The May 1, 2023 issue covers eleven commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $3.95M in disclosed volume. The headline deal: HARVEY GULF INTERNATIONAL MARINE LLC paid $1.27M ($39,531.25/unit) for the 32-unit Texas Motel at 3520 Airline Drive in the Shrewsbury area of Metairie. Industrial and land led the week with three sales each,...
The May 1, 2023 issue covers sixteen commercial sales recorded across Baton Rouge the previous week, totaling $8.41M in disclosed volume. The headline deal: Cardinal Hill Real Estate LLC, for Assurance Financial, paid $3.4M ($242.86/SF) for the company's first-floor office in The Cardinal Hill office building on Jefferson Highway. Office and multifamily led with five sales each, including Assisi Village,...
The April 24, 2023 issue covers nine commercial sales recorded across Lafayette the previous week, totaling $6.12M in disclosed volume. The headline deal: GUILLORY OIL COMPANY INC, a Eunice-based company, paid $2.5M ($446.43/SF) for a combination McDonalds and gas station/convenience store near the Scott/Cankton exit off I-10. Land led the week with five of the nine sales, while a pair...
The April 24, 2023 issue covers twelve commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $6.91M in disclosed volume. The headline deal: WASHING CARS II LLC paid $1.75M ($972.22/SF) for the Pelican Pointe Car Wash at 2500 David Drive in the Lelia Place area of Metairie. Retail led the week with five of the twelve...
The April 24, 2023 issue covers five commercial sales recorded across Baton Rouge the previous week, totaling $6.68M in disclosed volume. The headline deal: Ishwar Krupa 2023 LLC, a Denham Springs buyer, paid $3.85M ($67,544/unit) for the Siegen Inn, a 57-room hotel on Honore Lane off Siegen Lane. Retail led the week with three of the five sales, including La-Z-Boy...
The April 17, 2023 issue covers eight commercial sales recorded across Lafayette the previous week, totaling $7.07M in disclosed volume. The headline deal: SOUTHCITY PROPERTIES LLC, a group of local developers, paid $1.8M ($144.23/SF) for land including the 12,480 SF building formerly occupied by the Riverside Church of Christ on Southcity Parkway. Land led the week with three of the...
The April 17, 2023 issue covers nine commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $3.22M in disclosed volume. The headline deal: PIAZZA ROSICA S; PIAZZA NICHOLAS L SR paid $800K ($100,000/unit) for two adjacent fourplexes at 2204 Idaho Avenue in the Lisa Park area of Kenner. Retail led the week with four of the...
The April 17, 2023 issue covers five commercial sales recorded across Baton Rouge the previous week, totaling $10.7M in disclosed volume. The headline deal: Baton Rouge Acquisitions LLC, for Commercial Properties Realty Trust, paid $9.5M ($7.27/Land SF) for approximately 30 acres on Nicholson Drive between downtown and LSU, bought from Goldman Sachs. Land accounted for two of the five sales,...
DOWNLOAD FULL REPORT (PDF) Overall Dollar Volume is down 2.15% The trailing 12 month total dollar volume of sales was $1.114B at the end of Mar 2023 vs. $1.139B at the end of the prior month. Overall Deal Velocity is down 2.06%. The trailing 12 month sale count was 498 at the end of Mar 2023 vs. 509 at the end of the prior...
The April 10, 2023 issue covers five commercial sales recorded across Lafayette the previous week, totaling $1.7M in disclosed volume. The headline deal: FOURPARK RENTALS LLC paid $600K ($115/SF) for a day care center on Four Park Road in Carencro. Retail led the week with two of the five sales, while an entity led by a local doctor paid $425K...
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