Rod's Notes

Rod's Notes For Friday 7/19/13


 

Radio Show Notes July 19th 2013

 

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). KSYL has now added Wednesday evening encore at 8:00 pm

Every Deal has a Tale / Tail:
 
Rumor on Whitney did not play out last week. That’s how rumors work sometimes they just ain’t true.
 
Rapides Parish Police Jury (P O Box 1150, Alex., LA 71309) to Fourwills, LLC (4740 Jackson St. Ext., Alex., LA 71303) - Lot 2, Sq 1, Fairview Addn., et al (3311 Third St., Alex., LA 71301), $78,000.00
 
Charles B & Helen Vanderlick (5917 Bayou Rapides Road, Alex., LA 71303) to V2 Properties, LLC (1022 Rochel Dr., Sport, LA 71115) - Tract in Sec 3, T1NR1E (? Hwy. 457, Lecompte, LA 71346), $320,000.00
 
RAPC filing for  Wal-Mart connection now lined up with Provine and not Ansley. Much better plan have I said lately how smart Wayne Vollman and Joey Vercher are? I need to add they are an asset for Central La. Real Estate.
 
Sundrop Fuels Selects IHI E&C International Corp.for Inaugural Commercial and Demonstration Plant
 
LONGMONT, COLORADO [July 10, 2013] - Sundrop Fuels, Inc., a privately-held advanced biofuels company, announced that it has engaged international engineering and construction firm IHI E&C International Corporation, a US subsidiary of Tokyo-based IHI Corporation, as contractor of choice for its inaugural facility near Alexandria, Louisiana.  The combined commercial and demonstration plant will annually produce about 60 million gallons of finished gasoline from natural gas while providing the platform for Sundrop Fuels to prove its proprietary gasification technology for making renewable "green gasoline" from woody biomass.   
 
The success of Sundrop Fuels' integrated commercial and demonstration plant will put in motion the company's plan to build a series of renewable gasoline "megaplants," each producing more than 200 million gallons of drop-in cellulosic biofuel annually.  Sundrop Fuels expects to eventually have four such facilities in operation, representing a combined production capacity of more than one billion gallons - a significant percentage of the total cellulosic advanced biofuels goal set by the nation's Renewable Fuels Standard (RFS).
 
"With IHI E&C's talent and resources, Sundrop Fuels looks forward to formally breaking ground on the final stepping-stone toward becoming a major producer of affordable, drop-in biofuel," said Sundrop Fuels Chief Executive Officer Wayne Simmons. "It has extensive experience and a long history of successful project execution in plants with similar configurations and process units."
"We are very excited to be involved in this gas to gasoline commercial project that utilizes proven technologies for the conversion of natural gas, first to methanol, and then to gasoline," said Glyn Rodgers, IHI E&C President.
Located one mile west of Alexandria in Boyce, Louisiana, Sundrop Fuels has begun site preparation on the combined commercial and demonstration plant, which will occupy approximately 100 of the 1,213 acres that the company purchased in February.  Formal construction is scheduled to begin late this year, with operations expected to begin at the end of 2015.
About Sundrop Fuels, Inc.
 
Sundrop Fuels, Inc. is a privately-held advanced biofuels company with corporate headquarters in Longmont, Colorado. The company is preparing to launch construction in Central Louisiana of its inaugural fuels facility, a combined commercial production and technology demonstration plant representing the first phase in Sundrop Fuels' path to become the nation's premier mass-scale provider of renewable biogasoline.  Sundrop Fuels is backed by its strategic partner, Chesapeake Energy Corp., and by two of the world's premier venture groups, Oak Investment Partners and Kleiner Perkins Caufield & Byers.  For more information please visit www.sundropfuels.com or contact Steven Silvers, Sundrop Fuels, Inc. Corporate Affairs & Communications, at (303) 596-9960 or by email at Steven.Silvers@sundropfuels.com.
About IHI E&C
 
IHI E&C provides engineering and construction services to the global oil and gas industry, specializing in design, engineering, procurement, construction, start-up and project management for the synthesis gas & derivatives, gas processing, LNG, power, chemicals & petrochemicals, refining and mining markets. IHI E&C is based in Houston, Texas. To learn more, visit www.ihi-ec.com.
IHI Corporation (IHI) is a global engineering, construction and manufacturing company with approximately 27,000 employees in more than 10 manufacturing  centers in Japan, 18 branches and sales offices in Japan, 14 offices and 142 subsidiaries worldwide.
For more information, visit www.ihi.co.jp/en/index.html.
 
People Not Property:
 
Roy O Martin Inc make $2,000,000 gift to building expansion for LSU College of Engineering. $30 Million dollar building to be completed fall 2017. Thanks too ROM and their employees for this generous gift.
 
Town Talk series of articles on newcomers and import of folks moving home. Great local stories kudos to newspaper for great local coverage.
 
Tax code needs to be reformed now:
 
90%                Of tax payers use accountant or commercial software to file their returns
400                 Pages to federal tax rule code in 1913
16,500            Pages to 1969 tax code in 1969
72,536            Pages to federal tax rules in 2011
 
All special interest should be sliced up during reform surgery including interest deduction on home loans.
 
England Economic and Industrial Development District
 
Billy J & Carol C Jowers (40 Fredericksburg Road, Boyce, LA 71409) to The England Economic and Industrial Development District - 8.43 acres in Sec 18, T4NR2W, $114,135.00
  
Billy J & Carol C Jowers (40 Fredericksburg Road, Boyce, LA 71409) to The England Economic and Industrial Development District - Part of Lot 2, Dottie Land Subd., $89,000.00
 
Billy J & Carol C Jowers (40 Fredericksburg Road, Boyce, LA 71409) to The England Economic and Industrial Development District - Lot 11, Dottie Land Subd., $268,000.00
 
Billy J & Carol C Jowers (40 Fredericksburg Road, Boyce, LA 71409) to The England Economic and Industrial Development District - 1.724 acres in Sec 18, T4NR2W, $97,000.00
 
Billy J & Carol C Jowers (40 Fredericksburg Road, Boyce, LA 71409) to The England Economic and Industrial Development District - .612 acres in Sec 18, T4NR2W, $87,500.00
 
John & Frances Shuler (60 Williamsburg Dr., Boyce, LA 71409) to The England Economic and Industrial Development District - Lot 28, Colonial Estates, $127,000.00
 
Tips for the Week:
 
www.tresaury.state.la.us search for loss property I got my $68 have you check on yourself, family and friends?
 
Website www.gasbuddy   free app shows were the cheap gas prices are in any market.
 
Keep working after 60 years of age, after 70, and after 80 studies reveals helps fight off dementia.
 
Construction Contracts: 
 
Heart of LA FCU (303 Edgewood Dr., Pineville, LA 71360) to Ratcliff Construction Co., LLC (P O Box 7538, Alex., LA 71306) - Remodeling of Edgewood Branch (303 Edgewood Dr., Pineville, LA 71360), $1,538,914.00
 
City of Pineville to Womack & Sons Construction Group, Inc. - Construction of a domestic water and fire protection loop, College Park Subd., $47,344.00
City of Pineville to Womack & Sons Construction Group, Inc. - Water main work along Iris Park Dr., $29,375.00
 
State of LA, Military Dept. to Artech Construction & Design, LLC (1025 Palmer Chapel Road, Pineville, LA 71360) - CMF Work Order Discrepancies, Esler Field, $79,782.00
 
RAPC once a month update get website www.rapc.info  
 
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. 
 
(+2.50) Legal Recorder Data:
 
Business days from July 8th through July 12th.
 
(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:
 
Through Thursday 38 sales $4,267,463 negative score on volume this week
 
(+1.25) Lot Sales:
 
To rank positive score need one sale per week the market gave us three sales for positive score
 
V & V Properties, LLC (P O Box 12846, Alex., LA 71315) to V & V Builders, LLC (P O Box 12846, Alex., LA 71315) - Lot 208, West Pointe on the Bayou Subd., Phase IX (634 West Way Dr., Alex., LA 71303), $10,000.00
 
Charles E Arrington, et al to JAAD Builders, LLC (4400 Hwy. 28 E, Pineville, LA 71360) - 1.056 & 1.339 acre tracts in Sec 13, T5NR1W, $46,000.00
 
DKMK, LLC (6008 Stonegate Dr., Alex., LA 71303) to Bryon C & Tammi W Salazar (6524 Tennyson Oaks Lane, Alex., LA 71303) - Part of Lot 43, Crossgates, Phase III (6012 Stonegate Dr., Alex., LA 71303), $10,000.00
 
(+1.25) Home Sales:
 
We need single sale for positive score the market provided one sale for positive score
 
V & V Builders, LLC (1223 MacArthur Dr., Alex., LA 71303) to Charles R Whittington (3008 Pershing Ave., Alex., LA 71301) - Lot 276, Bocage Subd., Phase VI (21 Ragan Dr., Alex., LA 71303), $232,600.00
 
(-1.25) Lender Sales:
 
The foreclosed sales needs to be under 5% of total market volume for positive score this week we saw7 sales @ 227,350 / $4,267,463 = 5.327% average price of $45,470
 
Federal National Mtg. Assoc. (14221 Dallas Parkway, Suite 1000, Dallas, TX 75254) to Edith A Dozier (1209 Applewhite St., Alex., LA 71302) - Lot 28, Blk B, Broadway Subd. # 2 (1209 Applewhite St., Alex., LA 71302), $17,100.00
 
Federal National Mtg. Assoc. (14221 Dallas Parkway, Suite 1000, Dallas, TX 75254) to Theresa Rachal (4606 Lanny St., Alex., LA 71303) - Lot 106 of the subdivision of Lots 76-120, Walnut Grove Subd. (4606 Lanny St., Alex., LA 71303), $60,000.00
 
U S Bank to Alex Joseph (146 Wildwood Dr., Pineville, LA 71360) - Lot 27, Woodland Heights Subd. (146 Wildwood Dr., Pineville, LA 71360), $68,250.00
 
The Evangeline Bank (3700 Jackson St., Alex., LA 71303) to John C & Helen D Pickels (7545 Hwy. 1 South, Alex., LA 71302) - 1.507 acres in Sec 9, T4NR1E, $47,000.00
 
J P Morgan Chase Bank to Patrick G & Rebecca Williams (213 Varvarosky Road, Deville, LA 71328) - 6 acres in Sec 19, T4NR2E (207 Varvarosky Road, Deville, LA 71328), $35,000.00
 
Interest Rates:
 
30 year rate was 4.64% this week is 4.48%, the 15 year rate was 3.68% this week it is 3.50%.
 
2Q13 Report on sales of interest review of one dozen deals.
 
567.34, LLC (201 Johnston St., Suite 101, Alex., LA 71301) to Wellswood Farms, LLC (1500 Hwy. 456, Lecompte, LA 71346) - Tract in Sec 4, T1NR1E, et al, $2,375,000.00
 
Pollard Properties, Inc. (1103 High School Dr., Deridder, LA 70634) to Cooke Holdings, LLC (2030 North Mall Dr., Alex., LA 71301) - Lot 6B of resubdivision of Lots 5 & 6, Blk 7, Sterkx-Deming Subd., $875,000.00
 
Jones Investments, Inc. (P O Box 11735, Alex., LA 71315) to George's Lane Property, LLC (3028 George's Lane, Alex., LA 71301) - Lots 1-6 of the revision of Lots 1, 2, 3, 8, 9, 10, & 11, & 12, R J Jones Subd., et al, $1,300,000.00
 
Quality Builders, Inc. (306 Welwyn Way, Alex., LA 71303) to EP Capital, LLC (277 LaCroix Road, Pineville, LA 71360) - Lot 1, Bordelon Commercial Development in Sec 16 & 17, T4NR1W, $750,000.00
 
Rhodes Land Co., LLC (6007 Bayou Robert Dr., Alex., LA 71303) to Worley Drive Properties, LLC (6405 Genevieve Dr., Alex., LA 71301) - Lot 3, Alexandria Medical Village (2226 Worley Dr., Alex., LA 71301), $420,000.00
 
Eddie's BBQ, LLC (1021 MacArthur Dr., Alex., LA 71303) to D'Argent Development, LLC (1460 Centre Court, Alex., LA 71301) - Lot 3, Commercial Center Subd., Phase 2, $270,000.00
 
V & V Properties, LLC (P O Box 12486, Alex., LA 71315) to Ronan Investments, LLC (P O Box 651, Alex., LA 71309) - 35.531 acres in Sec 57, T4NR2W, $353,300.00
 
Simpson-Noles, LLC (4615 Parliament Dr., Alex., LA) to Ballina Farms, Inc. (4615 Parliament Dr., Suite 101, Alex., LA 71303) -  tract known as 4615 Parliament Dr., Alex., LA 71303, $1,880,000.00
 
Concourse Realty Associates I, LP (2432 Grand Concourse, The Bronx, NY 10458) to Gary W & Pamela S Babineaux (2600 WPA Road, Sulphur, LA 70663) - 2.176 & 9.989 acre tracts being part of West End Retail Center, $1,325,000.00
 
Value Place Alexandria, LLC (8621 East 21st St. North, Wichita, KS 67206) to Whg Su Alexandria, LLC (5847 San Felipe, Ste 4650, Houston, TX 77057) - Lot 3 & part of 2, Fleur De Lis Subd., $2,645,000.00
 
Blockbuster, LLC (9601 South Meridian Blvd., Englewood, CO 80112) to SE BB Alexandria, LLC (3900 N Causeway Blvd., Suite 1200, Metairie, LA 70002) - 1.605 acres on or near the intersection of Parliament Dr. & Southampton Dr., $554,923.48
 
Robert A Wolf, Jr. (4024 Jackson St. Ext., Alex., LA 71303) to Amir Taweel & Ahlam R Jabbar (4400 Lee St., Alex., LA 71302) - Lot 1, Blk D and Lot 15, Blk A, Brewer Addn., $500,000.00. Corner of Lee Street and Evergreen
 
 
Indices

 

Last

Last Week

YTD return %

DJIA

15460.92

14988.55

17.99%

NASDAQ

3578.30

3443.67

18.51%

S&P 500

1675.02

1615.41

17.45%

MSCI EAFE

1713.35

1645.23

6.82%

Russell 2000

1033.18

991.13

21.64%

 

 
Consumer Money Rates

 

Last

1-year ago

Prime Rate

3.25

3.25

Fed Funds

0.10

0.18

30-year mortgage

4.51

3.56

 

 
Currencies

 

Last

1-year ago

Dollars per British Pound

1.510

1.553

Dollars per Euro

1.302

1.225

Japanese Yen per Dollar

99.130

79.640

Canadian Dollars per Dollar

1.039

1.019

Mexican Peso per Dollar

12.870

13.331

 

 
Commodities

 

Last

1-year ago

Crude Oil

104.91

85.81

Gold

1281.43

1579.73

 

 
Bond Rates

 

Last

1-month ago

2-year treasury

0.33

0.28

10-year treasury

2.55

2.15

10-year municipal (TEY)

4.63

3.57

 

 
 
 

 
 

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