Real Estate

Group Buys Legacy Hotel for $2.85M, Plans $5M in Renovations

Group Buys Legacy Hotel for $2.85M, Plans $5M in Renovations

Newly created SHG Management LLC of Sherwood recently purchased the Legacy Hotel in downtown Little Rock for $2.85 million and plans to spend another $5 million on renovations.
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Richardson Properties to Build $150M Complex in North Little Rock

Richardson Properties LLC of North Little Rock announced on Thursday that the city's planning commission has approved its $150 million multi-family "The Pointe North Hills" development near Interstate 40 and North Hills.
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Construction Starts on Hyatt Place, Convention Center in Jonesboro

Dodging rainy weather, local officials and members of the Keller Family Hyatt Group marked the start of construction on a $30 million Hyatt Place Hotel & Convention Center in Jonesboro.
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Scott Reed Faces New Foreclosure Over K Lofts

IberiaBank of Lafayette, Louisiana, sued to recover more than $1.4 million owed on an original June 2013 loan of $1.3 million to Scott Reed's K Lofts project. read more >

St. Vincent West Property Sold for $14.1 Million

A medical office building in west Little Rock, a store in Maumelle and a west Little Rock manor provide our trio of million-dollar transactions this week. read more >

Property, Cash Included in One Bank's Settlement with BHL

Johnelle Hunt's BHL Financing LLC received assets valued at $2.8 million in its settlement with Little Rock's One Bank & Trust. read more >

Decision Time for Noelle Nikpour in Florida's Tuesday Primary

Noelle Nikpour has been getting some flak lately for not owning a home in Florida's 18th Congressional District, even though the former (current?) Arkansan and GOP strategist is running to represent the district. read more >

Colonial Arms, Oakwood Place Apartments Sell For $5M In Fayetteville (NWA Real Deals)

White Rock Investments LLC, led by Tim Brisiel of Fayetteville, paid $5 million for two apartment complexes. read more >

Wal-Mart's McMillon Tops Compensation List of 100 Arkansas Pubic Company Execs

C. Douglas McMillon, CEO of Wal-Mart Stores Inc., has returned to the No. 1 spot on the annual list of executive compensation at publicly traded companies headquartered in the state. read more >

No Fiercer Newspaper War: 25 Years After the Arkansas Gazette's Closing, Veterans Consider Consequences

The last shot between the Arkansas Gazette and the Arkansas Democrat was fired nearly 25 years ago when the Gazette, the oldest business in the state, was shut down after 172 years and its assets were sold to its rival. read more >

Madison Health & Rehab Draws $4M Transaction (Real Deals)

Dixon Realty LLC of Wood-Ridge, New Jersey, purchased the 140-bed nursing home in south Pulaski County from Trinik Holdings LLC, led by Saeed Niksefat. read more >

Tacos 4 Life to Open Restaurant in Little Rock

Tacos 4 Life plans to open its first location in Little Rock early next year at Shackleford Crossing Shopping Center. read more >

Average US 30-Year Mortgage Rate Unchanged at 3.43 Percent

Long-term U.S. mortgage rates didn't budge this week, remaining at historically low levels that continue to lure prospective home buyers. read more >

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