The November 20, 2023 issue covers six commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: CONCORD HOLDINGS LLC bought a dentist office at 2636 Athania Parkway in the Athania area of Metairie. Retail and mixed-use led the week with two sales each, including a local investor's three-building portfolio covering nearly a square block...
// Article originally appeared in New Orleans City Business on November 13, 2023 Construction on St. Bernard Circle Apartments, across from Circle Food Store in Orleans Parish, is currently underway after breaking ground on October 25. Permits have been issued for the construction of the 53,485-square-foot, four-story, multifamily development, which will also feature two retail spaces and a landscaped community park....
The November 13, 2023 issue covers ten commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: POL BUILDING LLC, an Arkansas-based entity, bought a multi-tenant commercial property at 2325 North Hullen Street in the Athania Place Annex area of Metairie. Office and multifamily led the week with three sales each, while AM PLAZA LLC...
The November 6, 2023 issue covers eleven commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: 1525 SAMS AVE HOLDINGS LLC, the owners of Ludwig Buildings, bought the industrial distribution property at 1525 Sams Avenue in Elmwood formerly occupied by Southeastern Freight Lines. Industrial led the week with four of the eleven sales, while...
// Article originally appeared in New Orleans City Business on November 2, 2023 The 80,500-square-foot facility in Mid-City known as the Orleans Justice Medical Services Building has been permitted for a sum of $88,750,000 in construction value. Located at 2900 Perdido St., the project is being spearheaded by Grace Hebert Curtis Architects. The state-of-the-art facility will primarily function as male and female...
The October 30, 2023 issue covers eight commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: MADISON GARDENS ESTATES LLC, a New York-based investor, bought the 59-unit Madison Garden Apartments at 221 North Laurel Street in Metairie. Multifamily and retail led the week with three sales each, including KMHSHELL LLC's purchase of a Shell...
The October 23, 2023 issue covers four commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: WAREHOUSE DISTRICT LLC bought a pair of industrial properties at 2432 Dawson Street in the Bainbridge Office & Industrial Park. Industrial led the week with two of the four sales, while Iglesia Cristiana Filadelfia bought the religious facility...
DOWNLOAD FULL REPORT (PDF) Overall Dollar Volume is down 4.62% The trailing 12 month total dollar volume of sales was $700.4M at the end of Sep 2023 vs. $734.4M at the end of the prior month. Overall Deal Velocity is up 4.36% The trailing 12 month sale count was 407 at the end of Sep 2023 vs. 390 at the end of the prior...
// Article originally appeared in New Orleans City Business on October 16, 2023 Interior work has been permitted to begin at 714 Baronne St., the ground-floor, retail component of 710 Baronne St., itself a 69,000-square-foot redevelopment in the Warehouse District. In addition to the 9,000 square feet of commercially used space, 46,000 square feet on the upper levels are being built...
The October 16, 2023 issue covers nine commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: AGREE CENTRAL LLC, a Michigan-based entity, bought the former Burlington Coat Factory property at 2840 Veterans Memorial Boulevard in Metairie. Retail led the week with three of the nine sales, while a New Jersey-based realty entity bought the...
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