Construction Archive

Arlington Hotel Names Alan Sims General Manager

by Arkansas Business Staff 12/7/2017 11:47 am

The Arlington Resort Hotel & Spa of Hot Springs names Alan Sims general manager, succeeding longtime GM Bob Martorana.

Applications for US Jobless Benefits Drop Again to 236K

by Associated Press 12/7/2017 10:39 am

The number of unemployed workers filing for jobless benefits fell by 2,000 last week to 236,000, the lowest level in five weeks and further evidence of the strength in the labor market.

New Development Set for Jonesboro's Caraway-Highland Intersection

by Graycen Colbert Bigger 12/6/2017 02:43 pm

Discount retailer Bargain Hunt will occupy 27,490 SF at the Highland Square Shopping Center in Jonesboro beginning in the spring. The space formerly housed Kmart, which closed at the end of last year.

ADP: Small Businesses Hire at Moderate Pace in November

by Associated Press 12/6/2017 11:24 am

Small businesses hired at a moderate pace last month, adding 50,000 jobs, according to payroll provider ADP.

Arkansas Home Sales Up 8.5 Percent in October

by Sarah Campbell-Miller 12/5/2017 10:18 am

The Arkansas Realtors Association said Monday that home sales rose 8.5 percent in October.

Attorney's Many Hats Complicate Redstone Trust Case

by Mark Friedman 12/4/2017 12:00 am

The May 2016 death of Michael Allen Lasiter, who owned Redstone Construction Group Inc. of Little Rock, has led to litigation over the handling of his trust, which is expected to be worth more than $10 million after estate taxes are paid.

Coca-Cola Plant Transaction Approaches $11 Million (Real Deals)

by George Waldon 12/4/2017 12:00 am

The largest independent Coca-Cola bottler in the nation bought the 22.2-acre complex from Atlanta's Coca-Cola Refreshments USA Inc., a subsidiary of the Coca-Cola Co.

ATRI Weighs In on Infrastructure

by Marty Cook 12/4/2017 12:00 am

There were few surprises among the recommendations in a recent report by the American Transportation Research Institute.

Empirical Energy Elevates John Freeman (Movers & Shakers)

by Arkansas Business Staff 12/4/2017 12:00 am

John Freeman has been promoted to principal at Empirical Energy Solutions in Little Rock. Freeman, who has experience in HVAC service, controls and commissioning, was previously a project manager.

US Construction Spending Up a Strong 1.4 Percent in October

by Associated Press 12/1/2017 10:34 am

U.S. construction spending surged 1.4 percent in October, the best gain in five months, with all major categories of building posting gains.

Bank of the Ozarks Hires Contractor for New HQ

by Sarah Campbell-Miller 11/30/2017 08:47 am

Bank of the Ozarks has hired CDI Contractors LLC to build its new headquarters in west Little Rock and plans to break ground in December.

Fed Report: Employers Raising Wages in Tight Labor Market

by Lance Turner 11/29/2017 03:22 pm

Employers in the Federal Reserve's Eighth District, which includes all of Arkansas and parts of six nearby states, say they are raising starting wages and salaries to attract new workers amid a tight labor market.

Construction Employment Up Nationwide, in Arkansas

by Arkansas Business Staff 11/29/2017 03:21 pm

Construction employment increased in 243 out of 358 metro areas between October 2016 and October 2017, declined in 59 and stagnated in 56, according to a new analysis by the Associated General Contractors of America.

Lumber One to Open in iHeart Media Metroplex, Other Real Estate Deals Total $1.4M

by Sarah Campbell-Miller 11/29/2017 02:37 pm

A new Lumber One Home Center retail store is planned for the recently sold iHeart Media Metroplex at 10800 Col. Glenn Road in Little Rock.

Weeding Down Arkansas' Cannabis Cultivators

by Kyle Massey 11/27/2017 12:00 am

Ninety-five entities applied for five licenses to grow medical cannabis in Arkansas. But exacting standards and daunting challenges mean it won't be easy money.

Arkansas Timber Rides Wave Of Demand

by Marty Cook 11/27/2017 12:00 am

This year's hurricanes are likely to boost Arkansas' timber industry, which was already experiencing a surge of new investment.

Clarksville Basks in Solar Power

by Arkansas Business Staff 11/27/2017 12:00 am

There may be something even newer under the sun soon in Clarksville, where former Lt. Gov. Bill Halter's Scenic Hill Solar is already installing a $10 million municipal power project.

How Chinese Textiles Filled Sanyo's Old Role as Forrest City Hero

by Kyle Massey 11/27/2017 12:00 am

Forrest City was seeking a suitor for a massive shuttered factory. Shandong Ruyi Technology Group of China was looking for the right spot for its first U.S. facility, a vast yarn factory capable of consuming Arkansas' entire annual cotton crop.

Industrial Space Vacancy Rate Falls in Central Arkansas

by Arkansas Business Staff 11/27/2017 12:00 am

The total vacancy rate for industrial space in the central Arkansas real estate market fell to 9.6 percent in third-quarter 2017, compared with 10.6 percent in third-quarter 2016.

Bass Pro, Hooters Site Yields $23M Tandem Sale (Real Deals)

by George Waldon 11/27/2017 12:00 am

The sale-leaseback of Little Rock's 104,359-SF Bass Pro Shops spawned a $21.89 million transaction.