// Article originally appeared in New Orleans City Business on August 21, 2023 Permits were granted this week with regards to temporary structures from 400-700 North Claiborne Avenue, in the way of bathrooms, storage containers for portable items, including a stage with ADA ramp, kiosks, hand washing stations, convenience sinks, trash receptacles, tables, and chairs. Congregation on North Claiborne Avenue has...
DOWNLOAD FULL REPORT (PDF) Overall Dollar Volume is down 8.5% The trailing 12 month total dollar volume of sales was $789.4M at the end of Jul 2023 vs. $862.7M at the end of the prior month. Overall Deal Velocity is down 5.88% The trailing 12 month sale count was 416 at the end of Jul 2023 vs. 442 at the end of the prior...
DOWNLOAD FULL REPORT (PDF) Overall Dollar Volume is down 1.52% The trailing 12 month total dollar volume of sales was $838.0M at the end of Jul 2023 vs. $850.9M at the end of the prior month. Overall Deal Velocity is down 5.0% The trailing 12 month sale count was 456 at the end of Jul 2023 vs. 480 at the end of the prior...
The August 21, 2023 issue covers nine commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $3.9M in disclosed volume. The headline deal: WOODMERE DAYCARE L L C, a Harvey-based investor, paid $1.4M ($100,000/unit) for a 14-unit multifamily property at 8520 Hickory Street in the Leonidas area. Retail led the week with four of the nine...
The August 21, 2023 issue covers seven commercial sales recorded across Baton Rouge the previous week, totaling $14.1M in disclosed volume. The headline deal: Agree Central LLC, for Michigan-based real estate investment firm Agree Realty, paid $6.52M ($343.41/SF) for the Tractor Supply on Main Street in Zachary. Retail and office led with three sales each, as Gaming & Leisure Properties...
The August 21, 2023 issue covers seven commercial sales recorded across Lafayette the previous week, totaling $2.91M in disclosed volume. The headline deal: LAF-CITY, the City of Lafayette, paid $1.45M ($68.36/SF) for a two-story, 12-unit office building near the corner of West Congress Street and Guilbeau Road. Land led the week with three of the seven sales, including a vacant...
The August 14, 2023 issue covers fourteen commercial sales recorded across Lafayette the previous week, totaling $9.24M in disclosed volume. The headline deal: 110 CAPITAL M LLC paid $2.96M ($46.74/SF) for a pair of large office buildings on Capitol Drive near Feu Follet Road. Land led the week with five of the fourteen sales, including a 3.4+ acre parcel in...
The August 14, 2023 issue covers seven commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $5.89M in disclosed volume. The headline deal: GRETNA OFFICE COMPLEX LLC paid $2.7M ($60.00/SF) for an office building at 2550 Belle Chasse Highway in Gretna. Office and retail led the week with two sales each, while the Greystone Manor Apartments...
The August 14, 2023 issue covers four commercial sales recorded across Baton Rouge the previous week, totaling $14.3M in disclosed volume. The headline deal: NMP-Goodwood LLC, a local investor, paid $11M ($59,783/unit) for Goodwood Place Apartments, a 184-unit complex on Apartment Court Drive off Government Street. All four sales were multifamily, as the same buyer also bought Marquette Place, a...
// Article originally appeared in New Orleans City Business on August 7, 2023 Permits pertaining to a new hotel at 3500 St. Charles Ave. were issued on July 25. The site was formerly improved with a mixed-use office property of no historic importance prior to it being razed and advertised for ground lease. Plans were announced in Fall of 2022 with...
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