Construction Archive

Convention Center Woes Still Splitting Texarkana

by Arkansas Business Staff 3/28/2016 12:00 am

Before dueling convention centers became a thing in Jonesboro, they were a thing in Texarkana. And it's not turning out well in Texarkana.

Whisenhunt's $19M Cash Bet In Northwest Arkansas Pays Off

by Marty Cook 3/28/2016 12:00 am

In March 2012, Joe Whisenhunt placed a $19 million bet on northwest Arkansas and, four years later, it's looking like a winner.

Pulaski County Commercial Real Estate Deals Top $641M

by George Waldon 3/28/2016 12:00 am

The dollar total of $1 million-plus commercial real estate transactions in Pulaski County grew by 7 percent during 2015. Eight of the 25 largest commercial real estate deals in Washington County centered on apartments during 2015, and two more transactions involved land bought for multifamily development.

WLR Dealership Combo Generates $10.3M Sale (Real Deals)

by George Waldon 3/28/2016 12:00 am

MAG-AR I Colonel Glenn LLC, led by Mark McLarty, purchased the 17,690-SF North Point Nissan facility at 1 Col. Glenn Plaza Drive. MAG-AR 6030 Landers Road LLC, another McLarty Auto Group affiliate, bought the 18,130-SF North Point Mazda facility at 6030 Landers Road in North Little Rock for $2.8 million.

Too Many Centers (Editorial)

by Arkansas Business Editors 3/28/2016 12:00 am

Jonesboro doesn't need two convention centers any more than Texarkana did.

Phil Jones Joins C.R. Crawford Construction (Movers & Shakers)

by Arkansas Business Staff 3/28/2016 12:00 am

Jones most recently worked as senior business development consultant for the Joshua Consulting Group LLC, and previously as director of program management services for Nabholz Construction Services and as program manager for what is now Atkins North America.

Ramsay Ball on How NWA Land Game Has Changed in Past Decade

by Arkansas Business Staff 3/28/2016 12:00 am

Ramsay Ball, 58, worked in Little Rock real estate for 20 years before relocating to northwest Arkansas in 2004. He is now an executive broker for Colliers International in Bentonville. This week, he talks to Arkansas Business about the state of the northwest Arkansas commercial real estate market.

Burgundy Book: More Arkansans Expect Worsening Economic Conditions

by Arkansas Business Staff 3/25/2016 09:53 am

According to a February survey of business contacts, a little less than 50 percent expect that economic conditions will worsen in 2016 compared with 2015.

Arkansas February Unemployment Rate Falls to 4.2 Percent

by Lance Turner 3/25/2016 09:19 am

Arkansas' February unemployment rate is 4.2 percent, down from 4.4. percent in January and 5.6 percent in the same month last year, according to report Friday from the state Department of Workforce Services.

$425K in the Hole: Dickey-Stephens Park Ready for Opening Day

by Alexis Hosticka 3/24/2016 11:50 am

After three months of replacement and repairs, the Arkansas Travelers are hoping the only thing sinking on the baseball field come April 7 is a pitch or two.

Robinson Center Adding Outdoor Terrace, Begins Booking Events

by Alexis Hosticka 3/23/2016 01:52 pm

With only eight months until the reopening of the Robinson Center, the Little Rock Advertising and Promotion Commission on Tuesday approved the addition of a 5,800-SF outdoor terrace.

Northwest Arkansas Remains Strong on ATBI

by Alexis Hosticka 3/23/2016 09:19 am

Bentonville led the fourth-quarter 2015 rankings and Rogers surged to the top of the December rankings on the Arkansas Tech Business Index.

Firm Completes $4.3M Land Deal for Shoppes of Benton, Names Tenants

by Arkansas Business Staff 3/23/2016 08:58 am

GBT Realty Corporation of Brentwood, Tennessee, announced Tuesday the tenant lineup including TJ Maxx and Hobby Lobby at its Benton retail development after acquiring the 28.8-acre site for $4.3 million.

ASU Convention Center Moves Forward With Grant From Delta Regional Authority

by Alexis Hosticka 3/22/2016 03:14 pm

A hotel and convention center project by Arkansas State University and O'Reilly Embassy Suites is moving forward even though a similar project has received significant financial support from the Jonesboro Advertising & Promotions Commission.

MacArthur Park District Heats Up Downtown Little Rock Apartment Market

by Arkansas Business Staff 3/22/2016 10:42 am

Moses Tucker Real Estate announced Tuesday the $754,000 sale of the St. Clair Apartments at 500 E. Sixth Street in downtown Little Rock.

Kimbel Mechanical Systems CEO Brad Smith Now Also Owner

by Arkansas Business Staff 3/21/2016 12:00 am

When Brad Smith joined Kimbel Mechanical Systems of Springdale in 2000, he was the company's fourth employee. Now, he owns it.

Blake Dunn Recognized by American Institute of Architects (Movers & Shakers)

by Arkansas Business Staff 3/21/2016 12:00 am

Blake Dunn, president of CADM Architecture Inc. in El Dorado, has been elevated to the College of Fellows by the 2016 Jury of Fellows of the American Institute of Architects.

Construction Values in Central Arkansas Rebound

by Arkansas Business Staff 3/21/2016 12:00 am

Construction values in central Arkansas continued their slow rebound in 2014 compared with the trough experienced in 2011. That's according to “Metro Trends: Economic Review & Outlook,” the most recent report issued by Metroplan, the area's planning agency.

Riverhouse Apartments Sell for $39.6 Million (Real Deals)

by George Waldon 3/21/2016 12:00 am

Riverhouse/ML-BWP LLC and Riverhouse/1031 LLC, both of Nashville, Tennessee, bought the 260-unit apartment project in Little Rock's Riverdale area at 1200 Brookwood Drive.

Roger Collins on Allowing Employees To Pull the Strings at Harps

by Arkansas Business Staff 3/21/2016 12:00 am

Roger Collins became president and CEO of Harps Food Stores in 2000 and has expanded the store count to 78 in Arkansas, Oklahoma and Missouri. He was also instrumental in selling the company to the employee stock ownership plan 15 years ago.