Local investors purchase retail in the CBD
The December 11, 2023 issue covers seven commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $1.99M in disclosed volume. The headline deal: 2502 MAGNOLIA ST LLC paid $800K ($40.93/SF) for an industrial warehouse property at 2502 Magnolia Street in the Central City area. Retail, land and office led the week with two sales each, including local investors' $500K purchase of a fire-damaged building at 717 Common Street in the CBD and the $200K sale of a 9-plus-acre parcel of industrial transportation land just across the Danziger Bridge.
7Commercial sales recorded
$1.99MDisclosed volume (6 of 7 sales)
$800KLargest sale · 2502 Magnolia St
2Retail sales, the most active type
Commercial Sales Recorded Last Week 7 sales
2502 Magnolia St
$800,000 $40.93 / SF
An industrial warehouse property changes hands in the Central City area
Buyer2502 MAGNOLIA ST LLC
717 Common St
$500,000 $94.34 / SF
Local investors purchase the, poorly conditioned and fire damaged, building at 717 Common St in the CBD
Buyer717 COMMON PROPERTIES LLC
5690 Chef Menteur Hwy
$200,000 $0.50 / Land SF
A 9+ acre parcel of industrial transportation utilized land sells just across the Danziger Bridge toward the East
BuyerGENTILLY CIRCLE L L C
127 Zinnia Ave
$175,000 $221.52 / SF
An office property changes hands in the Bridgedale area
Buyer127 ZINNIA PROPERTY LLC
1401 S Claiborne Ave
$160,000 $28.57 / Land SF
Luling-based investors purchase two vacant parcels of land near the corner of South Claiborne Avenue and Thalia Street
BuyerKMHSHELL LLC
2955 Ridgelake Dr, Unit 105
$155,000 $147.06 / SF
An office condominium unit changes hands within the Commerce Court office complex in Metairie
BuyerTALK WORKS PROFESSIONAL SERVICES INC
2045 Broadway St
Price withheld
A retail space changes hands in the Audubon area
BuyerPRIVAT GILMAN DAVID
Commercial Permits Issued Last Week 75 permits
| Address | Type | Value | Description | Owner / Applicant / Contractor |
|---|---|---|---|---|
| 300 Loyola Ave | Electrical Repair / Replacement / Addition | $1,883,000 | Utility disconnect Reconnect. This work has been coordinated and is scheduled with Entergy Engineering to take place on Dec. 18th, 2023. This work is related to Building Permit# 22-25658-ACCS and Electrical Permit #23-15197-EGEN | O Civic Center Sitedeve Co, Civic Center Sitedeve CoA Jeremiah Alexander JohnsonC Jeremiah Alexander Johnson |
| 1027 Napoleon Ave, St. Stephens Good Shepherd School | Renovation (Non-Structural) | $1,089,000 | Renovations inside school building and gymnasium for damage caused by hurricane Ida. | O Good Shepherd Roman Catholic Church New Orleans LouisianaA David LangloisC Malin Const. Company |
| 8 Canal St | Mechanical HVAC | $899,000 | (NOBU RESTAURANT) Kitchen build out, we are providing (1) 8250 CFM kitchen Exhaust Fan, (1) 4950 CFM kitchen supply fan, (1) 600 CFM dishwasher hood exhaust, and (1) 250 CFM restroom exhaust fan. The space is conditioned (2) new VAVs hooking up to existing utilities. | O City Of New OrleansA August R Gallo, Jr.C August R Gallo, Jr. |
| 8 Canal St | Mechanical Fuel Gas | $899,000 | (NOBU RESTAURANT) Kitchen build out, we are running gas lines to owner supplied equipment. | O City Of New OrleansA August R Gallo, Jr.C August R Gallo, Jr. |
| 31 McAlister Dr | Renovation (Non-Structural) | $733,035 | FIT OUT OF TWO SHELL SPACES AS RETAIL USES ON FIRST FLOOR OF EXISTING 7 STORY DORMITORY BUILDING. ONE TO BE A SMALL FOOD SERVICE SMOOTHIE BAR. ONE TO BE A CONVIENENCE STORE. | O Administrators of The Tulane Educ FundA Edr ArchitectsC — |
| 300 Allen Toussaint Blvd | New Construction | $518,450 | White Box Only construction. New 5,941 SF two-story metal stud structure on raised slab. (4) tenant spaces with tenants TBD. Note: plans have been filed + recorded with the city in regards to Conditional Use (Zoning Docket # ZD028-16) for the parking lot. NO PLUMBING/ELECTRICAL SERVICE OR MECHANICAL WORK PERMITTED/ NOT FOR USE OR OCCUPANCY. NO INTERIOR BUILDOUT | O —A Studio WTAC Yolande Burst |
| 712 Adams St | Renovation (Non-Structural) | $167,125 | 800 square foot building to receive an interior renovation for new Barber Shop. Building was most recently Herb Imports (The Glassery). Front elevation will be improved per drawings. | O Green Feather Properties LLCA Jessica BeckerC Kmt Painting And Decorating LLC |
| 740 Royal St | Renovation (Non-Structural) | $125,000 | Full roof replacement. No changes to roof and no new roofing elements. | O J & R Rental Properties L L CA Myles MartinC Tuna Construction, LLC |
| 511 N Hennessey St | Electrical Repair / Replacement / Addition | $114,700 | Renovation | O 478 Building Corporation IncA Glenn A. CordesC Glenn A. Cordes |
| 1015 Decatur St | Renovation (Structural) | $96,750 | Renovations to exterior of entire building in response to VCC violations. All work to be done as per plans. | O Rahim RashkbarA Loretta HarmonC — |
| 525 Fourth St | Accessory Structure | $89,800 | Installing a generator piped with gas on roof top. | O Surgir LLCA Loryn BrienC Power One Electric LLC |
| 8065 Edgelake Ct B | Renovation (Non-Structural) | $87,500 | AT&T – To install cellular equipment and ground equipment on an Existing ATC cell Monopole tower. | O Ray CulottaA Lillo JasonC Mastec Network Solutions, LLC |
| 619 Bourbon St | Renovation (Non-Structural) | $60,000 | interior only: Cosmetic finishes; tile, paint. Construct bar and drywall ceiling over bar. | O Taquino Family Real Estate LLCA Gates ErikaC Jake-Cowden Garofalo Construction Restoration |
| 1118 Decatur St | Mechanical HVAC | $51,832 | Replace 10 Ton AC system with 15KW electric heat | O K & F Realty LLCA Wilfred Lewis, JrC Wilfred Lewis, Jr |
| 1441 Teche St | Renovation (Non-Structural) | $43,699 | We plan to convert an existing confessional to a restroom inside of the Church. The old confessional will then be relocated. | O All Saints Roman Catholic ChurchA Batiste JosephC BAT Management Services, LLC |
| 5646 Lewis Rd | Electrical Repair / Replacement / Addition | $39,300 | INSTALLING A 600 AMP SWITCH FROM EXISTING SERVICE FOR TO NEW EQUIPMENT. WE ARE NOT INCREASING SERVICE SIZE, BUT WILL NEED A DISCONNECT AND RECONNECT FOR UTILITY (ENTERGY) | O Bunny Bread Co IncA Jonathan S. FrischhertzC Jonathan S. Frischhertz |
| 1060 Girod St | Mechanical Fuel Gas | $36,700 | Electric water heater | O Industrial Development BoardA David Carter Sr.C — |
| 4200 Prytania St | Renovation (Structural) | $28,690 | ***EMERGENCY REPAIR***DUE TO VEHICLE HITTING BUILDING STREET FACADE. NO CHANGE TO FLOOR PLAN/USE. REPAIR IN LIKE AND KIND. FRONT FACADE TO REMAIN THE SAME. | O Robco Realty LLCA Sandra HaylockC — |
| 1245 Columbus St Apt A | Mechanical Fuel Gas | $25,500 | INSTALLING WHOLE HOUSE GENERATOR | O Peter Gray TashjianA Hector LopezC Hector Lopez |
| 333 Canal St Ste 111 | Mechanical HVAC | $17,182 | INSTALLATION OF ONE EXHAUST FAN AND FIRE DAMPERS AND CEILING DIFFUSERS | O Wilson Canal Place II LLCA Chester CabiracC ARC Mechanical Contractors, Inc |
| 5500 Paris Ave | Mechanical HVAC | $14,978 | Install two hvac system systems with ductwork. one 2-ton and one 2.5 ton units in ticket office and locker room. | O Holy Cross College IncA Michael A KellyC Michael A Kelly |
| 319 N Miro St | Electrical Service / Circuit / Feeder | $13,446 | New 1/2 duplex | O Wells One Investments LLCA Rolando J SandovalC Rolando J Sandoval |
| 817 Saint Louis St | Renovation (Non-Structural) | $13,000 | Cyber Attack – Install platform for existing kitchen vent. | O Lgo Properties LLCA Erika GatesC Carimi Construction and Development |
| 916 Foucher St | Mechanical HVAC | $11,000 | 3 ton a/h cond. duct in vent | O Miii LLCA Sam Celino Jr.C Ducar Real Estate Investments LLC |
| 2044 Magazine St | Renovation (Non-Structural) | $7,480 | Pressure Wash exterior of building. Re-Stucco top part of building, repair or re-stucco cornice moldings. Repair any missing mortar from exterior exterior masonry. Caulk & seal stucco bricks, windows & doors. Repair windows & reglaze windows and doors. Repair front door & install weather stripping. Paint stucco brick, windows, trim, doors & downspout. As quoted by Rogers Enterprise Construction. | O Vieux Bijou IncA Leslie PerrinC Rogers Enterprise Construction LLC |
| 819 N Lopez St Apt 2A | Electrical Service / Circuit / Feeder | $7,200 | Complete re wire with 20 new circuits and a 150 amp sub panel | O North Lopez 819 LLCA John Allen LockettC John Allen Lockett |
| 819 N Lopez St Apt 2B | Electrical Service / Circuit / Feeder | $7,200 | Complete re wire with 20 new circuits and a 150 amp sub panel. | O North Lopez 819 LLCA John Allen LockettC John Allen Lockett |
| 8938 Palm St | Electrical Service / Circuit / Feeder | $6,000 | Install new wiring for new construction | O Palm Street Development LLCA Patrick Mel ThomasC Patrick Mel Thomas |
| 8936 Palm St | Electrical Service / Circuit / Feeder | $6,000 | Install new wiring for new construction | O Palm Street Development LLCA Patrick Mel ThomasC Patrick Mel Thomas |
| 1934 Washington Ave Apt 102 | Electrical Service / Circuit / Feeder | $5,200 | wiring of home | O Lawrence J DespenzaA James JonesC James Jones |
| 1934 Washington Ave Apt 201 | Electrical Service / Circuit / Feeder | $5,200 | wiring of home | O Lawrence J DespenzaA James JonesC James Jones |
| 5901 Read Blvd | Mechanical Fuel Gas | $4,500 | Install a gas line for 3 fryers and 1 grill. | O Read Hsi Investments LLCA Kevin J MonvoisinC — |
| 3711 Franklin Ave | Electrical Repair / Replacement / Addition | $3,900 | Renovate Church | O New Genesis Bible ChurchA John Blouin IVC John Blouin IV |
| 710 Poland Ave | Electrical Repair / Replacement / Addition | $3,850 | replace meter pan | O Twelfth House Company LLCA Abukhalil AbdelraziqC Abukhalil Abdelraziq |
| 710 Poland Ave | Electrical Service / Circuit / Feeder | $3,650 | Swimming pool electrical/ add circuit for pool pump and pool lights | O Twelfth House Company LLCA Eldon JuneauC Eldon Juneau |
| 1125 Saint Mary St | Electrical Repair / Replacement / Addition | $3,600 | remove & reinstall service 200 amp 18 circuits | O Haluk DogruA Jesse Earl Carr Sr.C Jesse Earl Carr Sr. |
| 1022 Barracks St HM | Mechanical Fuel Gas | $3,500 | Underground and main gas line for 1022 Barracks House Gas meter | O 1236 N Rampart LLCA Millicent FayardC Millicent Fayard |
| 516 Governor Nicholls St Apt 202 | Electrical Repair / Replacement / Addition | $3,000 | Add smoke detectors in unit, remove and replace receptacles, switches, light fixtures | O 801 Patterson Owner LLCA Edward Leroy DawsonC Edward Leroy Dawson |
| 516 Governor Nicholls St Apt 102 | Electrical Repair / Replacement / Addition | $3,000 | Add smoke detectors in unit, remove and replace receptacles, switches, light fixtures. | O 801 Patterson Owner LLCA Edward Leroy DawsonC Edward Leroy Dawson |
| 516 Governor Nicholls St Apt 101 | Electrical Repair / Replacement / Addition | $3,000 | Add smoke detectors in unit, remove and replace receptacles, switches, light fixtures. | O 801 Patterson Owner LLCA Edward Leroy DawsonC Edward Leroy Dawson |
| 1101 Florida Ave | Construction Trailer | $2,500 | Temporary construction trailer for the duration of the City of New Orleans DPW680 DeSaix Blvd Bridge Replacement Project | O —A Impetus Infrastructure, LLCC Impetus Infrastructure, LLC |
| 1915 State St | Mechanical Fuel Gas | $2,200 | Generator gas line | O Linda Barnett MintzA Leroy Laporte JrC — |
| 914 Foucher St | Mechanical Fuel Gas | $2,000 | 45' of gas line with two outlets. 2 tankless water heater | O Miii LLCA Angelo PansanoC — |
| 916 Foucher St | Mechanical Fuel Gas | $2,000 | 45' of gas line with two outlets. 1 tankless water heater, 1 stove | O Miii LLCA Angelo PansanoC — |
| 5504 Saint Charles Ave | Electrical Service / Circuit / Feeder | $1,750 | Swimming pool electrical | O Donald R Smith, 5504 St Charles Ave LLCA Eldon JuneauC Eldon Juneau |
| 25215 Chef Menteur Hwy | Accessory Structure | $1,254 | I need electricity supplied to my lot for the installation of Security Lighting. | O Larry A CompagnoA Compagno LarryC Justin P. Whipple |
| 200 Bourbon St | Float | $1,240 | Krewe of Oshun – 17 Floats for parade | O 200 Bourbon LLCA V Chatelain GaryC V Chatelain Gary |
| 200 Bourbon St | Float | $1,240 | Krewe of Morpheus – 22 floats for upcoming parade. | O 200 Bourbon LLCA V Chatelain GaryC V Chatelain Gary |
| 200 Bourbon St | Float | $1,240 | Krewe of Pygmalion – 27 floats | O 200 Bourbon LLCA V Chatelain GaryC V Chatelain Gary |
| 2408 Florida Ave | Construction Loop | $1,200 | Temp Pole | O 365 Electric IncA Troy D PorterC Troy D Porter |
| 2713 Monticello Ave | Renovation (Non-Structural) | $972 | Vacancy permit restore power. | O Greenway Properties LLCA Launey Allen Beckham, Jr.C H&E Comfort Services |
| 6224 N Rampart St | Electrical Vacancy | $550 | 6 month vacancy | O Rita B WilfredA Herbert Leon BroussardC Herbert Leon Broussard |
| 922 Kerlerec St | Construction Loop | $550 | file for temp pole | O Faubourg Nola Homes LLCA Elbred Malone Jr.C Elbred Malone Jr. |
| 601 S Solomon St | Electrical Vacancy | $500 | 6-month Vacancy inspection to restore power from Entergy | O La Cancha LLCA Thomas M DelbertC Thomas M Delbert |
| 3600 Canal St | Mechanical Fuel Gas | $500 | Pressure test gas lines up 5psi,make sure existing appliances are up to code | O Templar Properties IncA Casey J SuttonC — |
| 8520 Chef Menteur Hwy Apt 205 | Electrical Vacancy | $500 | Vacancy | O 8520 Chef Menteur LLCA Oscar L. Carter Jr.C Oscar L. Carter Jr. |
| 1420 General Taylor St | Mechanical Fuel Gas | $500 | Have gas service turned on | O Property Holding Company of Crecent City LLCA Kurt M ZeringueC — |
| 731 Nashville Ave | Mechanical Fuel Gas | $500 | Activate gas meter locked out due to Entergy leak 175000BTU | O Teamthompson LLCA Rene Dauterive Jr.C — |
| 832 Piety St | Mechanical Fuel Gas | $500 | electric water heater only | O The K & T Institute LLCA Peter TranC Peter Tran |
| 2130 N Broad St Apt 1B | Electrical Vacancy | $450 | Electrical Vacancy | O Aaron C AndersonA Michael Jonathan LeeC Michael Jonathan Lee |
| 1309 Milan St | Mechanical Fuel Gas | $350 | check gas leak repair , file for reconnect | O Craig H TolbertA Drew Michael HosliC — |
| 2505-2515 Delachaise St | Change of Address N/A | N/A | 23-28727-RNVN Single Family Dwelling Structure on Multi-Family property. KEEP 2505 Delachaise St (AM11669533) RETIRE 2507 Delachaise St KEEP 2509 Delachaise St RETIRE 2511 Delachaise St KEEP 2513 Delachaise St (AM10413424) KEEP 2515 Delachaise St (AM10448500) | O Rohamm LLC, 3413 Freret LLCA 3413 Freret LLCC — |
| 1300 Oretha Castle Haley Blvd HM B, 1300 Oretha Castle Haley Blvd Ste B | Change of Address N/A | N/A | Correct meter addresses Change 1300 Oretha Castle Haley BLVD Suite B to 1300 Oretha Castle Haley BLVD HM B (AM12133727) Change 1300 Oretha Castle Haley BLVD HM B to 1300 Oretha Castle Haley BLVD Suite B (AM12646346) | O AG 2018 LLCA 1300 OCH, LLCC — |
| 2400-2412 Delachaise St | Change of Address N/A | N/A | Resubdivision of Lots 13, 15, and 17 in Square 591, Fifth Municipal District and bounded by Delachaise, La Salle, Amelia, and Freret Streets into Lot X-1-A. SD174-23 RETIRE 2412 Delachaise St KEEP 2400 Delachaise St | O Southwest Region Conference Association of Seventh Day Adventists, Conference Assn Seventh Arkansas, Southwest Region Conference Association of Seventh-Day AdventistsA Southwest Region Conference Association of Seventh Day AdventistsC — |
| 2833 Perdido St | Construction Loop N/A | N/A | CONSTRUCTION LOOP (22-13076-NEWC) | O City Of New OrleansA Todd TrosclairC Todd Trosclair |
| 2033 Saint Anthony St -Apt 4 | Change of Address N/A | N/A | 23-23839-EVAC Three to Four Family ADD 2033 St Anthony St Apt 1 (AM10288524) ADD 2033 St Anthony St Apt 2 (AM10258261) ADD 2033 St Anthony St Apt 3 (AM10115005) ADD 2033 St Anthony St Apt 4 (AM10258262) | O Cornell PendletonA Cornell PendletonC — |
| 600 N Broad St | Hoods N/A | N/A | Hood Installation | O Greenway Ventures LLCA Ammar DiriC Ammar Diri |
| 731 Nashville Ave | Change of Address N/A | N/A | Entergy address is incorrect, Veterinarian's Office Change 731 Nashville Ave Apt A to 731 Nashville Ave (U539152) | O Teamthompson LLCA Jessica MillerC — |
| 3201 Rue Parc Fontaine Apt 2904 | Electrical Vacancy N/A | N/A | Six month vacancy | O Gmf-Preservation Of Affordablity CorpA Joseph B. RobinsonC Joseph B. Robinson |
| 702 Desire St | Lead-Based Paint Form N/A | N/A | removal of exterior paint usin HEPA vacuum system or containment | O Todd Larsen DaltonA Todd Larsen DaltonC — |
| 8065 Edgelake Ct B | Change of Address N/A | N/A | O Ray CulottaA AT&T Jason LilloC — | |
| 1040 Saint Charles Ave Apt 101 | Electrical Vacancy N/A | N/A | 6 month vacancy | O Tivoli Owner LLCA WILSON ELECTRICC WILSON ELECTRIC |
| 1040 Saint Charles Ave Apt 317 | Electrical Vacancy N/A | N/A | 6 month vacancy | O Tivoli Owner LLCA WILSON ELECTRICC WILSON ELECTRIC |
| 2031 Saint Charles Ave Ste A | Moving Equipment N/A | N/A | Modernization of Passenger Elevators 1 and 2. | O Aj Pontchartrain Owner LLCA Otis ElevatorC Otis Elevator |
| 5315 Elysian Fields Ave -Ste B | Change of Address N/A | N/A | 23-31947-RNVN Business Use, 2 Comm. Suites CHANGE 5315 Elysian Fields Ave to 5315 Elysian Fields Ave Ste A ADD 5315 Elysian Fields Ave Ste B | O Anna HongA Anna HongC — |