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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Tradelite who wrote (40197)	9/2/2005 3:26:54 PM
From: Tradelite	Respond to of 306849

New Orleans Businesses Target Nearby Cities for Temporary Space..... From today's WSJ, page A5 ____________ Companies with large offices in New Orleans are scrambling to find new work space, in addition to temporary housing for their employees, and are quickly gobbling up real estate in other cities and neighboring states......The offices in many cities around New Orleans are nearly full and companies are reaching out to Houston and Dallas. In Baton Rouge, everything from offices, warehouses, big box spaces, houses, is virtually disappearing from the market, said the prez of one real estate company. Government agencies are also looking for space. J.P. Morgan Chase bought an entire 60-unit townhouse development for displaced employees.