The April 10, 2023 issue covers ten commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $4.37M in disclosed volume. The headline deal: ST.JOHN GARDEN DISTRICT HOUSE, LLC, California-based investors, paid $965K ($121/SF) for a Garden District church with historic ties to the 1840s at 2930 Camp Street. Mixed-use and industrial led the week with three...
The April 10, 2023 issue covers thirteen commercial sales recorded across Baton Rouge the previous two weeks, totaling $48.3M in disclosed volume. The headline deal: HPI Oliver LLC, for Connecticut-based real estate investment firm Hamilton Point Investments, paid $21.8M ($113,281/unit) for the Oliver Apartments, a 192-unit student housing complex on Burbank Drive near LSU. Office led the week with five...
DOWNLOAD FULL REPORT (PDF) Overall Dollar Volume is down 3.05% The trailing 12 month total dollar volume of sales was $1.098B at the end of Mar 2023 vs. $1.133B at the end of the prior month. Overall Deal Velocity is down 0.36%. The trailing 12 month sale count was 528 at the end of Mar 2023 vs. 530 at the end of the prior...
The April 3, 2023 issue covers fifteen commercial sales recorded across Lafayette the previous week, totaling $19.3M in disclosed volume. The headline deal: STANLEY LAFAYETTE OAKS LLC, a local investment group, paid $3.8M ($34,862/unit) for the Oak Park Estates mobile home park on Eraste Landry Road. Land led the week with four of the fifteen sales, including a 1.77 acre...
The April 3, 2023 issue covers thirty-eight commercial permits issued in Baton Rouge the previous week and three Planning Commission cases. The cases included The Village at Magnolia Woods, a proposed rezoning to a Planned Unit Development for a mixed-use development with low- and medium-density residential and commercial/office uses, along with a rezoning to let Gov't Taco serve alcohol in...
The April 3, 2023 issue covers ten commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $5.65M in disclosed volume. The headline deal: MDC ASSOCIATES L L C paid $1.66M ($370/SF) for a retail property at 735 Elysian Fields Avenue in the Marigny. Retail led the week with five of the ten sales, including Hamdan Sons...
DOWNLOAD FULL REPORT (PDF) Overall Dollar Volume is down 2.67%. The trailing 12 month total dollar volume of sales was $1.133B at the end of Feb 2023 vs. $1.164B at the end of the prior month. Overall Deal Velocity is steady. The trailing 12 month sale count was 530 at the end of Feb 2023. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2023/03/Market-Report-Baton-Rouge-LA-February-2023-ELIFIN.pdf" attachment_id="7228" viewer_width=100% viewer_height=800px fullscreen=true download=true print=true]...
The March 27, 2023 issue covers eleven commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $5.54M in disclosed volume. The headline deal: TEJANI HOLDINGS LOUISIANA LLC, Vinton, Louisiana-based investors, paid $1.69M ($210/SF) for a two-building property with the former Jubilee Casino and a truck stop, gas station and restaurant at 15200 Chef Menteur Highway in...
The March 27, 2023 issue covers nine commercial sales recorded across Baton Rouge the previous week, totaling $9.02M in disclosed volume. The headline deal: Big Boss Perkins LLC, a local investor, paid $2.6M ($788/SF) for the Circle K on Perkins Road. Retail led the week with three of the nine sales, including a convenience store near LSU's North Gates bought...
The March 20, 2023 issue covers nine commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $4.05M in disclosed volume. The headline deal: FORTY ELEVEN LLC paid $1M ($513/SF) for a two-story retail building at 4011 Magazine Street in the Touro area. Retail and industrial led the week with three sales each, including Hamdan Sons Investments'...
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