The July 24, 2023 issue covers one commercial sale recorded across Lafayette the previous week, totaling $225K in disclosed volume. The headline deal: CLOTEAUX PROPERTIES LLC, a local investor, paid $225K ($2.46/Land SF) for 2.1+ acres off Johnston Street between the Best Buy and the Acadiana Mall. The land purchase was the only sale recorded that week....
The July 24, 2023 issue covers nine commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $20.7M in disclosed volume. The headline deal: Huntington Park 23 LLC, a Northeastern-based investor, paid $15M ($93,750/unit) for the Huntington Park apartments at 7019 Crowder Boulevard in the Little Woods area. Retail led the week with five of the nine...
The July 24, 2023 issue covers three commercial sales recorded across Baton Rouge the previous week, totaling $7.31M in disclosed volume. The headline deal: The Heights at Picardy LLC, for Hammond-based multifamily development firm The STOA Group, paid $6.18M ($22.15/Land SF) for more than six acres on Picardy Avenue. The other two sales were offices: a Creekstone Office Park building...
The July 17, 2023 issue covers seven commercial sales recorded across Lafayette the previous week, totaling $12.6M in disclosed volume. The headline deal: ACADIA BEND LLC, an Alabama-based entity, paid $11M ($20,897/unit) for The Axis Lafayette apartment complex on Theater Street near Cajun Field. Multifamily and land each made up two of the seven sales, while a retail condominium unit...
The July 17, 2023 issue covers eleven commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $7.76M in disclosed volume. The headline deal: SHREE MAA AMBE LLC paid $4.3M ($20,283/unit) for the Travelodge Hotel at 2200 Westbank Expressway in West Harvey. Retail led the week with five of the eleven sales, including two car wash properties...
The July 17, 2023 issue covers eleven commercial sales recorded across Baton Rouge the previous week, totaling $94M in disclosed volume. The headline deal: LMP Baton Rouge Property Owner LLC, for Georgia-based multifamily investment firm Landmark Properties, paid $84.4M ($220,942/unit) for The Lodges at 777, a 382-unit apartment complex on Ben Hur Road near LSU's campus. Multifamily and retail led...
// Article originally appeared in New Orleans City Business on July 10, 2023 Prior to the Fourth of July holiday, permits were issued to 921 Canal Street for continuing renovations to guestrooms, corridors, and a lounge area refresh. With a planned completion for late 2023, these upgrades are the latest in a slew of upgrades being performed at the Ritz-Carlton. In...
The July 10, 2023 issue covers nine commercial sales recorded across Lafayette the previous week, totaling $8.1M in disclosed volume. The headline deal: JCD FAMILY PROPERTY HOLDINGS LLC and BILLET LLC, Lafayette investors, paid $3.5M ($62.38/SF) for an office building on South College Road. Multifamily led the week with three of the nine sales, including The Pines Apartments in Broussard,...
The July 10, 2023 issue covers thirteen commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $6.77M in disclosed volume. The headline deal: JEFFERSON PARISH EMPLOYEES FEDERAL CREDIT UNION paid $1M ($25.51/Land SF) for nearly an acre of vacant commercial land at 1090 Elmwood Park Boulevard in the Elmwood Industrial Park area. Land, multifamily and office...
The July 10, 2023 issue covers three commercial sales recorded across Baton Rouge the previous week, totaling $3.4M in disclosed volume. The headline deal: Trivento Development LLC, for developer Arthur Lancaster, paid $2.75M ($0.18/Land SF) for 364 acres at Old Scenic Highway and Groom Road, with plans to develop a residential neighborhood. The other two sales were a retail property...
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