Veteran’s Day show was great you guys did a good job.
Today is my least prepared show in 10 years played poker Tuesday night loss $90 could not go to sleep until 3:00 am over slept great day to call in.
Last week teaching CCIM course in New Orleans 25 great students worked with another instructor a young man from Greenville, S.C named Laurens Nicholson. Lauren’s dad and my son in law’s grandfather were real estate partners in Greenville. Spent two weekends with our two grandsons almost enough to make us move to New Orleans.
Three new restaurants:
(1) Psche on Magazine a Donald Links restaurant Chef Links also owns Herbstaint
(2) Annunication small restaurant across the street from Couchon
(3) Weltys Deli near Camp and Poydras. The course was taught in Pan Am Building.
Jackson Street and Maureen some demolition taking place. Corner lot was re-zoned several years back for restaurant with inside alcohol sales. RB Marks Family, Spencer Marks and Gnat. Have commercial tenant ready to do a “build to suit”
Have good friend and great client in ReHab at Health South on Upper Third noticed construction at physician’s office across the street need some drive by reporters help.
Construction is underway for small retail center between Paradise Catfish and Grand Theater
Construction for Expansion of Simpson Security on Legacy Drive.
Howard W Wells (548 Cutts Road, Otis, LA 71446) to Rapides Parish Police Jury (P O Box 1150, Alex., LA 71309) - 1.227 acres in Sec 36, T3NR4W, $75,000.00. I wonder if this is location of Parish Fire Station that is needed in West part of Parish.
Donald K & Ruby C McKellar (315 Ridgewood Blvd., Alex., LA 71303) to Munchkinland Child Development Centers, LLC (1332 Texas Ave., Alex., LA 71301) - Lot 1 of the proposed Bonanza Subd. in Sec 31, T4 NR1W, $220,000.00. Sold their Day Care business to company that currently operates near the corner of Texas and Jackson behind Midas Muffler.
Olson's Properties, LLC (8782 Hwy. 1200, Boyce, LA 71409) to Naalbandian Properties, LLC (145 Grand Lakes Blvd., Alex., LA 71303) - Part of Lots 5 & 6, Ozone Heights Subd. (109 Fairmount St., Pineville, LA 71360), $350,000.00. I think this is small apartment complex.
LSUA to Skip Converse, Inc. (318 Jones St., Pineville, LA 71360) - Labor & materials for Men's & Women's Basketball Locker Room Additions in the Fitness Center, $78,300.00
Two Sales to Shelton Development Company that total $500,000 I am not sure where this is but will report next week
Linda Slayter Properties, LLC (2019 Horseshoe Dr., Alex., LA 71301) to Shelton Development Co., LLC Michael A. Shelton (P O Box 13525, Alex., LA 71315) - 3.168 acres in Sec 5, T3NR1W, $275,675.00
Linda Slayter (2019 Horseshoe Dr., Alex., LA 71301) to Shelton Development Co., LLC (P O Box 13525, Alex., LA 71315) - Part of Lots 5 & 6, Armstrong Subd. (5908 Prescott Road, Alex., LA 71301), $300,000.00. Land on Prescott directly behind Aaron and Linda Slayter home on Horseshoe drive
Another Sale on Versailles Pecan Bayou Development, LLC (1223 MacArthur Dr., Alex., LA 71303) to Fourwills, LLC (4740 Jackson St. Ext., Alex., LA 71303) - Lot 1, Pecan Bayou Subd., Phase 1 (54 Versailles Blvd., Alex., LA 71303), $235,000.00
Looking for home in Kistachie Forest PR team has best deal I have seen in a long time. Four acres nearly 4,000 sf house is less than 5 years old can option an additional 10 acres on Lake Kincade.
3.75 This week for REI
(-1.25) Total Volume for past two weeks from October 28th through November 8th, we will look at 10 business days that include “Trick or Treat” Need 80 sales over this two week period. There was only 59 sales with total volume of $6,777,839. Historically you can look for heavy sales volume end of the year for tax planning purpose. The new Capital Gains tax of 20% for individuals with AGI above $250,000 has killed many of a deal this year. If government raises taxes it influences some people’s decision to sale or not to sale.
(+1.25) New Homes looking for only a couple during this two week period for positive score
ABC Homes, Inc. (P O Box 1236, Glenmora, LA 71433) to Maegan Baum (147 Lacroix Road, Pineville, LA 71360) - 1 acre in Sec 28, T5NR1W, $142,575.00
V & V Builders, LLC (P O Box 12846, Alex., LA 71315) to Brett E & Kori E Kirkland (5926 Toria Dr., Alex., LA 71303) - Lot 265, Bocage Subd., Phase VI, $217,000.00
(+1.25) Lots sales need two for past 10 business days to rate positive score
North Park Pineville Corp. (2009 MacArthur Dr., Alex., LA 71301) to Ritchie Properties, LLC (1268 Dorchester Dr., Alex., LA 71303) - Lots 38 & 39, North Park Subd., $20,000.00
North Park Pineville Corp. (2009 MacArthur Dr., Alex., LA 71301) to Ritchie Properties, LLC (1268 Dorchester Dr., Alex., LA 71303) - 1.335 acres in Sec 1, T4NR1W, $50,000.00
New Way Investments, LLC (3786 Old Marksville Hwy., Pineville, LA 71360) to Matthew W & Brandi T Martin (48 M C Richey Road, Ball, LA 71405) - Tract in Sec 21, T5NR1E, $42,000.00
(+1.25) Lender Sales need the total volume to be less than 5% for positive score three sales in past two weeks total volume of $169,506 / $6,777,000 = 2.50%
Bank of America, NA (350 Highland Dr., Lewisville, TX 75067) to Byrd Family Investments, LLC (220 Woodwind Dr., Pineville, LA 71360) - Lot 13 & part of 121 of Blk B, Forest Park Subd. (314 Janet Dr., Pineville, LA), $86,006.00
Beneficial Louisiana, Inc. (931 Corporate Center Dr., Pomona, CA 91769) to John L Brossett (4839 Victoria Dr., Alex., LA 71303) - Lot 14, Victoria Place Subd. (4907 Victoria Rd a/k/a Victoria Place, Alex., LA 71303), $43,500.00
LPP Mtg., Ltd. (7195 Dallas Parkway, Plano, TX 75024) to GT Management of Cenla, LLC (6411 Shreveport Hwy., Pineville, LA 71360) - .54 acres in Sec 53, T4NR1E (374 Dupree St., Pineville, LA 71360), $40,000.00
Interest Rates Previous week 30 year rate was 4.23% this week rate is 4.51%. Previous week the 15 year fixed rate was 3.29% this week it is 3.51%. Young couple called this week and said they purchased home last year and financed $400,000 at 3.5% interest for 30 years and wanted to know difference in their payment assuming they locked in rate today. $400,000 @ 3.5% for 30 years is $1,796.18 and at today’s rate the monthly payment would be $2,029. A percentage difference of 12.96% and monthly difference of $232.82.
Rod Noles, CCIM, CRE, CPM
4615 Parliament Drive, Suite 100
Alexandria, Louisiana 71303
(318) 445-7653 Office
(318) 483-1577 Direct Line
(318) 446-1846 Cell Phone
Licensed by Louisiana Real Estate Commission