A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week Tract A-2-A Siegen Lane Type: Land Price: $1,875,000 ($24.60 / Land SF) Buyer: Aldi Inc Elifin's Notes: Aldi, a German-based grocery store chain, purchases lot near the Siegen Lane Village Shopping Center on the corner of Siegen Lane and I-10. 11512 Lake Sherwood Ave North Type: Office Price: $1,800,000 ($206 / SF) Buyer:...
DOWNLOAD FULL REPORT (PDF) The commercial real estate market is again on pace to break the $1 billion mark in transaction volume for 2022. After the first 6 months of 2022, there have been 280 transactions totaling $614.1mm in transaction volume. Multifamily continues to experience the highest transaction volume at $302.8mm, accounting for 49.3% of the total. The number of...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 3000 July St Type: Portfolio Price: $45,571,200 ($155,004 / Unit) Buyer: BR1 Holdings LLC Elifin's Notes: Virginia-based firm purchase The Bradshaw Apartment complex near the North Gates at LSU. 9771 Jefferson Hwy Type: Multifamily Price: $100 + Other Valuable Consideration Buyer: Jefferson Shadows Partners LLC Elifin's Notes: The Jefferson Shadows Apartments, a 187 unit...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 1540 Canal St; 1565 Cleveland Ave Type: Mixed-Use Price: $13,150,000 ($1,730 / SF) Buyer: ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND Elifin's Notes: At the center of development in the Storyville area along Canal Street, Tulane extends their footprint toward the river by purchasing a full block totalling 1.89 acres,...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 1629 Washington Ave Type: Multifamily Price: $2,400,000 ($96,000 / Unit) Buyer: 1629 Washington Elifin's Notes: Washington Avenue 25-unit complex, a block off of St. Charles Avenue, sells to local investor. 1427-1429; 1435-1437 N Derbigny St Type: Multifamily Price: $1,500,000 ($187,500 / Unit) Buyer: T&N INVESTMENTS LLC Elifin's Notes: Two four-plexes in the Trem é...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 4888 Hooper Rd Type: Multifamily Price: $11,750,000 ($66,761 / Unit) Buyer: 4888 Hooper Road LA LLC Elifin's Notes: California-based investors purchase Hooper Pointe Apartments near the Hooper Rd and Plank Rd intersection. 11021 Plank Road Type: Multifamily Price: $4,000,000 ($55,556 / Unit) Buyer: Edgewood Manor LA LLC Elifin's Notes: Brooklyn-based investor purchases the Edgewood...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 8453 Picardy Ave Type: Multifamily Price: $45,725,000 ($295,000 / Unit) Buyer: RK Dawson Park DST Elifin's Notes: Dawson Park Apartments, a four story 155 unit complex in the health district of Baton Rouge, sells to RK Properties, a California-based multifamily investment company.. 270 Main St Type: Retail Price: $3,361,908 ($1,457 / SF) Buyer:...
June 28, 2022 - Baton Rouge, LA – Currently under construction, Conway Village Center is scheduled to open later in 2022 and will feature several retail suites for businesses seeking proximity to the 344-acre, master-planned community Conway. Situated at the entrance to Conway and fronting Highway 44, this community retail center will create a welcoming atmosphere for visitors and is conveniently...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 1616 North Harco Drive Price: Withheld Buyer: Skyward BR Equities LLC Elifin's Notes: A Brooklyn-based investment group purchases the Oak Village Apartments, a 98 unit complex near BRCC. Price withheld. 1737 La Annie Drive Price: Withheld Buyer: Skyward BR Equities LLC Elifin's Notes: Brooklyn-based investment group purchase Olive Square Apartments, a 96...
June 21, 2022- Baton Rouge, LA – Since 2013, developer Vedant Vasanji has completed work in numerous sectors of real estate including multifamily housing and property management. In January 2018, Vasanji was drawn to the Baton Rouge market after seeing the Greenside Ridge Apartments as a potential opportunity. The 60-unit apartment complex on Prescott Road in North Baton Rouge had...
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