The December 28, 2020 issue covers thirteen commercial sales recorded across Baton Rouge the previous week, totaling $55.5M in disclosed volume. The headline deal: Citiscape Essen LLC, multi-family investor Jakob Medve, paid $47.5M ($219,907/unit) for the Citiscape at Essen apartments on Mancuso Lane. PRICECO WEST, the Price Leblanc family, bought two parcels of land on Sullivan Road in Central for...
The December 21, 2020 issue covers seven commercial sales recorded across Baton Rouge the previous week, totaling $4.78M in disclosed volume. The headline deal: Drakes Landing Apartments, LP paid $1.5M ($1.32/SF) for the land for Drake's Landing Apartments at 801 North Ardenwood Drive. Burn Rubber LLC bought an office building on Jefferson Highway for $1.02M, and Emerald Magnolia Properties LLC...
DOWNLOAD FULL REPORT (PDF) The number of all commercial sales is in line with the historical average at 330 YTD 2020 (down only -3.28% from the average YTD over the last 5 years). Dollar volume of all commercial sales is at a 5-year low at $369.6 million YTD 2020 (down -31.25% from the average YTD over the last 5 years). Land sale volume...
The December 14, 2020 issue covers seven commercial sales recorded across Baton Rouge the previous week, totaling $28.9M in disclosed volume. The headline deal: MIMG CLXXIV Afton Oaks LLC, MIMG FWCO Afton Oaks LLC and D&J Afton Oaks LLC, for Colorado-based Monarch Investment and Management Group, paid $23.9M ($84,155/unit) for the 284-unit Afton Oaks Apartment Homes on Newcastle Avenue. Our...
The December 7, 2020 issue covers eight commercial sales recorded across Baton Rouge the previous week, totaling $19.8M in disclosed volume. The headline deal: EGP 9181 Baton Rouge LLC, Easterly Government Properties, paid $10.5M ($380/SF) for the 100% occupied, single-tenant Executive Centre on Interline Avenue, leased to the Health Resources & Services Administration until 2040. New Orleans-based Key Real Estate...
The November 30, 2020 issue covers five commercial sales recorded across Baton Rouge the previous week, totaling $3.41M in disclosed volume. The headline deal: Kumar LLC, a Hammond-based investor, paid $1.95M ($54/SF) for a 50% leased office building on South Sherwood Forest Boulevard. Symphony Homes Inc bought six duplex units and two cottages on Costello Lane for $593K, and a...
The November 23, 2020 issue covers thirteen commercial sales recorded across Baton Rouge the previous week, totaling $22M in disclosed volume. The headline deal: DB Heron Pointe LLC, a local real estate developer, paid $15M ($2.66/Land SF) for 12.927 acres on Parkknoll Avenue near the Airline Highway and Jefferson Highway intersection. Raising Cane's Restaurants, L.L.C. bought four of its own...
DOWNLOAD FULL REPORT (PDF) Louisiana remained in Phase 3 of reopening throughout the month of October. The number of commercial property sales was up 57% month over month, with 44 sales in October 2020 compared with 28 sales in September 2020. While we have seen a decrease in activity overall and across the multifamily, office, and land sectors, the average price per...
The November 16, 2020 issue covers seven commercial sales recorded across Baton Rouge the previous week, totaling $11.2M in disclosed volume. The headline deal: Priceco West, L.C., the Price LeBlanc auto dealership, paid $5.08M ($1.31/Land SF) for acreage off Airline Highway near Antioch Road. A New Jersey-based investor bought the net-leased Popeyes off Burbank Drive near Bluebonnet Boulevard for $3.4M,...
The November 9, 2020 issue covers seven commercial sales recorded across Baton Rouge the previous week, totaling $11.9M in disclosed volume. The headline deal: Zachary Trails LLC, an Alabama-based investor, paid $9.93M ($0.82/Land SF) for 277.76 acres off Old Scenic Highway, buying back a portion of the 313.61 acres sold to D.R. Horton in October 2019. A Prairieville-based investment group...
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