Construction Archive

Low Vacancy Could Lead to Lease Rate Increases in NWA

by Alexis Hosticka 9/1/2015 11:00 am

The Skyline Reports on commercial and multifamily real estate in northwest Arkansas show vacancy rates in every market in northwest Arkansas at the lowest levels the report has ever recorded.

Bentonville Retains Top Spot on ATBI

by Mark Carter 9/1/2015 09:33 am

Bentonville retains its spot atop the Arkansas Tech Business Index, while eight of the 18 cities listed on the index finished the second quarter of 2015 with a rating greater than 100.

Central Arkansas Industrial Space Vacancy Rate Slips

by Arkansas Business Staff 8/31/2015 12:00 am

The vacancy rate for industrial space in central Arkansas fell slightly in the second quarter compared with the year-ago quarter, to 11.7 percent compared with 11.9 percent in second-quarter 2014.

Peco Foods Development Heading to 2016 Launch

by George Waldon 8/31/2015 12:00 am

Work on the new $200 million integrated poultry operation of Peco Foods Inc. is changing the landscape in northeast Arkansas. The nearly 200-acre poultry plant complex site near Pocahontas, assembled in three buys totaling almost $1.4 million in February 2014, is the centerpiece of construction activity.

Supply Lags Demand for Osteopathic Residencies

by Mark Friedman 8/31/2015 12:00 am

Two new osteopathic medical schools preparing to open in Arkansas aim to address the state's shortage of primary care physicians, but the pipeline of required residencies may be too narrow to handle a flood of new medical school graduates beginning in 2021.

Arkansas State Board Approves $12.6M Renovation Plan

by Alexis Hosticka 8/27/2015 03:01 pm

The Arkansas State University Board of Trustees approved a $12.6 million plan to renovate its historic Wilson Hall, which it plans to lease to the New York Institute of Technology College of Osteopathic Medicine.

McKibbon Partners with Ronald McDonald House Charities

by Arkansas Business Staff 8/26/2015 03:58 pm

McKibbon Hotel Group is partnering with the Ronald McDonald House Charities of Arkansas in a joint effort to build a new Ronald McDonald house in Little Rock, slated to open November 2016.

Crystal Bridges: Bachman-Wilson House to Open Nov. 11

by Arkansas Business Staff 8/26/2015 09:24 am

Crystal Bridges Museum of American Art in Bentonville said Wednesday that it plans to open the Frank Lloyd Wright-designed Bachman-Wilson House on Nov. 11.

Cranford Co. Makes Move into Arkansas Building

by Alexis Hosticka 8/24/2015 01:27 pm

After a long drawn-out wait and taking over delayed work themselves, Cranford Co. has moved into an office in the Arkansas Building.

Outlets of Little Rock Announce Retailers

by Alexis Hosticka 8/24/2015 10:15 am

Outlets of Little Rock, a 325,000-SF outlet center opening on Oct. 16 next to Bass Pro Shops in Little Rock, is announcing stores all through this week.

Apartments in Northwest Arkansas Still in High Demand

by Marty Cook 8/24/2015 12:00 am

A recent apartment market study reported that occupancy rates for northwest Arkansas were 98 percent or higher in each of the four major cities.

Series of LR Apartments Produces $65 Million Sale (Real Deals)

by George Waldon 8/24/2015 12:00 am

A quartet of Little Rock apartments sold for a combined $65 million. Affiliates of Somerset Partners LLC of New York bought the projects from affiliates of Bell Partners Inc. of Greensboro, North Carolina.

Arkansas Unemployment Decreases to 5.6 Percent in July

by Arkansas Business Staff 8/21/2015 09:23 am

Arkansas' seasonally adjusted unemployment rate decreased one-tenth of a percentage point, from 5.7 percent in June to 5.6 percent in July, according to labor force data from the U.S. Department of Labor, Bureau of Labor Statistics.

Update II: DAV Construction Searched by Federal Agents

by Gwen Moritz 8/20/2015 02:49 pm

The subject of a federal law enforcement search at a North Little Rock office on Wednesday was DAV Construction Co., according to a statement issued Thursday afternoon by Powers of Arkansas.

Site Work Begins for Lewis Crossing in Conway

by Arkansas Business Staff 8/19/2015 09:30 am

The Lewis Crossing shopping center development, expected to open in the fall of 2016, officially is under construction in Conway at the southeast corner of Interstate 40 and Dave Ward.

Big River's John Correnti Found Dead in Chicago

by Arkansas Business Staff 8/19/2015 09:01 am

John Correnti, CEO of Big River Steel, was found dead Tuesday in Chicago. He was 68. A cause of death has not been released. Correnti was leading the $1.3 billion steel mill project being built south of Osceola in Mississippi County.

UALR, eStem to Partner on New High School

by Mark Carter 8/17/2015 02:15 pm

The project will entail new construction and renovation of existing UALR space. The new eStem High School, serving students in grades 9-12, is expected to open in July 2017.

JBU Breaks Ground on $6M Health Sciences Building

by Alexis Hosticka 8/17/2015 10:01 am

John Brown University broke ground Monday on a $6 million Health Sciences Building scheduled to be complete by fall 2016.

Scott Reed Owes Over $35K in Delinquent Property Taxes

by Arkansas Business Staff 8/17/2015 12:00 am

The West Coast real estate adviser with historic re-development aspirations owes a combined $35,546 on four Main Street buildings. The biggest tab is $14,397 owed for 2012-13 taxes plus penalty and interest on the 62,688-SF M.M. Cohn Building at 510 Main St.

Hugg & Hall Gets New Site in Fort Smith

by Arkansas Business Staff 8/17/2015 12:00 am

Super Properties III LLC, led by John Hugg and Robert Hall, bought a 16.2-acre property at 7101 S. Zero St. Hugg & Hall paid just shy of $2.5 million to Alawest-AL LLC.