Rod's Notes

Rod's Notes For Wednesday 09/19/12


Rod Noles Property Management, Inc.

 

 

 Rod’s Radio Show Notes
September 19th 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:

Louisiana Housing Finance Authority had disappointing news for Stock yard development with developer David Strange. Lower Third Street mix use of retail and apartments did not make tax credit allocation cut. This time around board gave 10 point preference for rural and 10 point preference for veterans. David Strange will be back but we are not likely to see his development come out of the ground in next 12 months.
 
Commercial Properties Resources, LLC (611 Shellbeach Dr., Lake Charles, LA 70601) to MFTA Investments, LLC Joel Angelle (123 Milan Circle, Lafayette, LA 70508) - Lot 21, Blk 6, Willow Glen Plantation Subd., et al, $155,000.00. 5225 Morgan street I once own this building sold it years ago to Cummins Diesel in Lake Charles. Dale Danean was listing agent and I am not sure if he was selling agent also. Largest Commercial deal of the week.
 
BNH, LLC Ben Hargis (675 Johnston St., Alex., LA 71301) to Light It Up, LLC Spencer Marks (2312 S MacArthur Dr., Alex., LA 71301) - .066 acres in Sec 21, T4NR1W, $45,000.00. New site for digital billboard one of many hats that Spencer wears, he is an attorney, real estate broker, real estate developer, and has digital billboards.
 
Brian Caubarreaux has a law firm in Marksville and just bought Mardi Gras Plaza at 4501 Jackson Street. They will open a satellite office in Suite A within the next thirty days. If you have paralegal or law firm secretarial experience email or call Brian with your resume. (318)253-0900
 
Louisiana College Acquisitions This Year: 3 transaction nearly $300,000

04/23/2012

1912/469 1473744

Nolan E & Priya K Daniel (116 Don Lane, Pineville, LA 71360) to Louisiana College (LC Box 381, Pineville, LA 71359) - Lot 9, Blk B, W H Barron Subd. (1303 College Dr., Pineville, LA 71360), $114,500.00. Between Mary Street and Myrtle on College Drive> the college owns one other property in that block.

05/24/2012

1915/928 1476671

Blanche E Hodge (1740 Hwy. 1241, Dry Prong, LA 71423) to Louisiana College (LC Box 381, Pineville, LA 71359) - Part of Lot 2, Blk 2, Lawrence & Lewis Subd. (505 Pine St., Pineville, LA 71360), $56,000.00. Large parcel 227’’ deep near corner of Pine and College, first purchase on this side of Pine. The college owns 541’ frontage on track across the street.

09/13/2012

1928/444 1485577

Tina L Gentry (P O Box 8711, Alex., LA 71306) to Louisiana College (1140 College Dr., Pineville, LA 71360) - .554 acres in Sec 22, T4NR1W (1304 Donahue Ferry road, Pineville, LA 71360), $125,000.00. Donahue and Main LC own property next door which is left side of road as you enter LC.

 
Acreage Sales:

8 sales with 206.21 acres total for volume in acreage for the week of $657,272
 
David L Alwell, et al (202 Vanburg Place, Lafayette, LA 70508) to Janet A Arias (7991 Secluded Lane, Denver, NC 28037) - 11.11 acres in Sec 22, T5NR3E, $17,400.00
 
Michael S Barnett (P O Box 111, Otis, LA 71466) to Samantha S Gerace (13232 Hwy. 1, Simmesport, LA 71369) - 3 acres in Sec 2, T3NR4W, $28,500.00
 
Jesse W & Merjoery P Lott (1570 Evangeline Road, Glenmora, LA 71433) to Elza N & Kristain D Sweat (174 Diddle Babb Road, Glenmora, LA 71433) - 10.37 acres in Sec 28, T1SR2W, $41,480.00
 
Jesse W & Merjoery P Lott (1570 Evangeline Road, Glenmora, LA 71433) to Zenas P Strother, Jr. (P O Box 491, Glenmora, LA 71433) - 10.37 acres in Sec 28, T1SR2W, $41,480.00
 
William D & Roxanne P Harvey (P O Box 278, Lecompte, LA 71346) to Ernest L Doyal (409 H Strange Road, Lecompte, LA 71346) - 2.21 acres in Sec 58, T2NR1W, $50,000.00
 
Larry R Shoemaker, et al (266 Bobby Sam Court, Collinsville, TX 76233) to Crest Natural Resources, LLC (P O Box 6115, Alex., LA 71307) - 50 acres in Sec 12, T5NRW, $100,000.00
 
Richard C Brasher, et al (2303 Marye St., Alex., LA 71301) to Crest Natural Resources, LLC (P O Box 6115, Alex., LA 71307) - 110 acres in Sec 31, T5NR1E, $158,412.50
 
Wilbert J Saucier, Jr. & Betty A Saucier (111 Rebel Run, Pineville, LA 71360) to John H Hertz, Jr. & Pamela S Hertz (5612 Pinekraft Dr., Pineville, LA 71360) - 9.15 acres in Sec 41, T4NR1E, $220,000.00
 
Double Play on Georges Lane:
Last Week over $2,000,000 in home sales.

 
Lawrence P & Susan C Menache (3028 George's Lane, Alex., LA 71301) to Gregory C & Shawn E Dowd (2828 George's Lane, Alex., LA 71301) - Lots 4 & 5, Mrs. J E Thorsell's Subd., et al (3028 Georges Lane, Alex., LA 71301), $1,250,000.00
 
C D Parrott Properties, LLC (P O Box 798, Ruston, LA 71273) to Lawrence P & Susan C Menache (3121 Georges Lane, Alex., LA 71301) - Lot 2, Park Land Co. Subd. (3121 Georges Lane, Alex., LA 71301), $825,000.00
 
Triple Play Just In Time for Baseball Playoffs:

$1,078,000 in three sales all tied together.
 
William S Carstens, Sr. & Elizabeth M Carstens (1243 Southampton Dr., Alex., LA 71303) to Gerald J & Margaret D Lacombe (P O Box 13674, Alex., LA 71315) - Lot 146, Tennyson Oaks Subd., Phase 7A (6409 Audubon Oaks, Alex., LA 71301), $485,000.00
 
Richard C Bordelon (6006 Coty Dr., Alex., LA 71303) to William S Carstens, Sr. & Elizabeth M Carstens (1243 Southampton Dr., Alex., LA 71403) - Lot 139, Wilshire Park Subd. (1243 Southampton Dr., Alex., LA 71303), $345,000.00
 
Jarred B & Debra D Parker (138 Evans Shel, Alex., LA 71301) to Richard C Bordelon (1243 Southampton Dr., Alex., LA 71301) - Lot 178, West Point Subd., Phase VII (6006 Coty Dr., Alex., LA 71303), $248,000.00
 
Construction Contracts:

Coliseum Properties, LLC John Murphy (5845 Coliseum Blvd., Alex., LA 70130) to Woodward Design + Build, LLC (1000S Jefferson Davis Parkway, New Orleans, LA 70125) - Southern Cadillac/Chevrolet Image Upgrade, $861,946.00
 
People Not Properties:

The Home Builders Association of Central LA lost a member and good friend this week. Robbie Williams of Cowboy Construction passed away on Monday, Sept. 10, 2012. 
 
(+5.00) 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. 
 
Numbers of Interest:

25% of seniors receiving Medicare spend all their saving and must sell their homes and other assets to pay for non-covered medical care in the last five years of life.
 
60% of our pets are prone to obesity, I guess that where the term “fat cat” comes from?
 
716,000 number of state and local government workers who have lost their jobs since 2008.
 
18.9% of Americans smoke down from 20.4% in 2008
 
Legal Recorder Data:

Five business days from time period of September 10th through September 14th
  
(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:

It’s been a great week with 58 transactions and $8,950,987 in total volume.
 
(+1.25) Lot Sales:

To rank positive score need one sale market gave us a single sale.
 
DONK, LLC (1580 Hwy. 115, Deville, LA 71328) to Sid J Mcginley & Joan E West (15 Marie Lane, Boyce, LA 71409) - Tract in Sec 18, T3NR3W, $23,000.00.

(+1.25) New Home Sales:

Looking for one new home sale for positive score and market gave us single sale but Bryan Peart  contracted for three lots in Tennyson Oaks.  
 
Bryan N Peart, Jr. & Inez M Peart (201 Peart Lane, Pineville, LA 71360) to Aaron D & Elizabeth Q McLemore (6316 Arden Oaks, Alex., LA 71301) - Lot 182, Tennyson Oaks Subd., Phase 8 (6316 Arden Oaks, Alex., LA 71301), $425,000.00
 
(+1.25) Lender Sales as Percent of Total Sales:

Rates positive score if lender sales are below 5% of total sales, this week market gave us zero with 58 transaction and nearly $7,000,000 in sales with no foreclosures.
 
We have 9 lots under contract in Tennyson Oaks and only 14 remaining in our inventory.

Interest Rates:

30 year rate was 3.52% this week is 3.52%, the 15 year rate was 2.93% this week it is 2.93%, the 5/1 ARM was 2.90% now 2.95%.
 
Federal Reserve Chairman, Ben Bernanke just announced that the Fed will continue its policy of accommodation and support our economy’s growth and development. September 13th 2012 The Federal Reserve committed to buy $40 Billion per month in Mortgage Backed Securities. While this will create some momentary mortgage rate volatility, most agree that this move maintains tremendous downward pressure on mortgage interest rates. The stock markets are responding positively to this news and we should get out there and re-iterate our position that there truly may not be a better time to buy a home than right now. 
 
Indices:
Furnished by Robert Kinberger

 

Last

Last Week

YTD return %

DJIA

13539.86

13292.00

10.82%

NASDAQ

3155.83

3135.81

21.14%

S&P 500

1459.99

1432.12

16.09%

MSCI EAFE

1531.29

1484.75

8.41%

Russell 2000

856.12

837.95

15.55%

 
Consumer Money Rates

 

Last

1-year ago

Prime Rate

3.25

3.25

Fed Funds

0.15

0.13

30-year mortgage

3.58

4.37

 
Currencies

 

Last

1-year ago

Dollars per British Pound

1.611

1.582

Dollars per Euro

1.291

1.371

Japanese Yen per Dollar

77.610

76.870

Canadian Dollars per Dollar

0.973

0.990

Mexican Peso per Dollar

12.920

12.902

 
Commodities

 

Last

1-year ago

Crude Oil

98.31

90.21

Gold

1752.95

1828.88

 
Bond Rates

 

Last

1-month ago

2-year treasury

0.23

0.29

10-year treasury

1.54

1.72

10-year municipal (TEY)

2.83

3.15

 
 

You are invited to attend
CLEDA Quarterly Innovation Luncheon
Featuring Guest Speaker
Jay C. Moon, CEcD, FM
President and CEO – Mississippi Manufacturers Association
Chairman – International Economic Development Council
speaking on
The Future of
Manufacturing in the South
Noon on Monday, September 24, 2012
Country Inn and Suites Conference Center
2727 Monroe Highway 165
Pineville, LA 71360
Tickets are $20 each. A table of 10 tickets may be reserved for $175.
For more information, call (318) 441-3403 or visit
www.centrallouisiana.org
RESERVATIONS ARE MANDATORY
Reservations cannot be accepted after September 17.
 

 
 

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