The multifamily sector is one that normally remains strong. As the population in the United States grows and the economy changes, one thing remains constant, people need a place to live. In the past 5 years, there have been varying trends that have impacted the multifamily sector as a whole, mainly due to the generation that make up the majority...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 8059 Summa Ave (Unit D) $106,000 Buyer: Sis-Kath LLC $105/SF Elifin's Notes: Office building sold in the Essen Plaza Condominium office park. 447 Oak Plaza Blvd. Brusly, LA $430,000 Buyer: Withheld $215/SF Elifin's Notes: Caffe Maison building, next to Walk-On's, off Highway 1 in Brusly. 8282 Goodwood Blvd $5,000,000 Buyer: 8282 Goodwood LLC $62/SF Elifin's Notes: GEC's office building...
You may have thought about investing in commercial real estate. Many people have found incredible success in the industry and it is a great way to achieve your financial goals for an entrepreneurial-minded individual. As a self-starter, education is important and taking the time to learn about the industry can provide priceless knowledge and tips on becoming successful that you...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week Florida St at N Acadian Thwy $405,000 Buyer: Clean Ride LLC $38/SF Elifin's Notes: Vacant retail building across from BR General Mid-City purchased by Todd Graves and Robert Daigrepont, Jr. 1023 Lobdell Blvd $159,000 Buyer: Whitmore Investments LLC $26/SF Elifin's Notes: Office building on Lobdell Blvd sold to Whitmore Investment firm. 13112 Morlaix Ct $400,000 Buyer: NLJG...
Coworking has become a true buzzword over the past few years since the term was coined in 2005 by Brad Neuberg, the originator of the co-working space. Coworking can be defined as any office or work environment that is shared by various employees. Since its inception in 2005, studies show that there are now more than 18,000 coworking spaces worldwide. In...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 2875 Iowa St $580,000 Buyer: MAD Investments Inc $39/SF Elifin's Notes: 20 unit apartment complex located in the Nicholson corridor near LSU. 10020 Mammoth Ave $320,000 Buyer: Centerfire Solutions LLC $38/SF Elifin's Notes: NNN leased investment industrial building sold off South Choctaw Dr. 550, 552 Oak Villa Blvd $329,000 Buyer: Edgar D. Serrano $47/SF Elifin's Notes: Multi-tenant property one...
Whether you’re a commercial real estate developer, property owner, or investor, it only makes sense to try to increase the value of your multifamily property prior to putting it on the market for sale. However, in today’s day and age of technological advances, there are a number of “smart” ways to enhance your multifamily property that go far beyond the...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 3149, 3151 College Dr $1,650,000 Buyer: Vemuri LLC $130/SF Elifin's Notes: College Creek shopping center sold following foreclosure for $1.65 million 15005 Plank Rd $65,000 Buyer: HBH Holding Company LLC $30/SF Elifin's Notes: Flooded, distressed property sold on Plank Road in Baker 12466, 12468 Warfield Ave $95,000 Buyer: Samuel Diaz Property, LLC $48/SF Elifin's Notes: Duplex sold on Warfield...
Its no secret that E-commerce has become a force to be reckoned with in recent years. In fact, last year online sales of physical products surpassed $500 billion and are projected to eclipse $735 billion by 2023 according to a report done by Statisa. The unquestioned e-commerce leader, Amazon, hit a $1 Trillion market cap last year, joining only Apple...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week ADDRESS PRICE BUYER SELLER $/SQFT ELIFIN'S NOTES 8323 O'Hara Court $242,000 High Island Meerkats LLC Piperfield's Properties, LLC $93.87 A small, stand alone office building in Tara Place office park 1600 Cottondale Dr $75,000 Husam Sadek and Haneen Bsiasu 1533 Cottondale, LLC $4.49 Corner lot zoned C2 in Broadmoor Plaza Subdivision off of Airline Hwy 9679 Airline Hwy Withheld 9679 Airline Hwy LLC Dallas Salsbury Family...