03 January 2007
rod noles 2007 predictions
rod noles is a local (alexandria, louisiana) real estate broker/developer who has a weekly (usually on wednesdays) radio program on ksyl am 970 called "rod noles economic update." early on wednesday mornings mr. noles sends out an email with that shows synopsis;
the following is an excerpt from this mornings email and if you missed the live program, no problem, you can still listen to it (sans commercials) by going on http://www.ksyl.com and click on the podcast of his show.
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007 predictions by Noles, Rod Noles just like Bond James Bond
First Million Dollar Plus home sale, before year is complete at least 4 over One Million
Bentley Hotel will not reopen in 2007
Wal-Mart on highway 28 West will not begin construction until 2008
Two more new hotels will start construction
Four more new bank, credit union branches
Housing starts will be down 8% in Parish
Work will commence on Versailles extension
At least 6 new physician offices will start construction
Hotel in Pineville will be huge success
Pineville will pass alcohol consumption in Restaurants only (Madison says I will drink to that)
Zero new restaurants in Alexandria, relocation of cottage does not count
Zero new apartment complexes in Alexandria except LSUA, rents will see record occupancy and rental rates increase
Condo on Red River will be built and sale out
Increase in bank foreclosure on all types of products
Two major new warehouse developments
Someone will find great use for Cowboy town
Three new churches will be built
Service Merchandise will be demolished and Mall will announce three new stores
Either Circuit City or Best Buy will enter the market not both
McArthur Village will lease 50% of vacant space, predicted last year after Kroger big lease up
Office max building will still be vacant
Cabrini will buy Ball Park from the city
20 new structures in residential section of Lake District
Interest rates will reach 7%
DJA will top 12,500 setting new record currently trading at 22 PE
MLS production will be down 10%
Much excitement in media markets with KALB and Cenla broadcasting setting pace, Town Talk will look more like Gannett
South Circle will still be there
Highest price per square foot land sales will be highway 28 West and Kingsville
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