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).

I was in Las Vegas earlier part of the week: National Meeting for Commercial Realtors around the world CCIM. Monday was the final exam and La. has six new CCIM designees Matt Ritchie and I were at the reception to pin them. I will have the list of six new CCIM designees from Louisiana next week. I when to South Carolina / LSU game got home around 1:30 am and left for Las Vegas Sunday got back Wednesday night around 8:00 PM.

Some of the things I learned and heard are not time sensitive and I will be reporting details over the next few shows. Could be Bobbi Walker (not sure of her married name) who is the daughter of Soozi Jones Walker CCIM and faculty member from Las Vegas will call the show either today or next week. Bobbi was in charge of the conference and it is 6:00 AM her time

.

Speakers included:

Mayor of Las Vegas Carolyn Goodman

James Murren CEO of MGM and development manager for City Center

Dr. Mark G. Dotzour chief economist for Texas A&M real estate department

Mark Vitner head economist for Wells Fargo

Attached to my notes is Phd. Loren Scott presentation to annual economic forecast in Baton Rouge last week. Will report some of the details in later shows.

Every deal has a tale / tail:

Dean Bentley, LLC to Hotel Bentley of Alexandria, LLC - 1.045 acres described as Sq 9, City of Alex. (200 DeSoto St., Alex., LA 71301), $3,400,000. While I was still the owner of Noles-Frye Realty Gary McKay wrote a purchase agreement for $5,000,000 all cash for the Bentley and I delivered it to Bob Dean. This was approximately 4 years ago and Dean turned down the offer and has been paying debt on $4,000,000 mortgage all that time. By turning down the McKay offer it probably cost Bob Dean $3,500,000.

JRT of Louisiana, Inc. (P O Box 12275, Alex., LA 71315) to Antoon Properties II, LLC (P O Box 222, Alex., LA 71309) - Lot 136, Fairfield Subd., Phase IV, et al (100 Belleau Wood Blvd., Alex., LA 71303), $245,000.00. Antoon Properties II, LLC (5300 Bayou Rapides Road, Alex., LA 71303) to Red River Bank (1412 Centre Court, Alex., LA 71301) - Lot 136, Fairfield Subd., Phase IV, et al (100 Belleau Wood Blvd., Alex., LA 71303), $641,000.00. Tommy has purchased the remaining inventory both developed and undeveloped that John Rodth owned in Fairfield.

BATSC, LLC Vercher & Volman (P O Box 1110, Alex., LA 71309) to RDK Properties, LLC Richard Kyle (1423 Lee St., Alex., LA 71301) - Part of Lot 12, R C Baker Subd., $522,000.00. Former H&E location on Industrial drive presently leased to national trucking company address is 3302 Industrial drive consist of 1.85 acres. Richard owns property on both sides which brings him to Sterkyx on one side and one parcel from the corner of Lee Street.

The Romero Corp. (P O Box 5545, Alex., LA 71307) to Kisatchie Corp. (P O Box 1438, Winnfield, LA 71483) - .863 acres in Sec 33, T4NR1W, $404,000.00. Teddy Rae Price is now in the home health care business and this is the headquarters for that division.

Fred H & Robin M Ruggles to Randy D Greene (1718 Metro Dr., Alex., LA 71301) - .369 acres in Sec 26, T4NR1W, $134,370.28. This is a parcel on 28 West with 60.58’ frontage with depth of 250’ appears to be land on East side of shopping center where detail car business is located.

Nursery sale 3^rd week in a row

Chome &Phounsavanh X Riengxay (121419 Hwy. 165 South, Glenmora, LA 71433) to Ricky D & Dana M Elliott (P O Box 434, Forest Hill, LA 71430) - 39.97 acres in Sec 27 & 28, T1SR2W, $175,000.00

Construction Contracts

Military Dept., State of LA to Tudor, Inc. (1412 Centre Court, Suite 500, Alex., LA 71315) - Construct new fire arms training simulator, Camp Beauregard Range Central, Pineville, LA, $500,000.00

Real Estate Mortgages above $1,000,000

GCM, LLC Fred Ruggles (6320 Coliseum Blvd., Alex., LA 71303) to Southern Heritage Bank (5211 Jackson St., Alex., LA 71303) - 1.941 acres in Sec 26, T4NR1W (6320 Coliseum Blvd., Alex., LA 71303), $1,330,000.00. Strip center adjacent to LeGlue car dealership.

24K, LLC Mike Jenkins (201 Johnston St., Suite 101, Alex., LA 71301) to Red River Bank (1412 Centre Court, Alex., LA 71301) - Lots 1 & 4, Sq 12, Old Town Addn. (201 Johnston St., Alex., LA 71301), $1,000,000.00. Commercial building at the corner of third and Johnston extends to Second Street.

(+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. 

Legal recorder data: five business days from time period of October 8th^t through 12^th

(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 was: $7,943,199 with 39 transactions which rates positive score for the week. Three commercial sales totaled $4,326,000 leaving balance of weekly volume at $3,617,199.

(+1.25) Lot sales: To rank positive score need one sale market gave us two plus the sale out of Fairfield’s remaining inventory to Tommy Antoon.

Commercial Partners, LLC (3219 Marye St., Alex., LA 71301) to Owen P Begnaud, et al (P O Box B, Grand Coteau, LA 70541) - Part of Lot 3, Elza Hebert Estates, $30,000

Interest rates: 30 year rate was 3.43% this week is 3.46%, the 15 year rate was 2.83% this week it is 2.84%, the 5/1 ARM was 2.99% now 2.99%.

Robert Kinberger financial comparisons: Wall Street calls them Indices.

Indices

Consumer Money Rates

Currencies

Commodities

<br />

Bond Rates