Rod's Notes

Rod's Notes For Wednesday 08/01/12


 Rod’s Radio Show Notes
August 1st 2012

 

Go to:  www.rodnolespropertymanagement.com and click on radio notes and sign up to have them emailed each week. If you know of someone looking for rental space, apartments, homes, retail, office or industrial send them to www.rodnolespropertymanagement.
 
You can participate in the show by calling 318-442-8255 (talk) between 8:05 and 8:55 on Wednesday morning.  Do not attempt to call Saturday this is our encore performance (fancy way to say taped).

 
Every Deal Has a Tale / Tail:
 
Stock Yard story to share with listeners (1) ownership (2) linkage (3) developer back to drawing board (4) This will be a 100 step process & David Strange is now at step 35 with 65 steps to go.  
Blue building South MacArthur Drive former McNeal Lumber yard will be distribution center for beauty products.
 
Metal building with frame going up in metro-Plex is climate control storage.
 
Rumor that Rapides Hospital purchased Bowling Alley not true see attached flyer and floor plan for Four Season bowling plaza.
 
George M Johnson, et al to SDH Acquisition, LLC (3334 Hwy. 112, Lecompte, LA 71346) - 40.07 acres in Sec 18, T1NR1W, $500,000.00. This is George Johnson Nursery sale in Lecompte, Forest Hill area from the estate of George and Vera Johnson. The buyers are Stephen W. Head and Debra St. Romain Head from Lecompte.
 
Jewel & Jim's, LLC Erma Adams former office (900 Hiawatha Trail, Pineville, LA 71360) to KCSC Properties, LLC Burton Kolder and Russell Champagne (183 South Beadle Road, Lafayette, LA 70508) - Lot 20-B of the resubdivision of Lot 20, Metro-Plex Subd. (1428 Metro Dr., Alex., LA 71301), $300,000.00.
 
Brandon D Tyler Dean Tyler  (67 Nation Road, Deville, LA 71328) to 1106 Main St., LLC Gregg Thompson(P O Box 7522, Alex., LA 71306) - 1.382 acre tract - no other description given, $90,000.00. Just the right size for Dollar General but cannot tell from legal description where?
 
Cupples Properties, LLC (88 Hwy. 8, Lena, LA 71447) to Rapides Parish School Board (P O Box 1230, Alex., LA 71303) - .31 acre tract on or near Kathy Dr., Pineville, LA, $5,200.00
 
Shaw group sold for over 3 billion dollars concern in Baton Rouge is this large company will now move their headquarters. Happen to Central La. with McKesson selling to Parata. That’s why CLEDA’S goals are (1) retain (2) expanded and (3) attract.
 
Construction Contracts Recorded:
 
People not Properties:
 
Harold Turner city president for Red River bank in Shreveport and Bossier City being induced into “business hall of fame” and I have been asked to tape video clip about our starting our business together.
 
Ed Pebbles passed away last week. He and his wife Patty founded local Shipley Donuts and later expanded into Exxon gas stations. Community leader and quiet the character.

Announcements, Attachments and Travels:

Hebert Open House Plaza 28 next to Wal-Mart on 28 West 11:00am-1:00pm TODAY

General Membership meeting for local board of Realtors at Saint Rita Church conference center tomorrow August 2nd at 10:00am

England Authority Sales: None for this week

Rod’s Economic Indicator Perfect Score is 5.
 
When top rating of 5 appears week after week I will share with our audience, that “Green Shots” is here and recovery is in full swing. 
 
(+ 3.75) Legal Recorder Data:

Five business days from time period of July 23rd through July 27th,
  
(1)Total of 40 closed deals for the week has positive score
(2) At least one new home sale for the week has positive score
(3) At least one subdivision lot sale for the week garners positive score
(4) Number of lender sales in market place is less than 5% of the total market sales for the week.   
 
(+1.25) Total Weekly Volume:
 
During 5 business days of last week the market gave us $5,181,745 with 40 transactions.
 
(+1.25) Lot sales:
 
To rank positive score need one sale market gave us three sales.
 
The Lake District, LLC (P O Box 12487, Alex., LA 71315) to Dolores L Distefano (412A Ansley Blvd., Alex., LA 71303) - Lot 100, The Lake District, Phase 1, $35,000.00
 
West Pointe on the Bayou, LLC (P O Box 12846, Alex., LA 71315) to V & V Builders, LLC (P O Box 12846, Alex., LA 71315) - Lot 326, West Pointe on the Bayou, Phase XII (203 West Bronson Dr., Alex., LA 71303), $22,000.00
 
Beebe Properties, LLC (6031 Stonegate Dr., Alex., LA 71303) to Donald J Cassano, Jr. & Elizabeth B Cassano (5991 Stonegate Dr., Alex., LA 71303) - Lot 53, Crossgates, Phase IV (5993 Stonegate Dr., Alex., LA 71303), $34,000.00
 
(+1.25) New Home Sales:
 
Looking for one new home sale for positive score and market gave us a single sale for positive score
 
Team Realty, LLC (3400 Hwy. 28 East, Pineville, LA 71360) to Darrell E & Cheryl A Parks (2001 Anthony Lane, McHenry, IL 60051) - Lot 205, Tennyson Oaks Subd. (6409 Arden Oaks, Alex., LA 71301), $412,500.00
 
Lender Sales as Percent of Total Sales:
 
Rates positive score if lender sales are below 5% of total sales, this week market gave us two sales with volume of $275,000 / $5,181,745 = 5.32% which ranks negative score for the seek.
 
Dept. of HUD to Bowdon Holdings Corp. (2245 Keller Way, Suite 340, Carrollton, TX 75006) - Lot 8, LA Investment & Securities Co. Subd. (5138 Old Marksville Hwy., Pineville, LA 71360), $85,555.00
 
Bowdon Holdings Corp. (2245 Keller Way, Suite 340, Carrollton, TX 75006) to Justin P & Amy G Morgan (5911 Squires Lane, Ball, LA 71405) - Tract in Sec 10, T4NR2E (841 Barron Chapel Road, Pineville, LA 71360), $190,000.00
 
Interest Rates:
 
30 year rate was 3.54% this week is 3.57%, the 15 year rate was 2.96% this week it is 2.97%, the 5/1 ARM was 3.02% now 3.08%. Slight uptick in rates.
 

4 Seasons Bowling Alley
 
To view attachments of the 4 Seasons Bowling Alley go to www.rodnolespropertymanagement.com and click on August 1st 2012 notes. Open the notes and scroll to the bottom of the notes. Call Priscilla at (318)483-1551 or email her at pperry@noles-frye.com if you need assistance.

God Bless America!

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