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'...
The March 20, 2023 issue covers twelve commercial sales recorded across Baton Rouge the previous week, totaling $8.43M in disclosed volume. The headline deal: JM Test RE Acquisition LLC, for Chicago-based business investment firm Kanbrick, paid $2.61M ($75/SF) for JM Test Systems' facility on Tom Drive as part of Kanbrick's purchase of the company. Industrial and office led with four...
The March 13, 2023 issue covers eleven commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $23.8M in disclosed volume. The headline deal: TERRYTOWN RESIDENCES LLC, local investor Imad Hamdan, paid $13M ($42,909/unit) for the 304-unit Louisburg Square Apartments at 608 Farmington Place and 1960 Daniels Road in the Terrytown/Gretna area. Industrial led the week with...
The March 13, 2023 issue covers seven commercial sales recorded across Baton Rouge the previous week, totaling $2.94M in disclosed volume. The headline deal: FIDC 131 LLC, for Ohio-based Cocca Development, paid $975K ($20/SF) for the former Lancaster House location on Hooper Road in Central. Retail led the week with three of the seven sales, including the Chicken Shack at...
The March 6, 2023 issue covers twelve commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $6.43M in disclosed volume. The headline deal: CMP 1 LLC paid $1.45M ($181,125/unit) for three adjoining parcels with three multifamily buildings totaling eight units on Adams Street. Retail led the week with six of the twelve sales, while Chicago-based investors...
The March 6, 2023 issue covers ten commercial sales recorded across Baton Rouge the previous week, totaling $5.67M in disclosed volume. The headline deal: Fidelity Bank paid $1.63M ($398/SF) for a former Capital One branch on Bluebonnet Boulevard across from the Mall of Louisiana. Office led the week with three of the ten sales, while Lane Regional Medical Center bought...
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