Real Estate

Brandon Barber Sentenced to 65 Months in Prison for Fraud, Money Laundering
Brandon Barber

Brandon Barber Sentenced to 65 Months in Prison for Fraud, Money Laundering

Brandon Barber, a former northwest Arkansas developer, was sentenced Tuesday in federal court to 65 months in prison for bank fraud and money laundering. "More than a half-decade ago, I made bad decisions based on my selfishness and pride," Barber told Judge P.K. Holmes. "I failed those who loved and trusted me the most."
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Heartland Bank Finds New HQ in The Heights

The 922-SF leased facility at 5100 Kavanaugh Blvd. in the Heights area is likely the smallest bank HQ in all of Arkansas.
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Red Lobster Leads Trio of Seven-Digit Deals

Seafood restaurants, a bank branch in North Little Rock and land for a gated apartment project in west Little Rock assembled this week to form a quartet of million-dollar transactions.
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Windstream Transaction Adds Up to $8.6 Million (Real Deals)

A 30,400-SF data center shifted ownership in a sale-leaseback transaction valued at $8.6 million, and land for a future bank branch development in the Heights area of Little Rock tipped the scales at $2.2 million.
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US Economy Grew at 3.5 Percent Rate in 3Q

The U.S. economy grew at a solid annual rate of 3.5 percent in the July-September quarter, propelled by solid gains in business investment, export sales and the biggest jump in military spending in five years. read more >

Dennis Smiley's Wife Cynthia Files Chapter 7 Bankruptcy

Cynthia Smiley, the wife of former Arvest Bank executive Dennis Smiley Jr., filed Chapter 7 bankruptcy on Thursday, listing $2.3 million in debts and $34,000 in assets. read more >

McClelland Consulting Makes In-House Moves (Movers & Shakers)

Adam Triche, a project engineer in the Little Rock office of McClelland Consulting Engineers Inc., has been promoted to partner effective Feb. 1, 2015, one of six new moves made at the firm. read more >

Crittenden Regional Hospital Assets Go up for Sale

U.S. Bankruptcy Judge Audrey Evans has signed off on hiring an auctioneer to sell some assets of Crittenden Regional Hospital. read more >

Weyerhaeuser CEO Doyle R. Simons Says Housing Stats On Path Out of the Woods

Simons has been a director of Weyerhaeuser since June 2012. He was chairman and CEO of Temple-Inland Inc. from 2008 to February 2012, when it was acquired by International Paper. He held various management positions with Temple-Inland, including executive vice president from 2005 to 2007 and chief administrative officer from 2003 to 2005. Before joining Temple-Inland in 1992, he practiced real estate and banking law with Hutcheson & Grundy LLP of Houston. read more >

First National Bank of Paragould Gains Northwest Arkansas Presence (NWA Real Deals)

First Paragould Bankshares Inc. closed on its acquisition of five former Metropolitan National Bank branches in northwest Arkansas. read more >

New Shipping Law More Miss Than Hit, Arkansas Wine Producers Say

Arkansas' wine producers said Act 483, which went into effect in August 2013, puts the state wineries at a competitive disadvantage to out-of-state shippers. The Alcoholic Beverage Control Administration said 114 permits have been issued to allow shipping to Arkansas consumers, but only two permits have been given to a state winery. read more >

US New-Home Sales Close to Flat in September

U.S. sales of new homes were nearly flat in September, after the government sharply revised downward what was initially an August surge in buying. read more >

Crye-Leike Adopts New Safety Rules After Beverly Carter Death

The death of real estate agent Beverly Carter has prompted her former employer, Crye-Leike Realtors, to adopt new safety standards for its agents. read more >

Deltic Timber 3Q Profit Sees Slight Bump

Deltic Timber Corp. of El Dorado announces an increase in net income in third-quarter 2014 to $6 million compared with $5.9 million in third-quarter 2013. read more >

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