EStem Buys Historic Gazette Building for $5.3 Million (Real Deals)

by George Waldon  on Monday, Mar. 21, 2011 12:00 am  

Elbow room for a Sherwood nursing center drew a $390,000 transaction.

Sherwood Nursing Center Inc., led by Michael Morton, bought the 0.98-acre parcel at the northeast corner of Brookwood Road and Indian Bay Drive. The seller is Garrett & Garrett Inc., led by Thomas Garrett.

G&G acquired the land for $97,000 in March 2002 from the Nathan Reed McConnell Trust, the Margaret Clark McConnell Trust, Joe and Mary Smith and James and Susan Kincannon.


Multifamily Foreclosure

An apartment house in downtown Little Rock was recovered in a $219,417 foreclosure sale.

Arvest Mortgage Co. of Lowell took possession of the 916 Scott St. property from Vandy Nhem. The 0.17-acre development was secured by a $213,647 mortgage held by Arvest.

Nhem purchased the house for $217,000 in March 2006 from Mary Buchanan.


Chenal Circle Residence

A 6,465-SF home in the Chenal Circle neighborhood of west Little Rock sold for $900,000.

Glenn and Lori Millner acquired the house from David and Mary Gulley. The residence previously was linked with an August 2010 mortgage of $650,000 held by BancorpSouth Bank of Tupelo, Miss.



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