025 vs. 349 at the end of the prior month. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2025/06/Market-Report-Baton-Rouge-LA-May-2025.pdf" attachment_id="17556"...

27 Jun Market Report – Lafayette, LA – May 2025

Posted at 09:58h in Insights, Market Report: Lafayette, Research by ELIFIN® 0 Comments

Overall Dollar Volume is up 5.96% The trailing 12 month total dollar volume of sales was $328.0M at the end of May 2025 vs. $309.5M at the end of the prior month. Overall Deal Velocity is up 4.32% The trailing 12 month sale count was 314 at the end of May 2025 vs. 301 at the end of the prior month. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2025/06/Market-Report-Lafayette-LA-May-2025.pdf" attachment_id="17555"...

23 Jun The Pulse LFT: Breaux’s Mart grocery store sells

Posted at 09:27h 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 2600 Moss St, Lafayette, LA 70501 Type: Retail Price: $587,260 ($31.23 / SF) Buyer: MELCHAN PROPERTIES LLC Elifin's Notes: Melchan Properties LLC acquires the Breaux's Mart grocery store on Moss Street. 205 Ambassador Caffery Pkwy, Scott, LA 70583 Type: Land Price: $300,000 ($7.83 / Land SF) Buyer: WINDRUSH AMBASSADOR LAFAYETTE LLC Elifin's Notes: Windrush Ambassador...

23 Jun The Pulse BR: Atlas Dermatology purchases their new Prairieville office

Posted at 09:24h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 2888 Dougherty Dr, Baton Rouge, LA 70805 Type: Multifamily Price: $4,950,000 ($27,049 / Unit) Buyer: Pine Square Villas, LLC Elifin's Notes: The 183-unit Pine Square Apartment complex sells within the Mid City North area. 14151 Hwy 73, Prairieville, LA 70769 Type: Office Price: $2,135,925 ($280.67 / SF)...