25 April 2007

rod noles economic update radio notes 25 april 2007

heres an excerpt from this weeks rod noles economic update email:

to listen to this weeks show via ksyl.com podcast go to:

http://www.ksyl.com/podcasts.htm

and click rod noles wednesday real estate update:

http://www.ksyl.com/tbwed.htm
-----Original Message-----
From: Rod Noles
Sent: Wednesday, April 25, 2007 7:08 AM
Subject: Radio notes April 24th

Warsaw Poland International 5 day course

Wonderful weather, good flight connections 8.5 hour flight

Wait to buy vodka on plane with shopping cart down the aisle

Students were wonderful most spoke some English 30% fluent, Polish was second language for some

Time Value of money high school concept way ahead of American students

Interpreter only translates, and interprets for real estate, gifted and fun. All slides were in Polish

11 days not enough time to enjoy this wonderful country with such a tragic history

All roads lead to Rome but world comes to Warsaw, international city

Quiz which city in the world has second largest Polish population? Second only to Warsaw, second only to

Poland has not been a capitalist economy for 20 years yet, people are competent and competitive, and service is superior

Guide said about lack of competition during communist era, new buildings beside modern sky scrapers

Country side still has people plowing with horse drawn plow

Kracow only city not destroyed by the Nazi is a beautiful treasure, castles, cathedrals, and wonderful architecture

People are thin, walk a lot, no fried foods, no to go orders, no drive through windows, small cars four fat guys would not fit

Concentration camps is chilling beyond all possible imagination of how cruel we can be to each other

Every Deal has a tale / tail
reviewed 11 days of legal recorder few sales of interest

7 plus acres next to tobacco plus has survey stakes, rough rule of thumb 10,000 sf of space per acres, approximately 70,000 sf property is owned by

Sale; Cogent Equity, et al to North Mall Properties (7235 Jefferson Hwy., Baton Rouge, LA 70806) - Tract in Sec 36, T5NR1W, $2,052,006.00 $6 psf

Partners: Registered Agent (Appointed 1/29/2007): JOHN W. KOLWE, 600 JEFFERSON ST., SUITE 1600, LAFAYETTE, LA 70501

Manager: JOSEPH A. PERRAULT, JR., 7235 JEFFERSON HWY., BATON ROUGE, LA 70806

Lender: North Mall Properties (P O Box 80154, Lafayette, LA 70598) to Home Bank (P O Box 81459, Lafayette, LA 70598) - 7.851 acres in Sec 42, T4NR1W (2050 North Mall Dr., Alex., LA 71301), $1,720,000.00

Cogent also made $1,000,000 plus purchase from Beauregard development.

Beauregard Development (P O Box 13705, Alex., LA 71315) to Cogent Equity, et al (1412 Centre Court, Suite 500, Alex., LA 71301) - 135.48 acres in Sec 35 & 36, T5NR1W, $1,155,000.00 North side of the river $8,525 per acre ( I think near Mary Hill road and interstate) Buddy Tudor listens to show maybe he will call in

Family counseling buys new or additional location Red River Ques II (2604 Detroit St., Alex., LA 71302) to Family Counseling Agency (1404 Murray St., Alex., LA 71301) - .753 acre tract known as 3006 Broadway Ave., Alex., LA 71302, $290,000.00

First Federal Bank of LA signs building contract (P O Box 1667, Lake Charles, LA 70602) to Skip Converse, Inc. (318 Jones St., Pineville, LA 71360) - Renovations to existing building New Branch Bank, 2212 North Blvd., Alex., LA, $1,589,000.00

Mall activity serious:

Right of way for widening road construction soon to start

David Bridal $400,000 land sale next to Florita

Service Merchandise down and tenants on the string

70,000 sf box coming up on 7.85 acres next to Tobacco plus

First Federal rehab over $1,000,000 to State Farm building

J.C Penny TBA facility 13,700 in rehab partly occupied by Weiss & Goldring, Mall wanted their space for some reason

First time million dollar deal for Noles-Frye Realty agents

Jack Hodges closed his first million dollars deal 539 acres in Harrisonburg or Catahoula Parish cross sale with Mossy Oaks,

Jimmy Refearin has Marksville shopping center $1,500,000 under contract, loop net works

Dagwood pad site on Jackson street in front of Mack’s Market Curmin Gaines owner operator

Robin Ewing moving into new center on MacArthur but not Eddie’s Barbecue

House of Java on Jackson street

Paul Smith new state fire marshal from Alex is considering requiring sprinkler systems in new homes, hope this does not happen

Jena Choctaw will have casino hats off to Mike Whalder who had faith deal would work and donated land for trust, many property owners turned down this opportunity including one of my groups..

Sale TXI Operations, et al (1341 W Mockingbird Lane, Suite 700, Dallas, TX 75247) to Yahweh, LLC (P O Box 1719, Tioga, LA 71477) - Part of Lot 12, C R Baker Subd., et al, $400,000.00

Loan: Yahweh, LLC (5015 Hwy. 71, Tioga, LA 71477) to Capital One (313 Carondelet St., New Orleans, LA 70130) - Part of Lot 12, C R Baker Subd., et al, $400,000.00

Lake District sells four lots while I am out of town

Wonder if this is tear down for new home: Bernard L Aertker, Jr. (7321 Board Dr., Baton Rouge, LA 70817) to Carol M White (6412 Genevieve Dr., Alex., LA 71301) - Lot 4, Blk 4, Petrus Heights Addn. (3011 Pershing Ave., Alex., LA 71301), $112,081.30

North Park several sales past 18 months Alexandria North Park Development (1228 Southampton Dr., Alex., LA 71303) to Darrell C Johnson, Sr. & Mary L Johnson (5104 Sarah St., Alex., LA 71302) - Lot 4, North Park Village, Phase I (1586 Chase Dr., Alex., LA 71303), $144,000.00

Big loans this week: $700,000 or more

$3,000,000.00 Dis-Tran Steel Pole (4725 Hwy. 28 E, Pineville, LA 71360) to Iberibank (1300 Oliver Road, Monroe, LA 71201) - 9.69 acres in Sec 25, T5NR1W (529 Cenla Dr., Pineville, LA 71360), $3,000,000.00

$1,900,000.00 Bayou Rapides Development to Citizens National Bank (2711 E Texas St., Bossier City, LA 71111) - 19.5249 acres in Sec 21, T4NR1W,

Registered Agent (Appointed 10/09/2006): JAMES BRYAN BUTLER, 3704 COLISEUM BLVD., ALEXANDRIA, LA 71303

Manager: JAMES BRYAN BUTLER, 3704 COLISEUM BLVD., ALEXANDRIA, LA 71303

Member: JAMES BRYAN BUTLER, 3704 COLISEUM BLVD., ALEXANDRIA, LA 71303

Member: DAVID RANDAL PFEIFFER, 125 BREKENRIDGE DR., PINEVILLE, LA 71360-4247

Member: RICHARD DALE KYLE, 5704 URSULINE DR., ALEXANDRIA, LA 71301-2441

$707,000.00 CSDT, LLC (4923 S Columbia Ave., Hammond, IN 46327) to Louisiana Capital Certified Development Co. (302 LaRue France, Suite 200, Lafayette, LA 70508) - 10.273 acres in Sec 10 & 14, T4NR1W (1111 North 3rd St., Alex., LA 71301), $707,000.00
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