Construction Archive

Skyline Report: Residential Permits Down But Value Up in 2014's Second Half

by Lance Turner 4/2/2015 11:25 am

The number of residential building permits issued in northwest Arkansas fell in the second half of 2014 compared with the same time in 2013, but the value of those permits increased, a report says.

El Dorado Group Seeks One-Cent Sales Tax

by Sean Beherec 3/31/2015 03:58 pm

A group of residents dubbed "El Dorado Works" will ask the city council in April to hold a special election for the tax.

Coe Gift to Fund Engineering Professorship at ASU

by Arkansas Business Staff 3/30/2015 11:19 am

A planned estate gift of $250,000 from the late Henry and Verbeth Coe will establish an endowed professorship in engineering at Arkansas State University, the school announced Monday.

CDI Contractors Sees Sales Continue To Build

by Arkansas Business Staff 3/30/2015 12:00 am

The construction company, which is owned by Dillard's Inc., reported sales of $130.7 million for the fiscal year that ended Jan. 31. That's up 42 percent from the previous year “due to an increase in construction projects,” according to the Little Rock retailer's annual report, which was released last week.

Wingate by Wyndham Hosts $2.9 Million Sale (Real Deals)

by George Waldon 3/30/2015 12:00 am

The sale of a 62-room hotel in North Little Rock weighed in at $2.92 million. A 20,332-SF building in downtown Little Rock changed hands in a $975,000 transaction. And a 1,728-SF convenience store in west Pulaski County is under new ownership after a $519,875 sale.

Nettleton Bridge Project Making Progress in Jonesboro

by Mark Friedman 3/30/2015 12:00 am

A railroad overpass project at Highland Drive and Nettleton Avenue in Jonesboro continues to make progress, but it still is years away from being completed.

Arkansas Labor Force Rises by 9,000

by Arkansas Business Staff 3/30/2015 12:00 am

As the unemployment rate in Arkansas is falling the size of the labor force is increasing, as these charts by Michael Pakko, the state's economic forecaster, show.

Jonesboro Developer Bruce Burrow's Pyrrhic Victory

by George Waldon 3/30/2015 12:00 am

Officially launched 11 years ago, The Mall at Turtle Creek represents a landmark development long envisioned for the property by Bruce Burrow. The hybrid retail project — part mall and part lifestyle center — became a high-water mark in his storied career.

Arkansas Jobless Rate Down to 5.5 Percent

by Arkansas Business Staff 3/27/2015 09:47 am

The state's unemployment rate fell to 5.5 percent in February, down a tenth of a percentage point from January, according to data released Friday by the state Department of Workforce Services.

Asa Hutchinson Names Mike Preston as New AEDC Director

by Arkansas Business Staff 3/26/2015 10:58 am

Gov. Asa Hutchinson on Thursday announced Mike Preston as the new executive director of the Arkansas Economic Development Commission.

Arkansas Personal Income Up 3 Percent in 2014

by Arkansas Business Staff 3/25/2015 10:41 am

Arkansas' state personal income rose 3.1 percent in 2014, according to the latest report by the Bureau of Economic Analysis at the U.S. Department of Commerce.

Magellan Submits More Eminent Domain Petitions for Pipeline

by Arkansas Business Staff 3/23/2015 12:00 am

The company, a subsidiary of Magellan Midstream Partners LP of Tulsa, has filed at least five petitions in Sebastian County and two more petitions in Pulaski County in the last three weeks, according to court records.

Harps Sherwood Store Delayed by Dunkin' Donuts Details

by Arkansas Business Staff 3/23/2015 12:00 am

The site of a future Harps Foods Store at the northwest corner of Highway 107 and Oakdale Road has been graded, but no plan had been submitted to Sherwood city planners as of Thursday.

Mississippi County Hospitals Expect To See Tax Revenue

by Mark Friedman 3/23/2015 12:00 am

Ralph Beaty, the CEO of the Mississippi County Hospital System, already has a list of projects to fund with the money generated from the 0.5 percent countywide sales tax that voters approved in October.

Value of $1 Million-Plus Deals Jumps 70 Percent

by George Waldon 3/23/2015 12:00 am

The number of $1 million-plus commercial real estate deals in Pulaski County didn't increase significantly during 2014. But the same can't be said for the dollar total of the transactions, which ballooned by a whopping 70 percent compared with 2013.

Developers See Surge In Northwest Arkansas Activity

by Marty Cook 3/23/2015 12:00 am

Cody Crawford, the president of C.R. Crawford Construction of Fayetteville, has his hands full with work these days. He's not alone — the region is showing signs of shrugging off the hangover of the recession.

Conway Builders Enjoying Boom as City Expands

by Sean Beherec 3/23/2015 12:00 am

The city of Conway is on the verge — if it hasn't reached it yet — of a boom in commercial real estate availability. Just up Interstate 40 from Little Rock, the city has been the host of several recent development projects and is set to begin more in the coming years.

Arkansas Baptist's Fitz Hill Sees Education, Urban Revitalization and Investments Intertwined

by Arkansas Business Staff 3/23/2015 12:00 am

Dr. Fitz Hill, who was born and raised in Arkadelphia, was named president of Arkansas Baptist College in 2006. He talks to Arkansas Business about his vision for education and urban renewal.

$6 Million Transaction Visits LR Airport Hotel (Real Deals)

by George Waldon 3/23/2015 12:00 am

A 201-room hotel and adjoining restaurant in east Little Rock tipped the scales at $6 million. Two Walgreens were sold for a combined $10.7 million. And the Village Shopping Center in Little Rock rang up a $3.04 million sale.

200 Laid Off at M&M Environmental Following Truck Crash

by Sean Beherec 3/20/2015 02:49 pm

The company announced 200 workers were laid off following a crash in Faulkner County.