Real estate speculation: A former hotel that is being turned into condos in downtown is a magnet for speculators. Donnie Jarreau, who is heading the conversion of the AllRound Suites, said most of the buyers have been investors looking to rent units or sell in the near future for a return. He expects one-bedroom units, which run from $79,000 to $85,000 per unit to sell for $99,000 a year after the condos next to Casino Rouge open. Sixty of the 100 units have been claimed by deposits.
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