The June 5, 2023 issue covers thirteen commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: ZURQUI LLC, Baton Rouge-based investors, bought the Oakmont of Algiers apartment complex at 2200 Westbend Parkway in the Behrman area, one of three sales that week from the same bankruptcy proceeding. Retail led the week with five of...
// Article originally appeared in New Orleans City Business on June 1, 2023 Over 620 permits were issued in Orleans Parish alone over the course of the last two weeks. Although Tulane University’s desire to do so was formally announced last year, permits were granted this week to raze Irby, Phelps, and Paterson Halls. Ensconced in the near-center of campus, Paterson was...
The May 29, 2023 issue covers fourteen commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: NEW ORLEANS MILITARY AND MARITIME ACADEMY INC bought its own campus and additional property at 2405 Sanctuary Drive in the Whitney area of Algiers. Office, multifamily and retail led the week with three sales each, while a California-based...
The May 22, 2023 issue covers ten commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: HAZA FOODS OF NORTHEAST LLC bought a fast food property at 6166 Elysian Fields Avenue in the St. Anthony area. Office led the week with four of the ten sales, while a Bayou St. John mixed-use property with...
// Article originally appeared in New Orleans City Business on May 15, 2023 One of my favorite parts of being a commercial real estate agent is being privy to new concepts in our market. Although these additions do not always come to fruition, I have always enjoyed culling newly issued permits as a means of ascertaining their viability and gauging activity. While...
The May 15, 2023 issue covers ten commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: AVILA PROPERTIES LLC bought a large retail property at 2703 Belle Chasse Highway. Retail led the week with five of the ten sales, including JADES NAIL BAR LLC's purchase of a retail property on Magazine Street in Uptown,...
DOWNLOAD FULL REPORT (PDF) Overall Dollar Volume is up 1.24% The trailing 12 month total dollar volume of sales was $1.128B at the end of Apr 2023 vs. $1.114B at the end of the prior month. Overall Deal Velocity is down 2.92% The trailing 12 month sale count was 484 at the end of Apr 2023 vs. 498 at the end of the prior...
The May 8, 2023 issue covers twelve commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: 4200 MICHOUD LLC, an entity led by Barry Kern, bought the former Army National Guard facility on 12.185 acres at 4200 Michoud Boulevard in the Michoud area. Retail led the week with four of the twelve sales, including...
The May 1, 2023 issue covers eleven commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: HARVEY GULF INTERNATIONAL MARINE LLC bought 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, while a former two-unit residential condo property on...
The April 24, 2023 issue covers twelve commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: WASHING CARS II LLC bought 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 sales, while JULIA REALTY LLC bought a three-building...
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