The May 29, 2023 issue covers five commercial sales recorded across Lafayette the previous week, totaling $2M in disclosed volume. The headline deal: J&A COMMERCIAL HOLDINGS LLC paid $710K ($69.34/SF) for a multi-unit retail property at the corner of Kaliste Saloom Road and Kensington Drive. Retail led the week with two of the five sales, while FONTENOT WEALTH GROUP LLC...
The May 29, 2023 issue covers ten commercial sales recorded across Baton Rouge the previous week, totaling $9.34M in disclosed volume. The headline deal: Miller Hunt LLC, an Illinois-based buyer, paid $4.61M ($317.97/SF) for Range USA, a gun shop and gun range on Millerville Greens Boulevard. Retail led the week with four of the ten sales, including an auto parts...
The May 22, 2023 issue covers nine commercial sales recorded across Lafayette the previous week, totaling $5.13M in disclosed volume. The headline deal: STANLEY MALAPART OAKS LLC paid $1.05M ($23,864/unit) for a 44-unit mobile home park on six acres along Malapart Road in South Carencro. Land led the week with four of the nine sales, including 1.11 acres near Ambassador...
The May 22, 2023 issue covers ten commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $3.8M in disclosed volume. The headline deal: HAZA FOODS OF NORTHEAST LLC paid $1.2M ($383.75/SF) for a fast food property at 6166 Elysian Fields Avenue in the St. Anthony area. Office led the week with four of the ten sales,...
The May 22, 2023 issue covers fifteen commercial sales recorded across Baton Rouge the previous week, totaling $41.8M in disclosed volume. The headline deal: Riverbend Owners LLC, for Illinois-based real estate investment firm Ashland Capital, paid $23.8M ($77,110/unit) for the Villas at Riverbend, a 308-unit student housing complex on River Road near LSU. Land led the week with six of...
// Article originally appeared in New Orleans City Business on May 15, 2023 One of my favorite parts of being a commercial real estate agent is being privy to new concepts in our market. Although these additions do not always come to fruition, I have always enjoyed culling newly issued permits as a means of ascertaining their viability and gauging activity. While...
The May 15, 2023 issue covers five commercial sales recorded across Lafayette the previous week, totaling $7.06M in disclosed volume. The headline deal: ZAREEN ENTERPRISE LLC, a group of local investors, paid $3.05M ($610.00/SF) for a gas station/convenience store right off the I-10 Ambassador Caffery exit in Scott. Retail and land each made up two of the five sales, while...
The May 15, 2023 issue covers ten commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $7.19M in disclosed volume. The headline deal: AVILA PROPERTIES LLC paid $3.8M ($104.13/SF) for a large retail property at 2703 Belle Chasse Highway. Retail led the week with five of the ten sales, including JADES NAIL BAR LLC's $950K purchase...
The May 15, 2023 issue covers nine commercial sales recorded across Baton Rouge the previous week, totaling $4.6M in disclosed volume. The headline deal: RC 1334 Florida Blvd LLC, a Georgia-based investor, paid $1.37M ($263.46/SF) for an Exxon-branded gas station on Florida Street in Mid City. Industrial led the week with four of the nine sales, including an industrial property...
DOWNLOAD FULL REPORT (PDF) Overall Dollar Volume is up 1.24% The trailing 12 month total dollar volume of sales was $1.128B at the end of Apr 2023 vs. $1.114B at the end of the prior month. Overall Deal Velocity is down 2.92% The trailing 12 month sale count was 484 at the end of Apr 2023 vs. 498 at the end of the prior...
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