Top 5 Commercial Property Managers Stay Put; 'Cautious Optimism' Seen

by George Waldon  on Monday, Aug. 9, 2010 12:00 am  

The changes were few and far between among the largest commercial property management firms in Arkansas.

(Click here to see the list of the largest commercial property management firms.  A spreadsheet copy of the list is also available.)

The top five remained the same with Little Rock's Colliers International at No. 1 with more than 10.8 million SF under management, up from 10.4 million SF last year.

Flake & Kelley Commercial of Little Rock, at No. 2, dropped from nearly 6.5 million SF last year to 5.8 million. The Ashley Co. of North Little Rock, at No. 3, increased slightly from more than 2.8 million SF to 2.9 million SF.

Cooper Realty Investments of Rogers, No. 4 with 2.1 million SF, and MBC Holdings of Jonesboro, No. 5 with 1.5 million SF, both held steady.

Moses Tucker Real Estate, jumped to No. 6 with nearly 1.5 million SF. The Little Rock firm ranked No. 10, with 1.1 million SF last year.

Coldwell Bank Commercial Hathaway Group, No. 8, grew to 1.3 million SF from 1 million SF and No. 13 last year.


Market Holding Up
John Hathaway of Coldwell Banker Commercial Hathaway Group said a sense of cautious optimism is common regarding the state of the office market.

"I feel good about the status of it," Hathaway said. "Our marketplace has held up fairly well compared to markets across the country, especially on the coasts.

"We haven't seen a drop in rentals like other markets have reported. I'm starting to see people moving and doing some things after a lull that began in late 2008."

Grubb & Ellis/Solomon Partners of North Little Rock, No. 18, reported 481,000 SF this year, down from more than 1.1 million SF last year.



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