Development Woes Boil Over for MBC Holdings' Bruce Burrow

by George Waldon  on Monday, Aug. 13, 2012 12:00 am  

His NAI Halsey Commercial Real Estate Service Worldwide ranks as the 18th-largest commercial property management firm in the state with a 733,000-SF portfolio.

Halsey is listed among Burrow's creditors as is MBC Holdings.

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The firms on this year's list manage a combined 42.3 million SF. That represents 1.8 million SF more than the 2011 total.

A sizable piece of that (more than 1.1 million SF) can be attributed to the inclusion of a company that wasn't part of last year's list: Capital Properties LLC of Little Rock.

Taking that variable into account, commercial property managers as a whole gained 722,479 SF in new business in a year-over-year comparison.

Of the 24 firms that made the 2011 and 2012 lists, 11 reported one-year gains of space under management, seven indicated no change and six recorded a loss of SF.

The running order of the six largest commercial property management firms didn't change from last year.

The Arkansas operations of Colliers International posted the biggest year-over-year gain in the size of its management portfolio: 528,000 SF.

Colliers topped the list with a total of nearly 11.7 million SF.

Six other companies reporting six-digit increases. The roster includes: The Ashley Co. of North Little Rock, R.H. Ghan Property Management of Fort Smith, Grubb & Ellis Solomon Partners of North Little Rock, Schickel Development Co. of Little Rock, NAI Halsey Commercial Real Estate Service Worldwide and Management Realty of Fayetteville.



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