The Pulse NOLA: The City of Gretna purchases a hotel for 5.3mm

01 Jan The Pulse NOLA: The City of Gretna purchases a hotel for 5.3mm

Posted at 08:55h in Research, The Pulse, The Pulse: New Orleans by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of New Orleans.

Commercial Sales Recorded Last Week

100 Westbank Expy, Gretna, LA 70053

Type: Hospitality
Price: $5,335,000 ($17,265 / Unit)
Buyer: GRETNA CITY OF
Elifin’s Notes: The City of Gretna purchases a hotel property along the Westbank Expressway

1031 Saint Philip St, New Orleans, LA 70116

Type: Mixed-Use
Price: $1,600,000 ($129.86 / SF)
Buyer: Walter Antin; Ariana Rinderknecht
Elifin’s Notes: A local architecture team buys property located on the outer edge of the French Quarter

4261, 4265 Lac Saint Pierre Dr, Harvey, LA 70058

Type: Multifamily
Price: $600,000 ($75,000 / Unit)
Buyer: SADEEN LLC
Elifin’s Notes: A local investor, through two transactions, purchases a pair of four-plexes, all 2 BR / 2.5 BA units, in the southern part of Harvey

1808 Faith Pl, Terrytown, LA 70056

Type: Industrial
Price: $229,000 ($87.84 / SF)
Buyer: J SERCOVICH LLC
Elifin’s Notes: Local business owner purchases a light industrial property in Terrytown

740, 750 Carondelet St, New Orleans, LA 70130

Type: Mixed-Use
Price: Withheld
Buyer: 750 CARONDELET INVESTORS LLC
Elifin’s Notes: A local development firm purchases two properties at the corner of Julia Street and Carondelet Street within the Central Business District

2912, 2916 Houma Blvd, Metairie, LA 70006

Type: Multifamily
Price: Withheld
Buyer: 2912 HOUMA LLC; 2916 HOUMA LLC
Elifin’s Notes: A local investor, through two transactions, purchases a pair of four-plexes, all 2 BR / 1 BA units, along Houma Boulevard in Metairie

Nicolle Blvd Lot C-1, Avondale, LA 70094

Type: Land
Price: Withheld
Buyer: GC CHURCHILL LLC
Elifin’s Notes: A St. Rose-based investor purchases 50 acres of land within the Fairfield Planning Area in Avondale

Commercial Permits Issued Last Week

Address	Type / Value	Description	Owner / Applicant / Contractor
6600 Franklin Ave	Renovation (Structural) $2,220,000	This will be an interior Rouses remodel.	[O] Rouse Land Company LLC [A] Capstone Project Services, PLC [C]
316 Magazine St	Electrical Repair / Replacement / Addition $407,687	Renovation of an existing historic building with the installation of new 800 amp service and 250 new circuits.	[O] New Orleans Board of Trade 316 II LLC [A] Jeremy Chase Martin [C] Jeremy Chase Martin
415 Lafayette St	Renovation (Structural) $377,096	INSTALLATION OF NEW HVAC UNIT ON THE ROOF OF HOTEL LOCATED AT 415 LAFAYETTE STREET. THE WORK WILL INCLUDE THE INSTALLATION OF THE NEW HVAC UNIT AS WELL AS NEW DUCT WORK CONNECTING THE UNIT INTO THE EXISTING BUILDING AT FLOORS 1 THROUGH 4.	[O] Hotel Ambassador Nola LLC dba The Old No.77 Hotel & Chandlery Restaurant [A] John C Williams [C] Impetus
1326 Josephine St	Electrical Service / Circuit / Feeder $281,946	Renovation	[O] Trinity Church, Trinity Church [A] Christopher Jake Laborde [C] Christopher Jake Laborde
14207 Chef Menteur Hwy	Renovation (Non-Structural) $171,640	Roof mounted solar installation with battery backup	[O] Huong Thi T Tran [A] Jeffrey David Cantin [C] Solar Alternatives Inc.
6307 Elysian Fields Ave	Electrical Repair / Replacement / Addition $161,623	Provide and install light fixtures, switches, receptacles, mechanical equipment circuitry, and fire alarm per new clinic renovation drawings.	[O] Warwick Associates [A] Keith Descant [C] Keith Descant
525 Fourth St	Permanent Generator $89,800	Install a 150 k generator with 400 amps transfer switch.	[O] Surgir LLC [A] Jaime Andres Ordonez [C] Jaime Andres Ordonez
4711 Freret St	Renovation (Non-Structural) $88,197	Change of use from bicycle shop to renovate existing space to be a retail pastry shop (Specialty Restaurant). No cooking or food prep on site. Add electrical as needed for equipment. Add air conditioning and heating system. Add plumbing as depicted on the plans. Use existing ADA bathroom as is.	[O] 4701 Freret LLC [A] Werling Kurt [C] Werling Builders, Inc
611 Dauphine St Unit E	Renovation (Non-Structural) $86,904	Interior renovations needed due to water loss from occupied unit above Unit E.	[O] Robert W Duncan [A] Scott Phillips [C] AdvantaClean of Metro New Orleans LLC dba AdvantaClean of Metro New Orleans
5333 Magazine St Apt A	Renovation (Non-Structural) $50,400	Existing \| 1st Floor – 2 Residential Units; 2nd Floor – 2 Residential Units \|\| Proposed \| 1st Floor – Offices; 2nd Floor – Vacant Office [No Occupancy, This Application] OCCUPANCY TO ONLY BE GIVEN ON FIRST FLOOR OF BUILDING	[O] LBP Real Estate LLC [A] Charles Neyrey [C]
14601 Old Gentilly Rd	Electrical Repair / Replacement / Addition $42,811	Electrical renovation of CP Office area	[O] Folger Coffeeco The [A] Jonathan S. Frischhertz [C] Jonathan S. Frischhertz
6823 Saint Charles Ave	Renovation (Non-Structural) $35,000	Equipment upgrades at an existing wireless facility.	[O] Administrators of The Tulane Educ Fund [A] MasTec Network Solutions [C] Mastec Network Solutions Inc
316 Magazine St	Mechanical Fuel Gas $29,000	Provide and install new natural gas as shown in drawings developed by Trapolin Architects (water heaters)	[O] New Orleans Board of Trade 316 II LLC [A] Matthew J Mabry [C]
1441 Saint Peter St	Accessory Structure $28,409	Install 100Kw Generac Generator	[O] The City Of New Orleans [A] Jonathan S. Frischhertz [C] Frischhertz Electric
601 Royal St, 707 Toulouse St	Renovation (Non-Structural) $26,100	Replacement of exterior lighting, exterior masonry repairs and replace existing PVC vent pipes to new cast iron vent pipes.	[O] Su Lu Ette De LLC [A] Duvernay Leo [C]
5757 Read Blvd	Renovation (Non-Structural) $9,500		[O] Afc Enterprises Inc [A] Amadeo J Munoz [C] ONE CONSTRUCTION, LLC
1934 Washington Ave Apt 201	Electrical Service / Circuit / Feeder $7,500	INSTALL COMPLETE ELECTRICAL SYSTEM WITH 100AMP SERVICE.	[O] Lawrence J Despenza [A] Damian Randolph [C] Damian Randolph
1934 Washington Ave Apt 102	Electrical Service / Circuit / Feeder $7,500	INSTALL COMPLETE ELECTRICAL SYSTEM WITH A 100AMP SERVICE.	[O] Lawrence J Despenza [A] Damian Randolph [C] Damian Randolph
1923 Eagle St	Mechanical HVAC $5,100	Install 6 mini split heads, 3 condenser and 1 range hood.	[O] Lincoln Grove 1 LLC [A] Damien Byran Bridges [C]
1925 Eagle St	Mechanical HVAC $5,100	Install 6 mini split AC heads ,3 condenser and 1 range hood .	[O] Lincoln Grove 1 LLC [A] Damien Byran Bridges [C]
1934 Washington Ave Apt 102	Mechanical Fuel Gas $3,000	INSTALL A GASLINE AND GAS HOT WATER HEATER.	[O] Lawrence J Despenza [A] Damian Randolph [C]
1934 Washington Ave Apt 201	Mechanical HVAC $3,000	INSTALL 2TON CONDENSOR UNIT	[O] Lawrence J Despenza [A] Damian Randolph [C]
1934 Washington Ave Apt 201	Mechanical Fuel Gas $3,000	INSTALL A GAS LINE AND A GAS HWH	[O] Lawrence J Despenza [A] Damian Randolph [C]
616 N Rampart St	Electrical Service / Circuit / Feeder $2,100	Add two 20 amp lines for plugs and lights	[O] Rampart 618 LLC [A] Charles Hilliard Scott IV [C] Charles Hilliard Scott IV
2033 Saint Anthony St Apt 2	Electrical Repair / Replacement / Addition $800	Electric Repair ( Stove Plug Burned) and vacancy inspection	[O] Cornell Pendleton [A] Perry Joseph Becnel [C] Perry Joseph Becnel
2033 Saint Anthony St Apt 1	Electrical Vacancy $800	Vacancy	[O] Cornell Pendleton [A] Perry Joseph Becnel [C] Perry Joseph Becnel
7818 Maple St	Mechanical Fuel Gas $575	6 month gas test	[O] Steven C Sobel [A] Kevin J Monvoisin [C]
7851 Symmes Ave Apt 3	Electrical Repair / Replacement / Addition $500	RISER CAME OFF STRUCTIVE DUE TO HIGH WINDS.REATTACHED STEM AND POINT OF ATTACHMENT,REPLACED METER HUB	[O] Federal Home Loan Mortgage Corporation [A] Elliott Joseph Jenkins [C] Elliott Joseph Jenkins
936 Esplanade Ave Apt 201	Electrical Vacancy $450	Vacancy Inspection to release meter to Entergy for reconnection	[O] 936 Esplanade LLC [A] WILLIAM Floyd Schell III [C] WILLIAM Floyd Schell III
714 N Claiborne Ave	Mechanical Fuel Gas $450	vacancy	[O] Tata’s’s Blues and Barbeque LLC [A] Omar Sanders [C] Omar Sanders
1929 Napoleon Ave	Mechanical Fuel Gas $400	Gas out six months.	[O] Kleinpeter George C Jr Kleinpeter Shirley M [A] Danny Griffin [C]
1635 Robert St	Mechanical Fuel Gas $350	6 Month Gas Test & Inspection	[O] Randolph L Roig [A] Noel Irsch Jr [C]
821 Baronne St	Electrical Repair / Replacement / Addition $250	Hook-up one projection moutned building sign to a pre-existing electrical circuit	[O] Wdg Investments LLC [A] Thomas Woodrow Schwall [C] Thomas Woodrow Schwall
616 N Rampart St	Electrical Vacancy $200	For a meter	[O] Rampart 618 LLC [A] Corey Danial Morgan [C] Corey Danial Morgan
7851 Symmes Ave -Apt 4	Change of Address N/A	23-34690-ERPR Three to Four Family ADD 7851 Symmes Ave Apt 1 (AM10996187) ADD 7851 Symmes Ave Apt 2 (AM10989186) ADD 7851 Symmes Ave Apt 3 (AM10989736) ADD 7851 Symmes Ave Apt 4	[O] Federal Home Loan Mortgage Corporation [A] Federal Home Loan Mortgage Corporation [C]
505 O’keefe Ave	Small Cell Installation N/A	SCENARIO 1: REMOVING EXISTING COMMSCOPE ION-M17EHP/19P (1) RADIO AND ADD NEW NOKIA AHFIB – B2 B66(1), AWHHF – B41(1) RADIOS. REPLACE EXISTING ANTENNA AMPHENOL CWC360W12F02D0U WITH AMPHENOL – 2C6U4MT360X12F020S0 ANTENNA. SCENARIO 2: REMOVE EXISTING COMMSCOPE ION-M17EHP/19P (1) NOKIA FWHR B41(1) RADIOS ADD NEW NOKIA AHFIB – B2 B66(1), AWHHF – B41(1) RADIOS	[O] [A] Crown Castle Fiber LLC [C] Carman Industries LLC
719 Saint James St	Float N/A	float inspections	[O] Wholesalers Development Co [A] J Rosevally J J Anthony [C]
719 Harmony St	Construction Loop N/A	construction pole permit needed	[O] Emilie H Montgomery [A] Lawrence L. (Ras) Jordan [C] Lawrence L. (Ras) Jordan
102 Henderson St, 1301 Convention Center Blvd, 1400 Tchoupitoulas St, 1456 Tchoupitoulas St, 1500 Tchoupitoulas St, 300 Henderson St, 300 Race St, 301 Race St, 350 Henderson St, 355 Henderson St, 400 Race St, 425 Race St	Change of Address N/A	Major resubdvision of Squres RP-1, RP-2, 20-B, 40, RP-3, CC-2, and 41 in the First Municipal District and bounded by Orange Street, Tchoupitoulas Street, Calliope Street, Convention Center Boulevard, Henderson Street, and Port of New Orleans Place into Parcels (lots) 2A, 2B, 2C, 3A, 3B, 3C, 4, 5, 5B, 6A, 6B, 7, and 8. RETIRE Addresses: 417, 431 Orange St 424, 426, 428 Euterpe St 1449, 1455, 1465 S Peters St 1416, 1484, 1510, 1528 Tchoupitoulas St ADD 350 Henderson St for LOT 2B Change 1400 Tchoupitoulas St LOT G to 1400 Tchoupitoulas St for LOT 3A Change 355 Henderson St LOT G to 355 Henderson St for LOT 3C Change 300 Henderson St LOT L to 300 Henderson St for LOT 2A Change 102 Henderson St LOT J to 102 Henderson St for LOT 4 Change 400 Race St LOT N to 400 Race St for LOT 6A Change 390 Race St LOT M to 400 Race St for LOT 7 KEEP 1301 Convention Center BLVD for LOT 3B KEEP 1456 Tchoupitoulas St for LOT 2C KEEP 425 Race St for LOT 5 KEEP 301 Race St for LOT 8 KEEP 1500 Tchoupitoulas St for LOT 6B	[O] Ernest N Morial Convention Center, River Park Partnership Fka New [A] Ernest N Morial Convention Center [C]
3909 Panama Ct Apt 1A-Apt 2B	Change of Address N/A	update addresses NCU 03/24/2016 Change 3909 Panama Ct Apt A to 3909 Panama Ct Apt 1A (AM10831325) Change 3909 Panama Ct Apt B to 3909 Panama Ct Apt 1B (AM11977607) Change 3909 Panama Ct Apt C to 3909 Panama Ct Apt 2A (AM10825978) Change 3909 Panama Ct Apt D to 3909 Panama Ct Apt 2B (AM11667115)	[O] Jorge Maldonado [A] Jorge Maldonado [C]
3100-3114 Saint Claude Ave	Change of Address N/A	Resubdivision of Lots A and C in Square 362, Third Municipal District and bounded by St. Claude Avenue, Louisa Street, North Rampart Street, and Clouet Street into Lot C1. RETIRE 3114 St Claude Ave KEEP 3100 St Claude Ave	[O] St Catherine Properties LLC, St Caterine Properties LLC [A] St Catherine Properties LLC [C]
811 Cherokee St, 813 Cherokee St, 815 Cherokee St, 809 Cherokee St Apt 101, 809 Cherokee St Apt 102, 809 Cherokee St Apt 201, 809 Cherokee St Apt 202, 809 Cherokee St Apt 301, 809 Cherokee St Apt 302	Change of Address N/A	Updating property addresses to standards Change 809-C Cherokee Street to 809 Cherokee Street Apt 101 (AM10451517) Change 809-B Cherokee Street to 809 Cherokee Street Apt 102 Change 815 Cherokee Street to 809 Cherokee Street Apt 201 ( AM10451518) Change 809-A Cherokee Street to 809 Cherokee Street Apt 202 (AM10451519) Change 813 Cherokee Street to 809 Cherokee Street Apt 301 (AM10451520) Change 811 Cherokee Street to 809 Cherokee Street Apt 302 (AM10451512) RETIRE 815 Cherokee St	[O] Citizen Property III LLC [A] Citizen Property III, LLC [C]
7007 Magazine St, 7005 Magazine St, 7009 Magazine St, 7007 Magazine St Apt 1A, 7007 Magazine St Apt 1B, 7007 Magazine St Apt 2A, 7007 Magazine St Apt 2B	Change of Address N/A	23-23843-RNVS Three to Four Family CHANGE 7007 Magazine St to 7007 Magazine St Apt 1A CHANGE 7007 1/2 Magazine St to 7007 Magazine St Apt 1B CHANGE 7009 Magazine St to 7007 Magazine St Apt 2A CHANGE 7005 Magazine St to 7007 Magazine St Apt 2B	[O] Louis J Napolitano [A] Louis J Napolitano [C]

Sale records included based on the following parameters: Building and commercial land sales with a sales price that is either withheld or greater than or equal to $300,000. Multifamily sales greater than or equal to 5 units. Sale must be an arm’s length transaction (between unrelated parties). Best efforts are made to provide complete and reliable information, but accuracy is not guaranteed and the reader bears the responsibility to verify the accuracy of such information prior to forwarding it, utilizing it, or relying on it in any way.

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